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540 Indian Mound Street, 4B, Wayzata, MN 55391

$3,600,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,700 Lot Size (sq. ft.): 2,178 Status: Closed

Current Price: $3,600,000 List Date: 5/31/2023 Last Modified: 8/08/2025

Overview

Description

Come see this once in a lifetime opportunity to own a premier condo in downtown Wayzata. Enjoy spectacular panoramic views of Wayzata Bay on Lake Minnetonka. This sun-filled south facing property offers an open layout with picturesque views of the lake and access to the patio from almost every room! This beautiful top floor unit was completely renovated with a designer and includes all high-end finishes. The gourmet kitchen offers an extra-large island with bar seating for kitchen gatherings, stone counters, high-end appliances, Sub-Zero fridge, Wolf range, and custom lighting. Updates include hardwood floors, heated tile in bathroom floors, gas fireplaces, formal living & dining areas, and a family room off of the kitchen. Enjoy the lake view from 72 feet of patio with views from every angle that sits above the only residential green space on Lake Street. This condo is located in a prime location within Wayzata with walkability to local restaurants, shops & the beach!

Listing Details MLS# 6377570

General Property Information

Assoc Mgmt Co. Phone #: 651-233-1307
Association Fee Frequency: Monthly
Association Mgmt Co. Name: RowCal
Common Wall: Yes
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 2
Year Built: 1979
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Three Quarters: 2
Bath Half: Yes
Main Floor Total SqFt: 2700
Above Grd Total SqFt: 2700
Total SqFt: 2700
Total Finished Sqft: 2700.00
FireplaceYN: Yes
Lake/Waterfront Name: Minnetonka
Style: (CC) High Rise (4+ Levels)
Foundation Size: 2700
Power Company: Xcel Energy
Association Fee: 1916
Garage Stalls: 2
Acres: 0.05
# Carport Spaces: 0
Lot Dimensions: No
Bath Quarter: 0
Below Grd Total SqFt: 0

Property Features

Accessible: Accessible Elevator Installed Air Conditioning: Central Air Amenities Shared: In-Ground Sprinkler System; Lobby; Security Building Amenities Unit: Balcony; Cable; Deck; Ethernet Wired; Exercise Room; Hardwood Floors; In-Ground Sprinkler; Intercom System; Kitchen Center Island; Kitchen Window; Main Floor Primary Bedroom; Natural Woodwork; Panoramic View; Porch; Primary Bedroom Walk-In Closet; Tile Floors; Walk-In Closet; Washer/Dryer Hookup Appliances: Cooktop; Dishwasher; Disposal; Double Oven; Dryer; Microwave; Refrigerator; Washer; Water Osmosis System Association Fee Includes: Building Exterior; Gas; Hazard Insurance; Lawn Care; Outside Maintenance; Parking Space; Professional Mgmt; Sanitation; Shared Amenities; Snow Removal Basement: None Bath Description: Double Sink; Main Floor 1/2 Bath; Main Floor 3/4 Bath; 3/4 Primary; Private Primary; Two Primary Baths Construction Materials: Brick Construction Status: Previously Owned Dining Room Description: Breakfast Area; Eat In Kitchen; Kitchen/Dining Room; Living/Dining Room; Separate/Formal Dining Room Electric: Circuit Breakers Exterior: Brick/Stone Family Room Characteristics: Main Level Fencing: Partial Financing Terms: Cash Fireplace Characteristics: Family Room; Gas Burning; Living Room Fuel: Natural Gas Heating: Baseboard; Hot Water; In-Floor Heating Internet Options: Cable Laundry: Gas Dryer Hookup; In Unit; Laundry Closet; Washer Hookup Lock Box Type: Combo Lot Description: Tree Coverage - Light Parking Characteristics: Assigned; Floor Drain; Garage Door Opener; Heated Garage; Secured Pool Description: None Road Frontage: City Street; Paved Streets; Sidewalks Roof: Flat; Rubber Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Special Search: 3 BR on One Level; All Living Facilities on One Level; Main Floor Laundry Stories: One Water: City Water/Connected Waterfront View: Lake; South

Contract Information

Off Market Date: 2023-06-03
Contingency: None
Closed Date: 2023-07-17
Original List Price: 3500000
Sales Close Price: 3600000
ListPrice: 3500000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 540
Street Name: Indian Mound
Street Suffix: Street
Unit Number: 4B
Postal City: Wayzata
County: Hennepin
State: MN
Zip Code: 55391
Complex/Dev/Subdivision: Condo 0110 Wayzata Place Condo

Assessments

Tax With Assessments: 23141
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 2700

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 Stall ID#: 31 & 37
Assigned: Yes
Floor Drain: Yes
Garage Door Opener: Yes
Heated Garage: Yes
Secured: Yes

