Seller's Agent in 2025
Dave Truax
Bridge Realty, LLC
(612) 210-9133
1 in this area
16 Total Sales
2887 Lake Shore Ave Maple Plain, MN 55359
4
Beds
3
Baths
3,500
Sq Ft
0.92
Acres
Highlights
- 134 Feet of Waterfront
- Beach Access
- Second Kitchen
- Schumann Elementary School Rated A-
- Guest House
- 4-minute walk to Lakeshore Park
About This Home
As of November 2025Dramatic, architecturally significant home on famous Lake Independence in Medina MN. This is the largest lot (nearly an acre) on Lakeshore Ave, leaving plenty of room to add accessory structures, garages, etc. Unique in every way, this home is an entertainer's dream, as well as having lovely, oversize bedrooms for family comfort and stunning views. Featuring light-filled, vaulted rooms throughout, you will be immersed in the views everywhere in the home. And the views are even better now that nearly $100,000 in new windows were installed in July (fully warranted to new owner) A unique feature of this home is the fully finished, modern 1-bedroom apartment in the lower level. With separate, private entrance (as well as interior access) it is suitable for short or long term rental, as well as AirBnB, VRBO, etc. The large lot is a rarity for a lakeshore property, certainly opening the option for expansion. You won't have to worry about storage, either, as there are two large storage areas in the home that would also serve as workshop or multi-purpose rooms. This beautiful property offers stunning views through the tall, mature trees facing the lake. A truly "up north" feel. A substantial stairway and deck lead to the the private 135' of lakeshore. The large boat dock, and lift are included. Lake Independence is also home to the largest beach and park in Hennepin County. Baker Park is adjacent to the lake, and offers championship golf, biking trails, camping and more only a minute or two from the home.
Of course, the Orono Schools are known as one of the foremost districts in the Metro area. Known both locally and nationally for superior academic achievement, Orono's smaller size is ideal for many families. This home is freshly painted, move-in ready and available for immediate possession. Conveniently located 30 minutes west of Minneapolis, and accessible by either Hwy 12, or Hwy 55.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,567
Year Built
- Built in 1975
Lot Details
- 0.92 Acre Lot
- Lot Dimensions are 366x134
- 134 Feet of Waterfront
- Lake Front
- Many Trees
Parking
- 1 Car Attached Garage
- Garage Door Opener
- Driveway
Home Design
- Rubber Roof
- Wood Siding
Interior Spaces
- 1-Story Property
- Vaulted Ceiling
- Combination Dining and Living Room
- Game Room
- Workshop
- Storage Room
- Home Gym
Kitchen
- Second Kitchen
- Range
- Microwave
- Dishwasher
- The kitchen features windows
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
- Basement Storage
Outdoor Features
- Beach Access
- Deck
Additional Homes
- Guest House
- One Bathroom Guest House
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
- Underground Utilities
- Gas Water Heater
- Water Softener is Owned
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 1811823230003
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 18, 2025
Closed on
Nov 3, 2025
Sold by
Michael C Mclaughlin Trust and Mclaughlin Michael C
Bought by
Palmer Jessica and Palmer Matthew Michael
Seller's Agent
Dave Truax
Bridge Realty, LLC
Buyer's Agent
Alison Heathcote
Fox Realty
List Price
$1,400,000
Sold Price
$1,180,000
Premium/Discount to List
-$220,000
-15.71%
Views
73
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
70.96%
Original Mortgage
$1,000,000
Outstanding Balance
$999,004
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$307,567
Purchase Details
Closed on
May 4, 2020
Sold by
Mclaughlin Michael C
Bought by
Michael C Mclaughlin Trust and Mclaughlin
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,180,000 | Lake Title | |
| Quit Claim Deed | -- | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,000,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/13/2025 11/13/25 | Sold | $1,180,000 | -15.7% | $337 / Sq Ft |
| 10/23/2025 10/23/25 | Pending | -- | -- | -- |
| 08/28/2025 08/28/25 | For Sale | $1,400,000 | -- | $400 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $9,568 | $872,600 | $767,400 | $105,200 |
| 2023 | $8,195 | $786,900 | $697,700 | $89,200 |
| 2022 | $8,369 | $732,000 | $643,000 | $89,000 |
| 2021 | $7,767 | $710,000 | $645,000 | $65,000 |
| 2020 | $8,018 | $667,000 | $608,000 | $59,000 |
| 2019 | $6,591 | $660,000 | $608,000 | $52,000 |
| 2018 | $6,833 | $554,000 | $487,000 | $67,000 |
| 2017 | $6,957 | $564,000 | $499,000 | $65,000 |
| 2016 | $6,376 | $523,000 | $462,000 | $61,000 |
| 2015 | $6,372 | $523,000 | $462,000 | $61,000 |
| 2014 | -- | $521,000 | $462,000 | $59,000 |
Source: Public Records
Agents Affiliated with this Home
-
Dave Truax
-
Alison Heathcote
Buyer's Agent in 2025
Alison Heathcote
Fox Realty
(612) 305-8199
1 in this area
14 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6703908
APN: 18-118-23-23-0003
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