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A Record-Setting Penthouse Sale Above the St. Croix River: Experience That Makes a Difference

  • Richard McDonough
  • October 19th, 2026
  • 4 min read
A Record-Setting Penthouse Sale Above the St. Croix River | Richard, Stillwater Real Estate

How local expertise, luxury marketing, and hands-on representation delivered an outstanding result for sellers traveling overseas.


Some homes offer a beautiful place to live. Others offer an experience that simply cannot be duplicated.

High above historic Downtown Stillwater, overlooking the scenic St. Croix River, the iconic Stillwater Lift Bridge, and the view of all the Church Steeples and Historic Courthouse, an extraordinary penthouse condominium offered precisely that experience.

With spectacular panoramic views, sophisticated living spaces, and a location in the heart of one of Minnesota’s most charming river towns, this was a property that deserved an equally distinctive marketing and sales approach.

I’m pleased to have represented the owners in the successful, record-setting sale of this exceptional $2+ million residence.

Sunset over the St. Croix River and the Stillwater Lift Bridge
Sunset over the St. Croix River and the Stillwater Lift Bridge.

Selling a Luxury Property From Thousands of Miles Away

One of the unique aspects of this transaction was that my sellers were living overseas while their Stillwater penthouse was on the market.

For many homeowners, selling a property while living in another country can seem daunting. Coordinating showings, communicating with prospective buyers, managing negotiations, and navigating the many details leading to closing can become complicated.

My approach was straightforward: take ownership of the process, anticipate potential challenges, communicate clearly, and make the experience as seamless as possible.

My clients needed someone they could trust to represent their interests locally while they were thousands of miles away.

That’s exactly the responsibility I embraced.

Understanding What Makes a Property Extraordinary

Luxury real estate requires more than attractive photography and a listing on the MLS.

It requires understanding what makes a property truly special, identifying the buyers most likely to appreciate those qualities, and positioning the property accordingly.

In this case, the penthouse offered something increasingly difficult to find: an elevated, panoramic perspective of the St. Croix River, historic Downtown Stillwater, and the Lift Bridge, combined with the convenience of condominium living.

These are not features that can easily be replicated.

Successfully marketing a distinctive property means communicating its value to the right audience rather than relying on price or square footage alone.

The Importance of Qualified Buyers

At the upper end of the real estate market, finding the right buyer is especially important.

Luxury buyers are often selective. They may be considering multiple properties, different communities, or even homes in other states.

My focus was on attracting qualified prospects who understood the property’s distinctive appeal and could successfully complete the transaction.

The result was a timely sale at a record price.

What My Clients Had to Say

Perhaps the most meaningful measure of success is the experience of the people who trusted me to represent them.

As my sellers shared:

“Being overseas while our condo was on the market was, I thought, going to be a challenge, but thankfully Richard handled everything for us. He brought in qualified buyers and got it sold on a timely basis. Appreciated his expertise. I highly recommend him to represent you if you are selling your property.” Penthouse sellers, Stillwater, MN

Their words reflect what I believe luxury real estate representation should provide: confidence, professionalism, careful follow-through, and results.

Read More Client Reviews

More Than Three Decades of Stillwater Real Estate Experience

As a fourth-generation Stillwater resident with more than 33 years of real estate experience, I bring a perspective that extends well beyond market statistics.

I understand the neighborhoods, the river, the architecture, the history, and the characteristics that make Stillwater and the surrounding St. Croix Valley such desirable places to live.

From luxury waterfront estates and historic residences to distinctive condominiums and executive properties, every home deserves an approach tailored to its individual qualities.

That combination of local knowledge, strategic marketing, negotiation experience, and personal attention is what I bring to every transaction.

Considering Selling Your Stillwater or St. Croix Valley Home?

Whether you’re living locally, relocating, or managing a property from another state or country, having experienced representation can make a meaningful difference.

If you’re considering selling a luxury home, riverfront property, or distinctive condominium, I’d welcome the opportunity to discuss how I can position your property for success.

Request a Free Home ValuationCall Richard

 

 

 

 

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Richard McDonough

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Richard McDonough

Richard McDonough

124 North Main Street, Stillwater, MN. 55082

124 North Main Street, Stillwater, MN. 55082

Call Us:

612-819-3518

Message Us:

[email protected]

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