Luxury Lake Minnetonka Estate Sets New Benchmark:
$55 Million Masterpiece in Wayzata, MN

A newly listed estate on Lake Minnetonka is poised to become Minnesota’s most expensive home, with an asking price of $55 million. Located in Wayzata, just 30 minutes west of Minneapolis, this sprawling lakeside property spans approximately 8 acres and boasts 665 feet of west-facing shoreline, offering stunning sunset views.

Unparalleled Luxury in Wayzata Real Estate

The main residence spans over 20,000 square feet and is accompanied by an additional 8,000 square feet across two guest cottages, a pool house, and a boathouse. Designed over two years and built over five, the home was completed in 2024. It offers seamless indoor-outdoor living, floor-to-ceiling windows, and luxury amenities including a bowling alley, billiards room, golf simulator, full bar, wood-paneled study, and multiple lounges. The wellness suite includes a pink Himalayan salt cave, massage rooms, and a fully equipped gym.

Exquisite Craftsmanship and World-Class Materials

The late Robert “Bob” Lothenbach, a Minnesota entrepreneur and racing enthusiast, purchased the main lot for $8.2 million in 2015 and later acquired an additional parcel for $1 million. Lothenbach was closely involved in the design and material selection, opting for $4 million in bulletproof Brombal windows and doors from Italy, $3.5 million worth of Connecticut fieldstones, and $500,000 of Egyptian lime for the exterior. The primary bathroom alone includes $750,000 in Italian marble and a custom-carved 1,400-pound marble tub.

A Milestone for Minnesota Luxury Real Estate

This $55 million estate not only showcases Lake Minnetonka’s status as a luxury hotspot but also establishes a new record for the Minnesota real estate market. If sold at asking price, it would more than double the previous record for a residential sale in the state, set under $20 million.

Explore Luxury Homes for Sale in Wayzata and Lake Minnetonka

If this extraordinary estate has inspired you, our expert team at Kerby & Cristina Real Estate Experts is ready to help you explore more luxury homes for sale in Wayzata, Lake Minnetonka, and across the Twin Cities.

We specialize in high-end properties and offer insider access to some of the most exclusive listings in the area.

Browse Luxury Homes in Wayzata and Lake Minnetonka

Connect with Top Real Estate Agents in the Twin Cities

Navigating luxury real estate requires a trusted, experienced team. Our agents understand the Wayzata and Lake Minnetonka markets and provide a high-touch, results-driven approach to your real estate journey.

Call us at 763-634-0073 or contact us to schedule a private showing.