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875 Lake Street N, 318, Wayzata, MN 55391

$2,350,000

875 Lake Street North - Spacecrafting - 0016.jpg

Located just 15 minutes from Downtown Minneapolis and with close proximity to Lake Minnetonka's yacht clubs and marinas.

Stepping out the building door is a green space that may be used for dog walking and which hosts a farmers market during the summer months.

The building foyer has cozy seating area, fireplace and is adjacent to the postal and package center.

With all the amenities and more than you would expect, unit 318 is a wonderful home for year round or seasonal residents.

Spacious entry foyer with walnut floors, ample closet and updated lighting.

The large kitchen has walnut center island, granite countertops, white subway tile backsplash and Jenn-Aire appliances.

There is a 5 burner electric cooktop, combination oven/microwave and reverse osmosis water system.

There is abundant cabinetry and a planning desk.

The kitchen is open to the great room with its walls of windows and exterior door to the smaller balcony with grill.

The center island has counter height seating for 4-5.

The family room has gas fireplace and a mantel with an outlet and wiring for hookup of a TV.

Dining area is large enough to accommodate a table with expansion capability.

The living room has door onto large balcony.

The owner's suite has it's own set of doors to the large balcony and has plenty of room for a king size bed and seating area.

The ensuite has dual vanities and separate shower.

In addition to closet space in the main bedroom there are two walk-in closets.

Second walk-in closet in the owner's suite.

The second bedroom is off the family room.

8 seat theater room comes complete with seating.

Theater also comes with 100" projection television.

The smaller balcony has a built-in gas grill and room for a small table and pair of chairs.

This unit has two balcony decks. The larger one has ample room for sofa and outdoor dining table and chairs and has doorway leading to both the primary bedroom suite and to the living room.

The Mezzanine on Floor 1 offers a small meeting space overlooking the building entryway and where the property manager has scheduled office hours.

The second floor party room is truly a special space for entertaining friends and family with a full kitchen with everything you need to prepare or serve a wonderful meal.

Your guests will enjoy relaxing around the two sided fireplace.

Unit 318 has two balcony decks overlooking the courtyard with two balconies with three access doors to the outside.

From the 2nd floor party room, you can access the courtyard with it' comfortable seating, outdoor dining space, enjoy the comfort of the fireplace and the beautiful manicured gardens.

The 2nd floor courtyard also has shaded sunny spaces with fire area, perfect for sunning or enjoying a good book.

If you are hosting. smaller gathering, the 5th floor rooftop club room might be a fit. It also has a full kitchen and gathering space

The Club room also includes a more intimate outdoor space - the perfect spot to catch Wayzata's 4th of July fireworks display.

The fifth floor has roof-top views to Lake Minnetonka

Back on the third floor is a well equipped workout room,

Pets are welcome at the Regatta and even have their own pet grooming room.

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,730 Lot Size (sq. ft.): 71,003 Status: Closed

Current Price: $2,350,000 List Date: 1/05/2026 Last Modified: 5/21/2026

Overview

Description

Enjoy luxury living at its finest with one of the most spacious and amenity filled Wayzata condominiums. The great room design with fireplace, huge primary suite, 2nd bedroom suite and home office (could be an 3rd bedroom), are just the beginning. This unit boasts an 8 seat theater room and two balconies, 4 underground assigned parking spaces and two storage lockers. Conveniently located just 15 minutes from downtown Minneapolis but nestled in bucolic Wayzata within walking distance to shops and restaurants and conveniently to Wayzata's yacht clubs and marinas. This is a one of a kind property for a special owner.

