Tom Petters' Wayzata home sells for $5 million

9:51 PM, Apr 18, 2010   |    comments
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WAYZATA, Minn. -- After more than a year on the market, an infamous home on Lake Minnetonka has found a buyer.

The Wayzata mansion that once belonged to convicted businessman Tom Petters recently sold for $5 million.  The 9,400 square foot, seven bedroom home originally listed for $8.2 million.

The proceeds will be used to pay back the victims of Petters' ponzi scheme.

The home was on the market for 400 days before it sold.












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