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den Prairie’s southern suburbs are a magnet for high‑end buyers, boasting dozens of homes priced above $1 million and a prime location near corporate headquarters on I‑494 and the Minneapolis‑St. Paul International Airport. The most expensive property on the market, the $5.3 million “Tramonto House,” exemplifies the area’s luxury appeal. Its name—Italian for sunset—reflects a French‑countryside aesthetic, yet the home sits in the U.S., on a 5‑acre, steeply sloped lot overlooking the Minnesota River Valley’s woods and water.
Designed by Murphy & Co and built by John Kraemer & Sons in 2013, Tramonto blends historic European elements—stone walls, exposed timber framing, sharply pitched roofs, and a porte‑cochère—with contemporary comforts. Inside, a 12,558‑sq‑ft, curved floor plan offers panoramic views from every window. The estate features five bedrooms, six and a half bathrooms, a built‑in bunker, a glass‑walled sports court, rooftop terraces, a home theater, and a full‑service salon. Outdoor amenities include a pool, hot tub, waterfalls, and a koi pond. Uniquely, the property also hosts a private ski hill and tow rope, setting it apart from the other 30+ seven‑figure listings in the suburb.
The house sits in Bellerieve, a gated subdivision of only eight homes, one of three gated communities in Eden Prairie. The largest gated enclave, Bearpath Golf and Country Club, contains the highest concentration of $1 million+ homes in the area. Keller Williams Classic Realty’s agent, Régan Englund, notes that luxury estates with acreage, privacy, and resort‑style amenities remain scarce. Across the metro, only 21 waterfront properties command $5 million or more and sit on more than an acre. The most expensive of these is a $55 million Lake Minnetonka compound listed earlier this year.
Englund observes that while the luxury segment continues to see double‑digit sales growth, the market has slowed compared to a few months ago. Buyers at this level are less swayed by interest‑rate changes than entry‑level purchasers, yet they remain highly discerning. “Presentation, lifestyle, and narrative matter more than ever,” she says. In the fall, buyers are typically motivated to close and move in by year’s end, creating a sense of urgency among “active, intentional purchasers” rather than speculative investors.
Eden Prairie’s appeal lies in its proximity to corporate hubs and the airport, contrasting with the more secluded western suburbs around Lake Minnetonka that also attract luxury buyers. Ultra‑expensive homes often linger on the market for months or even years. For instance, the second‑most expensive property in Eden Prairie—a 12,000‑sq‑ft house listed at $4.5 million in May 2024—remained unsold until a new agent, Sally English of Coldwell Banker, reduced the price to $4.1 million. The listing now has an offer contingent on the buyer’s home sale.
Coldwell Banker’s luxury marketing team reports that in the fall, 34 Eden Prairie sales exceeded $1 million, with an average price per square foot of $259.16—up from $239.91 the previous year. This trend underscores the sustained demand for high‑end properties in the area, even as the market’s liquidity tightens.
