Mike Zimmer will have at least one more transaction in Minnesota, as the former Vikings coach has listed his Inver Grove Heights property for sale with Coldwell Banker Realty.
Want to buy Mike Zimmer's home? It's on the market for almost $2 million
If the former Vikings coach can get an offer at list price, he'll make a 25% profit on the home he purchased in 2018.
February 16, 2022 at 11:31AM
Zimmer purchased the home in August of 2018 for $1.6 million, according to public records. It is now listed at $1.995 million — a nearly 25% increase.
The 8,887-square-foot home was built in 2005 by an anesthesiologist, according to listing agent Jeffrey Dewing. It has five bedrooms, each with its own en suite bathroom, and eight baths overall. The owners' suite has a spa-like bath with heated floors.
The house also boasts garages for seven vehicles, including a tuck-under lower-level garage that's heated.
Amenities include an athletic court and a stone-surround gas fireplace.
It sits on 6 private acres with its own water source and septic system plus a pond.
In football parlance, you might want to go deep for this one. The house is set back from the street about the length of about two football fields, Dewing said.
"What really sticks out about this property is the acreage, the privacy and the beautiful setting," he said. "It's really well-sited with incredible views."
Zimmer remodeled the property, including relocating the fireplace, updating the kitchen and removing a two-step tier down to the family room.
"That's all leveled out now and the main-floor floor plan was opened up," said Dewing, who was keen to not reveal any personal information about his client, such as where he may have worked on game plans.
And while being secluded, the property had locational advantages for Zimmer and any new owner. It has easy access to several highways and is about a 25-minute drive to U.S. Bank Stadium and 10 minutes to TCO Performance Center.
Inver Grove Heights ranked similarly to Minneapolis in the latest Star Tribune Buyer's Index which ranked real estate markets based on a combination of three metrics: the lowest sale price (per square foot), the most available listings and the lowest percentage of original list price received by the seller.
That database showed that the sale price per square foot increased 25% in Inver Grove Heights in 2021 compared with the average over the previous five years — numbers that are in line with Zimmer's list price increase from 2018.
Though at $224 per square foot, the house exceeds the $170-per-square-foot average sale price in the city.
According to Dakota County property tax records, the 2021 property taxes were $25,450 on an estimated market value of $1.7 million.
"You have these types of estates on the west side of town, but they're rarer on the east side," Dewing said. "It's beautiful and unique."
Jeffrey Dewing (jdewing@cbrealty.com; 612-597-0424) of Coldwell Banker Realty has the $1.995 million listing.
Mike Conley was in Minneapolis, where he sounded the Gjallarhorn at the Vikings game, on Sunday during the robbery.
