For Sale: Independence MLS# 7135757
Active
NEW!
$4,995,000
Lot/Land: Lot/Land
Built 1900
12.09 acres
Orono schools
MLS# 7135757
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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 own 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 a 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 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).
Listing
Listing Status:
Active
Contingency:
None
List Price:
$4,995,000
Property Type:
Lot/Land
City:
Independence
Garage Spaces:
2
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Lot/Land
Zip Code:
55359
Exterior
Garage Spaces:
2
Lake & Waterfront
Waterfront Present:
Y
Waterfront View:
North
WF Frontage:
600
Waterfront:
Lake Front
Lot & Land
Acres:
12.09
Geolocation:
45.019791, -93.657098
Inclusions:
None
Lot Dimensions:
511' x 876' x 600' x 1011'
Restrictions:
Open
Zoning:
Other
Farm
Topography:
Gently Rolling
Schools
School District:
278
District Phone:
9524498305
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$12,413
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$12,413
Association Fee Required:
No
Association Fee:
None
Taxable Acres:
12.09
Miscellaneous
Development Status:
Raw Land
Improvements:
None
Available Utilities:
- Electricity Available
- Electricity Connected
- Natural Gas Available
- Natural Gas Connected
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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!
Listing provided by RMLS,
courtesy of Leyendecker Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.