Twin Cities’ most-expensive home sale in August sold for $5.8 million

Written by: Alyxandra Sego, Minneapolis / St. Paul Business Journal

The most expensive Twin Cities home sale in August took place in Orono at 1105 Tonkawa Road, which sold for $5.8 million.

The home sold in a cash deal that closed Aug. 30, according to a certificate of real estate value.

The Lake Minnetonka home was built in 2021 on a 1-acre lot that sold in 2019 for $1.6 million, according to Hennepin County property records. The home includes 166 feet of shoreline between Maxwell Bay and North Arm, according to its listing from Jon Arne with Coldwell Banker Realty.

The 4,800-square-foot home has four bedrooms and five bathrooms and was designed by Excelsior-based architect Mike Sharratt. 

The home features luxury amenities such as a chilled wine room, a saltwater pool with an automatic cover, a sauna and a large garage that doubles as a sports court. Additionally, the home is equipped with household appliance brands such as Sub-Zero, Wolf and Miele.

With an estimated market value of $3.2 million, the home was charged over $36,600 in 2024 property taxes.

The sale is $1 million pricier than the most expensive home that sold in July. 

Here is a list of the 10 priciest home sales recorded in August:

• $5.8 million – 1105 Tonkawa Road, Orono
• $4.93 million – 5230 Meadville St., Greenwood                   
• $3.62 million – 4901 Sunnyslope Road E, Edina                   
• $3.45 million – 34 Peninsula Road, Dellwood                                 
• $3.4 million – 2698 Meadow Vista Way, Afton                             
• $3.3 million – 7375 Inwood Way N, Grant                                      
• $3.25 million – 925 Excelsior Blvd., Excelsior                    
• $3.04 million – 330 South Wise, Wayzata                                           
• $2.79 million – 3026 Highland Blvd., Mound                      
• $2.75 million – 9255 County Road 6, Independence  

This monthly roundup is compiled from certificates of real estate values reporting single-family home sales across 13 metro counties: Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Le Sueur, Mille Lacs, Ramsey, Scott, Sherburne, Washington and Wright. Additional property details come from county records, the listing brokerage, and online residential real estate platforms such as Zillow and Realtor.com.