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For Sale:  Shorewood MLS# 7032563

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Active NEW!
$7,250,000
/mo Edit
Single Family:  1 Story
3 br • 3 ba • Built 1874
1,351 sqft • 2 acres
Minnetonka schools
MLS# 7032563
763-576-8286
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    Property Description

    Rare opportunity to own one of Lake Minnetonka’s private islands offering approximately 1, 841’ of unparalleled lakeshore! Throughout the last 150 years, Gale Island has evolved into a one-of-a-kind compound where generations have gathered to celebrate summers, holidays, and lifelong traditions. The original Summer House was built in 1874 and is among four cabins throughout the 2 acre setting! Beautifully updated throughout the years, each structure tells its own story while maintaining it’s historical charm. The Summer House offers 3 BR/2.5 BA; the Main House 3 BR/2.5BA; the Guest House 2 BR/1BA; and the Tower offers a living area with ½ bath. Properties of this significance rarely become available-- Gale Island offers an opportunity to become the next steward of one of Lake Minnetonka’s historic landmarks! See supplement for additional information. ***Do NOT access the island without prior approval from the Listing Agent. Buyer verification of funds must accompany all showing requests.***

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $7,250,000
    Price per sq ft: $5,366
    Property Type: Single Family
    City: Shorewood
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1874
    State: MN
    Property Style: 1 Story
    Zip Code: 55331

    Interior

    Bedrooms: 3
    Bathrooms: 3
    Finished Area: 1,351 ft2
    Total Fireplaces: 2
    Living Area: 1,351 ft2
    Common Wall: No
    Appliances Included:
    • Dishwasher
    • Dryer
    • Microwave
    • Range
    • Refrigerator
    • Washer
    Fireplace Details: Stone
    Basement Details: None

    Exterior

    Stories: One
    Garage Spaces: 0
    Air Conditioning: Central Air
    Foundation Size: 1,250 ft2
    Handicap Accessible: None
    Out Buildings: Guest House, Other, Second Residence
    Heating System: Forced Air
    Parking Features: None
    Unit Amenities:
    • Ceiling Fan(s)
    • Dock
    • Hardwood Floors
    • Kitchen Center Island
    • Kitchen Window
    Roof Details: Shake

    Rooms

    1/4 Baths: None
    Full Baths: None
    Half Baths: 1
    3/4 Baths: 2
    Dining/Kitchen:
    • Eat In Kitchen
    • Living/Dining Room
    Laundry: Main Level

    Lake & Waterfront

    Waterfront Present: Y
    Waterfront View: Panoramic
    WF Frontage: 1841
    Waterfront: Lake Front

    Lot & Land

    Acres: 2
    Geolocation: 44.920401, -93.565891
    Lot Dimensions: Irregular
    Zoning: Residential-Single Family
    Lot Description: Island/Peninsula

    Schools

    School District: 276
    District Phone: 9524015000

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $23,202
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $23,202
    Association Fee Required: No
    Association Fee: None

    Miscellaneous

    Fuel System: Other
    Sewer System: Private Sewer
    Water System: Well

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Coldwell Banker Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.