$3,499,000
PENDING

1981 Fagerness Point Rd Wayzata, MN 55391

Estimated payment $21,614/month

Total Views 18,606
5 Beds
4.5 Baths
4,832 Sq Ft
$724 Price per Sq Ft

Highlights

  • Lake Front
  • Beach Access
  • Loft
  • Hilltop Primary School Rated A
  • Main Floor Primary Bedroom
  • 1 Fireplace

About This Home

Discover this stunning, completely remodeled 4,800+ square foot home in the highly sought-after Fagerness Point neighborhood of Orono, overlooking beautiful Lake Minnetonka. Boasting a main floor primary bedroom and four additional bedrooms on one level, this residence offers ample space with five luxurious baths. Enjoy the elegance of hardwood and tile floors throughout and relax in the spacious family rooms on both the lower and upper levels. With accessible shoreline on both sides of the home you can enjoy West facing sunsets as well as Easterly sunrises. This lakefront gem with 268’ of shoreline features breathtaking West Arm Bay views that make it perfect for lakeside living. Don't miss this rare opportunity!

Listing Agent

Andrew Spilseth

Compass

Compass

Co-Listing Agent

T. Cody Turnquist

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,580

Year Built

  • Built in 2009

Lot Details

  • 0.63 Acre Lot
  • Lake Front

Parking

  • 3 Car Attached Garage
  • Tuck Under Garage
  • Guest Parking

Interior Spaces

  • 2-Story Property
  • 1 Fireplace
  • Family Room
  • Living Room
  • Home Office
  • Loft
  • Play Room
  • Lake Views

Kitchen

  • Freezer
  • Dishwasher
  • Wine Cooler
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Finished Basement

  • Sump Pump
  • Drain
  • Basement Storage
  • Basement Window Egress

Utilities

  • Forced Air Heating and Cooling System
  • Geothermal Heating and Cooling

Additional Features

  • Air Exchanger
  • Beach Access

Community Details

  • No Home Owners Association
  • Fagerness Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1811723140005

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,580

Year Built

Built in 2009

Lot Details

0

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air, Geothermal
  • Garage Spaces: 3
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Year Built: 2009
  • Above Grade Finished Sq Ft: 3762
  • Water Body Name: Minnetonka
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Drain Tiled, 8 ft+ Pour, Egress Window(s), Finished, Concrete, Storage Space, Sump Pump, Tile Shower
  • Appliances: Air-To-Air Exchanger, Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Refrigerator, Washer, Wine Cooler
  • Living Area: 4832
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 1070
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Office, Play Room, Walk In Closet, Loft, Family Room

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Three Quarter Bathrooms: 2

Exterior Features

  • Roof: Age Over 8 Years
  • View: Bay, East, West
  • PatioPorchType: Deck,Patio,Terrace
  • Lake Acres: 14205
  • LakeChain: N

Garage/Parking

  • Parking Features: Attached Garage, Guest Parking, Tuckunder Garage
  • Garage Square Feet: 759
  • Garage Door Height: 8

Utilities

  • Heating: Forced Air, Fireplace(s), Geothermal, Radiant Floor
  • Sewer: City Sewer/Connected
  • Fuel: Electric,Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Balcony,Main Floor Primary Bedroom,Boat Slip,Tile Floors

Schools

  • Junior High Dist: Westonka
  • SchoolDistrictNumber: 277
  • SchoolDistrictPhone: 952-491-8001

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: SE100x195x101x176
  • Lot Size Sq Ft: 27442.8
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Other

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 1811723140005
  • Tax Annual Amount: 26580
  • TaxWithAssessments: 26580.0000

Multi Family

  • WaterfrontFeatures: Dock, Lake Front, Lake View

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2023 $26,580 $2,587,000 $1,312,700 $1,274,300
2022 $20,103 $2,263,000 $1,193,000 $1,070,000
2021 $18,336 $1,848,000 $988,000 $860,000
2020 $17,299 $1,681,000 $950,000 $731,000
2019 $16,890 $1,500,000 $785,000 $715,000
2018 $16,143 $1,456,000 $805,000 $651,000
2017 $16,932 $1,385,000 $775,000 $610,000
2016 $16,794 $1,368,000 $775,000 $593,000
2015 $18,181 $1,443,000 $850,000 $593,000
2014 -- $1,410,000 $850,000 $560,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2025 04/22/25 Pending -- -- --
04/14/2025 04/14/25 Off Market $3,499,000 -- --
04/09/2025 04/09/25 Price Changed $3,499,000 -1.4% $724 / Sq Ft
03/19/2025 03/19/25 Price Changed $3,549,000 -1.4% $734 / Sq Ft
03/10/2025 03/10/25 Price Changed $3,599,000 -1.3% $745 / Sq Ft
02/06/2025 02/06/25 For Sale $3,645,000 0.0% $754 / Sq Ft
02/03/2025 02/03/25 Off Market $3,645,000 -- --
01/13/2025 01/13/25 Price Changed $3,645,000 -1.4% $754 / Sq Ft
12/12/2024 12/12/24 Price Changed $3,695,000 -2.6% $765 / Sq Ft
12/02/2024 12/02/24 Price Changed $3,795,000 -2.6% $785 / Sq Ft
11/18/2024 11/18/24 Price Changed $3,895,000 -2.5% $806 / Sq Ft
11/07/2024 11/07/24 For Sale $3,995,000 +154.9% $827 / Sq Ft
04/19/2012 04/19/12 Sold $1,567,500 -12.9% $380 / Sq Ft
02/27/2012 02/27/12 Pending -- -- --
05/24/2011 05/24/11 For Sale $1,799,900 -- $436 / Sq Ft
Source: NorthstarMLS

Deed History

Date Type Sale Price Title Company
Warranty Deed $3,000,000 First American Title Insurance
Warranty Deed $1,765,000 Carver County Abstract & Title
Interfamily Deed Transfer -- Servicelink
Warranty Deed $1,567,500 Burnet Title
Warranty Deed $550,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $3,000,000 Construction
Previous Owner $1,331,250 Construction
Previous Owner $500,000 Credit Line Revolving
Previous Owner $837,000 Credit Line Revolving
Previous Owner $417,000 New Conventional
Previous Owner $417,000 New Conventional
Source: Public Records

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Source: NorthstarMLS

MLS Number: 6623996

NorthstarMLS

APN: 18-117-23-14-0005