3141 Fairchild Avenue, Wayzata, MN 55391

$2,749,000
Property Type: Residential Bedrooms: 6 Baths: 5 Square Footage: 5,984 Lot Size (sq. ft.): 89,734 Status: Active
Current Price: $2,749,000 List Date: 3/18/2026 Last Modified: 3/27/2026

Overview

Description

Comprehensively rebuilt and expanded in 2020, this 5,000+ square foot home sits on 2.06 acres backing to protected natural wetlands in the Libbs Lake area. The property was reimagined from the studs up, with high-quality finishes, several thoughtful additions, and updated systems that live like new construction. The main level features a great room with floor-to-ceiling windows, an open chef’s kitchen with professional appliances, formal dining, and a dedicated, spacious main-level office. These spaces open to a large deck overlooking the private acreage and wetlands beyond. The primary suite includes a spa-inspired bath with a French soaking tub and frameless glass shower. The home includes six bedrooms, five bathrooms, a gym, media room, expansive screened lower-level porch, and substantial flex space suitable for offices, studio use, guest accommodations, or entertainment areas. The 2.06-acre site also includes a large, detached garage, raised garden beds and offers potential space for a pool, or studio structure (buyer to verify local approvals). Additional features include a heated 4-car attached garage and deeded dock access to Libbs Lake shoreline, which accesses Lake Minnetonka. Located minutes from downtown Wayzata, downtown Excelsior, regional trails, dining, and assigned to the Minnetonka School District.

Open Houses

Listing Details MLS# 7038449

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
2
Road Btwn WF & Home?
Yes
Waterfront Present
No
Year Built
1975
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
3
Bath Three Quarters
Yes
Bath Half
Yes
Main Floor Total SqFt
3550
Above Grd Total SqFt
3848
Below Grd Total SqFt
2136
Total SqFt
5984
Total Finished Sqft
5090.00
FireplaceYN
Yes
Lake/Waterfront Name
Libbs
Style
(SF) Single Family
Foundation Size
1214
Garage Stalls
4
Lot Dimensions
123x847x92x834
Acres
2.06
Assessment Pending
Unknown
Bath Quarter
0
Association Fee
0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Deck; Dock; Exercise Room; Hardwood Floors; In-Ground Sprinkler; Kitchen Center Island; Kitchen Window; Natural Woodwork; Paneled Doors; Panoramic View; Patio; Porch; Primary Bedroom Walk-In Closet; Sauna; Security Lights; Security System; Sun Room; Tile Floors; Walk-In Closet Appliances: Chandelier; Cooktop; Dishwasher; Disposal; Dryer; Energy Star Appliances; Freezer; Indoor Grill; Microwave; Range; Refrigerator; Washer; Water Filtration System; Water Osmosis System Assumable Loan: Not Assumable Basement: Drain Tiled; Full; Poured Concrete; Storage Space; Storage/Locker Bath Description: Double Sink; Full Jack & Jill; His and Her Closets; Sauna; Main Floor 1/2 Bath; Upper Level Full Bath; Full Primary; Private Primary; Full Basement; Bathroom Ensuite; Separate Tub & Shower; Walk-In Shower Stall Construction Materials: Block; Concrete Construction Status: Previously Owned Dining Room Description: Breakfast Area; Eat In Kitchen; Kitchen/Dining Room; Separate/Formal Dining Room Electric: 200+ Amp Service Elevation Highpoint to Waterfront Slope: Gradual Exterior: Block; Cedar; Cement Board; Metal Family Room Characteristics: 2 or More; Entertainment/Media Center; Family Room; Great Room; Lower Level; Main Level Fencing: Invisible Fireplace Characteristics: Insert; Amusement Room; Family Room; Gas Burning Foundation: Other Fuel: Natural Gas Heating: Forced Air Lake Details: Soft Laundry: In Hall; Laundry Room; Sink; Upper Level Lot Description: Irregular Lot; Tree Coverage - Medium Outbuildings: Additional Garage; Chicken Coop/Barn Parking Characteristics: Finished Garage; Garage Door Opener; Heated Garage Road Frontage: City Street; Paved Streets Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Asphalt Shingles; Pitched Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Special Search: 2nd Floor Laundry; 4 BR on One Level; Divided Bdr Flr Plan; Primary Bdr Suite; Renovated Stories: Two Water: City Water/Connected Waterfront View: Bay; Lake; Panoramic; North; South; West; See Remarks

Contract Information

Contingency
None
Original List Price
2749000
ListPrice
2749000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
3141
Street Name
Fairchild
Street Suffix
Avenue
Postal City
Wayzata
County
Hennepin
State
MN
Zip Code
55391

Assessments

Tax With Assessments
23332.36
Assessment Balance
0

Building Information

Finished SqFt Above Ground
3252
Finished SqFt Below Ground
1838

More Information

Elevation Highpoint to Waterfront Feet

Elevation Highpoint Waterfront Feet
4-10

Lake Details

Lake Acres
22
Lake Depth
8
Soft
Yes

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
1032
Finished Garage
Yes
Garage Door Opener
Yes
Heated Garage
Yes

