The home formerly belonging to convicted businessman Tom Petters was sold for $5 million.
According to Kare 11, the home was originally listed for $8.2 million and has seven bedrooms and 9,400 square feet.
KSTP reported that if the court appointed receiver can close the deal by April 30th, a couple will get the house.
The house sits on Lake Minnetonka.
The proceeds may be used to pay back the victims of Petters' Ponzi scheme.