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540 Indian Mound Street, 1A, Wayzata, MN 55391

$1,595,000

Virtual Tour

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Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,800 Status: Active

Current Price: $1,595,000 List Date: 4/06/2026 Last Modified: 6/08/2026

Overview

Description

Discover this breathtaking south-facing two-bedroom condo at the prestigious Wayzata Place, perfectly positioned with sweeping views of Wayzata Bay and Lake Minnetonka. Enter inside to an inviting open-concept layout that seamlessly connects the kitchen, casual dining area, and living room. A cozy gas fireplace serves as the centerpiece of the living space, creating the perfect setting for relaxing evenings. Outside, unwind on your private ground-floor screened patio, where you can enjoy stunning views of the lake and breathtaking sunsets over Lake Minnetonka. Building amenities enhance the lifestyle, offering an underground heated garage, secure bike racks, and a recently renovated fitness center. A beautifully remodeled guest suite is also available for visiting guests. Best of all, this exceptional condo puts you in the heart of downtown Wayzata. You’re right by the city’s finest restaurants, boutique shops, and vibrant waterfront. Don’t miss this rare opportunity to own a one ... (Read more)

Listing Details MLS# 7047326

General Property Information

Assoc Mgmt Co. Phone #: 952-210-3383
Association Fee Frequency: Monthly
Association Mgmt Co. Name: Elliman Management
Common Wall: Yes
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: Yes
Year Built: 1979
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: 2
Main Floor Total SqFt: 1800
Above Grd Total SqFt: 1800
Total SqFt: 1800
Total Finished Sqft: 1800.00
FireplaceYN: Yes
Lake/Waterfront Name: Minnetonka
Style: (CC) High Rise (4+ Levels)
Foundation Size: 1800
Association Fee: 1453
Garage Stalls: Yes
Lot Dimensions: Common
Assessment Pending: No
Acres: 0
Bath Three Quarters: 0
Bath Half: 0
Bath Quarter: 0
Below Grd Total SqFt: 0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Ceiling Fan(s); Hardwood Floors; Main Floor Primary Bedroom; Paneled Doors; Panoramic View; Patio; Porch; Tile Floors; Walk-In Closet; Washer/Dryer Hookup Appliances: Dishwasher; Disposal; Dryer; Freezer; Microwave; Range; Refrigerator; Washer Association Fee Includes: Building Exterior; Hazard Insurance; Lawn Care; Outside Maintenance; Parking Space; Professional Mgmt; Sanitation; Shared Amenities; Snow Removal; Water Basement: None Bath Description: Full Primary; Walk-In Shower Stall Construction Status: Previously Owned Dining Room Description: Informal Dining Room Exterior: Brick/Stone Family Room Characteristics: Main Level Fireplace Characteristics: Gas Burning; Living Room Fuel: Natural Gas Heating: Hot Water Laundry: In Unit; Main Level; Washer Hookup Lock Box Type: None Parking Characteristics: Heated Garage Pool Description: None Road Frontage: City Street; Curbs; Paved Streets; Sidewalks Road Responsibility: Private Maintained Road Roof: Other Sellers Terms: Cash; Conventional; FHA Sewer: City Sewer/Connected Shared Rooms: Exercise Room; Guest Suite Special Search: Main Floor Bedroom; Main Floor Laundry; Main Floor Primary Stories: One Water: City Water/Connected Waterfront View: Lake

Contract Information

Contingency: None
Original List Price: 1795000
ListPrice: 1595000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 540
Street Name: Indian Mound
Street Suffix: Street
Unit Number: 1A
Postal City: Wayzata
County: Hennepin
State: MN
Zip Code: 55391

Assessments

Tax With Assessments: 15542.48
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 1800

More Information

Lake Details

Lake Acres: 14205
Lake Depth: 113

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: Yes

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 22
Section#: 06
Township#: 117

