540 Indian Mound Street, 4B, Wayzata, MN 55391

$3,600,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,700 Lot Size (sq. ft.): 2,178 Status: Closed
Current Price: $3,600,000 List Date: 5/31/2023 Last Modified: 8/08/2025

Overview

Description

Come see this once in a lifetime opportunity to own a premier condo in downtown Wayzata. Enjoy spectacular panoramic views of Wayzata Bay on Lake Minnetonka. This sun-filled south facing property offers an open layout with picturesque views of the lake and access to the patio from almost every room! This beautiful top floor unit was completely renovated with a designer and includes all high-end finishes. The gourmet kitchen offers an extra-large island with bar seating for kitchen gatherings, stone counters, high-end appliances, Sub-Zero fridge, Wolf range, and custom lighting. Updates include hardwood floors, heated tile in bathroom floors, gas fireplaces, formal living & dining areas, and a family room off of the kitchen. Enjoy the lake view from 72 feet of patio with views from every angle that sits above the only residential green space on Lake Street. This condo is located in a prime location within Wayzata with walkability to local restaurants, shops & the beach!

Listing Details MLS# 6377570

General Property Information

Assoc Mgmt Co. Phone #
651-233-1307
Association Fee Frequency
Monthly
Association Mgmt Co. Name
RowCal
Common Wall
Yes
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
2
Waterfront Present
No
Year Built
1979
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Three Quarters
2
Bath Half
Yes
Main Floor Total SqFt
2700
Above Grd Total SqFt
2700
Total SqFt
2700
Total Finished Sqft
2700.00
FireplaceYN
Yes
Lake/Waterfront Name
Minnetonka
Style
(CC) High Rise (4+ Levels)
Foundation Size
2700
Power Company
Xcel Energy
Association Fee
1916
Garage Stalls
2
Acres
0.05
# Carport Spaces
0
Lot Dimensions
No
Bath Quarter
0
Below Grd Total SqFt
0

Property Features

Accessible: Accessible Elevator Installed Air Conditioning: Central Air Amenities Shared: In-Ground Sprinkler System; Lobby; Security Building Amenities Unit: Balcony; Cable; Deck; Ethernet Wired; Exercise Room; Hardwood Floors; In-Ground Sprinkler; Intercom System; Kitchen Center Island; Kitchen Window; Main Floor Primary Bedroom; Natural Woodwork; Panoramic View; Porch; Primary Bedroom Walk-In Closet; Tile Floors; Walk-In Closet; Washer/Dryer Hookup Appliances: Cooktop; Dishwasher; Disposal; Double Oven; Dryer; Microwave; Refrigerator; Washer; Water Osmosis System Association Fee Includes: Building Exterior; Gas; Hazard Insurance; Lawn Care; Outside Maintenance; Parking Space; Professional Mgmt; Sanitation; Shared Amenities; Snow Removal Basement: None Bath Description: Double Sink; Main Floor 1/2 Bath; Main Floor 3/4 Bath; 3/4 Primary; Private Primary; Two Primary Baths Construction Materials: Brick Construction Status: Previously Owned Dining Room Description: Breakfast Area; Eat In Kitchen; Kitchen/Dining Room; Living/Dining Room; Separate/Formal Dining Room Electric: Circuit Breakers Exterior: Brick/Stone Family Room Characteristics: Main Level Fencing: Partial Financing Terms: Cash Fireplace Characteristics: Family Room; Gas Burning; Living Room Fuel: Natural Gas Heating: Baseboard; Hot Water; In-Floor Heating Internet Options: Cable Laundry: Gas Dryer Hookup; In Unit; Laundry Closet; Washer Hookup Lock Box Type: Combo Lot Description: Tree Coverage - Light Parking Characteristics: Assigned; Floor Drain; Garage Door Opener; Heated Garage; Secured Pool Description: None Road Frontage: City Street; Paved Streets; Sidewalks Roof: Flat; Rubber Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Special Search: 3 BR on One Level; All Living Facilities on One Level; Main Floor Laundry Stories: One Water: City Water/Connected Waterfront View: Lake; South

Contract Information

Off Market Date
2023-06-03
Contingency
None
Closed Date
2023-07-17
Original List Price
3500000
Sales Close Price
3600000
ListPrice
3500000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
540
Street Name
Indian Mound
Street Suffix
Street
Unit Number
4B
Postal City
Wayzata
County
Hennepin
State
MN
Zip Code
55391
Complex/Dev/Subdivision
Condo 0110 Wayzata Place Condo

Assessments

Tax With Assessments
23141
Assessment Balance
0

Building Information

Finished SqFt Above Ground
2700

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 Stall ID#
31 & 37
Assigned
Yes
Floor Drain
Yes
Garage Door Opener
Yes
Heated Garage
Yes
Secured
Yes

