3535 Ivy Place, Wayzata, MN 55391

New Listing
$1,495,000
Property Type: Residential Bedrooms: 6 Baths: 5 Square Footage: 3,979 Lot Size (sq. ft.): 44,431 Status: Active
Current Price: $1,495,000 List Date: 4/07/2026 Last Modified: 4/07/2026

Overview

Description

3535 Ivy Place offers a rare opportunity: just over an acre of land with 90 feet of protected lakefront along Carman’s Bay on Lake Minnetonka. What a community on Casco Point, offering the small lake town feel within minutes of downtown. Navarre, Spring Park and Mound offer so many options for fun and eats. The multi-level home includes six bedrooms and five bathrooms. Remarkably well-preserved, the residence presents multiple possibilities— renovate to enhance its charm, remodel for a modern touch, or remove it to create a custom lakefront retreat. The property’s value surely lies in its setting. With ample space on the lot, there’s potential for storage, outdoor living areas, and additional structures. Inside, the home features hardwood floors, generous windows showcasing lake views, and a versatile layout across multiple levels. While it requires updates, its condition and location make it an exceptional foundation for the right buyer. Properties with this combination of lakefront access and expansive land are seldom available at this price point. This is an invitation to envision a lifestyle defined by Casco Point on Carman’s Bay!

Listing Details MLS# 7049412

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?
No
Waterfront Frontage
90
Waterfront Present
Yes
Year Built
1976
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
3
Bath Three Quarters
2
Main Floor Total SqFt
1334
Above Grd Total SqFt
2824
Below Grd Total SqFt
1155
Total SqFt
3979
Total Finished Sqft
3979.00
FireplaceYN
Yes
Lake/Waterfront Name
Minnetonka
Style
(SF) Single Family
Foundation Size
1263
Garage Stalls
3
Lot Dimensions
Commons
Acres
1.02
Assessment Pending
Yes
Bath Half
0
Bath Quarter
0
Association Fee
0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Ceiling Fan(s); Deck; Hardwood Floors; In-Ground Sprinkler; Kitchen Center Island; Kitchen Window; Natural Woodwork; Panoramic View; Primary Bedroom Walk-In Closet; Vaulted Ceiling(s); Walk-In Closet; Washer/Dryer Hookup Appliances: Air-To-Air Exchanger; Cooktop; Dishwasher; Disposal; Dryer; Electronic Air Filter; Microwave; Range; Refrigerator; Washer Basement: Egress Windows Bath Description: Main Floor Full Bath; Upper Level Full Bath; Private Primary; 3/4 Basement Construction Status: Previously Owned Dining Room Description: Breakfast Area; Separate/Formal Dining Room Exterior: Brick/Stone; Cement Board; Wood Family Room Characteristics: 2 Story/High/Vaulted Ceilings; Entertainment/Media Center; Family Room; Lower Level; Main Level Fireplace Characteristics: Family Room; Gas Burning; Living Room Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Lake Details: Soft Laundry: Upper Level Lot Description: Irregular Lot; Tree Coverage - Medium Pool Description: None Road Frontage: City Street Roof: Asphalt Shingles 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 Waterfront View: Lake

Contract Information

Contingency
None
Original List Price
1495000
ListPrice
1495000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
3535
Street Name
Ivy
Street Suffix
Place
Postal City
Wayzata
County
Hennepin
State
MN
Zip Code
55391

Assessments

Tax With Assessments
17198.12
Assessment Balance
0

Building Information

Finished SqFt Above Ground
2824
Finished SqFt Below Ground
1155

More Information

Lake Details

Lake Acres
14205
Lake Depth
113
Soft
Yes

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
38x23
Garage Square Feet
874

