2462 Lafayette Rd Wayzata, MN 55391
Estimated payment $41,863/month
Total Views
7,491
6
Beds
5.5
Baths
7,181
Sq Ft
$961
Price per Sq Ft
Highlights
- Lake Front
- Beach Access
- Deck
- Schumann Elementary School Rated A-
- 52,272 Sq Ft lot
- Family Room with Fireplace
About This Home
A stunning full renovation where timeless 1900s charm meets 2025 luxury on 150 feet of prime Minnetonka Beach lake shore. Completely reimagined from the studs up, this exquisite home preserves its early 1900s character while being fully modernized to today’s highest standards. Thoughtfully redesigned by acclaimed Lake Minnetonka architect Mike Sharratt, every inch of this 18-month renovation was crafted to maximize breathtaking lake views from as many rooms as possible. Highlights include: An expansive kitchen with a Wolf 48” range, Sub-Zero refrigerator, oversized walk-in pantry, built-in 8-person dining banquette, and a large island with seating for four. Formal dining room includes a dedicated bar area with sink, Sub-Zero 100-bottle wine fridge, and beverage coolers. Other main floor highlights include main floor laundry room with sink and custom cabinetry, 3 bedrooms, 3 bathrooms and a one of a kind 46 foot wide screened in porch with priceless views.
The exceptional upper level primary suite spans more than 40+ feet of lake-facing windows for panoramic views of Lafayette Bay, Big Island and
walks out to a private 600+ square foot, maintenance free sun deck. Other features of the primary suite include a 225’ walk-in closet with custom cabinetry, an incredibly spacious primary tiled bath with separate vanities, tiled shower, soaking tub and 2nd laundry room.
The lower levels are highlighted by a fully finished “man cave” with full bar, massive beverage refrigerator, multiple flat screen TVs, ready for game day or movie night. Custom mudroom with built-in lockers for everyday functionality.
Other features of the renovation include:
Spray foam insulation for top-tier efficiency,
All-new windows throughout,
brand new 4 car garage with integrated upper level 1,100 sq ft studio apartment with kitchenette, ideal for guests, in-laws, or creative office/bonus space.
Structural steel beam reinforcement for enhanced integrity
Brand-new roof, HardiePlank siding, updated electrical and mechanical systems,
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $52,074
Year Built
- Built in 1903
Lot Details
- 1.2 Acre Lot
- Lot Dimensions are 27x151x31x122x30
- Lake Front
- Irregular Lot
Parking
- 4 Car Attached Garage
- Insulated Garage
- Garage Door Opener
Home Design
- Studio
- Architectural Shingle Roof
- Shake Siding
Interior Spaces
- 2-Story Property
- Wet Bar
- Stone Fireplace
- Family Room with Fireplace
- 2 Fireplaces
- Living Room with Fireplace
- Dining Room
- Game Room
- Screened Porch
- Lake Views
- Washer
Kitchen
- Range
- Microwave
- Dishwasher
- Wine Cooler
- Stainless Steel Appliances
- The kitchen features windows
Bedrooms and Bathrooms
- 6 Bedrooms
- Walk-In Closet
Finished Basement
- Sump Pump
- Drain
- Basement Storage
- Basement Window Egress
Outdoor Features
- Beach Access
- Deck
- Patio
Additional Features
- Sod Farm
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- Gipson Acres 2Nd Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 1511723340006
Map
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Home Values in the Area
Average Home Value in this Area
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 | $48,802 | $4,153,700 | $2,968,900 | $1,184,800 |
| 2022 | $38,719 | $3,579,000 | $2,582,000 | $997,000 |
| 2021 | $39,041 | $2,902,000 | $2,134,000 | $768,000 |
| 2020 | $40,624 | $2,938,000 | $2,172,000 | $766,000 |
| 2019 | $39,167 | $2,887,000 | $2,336,000 | $551,000 |
| 2018 | $39,655 | $2,732,000 | $2,225,000 | $507,000 |
| 2017 | $32,850 | $2,224,000 | $1,725,000 | $499,000 |
| 2016 | $30,202 | $2,042,000 | $1,595,000 | $447,000 |
| 2015 | $29,186 | $1,982,000 | $1,535,000 | $447,000 |
| 2014 | -- | $1,590,000 | $1,120,000 | $470,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2025 08/26/25 | Price Changed | $6,900,000 | -5.5% | $961 / Sq Ft |
| 07/17/2025 07/17/25 | For Sale | $7,300,000 | +68.4% | $1,017 / Sq Ft |
| 09/20/2023 09/20/23 | Sold | $4,334,000 | -11.5% | $740 / Sq Ft |
| 08/31/2023 08/31/23 | Pending | -- | -- | -- |
| 07/21/2023 07/21/23 | For Sale | $4,895,000 | -- | $836 / Sq Ft |
Source: NorthstarMLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $4,334,000 | Watermark Title | |
| Warranty Deed | $1,780,000 | Burnet Title | |
| Warranty Deed | $1,700,000 | -- | |
| Warranty Deed | $795,000 | -- | |
| Warranty Deed | $795,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $800,000 | New Conventional | |
| Previous Owner | $548,250 | New Conventional | |
| Previous Owner | $938,500 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $1,424,000 | New Conventional | |
| Previous Owner | $417,000 | New Conventional |
Source: Public Records
Similar Homes in Wayzata, MN
Source: NorthstarMLS
MLS Number: 6754063
APN: 15-117-23-34-0006
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