345 Margaret Circle, Wayzata, MN 55391

$2,612,839
Property Type: Residential Bedrooms: 4 Baths: 5 Square Footage: 5,042 Lot Size (sq. ft.): 43,560 Status: Closed
Current Price: $2,612,839 List Date: 5/26/2023 Last Modified: 8/07/2025

Overview

Description

TO BE BUILT: Exceptional opportunity to build the house of your dreams in Wayzata. This lovely homesite is situated on a 1 acre lot surrounded by trees and nature. The gorgeous setting in collaboration with a stunning custom home built by award winning builder Custom One Homes is sure to check all of the boxes! Custom One is known for creating timeless homes with luxurious design elements, functionality & extraordinary crafstmanship delivered with the utmost of integrity. Still time to custom cuild your own home. Welcome to your new home!

Listing Details MLS# 6375454

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
2
Year Built
1956
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
2
Bath Three Quarters
2
Bath Half
Yes
Main Floor Total SqFt
1544
Above Grd Total SqFt
3521
Below Grd Total SqFt
1521
Total SqFt
5042
Total Finished Sqft
3397.00
FireplaceYN
Yes
Style
(SF) Single Family
Foundation Size
1545
Garage Stalls
3
Lot Dimensions
70x75.36x209.56x205.65x314.5
Acres
Yes
Assessment Pending
Unknown
# Carport Spaces
0
Bath Quarter
0
Association Fee
0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Hardwood Floors; In-Ground Sprinkler; Kitchen Center Island; Kitchen Window; Primary Bedroom Walk-In Closet; Walk-In Closet; Washer/Dryer Hookup; Wet Bar Appliances: Dishwasher; Disposal; Energy Star Appliances; Microwave; Range; Refrigerator; Washer; Wine Cooler Bath Description: 3/4 Jack & Jill; Main Floor 1/2 Bath; Upper Level 3/4 Bath; Upper Level Full Bath; Full Primary; Private Primary; 3/4 Basement Construction Status: To Be Built/Floor Plan Dining Room Description: Breakfast Bar; Informal Dining Room Exterior: Cement Board Family Room Characteristics: Family Room; Lower Level Financing Terms: Conventional Fireplace Characteristics: Electric; Family Room; Gas Burning; Living Room Fuel: Natural Gas Heating: Forced Air Laundry: Laundry Room; Upper Level Lot Description: Tree Coverage - Medium Parking Characteristics: Insulated Garage Sewer: City Sewer/Connected Special Search: 4 BR on One Level Stories: Two Water: City Water/Connected

Contract Information

Digitally Altered Photos
No
Off Market Date
2023-11-16
Contingency
None
Closed Date
2024-07-29
Original List Price
2650000
Sales Close Price
2612839
ListPrice
2650000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
345
Street Name
Margaret
Street Suffix
Circle
Postal City
Wayzata
County
Hennepin
State
MN
Zip Code
55391
Complex/Dev/Subdivision
Fazendins Add To Wayzata

Assessments

Tax With Assessments
6970
Assessment Balance
0

Builder Information

Builder ID
CUSTOM ONE HOMES
Builder License Number
1299
Builder Name
CUSTOM ONE HOMES

More Information

Building Information

Finished SqFt Above Ground
2146
Finished SqFt Below Ground
1251

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
31x23
Garage Square Feet
713
Insulated Garage
Yes

Public Survey Info

Range#
22
Section#
31
Township#
118

Office/Member Info

Association
MAAR
MLSID
RMLS

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
LOT 008 BLOCK 001 FAZENDINS ADDN TO WAYZATA
Listing City
Wayzata
Map Page
104
Municipality
Wayzata
Rental License?
No
School District
Wayzata
School District Phone
763-745-5000
Zip Plus 4
1013
Property ID Number
3111822340009
Tax Year
2022
Tax Amount
6970
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
TO BE BUILT: Exceptional opportunity to build the house of your dreams in Wayzata. This lovely homesite is situated on a 1 acre lot surrounded by trees and nature. The gorgeous setting in collaboration with a stunning custom home built by award winning builder Custom One Homes is sure to check all of the boxes! Custom One is known for creating timeless homes with luxurious design elements, functionality & extraordinary crafstmanship delivered with the utmost of integrity. Still time to custom cuild your own home. Welcome to your new home!
Directions
FERNDALE TO RIDGEVIEW DR EAST TO MARGARET CIRCLE

Accessible

None
Yes

Air Conditioning

Central Air
Yes

Amenities Unit

Hardwood Floors
Yes
In-Ground Sprinkler
Yes
Kitchen Center Island
Yes
Kitchen Window
Yes
Primary Bedroom Walk-In Closet
Yes
Walk-In Closet
Yes
Washer/Dryer Hookup
Yes
Wet Bar
Yes

Appliances

Dishwasher
Yes
Disposal
Yes
Energy Star Appliances
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes
Wine Cooler
Yes

Bath Description

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

Construction Status

To Be Built/Floor Plan
Yes

Dining Room Description

Breakfast Bar
Yes
Informal Dining Room
Yes

Exterior

Cement Board
Yes

Family Room Characteristics

Family Room
Yes
Lower Level
Yes

Financing Terms

Conventional
Yes

Fireplace Characteristics

Electric
Yes
Family Room
Yes
Gas Burning
Yes
Living Room
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Insurance Fee

Insurance Fee
0

Laundry

Laundry Room
Yes
Upper Level
Yes

Lot Description

Tree Coverage - Medium
Yes

Patio, Porch and Deck Features

Front Porch
Yes
Screened
Yes

Sewer

City Sewer/Connected
Yes

Special Search

4 BR on One Level
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

Room Information

Athletic Court Dimensions: 30x60 Level: Lower Flex Room Dimensions: 11x11.6 Level: Lower Bar/Wet Bar Room Dimensions: 15x12 Level: Lower Game Room Dimensions: 15x12 Level: Lower Fourth (4th) Bedroom Dimensions: 13x13.6 Level: Upper Third (3rd) Bedroom Dimensions: 13x13.6 Level: Upper Second (2nd) Bedroom Dimensions: 11.6x13 Level: Upper First (1st) Bedroom Dimensions: 17.6x17.6 Level: Upper Office Dimensions: 11.6x11 Level: Main Family Room Dimensions: 19x18 Level: Lower Dining Room Dimensions: 15x13 Level: Main Kitchen Dimensions: 19x11 Level: Main Living Room Dimensions: 19x18 Level: Main
Listing Office: Keller Williams Premier Realty Lake Minnetonka
IDX
Last Updated: August - 07 - 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.