Active
$4,995,000

2331 Budd Street, Independence, MN, 55359

12.09  Acres
Days on market56
Year built1900
Garage spaces2
Potential $146,850buyer credit when you buy with SODL
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About this home

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 300’ of lake frontage, without a variance. City sewer is currently just south of Pagenkopf (about a block away). If and when it extends to Pagenkopf, the dynamics related to minimum lot size would change.

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Home facts

Property typeLand
Year built1900
Lot size12.09 acres (511' x 876' x 600' x 1011')
Days on market56
ListedSep 18, 2026
MLS #NST7135757
CountyHennepin
Parcel #2411824210005

Facts & features

Interior

Bathrooms
0

Property

Garage
2 spaces
View
North
Waterfront
Lake Front
Lot size
12.09 acres
Lot dimensions
511' x 876' x 600' x 1011'
Parcel #
2411824210005

Construction

Property type
Land
Year built
1900

Utilities

Utilities
Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected

Community & HOA

HOA
No HOA
School district
278 - Orono
High school district
Orono

Financial & listing details

Annual tax
$12,413 (2026)
Listed
Sep 18, 2026
Days on market
56
Inclusions
None

Interior details

Total bathrooms0

Exterior & lot

ZoningOther

Utilities

Parking & garage

Garage spaces2

Financial details

Annual taxes$12,413
Tax year2026
Taxes w/ assessments12413
Assessment pendingNo
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District278 - Orono
District number278
District phone9524498305
High schoolOrono
SODL flat fee brokerage
$146,850Estimated buyer credit
SODL platform fee $3,000Your buyer credit $146,850

How SODL buyer credits work

When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.

  • Tour homes with SODL’s flexible showing network
  • Submit offers and manage your transaction through the platform
  • Keep more money at closing through transparent flat-fee pricing

A clear, modern way to buy with expert guidance and meaningful savings.

Estimated monthly payment

$28,950/mo
Principal & interest$26,251
Property taxes$1,034
Home insurance (est.)$1,665
%
$999,000
0%50%
Credit score
Loan term

These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.

Location

2331 Budd Street, Independence, MN, 55359

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Listing information

MLS #NST7135757
Last reported MLS statusActive
MLS record updatedOct 28, 2026, 4:46 PM
Originally listedSep 18, 2026, 1:44 PM
Listing officeLeyendecker Realty

Status reflects the latest MLS record available to SODL, not independently confirmed current availability. Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.