2501 E Lake Of The Isles Parkway, Minneapolis, MN 55405

$1,995,000
Property Type: Land Lot Size (sq. ft.): 16,553 Status: Active
Current Price: $1,995,000 List Date: 1/22/2026 Last Modified: 5/04/2026

Overview

Description

Every once in a while, a truly exceptional opportunity arises, and this is one of them. Located on the most coveted corner of Lake of the Isles, this vacant parcel offers a rare chance to create your dream home in one of Minneapolis’ most historic and tightly preserved neighborhoods. New construction on the lake is nearly unheard of, and a corner lot like this, with unmatched views and scale, is even rarer. Perched on an elevated 0.38-acre site with 90 feet of frontage along East Lake of the Isles Parkway, the property features sweeping water views in three directions—south, west, and north. A lakeside stone retaining wall enhances its grandeur, while the private garage entrance off 25th Street ensures quiet exclusivity without the interruption of an alley. This location offers serenity with unmatched convenience, just steps from local schools, charming shops, beloved restaurants, and vibrant cultural landmarks. Imagine building a home that celebrates both timeless elegance and modern comfort, where you begin and end each day embraced by the rhythms of the lake—morning walks along the path, biking through tree-lined boulevards, and watching golden sunsets sparkle over the water. This is more than a property, it’s a once-in-a-lifetime canvas to create a legacy.

Listing Details MLS# 7011926

General Property Information

Comp Sale YN
No
Development
No
Drainage
Excellent
Lot Measurement
Acres
Multiple PIDs?
No
Plat Recorded
Yes
Road Btwn WF & Home?
Yes
Waterfront Frontage
90
Waterfront Present
Yes
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Lot Dimensions
90x186x90x178
Acres
0.38
Lake/Waterfront Name
Lake of the Isles
Assessment Pending
No
Association Fee
0

Property Features

Available Utilities: Broadband Available; Cable Available; Electricity Available; Natural Gas Available; Sewer Available; Underground Utilities Available; Water Available Development Status: Subdivided Elevation Highpoint to Waterfront Slope: Steep Farm Type: None Fencing: Wood; Other Improvements: Curbs; Fence; Paved Streets; Public Road; Sidewalks; Storm Sewer; Other Lake Details: Soft Land Inclusions: Soil Test Available; Survey Lot Description: Cleared; Corner Lot; Public Transit (w/in 6 blks); Tree Coverage - Light Property SubType: Residential Lot Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Storm Sewer; Street Lights Sale Options: Sell Entirely Soil Type: Sand Topography: High Ground; Level; Solar Oriented Waterfront View: Lake; Panoramic; North; South; West

Contract Information

Contingency
None
Original List Price
1995000
ListPrice
1995000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
2501
Street Direction Prefix
E
Street Name
Lake Of The Isles
Street Suffix
Parkway
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55405
Complex/Dev/Subdivision
Lake Of The Isles Add

Assessments

Tax With Assessments
20014.2
Assessment Balance
0

Builder Information

Builder Restrictions
Open

More Information

Elevation Highpoint to Waterfront Feet

Elevation Highpoint Waterfront Feet
15-26

Lake Details

Lake Acres
111
Lake Chain Acreage
1049
Lake Chain Name
Minneapolis
Lake Depth
31
Soft
Yes

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
33
Township#
29

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
LOT 006 BLOCK 008 LAKE OF THE ISLES ADDN TO MPLS LOT 6, EXCEPT THAT PART WHICH LIES SOUTHWESTERLY OF A LINE PARALLEL WITH AND 90 FEET SOUTHWESTERLY FROM THE NORTHEASTERLY LINE OF LOT 6;
Listing City
Minneapolis
Map Page
106
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
DNR Lake ID#
27004000
DNR Lake Classification
Recreational Development
Property ID Number
3302924240159
Tax Year
2026
Tax Amount
20014.2
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Every once in a while, a truly exceptional opportunity arises, and this is one of them. Located on the most coveted corner of Lake of the Isles, this vacant parcel offers a rare chance to create your dream home in one of Minneapolis’ most historic and tightly preserved neighborhoods. New construction on the lake is nearly unheard of, and a corner lot like this, with unmatched views and scale, is even rarer. Perched on an elevated 0.38-acre site with 90 feet of frontage along East Lake of the Isles Parkway, the property features sweeping water views in three directions—south, west, and north. A lakeside stone retaining wall enhances its grandeur, while the private garage entrance off 25th Street ensures quiet exclusivity without the interruption of an alley. This location offers serenity with unmatched convenience, just steps from local schools, charming shops, beloved restaurants, and vibrant cultural landmarks. Imagine building a home that celebrates both timeless elegance and modern comfort, where you begin and end each day embraced by the rhythms of the lake—morning walks along the path, biking through tree-lined boulevards, and watching golden sunsets sparkle over the water. This is more than a property, it’s a once-in-a-lifetime canvas to create a legacy.
Directions
East Lake of the Isles Parkway to W 25th. Lot is on corner of W 25th and East Lake of the Isles Parkway

Development Status

Subdivided
Yes

Elevation Highpoint to Waterfront Slope

Steep
Yes

Farm Type

None
Yes

Fencing

Wood
Yes
Other
Yes

Insurance Fee

Insurance Fee
0

Lake/Waterfront

Lake Front
Yes
Lake View
Yes

Lot Description

Cleared
Yes
Corner Lot
Yes
Public Transit (w/in 6 blks)
Yes
Tree Coverage - Light
Yes

Restriction/Covenants

Other Bldg Restrictions
Yes

Road Frontage

City Street
Yes
Curbs
Yes
Paved Streets
Yes
Sidewalks
Yes
Storm Sewer
Yes
Street Lights
Yes

Sale Options

Sell Entirely
Yes

Soil Type

Sand
Yes

Topography

High Ground
Yes
Level
Yes
Solar Oriented
Yes

Waterfront View

Lake
Yes
Panoramic
Yes
North
Yes
South
Yes
West
Yes

Available Utilities

Broadband Available
Yes
Cable Available
Yes
Electricity Available
Yes
Natural Gas Available
Yes
Sewer Available
Yes
Underground Utilities Available
Yes
Water Available
Yes

Improvements

Curbs
Yes
Fence
Yes
Paved Streets
Yes
Public Road
Yes
Sidewalks
Yes
Storm Sewer
Yes
Other
Yes

Land Inclusions

Soil Test Available
Yes
Survey
Yes

Property SubType

Residential Lot
Yes

Documents

Listing Office: Coldwell Banker Realty - Lakes
IDX
Last Updated: May - 04 - 2026
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