Peter left a comment on the previous post and linked to a very expensive house on Lake Minnetonka. I've included the link again here because from the comment section, I only opened a small window on the site. To look at a 53 mil plus house, I wanted BIG pictures! LOL
As Peter correctly noted, there is a huge range in prices for homes on Minnetonka. Ours is a lot less expensive than this one!! However, on a more sobering note, it appears that pretty much all of the lakeshore on the lake has been developed, and now builders are tearing down anything they can to put up McMansions. The house that went up on our street is a good example: a smaller 40's rambler was torn down and now we have a 5,000 plus square foot house with a price tag of $1.8 million. A more modest home more in keeping with current home sizes and price tags would have been a kinder, more neighborly option, but I guess we will be seeing a lot more of this in the coming years. Makes me sad.
Several communities in the Twin Cities are putting limits on how big a house you can squeeze into an existing neighborhood - which I hope our city will think about in the near future. But at some point, a lot of people will be leaving the lake because the taxes will be outrageous even on their small homes. I have to say that this is a song we heard 30 years ago when we moved out here, so maybe things aren't changing all that much...time will tell.
My prediction for the house we linked is that it will be bought by a developer - 12 acres on this lake is a very nice package - and that house will be history. I'll let you know what happens.