2645 Arcola Lane, Wayzata, MN 55391

$2,500,000
Property Type: Residential Bedrooms: 5 Baths: 7 Lot Size (sq. ft.): 24,394 Status: Closed
Current Price: $2,500,000 List Date: 5/29/2025 Last Modified: 10/02/2025

Overview

Description

An incredible opportunity to own 122 feet of prime, south-facing shoreline on sought-after Lafayette Bay ready to accommodate the dock system you desire. Custom-built by Steiner & Koppelman, this timeless residence blends enduring craftsmanship with thoughtful updates and panoramic lake views stretching all the way to Excelsior. The light-filled main level features an open-concept kitchen and family room designed to maximize sweeping lake views, alongside formal and casual living areas, a private office, and convenient main-floor laundry. Upstairs, three generous en-suite bedrooms include a serene primary suite with dual walk-in closets, a sitting area with fireplace, and a spa-like vaulted bath. The walkout lower level is built for entertaining with two additional bedrooms, a spacious amusement room, fitness area, sauna, and easy lakeside access. Enjoy outdoor living on the expansive deck — perfect for sunset dinners and gatherings. Recent improvements include a newer roof, updat ...

Listing Details MLS# 6728237

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
4
Road Btwn WF & Home?
Yes
Waterfront Frontage
122
Year Built
1986
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
3
Bath Three Quarters
2
Bath Half
2
Total Finished Sqft
6207.00
FireplaceYN
Yes
Lake/Waterfront Name
Minnetonka
Style
(SF) Single Family
Foundation Size
2357
Garage Stalls
3
Lot Dimensions
122Lx207x117x215
Acres
0.56
Bath Quarter
0
Main Floor Total SqFt
0
Above Grd Total SqFt
0
Below Grd Total SqFt
0
Association Fee
0

Property Features

Accessible: None Air Conditioning: Central Air Appliances: Air-To-Air Exchanger; Chandelier; Cooktop; Dishwasher; Disposal; Double Oven; Dryer; Electronic Air Filter; Freezer; Microwave; Refrigerator; Washer; Water Filtration System Assumable Loan: Not Assumable Basement: Concrete Block Bath Description: Main Floor 1/2 Bath; Upper Level Full Bath; Full Primary; Private Primary; 3/4 Basement; Two Basement Baths; Bathroom Ensuite; Separate Tub & Shower; Walk-In Shower Stall Construction Materials: Block; Brick; Concrete; Frame Construction Status: Previously Owned Dining Room Description: Breakfast Bar; Eat In Kitchen; Informal Dining Room; Separate/Formal Dining Room Exterior: Brick/Stone Family Room Characteristics: Entertainment/Media Center; Family Room; Great Room; Main Level Financing Terms: Other Fireplace Characteristics: Amusement Room; Family Room; Gas Burning; Living Room; Wood Burning Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Laundry: Main Level Lot Description: Tree Coverage - Light Parking Characteristics: Heated Garage Pool Description: None Road Frontage: City Street; Private Road Road Responsibility: Private Maintained Road; Public Maintained Road Roof: Age 8 Years or Less; Pitched; Shake Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Special Search: 3 BR on One Level; Main Floor Laundry; Primary Bdr Suite Stories: Two Water: City Water/Connected Waterfront View: Lake; South

Contract Information

Off Market Date
2025-08-29
Contingency
None
Closed Date
2025-10-01
Original List Price
2995000
Sales Close Price
2500000
ListPrice
2695000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
2645
Street Name
Arcola
Street Suffix
Lane
Postal City
Wayzata
County
Hennepin
State
MN
Zip Code
55391
Complex/Dev/Subdivision
Minnetonka Beach On Lake Mtka

Assessments

Tax With Assessments
34415
Assessment Balance
0

Building Information

Finished SqFt Above Ground
4296
Finished SqFt Below Ground
1911

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 Square Feet
857
Heated Garage
Yes

