53-year family island on Lake Minnetonka listed for $7.25M

A rare private-island estate on Minnesota’s Lake Minnetonka has entered the market for $7.25 million, offering buyers the chance to own a historic 2-acre compound with multiple homes, cabins and other structures spread across 1,841 feet of lakeshore.Located in Shorewood, the property on Gale Island has been held by the same family for 53 years. The expansive waterfront compound combines historic buildings, recreational spaces and accommodation for multiple generations, making it suited to use as a family retreat or potentially as a year-round residence.Jeffrey Dewing of Coldwell Banker Realty, the listing agent, described the property as an unusually rare offering.“Lake Minnetonka is the lake in Minnesota,” Dewing said, according to New York Post. “It’s a very storied and sought-after destination, and it’s very rare for an island to come to market.