Public Survey Info

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

Office/Member Info

Association: SPAAR
MLSID: RMLS

Location, Tax and Other Information

AssocFeeYN: Yes
Legal Description: CONDO NO 0110 WAYZATA PLACE CONDO APT NO 24
Listing City: Wayzata
Map Page: 104
Municipality: Wayzata
Rental License?: No
School District: Wayzata
School District Phone: 763-745-5000
DNR Lake ID#: 27013300
DNR Lake Classification: General Development
County Abbreviation: 4B
Lake Chain: N
Zip Plus 4: 5162
Property ID Number: 0611722310077
Tax Year: 2022
Tax Amount: 23141
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Come see this once in a lifetime opportunity to own a premier condo in downtown Wayzata. Enjoy spectacular panoramic views of Wayzata Bay on Lake Minnetonka. This sun-filled south facing property offers an open layout with picturesque views of the lake and access to the patio from almost every room! This beautiful top floor unit was completely renovated with a designer and includes all high-end finishes. The gourmet kitchen offers an extra-large island with bar seating for kitchen gatherings, stone counters, high-end appliances, Sub-Zero fridge, Wolf range, and custom lighting. Updates include hardwood floors, heated tile in bathroom floors, gas fireplaces, formal living & dining areas, and a family room off of the kitchen. Enjoy the lake view from 72 feet of patio with views from every angle that sits above the only residential green space on Lake Street. This condo is located in a prime location within Wayzata with walkability to local restaurants, shops & the beach!
Directions: Lake St to Mtka Ave to Indian Mound

Accessible

Accessible Elevator Installed: Yes

Air Conditioning

Central Air: Yes

Amenities Shared

In-Ground Sprinkler System: Yes
Lobby: Yes
Security Building: Yes

Amenities Unit

Balcony: Yes
Cable: Yes
Deck: Yes
Ethernet Wired: Yes
Exercise Room: Yes
Hardwood Floors: Yes
In-Ground Sprinkler: Yes
Intercom System: Yes
Kitchen Center Island: Yes
Kitchen Window: Yes
Main Floor Primary Bedroom: Yes
Natural Woodwork: Yes
Panoramic View: Yes
Porch: Yes
Primary Bedroom Walk-In Closet: Yes
Tile Floors: Yes
Walk-In Closet: Yes
Washer/Dryer Hookup: Yes

Appliances

Cooktop: Yes
Dishwasher: Yes
Disposal: Yes
Double Oven: Yes
Dryer: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes
Water Osmosis System: Yes

Association Fee Includes

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

Basement

None: Yes

Bath Description

Double Sink: Yes
Main Floor 1/2 Bath: Yes
Main Floor 3/4 Bath: Yes
3/4 Primary: Yes
Private Primary: Yes
Two Primary Baths: Yes

Construction Materials

Brick: Yes

Construction Status

Previously Owned: Yes

Dining Room Description

Breakfast Area: Yes
Eat In Kitchen: Yes
Kitchen/Dining Room: Yes
Living/Dining Room: Yes
Separate/Formal Dining Room: Yes

Electric

Circuit Breakers: Yes

Exterior

Brick/Stone: Yes

Family Room Characteristics

Main Level: Yes

Fencing

Partial: Yes

Financing Terms

Cash: Yes

Fireplace Characteristics

Family Room: Yes
Gas Burning: Yes
Living Room: Yes

Fuel

Natural Gas: Yes

Heating

Baseboard: Yes
Hot Water: Yes
In-Floor Heating: Yes

Insurance Fee

Insurance Fee: 0

Internet Options

Cable: Yes

Laundry

Gas Dryer Hookup: Yes
In Unit: Yes
Laundry Closet: Yes
Washer Hookup: Yes

Lock Box Type

Combo: Yes

Lot Description

Tree Coverage - Light: Yes

Patio, Porch and Deck Features

Porch: Yes

Pool Description

None: Yes

Restriction/Covenants

Mandatory Owners Assoc: Yes
Pets - Cats Allowed: Yes
Pets - Dogs Allowed: Yes
Pets - Number Limit: Yes

Road Frontage

City Street: Yes
Paved Streets: Yes
Sidewalks: Yes

Roof

Flat: Yes
Rubber: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Special Search

3 BR on One Level: Yes
All Living Facilities on One Level: Yes
Main Floor Laundry: Yes

Stories

One: Yes

Water

City Water/Connected: Yes

Waterfront View

Lake: Yes
South: Yes

Room Information

Room Name	Dimensions	Level
Deck	72x8	Main
Third (3rd) Bedroom	10x15	Main
Second (2nd) Bedroom	13x11	Main
First (1st) Bedroom	19x14	Main
Kitchen	17x14	Main
Family Room	13x16	Main
Dining Room	16x13	Main
Living Room	17x13	Main

Listing Office: RE/MAX Advantage Plus

Last Updated: August - 08 - 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.