Skip to main content

Mansion once owned by Jimmy Jam auctioned off for $2.6M

  • Author:
  • Updated:
    Original:

The mansion designed and once owned by Grammy Award-winning producer James "Jimmy Jam" Harris sold for $2.6 million at auction Thursday – much less than its assessed value, the Star Tribune reports.

Sale of the 22,000-square-foot Lake Minnetonka home won't be complete, however, until the bank that repossessed the property, JPMorgan Chase, approves it. Harris was not the current owner of the mansion, which went on the auction block after the property went into foreclosure.

The winning bidder at Thursday's live auction, which was held in the home's kitchen, was not disclosed.

The seven-bedroom, seven-bath home sits on 3.5 acres and 300 feet of Lake Minnetonka shoreline on Hardscrabble Circle in Minnetrista. The Star Tribune says several real estate agents and a handful of bidders speculated that the mansion could get torn down, but the Business Journal said the buyer was local and did not plan to raze it.

The Business Journal has a slideshow of the mansion.

The property's listing agent – Lakes Sotheby’s International Realty in Wayzata – said he received several cash offers for the property while it was on the market over the past four to five months, but the bank declined the offers and decided to put it on the auction block, according to the Star Tribune.

The opening bid for Thursday's auction was $1 million.

The paper says Harris bought the property for $420,000 in 1987 and construction was completed on the home in 1991. When Harris moved to Los Angeles, he listed the property for $11 million. He eventually sold it for $7 million to Christopher and Sandra Hintz in June 2007, public records say.

Next Up

Nicholas Kraus

Man sentenced for fatally striking woman during Uptown protest

Nicholas Kraus, 36, of St. Paul drove into a protest in Uptown last year, killing Deona Marie Knajdek.

Flickr - police lights squad siren - Edward Kimmel

Fleeing suspect crashes into vehicle in Woodbury, 2 injured

The crash occurred Friday afternoon after a pursuit with Woodbury police.

Screen Shot 2022-11-26 at 2.34.44 PM

Yes, that's MN native Jenny Taft in a State Farm commercial

Jenny Taft got her broadcasting career started in Minneapolis in 2011.

crime scene tape - police tape

23-year-old woman critical after shooting in Plymouth

A 23-year-old woman was shot Friday night in Plymouth.

white Christmas

2 MN towns among most 'magical' winter locations in the country

The list was compiled by Trips Discover and published earlier this month.

Screen Shot 2022-11-26 at 8.27.12 AM

St. Olaf football player charged after fatal crash in Chicago

The 18-year-old is accused of speeding and going the wrong way when he crashed into a vehicle that may have been attempting to flee police.

Screen Shot 2022-11-26 at 7.41.18 AM

Woman 34 weeks pregnant injured by drunk driver in Cottage Grove

The 49-year-old suspected of DUI was booked into jail around 1:30 a.m. Saturday.

ambulance

2 dead, 5 injured in Thanksgiving Day crash near Alexandria

The crash involved two people from Alexandria and five from Bloomington.

Screen Shot 2022-11-25 at 6.44.11 PM

Lengthy standoff in Prior Lake ends late Friday night

The suspect allegedly assaulted an officer outside Kwik Trip, fled and broke into a home.

snow - 12-10-21 - Joe Nelson - 5

Accumulating snow possible in Twin Cities next week

The storm system could arrive in the Tuesday-Wednesday timeframe.

Target store snow

With Black Friday barely underway, Target reveals Cyber Monday deals

Plans for the two-day sale were revealed Friday morning.

Screen Shot 2022-11-25 at 9.37.25 AM

Man waves replica assault weapon at drivers in downtown Minneapolis

The alarming incident was spotted by the new MPD chief, Brian O'Hara.

Related