2331 Budd StreetIndependence, MN 55359
$4.995 million
12.09 acre lot
About this home
Last traded in the 1940s, this is a generational opportunity to own one of the few remaining, subdividable, lakefront, acreage estates on recreational water, within the Twin Cities Metro. At this serene site, it feels like you're hours outside of a city center, yet you're only 15 minutes from the 494 loop, set within the award winning, Orono School District. Carve out your dream on a property that has no covenants, restrictions, or HOAs. The property features 12+ acres, 600+' of frontage on Lake Independence, and ideal topography with significant, flat, usable land at the lake grade which extends in approximately 100' before the hill takes you up to higher ground where the potential build configurations and combinations are endless. Subdivide and sell, create a family compound, start your family farm, or imagine an equestrian estate, residence, and lakefront cabin all-in-one. This property can be split in half creating two, approximately 6 acre lots, each with 300’ of lake frontage, without a variance. City sewer is currently just south of Pagenkopf (about a block away). If and when it extends to Pagenkopf, the dynamics related to minimum lot size would change.
Home facts
- Home type
- Land and lot
- Style
- Other
- Lot
- 12.09 acres
- Garage
- 2 stalls
- Property taxes
- $12,413 a year
- Listed
- September 18, 2026
- MLS number
- 7135757
Listing courtesy of Leyendecker Realty (Nick Leyendecker). MLS #7135757.
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How it compares
2331 Budd Street, Independence, MN 55359 is a lot on Lake Independence, listed for $4.995 million on September 18, 2026 by Leyendecker Realty. That is in the upper quarter of the 8 land and lots for sale in Independence right now (median $580,000).
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 8:49 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Independence community guideSchools, commutes, parks, home values and local stories.
- Lake IndependenceLake facts from the Minnesota DNR, access and every lakefront home for sale.
- Independence housing market, September 2026Homes sold for a median $900,000 over 12 months (+12.5%), 113 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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