Listing Details MLS# 6747029

General Property Information

Assoc Mgmt Co. Phone #: 612-277-2700
Association Fee Frequency: Monthly
Association Mgmt Co. Name: First Service Residential
Common Wall: Yes
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: Yes
Year Built: 2014
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: Yes
Bath Three Quarters: Yes
Bath Half: Yes
Main Floor Total SqFt: 2730
Above Grd Total SqFt: 2730
Total SqFt: 2730
Total Finished Sqft: 2730.00
FireplaceYN: Yes
Style: (CC) High Rise (4+ Levels)
Foundation Size: 2730
Power Company: Xcel Energy
Association Fee: 1837.06
Garage Stalls: 4
Lot Dimensions: common
Acres: 1.63
Assessment Pending: No
Bath Quarter: 0
Below Grd Total SqFt: 0

Property Features

Accessible: Accessible Elevator Installed; Door Lever Handles; Grab Bars In Bathroom; Lowered Switches/Controls; No Stairs External; Partially Wheelchair Air Conditioning: Central Air Amenities Shared: Car Wash; Elevator(s); Fire Sprinkler System; Lobby; Patio; Security Building Amenities Unit: Balcony; Cable; Ceiling Fan(s); French Doors; Hardwood Floors; Indoor Sprinklers; Kitchen Center Island; Main Floor Primary Bedroom; Primary Bedroom Walk-In Closet; Tile Floors; Walk-In Closet; Washer/Dryer Hookup Appliances: Chandelier; Cooktop; Dishwasher; Disposal; Double Oven; Dryer; Energy Star Appliances; Microwave; Refrigerator; Washer; Water Filtration System Association Fee Includes: Building Exterior; Cable TV; Controlled Access; Gas; Internet; Lawn Care; Outside Maintenance; Professional Mgmt; Sanitation; Shared Amenities; Snow Removal; Water Basement: None Bath Description: Double Sink; His and Her Closets; Main Floor 1/2 Bath; Main Floor 3/4 Bath; Main Floor Full Bath; 3/4 Primary; Private Primary; Bathroom Ensuite Construction Status: Previously Owned Dining Room Description: Breakfast Bar; Informal Dining Room; Kitchen/Dining Room Electric: Circuit Breakers Existing Financing: Free and Clear Exterior: Brick/Stone Family Room Characteristics: 2 or More; Entertainment/Media Center; Great Room; Main Level Financing Terms: Cash Fireplace Characteristics: Insert; Family Room; Gas Burning Fuel: Natural Gas Heating: Forced Air Internet Options: Satellite Laundry: Gas Dryer Hookup; In Unit; Laundry Closet; Main Level; Washer Hookup Lock Box Type: Supra Lot Description: Underground Utilities Parking Characteristics: Floor Drain; Garage Door Opener; Heated Garage Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Shared Rooms: Amusement/Party Room; Exercise Room; Other Special Search: All Living Facilities on One Level; Divided Bdr Flr Plan; Main Floor Bedroom; Main Floor Laundry; Primary Bdr Suite Stories: One Water: City Water/Connected

Contract Information

Off Market Date: 2026-04-21
Contingency: None
Closed Date: 2026-05-15
Original List Price: 2500000
Sales Close Price: 2350000
ListPrice: 2400000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 875
Street Name: Lake
Street Suffix: Street
Street Direction Suffix: N
Unit Number: 318
Postal City: Wayzata
County: Hennepin
State: MN
Zip Code: 55391
Complex/Dev/Subdivision: CIC 1991 Regetta Wayzata Bay Resid

Assessments

Tax With Assessments: 23361
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 2730

More Information

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: MAAR
Supra: Yes

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: CIC NO 1991 REGETTA WAYZATA BAY RESID UNIT NO 318
Listing City: Wayzata
Map Page: 104
Municipality: Wayzata
School District: Wayzata
School District Phone: 763-745-5000
County Abbreviation: 318
Zip Plus 4: 2760
Property ID Number: 0611722410153
Tax Year: 2025
Tax Amount: 23361
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Enjoy luxury living at its finest with one of the most spacious and amenity filled Wayzata condominiums. The great room design with fireplace, huge primary suite, 2nd bedroom suite and home office (could be an 3rd bedroom), are just the beginning. This unit boasts an 8 seat theater room and two balconies, 4 underground assigned parking spaces and two storage lockers. Conveniently located just 15 minutes from downtown Minneapolis but nestled in bucolic Wayzata within walking distance to shops and restaurants and conveniently to Wayzata's yacht clubs and marinas. This is a one of a kind property for a special owner.
Directions: Wayzata Blvd. S on Superior, E on Lake St to Regatta Residences.

