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Friday, March 19, 2010

City Lakes Too Crowded? Try a Park Instead

Where: 17xx Morgan Ave. South in Minneapolis' Kenwood neighborhood
What: 4 BR/4BA home with 4,337 FSF built in 1925 (and completely renovated since)
When: listed March 8 (11 days on market)
How much: $1.9 million
Who: listed by Mike Nash and Sherrill Kruse (broker: Edina Realty)

Minneapolis doesn't have a Park or Fifth Avenue, where people who "have arrived" live in glorious penthouses.

Instead, it has lakes -- specifically, Lake of the Isles, Lake Calhoun, Cedar Lake and Lake Harriet.

The homes overlooking these lakes are amongst the nicest in the area, and can (still) easily fetch $3 million or more.

(Note: other city lakes include Lake Nokomis, Lake Hiawatha, Brownie Lake, Wirth Lake, Grass Lake, and Diamond Lake. However, homes on these lakes typically don't trip seven figures.)

The only catch -- besides the price tag and property taxes -- is that such lakeside homes come with lots of traffic, particularly in the summer months when everyone else likes to enjoy the lakes, too.

So, a nice alternative to overlooking a lake is overlooking a park -- like the home pictured above.

The park in question, Kenwood Park, is located just north of Lake of the Isles, and about a mile southwest of downtown Minneapolis.

Oh -- and the glorious grounds in back in back of the home -- including an architect-designd summer home -- are just as impressive as the view in front.

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