The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-05-13
fronS lots increases. more work, VIII
DONE
Heavy Holdings Breaking Up

f,ront lots increases. more work. viii be
DONE
Heavy Holdings Breaking Up.
Some of the acres facing the lake
are still held by original owners or by
regent purchasers, VINO expect to sell
Off in small lots at a good profit. George
D. Dayton has some land near Way
zata, but has turned a large amount of
IT over to the members of the Wiscon-
SIN syndicate, which is dealing largely
also In Minneapolis real estate. III. M.
carpenter has a considerable. estate at
the east end Of Wayzata bay and on
trays lake, which will likely come
on the market in time. The Gibsons
still have in the hands of Nickels &
Smith a very large tract running
straight to the lake from Chowen s
corners. This includes nearly all of
the old property on Bay st. Louis, the
big hotel and part of its grounds, as
well as that portion of Northome and
Roswell Park which has not been par
celed out. This is particularly suitable
for large estates. Samuel Gale owns
a good deal Of land facing Carson's
bay and running from C~resthaven to
the Cottagewood station. In Excelsior
proper and, towards Christmas lake
there are good Opportunities to buy
the Cresthaven site, which is on the
market and may be cut up, but this
is particularly desirable for division
into large tracts. The improvements
are SO good, especially as to shore line
entertainments and docks, that about
$4,000 is asked.
A feature of the Minnetonka market
IS the fact that the demand for lots is
for the first time in the history of the
lake, stronger than the rental demand,
The season is a little slow vet as re
weather, for early activity in rentals,
but it is expected that the supply will
not be sufficient. That has been the
usual state of affairs in the last few
years, as the fad for spending summers
at the lake has grown on the people
along with easier financial conditions.
Some Cottages for Rent.
As often happens when the owner.
of places along the lake shore TAX
trips abroad during the summer, or t.
other pleasure resorts, some of the best
houses on the lake will be for rent. Thi!
supplies a demand from persons who arr
able to pay the high prices asked fol
a season occupancy, and who do no
wish to buy. Last year C~resthaven, TO,
; instance, was rented for ST, 0 and thi
:, year the Anthony Kelly place on tn,
Beach IS open for rental at $500, thru
David P. Jones & Co. This gives
: gauge OF the prices for the better es
, tates. Cottage prices range from $40,
; up, according to size, finish, conven
fences and distances from the shore an,
the paEt of the lake which they face.
Onef6f the interesting development
: OF the last season was the throwing O,
the market of a fine district on the ur
per lake for an exclusive class of pIl
chasers.. This was the sale of half O
: Phelps island to Thorpe Brothers. whC
with the other owners, E. G.. Warner an
=. +. Piper, have spent the. winter clear
o ing out the dead timber and the unde1
q brush and in laying out pIats and road
The park has about $50 acres availsbl
e for residences with something like fv
miles of shore line. In some parts til
O island rises in height to l25 feet aboy
the water, and it is an ideal spot. Som,