Updated Oct 29, 2024
WinterRock Holdings Acquires Kyle Rudolph's Lake Minnetonka Estate For $13.5M
Lake Minnetonka
$13,500,000
Building Size
—
Asset Type
Single Family Residence
Closing
Jul 24, 2023
About this deal
AI
The former estate of Minnesota Vikings tight end Kyle Rudolph and his wife has been sold for a record-breaking price of $13.5 million in Lake Minnetonka. WinterRock Holdings, LLC purchased the property, which spans 4.95 acres and features a home built in 2019 on Maxwell Bay.
Summary of transaction details
- Property Type: Single-Family Residence
- Transaction Amount: $13,500,000
- Market: Lake Minnetonka
- Acres: 4.95
WinterRock Holdings, LLC acquired the property from Jordan and Kyle Rudolph, marking the highest home sale in the Lake Minnetonka region since 2016. The buyer was represented by Andrew Spilseth and T. Cody Turnquist from Compass, while the seller was represented by Jeffrey Dewing from Coldwell Banker.
On the Map
$13,500,000
Single Family Residence
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93