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48 Groveland Ter Unit 414, Minneapolis, MN, 55403

3beds
3baths
2,220sqft
$840,000
$378price/sqft
$5,880/moest. monthly cost
$235,200/yrincome needed

About This Home

Experience elevated city living in this stunning 3 bed + den, 3 bath residence offering 2,200 square feet of refined space in the heart of Minneapolis. With windows on three sides, this home captures sweeping, unobstructed views of the Walker Sculpture Garden, the treetops of Loring Park, and the downtown skyline — a rare vantage point that truly sets it apart. The thoughtfully designed floor plan offers expansive, open-concept living and dining spaces ideal for both everyday comfort and entertaining. High-end finishes, designer details, and abundant natural light elevate every corner of the home. The private primary suite feels like a retreat, complete with a spa-inspired bath and an oversized walk-in closet with custom storage and dressing-room functionality. Two additional bedrooms and a separate den provide flexibility for guests, a home office, or additional living space, with guest rooms positioned on the opposite wing for added privacy. This is luxury condo living at its finest – sophisticated, spacious, and surrounded by some of the best views the city has to offer.

Getting Around

80
WalkingVery Walkable
61
TransitGood Transit
78
BikeVery Bikeable

Schools

6/10
3/10
North Academy Senior HighGrades 9-121.8 mi

Construction

Condition

  • Year built: 1967

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Refrigerator,Washer
  • Laundry features: In Unit

Basement

  • Has basement: Yes
  • Basement: None

Bedroom

  • Level: Main
  • Area: 132
  • Dimensions: 11x12

Bedroom2

  • Level: Main
  • Area: 165
  • Dimensions: 11x15

Bedroom3

  • Level: Main
  • Area: 138
  • Dimensions: 11.5x12

Bedrooms & Bathrooms

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

Dining Room

  • Level: Main
  • Area: 132.25
  • Dimensions: 11.5x11.5

Family Room

  • Level: Main
  • Area: 194.75
  • Dimensions: 9.5x20.5

Features

  • Finished area below ground: 0
  • Finished area above ground: 2,220

Heating & Cooling

  • Heating features: Baseboard,Hot Water
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,220
  • Total interior livable area: 2,220 sqft

Kitchen

  • Level: Main
  • Area: 184.5
  • Dimensions: 9x20.5

Living Room

  • Level: Main
  • Area: 490
  • Dimensions: 20x24.5

Walk In Closet

  • Level: Main
  • Area: 152.25
  • Dimensions: 10.5x14.5

Property

Accessibility

  • Accessibility features: Accessible Elevator Installed,Soaking Tub

Details

  • Parcel number: 2802924410662
  • Attached to another structure: Yes
  • Zoning description: Residential-Single Family
  • Foundation area: 2220

Features

  • Levels: More Than 2 Stories
  • Private pool: Yes
  • Pool features: Above Ground,Shared

Lot

  • Lot size dimensions: common

Parking

  • Total spaces: 2
  • Parking features: Heated Garage,Underground
  • 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 $4,247$50,964
Home Insurance *$676$8,112
Property Taxes $770$9,240
Electricity $187$2,246
Total$5,880$70,560
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$201,600/yr
40% on housing$176,400/yr
45% on housing$156,800/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

$378This listing

vs Other Active Listings

Avg $/sqft

ZIP 55403$194
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
2026-03-28Listed for sale$950,000

For Sale by Agent

AgentNoelle Vertina
BrokerageKeller Williams Integrity Realty

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