Real estate developer Ned Abdul's Lake Minnetonka home lists for $9 million

Minneapolis real estate developer Ned Abdul is selling his Lake Minnetonka home for $9 million.

Situated on two acres in Deephaven, the gated, 10,692-square-foot estate offers 134 feet of northwest-facing sandy Lower Lake shore, according to its listing with Compass.

Abdul is president of Minneapolis-based Swervo Development Corp., whose projects over the years have included renovating the Uptown Theater and converting the long-disused Minneapolis Armory into an event venue. He could not be reached for comment.

According to the listing, the five-bedroom, seven-bathroom home features a gourmet kitchen with Cambria countertops, new light fixtures and high-end appliances. The main level also offers a dining room, office and primary bedroom on the main level. Upstairs, residents can enjoy three bedroom suites and a study.

A walkout lower level provides a family room with a wet bar as well as a guest bedroom suite, expansive fish tank and sport court.

Outside, manicured grounds lead to a lakeside patio, the listing says.

A trust in Abdul’s name purchased the property for $3.3 million in 2004, according to Hennepin County property records. Built in 1999, the home has an annual tax amount of about $91,504.

Sarah Polovitz, of Compass’ Polovitz Group, and John C. Adams, of Compass’ John Adams Real Estate, have the listing.


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