875 Lake Street N, 402, Wayzata, MN 55391

$2,100,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 2,100 Lot Size (sq. ft.): 71,003 Status: Closed
Current Price: $2,100,000 List Date: 5/06/2025 Last Modified: 8/06/2025

Overview

Description

Luxury living in the heart of charming downtown Wayzata! Welcome to #402 at The Regatta, a premier top-floor residence in one of Wayzata’s most coveted condo communities. Bathed in natural light, this spacious and elegantly designed unit features wide-plank hardwood floors, custom built-ins, stone finishes, and upscale touches throughout. The open-concept living space flows effortlessly to a generous balcony, ideal for morning coffee or evening cocktails. Gourmet entertaining is made easy with high-end appliances and dual wine refrigerators perfectly positioned near the dining area. A versatile flex space offers the perfect setting for a home office or cozy reading nook. The serene primary suite boasts a private balcony, a walk-in closet, and a sleek ¾ bath with spa-inspired finishes. Additional highlights include two dedicated parking stalls (67 & 68), a storage locker, and access to exceptional building amenities, including two stylish clubrooms, a fully equipped fitness center, and a beautifully landscaped courtyard. All of this located just steps from Wayzata’s vibrant dining scene, boutique shopping, lakeside activities, and year-round community events on the shores of Lake Minnetonka.

Listing Details MLS# 6677138

General Property Information

Assoc Mgmt Co. Phone #
952-277-2700
Association Fee Frequency
Monthly
Association Mgmt Co. Name
First Service Residential
Common Wall
Yes
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
Yes
Year Built
2015
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Three Quarters
2
Main Floor Total SqFt
2100
Above Grd Total SqFt
2100
Total SqFt
2100
Total Finished Sqft
2100.00
FireplaceYN
Yes
Style
(CC) High Rise (4+ Levels)
Foundation Size
2100
Association Fee
1464
Garage Stalls
2
Lot Dimensions
Common
Acres
1.63
Bath Half
0
Bath Quarter
0
Below Grd Total SqFt
0

Property Features

Accessible: Accessible Elevator Installed Air Conditioning: Central Air Amenities Shared: Car Wash; Elevator(s); Fire Sprinkler System; Lobby; Patio Amenities Unit: Ceiling Fan(s); Hardwood Floors; Porch; Primary Bedroom Walk-In Closet Appliances: Cooktop; Dishwasher; Disposal; Dryer; Microwave; Refrigerator; Washer; Wine Cooler; Other Association Fee Includes: Building Exterior; Cable TV; Gas; Internet; Outside Maintenance; Parking Space; Professional Mgmt; Sanitation; Shared Amenities; Snow Removal; Water; Other Basement: None Bath Description: Double Sink; Main Floor 3/4 Bath; 3/4 Primary; Private Primary; Walk-In Shower Stall Construction Status: Previously Owned Dining Room Description: Living/Dining Room Exterior: Brick/Stone Financing Terms: Cash Fireplace Characteristics: Gas Burning; Living Room Foundation: None Fuel: Natural Gas Heating: Forced Air Laundry: In Unit; Laundry Room; Sink Parking Characteristics: Assigned; Garage Door Opener; Heated Garage Sewer: City Sewer/Connected Shared Rooms: Community Room; Exercise Room Special Search: All Living Facilities on One Level; Primary Bdr Suite Stories: One Water: City Water/Connected

Contract Information

Off Market Date
2025-06-02
Contingency
None
Closed Date
2025-07-25
Original List Price
2200000
Sales Close Price
2100000
ListPrice
2200000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
875
Street Name
Lake
Street Suffix
Street
Street Direction Suffix
N
Unit Number
402
Postal City
Wayzata
County
Hennepin
State
MN
Zip Code
55391
Complex/Dev/Subdivision
Cic 1991 Regetta Wayzata Bay Resid

Assessments

Tax With Assessments
18340
Assessment Balance
0

Building Information

Finished SqFt Above Ground
2100

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
22
Section#
06
Township#
117

