Lake Minnetonka Real Estate Blog

3570 Montgomerie Ave Deephaven MN 55391

3570 Montgomerie Ave. Deephaven MN 55391 - Living Room example To Be Built: 3570 Montgomerie Ave | 4 Bed, 3 Bath, 2714 SF, 3 Car .46 ac - $898,073     

For Generations homeowners have enjoyed the unique charm and lifestyle of Deephaven USA.  Now is your opportunity to build new in this all-American town on the shores of Lake Minnetonka.

This isn’t a dream. Or is it? Vernacular Revival in style, this home is by nature a comfortable, calm sanctuary. The architectural clean lines combined with simple elegance are perfectly suited for the spacious lot nestled in the heart of Deephaven Park.  The well-chosen design combined with mindful materials make the home not only pleasing to the eye, but sustainably efficient as well. Specifically, here’s what the build includes.... 4 bedrooms on the upper level including the spacious master suite, 3 baths, 3 car garage with 2714 FSF on a 1240 SF foundation.  There is an additional 1143 unfinished square feet in the full basement which includes a roughed...

2015 1st Quarter Summary for the Lake Minnetonka Luxury Home Market

2015 1st Quarter Summary for Lake Minnetonka's Luxury Home MarketWarmer than normal spring temperatures contributed to the April 5th ice out date on Lake Minnetonka; 19 days earlier than last year!   The warmer temps also brought a total of 30 real buyers to the Lake Minnetonka luxury home market during the 1st quarter of 2015, a 7% increase over the 1st quarter of last year.  The closed transactions had an average of 315 days on market, a year over year increase of 128%.  The increase was supported by the additional of homes on the market over last year's 1st quarter.  As we mentioned in the 2014 year-end review, the $800k to $900K price range remains extremely active fueled by the continued lower interest rates.  However, for the first quarter of 2015 the $900K to $1M price range set the mark as the highest percent of original list price received at 98.3%.  The local luxury market as a whole stands at 90% of original list price received for 1st quarter.   The absorption rates increase by 50% from the start of the year to 22.27 months with the $800K to $900K...

Lake Minnetonka's Groundhog Day

Groundhog Day celebrates the timing of the upcoming spring.  In a similar way, Lake Minnetonka locals look for Gabriel Jabbour's (Tonka Bay Marina) steel hull icebreaker to celebrate the timing of the ice out, which also marks the start to the boating season.  Above the icebreaker is making headway, just outside of Excelsior Bay, towards Tonka Bay Marina by cutting through and breaking apart the ice, helping it melt faster.  Once the ice is out, the first boats back on the water from Tonka Bay Marina will the charter boats starting with Al & Alma's Belle Vista.

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