Public Survey Info

Range#
22
Section#
17
Township#
117

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
REG. LAND SURVEY NO. 1353 TRACT H EX ROAD
Listing City
Wayzata
Map Page
118
Municipality
Minnetonka
School District
Minnetonka
School District Phone
952-401-5000
DNR Lake ID#
27008500
DNR Lake Classification
General Development
Zip Plus 4
2909
Property ID Number
1711722140013
Tax Year
2026
Tax Amount
28298.94
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Comprehensively rebuilt and expanded in 2020, this 5,000+ square foot home sits on 2.06 acres backing to protected natural wetlands in the Libbs Lake area. The property was reimagined from the studs up, with high-quality finishes, several thoughtful additions, and updated systems that live like new construction. The main level features a great room with floor-to-ceiling windows, an open chef’s kitchen with professional appliances, formal dining, and a dedicated, spacious main-level office. These spaces open to a large deck overlooking the private acreage and wetlands beyond. The primary suite includes a spa-inspired bath with a French soaking tub and frameless glass shower. The home includes six bedrooms, five bathrooms, a gym, media room, expansive screened lower-level porch, and substantial flex space suitable for offices, studio use, guest accommodations, or entertainment areas. The 2.06-acre site also includes a large, detached garage, raised garden beds and offers potential space for a pool, or studio structure (buyer to verify local approvals). Additional features include a heated 4-car attached garage and deeded dock access to Libbs Lake shoreline, which accesses Lake Minnetonka. Located minutes from downtown Wayzata, downtown Excelsior, regional trails, dining, and assigned to the Minnetonka School District.
Directions
I-494 to west on Minnetonka Blvd to north on Fairchild Ave to home on right.

Accessible

None
Yes

Air Conditioning

Central Air
Yes

Amenities Unit

Deck
Yes
Dock
Yes
Exercise Room
Yes
Hardwood Floors
Yes
In-Ground Sprinkler
Yes
Kitchen Center Island
Yes
Kitchen Window
Yes
Natural Woodwork
Yes
Paneled Doors
Yes
Panoramic View
Yes
Patio
Yes
Porch
Yes
Primary Bedroom Walk-In Closet
Yes
Sauna
Yes
Security Lights
Yes
Security System
Yes
Sun Room
Yes
Tile Floors
Yes
Walk-In Closet
Yes

Appliances

Chandelier
Yes
Cooktop
Yes
Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Energy Star Appliances
Yes
Freezer
Yes
Indoor Grill
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes
Water Filtration System
Yes
Water Osmosis System
Yes

Assumable Loan

Not Assumable
Yes

Basement

Drain Tiled
Yes
Full
Yes
Poured Concrete
Yes
Storage Space
Yes
Storage/Locker
Yes

Bath Description

Double Sink
Yes
Full Jack & Jill
Yes
His and Her Closets
Yes
Sauna
Yes
Main Floor 1/2 Bath
Yes
Upper Level Full Bath
Yes
Full Primary
Yes
Private Primary
Yes
Basement
Yes
Full Basement
Yes
Bathroom Ensuite
Yes
Separate Tub & Shower
Yes
Walk-In Shower Stall
Yes

Construction Materials

Block
Yes
Concrete
Yes

Construction Status

Previously Owned
Yes

Dining Room Description

Breakfast Area
Yes
Eat In Kitchen
Yes
Kitchen/Dining Room
Yes
Separate/Formal Dining Room
Yes

Electric

200+ Amp Service
Yes

Elevation Highpoint to Waterfront Slope

Gradual
Yes

Exterior

Block
Yes
Cedar
Yes
Cement Board
Yes
Metal
Yes

Family Room Characteristics

2 or More
Yes
Entertainment/Media Center
Yes
Family Room
Yes
Great Room
Yes
Lower Level
Yes
Main Level
Yes

Fencing

Invisible
Yes

Fireplace Characteristics

Insert
Yes
Amusement Room
Yes
Family Room
Yes
Gas Burning
Yes

Foundation

Other
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Insurance Fee

Insurance Fee
0

Lake/Waterfront

Deeded Access
Yes
Dock
Yes
Lake View
Yes
Shared
Yes

Laundry

In Hall
Yes
Laundry Room
Yes
Sink
Yes
Upper Level
Yes

Lot Description

Irregular Lot
Yes
Tree Coverage - Medium
Yes

Outbuildings

Additional Garage
Yes
Chicken Coop/Barn
Yes

Patio, Porch and Deck Features

Composite Decking
Yes
Covered
Yes
Deck
Yes
Front Porch
Yes
Glass Enclosed
Yes
Patio
Yes
Porch
Yes
Rear Porch
Yes
Screened
Yes

Road Frontage

City Street
Yes
Paved Streets
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age Over 8 Years
Yes
Asphalt Shingles
Yes
Pitched
Yes

Sellers Terms

Cash
Yes
Conventional
Yes

Sewer

City Sewer/Connected
Yes

Special Search

2nd Floor Laundry
Yes
4 BR on One Level
Yes
Divided Bdr Flr Plan
Yes
Primary Bdr Suite
Yes
Renovated
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

Waterfront View

Bay
Yes
Lake
Yes
Panoramic
Yes
North
Yes
South
Yes
West
Yes
See Remarks
Yes

Room Information

Amusement Room Dimensions: 31'3 x 11'2 Level: Lower Dining Room Dimensions: 27'3 x11.5 Level: Main Exercise Room Dimensions: 19'5x16'2 Level: Lower Family Room Dimensions: 18'9x13'2 Level: Lower Fifth (5th) Bedroom Dimensions: 15'4x15'7 Level: Lower First (1st) Bedroom Dimensions: 15x13.4 Level: Upper Fourth (4th) Bedroom Dimensions: 11'11x11'4 Level: Upper Kitchen Dimensions: 15'9 x 17 Level: Main Laundry Dimensions: 6'11x6'9 Level: Upper Living Room Dimensions: 19'6 x 16'4 Level: Main Office Dimensions: 17'10x13'10 Level: Main Screened Porch Dimensions: 20'11x16'2 Level: Lower Second (2nd) Bedroom Dimensions: 13'11x10 Level: Upper Third (3rd) Bedroom Dimensions: 10.5x14.9 Level: Upper

Documents

Listing Office: Coldwell Banker Realty
IDX
Last Updated: March - 27 - 2026
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.