See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

1724 Summit Ave, Minneapolis, MN, 55403

4beds
7baths
7,709sqft
$1,655,000
$215price/sqft
$12,501/moest. monthly cost
$500,040/yrincome needed

About This Home

Architectural masterpiece in the heart of the Lowry Hill neighborhood, just one block from Kenwood Park and the prestigious Lake of the Isles. This exceptional 4-bedroom, 7-bath home is defined by timeless craftsmanship, stunning mahogany woodwork, and expansive, light-filled spaces. Situated on a gated corner lot at Summit and Knox Avenues, the main level features a luxurious living room with rich mahogany detailing, three fireplaces, a light-filled dining room showcasing elegant woodwork, and a spacious second living area with vaulted ceilings, custom cabinetry, and versatile design for entertaining or everyday living. A sunroom bathes the space in natural light, creating an inviting nook perfect for morning coffee, reading, or relaxing in luxury. The refined main-floor office offers abundant light, sophisticated finishes, and a conveniently connected half bath. An oversized, functional kitchen and seamless access to outdoor spaces enhance the home’s already expansive entertaining possibilities. The stunning grand staircase leads to upper-level bedrooms, each with an ensuite bath, highlighted by an expansive primary suite featuring a connected bathroom and a large walk-in closet with a separate exit. The third level offers a flexible suite with a bedroom, bath, and living space—ideal for a live-in nanny, multi-generational living, growing children, or creative use. The lower level is designed for leisure and entertainment, boasting a handcrafted bar, climate-controlled wine cellar, amusement room, and a glass-walled exercise room ready for your personal gym. Premium commercial-grade fiber and an interconnected home electronic system provide modern 21st-century convenience, while a fenced backyard and spacious, attached garage complete this private oasis. Combining elegance, functionality, and an unrivaled location, this home delivers an extraordinary living experience just minutes from downtown, the airport, and major freeways.

Getting Around

34
WalkingCar-Dependent
48
TransitSome Transit
80
BikeVery Bikeable

Schools

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

Construction

Condition

  • Year built: 1907

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Laundry features: Upper Level

Basement

  • Has basement: Yes
  • Basement: Finished,Full

Bedroom

  • Level: Upper
  • Area: 252
  • Dimensions: 18 x 14

Bedroom2

  • Level: Upper
  • Area: 238
  • Dimensions: 17 x 14

Bedroom3

  • Level: Upper
  • Area: 143
  • Dimensions: 13 x 11

Bedroom4

  • Level: Third
  • Area: 297
  • Dimensions: 27 x 11

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 7
  • Full bathrooms: 2
  • 3/4 bathrooms: 3
  • 1/2 bathrooms: 2

Dining Room

  • Level: Main
  • Area: 252
  • Dimensions: 18 x 14

Exercise Room

  • Level: Lower
  • Area: 143
  • Dimensions: 13 x 11

Family Room

  • Level: Main
  • Area: 396
  • Dimensions: 22 x 18

Family Room

  • Level: Lower
  • Area: 533
  • Dimensions: 41 x 13

Features

  • Number of fireplaces: 3
  • Fireplace features: Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 1,764
  • Finished area above ground: 5,875

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 7,709
  • Total interior livable area: 7,709 sqft

Kitchen

  • Level: Main
  • Area: 360
  • Dimensions: 20 x 18

Living Room

  • Level: Main
  • Area: 663
  • Dimensions: 39 x 17

Office

  • Level: Main
  • Area: 182
  • Dimensions: 14 x 13

Other

  • Level: Lower
  • Area: 198
  • Dimensions: 18 x 11

Other

  • Level: Lower
  • Area: 130
  • Dimensions: 13 x 10

Sun Room

  • Level: Main
  • Area: 350
  • Dimensions: 35 x 10

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 2802924340109
  • Zoning description: Residential-Single Family
  • Foundation area: 1864

Features

  • Levels: More Than 2 Stories
  • Fencing: Full

Lot

  • Lot size: 10,454 sqft
  • Lot size dimensions: 77 x 135

Parking

  • Total spaces: 2
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Hail
Heat Wave
Tornado

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 $8,368$100,416
Home Insurance *$1,332$15,984
Property Taxes $2,151$25,812
Electricity $650$7,802
Total$12,501$150,012
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$428,605/yr
40% on housing$375,030/yr
45% on housing$333,360/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

$215This listing

vs Other Active Listings

Avg $/sqft

ZIP 55403$201
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
2026-04-11Listed for sale$1,795,000
2025-09-18Listing removed$1,850,000
2025-06-06Pending sale$1,850,000
2025-02-22Listed for sale$1,850,000
2024-06-07Listing removed--
2023-09-29Listed for sale$1,995,000
2022-04-27Listing removed--
2022-02-14Price change$1,900,000
2021-08-11Listed for sale$2,250,000
2016-08-24Sold$1,850,000
2016-05-20Listed for sale$1,975,000
2008-10-07Listing removed$2,695,000
2008-09-13Listed for sale$2,695,000

For Sale by Agent

AgentJesse A Hendricks
BrokerageEdina Realty, Inc.

Similar Homes