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1505 Neal Avenue Ct N, Lake Elmo, MN, 55042

7beds
8baths
13,447sqft
$2,495,000
$186price/sqft
$16,873/moest. monthly cost
$674,920/yrincome needed

About This Home

Extraordinary St. Croix Valley Executive Estate... Set at one of the highest elevations in Washington County, this French Chateau inspired estate offers sweeping panoramic views of the St. Croix Valley, including Hudson, Afton, Woodbury, and Lake Elmo. Situated on a private 3.62-acre wooded cul-de-sac lot, it combines privacy with convenience -just 15 minutes to downtown St. Paul and 25 minutes to Minneapolis. This 7-bedroom, 8-bathroom home showcases quality craftsmanship throughout, including full-bed-depth St. Croix limestone, soaring 10 to 22-foot ceilings, five fireplaces, and extensive custom millwork and cabinetry. The gourmet kitchen features Wolf and Sub-Zero appliances, a large pantry, and opens seamlessly to the main living spaces - ideal for both daily living and entertaining. Walk-in closets with built-in organization systems are found throughout. The primary suite offers a private retreat with dual walk-in closets, its own dedicated laundry room, and a spa-style bath with in-floor heat. Additional highlights include a cherry box-and-beam office, Brazilian cherry hardwood floors, travertine and tile baths, a private theater room, and a sauna. A separate 1350 sq foot nanny or in-law apartment above the garage includes its own entrance and full kitchen. A 41' x 41' indoor gymnasium with 18-foot ceilings, basketball hoop, and climbing wall provides a rare recreational feature. The attached 5-car garage includes Level 2 EV charging. This home also features an elevator shaft for future installation. The property also includes a newly constructed (2023) 1,824 sq ft outbuilding with cement floor, vehicle lift, and rough-in for in-floor heat - ideal for storage, workshop use, or recreational equipment. A lofted upper level adds additional flexibility. Energy-efficient features include a 38 kW solar system that significantly offsets utility costs, zoned heating and cooling with air source heat pump, in-floor heat, Andersen windows, and upgraded insulation throughout. Outdoor living is enhanced by a maintenance-free Trex deck positioned to capture the surrounding views. The property also includes room for a future pool and landscaping, offering additional opportunity to customize.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

6/10
6/10
Oak-Land Middle SchoolGrades 6-81.3 mi
10/10

Construction

Condition

  • Year built: 2012

Materials

  • Roof: Age Over 8 Years,Architectural Shingle,Asphalt,Pitched
  • Construction materials: Brick,Concrete,Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Dishwasher,Double Oven,Dryer,Exhaust Fan,Water Filtration System,Microwave,Range,Refrigerator,Stainless Steel Appliance(s),Washer,Water Softener Owned
  • Laundry features: Laundry Room,Main Level,Upper Level,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Drain Tiled,Finished,Full,Concrete,Storage Space,Sump Basket,Sump Pump,Walk-Out Access

Bedroom

  • Level: Main
  • Area: 323
  • Dimensions: 19x17

Bedroom2

  • Level: Upper
  • Area: 625
  • Dimensions: 25x25

Bedroom3

  • Level: Upper
  • Area: 360
  • Dimensions: 20x18

Bedroom4

  • Level: Upper
  • Area: 342
  • Dimensions: 19x18

Bedroom5

  • Level: Upper
  • Area: 380
  • Dimensions: 20x19

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 8
  • Full bathrooms: 6
  • 1/2 bathrooms: 2

Dining Room

  • Level: Main
  • Area: 209
  • Dimensions: 19x11

Features

  • Number of fireplaces: 5
  • Fireplace features: Double Sided,Brick,Circulating,Family Room,Gas,Living Room,Primary Bedroom,Stone,Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 4,200
  • Finished area above ground: 8,769

Guest Room

  • Level: Upper
  • Area: 676
  • Dimensions: 26x26

Heating & Cooling

  • Heating features: Boiler,Forced Air,Fireplace(s),Hot Water,In-Floor Heating,Zoned
  • Cooling features: Central Air,Dual,Zoned

Informal Dining Room

  • Level: Main
  • Area: 270
  • Dimensions: 18x15

Interior Area

  • Total structure area: 13,447
  • Total interior livable area: 13,447 sqft

Kitchen

  • Level: Main
  • Area: 400
  • Dimensions: 25x16

Living Room

  • Level: Main
  • Area: 1100
  • Dimensions: 44x25

Media Room

  • Level: Lower
  • Area: 676
  • Dimensions: 26x26

Office

  • Level: Main
  • Area: 357
  • Dimensions: 21x17

Other

  • Level: Lower
  • Area: 1681
  • Dimensions: 41x41

Primary Bathroom

  • Level: Main
  • Area: 414
  • Dimensions: 23x18

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 2902920320007
  • Zoning description: Residential-Single Family
  • Foundation area: 4678

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Patio & porch: Composite Decking,Deck

Lot

  • Lot size: 3.62 Acres
  • Features: Irregular Lot,Tree Coverage - Light
  • Lot size dimensions: 355 x 220 x 320 x 251 x 325

Parking

  • Total spaces: 9
  • Parking features: Attached,Driveway - Other Surface,Electric,Electric Vehicle Charging Station(s),Garage,Garage Door Opener,Heated Garage,Insulated Garage,Multiple Garages
  • Has garage: Yes
  • Attached garage spaces: 9
  • Covered spaces: 9
  • 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

  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Cold Wave
Hail
Lightning
Winter Weather

FEMA Declared Disasters in Washington 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 $12,616$151,392
Home Insurance *$1,169$14,028
Property Taxes $1,954$23,448
Electricity $1,134$13,609
Total$16,873$202,476
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$578,502/yr
40% on housing$506,190/yr
45% on housing$449,946/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: 11.6%
11.6%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$186This listing

vs Other Active Listings

Avg $/sqft

ZIP 55042$239
Washington County$199

vs Homes Sold Last Month

Median $/sqft

ZIP 55042$237
Washington County$201

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
2026-04-20Listed for sale$2,950,000
2021-01-22Listing removed--
2021-01-21Listed for sale$2,995,000
2015-09-22Listing removed$2,950,000
2015-04-10Listed for sale$2,950,000

For Sale by Agent

AgentJoel Anderson
BrokerageCounselor Realty, Inc

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