1030 Lake Street E, Wayzata, MN 55391

$2,156,000
Property Type: Land Lot Size (sq. ft.): 48,787 Status: Closed
Current Price: $2,156,000 List Date: 8/24/2022 Last Modified: 6/02/2025

Overview

Description

Rare opportunity to own over 1 acre of property in the heart of Downtown Wayzata. Beautiful lake views overlooking the Wayzata Bay and the Yacht club. Steps from fine restaurants, shops and all things Wayzata. Unbelievable location! Current zoning is R3A allowing up to 25% hardcover. Potential subdivision opportunity.

Listing Details MLS# 6248225

General Property Information

Comp Sale YN
No
Drainage
Excellent
Lot Measurement
Acres
Multiple PIDs?
No
Plat Recorded
Yes
Waterfront Present
No
Zoning
Residential-Single Family
Acres
1.12
Lot Size SqFt
48787.2
Lake/Waterfront Name
Minnetonka
Assessment Pending
Unknown
Association Fee
0

Property Features

Assumable Loan: Not Assumable Available Utilities: Cable Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Phone Available; Private Well Available; Private Well Connected; Sewer Connected; Water Available; Water Connected Development Status: Other Elevation Highpoint to Waterfront Slope: Gradual Farm Type: None Fencing: None Improvements: Curbs; Paved Streets; Public Road; Storm Sewer Internet Options: None Land Inclusions: Abstract; For Sale Sign; Platted; Soil Test Available; Survey; Survey Stakes; Topographic Map Lot Description: Corner Lot; Irregular Lot; Tree Coverage - Medium; Underground Utilities Outbuildings: Additional Garage Road Frontage: City Street; Curbs; Paved Streets; Storm Sewer Road Responsibility: Private Maintained Road Sale Options: Sell Entirely; Will Divide Soil Type: Clay; Loam; Sand Surface Water: Pond Topography: Level

Contract Information

Allow Auto Valuation Display?
Yes
Allow Consumer Comment
No
Off Market Date
2022-09-30
Contingency
None
Closed Date
2022-11-22
Original List Price
2300000
Sales Close Price
2156000
ListPrice
2300000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
1030
Street Name
Lake
Street Suffix
Street
Street Direction Suffix
E
Postal City
Wayzata
County
Hennepin
State
MN
Zip Code
55391
Complex/Dev/Subdivision
Minnetonka Arlington Heights

Assessments

Tax With Assessments
8070
Assessment Balance
0

Builder Information

Builder Restrictions
Open

More Information

Dimension Information

Lot Size Min
9000

Elevation Highpoint to Waterfront Feet

Elevation Highpoint Waterfront Feet
10-15

Lake Details

Lake Acres
14729
Lake Depth
113
Lake Name
Minnetonka

Lease Details

Land Leased
Not Applicable
Monthly Land Lease Amt
0

Miscellaneous Information

FIPS Code
27053
Homestead
Yes

Ownership

Fractional Ownership
No

Public Survey Info

Range#
22
Section#
06
Township#
117

Office/Member Info

Association
MAAR
MLSID
RMLS

Location, Tax and Other Information

AssocFeeYN
No
Map Page
104
Municipality
Wayzata
Rental License?
No
School District
Wayzata
School District Phone
763-745-5000
Map Coordinate Source
King's Street Atlas
DNR Lake ID#
27013300
DNR Lake Classification
General Development
Lake Chain
N
Zip Plus 4
2946
Property ID Number
0611722440003
Tax Year
2022
Tax Amount
8070
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Rare opportunity to own over 1 acre of property in the heart of Downtown Wayzata. Beautiful lake views overlooking the Wayzata Bay and the Yacht club. Steps from fine restaurants, shops and all things Wayzata. Unbelievable location! Current zoning is R3A allowing up to 25% hardcover. Potential subdivision opportunity.
Directions
Take Shoreline Drive to Wayzata. At the traffic circle, continue straight onto Lake St E. The destination will be on your right.

Assumable Loan

Not Assumable
Yes

Development Status

Other
Yes

Elevation Highpoint to Waterfront Slope

Gradual
Yes

Farm Type

None
Yes

Fencing

None
Yes

Insurance Fee

Insurance Fee
0

Internet Options

None
Yes

Lake/Waterfront

Lake View
Yes

Lot Description

Corner Lot
Yes
Irregular Lot
Yes
Tree Coverage - Medium
Yes
Underground Utilities
Yes

Outbuildings

Additional Garage
Yes

Restriction/Covenants

Minimum Lot Size
Yes

Road Frontage

City Street
Yes
Curbs
Yes
Paved Streets
Yes
Storm Sewer
Yes

Road Responsibility

Private Maintained Road
Yes

Sale Options

Sell Entirely
Yes
Will Divide
Yes

Soil Type

Clay
Yes
Loam
Yes
Sand
Yes

Topography

Level
Yes

Available Utilities

Cable Available
Yes
Electricity Connected
Yes
Natural Gas Available
Yes
Natural Gas Connected
Yes
Phone Available
Yes
Private Well Available
Yes
Private Well Connected
Yes
Sewer Connected
Yes
Water Available
Yes
Water Connected
Yes

Improvements

Curbs
Yes
Paved Streets
Yes
Public Road
Yes
Storm Sewer
Yes

Land Inclusions

Abstract
Yes
For Sale Sign
Yes
Platted
Yes
Soil Test Available
Yes
Survey
Yes
Survey Stakes
Yes
Topographic Map
Yes

Surface Water

Pond
Yes

Documents

Listing Office: Compass
IDX
Last Updated: June - 02 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.