NOT LISTED FOR SALE

16515 Prospect Place Wayzata, MN 55391

Wayzata Area

Estimated Value: $704,044

4 Beds
3 Baths
2,482 Sq Ft
$284/Sq Ft Est. Value

Sale Details

Date Sold: June 30, 2025

Last sale price $708,150 $285 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,329 / mo

11 Days on Market

Highlights

  • Corner Lot
  • Lower Floor Utility Room
  • 2 Car Attached Garage
  • No HOA
  • The kitchen features windows
  • Eat-In Kitchen

About This Home

As of June 2025

Relaxed lake-life meets high style and sophistication. Completely updated and remodeled, every detail has been meticulously finished to the highest standards. The open floorplan is filled with natural light and tranquil views.
The brand-new kitchen is complete with top-of-the-line stainless steel appliances, professional vent hood, elegant quartz countertops, custom tile backsplash, pot-filler, and beautiful cabinetry that provides thoughtful storage and plenty of space for everything. A separate pantry tops it off perfectly. Don’t miss the built-in coffee station – a custom touch sure to impress the barista in your home! Modern LVP floors flow seamlessly throughout the kitchen, living, and dining areas.
The main floor private owner’s suite showcases two separate closets, double vanities, and separate shower. A seated makeup vanity completes the private bath suite.
The second bedroom and full bath are also located on the main floor. Enjoy cozy evenings by the wood-burning fireplace located in the main floor living room, perfect for creating memorable moments with family and friends. Two dining options include a large eat-in kitchen with built-in banquette seating or you may prefer the casual dining space adjacent to the living room.
The daylight basement offers additional living spaces including 2 bedrooms another 3⁄4 bath, an office and a generous family room with daylight views of the nearly 1⁄2 acre yard. The charming wine bar just off the family room is sure to delight. Situated on a large homesite with mature trees, this home also offers a screened gazebo creating a delightful opportunity for entertaining or relaxing. The oversized garage offers plenty of space for your vehicles and storage needs.
Location is everything, and this home delivers! Just a short walk to the picturesque trails of Lake Minnetonka and only one block from the charming Libbs Lake. Close to Lake Minnetonka recreation, grocery stores, dining options and world-class schools.

Last Agent to Sell the Property

Gregg Murray

Coldwell Banker Realty Brokerage Phone: 9523342333 Listed on: 04/10/2025

Coldwell Banker Realty

Last Buyer's Agent

Allison Errickson

Edina Realty, Inc.

Edina Realty, Inc.
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,653

Year Built

  • Built in 1984

Lot Details

  • Lot Dimensions are 199x156x233x35
  • Corner Lot
  • Few Trees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Block Foundation
  • Frame Construction
  • Stone Exterior Construction
  • Cement Board or Planked

Interior Spaces

  • 1-Story Property
  • Living Room with Fireplace
  • Dining Room
  • Lower Floor Utility Room
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • The kitchen features windows

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • 200+ Amp Service
  • Water Softener is Owned

Community Details

  • No Home Owners Association
  • Thorpe Bros Groveland Shores Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1711722130065

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,653

Year Built

Built in 1984

Lot Details

0.44 Acres

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family
  • Cooling System: Central Air
  • Outside Features: Stone, Cement Board
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Year Built: 1984
  • Above Grade Finished Sq Ft: 1247
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Attribution Contact: 9523342333
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Daylight/Lookout Windows, Finished
  • Appliances: Dishwasher, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Washer, Water Softener Owned
  • Fireplace Features: Living Room
  • Living Area: 2482
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 1235
  • Basement YN: Yes

Beds/Baths

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

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • PoolFeatures: None
  • Foundation Details: Block
  • Other Structures: Gazebo, Storage Shed

Garage/Parking

  • Parking Features: Attached Garage, Asphalt, Garage Door Opener

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • LaundryFeatures: Electric Dryer Hookup, Gas Dryer Hookup, Lower Level, Laundry Room
  • Electric: 200+ Amp Service
  • Fuel: Natural Gas
  • Power Company: Xcel Energy

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s), Ethernet Wired, Kitchen Window, Main Floor Primary Bedroom, Tile Floors, Washer/Dryer Hookup, Walk-In Closet

Schools

  • Junior High Dist: Minnetonka
  • SchoolDistrictPhone: 9524015000

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: No
  • Lot Size: 199x156x233x35
  • Land Lease: No
  • Lot Features: Corner Lot, Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Frame

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 1711722130065
  • Tax Annual Amount: 6653
  • TaxWithAssessments: 6653

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2025
Closed on
May 16, 2025
Sold by
Bought by
Seller's Agent
Gregg Murray
Coldwell Banker Realty
Buyer's Agent
Allison Errickson
Edina Realty, Inc.
List Price
$699,900
Sold Price
$708,150
Premium/Discount to List
$8,250
1.18%
Views
54
Current Estimated Value
$704,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,106
Avg. Annual Appreciation
-0.53%

Purchase Details

Closed on
Aug 30, 2022
Sold by
Bought by

Purchase Details

Closed on
Jul 28, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
3.96%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 23, 2015
Sold by
Bought by
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$708,150 Flex Title
$430,000 Executive Associates Title
$330,000 Carber County Abstract & Tit
-- Attorney
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $125,000
Previous Owner $25,000
Previous Owner $200,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/30/2025 06/30/25 Sold $708,150 +1.2% $285 / Sq Ft
04/21/2025 04/21/25 Pending -- -- --
04/10/2025 04/10/25 For Sale $699,900 -- $282 / Sq Ft
Source: NorthstarMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $7,120 $523,000 $202,400 $320,600
2024 $6,673 $507,800 $202,400 $305,400
2023 $5,567 $447,200 $202,400 $244,800
2022 $5,027 $429,000 $202,400 $226,600
2021 $4,833 $369,300 $184,000 $185,300
2020 $4,898 $356,800 $184,000 $172,800
2019 $4,797 $347,300 $184,000 $163,300
2018 $4,270 $339,100 $184,000 $155,100
2017 $4,432 $310,900 $169,900 $141,000
2016 $3,847 $272,200 $155,000 $117,200
2015 $3,560 $253,000 $150,000 $103,000
2014 -- $232,400 $150,000 $82,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6700794

NorthstarMLS

APN: 17-117-22-13-0065

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