Music was Prince's bread and butter, but he also assembled a sizable real estate portfolio.
The megastar's estate recently started selling several of those properties, including the site of the purple house on Lake Riley where Prince once lived — and they are going quickly.
Buyers made offers on three of his properties just after they hit the market.
"The listings are definitely getting more attention than a typical listing because they were owned by Prince," said Steve Norton of Norton Realty in Mendota Heights.
Those properties, all of them in Chanhassen, include three building sites and a modest rambler, which are among more than a dozen properties that Bremer Trust wants to sell to help satisfy a multimillion-dollar tax bill that's due in January. When Prince died in April he left no will, so Bremer Trust has been processing the estate, which is reportedly worth about $200 million, according to the most recent estimate.
In August, Carver County District Judge Kevin Eide gave Bremer approval to sell seven properties, including a Caribbean villa, to "secure funds necessary to meet the estate's ongoing and expected financial obligations," according to the district court filing.
Of the four listings that just hit the market, the most expensive — and most Princely — is at 9401 Kiowa Trail, a 1.5-acre parcel with 246 feet of shoreline along Lake Riley not far from Paisley Park in Chanhassen.
Prince owned the heavily treed property for decades and it's where the megastar lived in a relatively modest purple house with a three-car garage. After Prince moved out of the house, his father reportedly moved in and lived there until he died in 2001. The house was demolished in 2003. The only remnants of Prince's presence is a pair of metal driveway gates, one bedecked with a simple metal heart and the other with a metal peace sign.