Public Survey Info

Range#
22
Section#
06
Township#
117

Office/Member Info

Association
SPAAR
MLSID
RMLS

Location, Tax and Other Information

AssocFeeYN
Yes
Legal Description
CONDO NO 0110 WAYZATA PLACE CONDO APT NO 24
Listing City
Wayzata
Map Page
104
Municipality
Wayzata
Rental License?
No
School District
Wayzata
School District Phone
763-745-5000
DNR Lake ID#
27013300
DNR Lake Classification
General Development
County Abbreviation
4B
Lake Chain
N
Zip Plus 4
5162
Property ID Number
0611722310077
Tax Year
2022
Tax Amount
23141
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Come see this once in a lifetime opportunity to own a premier condo in downtown Wayzata. Enjoy spectacular panoramic views of Wayzata Bay on Lake Minnetonka. This sun-filled south facing property offers an open layout with picturesque views of the lake and access to the patio from almost every room! This beautiful top floor unit was completely renovated with a designer and includes all high-end finishes. The gourmet kitchen offers an extra-large island with bar seating for kitchen gatherings, stone counters, high-end appliances, Sub-Zero fridge, Wolf range, and custom lighting. Updates include hardwood floors, heated tile in bathroom floors, gas fireplaces, formal living & dining areas, and a family room off of the kitchen. Enjoy the lake view from 72 feet of patio with views from every angle that sits above the only residential green space on Lake Street. This condo is located in a prime location within Wayzata with walkability to local restaurants, shops & the beach!
Directions
Lake St to Mtka Ave to Indian Mound

Accessible

Accessible Elevator Installed
Yes

Air Conditioning

Central Air
Yes

Amenities Shared

In-Ground Sprinkler System
Yes
Lobby
Yes
Security Building
Yes

Amenities Unit

Balcony
Yes
Cable
Yes
Deck
Yes
Ethernet Wired
Yes
Exercise Room
Yes
Hardwood Floors
Yes
In-Ground Sprinkler
Yes
Intercom System
Yes
Kitchen Center Island
Yes
Kitchen Window
Yes
Main Floor Primary Bedroom
Yes
Natural Woodwork
Yes
Panoramic View
Yes
Porch
Yes
Primary Bedroom Walk-In Closet
Yes
Tile Floors
Yes
Walk-In Closet
Yes
Washer/Dryer Hookup
Yes

Appliances

Cooktop
Yes
Dishwasher
Yes
Disposal
Yes
Double Oven
Yes
Dryer
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes
Water Osmosis System
Yes

Association Fee Includes

Building Exterior
Yes
Gas
Yes
Hazard Insurance
Yes
Heating
Yes
Lawn Care
Yes
Outside Maintenance
Yes
Parking Space
Yes
Professional Mgmt
Yes
Sanitation
Yes
Shared Amenities
Yes
Snow Removal
Yes

Basement

None
Yes

Bath Description

Double Sink
Yes
Main Floor 1/2 Bath
Yes
Main Floor 3/4 Bath
Yes
3/4 Primary
Yes
Private Primary
Yes
Two Primary Baths
Yes

Construction Materials

Brick
Yes

Construction Status

Previously Owned
Yes

Dining Room Description

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

Electric

Circuit Breakers
Yes

Exterior

Brick/Stone
Yes

Family Room Characteristics

Main Level
Yes

Fencing

Partial
Yes

Financing Terms

Cash
Yes

Fireplace Characteristics

Family Room
Yes
Gas Burning
Yes
Living Room
Yes

Fuel

Natural Gas
Yes

Heating

Baseboard
Yes
Hot Water
Yes
In-Floor Heating
Yes

Insurance Fee

Insurance Fee
0

Internet Options

Cable
Yes

Lake/Waterfront

Lake View
Yes
Other
Yes

Laundry

Gas Dryer Hookup
Yes
In Unit
Yes
Laundry Closet
Yes
Washer Hookup
Yes

Lock Box Type

Combo
Yes

Lot Description

Tree Coverage - Light
Yes

Patio, Porch and Deck Features

Porch
Yes

Pool Description

None
Yes

Restriction/Covenants

Mandatory Owners Assoc
Yes
Pets - Cats Allowed
Yes
Pets - Dogs Allowed
Yes
Pets - Number Limit
Yes

Road Frontage

City Street
Yes
Paved Streets
Yes
Sidewalks
Yes

Roof

Flat
Yes
Rubber
Yes

Sellers Terms

Cash
Yes
Conventional
Yes

Sewer

City Sewer/Connected
Yes

Special Search

3 BR on One Level
Yes
All Living Facilities on One Level
Yes
Main Floor Laundry
Yes

Stories

One
Yes

Water

City Water/Connected
Yes

Waterfront View

Lake
Yes
South
Yes

Room Information

Deck Dimensions: 72x8 Level: Main Third (3rd) Bedroom Dimensions: 10x15 Level: Main Second (2nd) Bedroom Dimensions: 13x11 Level: Main First (1st) Bedroom Dimensions: 19x14 Level: Main Kitchen Dimensions: 17x14 Level: Main Family Room Dimensions: 13x16 Level: Main Dining Room Dimensions: 16x13 Level: Main Living Room Dimensions: 17x13 Level: Main
Listing Office: RE/MAX Advantage Plus
IDX
Last Updated: August - 08 - 2025
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