Seller's Agent in 2025
Philip Peterson
Coldwell Banker Realty
(952) 451-0284
66 Total Sales
308 Ferndale Rd W Wayzata, MN 55391
Wayzata AreaEstimated Value: $2,444,000 - $3,183,551
1.99
Acres
$1,472,180
Price per Acre
86,684
Sq Ft Lot
Highlights
- Lake View
- No HOA
- Many Trees
- Gleason Lake Elementary School Rated A+
About This Lot
As of March 2025Welcome to the finest available off lake Wayzata estate site. Nestled among the prime Gold Coast properties of Ferndale, Highcroft and the Harrington Bell property, 308 Ferndale is surrounded by majestic Oaks, Pines and Maples with a sprawling lawn rolling out to the South. With fabulous sun exposure and peekaboo views of Wayzata Bay, you have various options for focal points in your design and layout. Seller and their renowned architect have developed two distinct concept homes. Both concepts capture the beauty of the site while presenting very different layout options, highlighting the beauty and privacy of this rare property. Build from these plans or design your own. One mile to all the charm and fun of Wayzata village. Take advantage of a city dock, available through Wayzata lottery. Please note: the existing grading is different than the concept plans and it is very difficult to envision the site without the aid of a survey and overview of the current design ideas.
Last Agent to Sell the Property
Coldwell Banker Realty Brokerage Phone: 9524510284 Listed on: 10/11/2024
Property Details
Property Type
- Land
Est. Annual Taxes
- $30,649
Year Built
- Built in 1979
Parking
- 2 Car Garage
Lot Details
- Irregular Lot
- Cleared Lot
- Many Trees
- Finished Lot(s)
- Additional Parcels
Additional Features
- Lake Views
- Underground Utilities
Community Details
- No Home Owners Association
- Gabbert Bell Add Subdivision
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
Oct 11, 2024
Closed on
Mar 17, 2025
Sold by
Bought by
Seller's Agent
Philip Peterson
Coldwell Banker Realty
Buyer's Agent
Mimi Bendickson
Compass
List Price
$3,475,000
Sold Price
$2,800,000
Premium/Discount to List
-$675,000
-19.42%
Views
50
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,638
Avg. Annual Appreciation
3.33%
Purchase Details
Listed on
Feb 28, 2024
Closed on
Feb 26, 2024
Sold by
Bought by
Buyer's Agent
Philip Peterson
Coldwell Banker Realty
Sold Price
$3,000,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.36%
Purchase Details
Closed on
Jun 7, 2005
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
$385,000
Interest Rate
0.0587%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Nov 19, 2003
Sold by
Bought by
Purchase Details
Closed on
Oct 4, 1999
Sold by
Bought by
Purchase Details
Closed on
Feb 1, 1998
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $2,800,000 | None Listed On Document | ||
| $3,000,000 | -- | ||
| $3,000,000 | Burnet Title | ||
| $1,875,000 | -- | ||
| $1,400,000 | -- | ||
| $336,500 | -- | ||
| $181,667 | -- |
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 | $100,000 | ||
| Previous Owner | $582,000 | ||
| Previous Owner | $540,000 | ||
| Previous Owner | $385,000 | ||
| Previous Owner | $385,000 | ||
| Previous Owner | $1,300,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 03/18/2025 03/18/25 | Sold | $2,800,000 | -19.4% | $862 / Sq Ft | |
| 03/08/2025 03/08/25 | For Sale | $3,475,000 | +24.1% | $1,069 / Sq Ft | |
| 03/08/2025 03/08/25 | Off Market | $2,800,000 | -- | -- | |
| 11/14/2024 11/14/24 | For Sale | $3,475,000 | +24.1% | $1,069 / Sq Ft | |
| 11/13/2024 11/13/24 | Off Market | $2,800,000 | -- | -- | |
| 10/11/2024 10/11/24 | For Sale | $3,475,000 | +15.8% | $1,069 / Sq Ft | |
| 02/28/2024 02/28/24 | Sold | $3,000,000 | -- | $923 / Sq Ft | View Prior Sale |
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 | $28,871 | $2,192,400 | $2,192,400 | |
| 2024 | $31,208 | $2,525,300 | $1,897,000 | $628,300 |
| 2023 | $35,849 | $2,583,800 | $2,136,600 | $447,200 |
| 2022 | $32,865 | $1,988,000 | $1,620,000 | $368,000 |
| 2021 | $28,716 | $2,137,000 | $1,620,000 | $517,000 |
| 2020 | $28,585 | $1,861,000 | $1,350,000 | $511,000 |
| 2019 | $24,816 | $1,820,000 | $1,305,000 | $515,000 |
| 2018 | $25,288 | $1,586,000 | $1,089,000 | $497,000 |
| 2017 | $25,241 | $1,602,000 | $1,089,000 | $513,000 |
| 2016 | $22,874 | $1,544,000 | $1,071,000 | $473,000 |
| 2015 | $22,159 | $1,459,000 | $1,008,000 | $451,000 |
| 2014 | -- | $1,305,000 | $855,000 | $450,000 |
Source: Public Records
Agents Affiliated with this Home
-
Philip Peterson
-
Ian Petersen
I
Seller Co-Listing Agent in 2025
Ian Petersen
Coldwell Banker Realty
(612) 910-6005
59 Total Sales
-
Mimi Bendickson
Buyer's Agent in 2025
Mimi Bendickson
Compass
(612) 695-8321
83 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6614170
APN: 12-117-23-12-0032
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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