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$4,995,000
Est. payment /mo
12.09 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7135757
Year Built 1900
Annual Tax Amount $12,413
Tax Year 2026
Contingent None
Lot Size 12.090 Acres
Lot Dimensions 511' x 876' x 600' x 1011'
Property Description
Last traded in the 1940s, this is a generational opportunity to own one of the few remaining, subdividable, lakefront, acreage estates on recreational water, within the Twin Cities Metro. At this serene site, it feels like you're hours outside of a city center, yet you're only 15 minutes from the 494 loop, set within the award winning, Orono School District. Carve out your dream on a property that has no covenants, restrictions, or HOAs. The property features 12+ acres, 600+' of frontage on Lake Independence, and ideal topography with significant, flat, usable land at the lake grade which extends in approximately 100' before the hill takes you up to higher ground where the potential build configurations and combinations are endless. Subdivide and sell, create a family compound, start your family farm, or imagine an equestrian estate, residence, and lakefront cabin all-in-one. This property can be split in half creating two, approximately 6 acre lots, each with 300' of lake frontage, without a variance. City sewer and water is currently just south of Pagenkopf. If and when it extends to Pagenkopf, the dynamics related to minimum lot size would change (see the Bridgevine development just east of the subject).
Location
State MN
County Hennepin
Zoning Other
Body of Water Independence
Lake Name Independence
Interior
Inclusions None
Fireplace No
Exterior
Garage Spaces 2.0
Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected
Waterfront Description Lake Front
View Y/N North
View North
Road Frontage N
Schools
School District Orono
Others
Restrictions Open
Virtual Tour https://player.vimeo.com/video/1231351972
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Listed by Nick Leyendecker • Leyendecker Realty
Nearby Locations
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Ingrid Friel
Residential Realtor License ID: 40213017
Residential Realtor License ID: 40213017