Skip to main content

Jimmy Jam's former Lake Minnetonka mansion goes to auction

  • Author:
  • Updated:

The house unofficially known as the "Jimmy Jam house" is headed to the auction block.

The Star Tribune reports the 22,000-plus square-foot house went into foreclosure (Jam was NOT the previous owner). The 7-bedroom 7-bath home sits on 3.5 acres and 300 feet of Lake Minnetonka shoreline on Hardscrabble Circle.

Scott Stabeck of the Stabeck Group at Lakes Sotheby's Realty in Wayzata said there were nearly 40 showings and two serious, but unsuccessful offers during those four months, according to the Star Tribune.

JP Morgan/Chase has hired Hudson & Marshall to work with Stabeck to host an onsite auction on Feb. 6, according to VitaMn. Two open houses have been scheduled for the home on Feb. 1-2.

The home was built in 1991 and Jam sold it for $7 million in 2007.

VitaMN says the home is listed at $3.8 million and has an estimated market value of $6.4 million.

"People are intrigued by the house, and it will obviously be a deal," said Stabeck. "The land is worth $3 million alone, so it will basically be a free house."

Amongst other things, the house also has a 12-car garage and a sprawling home theater.

Here is a slideshow of the home.

Next Up

Ambulance Hennepin Healthcare

Boy, 14, critical after accidental shooting at Minneapolis apartment

Police say the shooting happened during a gathering at an apartment.

Screen Shot 2022-08-09 at 3.25.49 PM

Charges: Man caused Burnsville building fire because girlfriend was late

The alleged arson fire displaced around 50 residents.

Famous dave granite city

Famous Dave's, Granite City owner sold for $200 million

The owner of Famous Dave's, BBQ Holdings, is based in Minnetonka.

Alanna McLean

Appeal to find missing northern Minnesota woman

Alanna McLean was last seen this past weekend.


Minnesota reaches 55 confirmed cases of monkeypox

Nearly 9,000 cases have been confirmed nationwide.

derek chauvin

$1.45M payout for correctional officers prevented from guarding Derek Chauvin

The officers were reportedly ordered to avoid Derek Chauvin while he was in jail.


Palm Springs residents: Divert the Mississippi to solve our drought problems

Should the southwest have some of the Mississippi River?

Image from iOS (10)

Minneapolis tries to spruce up street barriers with motivational messages

Police said the barriers will be in place through the beginning of the fall.


MnDOT debuts driverless shuttle in White Bear Lake

This is one of several self-driving pilot programs MnDOT is working on.


Farmer almanacs release their 2022-23 winter forecasts for MN

November is right around the corner and one of the almanacs figures it'll be a cold and snowy month.