Ralph and Peggy Burnet have amassed a world-class collection of art. They've adorned the walls of their Wayzata home with eye-popping work by some of the best known contemporary artists and have drawn curators from major international museums.
But their most dynamic piece of art may be the house itself: an 8,500-square-foot, all-white contemporary that looks more Malibu than Minnesota. The house and its 13 acres, which includes almost 1,000 feet of Lake Minnetonka shoreline, is on the market for about $25 million. And they've hired their son, Ryan, to sell it.
Now empty-nesters in their mid-60s, Ralph, chairman of Coldwell Banker Burnet and an owner of the Foshay Tower and the Le Meridien Chambers Hotel, and Peggy, who serves on the board of the Smithsonian Institution and has her own business interests, say they're ready to downsize.
"We're winding down," said Ralph.
So where will one of the biggest names in real estate move? The Burnets say they aren't in any hurry. They're considering a downtown condo or a place in the country, but they realize that even if they divide the property it could take a while -- perhaps years -- to find the right buyers for their unusual, art-filled house.
House as geometry
The Burnets' house may not be old, but it does have a history.
In the late 1960s, Ken and Judy Dayton convinced Italian architect Romaldo Giurgola to design a house on Wayzata Bay, one of the most coveted shorelines on Lake Minnetonka.