If you love gawking at ritzy real estate, June is your month.
This year, though, you won't have to choose which tour of swanky high-end houses to attend. The Artisan Home Tour, sponsored by the Builders Association of the Twin Cities, is the only one.
The Luxury Home Tour, a 15-year institution, won't be happening, at least not this month. "It was a private business decision," said Jamie Flaws, publisher of Greenspring Media, who said the longtime tour is only on hiatus, not permanently discontinued.
But that doesn't mean there's any shortage of upper-bracket houses to ogle, with almost 30 open for touring (21 new homes and eight remodeled homes), compared with last year's total of 35 for the two tours combined. And the threshhold for making the cut has risen — to $1.2 million for the structure only (not including the lot and landscaping) for new homes, and to $400,000 minimum for remodeling projects.
"We heard from our builders — you've got to up the bar a little bit, the world is changing," said David Siegel, the Builders Association's executive director.
And if you've got the inclination — and the wallet — you can pick up a trophy home of your own during the tour. While most of the new houses on the tour are custom homes built for particular owners, several are for sale, including Home #11, a contemporary twist on midcentury modern that overlooks popular Pamela Park in Edina.
"East Edina is a very hot market," said Andy Porter, co-owner of Refined, which is why the custom homebuilder felt confident buying and tearing down a small story-and-a-half house and replacing it with a $1.475 million spec home filled with 4,000 square feet of high-end finishes and cutting-edge technology.
Porter, who lives four blocks away, is so bullish on this pocket of Edina — his firm's "micro market" — that his company has purchased 15 other older homes, offered to buyers who want to remodel or start from scratch to get a brand-new home in an already established neighborhood close to restaurants, shops and other urban amenities.