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1038 Lake St E, Wayzata, MN, 55391

$4,750,000

5 Bedrooms
2 Full Baths, 1 Partial
5,402 SqFt
$879/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage, Garage Door Opener, Heated Garage, Insulated Garage
Attached Garage3 spaces
Year BuiltNew Const., 2024
HeatingForced Air, Radiant Floor
CoolingCentral Air
BasementYes
FireplaceGas, Living Room
MLS #6569619
StatusActive

About 1038 Lake St E

Luxury new construction set in the heart of Downtown Wayzata. Expertly built by Black Dog Homes, this home features exquisite finishes, a highly functional floorplan and views of Wayzata Bay. Open concept main level includes gourmet kitchen and scullery area, dining area and living room with fireplace. Sun room walks out to stunning patio. Upper level features 4 bedrooms, all with ensuite baths and walk-in closets. Beautiful primary suite with lake views, luxurious bath and spacious walk-in closet. Dedicated upper level laundry for added convenience. Lower level family room provides the perfect entertaining space. Separate exercise room and golf simulator. In-floor radiant heat throughout lower level and garage. Elevator provides access to all three levels of home, providing convenience and accessibility. Enhanced landscaping package. Incredible location just down the street from all of Wayzata's premier amenities. Home designed by Alexander Design Group and Vivid Home. Open on Artisan Tour Friday-Sunday until October 20th, 12pm - 6pm.

Property Details

Property Features

Property Information:

  • Year Built: 2024
  • Living Area: 5,402 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Exhaust Fan, Freezer, Range, Refrigerator, Washer
  • Basement: Yes
  • Fireplace: Gas, Living Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Garage Door Opener, Heated Garage, Insulated Garage

Lot Features

Lot Information:

  • Lot: Few Trees

Utilities

Utilities Information:

  • Heating: Forced Air, Radiant Floor
  • Cooling: Central Air

Other

Directions Information:

  • Directions: East on Lake Street E to cul-de-sac. Continue straight on cul-de-sac. Homesite on right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $4,750,000
  • Price Per SqFt: $879/SqFt
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Housing Market Comparison

See how this home compares to others in Wayzata, MN.

Med. Sold Price

$969.1K

Med. Price/SqFt

$326

Avg. Days On Market

46

# of Sold Homes

26

1038 Lake St E vs Wayzata

46 DAYS ON ROCKET

-0 Day

$4,750,000

+$3.7M More

$879/SqFt

+$553 More

KEY TAKEAWAY

This property is $3.7M more than the Median Sold Price and $553/SqFt more than other homes in Wayzata, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6569619

Listing Office:

  • Office Name: Coldwell Banker Realty

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Property Sales & Tax

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Payment Calculator

$23.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$14.3K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-249966
7
/10
  • Gleason Lake Elementary School

  • 310 County Road 101 N

  • 0.96 miles

  • Public District Grades KG-5

school-card-donut-249967
4
/10
  • Birchview Elementary School

  • 425 Ranchview Ln N

  • 1.65 miles

  • Public District Grades KG-5

school-card-donut-249968
10
/10
  • Groveland Elementary

  • 17310 Minnetonka Blvd

  • 1.73 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $61,932. The majority of Wayzata, MN residents have income between $35k-100k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1038 Lake St E

What is the listing price of this property?

The listing price of 1038 Lake St E property is $4,750,000.

What type of property is this?

The property 1038 Lake St E is a house located in Wayzata, Minnesota, 55391.

Is this property for sale now?

Active Listing: 1038 Lake St E is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 1038 Lake St E has 5 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 1038 Lake St E is 5,402 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1038 Lake St E is 2024.
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Rocket Homes›Minnesota›Hennepin County›Wayzata›55391›1038 Lake St E

This home is located at 1038 Lake St E in Wayzata, MN and zip code 55391. This 5,402 square foot home was built in 2024. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since October 05, 2024 and is currently priced at $4,750,000.

While more than 6 listings in Wayzata, MN in October 2024 were sold above asking price, there were more than 6 listings sold at asking price, and more than 14 were sold below. In October 2024 in Wayzata, MN there were 10.9% more homes for sale than in September 2024. Listings spent 46 days on the market in October 2024, and had a median list price of $969,166 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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