4500 & 4600 Kings Point (Minnetrista, Minnesota)

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4500 & 4600 Kings Point, Minnetrista, MN 55331

These two pieces of property are listed as having the same owner as when they were purchased in 1980, however the current taxpayer is Bahram Akradi, founder and CEO of LifeTime Fitness. This seems to indicate a life estate or similar agreement where the owners have agreed to sell in the future, possibly after they pass away or retire, especially as it is very close to Akradi's current home.

Akradi's primary property is the large, 80.81 acre, L-shaped property at 4300 Oak. He purchased 4300 Oak property on August 06 2004 for $2,000,000; the home was built in 2006. Akradi previously lived in a house he designed in Minnetrista (built in 1997), but his love of horses led him to get a larger property--however, he so loved his old house that he had a near exact replica of the feng shui oriented house built on his new property!

Akradi has also purchased a number of neighboring properties to the main, 4300 Oak property:
4350 Kings Point (12.94 acres with house) was purchased on October 28 2005 for $675,000. 4300 Kings Point (14.10 acres with house) was purchased on January 09 2006 for $500,000.

He appears to be putting together a large property for himself or to later develop.

SOURCES:
Property info/past sales:
www.zillow.com/homedetails/4300-Oak-Rd-Excelsior-MN-553...
www.zillow.com/homedetails/4300-Kings-Point-Rd-Excelsio...
www.zillow.com/homedetails/4350-Kings-Point-Rd-Excelsio...
www.zillow.com/homedetails/4500-Kings-Point-Rd-Excelsio...
www.zillow.com/homedetails/4600-Kings-Point-Rd-Excelsio...

Property lines:
www.edinarealty.com/
4300 Oak Road
gis.co.hennepin.mn.us/HCPropertyMap/Locator.aspx?PID=33...
4300 Kings Point Road
gis.co.hennepin.mn.us/HCPropertyMap/Locator.aspx?PID=34...
4350 Kings Point Road
gis.co.hennepin.mn.us/HCPropertyMap/Locator.aspx?PID=34...
4500 Kings Point Road
gis.co.hennepin.mn.us/HCPropertyMap/Locator.aspx?PID=34...
4600 Kings Point Road
gis.co.hennepin.mn.us/HCPropertyMap/Locator.aspx?PID=34...

Property owner:
4300 Oak Road
www16.co.hennepin.mn.us/pins/pidresult.jsp?pid=33117241...
4300 Kings Point Road
www16.co.hennepin.mn.us/pins/pidresult.jsp?pid=34117242...
4350 Kings Point Road
www16.co.hennepin.mn.us/pins/pidresult.jsp?pid=34117242...
4500 Kings Point Road
www16.co.hennepin.mn.us/pins/pidresult.jsp?pid=34117243...
Kings Point Road
www16.co.hennepin.mn.us/pins/pidresult.jsp?pid=34117243...

Owner info:
www.midwesthomemag.com/media/Midwest-Home/February-Marc...
news.lifetimefitness.com/leadership/executive-team-biog...