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2950 Dean Pkwy #1903-4, Minneapolis, MN, 55416

4beds
3baths
4,075sqft
$1,395,000
$342price/sqft
$9,590/moest. monthly cost
$383,600/yrincome needed

About This Home

Presenting The Premier Lake Point Penthouse Residence! This is a truly one-of-a-kind home and is an absolute wow! Two highly desirable corner units have been combined to create the pinnacle of elegance with views from every room that will take your breath away. Bde Mka Ska, Cedar Lake and Lake of the Isles are showcased beautifully. In addition, the downtown skyline views are incredible and rival the Emerald City! As stunning as the views…the interior spaces will delight! Every imaginable feature providing the perfect blend of elegance and comfort. Surprises and delights are around every corner. The home has abundant storage, spacious and numerous bedrooms and both formal and informal spaces to entertain and relax. The highest level quality design and finishes were created and constructed by MA Peterson. You can transition from your home and sacrifice nothing! But there is much more. Lake Point’s location is absolutely ideal situated in the center of the chain of lakes. Unsurpassed walkability to restaurants, parks, shopping and all the best the city has to offer! Finally, Lake Point’s amenities are comprehensive and include an elegant lobby, staffed 24/7, a 5th floor plaza level with pool, spa, exercise room and Lake room. Additionally, a guest apartment is available for rent. An opportunity like this rarely comes around, and it is available at a fraction of the cost to replicate. Come see a very special residence like none other!!

Getting Around

75
WalkingVery Walkable
49
TransitSome Transit
85
BikeVery Bikeable

Schools

6/10
3/10
North Academy Senior HighGrades 9-123.2 mi

Construction

Condition

  • Year built: 1977

Type & Style

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

Interior

Basement

  • Basement: None

Bedroom

  • Level: Main
  • Area: 308
  • Dimensions: 22x14

Bedroom2

  • Level: Main
  • Area: 108
  • Dimensions: 9x12

Bedroom3

  • Level: Main
  • Area: 120
  • Dimensions: 12x10

Bedroom4

  • Level: Main
  • Area: 120
  • Dimensions: 12x10

Bedrooms & Bathrooms

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

Dining Room

  • Level: Main
  • Area: 154
  • Dimensions: 14x11

Family Room

  • Level: Main
  • Area: 378
  • Dimensions: 27x14

Features

  • Finished area below ground: 0
  • Finished area above ground: 4,075

Foyer

  • Level: Main

Heating & Cooling

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

Interior Area

  • Total structure area: 4,075
  • Total interior livable area: 4,075 sqft

Living Room

  • Level: Main
  • Area: 368
  • Dimensions: 16x23

Sitting Room

  • Level: Main
  • Area: 90
  • Dimensions: 10x9

Property

Accessibility

  • Accessibility features: Accessible Elevator Installed

Details

  • Parcel number: 3202924430387
  • Attached to another structure: Yes
  • Zoning description: Residential-Single Family
  • Foundation area: 4075

Features

  • Levels: One
  • Stories: 1
  • Has view: Yes
  • View description: Lake
  • Has water view: Yes
  • Water view: Lake
  • Waterfront features: Lake View

Lot

  • Lot size dimensions: common

Parking

  • Total spaces: 3
  • Parking features: Attached,Heated Garage
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

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
    HailRelatively High
  • Tornado
    TornadoRelatively High
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Hail
Tornado
Heat Wave
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 $7,053$84,636
Home Insurance *$916$10,992
Property Taxes $1,278$15,336
Electricity $343$4,124
Total$9,590$115,080
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$328,800/yr
40% on housing$287,700/yr
45% on housing$255,733/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

$342This listing

vs Other Active Listings

Avg $/sqft

ZIP 55416$226
Hennepin County$211

vs Homes Sold Last Month

Median $/sqft

ZIP 55416$245
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
2026-04-10Listed for sale$1,500,000

For Sale by Agent

AgentMatthew S Baker
BrokerageColdwell Banker Realty - Lakes

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