Minnesota’s real estate scene is a captivating blend of serene lakefront properties and upscale urban living. Known as the Land of 10,000 Lakes, the state offers breathtaking homes nestled along pristine waters, especially around Lake Minnetonka and the Brainerd Lakes area. In Minneapolis and St. Paul, luxury condos and historic mansions reflect both modern sophistication and timeless Midwestern charm.
Whether it’s a secluded estate in the woods or a sleek penthouse downtown, the high-end market here is quietly extravagant. Let’s dive into the five most expensive homes in Minnesota, where elegance meets natural beauty.
5. Excelsior, MN – $2,650,000
In the Baycliffe community, this 7,626-square-foot residence with 5 bedrooms and 5 bathrooms sits on a former carriage house once part of the George VanDusen family estate. Renovated between 2022 and 2024, the home features new Duchateau hardwood flooring, carpet, roof, ventilation system, insulation, paint, and lighting throughout.
The property includes English gardens, a driveway with a central fountain, and additional water features reflecting its historic roots. Residents have access to docks, a private beach, and tennis and pickleball courts. The home includes a 2023-installed boat lift system and is listed at $2,650,000.
Where is Excelsior?
Set along the southern shore of Lake Minnetonka, Excelsior, Minnesota, is a small city located southwest of Minneapolis. It has a historic downtown area with shops, restaurants, and a public pier. The city hosts community events and provides access to boating and lakefront activities. Excelsior is part of the Minnetonka School District and is served by regional roadways. It operates under a council–manager form of government.
Living Room
Stone walls surround the living room, where a carved fireplace anchors one end and a mix of leather, fabric, and wood furnishings form a central seating area. Located in the lower level of the home, this space offers a grounded and enclosed feel, with small windows that bring in views of the trees outside. Neutral tones in the rug, furniture, and curtains soften the rough stone texture. Recessed lighting in the ceiling provides illumination without disrupting the rustic surfaces.
Kitchen
Beamed ceilings run across the kitchen, where a curved breakfast bar faces rows of white cabinetry and vintage-style appliances. Built into the core of the home, this kitchen combines stone walls with painted cabinets and wood counters for a layered look. A long counter runs beneath the window, with shelves above for everyday storage. Tiled floors and iron-framed stools tie the materials together.
Dining Area
Wood beams stretch across the ceiling of the dining room, where a rectangular table is centered beneath a row of drum pendant lights. Set beside the kitchen and framed by archways, this dining space balances stone flooring with white walls and black-framed chairs. A wide textured window spans the back wall, dividing the room visually without closing it off. Neutral-toned chairs mix with wood finishes throughout.
Sunroom
Glass walls and skylights define the sunroom, where four dark-framed chairs gather around a round table. Positioned just off the main house, this space blends indoor comfort with outdoor views of the patio and garden. A patterned rug softens the stone floor, while a geometric window design brings focus to the back wall. Potted plants and natural light give the room an open feel.
Patio
Outdoor patio includes a long dining table placed beneath a white pergola with string lights suspended overhead. Connected to the rear of the home, this area also features a large built-in fireplace with stone detailing and stacked firewood. The surrounding stone wall creates an enclosed perimeter, adding privacy and texture. Cushioned chairs and lanterns make the space ready for dining and gathering…