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510 Groveland Ave #304, Minneapolis, MN, 55403

2beds
3baths
2,533sqft
$1,495,000
$590price/sqft
$10,345/moest. monthly cost
$413,800/yrincome needed

About This Home

Where History and Modernity Converge: Apartment 304 at 510 Groveland A rare opportunity awaits in one of Minneapolis’s most iconic residences. Apartment 304 at 510 Groveland is the result of a visionary renovation that combined two former units—304 and 310—along with reclaimed hallway space, into a seamless, double-corner residence. Rebuilt from the studs in 2014 by Welch Forsman and further refined in 2022, this exceptional home offers a graceful union of historic character and modern sophistication. With windows on three sides, the apartment is bathed in natural light throughout the day. Views extend across the neighborhood and toward the downtown skyline, offering a striking urban backdrop from the kitchen and entertaining spaces. The interiors are crisp and contemporary, defined by white walls, cabinetry, and ceilings that create a serene, gallery-like atmosphere. Nearly all lighting has been upgraded to designer fixtures, with the notable exception of the original chandelier preserved in the primary suite—a quiet tribute to the building’s 1920s origins. At the heart of the home is a chef’s kitchen designed for beauty and performance. Sub-Zero, Wolf, and Asko appliances are paired with Dornbracht fixtures, a beverage fridge, and an oversized island that anchors the space. The adjacent dining and lounge areas flow naturally, framed by elegant double doors that offer flexibility and privacy for entertaining. Rich Italian herringbone hardwood floors and custom millwork run throughout, while the living room features a pressure-fitted wood ceiling for added architectural interest. A Lutron-controlled lighting system and whole-home audio elevate the daily living experience, and custom built-ins provide discreet, integrated storage across every room. Both bedrooms are tucked away from the main living areas, creating quiet, private retreats. The primary suite features a rare wood-burning fireplace and a custom walk-in closet. Its ensuite bath, clad in marble, includes heated floors, a curbless walk-in shower, soaking tub, and double vanities illuminated by natural light. The guest suite is equally refined, with a generous footprint, ample closet space, and a private bath finished in timeless materials and neutral tones. A separate powder room near the main living area adds further convenience without compromising the privacy of the bedroom suites. 510 Groveland continues to distinguish itself through both historic charm and forward-thinking stewardship. Recent capital improvements include full window replacement in 2019, roof replacement and tuck-pointing in 2020, a major drainpipe lining project in 2023, LED lighting retrofits, and ongoing common area renovations including new hallway carpet and repainting throughout 2024 and 2025. These updates ensure long-term reliability and mechanical efficiency while preserving architectural integrity. Residents enjoy 24/7 front desk service and an on-site caretaker, along with well-maintained fitness and laundry rooms. The garage includes a car wash bay and secure bike storage with an air pump. A fenced west lawn offers outdoor relaxation, and a private rooftop terrace recently opened with stunning views of the Minneapolis skyline—the paid membership is already included and transferable. Additional private storage is also included. As a unique benefit, residents enjoy a discount at PS Steak, located conveniently on the building’s first floor. Apartment 304 is more than a home—it is a carefully curated living experience in one of Minneapolis’s most storied and sought-after addresses. Every element, from its bespoke interiors to its enduring architectural framework, reflects a commitment to design, craftsmanship, and livability. This is a residence to be experienced—and cherished—for generations.

Getting Around

89
WalkingVery Walkable
67
TransitGood Transit
87
BikeVery Bikeable

Schools

6/10
3/10
North Academy Senior HighGrades 9-122.0 mi

Construction

Condition

  • Year built: 1927

Materials

  • Roof: Composition
  • Construction materials: Frame

Type & Style

  • Home type: Condo
  • Property subType: (CC) High Rise (4+ Levels)

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Exhaust Fan,Freezer,Humidifier,Water Filtration System,Range,Refrigerator,Stainless Steel Appliance(s),Washer,Wine Cooler
  • Laundry features: Electric Dryer Hookup,Laundry Room,Main Level,In Unit,Washer Hookup,Coin-op Laundry Owned

Basement

  • Basement: None

Bedroom

  • Level: Main
  • Area: 322
  • Dimensions: 23x14

Bedroom2

  • Level: Main
  • Area: 195
  • Dimensions: 15x13

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 3
  • Full bathrooms: 1
  • 3/4 bathrooms: 1
  • 1/2 bathrooms: 1

Dining Room

  • Level: Main
  • Area: 234
  • Dimensions: 18x13

Family Room

  • Level: Main
  • Area: 252
  • Dimensions: 18x14

Features

  • Number of fireplaces: 1
  • Fireplace features: Primary Bedroom,Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 2,533

Foyer

  • Level: Main
  • Area: 105
  • Dimensions: 15x7

Hearth Room

  • Level: Main
  • Area: 252
  • Dimensions: 18x14

Heating & Cooling

  • Heating features: Forced Air,In-Floor Heating,Zoned
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,533
  • Total interior livable area: 2,533 sqft

Kitchen

  • Level: Main
  • Area: 204
  • Dimensions: 17x12

Laundry

  • Level: Main
  • Area: 48
  • Dimensions: 8x6

Living Room

  • Level: Main
  • Area: 320
  • Dimensions: 20x16

Primary Bathroom

  • Level: Main
  • Area: 128
  • Dimensions: 16x8

Walk In Closet

  • Level: Main
  • Area: 47.5
  • Dimensions: 9.5x5

Property

Accessibility

  • Accessibility features: Accessible Elevator Installed,No Stairs Internal

Details

  • Parcel number: 2702924320296
  • Attached to another structure: Yes
  • Zoning description: Residential-Single Family
  • Foundation area: 2533

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Other

Lot

  • Lot size: 1,176 sqft
  • Features: Irregular Lot
  • Lot size dimensions: Common

Parking

  • Total spaces: 2
  • Parking features: Assigned,Attached,Shared Driveway,Garage Door Opener,Guest,Heated Garage,Insulated Garage,Secured,Underground
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado
Hail
Strong Wind
Winter Weather

FEMA Declared Disasters in Hennepin County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $7,559$90,708
Home Insurance *$1,203$14,436
Property Taxes $1,370$16,440
Electricity $213$2,563
Total$10,345$124,140
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$354,685/yr
40% on housing$310,350/yr
45% on housing$275,866/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 0.2%
0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$590This listing

vs Other Active Listings

Avg $/sqft

ZIP 55403$185
Hennepin County$211

vs Homes Sold Last Month

Median $/sqft

ZIP 55403$196
Hennepin County$207

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-26Listed for sale$1,495,000
2026-04-21Pending sale$1,495,000
2026-03-20Listed for sale$1,495,000
2025-10-30Listing removed$1,495,000
2025-08-21Listed for sale$1,495,000
2025-07-03Listing removed$1,495,000
2025-05-29Listed for sale$1,495,000
2022-04-27Sold$1,300,000
2022-03-08Pending sale$1,450,000
2022-01-21Listed for sale$1,450,000
2021-12-13Listing removed--
2020-12-01Listed for sale$1,550,000

For Sale by Agent

AgentShane Spencer
BrokerageColdwell Banker Realty - Lakes

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