I guess the housing market is starting turn to turn around, especially if you’re a Spanish Mediterranean-style home on Lake of the Isles that just sold for $4.859 million. Dang, I may be misremembering this, but I think I nearly bought that a year ago for a buck and some change.
- MNSpeak
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- Lake of the Isles home sale sets price record
15 Reader Comments
1:02 pm
Not having RTFA, is that the Paul Magers house that’s been on the market since he left for El Lay?
1:14 pm
Nope. It’s super-couple Tom & Angie Wicka’s house.
1:43 pm
Right near Magers’ house though. And Josh Hartnett’s house too.
1:46 pm
looks like the price more than doubled between 1990 and 2004. Pretty typical growth for that period.
http://www.pbase.com/mmingo/image/62690583
1:50 pm
Oh, heck, you could’ve bought under $500k in 1988! That seems so cheap now, for the location, doesn’t it?
1:56 pm
I was a senior in HS in 1988, making $800 per summer working at a camp. Would have been tough.
2:14 pm
I love that house. Whish I were the secret buyer.
Or am I?
2:16 pm
I need to get into the direct mail and printing business.
2:21 pm
Let me see $500,000 at $800 a year, you would have it paid of in…
I am guessing the property taxes alone are more than my house cost me.
2:31 pm
The house was a mess back in ‘88 – much refurb since then.
2:43 pm
I always think of this house as the ‘kite house’. Back in ‘91 or ‘92 I used to bike by that house on my way to work. As a scruffy long hair on a scavenged bike I looked but a step above homeless.
One day as I was biking by, I saw a flash of red in the trash and decided to stop and dig around. Turns out it was a beautiful dragon kite of about 15 feet, made up of swaths of bright fabric. I wasn’t going to let that landfill. As I was packing it into by bag a little girl came walking across the lawn and looked at me oddly and a bit sadly from the other side of the fence. I asked “Is this your kite?”, worried that I was taking something she did not really want to get rid of.
Before she could answer, the mother- dutiful sentinel on that great raised patio caught sight of us. “XXXX- get away from him right now!!!” she yelled, jumping to her feet. The girl ran away.
The kite is hung now in my porch and I fly it with my daughter who is now about the same age.
ASK
3:01 pm
And in St. Paul? The record is $2.15 million in 2007.
Wow. I’m shocked nothing on Summit Ave. has ever sold for more than that.
3:03 pm
I too was surprised how low those numbers were. I assumed there was a $5 million condo floating around somewhere.
4:31 pm
Love the story about the bum going through the rich person’s garbage. Unexpectedly happy ending!
6:19 pm
Huh. I would have thought the Mpls record was higher. There are some pretty insane houses around Lake of the Isles that I can see going for far more than that in the coming years. Out of curiousity what’s the state record. I didn’t RTFA.