1000 Gale Island IsShorewood, MN 55331
$7.25 million
3 bedrooms · 3 bathrooms · 1,351 finished sq ft · 2 acre lot
About this home
Rare opportunity to own one of Lake Minnetonka’s private islands offering approximately 1,841’ of unparalleled lakeshore! Throughout the last 150 years, Gale Island has evolved into a one-of-a-kind compound where generations have gathered to celebrate summers, holidays, and lifelong traditions. The original Summer House was built in 1874 and is among four cabins throughout the 2 acre setting! Beautifully updated throughout the years, each structure tells its own story while maintaining it’s historical charm. The Summer House offers 3 BR/2.5 BA; the Main House 3 BR/2.5BA; the Guest House 2 BR/1BA; and the Tower offers a living area with ½ bath. Properties of this significance rarely become available-- Gale Island offers an opportunity to become the next steward of one of Lake Minnetonka’s historic landmarks! See supplement for additional information. ***Do NOT access the island without prior approval from the Listing Agent. Buyer verification of funds must accompany all showing requests.***
Home facts
- Home type
- Single-family home
- Style
- Single Family Residence
- Year built
- 1874
- Bedrooms
- 3
- Bathrooms
- 3
- Finished sq ft
- 1,351
- Lot
- 2 acres
- Basement
- None
- Heating
- Forced Air
- Cooling
- Ceiling Fan(s), Central Air
- Property taxes
- $23,202 a year
- Listed
- August 11, 2026
- MLS number
- 7032563
Listing courtesy of Coldwell Banker Realty (Jeffrey J Dewing). MLS #7032563.
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How it compares
1000 Gale Island Is, Shorewood, MN 55331 is a 3-bedroom single-family home built in 1874 on Lake Minnetonka, listed for $7.25 million on August 11, 2026 by Coldwell Banker Realty. That is in the upper quarter of the 29 single-family homes for sale in Shorewood right now (median $1.25 million; $5,366 per square foot here against $349 for the group). That works out to $5,366 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Shorewood community guideSchools, commutes, parks, home values and local stories.
- Lake MinnetonkaLake facts from the Minnesota DNR, access and every lakefront home for sale.
- Shorewood housing market, September 2026Homes sold for a median $930,500 over 12 months (+5.7%), 63 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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