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
LOT 002 BLOCK 001 CASCO COVE
Listing City
Orono
Map Page
117
Municipality
Orono
School District
Westonka
School District Phone
952-491-8001
DNR Lake ID#
27013300
DNR Lake Classification
General Development
Country
US
Property ID Number
2011723420035
Tax Year
2025
Tax Amount
17198.12
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
3535 Ivy Place offers a rare opportunity: just over an acre of land with 90 feet of protected lakefront along Carman’s Bay on Lake Minnetonka. What a community on Casco Point, offering the small lake town feel within minutes of downtown. Navarre, Spring Park and Mound offer so many options for fun and eats. The multi-level home includes six bedrooms and five bathrooms. Remarkably well-preserved, the residence presents multiple possibilities— renovate to enhance its charm, remodel for a modern touch, or remove it to create a custom lakefront retreat. The property’s value surely lies in its setting. With ample space on the lot, there’s potential for storage, outdoor living areas, and additional structures. Inside, the home features hardwood floors, generous windows showcasing lake views, and a versatile layout across multiple levels. While it requires updates, its condition and location make it an exceptional foundation for the right buyer. Properties with this combination of lakefront access and expansive land are seldom available at this price point. This is an invitation to envision a lifestyle defined by Casco Point on Carman’s Bay!
Directions
From intersections of Hwy 15 & 19, go West on 15 1/2 mile. Take a left on Casco Point Road just past the Dairy Queen. Follow Casco Point Road back (windy) for 1.5 miles and make a left at the top of the hill on Casco Circle. Follow Casco Circle one block and take your first left onto Ivy Place.

Accessible

None
Yes

Air Conditioning

Central Air
Yes

Amenities Unit

Ceiling Fan(s)
Yes
Deck
Yes
Hardwood Floors
Yes
In-Ground Sprinkler
Yes
Kitchen Center Island
Yes
Kitchen Window
Yes
Natural Woodwork
Yes
Panoramic View
Yes
Primary Bedroom Walk-In Closet
Yes
Vaulted Ceiling(s)
Yes
Walk-In Closet
Yes
Washer/Dryer Hookup
Yes

Appliances

Air-To-Air Exchanger
Yes
Cooktop
Yes
Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Electronic Air Filter
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Basement

Egress Windows
Yes

Bath Description

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

Construction Status

Previously Owned
Yes

Dining Room Description

Breakfast Area
Yes
Separate/Formal Dining Room
Yes

Exterior

Brick/Stone
Yes
Cement Board
Yes
Wood
Yes

Family Room Characteristics

2 Story/High/Vaulted Ceilings
Yes
Entertainment/Media Center
Yes
Family Room
Yes
Lower Level
Yes
Main Level
Yes

Fireplace Characteristics

Family Room
Yes
Gas Burning
Yes
Living Room
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Insurance Fee

Insurance Fee
0

Lake/Waterfront

Lake Front
Yes
Lake View
Yes

Laundry

Upper Level
Yes

Lot Description

Irregular Lot
Yes
Tree Coverage - Medium
Yes

Patio, Porch and Deck Features

Deck
Yes

Pool Description

None
Yes

Road Frontage

City Street
Yes

Roof

Asphalt Shingles
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

Waterfront View

Lake
Yes

Room Information

Bonus Room Dimensions: 11x7 Level: Lower Dining Room Dimensions: 13x10 Level: Main Family Room Dimensions: 36x23 Level: Lower Fifth (5th) Bedroom Dimensions: 14x13 Level: Upper First (1st) Bedroom Dimensions: 12x9 Level: Main Fourth (4th) Bedroom Dimensions: 17x14 Level: Upper Foyer Dimensions: 14x7 Level: Main Kitchen Dimensions: 18x17 Level: Main Living Room Dimensions: 24x20 Level: Main Primary Bath Dimensions: 15x13 Level: Main Second (2nd) Bedroom Dimensions: 15x13 Level: Main Sixth (6th) Bedroom Dimensions: 12x11 Level: Basement Third (3rd) Bedroom Dimensions: 17x12 Level: Upper

Documents

Listing Office: RE/MAX Preferred
IDX
Last Updated: April - 07 - 2026
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