LakeMinnetonka

Pillsbury Estate To Be Sold At Auction

Filed under: Estates

When this estate first went up for sale for an astronomical $53.5 million in 2007 many wondered if it would sell. Two years have passed and now Southways, a Minnesota mansion on Lake Minnetonka will be sold at auction. The 32,400-square-foot-main house was designed in 1916-1918 by Harrie T. Lindberg and was used by the Pillsbury family until the early 1990s. On December 9, Sheldon Good & Company will offer the home for sale in a sealed bid auction. The 13 acre estate can be purchased in its entirety or as separate waterfront sites (five different parcels). The estate includes seven structures including a caretaker's cottage/greenhouse, garage, pool complex, smoke room and tea house. How much it will sells for is anyone's guess but I'd speculate it will be under half of the original asking price.

[Thanks, Spectacular Bid!]

Gallery: Southways Estate

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Tags: estate of the day, EstateOfTheDay, lake minnetonka, LakeMinnetonka, minnesota, pillsbury, sheldon good, SheldonGood, southways

Deephaven, Minnesota, Estate of the Day

by Deidre Woollard (RSS feed) —

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.

Experience more lush living in luxury homes and mansions or see the stars living large with celebrity homes galleries at AOL Real Estate.

[Thanks, Dan]

Gallery: Deephaven, Minnesota