Bruce Dachis’ penthouse condo built atop an old warehouse in Minneapolis is a study in contrasts, in several ways.
It’s one of the most modern condos in one of the oldest buildings in his neighborhood. Despite being in a busy Lyn-Lake area, he has the ultimate privacy and solitude. He’s immersed in the elements but never has to put on a jacket or shoes to go outside. And finally, Dachis’ fourth-floor lair functions every bit like a condo, but he doesn’t share a wall or hallway with any adjoining neighbors.
Despite all of its benefits, Dachis is ready for his next (unplanned) adventure, listing it for $2.4 million to make this condo the most expensive for sale in that part of the city.
“I don’t know what my next thing is going to be,” he said. “It’s a struggle. I can’t duplicate anything I have here anywhere else.”
Matt Baker, the sales agent who has the listing for the three-bedroom, two-bath condo, called it an urban oasis. With a heated two-garage connected directly to a private elevator, the condo is the “height of both convenience and security.”
“This is really one-of-a-kind,” he said.

Luxury market
The unit has been on the market for about three months, Baker said. Condos in the Twin Cities metro are taking longer to sell than single-family houses, but Baker said there have been several notable $1 million-plus condo sales in the city recently. One of the most recent was a two-bedroom, three-bathroom penthouse in Uptown on nearby Lake Street, which closed during the third week of November for $1.9 million after just hitting the market last month for $2.195 million. It most recently sold in 2022 for $1.6 million
There are several theories as to why. Some agents say homeowners association dues have spiked recently in part because of insurance increases. Others note that with the proliferation of luxury rentals having the latest-and-greatest resort-style amenities, many would-be condo buyers are going the rental route instead. And within the past few years, luxury condo buyers have had more choices: More than 200 $1 million-plus condo units hit the market upon completion of the Eleven on the River and Four Seasons projects in downtown Minneapolis.