585 Ferndale Road N, Wayzata, MN 55391

New Listing
$2,595,000
Property Type: Land Lot Size (sq. ft.): 209,524 Status: Active
Current Price: $2,595,000 List Date: 6/26/2026 Last Modified: 6/26/2026

Overview

Description

Build your dream home with westerly views overlooking Lake Lydiard. Tucked away at the end of a private drive minutes from Wayzata, this exceptional 4.81 acre homesite offers a peaceful, secluded setting with beautiful lake views, spectacular sunsets, and direct access to walking trails that wind through the surrounding natural landscape. The generous site provides the perfect canvas for a custom residence designed to embrace both privacy and the outdoors. This homesite provides opportunity to accommodate many lifestyle ideas, such as a pool, sports court, oversized garage, detached garage for car collectors, etc. Enjoy the convenience of downtown Wayzata's renowned restaurants, shops, and Lake Minnetonka amenities while experiencing the tranquility of a setting that feels worlds away. Offering a rate blend of natural beauty, privacy, and accessibility, this is an exception opportunity to create a truly remarkable home in one of the area's most desirable locations.

Listing Details MLS# 7089111

General Property Information

Comp Sale YN
No
Development
No
Lot Measurement
Acres
Multiple PIDs?
No
Plat Recorded
Yes
Waterfront YN
No
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Lot Dimensions
460x471x427x466
Acres
4.81
Assessment Pending
No
Association Fee
0

Property Features

Available Utilities: Cable Available; Electricity Available; Natural Gas Available; None Connected; Phone Available; Sewer Available Development Status: Raw Land Fencing: None Improvements: Paved Streets Land Inclusions: Survey Lot Description: Irregular Lot; Property Adjoins Public Land; Tree Coverage - Heavy; Tree Coverage - Medium Road Frontage: Private Road; Storm Sewer Road Responsibility: Public Maintained Road Sellers Terms: Cash; Conventional Topography: Gently Rolling; Walkout

Contract Information

Contingency
None
Original List Price
2595000
ListPrice
2595000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
585
Street Name
Ferndale
Street Suffix
Road
Street Direction Suffix
N
Postal City
Wayzata
County
Hennepin
State
MN
Zip Code
55391

Assessments

Tax With Assessments
11744
Assessment Balance
0

Builder Information

Builder Restrictions
Open

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
23
Section#
36
Township#
118

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
Unplattted 36 118 23 that part of S 269.6 Ft of Govt Lot 3 Lying W of a Line Running From a Pt in S Line of Said Lot 3 Dist 44.75 Ft E From W Cor Thereof to a Pt 675 Ft S from N Line of Lot 3 and 830
Listing City
Wayzata
Map Page
104
Municipality
Orono
School District
Wayzata
School District Phone
763-745-5000
Zip Plus 4
9258
Property ID Number
3611823110033
Tax Year
2026
Tax Amount
11744
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Build your dream home with westerly views overlooking Lake Lydiard. Tucked away at the end of a private drive minutes from Wayzata, this exceptional 4.81 acre homesite offers a peaceful, secluded setting with beautiful lake views, spectacular sunsets, and direct access to walking trails that wind through the surrounding natural landscape. The generous site provides the perfect canvas for a custom residence designed to embrace both privacy and the outdoors. This homesite provides opportunity to accommodate many lifestyle ideas, such as a pool, sports court, oversized garage, detached garage for car collectors, etc. Enjoy the convenience of downtown Wayzata's renowned restaurants, shops, and Lake Minnetonka amenities while experiencing the tranquility of a setting that feels worlds away. Offering a rate blend of natural beauty, privacy, and accessibility, this is an exception opportunity to create a truly remarkable home in one of the area's most desirable locations.
Directions
From Lake street head North on Ferndale Rd N. From 6 heaad South on Ferndale. Take Ferndale Rd N and turn onto Lydiard Rd. Take Left toward the home.

Development Status

Raw Land
Yes

Fencing

None
Yes

Insurance Fee

Insurance Fee
0

Lot Description

Irregular Lot
Yes
Property Adjoins Public Land
Yes
Tree Coverage - Heavy
Yes
Tree Coverage - Medium
Yes

Restriction/Covenants

None
Yes

Road Frontage

Private Road
Yes
Storm Sewer
Yes

Road Responsibility

Public Maintained Road
Yes

Sellers Terms

Cash
Yes
Conventional
Yes

Topography

Gently Rolling
Yes
Walkout
Yes

Available Utilities

Cable Available
Yes
Electricity Available
Yes
Natural Gas Available
Yes
None Connected
Yes
Phone Available
Yes
Sewer Available
Yes

Improvements

Paved Streets
Yes

Land Inclusions

Survey
Yes
IDX
Listing Office: Coldwell Banker Realty
Last Updated: June - 26 - 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.