Skip to main content

Wealthy Twin Citians swap their dream houses

  • Author:
  • Updated:

In a high-priced real estate deal, Ralph and Peggy Burnet will trade homes with Cargill Inc. heir Donald McMillan, the Business Journal reported.

The Burnets (Ralph Burnet is chairman of realty company Coldwell Banker Burnet) live in a gleaming white 8,500-square-foot mansion in Wayzata, and sold it for $9.1 million to MacMillan, the publication reported. Get a closer look at the house, said in March 2011 to be worth $25 million with all its property, in this Star Tribune feature. "We're winding down," Ralph Burnet told the newspaper then of his desire to downsize.

Here's a glance:

MacMillan sold his 1916 Lake Harriet-area, five-bedroom house for $2.25 million, plus $500,000 in personal property, to the Burnets, the Business Journal reported. It had been for sale for more than a year and a half, too. The MacMillan place in the 4000 block of Fremont Avenue:

It's not unusual that high-priced homes end up being swapped between two buyers, the Business Journal reported.

Coldwell Banker Burnet sales associate Bruce Birkeland, who listed both of the properties for sale along with sales associate Ryan Burnet, told the publication, "It's like in some respects."

Next Up

Screen Shot 2022-08-08 at 12.50.25 PM

Minnesota Harvest apple farm to open under new owners this month

New food and attractions are in store for this season's fall fun.

Pixabay - water surface

22-year-old man found dead in central Minnesota lake

The man was reported missing and later found dead in the water near the lakeside residence.


Seven kids charged over shoplifting at Cabela's, 100 mph police chase

The youths were pursued in a a stolen car and almost hit a squad car, police say.

Screen Shot 2022-08-08 at 7.50.05 PM

Missing: 17-year-old Waite Park boy last seen July 3

Police say there is no reason to believe he's in danger.

Melanie Valencia

Northfield bicyclist killed in crash identified as 14-year-old

She was riding her bike to soccer practice before a driver hit her last week.

Samantha Holte

Appeal to find 17-year-old Minnesota girl

She was last seen north of Fergus Falls.

Pixabay - water surface

Man's body found near empty fishing boat on St. Croix River

The boat, and an unoccupied truck found on the shore, belong to a 43-year-old White Bear Lake man.


Police identify MOA shooting suspects, issue nationwide warrants

Three Twin Cities residents were charged Monday in connection with helping the suspects escape.

Screen Shot 2022-08-04 at 7.25.42 PM

Charges: Best Western employees helped MOA shooting suspects escape

Prosecutors allege two Best Western employees helped the suspects escape.

election, vote

What to watch for in 2022 Minnesota primary elections

Bring Me The News brings you a breakdown of what to watch for Tuesday.

Aaron Peterson

Charges: Felon accused of firing shots at police during Meeker Co. standoff

The 31-year-old surrendered after a 28-hour standoff in rural Meeker County.