NOT LISTED FOR SALE

275 Lake St E Unit 301 Wayzata, MN 55391

Wayzata Area

Estimated Value: $3,281,704 - $4,167,000

2 Beds
2.5 Baths
3,200 Sq Ft
$1,160/Sq Ft Est. Value

Sale Details

Date Sold: June 30, 2025

Last sale price $3,850,000 $1,203 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $25,342 / mo

64 Days on Market

Highlights

  • Building Security
  • Lake View
  • Built-In Double Oven
  • Gleason Lake Elementary School Rated A+
  • Breakfast Area or Nook
  • Stainless Steel Appliances

About This Home

As of June 2025

Experience luxury lakeside living in this exquisite top-floor corner unit at Wayzata Blu, an exclusive 18-residence boutique building in downtown Wayzata. Designed by MartinPatrick3, this stunning home offers breathtaking Lake Minnetonka views and a 586 SF private terrace, perfect for entertaining or relaxing. Soaring ceilings and floor-to-ceiling windows flood the space with natural light. A four-panel accordion door with phantom screens seamlessly connects indoor and outdoor living. The gourmet kitchen showcases custom cabinetry, Thermador appliances, quartz countertops, a waterfall island, walk-in pantry, and bar area. An impressive great room fireplace with a mantel is framed by a quartz surround, floating shelves, and under-cabinet lighting. The owner's suite offers spectacular lake views, terrace access, and a spa-inspired bath with a jetted soaking tub, walk-in shower, double vanity, make-up area, and dual walk-in closets. The bath also features a window with lake views. The guest bedroom includes a 3⁄4 bath and large closet. The office/den, featuring built-in cabinetry, a wood ladder, window bench, and barn door, can easily convert to a third bedroom. Both rooms offer expansive windows. White oak hardwood flooring and high-end lighting elevate the home's elegance. Additional highlights include an oversized laundry room with custom built-in storage, a sophisticated powder room, and a spacious foyer with a locker system and ample storage. A generous storage room doubles as a private workout space. The Elan home management system provides seamless control of climate, media, lighting, shades, and security. This secured, high-quality building features concrete construction and metal stud framing for durability and soundproofing. Two main-level heated parking spots including built-in storage. Just steps from Lake Minnetonka, enjoy walkable access to upscale dining, boutique shopping, and entertainment. Urban convenience meets serene lakeside living without the maintenance.

Last Agent to Sell the Property

David Stickney

Coldwell Banker Realty Brokerage Phone: 9522500122 Listed on: 04/11/2025

Coldwell Banker Realty

Co-Listed By

George Stickney

Coldwell Banker Realty Brokerage Phone: 9522500122

Last Buyer's Agent

Amy Albert

Compass

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $42,305

Year Built

  • Built in 2019

Lot Details

  • 0.73

HOA Fees

  • $1,269 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Door Opener

Home Design

  • Property Attached
  • Flat Roof Shape
  • Metal Siding

Interior Spaces

  • 3,200 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Lake Views
  • Fire Sprinkler System

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Double Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Vented Exhaust Fan
  • Water Filtration System
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 0611722320047

Community Details

Overview

  • Association fees include building exterior, controlled access, hazard insurance, lawn care, ground maintenance, parking, professional mgmt, sanitation, shared amenities, snow removal
  • Gassen Association, Phone Number (952) 922-5575
  • Low-Rise Community
  • Wayzata Blu Subdivision

Amenities

  • Lobby

Security

  • Building Security
  • Security Lighting

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$42,305

Year Built

Built in 2019

Lot Details

0.73 Acres

HOA Fees

$1,269 per month

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: (CC) Low Rise (3- Levels)
  • Cooling System: Central Air
  • Outside Features: Stone, Metal
  • Garage Spaces: 2
  • Accessibility Features: Accessible Elevator Installed
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Association Amenities: Concrete Floors & Walls, Elevator(s), Fire Sprinkler System, Lobby Entrance, Other, Security Building, Security Lighting
  • Fee Frequency: Monthly
  • Year Built: 2019
  • Above Grade Finished Sq Ft: 3200
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Attribution Contact: 9522500122
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Appliances: Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Humidifier, Water Filtration System, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer, Water Softener Owned, Wine Cooler
  • Fireplace Features: Gas, Living Room
  • Living Area: 3200
  • Fireplace: Yes
  • Basement YN: No

Beds/Baths

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

Exterior Features

  • Roof: Age 8 Years or Less, Flat
  • View: East, Lake, Panoramic, South, West
  • Foundation Details: None
  • PatioPorchType: Terrace

Garage/Parking

  • Parking Features: Assigned, Attached Garage, Garage Door Opener, Heated Garage, Parking Garage

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • LaundryFeatures: Laundry Room, Main Level, In Unit
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Building Exterior, Controlled Access, Hazard Insurance, Lawn Care, Maintenance Grounds, Parking, Professional Mgmt, Sanitation, Shared Amenities, Snow Removal
  • Phone: 9529225575
  • Association Fee: 1269.44
  • Association: Yes
  • Amenities Unit: Balcony, Hardwood Floors, Indoor Sprinklers, Kitchen Center Island, Primary Bedroom Walk-In Closet, Main Floor Primary Bedroom, Natural Woodwork, Patio, Panoramic View, Tile Floors, Washer/Dryer Hookup, Wet Bar, Walk-In Closet

Association/Amenities

  • HOA Management Co: Gassen

Schools

  • Junior High Dist: Wayzata
  • SchoolDistrictPhone: 7637455000

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: Yes
  • Lot Size: 0
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 0611722320047
  • Tax Annual Amount: 42305
  • TaxWithAssessments: 42305

Multi Family

  • WaterfrontFeatures: Lake View

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 11, 2025
Closed on
Jun 30, 2025
Sold by
Bought by
Seller's Agent
David Stickney
Coldwell Banker Realty
Buyer's Agent
Amy Albert
Compass
List Price
$3,995,000
Sold Price
$3,850,000
Premium/Discount to List
-$145,000
-3.63%
Views
42
Current Estimated Value
$3,713,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$136,824
Avg. Annual Appreciation
-3.39%

Purchase Details

Closed on
Dec 23, 2019
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
$999,999
Interest Rate
0.0337%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2019
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
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

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
$3,850,000 Chb Title
$2,770,345 Guaranty Commercial Ttl Inc
-- --
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 $964,000
Previous Owner $999,999
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 $3,850,000 -3.6% $1,203 / Sq Ft
06/14/2025 06/14/25 Pending -- -- --
04/11/2025 04/11/25 For Sale $3,995,000 -- $1,248 / 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 $46,095 $3,585,100 $977,600 $2,607,500
2024 $42,305 $3,393,300 $863,200 $2,530,100
2023 $41,166 $3,441,800 $863,200 $2,578,600
2022 $30,070 $2,421,000 $455,000 $1,966,000
2021 $29,841 $2,191,000 $455,000 $1,736,000
2020 $9,133 $2,186,000 $455,000 $1,731,000
2019 $23,912 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6698773

NorthstarMLS

APN: 06-117-22-32-0047

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