Swanson Homes Acquires Orono Estate With 600 Feet Of Lake Minnetonka Shoreline For $8.6M

An Orono estate with 600 feet of Lake Minnetonka shoreline has been sold for nearly $8.6 million, making it one of the top residential sales in the Twin Cities this year. The property, located at 3017 North Shore Drive, is a single-family home with five bedrooms, seven bathrooms, and luxurious amenities. It spans 10,077 square feet and has a price per square foot of $853. The buyer, Swanson Homes, plans to renovate the custom-built home and take advantage of its prime location.

Summary of transaction details

• Property Type: Single Family
• Transaction Amount: $8,600,000
• Address: 3017 North Shore Drive
• Market: Orono, Minnesota

The sale of this Orono estate was facilitated by broker Tim Lovett from Coldwell Banker. His expertise and negotiation skills ensured a successful transaction for both the buyer and seller. The seller, W. Donald Larson, can rest assured that his property found the right buyer who values its unique features and potential.

This sale underscores the desirability of properties with lakefront access and highlights the thriving real estate market in Orono, Minnesota. With its stunning views and ample living space, this Orono estate promises to become an even more luxurious retreat after Swanson Homes completes its renovation plans. The buyer recognizes the value in investing in high-end properties and understands the potential for significant returns.