308 Ferndale Road W is finest available off lake Wayzata estate site for you to create your vision. Nestled among the prime Gold Coast properties of Ferndale, Highcroft and the Harrington Bell property, 308 Ferndale is surrounded by majestic Oaks, Pines and Maples with a sprawling lawn rolling out to the South. Fabulous sun exposure with peekaboo water views of Wayzata Bay give you options for focal points in your design. Seller and their renowned architect have developed two distinct concept homes. Both concepts capture the beauty of the site while presenting very different layout options while capitalizing on the beauty and privacy of this rare property. See photos for concept previews - plans available along with a meeting with the architect to fine tune. Please note: the existing grading and tree coverage makes it difficult to envision the site without the aid of a survey and overview of the current design ideas. You can build your dream with your own design and builder or springboard off the concept plans to create your own vision. Walk to all the charm and fun of Wayzata village. Take advantage of a city dock, available through Wayzata city lottery.
Property Details
Property Features
Listing Office:
Office Name: Coldwell Banker Realty
Exterior Features
Exterior Information:
Waterfront: Lake
Lot Features
Lot Information:
Lot: Cleared, Irregular Lot, Many Trees, Few Trees, Some Trees, Underground Utilities
Other
Directions Information:
Directions: Ferndale Rd S to Ferndale Rd W, go south on driveway to 308
Price Information
Listing Price Info
Price Summary:
List Price: $3,475,000
Tax Information:
Annual Amount: $28,716
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Wayzata, MN.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. No part of this search utility may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise. Home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
DMCA Notice Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 10:22:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jul 08, 2005
Jul 08, 2005Home Sold
$1,875,000
Jan 12, 2004
Jan 12, 2004Home Sold
$1,400,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$28,716
$1,861,000
2019
$28,584
$1,820,000
2018
$24,815
$1,586,000
2017
$25,288
$1,602,000
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$17.4K
Per Month
Principal & Interest
$17.3K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$10.4K
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Gleason Lake Elementary School
310 County Road 101 N
Distance between this listing and this school1.90 miles
Public District Grades KG-5
10
/10
Groveland Elementary
17310 Minnetonka Blvd
Distance between this listing and this school2.03 miles
Public District Grades KG-5
8
/10
Deephaven Elementary
4452 Vinehill Rd
Distance between this listing and this school2.69 miles
Public District Grades KG-5
Nearby Schools
8
/10
West Middle School
149 Barry Ave N
Distance between this listing and this school1.06 miles
Public District Grades 6-8
7
/10
Central Middle School
305 Vicksburg Ln N
Distance between this listing and this school2.65 miles
Public District Grades 6-8
9
/10
Minnetonka Middle School East
17000 Lake Street Ext
Distance between this listing and this school2.86 miles
Public District Grades 6-8
Nearby Schools
10
/10
Minnetonka High School
18301 Highway 7
Distance between this listing and this school3.74 miles
Public District Grades 9-12
9
/10
Orono High School
795 N Old Crystal Bay Rd
Distance between this listing and this school3.94 miles
Public District Grades 9-12
5
/10
Hopkins West Junior High
3830 Baker Rd
Distance between this listing and this school4.38 miles
The neighbors living near this home have an average income of $113,362. Residents of Wayzata, MN typically earn $200k+ each year. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 308 Ferndale Rd W
What is the listing price of this property?
The listing price of 308 Ferndale Rd W property is $3,475,000.
What type of property is this?
The property 308 Ferndale Rd W is land located in Wayzata, Minnesota, 55391.
Is this property for sale now?
Active Listing: 308 Ferndale Rd W is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $28,716 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on July 8, 2005 for $1,875,000. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 308 Ferndale Rd W in Wayzata, MN and zip code 55391 in the Wayzata Bay neighborhood. It has been listed on Rocket Homes since October 12, 2024 and is currently priced at $3,475,000.
In October 2024 more than 6 listings in Wayzata, MN were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 14 were sold below. The inventory of homes for sale in Wayzata, MN between September 2024 and October 2024 increased by 10.9%. In October 2024 median list price was $969,166 and the average listing age was 46 days.
From Rocket Homes Real Estate and based on county public records data.
Skiing/snowboarding
Skiing/snowboarding
PGA/LPGA
Figure Skating
BJs Wholesale Club
Stein Mart
GameStop
Panera
Cracker Barrel
Bob Evans
Infiniti
Lexus
Lincoln
Adult Hits
Oldies
News/Talk/Information