2331 Budd Street Independence, MN 55359 MLS# 7135757
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Property Description Last traded in the 1940s, this is a generational opportunity to own one of the few remaining, subdividable, lakefront, acreage estates on recreational water, within the Twin Cities Metro. At this serene site, it feels like you're hours outside of a city center, yet you're only 15 minutes from the 494 loop, set within the award winning, Orono School District. Carve out your dream on a property that has no covenants, restrictions, or HOAs. The property features 12+ acres, 600+' of frontage on Lake Independence, and ideal topography with significant, flat, usable land at the lake grade which extends in approximately 100' before the hill takes you up to higher ground where the potential build configurations and combinations are endless. Subdivide and sell, create a family compound, start your family farm, or imagine an equestrian estate, residence, and lakefront cabin all-in-one. This property can be split in half creating two, approximately 6 acre lots, each with 300â of lake frontage, without a variance. City sewer and water is currently just south of Pagenkopf. If and when it extends to Pagenkopf, the dynamics related to minimum lot size would change (see the Bridgevine development just east of the subject).
Details
Maps
Contract Information
Status: Active
Contingency: None
Current Price: 4995000
Original List Price: 4995000
ListPrice: 4995000
List Date: 2026-09-18
Owner is an Agent?: No
Auction?: No
General Property Information
Comp Sale YN: No
Development: No
Lot Measurement: Acres
Multiple PIDs?: No
Plat Recorded: No
Road Btwn WF & Home?: No
Waterfront Frontage: 600
Waterfront YN: Yes
Yearly/Seasonal: Yearly
Zoning: Other
Lot Dimensions: 511' x 876' x 600' x 1011'
Acres: 12.09
Lake/Waterfront Name: Independence
Assessment Pending: No
Location Tax and Other Information
House Number: 2331
Street Name: Budd
Street Suffix: Street
Postal City: Independence
County: Hennepin
State: MN
Zip Code: 55359
Acreage Information
Taxable Acres: 12
Assessments
Tax With Assessments: 12413
Builder Information
Builder Restrictions: Open
Lake Details
Lake Acres: 832
Lake Depth: 58
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 24
Township#: 118
Property Features
Available Utilities: Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected
Development Status: Raw Land
Improvements: None
Land Inclusions: None
Lock Box Type: None
Sellers Terms: Cash; Conventional; Special Funding