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The state Court of Appeals has partly reversed a District Court ruling that the owners of a Lake Minnetonka house had no say in the placement of a public dock on their own property that juts in front of their lakeshore.
Steven Schussler, who created the Rainforest Cafe chain, and his wife, Sunhi Ryan-Schussler, sued the city of Minnetonka Beach over the dock, which extends at a 45-degree angle across the water in front of their lakefront house. The Schusslers say it interferes with their use of the lake and their ability to build their own dock there.
The 4 Minnesota Cities Where Home Prices Average $1 Million
If you live in one of these four Minnesota cities, congratulations you re a millionaire!
Well, maybe YOU aren t necessarily a millionaire, but if you live in one of these four Minnesota cities, your house is probably a millionaire. because according to Zillow, for the first time, average home prices in these four cities top one million dollars.
Yeah, that s pretty expensive, isn t it? I mean, if you watch any of those real estate shows on HGTV like House Hunters (which my wife and I do ALL. THE. TIME.) you routinely see couples have a budget of over a million dollars (which seems like they re inflating things a bit, if you ask me) but here in Minnesota it s not as common.
The Twin Cities’ top home sale of 2020, ringing in at $8.295 million, is a five-bedroom, six-bath, 8,069-square-foot custom home completed in 2018 at 20760 Linwood Road in Deephaven and boasting more than 100 feet of Lake Minnetonka waterfront. (Photo: Anne Bretts/Special to Finance & Commerce)
As we prepare to bid 2020 goodbye and good riddance, there are a few areas to celebrate. One of them has been the remarkable resiliency of the housing market. Stalled for a few weeks when COVID-19 first hit last spring, sales roared back.
“The real driver was interest rates,” said John T. Wanninger of Lakes Sotheby’s International Realty. Low interest, coupled with families trying to work, play and study in the same place has encouraged buyers to buy big homes and add amenities.