Seller's Agent in 2025
Beth Ulrich
Compass
(612) 964-7184
83 in this area
290 Total Sales
875 Lake St N Unit 409 Wayzata, MN 55391
Estimated Value: $2,570,000 - $2,635,000
3
Beds
4
Baths
3,025
Sq Ft
$2,086/mo
HOA Fee
Highlights
- 71,003 Sq Ft lot
- Main Floor Primary Bedroom
- Stainless Steel Appliances
- Gleason Lake Elementary School Rated A
- Home Office
- Patio
About This Home
As of July 2025Incredible two story unit with Main floor living and spacious loft! Regatta is located in the heart of charming downtown Wayzata. This top-floor unit boasts 3,025 square feet of refined living space, featuring two spacious bedrooms (loft is third bedroom), four luxurious bathrooms and three deck/balcony spaces. Delight in the plantation shutters, gleaming hardwood floors, and built-in speakers that grace this home throughout. The primary suite features a stylish 3/4 bath and a spacious walk-in closet, along with access to a private balcony. Exiting the primary bedroom, you'll step into the heart of the home—a gracious kitchen and living room that blends design style with functionality. The kitchen is equipped with top-notch appliances and custom cabinets, making it a perfect spot for culinary adventures. Adjacent to this space is the living room with a charming gas burning fireplace that is perfect for entertaining. Nearby, a private office provides a quiet retreat for work or study. The second bedroom is tucked away on the main living space offering private space for guests or personal use. Ascend to the upstairs loft (or 3rd bedroom/studio) is an entertainer’s dream, featuring a mini kitchen and direct access to a charming deck. This residence includes the exceptional convenience of four parking stalls in the heated, underground garage, as well as a spacious storage unit. Walk to the variety of exciting restaurants and shops throughout Wayzata, enjoy the nearby trails, community events, and Lake Minnetonka.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $28,424
Year Built
- Built in 2015
Lot Details
- 1.63
HOA Fees
- $2,086 Monthly HOA Fees
Parking
- 4 Car Garage
- Heated Garage
- Garage Door Opener
Home Design
- Flat Roof Shape
Interior Spaces
- 3,025 Sq Ft Home
- 2-Story Property
- Gas Fireplace
- Living Room with Fireplace
- Dining Room
- Home Office
Kitchen
- Built-In Oven
- Cooktop
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
Additional Features
- Accessible Elevator Installed
- Patio
Listing and Financial Details
- Assessor Parcel Number 0611722410165
Community Details
Overview
- Association fees include maintenance structure, cable TV, gas, internet, ground maintenance, parking, professional mgmt, trash, sewer, shared amenities, snow removal
- First Service Residential Association, Phone Number (952) 277-2700
- High-Rise Condominium
- Cic 1991 Regetta Wayzata Bay Resid Subdivision
- Car Wash Area
Additional Features
- Lobby
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 9, 2025
Closed on
Jul 10, 2025
Sold by
Gloria J Belzer Revocable Trust and Belzer Gloria J
Bought by
Charles E Nadler Revocable Trust and Candice A Nadler Revocable Trust
Seller's Agent
Beth Ulrich
Compass
Buyer's Agent
Beth Ulrich
Compass
List Price
$2,875,000
Sold Price
$2,650,000
Premium/Discount to List
-$225,000
-7.83%
Views
20
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
-$39,407
Avg. Annual Appreciation
-6.31%
Original Mortgage
$1,000,000
Outstanding Balance
$976,982
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$1,633,611
Purchase Details
Closed on
Dec 30, 2020
Sold by
Mcathie Judith and Mcathie Dan
Bought by
Gloria J Belzer Revocable Trust
Purchase Details
Closed on
Aug 24, 2016
Sold by
Johnson Robert L
Bought by
Mcathie Judith
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Charles E Nadler Revocable Trust | $2,650,000 | None Listed On Document | |
| Gloria J Belzer Revocable Trust | $1,825,000 | Edina Realty Title Inc | |
| Mcathie Judith | $2,150,000 | Edina Realty Title Inc | |
| -- | $1,825,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Charles E Nadler Revocable Trust | $1,000,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | Sold | $2,650,000 | -4.5% | $876 / Sq Ft |
| 06/06/2025 06/06/25 | Pending | -- | -- | -- |
| 05/22/2025 05/22/25 | Price Changed | $2,775,000 | -3.5% | $917 / Sq Ft |
| 04/09/2025 04/09/25 | For Sale | $2,875,000 | -- | $950 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $28,424 | $2,466,500 | $621,800 | $1,844,700 |
| 2023 | $29,103 | $2,629,200 | $878,400 | $1,750,800 |
| 2022 | $25,957 | $2,171,000 | $511,000 | $1,660,000 |
| 2021 | $24,475 | $1,915,000 | $511,000 | $1,404,000 |
| 2020 | $15,373 | $1,849,000 | $468,000 | $1,381,000 |
| 2019 | $26,427 | $1,161,000 | $385,000 | $776,000 |
| 2018 | $27,099 | $1,891,000 | $473,000 | $1,418,000 |
| 2017 | $28,031 | $1,891,000 | $473,000 | $1,418,000 |
Source: Public Records
Agents Affiliated with this Home
-
Beth Ulrich
-
Chelsey Ulrich
C
Seller Co-Listing Agent in 2025
Chelsey Ulrich
Compass
(612) 327-1193
16 in this area
79 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6700064
APN: 06-117-22-41-0165
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.
Based on information submitted to the MLS GRID. 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.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Nearby Homes
- 875 Lake St N Unit 216
- 1066 E Circle Dr
- 1038 Lake St E
- 724 Widsten Cir
- 204 Central Ave S
- 141 Benton Ave
- 1150 La Salle St
- 150 Broadway Ave S Unit 2B
- 150 Broadway Ave S
- 150 Broadway Ave S Unit 2A
- 150 Broadway Ave S Unit 3D
- 1202 La Salle St
- 220 Glenbrook Rd N
- 214 Byrondale Ave
- 540 Rice St E
- 641 Park St E
- 239 Byrondale Ave
- 638 Gardner St
- 105 Walker Ave N
- 1032 Gardner St E
- 875 Lake St N Unit 320
- 875 Lake St N Unit 212
- 875 Lake St N Unit 413
- 875 Lake St N Unit 306
- 875 Lake St N Unit 412
- 875 Lake St N Unit 205
- 875 Lake St N Unit 209
- 875 Lake St N Unit 408
- 875 Lake St N Unit 218
- 875 Lake St N Unit 318
- 875 Lake St N Unit 310
- 875 Lake St N Unit 211
- 875 Lake St N Unit 208
- 875 Lake St N Unit 303
- 875 Lake St N Unit 202
- 875 Lake St N Unit 317
- 875 Lake St N Unit 401
- 875 Lake St N Unit 304
- 875 Lake St N Unit 417
- 875 Lake St N Unit 409