1981 Fagerness Point Road, Wayzata, MN 55391

$3,000,000
Property Type: Residential Bedrooms: 4 Baths: 5 Square Footage: 3,164 Lot Size (sq. ft.): 27,443 Status: Closed
Current Price: $3,000,000 List Date: 11/02/2023 Last Modified: 8/08/2025

Overview

Description

268 Feet of Lakeshore on sought after Fagerness Pt. Quiet neighborhood with no thru-traffic.Property has Lakeshore street side and to the large rear yard for beautiful sunsets over West Arm Bay. The home has been prepared for a full renovation or start over with your own design for a new custom home! The large site will support additions to the existing structure with no variances! Please call today for a detailed description of the home and to schedule a tour.

Listing Details MLS# 6455823

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
Yes
Waterfront Present
Yes
Year Built
2009
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
4
Bath Half
Yes
Main Floor Total SqFt
2143
Above Grd Total SqFt
2088
Below Grd Total SqFt
1076
Total SqFt
3164
Total Finished Sqft
4744.00
FireplaceYN
Yes
Lake/Waterfront Name
Minnetonka
Style
(SF) Single Family
Foundation Size
2088
Power Company
Xcel Energy
Garage Stalls
3
Lot Dimensions
SE100x195x101x176
Acres
0.63
Bath Three Quarters
0
Bath Quarter
0
Association Fee
0

Property Features

Accessible: None Air Conditioning: Central Air Bath Description: Main Floor 1/2 Bath; Upper Level Full Bath; Full Primary; 3/4 Basement Construction Status: Previously Owned Exterior: Other Family Room Characteristics: Loft; Lower Level Financing Terms: Conventional Fuel: Natural Gas Heating: Forced Air Internet Options: Cable Lock Box Type: None Lot Description: Tree Coverage - Medium Road Frontage: Paved Streets Road Responsibility: Public Maintained Road Roof: Age Over 8 Years Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Special Search: 2nd Floor Laundry; 3 BR on One Level; Main Floor Bedroom Stories: Two Water: City Water/Connected

Contract Information

Digitally Altered Photos
No
Off Market Date
2023-12-11
Contingency
None
Closed Date
2024-01-12
Original List Price
2495000
Sales Close Price
3000000
ListPrice
2495000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
1981
Street Name
Fagerness Point
Street Suffix
Road
Postal City
Wayzata
County
Hennepin
State
MN
Zip Code
55391

Assessments

Tax With Assessments
21896
Assessment Balance
0

Building Information

Finished SqFt Above Ground
3668
Finished SqFt Below Ground
1076

More Information

Lake Details

Lake Acres
14205
Lake Depth
113

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Public Survey Info

Range#
23
Section#
18
Township#
117

Office/Member Info

Association
MAAR
MLSID
RMLS

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
LOT 004 FAGERNESS
Listing City
Wayzata
Map Page
117
Municipality
Orono
Rental License?
No
School District
Westonka
School District Phone
952-491-8001
DNR Lake ID#
27013300
DNR Lake Classification
General Development
Lake Chain
N
Zip Plus 4
3232
Property ID Number
1811723140005
Tax Year
2023
Tax Amount
21895
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
268 Feet of Lakeshore on sought after Fagerness Pt. Quiet neighborhood with no thru-traffic.Property has Lakeshore street side and to the large rear yard for beautiful sunsets over West Arm Bay. The home has been prepared for a full renovation or start over with your own design for a new custom home! The large site will support additions to the existing structure with no variances! Please call today for a detailed description of the home and to schedule a tour.
Directions
Shoreline Drive (County Rd 15) to Shadywood Rd (County Rd 19) to Fagerness Point Rd.

Accessible

None
Yes

Air Conditioning

Central Air
Yes

Bath Description

Main Floor 1/2 Bath
Yes
Upper Level Full Bath
Yes
Full Primary
Yes
3/4 Basement
Yes

Construction Status

Previously Owned
Yes

Exterior

Other
Yes

Family Room Characteristics

Loft
Yes
Lower Level
Yes

Financing Terms

Conventional
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Insurance Fee

Insurance Fee
0

Internet Options

Cable
Yes

Lake/Waterfront

Dock
Yes
Lake Front
Yes

Lock Box Type

None
Yes

Lot Description

Tree Coverage - Medium
Yes

Road Frontage

Paved Streets
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age Over 8 Years
Yes

Sellers Terms

Cash
Yes
Conventional
Yes

Sewer

City Sewer/Connected
Yes

Special Search

2nd Floor Laundry
Yes
3 BR on One Level
Yes
Main Floor Bedroom
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

Room Information

Den Dimensions: 10x10 Level: Main Office Dimensions: 11x08 Level: Main Family Room Dimensions: 30x30 Level: Lower Third (3rd) Bedroom Dimensions: 13x11 Level: Upper Second (2nd) Bedroom Dimensions: 16x16 Level: Upper Loft Dimensions: 22x16 Level: Upper Fourth (4th) Bedroom Dimensions: 12x12 Level: Upper Dining Room Dimensions: 12x09 Level: Main Living Room Dimensions: 21x19 Level: Main First (1st) Bedroom Dimensions: 15x15 Level: Main Kitchen Dimensions: 18x13 Level: Main
Listing Office: Coldwell Banker Realty
IDX
Last Updated: August - 08 - 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.