NOT LISTED FOR SALE

1650 Locust Hills Place Wayzata, MN 55391

Estimated Value: $3,246,508 - $3,589,000

4 Beds
5 Baths
4,765 Sq Ft
$732/Sq Ft Est. Value

Last Sold July 14, 2025

Last sale price $3,565,000 $748 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $23,392/month

16 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Waterfront Community
  • 2 Fireplaces
  • Gleason Lake Elementary School Rated A
  • Main Floor Primary Bedroom
  • Great Room

About This Home

As of July 2025

Stunning Locust Hills home designed by Tom Rauscher and built by Kyle Hunt & Partners, offering breathtaking south-facing nature views! Enjoy the open flowing floorplan with unparalleled high-end finishes, stunning ceiling woodwork detail, and doors that open to the large terraces creating the perfect blend of indoor + outdoor living! The main-level features a den with gorgeous custom built-ins and primary suite with spa-like bath, spacious walk-in closet and French Doors that open to the balcony overlooking the tranquil pond! Large upper-level junior suite with 3⁄4 bath- the perfect space for hosting guests. The walkout lower-level was designed for entertaining with 2 bedrooms; family room with wet bar and doors that open to the lower-level patio. 3-car heated garage with epoxy floor + storage room. Deeded boat slip and HOA maintained docks! Neighborhood amenities: walking trails, clubhouse, pool and lakeside gazebo. Walk to downtown Wayzata shops + restaurants. Low-maintenance living, the perfect condo alternative!

Last Agent to Sell the Property

Jeffrey Dewing

Coldwell Banker Realty Brokerage Phone: 612-597-0424 Listed on: 04/09/2025

Coldwell Banker Realty

Last Buyer's Agent

Steven Anderson

Bayside Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $43,314

Year Built

  • Built in 2010

Lot Details

  • 0.32

HOA Fees

  • $1,530 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Interior Spaces

  • 1.5-Story Property
  • 2 Fireplaces
  • Gas Fireplace
  • Great Room
  • Family Room
  • Living Room
  • Dining Room
  • Den
  • Storage Room

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal
  • The kitchen features windows

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Storage

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Gas Water Heater

Additional Features

  • Air Exchanger
  • Deeded Waterfront Access Rights
  • 0.32 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 0811722210006

Community Details

Overview

  • Association fees include dock, lawn care, professional mgmt, shared amenities, snow removal
  • Rowcal Association, Phone Number (651) 233-1307
  • Locust Hills Subdivision

Recreation

  • Waterfront Community
  • Community Pool
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$43,314

Year Built

Built in 2010

Lot Details

0

HOA Fees

$1,530 per month

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 3
  • Accessibility Features: None
  • Fireplaces: 2
  • Water Source: City Water/Connected
  • Association Amenities: Trail(s)
  • Fee Frequency: Monthly
  • Year Built: 2010
  • Above Grade Finished Sq Ft: 3123
  • Water Body Name: Minnetonka
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Attribution Contact: 612-597-0424
  • Attribution Contact: 612-597-0424
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Full, Other, Storage Space, Walkout
  • Appliances: Air-To-Air Exchanger, Cooktop, Dishwasher, Disposal, Dryer, Humidifier, Gas Water Heater, Water Osmosis System, Microwave, Range, Refrigerator, Wall Oven, Washer
  • Fireplace Features: Gas
  • Living Area: 4765
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 1642
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Great Room, Kitchen, Bedroom 1, Den, Bedroom 2, Family Room, Bedroom 3, Bedroom 4, Storage

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Wood
  • PoolFeatures: Shared
  • PatioPorchType: Patio,Terrace
  • LakeChain: N

Garage/Parking

  • Parking Features: Attached Garage, Driveway - Other Surface, Garage Door Opener

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Dock, Lawn Care, Other, Professional Mgmt, Shared Amenities, Snow Removal
  • Phone: 651-233-1307
  • Association Fee: 1530
  • Association: Yes
  • Amenities Unit: Hardwood Floors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Patio,Security System,Boat Slip,Wet Bar,Walk-In Closet

Association/Amenities

  • HOA Management Co: RowCal

Schools

  • Junior High Dist: Wayzata
  • SchoolDistrictPhone: 763-745-5000

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: No
  • Lot Size: Irregular
  • Lot Size Sq Ft: 13939.2
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 0811722210006
  • Tax Annual Amount: 43314
  • TaxWithAssessments: 43314.0000

Multi Family

  • WaterfrontFeatures: Association Access, Deeded Access, Dock

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2025
Closed on
Jul 9, 2025
Sold by
Ruth Gretchen Holland Revocable Trust and Ault Heidi
Bought by
Thompson Samia
Seller's Agent
Jeffrey Dewing
Coldwell Banker Realty
Buyer's Agent
Steven Anderson
Bayside Real Estate Services
List Price
$3,595,000
Sold Price
$3,565,000
Premium/Discount to List
-$30,000
-0.83%
Views
50
Current Estimated Value
$3,487,127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$77,873
Avg. Annual Appreciation
-7.10%
Original Mortgage
$2,139,000
Interest Rate
6.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2024
Sold by
Holland Ruth Gretchen
Bought by
Ruth Gretchen Holland Revocable Trust and Ault
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Thompson Samia $3,565,000 None Listed On Document
Ruth Gretchen Holland Revocable Trust -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thompson Samia $2,139,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2025 07/14/25 Sold $3,565,000 -0.8% $748 / Sq Ft
04/28/2025 04/28/25 Pending -- -- --
04/12/2025 04/12/25 For Sale $3,595,000 -- $754 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $43,314 $3,472,200 $1,899,000 $1,573,200
2023 $36,652 $3,073,600 $1,468,800 $1,604,800
2022 $26,013 $2,178,000 $920,000 $1,258,000
2021 $28,279 $1,907,000 $868,000 $1,039,000
2020 $26,214 $2,076,000 $1,074,000 $1,002,000
2019 $23,796 $1,863,000 $877,000 $986,000
2018 $23,754 $1,693,000 $779,000 $914,000
2017 $20,633 $1,445,000 $631,000 $814,000
2016 $20,239 $1,376,000 $631,000 $745,000
2015 $19,917 $1,320,000 $574,000 $746,000
2014 -- $1,320,000 $500,000 $820,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6686009

NorthstarMLS

APN: 08-117-22-21-0006