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1981 Fagerness Point Road, Wayzata, MN 55391

$3,289,000

Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 4,838 Lot Size (sq. ft.): 27,443 Status: Closed

Current Price: $3,289,000 List Date: 2/06/2025 Last Modified: 5/12/2026

Overview

Description

Discover this stunning, completely remodeled 4,800+ square foot home in the highly sought-after Fagerness Point neighborhood of Orono, overlooking beautiful Lake Minnetonka. Boasting a main floor primary bedroom and four additional bedrooms on one level, this residence offers ample space with five luxurious baths. Enjoy the elegance of hardwood and tile floors throughout and relax in the spacious family rooms on both the lower and upper levels. With accessible shoreline on both sides of the home you can enjoy West facing sunsets as well as Easterly sunrises. This lakefront gem with 268’ of shoreline features breathtaking West Arm Bay views that make it perfect for lakeside living. Don't miss this rare opportunity!

Listing Details MLS# 6623996

General Property Information

Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: Yes
Year Built: 2009
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: 2
Bath Three Quarters: 2
Bath Half: Yes
Main Floor Total SqFt: 2237
Above Grd Total SqFt: 3762
Below Grd Total SqFt: 1076
Total SqFt: 4838
Total Finished Sqft: 4832.00
FireplaceYN: Yes
Lake/Waterfront Name: Minnetonka
Style: (SF) Single Family
Foundation Size: 2088
Garage Stalls: 3
Lot Dimensions: SE100x195x101x176
Acres: 0.63
Assessment Pending: No
Bath Quarter: 0
Association Fee: 0

Property Features

Accessible: None Air Conditioning: Central Air; Geothermal Amenities Unit: Balcony; Boat Slip; Main Floor Primary Bedroom; Tile Floors Appliances: Air-To-Air Exchanger; Dishwasher; Disposal; Dryer; Freezer; Refrigerator; Washer; Wine Cooler Basement: Drain Tiled; Egress Windows; Storage Space; Sump Pump; Tile Shower Bath Description: Double Sink; Full Jack & Jill; Main Floor 1/2 Bath; Main Floor Full Bath; Upper Level 3/4 Bath; Upper Level Full Bath; Full Primary; Private Primary; 3/4 Basement; Bathroom Ensuite Construction Status: Previously Owned Elevation Highpoint to Waterfront Slope: Level Exterior: Brick/Stone; Other Family Room Characteristics: Family Room; Loft Financing Terms: Conventional Fuel: Electric; Natural Gas Heating: Forced Air; Geothermal; In-Floor Heating Lot Description: Accessible Shoreline; Tree Coverage - Medium Parking Characteristics: Tuckunder Garage Road Frontage: City Street; Paved Streets Road Responsibility: Public Maintained Road Roof: Age Over 8 Years Sellers Terms: Cash; Conventional; Other Sewer: City Sewer/Connected Special Search: 2nd Floor Laundry; 3 BR on One Level; 4 BR on One Level; Main Floor Bedroom; Main Floor Primary Stories: Two Water: City Water/Connected Waterfront View: Bay; East; West

Contract Information

Off Market Date: 2025-04-14
Contingency: None
Closed Date: 2025-05-09
Original List Price: 3995000
Sales Close Price: 3289000
ListPrice: 3499000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1981
Street Name: Fagerness Point
Street Suffix: Road
Postal City: Wayzata
County: Hennepin
State: MN
Zip Code: 55391
Complex/Dev/Subdivision: Fagerness

Assessments

Tax With Assessments: 26580
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 3762
Finished SqFt Below Ground: 1070

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 Door Height: 8
Garage Square Feet: 759
Tuckunder Garage: Yes

Public Survey Info

Range#: 23
Section#: 18
Township#: 117

Office/Member Info

Association: MAAR

Location, Tax and Other Information

AssocFeeYN: No
Legal Description: LOT 004 FAGERNESS
Listing City: Wayzata
Map Page: 117
Municipality: Orono
School District: Westonka
School District Phone: 952-491-8001
DNR Lake ID#: 27013300
DNR Lake Classification: General Development
Zip Plus 4: 9240
Property ID Number: 1811723140005
Tax Year: 2024
Tax Amount: 26580
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Discover this stunning, completely remodeled 4,800+ square foot home in the highly sought-after Fagerness Point neighborhood of Orono, overlooking beautiful Lake Minnetonka. Boasting a main floor primary bedroom and four additional bedrooms on one level, this residence offers ample space with five luxurious baths. Enjoy the elegance of hardwood and tile floors throughout and relax in the spacious family rooms on both the lower and upper levels. With accessible shoreline on both sides of the home you can enjoy West facing sunsets as well as Easterly sunrises. This lakefront gem with 268’ of shoreline features breathtaking West Arm Bay views that make it perfect for lakeside living. Don't miss this rare opportunity!
Directions: Shoreline Drive (County Rd 15) to Shadywood Rd (County Rd 19) to Fagerness Point Rd.

Accessible

None: Yes

Air Conditioning

Central Air: Yes
Geothermal: Yes

Amenities Unit

Balcony: Yes
Boat Slip: Yes
Main Floor Primary Bedroom: Yes
Tile Floors: Yes

Appliances

Air-To-Air Exchanger: Yes
Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Freezer: Yes
Refrigerator: Yes
Washer: Yes
Wine Cooler: Yes

Basement

Drain Tiled: Yes
Egress Windows: Yes
Storage Space: Yes
Sump Pump: Yes
Tile Shower: Yes

Bath Description

Double Sink: Yes
Full Jack & Jill: Yes
Main Floor 1/2 Bath: Yes
Main Floor Full Bath: Yes
Upper Level 3/4 Bath: Yes
Upper Level Full Bath: Yes
Full Primary: Yes
Private Primary: Yes
3/4 Basement: Yes
Bathroom Ensuite: Yes

Construction Status

Previously Owned: Yes

Elevation Highpoint to Waterfront Slope

Level: Yes

Exterior

Brick/Stone: Yes
Other: Yes

Family Room Characteristics

Family Room: Yes
Loft: Yes

Financing Terms

Conventional: Yes

Fuel

Electric: Yes
Natural Gas: Yes

Heating

Forced Air: Yes
Geothermal: Yes
In-Floor Heating: Yes

Insurance Fee

Insurance Fee: 0

Lot Description

Accessible Shoreline: Yes
Tree Coverage - Medium: Yes

Patio, Porch and Deck Features

Deck: Yes
Patio: Yes
Terrace: Yes

Road Frontage

City Street: Yes
Paved Streets: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
Other: Yes

Sewer

City Sewer/Connected: Yes

Special Search

2nd Floor Laundry: Yes
3 BR on One Level: Yes
4 BR on One Level: Yes
Main Floor Bedroom: Yes
Main Floor Primary: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

Waterfront View

Bay: Yes
East: Yes
West: Yes

Room Information

Room Name	Dimensions	Level
Living Room	21x19	Main
Family Room	30x30	Lower
Play Room	15x13	Upper
Loft	22x16	Upper
Third (3rd) Bedroom	14x12	Upper
Fourth (4th) Bedroom	12x14	Upper
Office	12x9	Upper
First (1st) Bedroom	15x14	Main
Second (2nd) Bedroom	12x13	Upper
Dining Room	12x09	Main
Kitchen	29x35	Main

Listing Office: Compass

Last Updated: May - 12 - 2026

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