$7,995,000

555 Bushaway Rd Wayzata, MN 55391

Estimated payment $51,888/month

Total Views 27,294
2.72 Acres
$2,939,338 Price per Acre
118,483 Sq Ft Lot

Highlights

  • 240 Feet of Waterfront
  • Lake View
  • No HOA
  • Gleason Lake Elementary School Rated A

About This Lot

Unparalleled Lake Minnetonka estate site on 2.72 acres with 240 feet of level west facing shoreline offering picturesque sunset views over Wayzata Bay. Ideal close-in location with walking paths to downtown Wayzata. Incredible opportunity to build your dream home. Open to all builders. Adjacent property available to purchase for a total of 6.34 acres with 540 feet of lakeshore. The property is shown by appointment only.

Listing Agent

David Stickney

Coldwell Banker Realty Brokerage Phone: 952-250-0122 Listed on: 05/04/2024

Coldwell Banker Realty

Co-Listing Agent

George Stickney

Coldwell Banker Realty Brokerage Phone: 952-250-0122

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $91,780

Lot Details

  • 240 Feet of Waterfront
  • Lake Front
  • Finished Lot(s)

Property Views

  • Lake Views

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 0811722230015

Property Details

Property Type

Land

Est. Annual Taxes

$91,780

Lot Details

0

Listing Details

  • Type: Land
  • Development Status: Finished Lot(s)
  • Water Body Name: Minnetonka
  • FractionalOwnershipYN: No
  • Rental License?: No
  • BuilderRestrict: Open
  • Improvements: Curbs,Paved Streets,Sidewalks,Storm Sewer
  • Attribution Contact: 952-250-0122
  • Attribution Contact: 952-250-0122
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Inclusions: Easements,Platted,Soil Test Available,Survey,Torrens

Exterior Features

  • View: Lake, Panoramic, West
  • Lake Acres: 14205
  • Lake Bottom: Hard,Sand,Excellent Sand
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 4-10
  • Waterfront Frontage: 240

Utilities

  • Utilities: None Connected, Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Phone Available, Water Available

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Wayzata
  • SchoolDistrictNumber: 284
  • SchoolDistrictPhone: 763-745-5000

Lot Info

  • Topography: Level
  • Waterfront YN: Yes
  • Lot Size: 464x265x486x239L
  • Land Lease: No
  • Lot Features: Additional Land Available
  • Additional Parcels: No
  • Zoning Description: Shoreline,Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 0811722230015
  • Tax Annual Amount: 91780
  • TaxWithAssessments: 91780.0000

Multi Family

  • WaterfrontFeatures: Dock, Lake Front, Lake View

Map

Range of Values:

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Average Value
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List Price
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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
2021 $68,957 $4,827,000 $4,827,000 $0
2020 $68,515 $4,827,000 $4,827,000 $0
2019 $51,212 $4,595,000 $4,043,000 $552,000
2018 $53,290 $3,565,000 $2,995,000 $570,000
2017 $54,837 $3,598,000 $2,995,000 $603,000
2016 $49,029 $3,157,000 $2,602,000 $555,000
2015 $49,546 $3,157,000 $2,602,000 $555,000
2014 -- $3,157,000 $2,602,000 $555,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2024 10/26/24 For Sale $14,900,000 +86.4% $2,041 / Sq Ft
09/27/2024 09/27/24 Price Changed $7,995,000 -3.1% --
05/04/2024 05/04/24 For Sale $8,250,000 -- --
Source: NorthstarMLS

Purchase History

Date Type Sale Price Title Company
Limited Warranty Deed $8,560,160 None Available
Land Contract $6,439,839 None Available
Warranty Deed $4,646,900 Guaranty Title Inc
Quit Claim Deed -- None Available
Trustee Deed $172,117 None Available
Deed $6,439,800 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $400,000 Land Contract Argmt. Of Sale
Open $5,000,000 New Conventional
Source: Public Records

Source: NorthstarMLS

MLS Number: 6529562

NorthstarMLS

APN: 08-117-22-23-0007