Accessible

Accessible Elevator Installed: Yes
Door Lever Handles: Yes
Grab Bars In Bathroom: Yes
Lowered Switches/Controls: Yes
No Stairs External: Yes
Partially Wheelchair: Yes

Air Conditioning

Central Air: Yes

Amenities Shared

Car Wash: Yes
Elevator(s): Yes
Fire Sprinkler System: Yes
Lobby: Yes
Patio: Yes
Security Building: Yes

Amenities Unit

Balcony: Yes
Cable: Yes
Ceiling Fan(s): Yes
French Doors: Yes
Hardwood Floors: Yes
Indoor Sprinklers: Yes
Kitchen Center Island: Yes
Main Floor Primary Bedroom: Yes
Primary Bedroom Walk-In Closet: Yes
Tile Floors: Yes
Walk-In Closet: Yes
Washer/Dryer Hookup: Yes

Appliances

Chandelier: Yes
Cooktop: Yes
Dishwasher: Yes
Disposal: Yes
Double Oven: Yes
Dryer: Yes
Energy Star Appliances: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes
Water Filtration System: Yes

Association Fee Includes

Building Exterior: Yes
Cable TV: Yes
Controlled Access: Yes
Gas: Yes
Internet: Yes
Lawn Care: Yes
Outside Maintenance: Yes
Professional Mgmt: Yes
Sanitation: Yes
Sewer: Yes
Shared Amenities: Yes
Snow Removal: Yes
Water: Yes

Basement

None: Yes

Bath Description

Double Sink: Yes
His and Her Closets: Yes
Main Floor 1/2 Bath: Yes
Main Floor 3/4 Bath: Yes
Main Floor Full Bath: Yes
3/4 Primary: Yes
Private Primary: Yes
Bathroom Ensuite: Yes

Construction Status

Previously Owned: Yes

Dining Room Description

Breakfast Bar: Yes
Informal Dining Room: Yes
Kitchen/Dining Room: Yes

Electric

Circuit Breakers: Yes

Existing Financing

Free and Clear: Yes

Exterior

Brick/Stone: Yes

Family Room Characteristics

2 or More: Yes
Entertainment/Media Center: Yes
Great Room: Yes
Main Level: Yes

Financing Terms

Cash: Yes

Fireplace Characteristics

Insert: Yes
Family Room: Yes
Gas Burning: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Insurance Fee

Insurance Fee: 0

Internet Options

Satellite: Yes

Laundry

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

Lot Description

Underground Utilities: Yes

Parking Characteristics

Floor Drain: Yes
Garage Door Opener: Yes
Heated Garage: Yes

Patio, Porch and Deck Features

Other: Yes

Restriction/Covenants

Mandatory Owners Assoc: Yes
Pets - Breed Restriction: Yes
Pets - Cats Allowed: Yes
Pets - Dogs Allowed: Yes
Pets - Number Limit: Yes
Pets - Weight/Height Limit: Yes
Rental Restrictions May Apply: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Shared Rooms

Amusement/Party Room: Yes
Exercise Room: Yes
Other: Yes

Special Search

All Living Facilities on One Level: Yes
Divided Bdr Flr Plan: Yes
Main Floor Bedroom: Yes
Main Floor Laundry: Yes
Primary Bdr Suite: Yes

Stories

One: Yes

Water

City Water/Connected: Yes

Room Information

Room Name	Dimensions	Level
Deck	17x6	Main
Deck	35x10	Main
Foyer	15x10	Main
Primary Bath	17x11	Main
Living Room	19x15	Main
Great Room	28x22	Main
First (1st) Bedroom	22x18	Main
Second (2nd) Bedroom	15x12	Main
Media Room	16x15	Main
Office	13x13	Main

Listing Office: Dwell Realty Partners, LLC

Last Updated: May - 21 - 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.