Office/Member Info

Association: MAAR

Location, Tax and Other Information

AssocFeeYN: Yes
Legal Description: CONDO NO 0110 WAYZATA PLACE CONDO APT NO 16
Listing City: Wayzata
Map Page: 104
Municipality: Wayzata
School District: Wayzata
School District Phone: 763-745-5000
DNR Lake ID#: 27013300
DNR Lake Classification: General Development
County Abbreviation: 1A
Property ID Number: 0611722310069
Tax Year: 2025
Tax Amount: 15542.48
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Discover this breathtaking south-facing two-bedroom condo at the prestigious Wayzata Place, perfectly positioned with sweeping views of Wayzata Bay and Lake Minnetonka. Enter inside to an inviting open-concept layout that seamlessly connects the kitchen, casual dining area, and living room. A cozy gas fireplace serves as the centerpiece of the living space, creating the perfect setting for relaxing evenings. Outside, unwind on your private ground-floor screened patio, where you can enjoy stunning views of the lake and breathtaking sunsets over Lake Minnetonka. Building amenities enhance the lifestyle, offering an underground heated garage, secure bike racks, and a recently renovated fitness center. A beautifully remodeled guest suite is also available for visiting guests. Best of all, this exceptional condo puts you in the heart of downtown Wayzata. You’re right by the city’s finest restaurants, boutique shops, and vibrant waterfront. Don’t miss this rare opportunity to own a one-of-a-kind home in one of the most desirable locations on Lake Minnetonka. Schedule your private showing today!
Directions: Lake Street to North on Minnetonka Ave S, Right on Indian Mound to building.

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Amenities Unit

Ceiling Fan(s): Yes
Hardwood Floors: Yes
Main Floor Primary Bedroom: Yes
Paneled Doors: Yes
Panoramic View: Yes
Patio: Yes
Porch: Yes
Tile Floors: Yes
Walk-In Closet: Yes
Washer/Dryer Hookup: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Freezer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Association Fee Includes

Building Exterior: Yes
Hazard Insurance: Yes
Lawn Care: Yes
Outside Maintenance: Yes
Parking Space: Yes
Professional Mgmt: Yes
Sanitation: Yes
Sewer: Yes
Shared Amenities: Yes
Snow Removal: Yes
Water: Yes

Basement

None: Yes

Bath Description

Full Primary: Yes
Walk-In Shower Stall: Yes

Construction Status

Previously Owned: Yes

Dining Room Description

Informal Dining Room: Yes

Exterior

Brick/Stone: Yes

Family Room Characteristics

Main Level: Yes

Fireplace Characteristics

Gas Burning: Yes
Living Room: Yes

Fuel

Natural Gas: Yes

Heating

Hot Water: Yes

Insurance Fee

Insurance Fee: 0

Laundry

In Unit: Yes
Main Level: Yes
Washer Hookup: Yes

Lock Box Type

None: Yes

Parking Characteristics

Heated Garage: Yes

Patio, Porch and Deck Features

Patio: Yes
Porch: Yes

Pool Description

None: Yes

Restriction/Covenants

Pets - Cats Allowed: Yes
Pets - Dogs Allowed: Yes
Rentals not Permitted: Yes

Road Frontage

City Street: Yes
Curbs: Yes
Paved Streets: Yes
Sidewalks: Yes

Road Responsibility

Private Maintained Road: Yes

Roof

Other: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
FHA: Yes

Sewer

City Sewer/Connected: Yes

Shared Rooms

Exercise Room: Yes
Guest Suite: Yes

Special Search

Main Floor Bedroom: Yes
Main Floor Laundry: Yes
Main Floor Primary: Yes

Stories

One: Yes

Water

City Water/Connected: Yes

Waterfront View

Lake: Yes

Room Information

Room Name	Dimensions	Level
Dining Room	09x09	Main
First (1st) Bedroom	17x12	Main
Kitchen	12x09	Main
Laundry	14x05	Main
Living Room	23x19	Main
Office	14x11	Main
Screened Porch	19x08	Main
Second (2nd) Bedroom	13x10	Main

Listing Office: Lakes Sotheby's International

Last Updated: June - 08 - 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.