Lori Gustafson

7040 132nd Street N

Hugo, MN
$ 1,495,000 Beds 5 Baths 4.5 Sq 5,231
Monthly Estimate* How much can I afford?

Set on 9.88 breathtaking acres within the prestigious Mahtomedi School District — among the closest acreage properties to the shops, dining, and waterfront of downtown White Bear Lake — 7040 132nd Street North is one of the most extraordinary private compounds to reach the Twin Cities market. Custom craftsmanship, recreational infrastructure, and serene natural beauty converge here in a way that simply cannot be replicated. Built by a successful commercial contractor who had his office here, raised his family here, flooded a skating rink behind the barn every winter, and hosted weddings and parties in that barn, it carries the honest character and patina that only comes from a property truly put to use. The two-story Craftsman offers 5,900 total sq ft with over 5,200 finished. Limestone exterior, copper turret roof, cedar timber entry, covered front porch. Inside: two-story herringbone tile entry, floor-to-ceiling fieldstone fireplace with live-edge mantel, knotty alder doors and trim throughout, reclaimed railroad tie kitchen island, beadboard cabinetry to the ceiling, wall ovens, wine fridge, custom locker drop zone. Octagonal tray ceiling dining room opens via French doors to a cedar tongue-and-groove screened porch with lake views and gas fire table, then a Brazilian wood deck with grill and lake view. Main floor study, dedicated laundry, 9-ft ceilings, 400-amp service, Kinetico water system, cast iron plumbing, whole-home speakers, 17-zone irrigation. Upstairs, cedar plank ceilings grace every bedroom. Primary suite: vaulted cedar ceiling, lake-view gable window, separate walk-in closets, spa bath with dual vessel sinks, travertine wainscoting, boulder-step soaking tub, and a steam shower with full travertine tile, pebble mosaic floor, body sprays, and glass block wall. Four additional bedrooms, three more baths. Lower level: home theater with projector and screen, fifth bedroom, full bath, concrete safe room, walkout to boulder patio, and in-floor radiant heat throughout, fed by the home's boiler alongside two furnaces, four heat zones, and two AC units. The attached 3-car garage is finished, insulated, and heated with in-floor radiant. The 8-car detached garage is fully self-contained — its own boiler, in-floor radiant, furnace, and AC. Sixteen-by-eight doors, 24-ft bays, 10-ft ceilings. Total garage capacity: 11 cars. Above it, office space expands across the entire finished area over the detached garage — conference room, executive office, kitchenette, four built-in desks, half bath, private entrance — with strong potential for conversion to guest quarters or an accessory dwelling unit. A 32x18 two-story storage building rounds out the campus. The historic 95x33 barn is in a class of its own — soaring original wood bow trusses, hardwood floors, built-in bar, new standing seam metal roof, and a retrofitted silo bathroom with curved corrugated metal wall, copper vessel sink, granite top, and stone tile floors. Weddings, proms, pickleball tournaments — this barn has hosted it all. Below: massive cold storage for boats and equipment. Calling all equestrian buyers: six horses are permitted — a rare allowance this close to downtown White Bear Lake. Also: private dock on the environmental lake, stone firepit, volleyball court, second well that fed the winter skating rink, whole-home generator, and 5+ irrigated acres out back. This compound has the bones, the infrastructure, the acreage, and the soul that no amount of money can manufacture from scratch. Acreage this close to downtown White Bear Lake is ideal! MUST SEE!

Single Family

  • Price
  • $ 1,495,000
  • City
  • Hugo
  • Bedrooms
  • 5
  • Full Bathrooms
  • 4
  • County
  • WASHINGTON
  • Half Bathrooms
  • 1
  • Area
  • White Oak Fields
  • Lot Size
  • 9.888 Acres
  • Zip
  • 55038
  • Sqr Footage
  • 5,231
  • Year Built
  • 2004
  • Taxes
  • $ 11439
  • Style
  • Single Family
  • MLS#
  • 7122902
Listed By: White Bear Lake Realty
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 5231
Sewer Septic System Compliant - Yes,Tank with Drainage Field
Heating Forced Air,Fireplace(s),In-Floor Heating
Cooling Central Air
Roof Age Over 8 Years
Appliances Air-To-Air Exchanger,Cooktop,Dishwasher,Disposal,Double Oven,Dryer,Exhaust Fan,Freezer,Water Filtration System,Microwave,Range,Refrigerator,Stainless Steel Appliances,Tankless Water Heater,Wall Oven,
Garage Spaces 11
Construction Materials Frame
Year Built 2004
Electric Circuit Breakers,200+ Amp Service,Other
View East
Levels More Than 2 Stories
Property Subtype Single Family
Tax Year 2025
Waterfront Features Dock,Lake View,Pond
Accessibility Doors 36 +
County Washington
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name White Oak Fields
Other Structures Garage(s),Barn(s),Chicken Coop/Barn,Silo
Full Baths 2
Directions Hwy 61 to 130th go East to Goodview Ave N then make a left and go North,immediately on your right 132nd St N,go East to home on left
City Hugo
High School District Mahtomedi
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 11439
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s),Deck,Dock,Exercise Room,French Doors,Hardwood Floors,Kitchen Center Island,Kitchen Window,Local Area Network,Primary Bedroom Walk-In Closet,Natural Woodwork,Patio,Paneled Doors,Porch,S
PostalCity Hugo

Interior Features

Basement Block,Daylight/Lookout Windows,Egress Window(s),Finished,Full,In-Floor Heat,Partially Finished,Storage Space,Sump Basket,Walkout
Total Fireplaces 1
Fireplace Features Gas,Living Room,Stone
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 4184
Half Baths 1
3/4 Baths 2
Laundry Features Gas Dryer Hookup,Laundry Room,Sink,Upper Level,Washer Hookup
Total Bedrooms 5
Below Grade Finished Area 1047
Total Baths 5
Bath Desc Two Primary Baths,3/4 Basement,Double Sink,Separate Tub & Shower,Steam Shower,Upper Level 3/4 Bath,Upper Level Full Bath,Walk-In Shower Stall
Dining Room Description Breakfast Bar,Breakfast Area,Eat In Kitchen,Informal Dining Room,Kitchen/Dining Room
Fuel Electric,Natural Gas
Garage Dimensions attached 35x24.6 and detached 98.5x25
Garage Door Width 8
Garage Square Feet 3323
Waterfront Feet 100

Exterior Features

Fencing Electric
Parking Features Attached Garage,Detached Garage,Asphalt,Concrete,Floor Drain,Finished Garage,Heated Garage,Multiple Garages,Paved Lot,More Parking Onsite for Fee
Lot Features Suitable for Horses,Tillable,Tree Coverage - Light
Water Source Well
Lot Size Area 9.888
Building Area Total 5903
Lot Dimensions 333x1459x305x1323
Waterfront Y/N No
Foundation Area 1730
Road Frontage Type Paved Streets
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/6/2026 Listed $1,795,000
8/25/2026 12% - $1,595,000
9/25/2026 7% - $1,495,000

Property vs Zip Code Average in 55038

Price
AVG $720K
$1.5M
Taxes
AVG $5,474
$11,439
Year Built
AVG 2012
2004
Visits
AVG 168
37
Data Provided by Inside Real Estate®

Areas That We Cover

7040 132nd Street N Hugo, MN is a Single Family Home for sale at $1495000 with 5231 sqft and a lot size of 9.888 Acres Acre(s). 7040 132nd Street N Hugo has 5 bedrooms, 4 baths and was built in 2004. The property's zip code is 55038 which is in Hugo, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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