Cashing in on Proximity to South Harriet Park; Targeting “In-Between” Edina Home Buyers “Ar·bi·trage” \ˈär-bÉ™-ËŒtrazh\ [noun]: the practice of buying something in one place and selling it almost immediately in another place where it is worth more. –Merriam-Webster Dictionary It may not be the conventional definition of “arbitrage,” but something a bit like that is currently happening...Read More
The “Air Force One Theory” of Farmhouses What makes a farmhouse a farmhouse? A. A farmer lives in it (or used to).* B. It’s located on a farm (or was). C. A unique architectural style.** D. All of the above. Correct Answer: “A.” and “B.” Admittedly, you don’t run into many farmhouses in the more...Read More
Riding Mower + Hovercraft + Trowel = Riding Trowel (of course) Except for the part about ramming into each other, the three contraptions pictured above look — and move — a lot like bumper cars. In fact, the devices (called “ride-on power trowels”) can cost up to $40k apiece, and are used in commercial construction to...Read More
Edina New Home Prices Approach $3 Million(!) Want to know what the price ceiling for a new Edina home is today (at least, in white-hot East Edina)? Traditionally, land accounts for 25% to 33% of the total cost of a home, including the land. If the Buyer has a $900k budget for just the land —...Read More
Awkward Name, Great Concept I hate the term “NanaWall”: at least to me, “nana” evokes “nano,” which I associate with tiny or microscopic. But, I love the look: a retractable, folding glass wall that brings the backyard and patio into the home’s first floor. The feature was beautifully showcased at Stephanie Chandler’s listing at 4609 Tower Street in...Read More
The Twin Cities’ “Brooklyn” and “Manhattan?” The Case for Edina’s Country Club Neighborhood Brooklyn has become so hot — and expensive — that the joke in New York is that people who can’t afford to live there should check out cheaper digs in Manhattan. In particular, the Upper East Side now looks like a relative...Read More
