$2,275,000
SOLD SEP 29, 2025

875 Lake St N Unit 201 Wayzata, MN 55391

2 Beds
2.5 Baths
2,370 Sq Ft
$1,639/mo HOA Fee

Recently Sold

$960 Per Sq Ft

5% Below List Price

78 Days on Market

Highlights

  • 71,003 Sq Ft lot
  • Stainless Steel Appliances
  • Soaking Tub
  • Gleason Lake Elementary School Rated A
  • Wrap Around Porch
  • Patio

About This Home

As of September 2025

Step into luxury living with this stunning corner unit at Regatta, featuring floor-to-ceiling windows and an expansive wraparound balcony spanning over 550 square feet, perfect for summertime entertaining. The bright, open-concept layout is designed for both elegance and comfort, showcasing premium finishes including rich hardwood floors and high-end appliances. The spacious living and dining areas are ideal for gatherings, while a flexible bonus space offers the perfect spot for a home office or reading nook. Off the kitchen, a private grilling balcony provides convenience for the avid cook or summer host. The generous primary suite is a true retreat, offering dual vanities, a lighted makeup station, a luxurious soaking tub, separate glass-enclosed shower, and a large walk-in closet. A well-appointed second bedroom includes its own 3⁄4 en-suite bath.
Additional features include two heated parking stalls, a private storage locker, and access to Regatta’s exclusive amenities: two stylish club rooms, a fully equipped fitness center, and a serene common courtyard. Located just steps from the best of Wayzata and its renowned dining, boutique shopping, lakefront parks, trails, community concerts, and beautiful Lake Minnetonka. This unit delivers an unbeatable lifestyle!

Last Agent to Sell the Property

Beth Ulrich

Compass Listed on: 06/13/2025

Compass

Co-Listed By

Chelsey Ulrich

Compass

Last Buyer's Agent

Elizabeth Vogt

Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $26,372

Year Built

  • Built in 2014

HOA Fees

  • $1,639 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Heated Garage
  • Garage Door Opener

Home Design

  • Flex

Interior Spaces

  • 2,370 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Basement

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Soaking Tub

Laundry

  • Dryer
  • Washer

Home Security

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Patio
  • Wrap Around Porch

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan

Listing and Financial Details

  • Assessor Parcel Number 0611722410116

Community Details

Overview

  • Association fees include maintenance structure, cable TV, gas, internet, lawn care, ground maintenance, parking, professional mgmt, trash, sewer, shared amenities, snow removal
  • First Service Residential Association, Phone Number (612) 277-2700
  • High-Rise Condominium
  • Cic 1991 Regetta Wayzata Bay Resid Subdivision
  • Car Wash Area

Additional Features

  • Lobby
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$26,372

Year Built

Built in 2014

Lot Details

0

HOA Fees

$1,639 per month

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: High Rise
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: Accessible Elevator Installed
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Association Amenities: Car Wash, Elevator(s), Fire Sprinkler System, Lobby Entrance, Patio
  • Fee Frequency: Monthly
  • Year Built: 2014
  • Above Grade Finished Sq Ft: 2370
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer, Wine Cooler
  • Fireplace Features: Gas, Living Room
  • Living Area: 2370
  • Fireplace: Yes
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Flex Room, Bedroom 1, Bedroom 2
  • Shared Rooms: Amusement/Party Room,Exercise Room

Beds/Baths

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

Exterior Features

  • PatioPorchType: Wrap Around

Garage/Parking

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

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Structure, Cable TV, Gas, Internet, Lawn Care, Maintenance Grounds, Parking, Professional Mgmt, Trash, Sewer, Shared Amenities, Snow Removal
  • Phone: 612-277-2700
  • Association Fee: 1639
  • Association: Yes
  • Amenities Unit: Hardwood Floors,Kitchen Center Island,Primary Bedroom Walk-In Closet,Patio,Tile Floors,Walk-In Closet

Association/Amenities

  • HOA Management Co: First Service Residential

Schools

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

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: Common
  • Lot Size Sq Ft: 71002.8
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 0611722410116
  • Tax Annual Amount: 26372
  • TaxWithAssessments: 26372.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2025
Closed on
Sep 25, 2025
Sold by
Charles E Nadler Revocable Trust and Candice A Nadler Revocable Trust
Bought by
Mary Deenagh Steele Revocable Trust
Seller's Agent
Beth Ulrich
Compass
Buyer's Agent
Elizabeth Vogt
Coldwell Banker Realty
List Price
$2,400,000
Sold Price
$2,275,000
Premium/Discount to List
-$125,000
-5.21%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.44%

Purchase Details

Closed on
Feb 2, 2018
Sold by
Mcquinn Mary Agnes and Mcquinn Alvin E
Bought by
Wexler Steven M and Steven M Wexler Revocable Trust
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

Date Type Sale Price Title Company
Deed $2,275,000 None Listed On Document
Warranty Deed $1,175,000 Edina Realty Title Inc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2025 09/29/25 Sold $2,275,000 -3.2% $960 / Sq Ft
08/30/2025 08/30/25 Pending -- -- --
07/23/2025 07/23/25 Price Changed $2,350,000 -2.1% $992 / Sq Ft
06/13/2025 06/13/25 For Sale $2,400,000 -- $1,013 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

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
2024 $26,372 $2,147,000 $854,900 $1,292,100
2023 $22,120 $1,887,900 $805,200 $1,082,700
2022 $18,026 $1,471,000 $469,000 $1,002,000
2021 $16,767 $1,362,000 $469,000 $893,000
2020 $16,465 $1,300,000 $429,000 $871,000
2019 $17,439 $1,236,000 $385,000 $851,000
2018 $17,882 $1,284,000 $385,000 $899,000
2017 $18,498 $1,284,000 $385,000 $899,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6734067

NorthstarMLS

APN: 06-117-22-41-0116