The most expensive home in Minnesota was just reduced by $3,000,000.

If you are not familiar with this area of MN, please see our feature on Lake Minnetonka homes.

This Lake Minnetonka home, previously listed at $18M has been reduced to $14,900,000 for a quick sale. My guess is that the price reduction will most likely cause a bidding war between a handful of “flippers.” You know the drill – refi at closing - pull $3M in equity out, slap some paint on it, mow the lawn, and relist at $19,500,000. In and out in 30 days. If you are interested in getting in on the action – let us know, we would be happy to represent you - or just use LakePlace.com to check out the entire Lake Minnetonka lake home market.