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Jacobs' estate on market for $22 million

According to a recent report in a Minnesota business publication, the estate of Irwin L. Jacobs has been listed for sale for $22 million as the chairman of FLW Outdoors and his wife of more than 50 years appear set to transition into a smaller home.

The 13,000-square-foot mansion located at 1700 Shoreline Drive in Orono, Minn., sits on a 32-acre site that runs from the north shore of Smith’s Bay on Lake Minnetonka to the southeast shore of Tanager Lake. The home, which now has 10 bedrooms, was built by the son of the founder of General Mills in 1939.

According to the Jan. 21 article published on the Finance and Commerce website, Jacobs said he and wife Anna are looking to downsize from the massive property, which also includes a wetlands area, a 4,000-square-foot guesthouse, two caretakers houses, a pool, pool house, a barn and guard house.

“It really is a beautiful place,” said Jacobs. “We raised all our children there. It’s got incredible memories.”

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