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Wayzata

Wayzata

$1,259,481 Average Value
$501 Average Price per Sq Ft
90 Homes For Sale

Wayzata is a lakeside paradise on the shores of Lake Minnetonka

Wayzata sits on the shores of Lake Minnetonka, which has been a defining feature of the city since it established itself as a lakeside resort in the late 1800s. When not in the water, people can walk through the vibrant downtown and stop by local parks and restaurants. Full-time residents also love the city because of its highly rated schools and community events. Highway access means you can reach Minneapolis in less than half an hour.

People boat on the water and stroll down the boardwalk

Lake Minnetonka is the heart of Wayzata, attracting tourists and lifelong residents. People spend hours on the lake, either hanging out on a boat or kayaking with friends. The city has invested a lot of time and resources into making the waterfront a fun place to be, especially with the Panoway on Wayzata Bay, which brought more green space and a boardwalk to the area. There are plenty of other opportunities to get outdoors, including:

  • Wayzata Beach, where you can access the water or play sand volleyball
  • Big Woods Preserve, a hardwood forest with a winding trail
  • The Depot, a historic train station with picnic tables and colorful gardens
“It’s beautiful here from a nature perspective, but we’re also just 12 miles west of Minneapolis, so you really have the best of both worlds,” says former Wayzata city manager Jeffrey Dahl.

Lakeside homes and townhouses with a wide price range

Homes here range from mid-20th-century ranch-style houses to sprawling New Traditional styles built in the 2010s and 2020s, many of which are right on the water. There are also plenty of townhouses. Like the homes themselves, Wayzata’s prices vary widely. “There are price points for everyone in Wayzata, from affordable living with shared amenities to lake homes on Wayzata Bay, which are among the most expensive in the upper Midwest,” says lifelong resident Pete Ice, a Realtor with Edina Realty’s Wayzata Office. The median sale price is about $1.2 million. Smaller townhouses farther from the water start in the mid-$200,000s, while lakefront homes can cost more than $6.5 million.

Events near the water include a concert series and community festival

Living here not only means access to the lake, but to the many events that take place by the water. These range from the recurring Music by the Lake concerts in July and August to annual celebrations like the Wayzata Art Experience, a juried art show that happens in June. Another local favorite is James H. Hill Days, a three-day festival with carnival rides, food trucks and a parade that’s named for one of the men who turned the city into the destination it is today.

You can eat and shop at local restaurants and The Promenade of Wayzata

Wayzata’s downtown overlooks Lake Minnetonka. There’s a mix of chain restaurants and local favorites, including:

  • The Grocer’s Table, a cafe and wine bar
  • Cov Wayzata, which brings the East Coast to the Midwest
  • Maggie’s Family Restaurant, which serves diner classics on the water
  • Gianni’s Steakhouse, an upscale restaurant that’s been open for over 25 years
You’ll find more options at The Promenade of Wayzata, a mixed-use development on the corner of Lake Street and Superior Boulevard. There are popular stores like Anthropologie, as well as local shops and salons.

Students can attend highly rated Wayzata schools

The city is part of the Wayzata Public School District, home to Wayzata High School, the state’s largest high school. Students can take Advanced Placement and dual enrollment classes to earn college credit before graduation. Both the district and the high school receive an A-plus from Niche.

U.S. Route 12 makes it easy to commute to Minneapolis

While Wayzata’s downtown is very walkable, you’ll probably need a car for commuting and running errands. U.S. Route 12 goes through the city and leads directly to downtown Minneapolis, about 12 miles (25 minutes) away. It’s a 30-mile (40-minute) drive to Saint Paul. There’s also a Metro Transit Park & Ride station on Wayzata Boulevard.

Zia Sampson
Written By
Zia Sampson
Tyler McNair
Photography Contributed By
Tyler McNair
Austin Lewis
Video By
Austin Lewis

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Area Facts

Number of Homes
3,421
Number of Homes for Sale
90
Median Year Built
1968
Months of Supply
5.60
Average Single Family Home Size Sq Ft
2,857
Significantly above the national average
1,933
Average Townhouse Size Sq Ft
2,668
Average 2 Bedroom Size Sq Ft
1,534
Average 1 Bedroom Size Sq Ft
889
Median Lot Size Sq Ft
20,908

Open Houses

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Rental Home Trends

Number of Homes for Rent
12
Median Rent
$5,950
Median Single Family Home Rent
$6,287
Median 4 Bedroom Single Family Home Rent
$6,948
Median Townhouse Rent
$3,350
Median 3 Bedroom Townhouse Rent
$3,350
Median Condo Rent
$6,995
Median 2 Bedroom Condo Rent
$7,498

Weather

Annual Precipitation
33''
Average Winter Low Temperature
6°F
Average Summer High Temperature
81°F
Annual Snowfall
80''

Area Factors

Fairly bikeable

Bikeability®

40 / 100

Fairly walkable

Walkability®

50 / 100

Limited public transit

Transit®

30 / 100
Source: Local Logic
Sources: Local Logic

Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Wayzata