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3141 Fairchild Avenue, Wayzata, MN 55391

$2,750,000

Property Type: Residential Bedrooms: 6 Baths: 5 Square Footage: 5,984 Lot Size (sq. ft.): 89,734 Status: Active

Current Price: $2,750,000 List Date: 5/20/2026 Last Modified: 6/09/2026

Overview

Description

Tucked within one of the most charming pockets near Lake Minnetonka, this thoughtfully reimagined residence by City Homes blends timeless design with an effortless lake lifestyle. Set on a breathtaking 2+ acre homesite, the property offers an exceptionally rare combination of wide-open usable green space and the serenity of protected wetlands beyond — creating a private backdrop that feels worlds away. The expansive flat backyard is ideal for entertaining, recreation, future pool potential, or simply enjoying peaceful evenings surrounded by nature. Adding to the allure, the home includes a deeded boat slip on Libbs Lake, which feeds into Lake Minnetonka, just steps from the front door, delivering seamless access to lake days all summer long. The neighborhood evokes the feel of a quiet, tucked-away lake community with picturesque streets perfect for morning walks, evening bike rides, and an unmatched sense of tranquility. Despite the peaceful setting, you are only a short bike ride fr ... (Read more)

Listing Details MLS# 7076089

General Property Information

Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 2
Road Btwn WF & Home?: Yes
Year Built: 1975
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: 3
Bath Three Quarters: Yes
Bath Half: Yes
Main Floor Total SqFt: 1582
Above Grd Total SqFt: 3848
Below Grd Total SqFt: 2136
Total SqFt: 5984
Total Finished Sqft: 5090.00
FireplaceYN: Yes
Lake/Waterfront Name: Libbs
Style: (SF) Single Family
Foundation Size: 1838
Garage Stalls: 4
Lot Dimensions: 123x847x92x834
Acres: 2.06
Assessment Pending: No
Bath Quarter: 0
Association Fee: 0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Deck; Dock; Exercise Room; Hardwood Floors; In-Ground Sprinkler; Kitchen Center Island; Kitchen Window; Natural Woodwork; Paneled Doors; Panoramic View; Patio; Porch; Primary Bedroom Walk-In Closet; Sauna; Security System; Sun Room Appliances: Cooktop; Dishwasher; Disposal; Dryer; Energy Star Appliances; Freezer; Microwave; Range; Refrigerator; Washer; Water Filtration System; Water Osmosis System Basement: Full; Storage Space Construction Status: Previously Owned Exterior: Block; Cedar; Cement Board; Metal Foundation: Other Fuel: Natural Gas Heating: Forced Air Parking Characteristics: Finished Garage; Garage Door Opener; Heated Garage Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 2750000
ListPrice: 2750000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 3141
Street Name: Fairchild
Street Suffix: Avenue
Postal City: Wayzata
County: Hennepin
State: MN
Zip Code: 55391

Assessments

Tax With Assessments: 23332
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 3252
Finished SqFt Below Ground: 1838

More Information

Lake Details

Lake Acres: 22
Lake Depth: 8

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 1032
Finished Garage: Yes
Garage Door Opener: Yes
Heated Garage: Yes

Public Survey Info

Range#: 22
Section#: 17
Township#: 117

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

AssocFeeYN: No
Legal Description: REG. LAND SURVEY NO. 1353 TRACT H EX ROAD
Listing City: Minnetonka
Map Page: 118
Municipality: Minnetonka
School District: Minnetonka
School District Phone: 952-401-5000
DNR Lake ID#: 27008500
DNR Lake Classification: General Development
Zip Plus 4: 2909
Property ID Number: 1711722140013
Tax Year: 2025
Tax Amount: 23332
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Tucked within one of the most charming pockets near Lake Minnetonka, this thoughtfully reimagined residence by City Homes blends timeless design with an effortless lake lifestyle. Set on a breathtaking 2+ acre homesite, the property offers an exceptionally rare combination of wide-open usable green space and the serenity of protected wetlands beyond — creating a private backdrop that feels worlds away. The expansive flat backyard is ideal for entertaining, recreation, future pool potential, or simply enjoying peaceful evenings surrounded by nature. Adding to the allure, the home includes a deeded boat slip on Libbs Lake, which feeds into Lake Minnetonka, just steps from the front door, delivering seamless access to lake days all summer long. The neighborhood evokes the feel of a quiet, tucked-away lake community with picturesque streets perfect for morning walks, evening bike rides, and an unmatched sense of tranquility. Despite the peaceful setting, you are only a short bike ride from the boutiques, restaurants, and lakeside charm of Wayzata’s vibrant downtown. A truly special opportunity to enjoy refined living, privacy, and the very best of the Lake Minnetonka lifestyle.
Directions: I-494 to west on Minnetonka Blvd to north on Fairchild Ave to home on right.

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Amenities Unit

Deck: Yes
Dock: Yes
Exercise Room: Yes
Hardwood Floors: Yes
In-Ground Sprinkler: Yes
Kitchen Center Island: Yes
Kitchen Window: Yes
Natural Woodwork: Yes
Paneled Doors: Yes
Panoramic View: Yes
Patio: Yes
Porch: Yes
Primary Bedroom Walk-In Closet: Yes
Sauna: Yes
Security System: Yes
Sun Room: Yes

Appliances

Cooktop: Yes
Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Energy Star Appliances: Yes
Freezer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes
Water Filtration System: Yes
Water Osmosis System: Yes

Basement

Full: Yes
Storage Space: Yes

Construction Status

Previously Owned: Yes

Exterior

Block: Yes
Cedar: Yes
Cement Board: Yes
Metal: Yes

Foundation

Other: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Insurance Fee

Insurance Fee: 0

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

Room Information

Room Name	Dimensions	Level
Dining Room	27.3x11.5	Main
Exercise Room	19.5x16.2	Lower
Family Room	18.9x13.2	Lower
Fifth (5th) Bedroom	15.4x15.7	Lower
First (1st) Bedroom	15x13.4	Upper
Fourth (4th) Bedroom	11.11x11.4	Upper
Kitchen	15.9x17	Main
Living Room	19.6x16.4	Main
Office	17.10x13.10	Main
Second (2nd) Bedroom	13.11x10	Upper
Third (3rd) Bedroom	10.5x14.9	Upper

Listing Office: Prudden & Company

Last Updated: June - 09 - 2026

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.