Mention Lake Minnetonka real estate and your listeners will conjure up images of lakeshore luxury estates with 100+ feet of prime (that means “expensive”) sandy Minnesota lakeshore that is priced out of reach for the average middle class citizen. Well, I am here to tell you that the real estate bubble is burst and times have changed. How so? Realistic real estate pricing is here, thanks to the presence of a handful of Lake Minnetonka short sales. Time it right (that means right now!) and you might find your dream lakeshore property in Orono, Wayzata, Mound, Minnetrista, and even Excelsior.
See some Lake Minnetonka short sales that are currently listed on the Northstar Regional MLS/IDX system: (If you do not see thumbnails below, it may be because there are not any available on the MLS system. Call us so we can help you find one.
Lake Minnetonka Short Sales Won’t Be Around Forever
Be forewarned; there aren’t very many Lake Minnetonka short sales listings available, and I would not expect their numbers to swell anytime soon. The luxury market is surprisingly strong in spite of the economic downturn, and most Minnesotans are acutely aware of the fact that Minnesota lakeshore, especially Lake Minnetonka lakeshore, gains value over the long haul, and still is one of the best long term investments you can make. There are no secrets in real estate, and these Lake Minnetonka short sales listings are seeing action. This is a window of opportunity for you to seize the lake property of your dreams, but it might not remain open very long. Since these are short sales, you know that they are selling under value, and they are priced right. Lenders are willing to deal on all short sale listings these days, and those crazy suits sitting in glass high-rises in Chicago and New York are clueless about what a fabulous investment Lake Minnetonka lakeshore really is.
Photo courtesy of Reese Imaging.