According to the MLS there are 94 homes in the Lake Minnetonka area that have been on the market for a combined 365+ days. Prices range from $522,900 to $53,500,000. This represents $189,612,750 in what is often thought as prime real estate here in the Twin Cities.
I have selected what I think are the top 10 deals out of these 94 homes. Prices range from $522,900 to $1,950,000. These 10 homes represent a total marketing time of 6,283 days, with the longest one being on the market for a combined 1161 days and the shortest at 410 days. The total price reduction of all 10 homes stands at a staggering $7,722,500, with the biggest drop at over $1.1M and the smallest price drop at $472,100.