DeanVlahos

Deephaven, Minnesota, Estate of the Day

Filed under: Estates

Luxist reader Dan led me to this story of a fortune falling in Minnesota. Redstone American Grill founder Dean Vlahos had plans to expand his restaurant chain when he fell victim to a Ponzi scheme run by Tom Petters. According to the Star-Tribune article, Petters bilked his investors of more than $3 billion. It's tough luck for Vlahos who dreamed of having a restaurant empire and a $100 million fortune. Now he and his estranged wife, Michelle are seeking combined $33.6 million for their mansion in Deephaven, Minnesota and two others in Palm Beach, Florida. The Minnesota mansion is on Lake Minnetonka with 180+ feet of west-facing sandy lakeshore and a protected boat slip. The property includes a tennis court and an indoor pool. The home has seven bedrooms, a billiard room, wood-paneled office and a dining room with a mural scene. It is listed at $10.9 million.

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[Thanks, Dan]

Gallery: Deephaven, Minnesota