Public Survey Info

Range#
23
Section#
16
Township#
117

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
MINNETONKA BEACH ON LAKE MTKA LOTS 10 AND 11 INCL ADJ PART OF LAFAYETTE AVE VAC EX ROAD
Listing City
Minnetonka Beach
Map Page
117
Municipality
Minnetonka Beach
School District
Orono
School District Phone
952-449-8305
DNR Lake ID#
27013300
DNR Lake Classification
General Development
Zip Plus 4
9703
Property ID Number
1611723410029
Tax Year
2025
Tax Amount
34415
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
An incredible opportunity to own 122 feet of prime, south-facing shoreline on sought-after Lafayette Bay ready to accommodate the dock system you desire. Custom-built by Steiner & Koppelman, this timeless residence blends enduring craftsmanship with thoughtful updates and panoramic lake views stretching all the way to Excelsior. The light-filled main level features an open-concept kitchen and family room designed to maximize sweeping lake views, alongside formal and casual living areas, a private office, and convenient main-floor laundry. Upstairs, three generous en-suite bedrooms include a serene primary suite with dual walk-in closets, a sitting area with fireplace, and a spa-like vaulted bath. The walkout lower level is built for entertaining with two additional bedrooms, a spacious amusement room, fitness area, sauna, and easy lakeside access. Enjoy outdoor living on the expansive deck — perfect for sunset dinners and gatherings. Recent improvements include a newer roof, updated mechanicals, select new windows, and refreshed décor awaiting you finishing touches. Located in highly desirable Minnetonka Beach, just steps from the Lafayette Club, Dakota Trail, Orono Schools, and minutes to Wayzata and Downtown Minneapolis. This is a rare chance to secure a legacy Lake Minnetonka address at a value — quick closing available. Come take a look!
Directions
Cty Rd 15 West to Arcola Lane to Home.

Accessible

None
Yes

Air Conditioning

Central Air
Yes

Appliances

Air-To-Air Exchanger
Yes
Chandelier
Yes
Cooktop
Yes
Dishwasher
Yes
Disposal
Yes
Double Oven
Yes
Dryer
Yes
Electronic Air Filter
Yes
Freezer
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes
Water Filtration System
Yes

Assumable Loan

Not Assumable
Yes

Basement

Concrete Block
Yes

Bath Description

Main Floor 1/2 Bath
Yes
Upper Level Full Bath
Yes
Full Primary
Yes
Private Primary
Yes
3/4 Basement
Yes
Two Basement Baths
Yes
Bathroom Ensuite
Yes
Separate Tub & Shower
Yes
Walk-In Shower Stall
Yes

Construction Materials

Block
Yes
Brick
Yes
Concrete
Yes
Frame
Yes

Construction Status

Previously Owned
Yes

Dining Room Description

Breakfast Bar
Yes
Eat In Kitchen
Yes
Informal Dining Room
Yes
Separate/Formal Dining Room
Yes

Exterior

Brick/Stone
Yes

Family Room Characteristics

Entertainment/Media Center
Yes
Family Room
Yes
Great Room
Yes
Main Level
Yes

Financing Terms

Other
Yes

Fireplace Characteristics

Amusement Room
Yes
Family Room
Yes
Gas Burning
Yes
Living Room
Yes
Wood Burning
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Insurance Fee

Insurance Fee
0

Laundry

Main Level
Yes

Lot Description

Tree Coverage - Light
Yes

Patio, Porch and Deck Features

Deck
Yes

Pool Description

None
Yes

Road Frontage

City Street
Yes
Private Road
Yes

Road Responsibility

Private Maintained Road
Yes
Public Maintained Road
Yes

Roof

Age 8 Years or Less
Yes
Pitched
Yes
Shake
Yes

Sellers Terms

Cash
Yes
Conventional
Yes

Sewer

City Sewer/Connected
Yes

Special Search

3 BR on One Level
Yes
Main Floor Laundry
Yes
Primary Bdr Suite
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

Waterfront View

Lake
Yes
South
Yes

Room Information

Room Name Dimensions Level
Fifth (5th) Bedroom 12X12 Lower
Office 15X13 Main
Third (3rd) Bedroom 14X13 Upper
Fourth (4th) Bedroom 19X15 Lower
First (1st) Bedroom 19X15 Upper
Second (2nd) Bedroom 16X15 Upper
Dining Room 17X13 Main
Informal Dining Room 15X13 Main
Family Room 22X20 Main
Kitchen 20X17 Main
Living Room 24X15 Main
Amusement Room 36X20 Lower

Documents

IDX
Listing Office: Coldwell Banker Realty
Last Updated: October - 02 - 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.
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