Do you like Aveda products?

Hey me too and their founder likes real estate…super-sized real estate! Although I don’t think it’s organic.

Horst Rechelbacher – Aveda founder and current CEO and founder of Intelligent Nutrients just completed a $6.95 million cash purchase of all 3 units comprising the top two floors of the condo building, Phoenix on the River at the edge of St Anthony Main in Minneapolis.

This is huge…the largest condo purchase this year and at this point speculated to be the largest and most expensive condo in the state.

The sale price is obvious but to put the day-to-day “ownership” in perspective: the 18,172 sq ft comes with monthly association dues of $7,574 and yearly taxes of $96,315.
Plus the taxes are currently under-assessed by $2 million so I’m sure they will be going up soon!

If you’re in the market for a $7 million condo I would be happy to help you find one but just so you know we would probably have to buy a couple floors worth of units in a building to “make” one, and if that is a tad above your budget, I could help with something a bit less expensive too 😉

To read more about the condo sale check out Finance & Commerce’s article:
http://finance-commerce.com/2011/11/rechelbacher-pays-7m-for-minneapolis-condo/

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About Nokomis Nick

I am a Nokomis Neighborhood Booster! Live Here! Work Here! Love Nokomis! Live Here! I grew up in South Minneapolis & the Nokomis neighborhood a block from Minnehaha Creek & about 4 blocks from Minnehaha Falls Park. I returned after college & purchased my first home near Keewaydin Elem & now live with my wife on Minnehaha Pkwy only a 1/2 mile from where I grew up & a block from the Creek. Work Here! REALTOR®, GRI, SFR, Counselor, "Nokomis Neighborhood Expert" with Coldwell Banker Burnet I work as a full-time Realtor in the Twin Cities metro area of Minnesota, helping people Buy and Sell Homes. Specializing in South Minneapolis, especially the Nokomis neighborhoods, in working with Sellers Partnering with other Trusted Coldwell Banker Burnet Realtors to help Sellers in the rest of the Twin Cities market so that each of my clients gets a Neighborhood Expert advising them. In assisting Buyers and helping them to purchase a home, I travel & have helped clients buy all over the Twin Cities. Love Nokomis! Ever since I was a kid, I have enjoyed living here & taking advantage of all the area has to offer from the trails & lakes to the local businesses which give Nokomis a "small-town" feel within the big city. Nokomis Village is our little “Main Street” with everything you need within a few blocks. Just another reason to love Nokomis! Personal Interests: Running, home improvement projects, home construction, architecture, design, fitness, camping, cycling, hiking, canoeing, music, concerts, hanging out with friends, yoga, traveling around the US, traveling throughout the world. Work Honors & Awards: #1 Sales Agent & #2 Listing Agent in the Minneapolis South Office of Coldwell Banker Burnet - (2009) Coldwell Banker Burnet Diamond Society every year since starting in Real Estate in 2002 Voted 2010 "Super Agent" by Mpls/St. Paul & Twin Cities Business Magazines Featured as a "Real Estate Expert" on DIY Network's "Sweat Equity" TV show Community Volunteer Activities: Minnehaha Food Shelf Habitat for Humanity Trees for Toys benefiting Toys for Tots
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