1981 Fagerness Point Road, Wayzata, MN 55391

$3,289,000
Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 4,838 Lot Size (sq. ft.): 27,443 Status: Closed
Current Price: $3,289,000 List Date: 2/06/2025 Last Modified: 8/06/2025

Overview

Description

Discover this stunning, completely remodeled 4,800+ square foot home in the highly sought-after Fagerness Point neighborhood of Orono, overlooking beautiful Lake Minnetonka. Boasting a main floor primary bedroom and four additional bedrooms on one level, this residence offers ample space with five luxurious baths. Enjoy the elegance of hardwood and tile floors throughout and relax in the spacious family rooms on both the lower and upper levels. With accessible shoreline on both sides of the home you can enjoy West facing sunsets as well as Easterly sunrises. This lakefront gem with 268’ of shoreline features breathtaking West Arm Bay views that make it perfect for lakeside living. Don't miss this rare opportunity!

Listing Details MLS# 6623996

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
2
Bath Three Quarters
2
Bath Half
Yes
Main Floor Total SqFt
2237
Above Grd Total SqFt
3762
Below Grd Total SqFt
1076
Total SqFt
4838
Total Finished Sqft
4832.00
FireplaceYN
Yes
Lake/Waterfront Name
Minnetonka
Style
(SF) Single Family
Foundation Size
2088
Garage Stalls
3
Lot Dimensions
SE100x195x101x176
Acres
0.63
Bath Quarter
0
Association Fee
0

Property Features

Accessible: None Air Conditioning: Central Air; Geothermal Amenities Unit: Balcony; Boat Slip; Main Floor Primary Bedroom; Tile Floors Appliances: Air-To-Air Exchanger; Dishwasher; Disposal; Dryer; Freezer; Refrigerator; Washer; Wine Cooler Basement: 8 ft+ Pour; Drain Tiled; Egress Windows; Poured Concrete; Storage Space; Sump Pump; Tile Shower Bath Description: Double Sink; Full Jack & Jill; Main Floor 1/2 Bath; Main Floor Full Bath; Upper Level 3/4 Bath; Upper Level Full Bath; Full Primary; Private Primary; 3/4 Basement; Bathroom Ensuite Construction Status: Previously Owned Elevation Highpoint to Waterfront Slope: Level Exterior: Brick/Stone; Other Family Room Characteristics: Family Room; Loft Financing Terms: Conventional Foundation: 8 ft+ Pour Fuel: Electric; Natural Gas Heating: Forced Air; Geothermal; In-Floor Heating Lot Description: Accessible Shoreline; Tree Coverage - Medium Parking Characteristics: Tuckunder Garage Road Frontage: City Street; Paved Streets Road Responsibility: Public Maintained Road Roof: Age Over 8 Years Sellers Terms: Cash; Conventional; Other Sewer: City Sewer/Connected Special Search: 2nd Floor Laundry; 3 BR on One Level; 4 BR on One Level; Main Floor Bedroom; Main Floor Primary Stories: Two Water: City Water/Connected Waterfront View: Bay; East; West

Contract Information

Off Market Date
2025-04-14
Contingency
None
Closed Date
2025-05-09
Original List Price
3995000
Sales Close Price
3289000
ListPrice
3499000
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
Complex/Dev/Subdivision
Fagerness

Assessments

Tax With Assessments
26580
Assessment Balance
0

Building Information

Finished SqFt Above Ground
3762
Finished SqFt Below Ground
1070

More Information

Lake Details

Lake Acres
14205
Lake Depth
113

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Door Height
8
Garage Square Feet
759
Tuckunder Garage
Yes

Public Survey Info

Range#
23
Section#
18
Township#
117

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
LOT 004 FAGERNESS
Listing City
Wayzata
Map Page
117
Municipality
Orono
School District
Westonka
School District Phone
952-491-8001
DNR Lake ID#
27013300
DNR Lake Classification
General Development
Zip Plus 4
9240
Property ID Number
1811723140005
Tax Year
2024
Tax Amount
26580
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Discover this stunning, completely remodeled 4,800+ square foot home in the highly sought-after Fagerness Point neighborhood of Orono, overlooking beautiful Lake Minnetonka. Boasting a main floor primary bedroom and four additional bedrooms on one level, this residence offers ample space with five luxurious baths. Enjoy the elegance of hardwood and tile floors throughout and relax in the spacious family rooms on both the lower and upper levels. With accessible shoreline on both sides of the home you can enjoy West facing sunsets as well as Easterly sunrises. This lakefront gem with 268’ of shoreline features breathtaking West Arm Bay views that make it perfect for lakeside living. Don't miss this rare opportunity!
Directions
Shoreline Drive (County Rd 15) to Shadywood Rd (County Rd 19) to Fagerness Point Rd.

Accessible

None
Yes

Air Conditioning

Central Air
Yes
Geothermal
Yes

Amenities Unit

Balcony
Yes
Boat Slip
Yes
Main Floor Primary Bedroom
Yes
Tile Floors
Yes

Appliances

Air-To-Air Exchanger
Yes
Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Freezer
Yes
Refrigerator
Yes
Washer
Yes
Wine Cooler
Yes

Basement

8 ft+ Pour
Yes
Drain Tiled
Yes
Egress Windows
Yes
Poured Concrete
Yes
Storage Space
Yes
Sump Pump
Yes
Tile Shower
Yes

Bath Description

Double Sink
Yes
Full Jack & Jill
Yes
Main Floor 1/2 Bath
Yes
Main Floor Full Bath
Yes
Upper Level 3/4 Bath
Yes
Upper Level Full Bath
Yes
Full Primary
Yes
Private Primary
Yes
3/4 Basement
Yes
Bathroom Ensuite
Yes

Construction Status

Previously Owned
Yes

Elevation Highpoint to Waterfront Slope

Level
Yes

Exterior

Brick/Stone
Yes
Other
Yes

Family Room Characteristics

Family Room
Yes
Loft
Yes

Financing Terms

Conventional
Yes

Foundation

8 ft+ Pour
Yes

Fuel

Electric
Yes
Natural Gas
Yes

Heating

Forced Air
Yes
Geothermal
Yes
In-Floor Heating
Yes

Insurance Fee

Insurance Fee
0

Lake/Waterfront

Dock
Yes
Lake Front
Yes
Lake View
Yes

Lot Description

Accessible Shoreline
Yes
Tree Coverage - Medium
Yes

Patio, Porch and Deck Features

Deck
Yes
Patio
Yes
Terrace
Yes

Road Frontage

City Street
Yes
Paved Streets
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age Over 8 Years
Yes

Sellers Terms

Cash
Yes
Conventional
Yes
Other
Yes

Sewer

City Sewer/Connected
Yes

Special Search

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

Stories

Two
Yes

Water

City Water/Connected
Yes

Waterfront View

Bay
Yes
East
Yes
West
Yes

Room Information

Living Room Dimensions: 21x19 Level: Main Family Room Dimensions: 30x30 Level: Lower Play Room Dimensions: 15x13 Level: Upper Loft Dimensions: 22x16 Level: Upper Third (3rd) Bedroom Dimensions: 14x12 Level: Upper Fourth (4th) Bedroom Dimensions: 12x14 Level: Upper Office Dimensions: 12x9 Level: Upper First (1st) Bedroom Dimensions: 15x14 Level: Main Second (2nd) Bedroom Dimensions: 12x13 Level: Upper Dining Room Dimensions: 12x09 Level: Main Kitchen Dimensions: 29x35 Level: Main
Listing Office: Compass
IDX
Last Updated: August - 06 - 2025
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