940 Brown Rd S Wayzata, MN 55391
Estimated payment $10,844/month
Total Views
11,494
5
Beds
4
Baths
4,600
Sq Ft
$391
Price per Sq Ft
Highlights
- Home fronts a pond
- 468,706 Sq Ft lot
- No HOA
- Schumann Elementary School Rated A-
- Fireplace in Primary Bedroom
- Home Office
About This Home
The wetland delineation is completed as of July 2025 and provides the start for the Land to be split into two properties with additional survey work and city approvals. Presently on the land is a house and a barn with living quarters. If this was to be a 2 lot split the house would be on one side and the barn would be on the second side. Please reach out to the listing agent to discuss this dynamic situation and the early stages of development.
The entire piece can still be purchased as one parcel with the knowledge that you could split it later.
Nestled just minutes west of Wayzata, this sprawling 10-acre homestead offers a secluded escape with convenient access to I-394 and I-494, making it your private sanctuary just moments from the city. Embrace the unparalleled outdoor lifestyle this property offers with stunning, long views of the Lake Minnetonka wetlands leading to Tanager Bay, and direct access to the nearby Dakota Trails for hiking and biking adventures. Whether you're hosting lively gatherings or enjoying peaceful solitude, this property delivers. The natural beauty of the property comes alive with the spring chorus of frogs, followed by the arrival of ducks, geese, and fireflies dancing in the twilight. Imagine cozy evenings by a crackling bonfire, feeling like you're nestled in the Northwoods, a welcome contrast to city living. The private pond becomes a winter wonderland for pond hockey enthusiasts. Beyond the natural beauty, this property features a truly special historic barn with an open loft bursting with character and a quaint guest area offering comfort with two inset beds, a kitchenette, and bath. Preliminary work is currently underway with the city to explore the potential of splitting the property into two parcels, offering an exciting opportunity for future development or investment. Don't miss this exceptional property – visit today to experience its unique charm and potential.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,716
Year Built
- Built in 1959
Lot Details
- 10.76 Acre Lot
- Home fronts a pond
Parking
- 2 Car Attached Garage
Interior Spaces
- 2-Story Property
- Family Room with Fireplace
- 2 Fireplaces
- Living Room
- Home Office
Kitchen
- Built-In Oven
- Cooktop
- Dishwasher
- The kitchen features windows
Bedrooms and Bathrooms
- 5 Bedrooms
- Fireplace in Primary Bedroom
- 4 Full Bathrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Outdoor Features
- Porch
Utilities
- Forced Air Heating and Cooling System
- Well
- Septic System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 1011723120004
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2023 | $11,931 | $1,128,100 | $693,800 | $434,300 |
| 2022 | $10,140 | $1,016,000 | $619,000 | $397,000 |
| 2021 | $9,807 | $865,000 | $544,000 | $321,000 |
| 2020 | $10,066 | $841,000 | $521,000 | $320,000 |
| 2019 | $9,816 | $827,000 | $506,000 | $321,000 |
| 2018 | $9,953 | $797,000 | $488,000 | $309,000 |
| 2017 | $9,765 | $771,000 | $473,000 | $298,000 |
| 2016 | $9,260 | $736,000 | $458,000 | $278,000 |
| 2015 | $9,076 | $724,000 | $458,000 | $266,000 |
| 2014 | -- | $724,000 | $458,000 | $266,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/19/2025 06/19/25 | For Sale | $1,799,000 | -- | $391 / Sq Ft |
Source: NorthstarMLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $860,000 | Stewart Title Of Minnesota | |
| Warranty Deed | $860,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $136,000 | Unknown | |
| Open | $417,000 | New Conventional | |
| Previous Owner | $688,000 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Similar Homes in Wayzata, MN
Source: NorthstarMLS
MLS Number: 6742653
APN: 10-117-23-12-0004
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