940 Brown Rd S Wayzata, MN 55391
Estimated payment $8,844/month
About This Lot
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.
Property Details
Property Type
- Land
Est. Annual Taxes
- $12,716
Lot Details
- Lot Dimensions are 410x1334x640x862
Community Details
- No Home Owners Association
Map
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 |
|---|---|---|---|---|
| 2024 | $12,716 | $1,155,700 | $727,500 | $428,200 |
| 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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/08/2026 01/08/26 | For Sale | $1,499,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $860,000 | Stewart Title Of Minnesota | |
| Warranty Deed | $860,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $417,000 | New Conventional |
Source: NorthstarMLS
MLS Number: 7006524
APN: 10-117-23-12-0004
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