The Twin Cities’ most expensive “for sale” condo: $4.75M corner penthouse at The Landing in Wayzata.

“Top 10” Luxury Condo Listings:  Minneapolis, Wayzata Tie (5 Apiece)

No, the Twin Cities doesn’t have anything rivaling the four-story, 24,000 square foot condo at 220 Central Park South, just purchased by Citadel’s Ken Griffin.

The most expensive condo on the market in Minneapolis: unit 1404 at “Phoenix on the River.” List price is $2.590M.

On the other hand, the most expensive condo currently for sale in the Twin Cities won’t set you back $238 million(!), either.

It’ll “only” cost you $4.75 million.

And asking prices drop steeply from there: a price tag of just $2 million is enough to crack the Twin Cities’ “Top 10” list as of late January (given the local market’s seasonality, you’d expect more listings as Spring approaches).

Upper Bracket Favorite: Wayzata

Tiny Wayzata (population 4,600) ties Minneapolis (population 422,000) for the most number of condos on the “Top 10” list, with five apiece.

Wayzata’s calling cards: high-end shopping, restaurants . . . and Lake Minnetonka.

However, Wayzata arguably gets bragging rights, by virtue of landing four of the top five spots, all concentrated in a handful of new, luxe buildings across from the waterfront, in the heart of the shopping district.

The crown jewel: unit #404 at The Landing (photo, top).

The 5,000 square foot condo features three large balconies, all with views of Lake Minnetonka (photo, right); a corner location on the top floor; 11′ foot ceilings; and, as you might expect at this price, a long list of high-end finishes and amenities.

Lakes Sotheby’s has the listing.

See also, “Real Housewives of the Twin Cities.”

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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