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
Yes
Legal Description
CIC NO 1991 REGETTA WAYZATA BAY RESID UNIT NO 402
Listing City
Wayzata
Map Page
104
Municipality
Wayzata
School District
Wayzata
School District Phone
763-745-5000
County Abbreviation
402
Zip Plus 4
2762
Property ID Number
0611722410158
Tax Year
2025
Tax Amount
18340
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Luxury living in the heart of charming downtown Wayzata! Welcome to #402 at The Regatta, a premier top-floor residence in one of Wayzata’s most coveted condo communities. Bathed in natural light, this spacious and elegantly designed unit features wide-plank hardwood floors, custom built-ins, stone finishes, and upscale touches throughout. The open-concept living space flows effortlessly to a generous balcony, ideal for morning coffee or evening cocktails. Gourmet entertaining is made easy with high-end appliances and dual wine refrigerators perfectly positioned near the dining area. A versatile flex space offers the perfect setting for a home office or cozy reading nook. The serene primary suite boasts a private balcony, a walk-in closet, and a sleek ¾ bath with spa-inspired finishes. Additional highlights include two dedicated parking stalls (67 & 68), a storage locker, and access to exceptional building amenities, including two stylish clubrooms, a fully equipped fitness center, and a beautifully landscaped courtyard. All of this located just steps from Wayzata’s vibrant dining scene, boutique shopping, lakeside activities, and year-round community events on the shores of Lake Minnetonka.
Directions
Wayzata Boulevard, south on Superior, east on Lake Street to Regatta.

Accessible

Accessible Elevator Installed
Yes

Air Conditioning

Central Air
Yes

Amenities Shared

Car Wash
Yes
Elevator(s)
Yes
Fire Sprinkler System
Yes
Lobby
Yes
Patio
Yes

Amenities Unit

Ceiling Fan(s)
Yes
Hardwood Floors
Yes
Porch
Yes
Primary Bedroom Walk-In Closet
Yes

Appliances

Cooktop
Yes
Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes
Wine Cooler
Yes
Other
Yes

Association Fee Includes

Building Exterior
Yes
Cable TV
Yes
Gas
Yes
Internet
Yes
Outside Maintenance
Yes
Parking Space
Yes
Professional Mgmt
Yes
Sanitation
Yes
Sewer
Yes
Shared Amenities
Yes
Snow Removal
Yes
Water
Yes
Other
Yes

Basement

None
Yes

Bath Description

Double Sink
Yes
Main Floor 3/4 Bath
Yes
3/4 Primary
Yes
Private Primary
Yes
Walk-In Shower Stall
Yes

Construction Status

Previously Owned
Yes

Dining Room Description

Living/Dining Room
Yes

Exterior

Brick/Stone
Yes

Financing Terms

Cash
Yes

Fireplace Characteristics

Gas Burning
Yes
Living Room
Yes

Foundation

None
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Insurance Fee

Insurance Fee
0

Laundry

In Unit
Yes
Laundry Room
Yes
Sink
Yes

Parking Characteristics

Assigned
Yes
Garage Door Opener
Yes
Heated Garage
Yes

Restriction/Covenants

Mandatory Owners Assoc
Yes
Pets - Cats Allowed
Yes
Pets - Dogs Allowed
Yes
Pets - Number Limit
Yes
Pets - Weight/Height Limit
Yes
Rental Restrictions May Apply
Yes

Sewer

City Sewer/Connected
Yes

Shared Rooms

Community Room
Yes
Exercise Room
Yes

Special Search

All Living Facilities on One Level
Yes
Primary Bdr Suite
Yes

Stories

One
Yes

Water

City Water/Connected
Yes

Room Information

Second (2nd) Bedroom Dimensions: 15x13 Level: Main Kitchen Dimensions: 12x15 Level: Main Dining Room Dimensions: 18x12 Level: Main First (1st) Bedroom Dimensions: 16x13 Level: Main Flex Room Dimensions: 15x12 Level: Main Living Room Dimensions: 18x12 Level: Main

Documents

Listing Office: Compass
IDX
Last Updated: August - 06 - 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.