875 Lake Street N # 401

Wayzata, MN
$ 2,975,000 Beds 3 Baths 3 Sq 2,836 Virtual Tour
Monthly Estimate* How much can I afford?

Welcome to this impressive two-story condo at Regatta Unit 401, one of the few two-story residences in the building. Ideally located in a highly sought-after community near the award-winning shops and dining of downtown Wayzata and the shores of Lake Minnetonka. This exceptional corner unit offers spacious living, beautiful natural light, and outstanding indoor and outdoor entertaining spaces. Step inside and be greeted by an inviting open floor plan. The chef's kitchen features stainless steel appliances, a large center island with barstool seating, and abundant cabinet and counter space. Just beyond, the dining area opens to the first of several west-facing balconies, creating a seamless connection to the outdoors. The spacious living room is filled with natural light and features elegant coffered ceilings, a gas fireplace, and plenty of room for comfortable seating and entertaining. The luxurious primary suite offers private access to a second west-facing balcony and a spa-like ensuite bathroom complete with dual sinks, a separate soaking tub, a walk-in shower, and an impressive walk-in closet. A second bedroom on the main level also provides balcony access and has a three-quarter bathroom. The upper level offers exceptional flexibility and could serve as a third bedroom, family room, or additional entertaining space. Complete with a second gas fireplace and another bathroom, this level opens to an extraordinary 47'x18' private balcony with sweeping west and north facing views. The main level also includes a dedicated office that could serve as an additional bedroom, along with a spacious laundry room featuring a sink and abundant storage. Residents of Regatta enjoy access to exceptional amenities, including an exercise room and two club rooms, all while being just moments from the vibrant shops, acclaimed dining, scenic trails, and waterfront lifestyle of downtown Wayzata and Lake Minnetonka.

Single Family

  • Price
  • $ 2,975,000
  • City
  • Wayzata
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • HENNEPIN
  • Half Bathrooms
  • 2
  • Area
  • Cic 1991 Regetta Wayzata Bay Resid
  • Lot Size
  • 1.63 Acres
  • Zip
  • 55391
  • Sqr Footage
  • 2,836
  • Year Built
  • 2015
  • Taxes
  • $ 34971
  • Style
  • (CC) High Rise (4+ Levels)
  • MLS#
  • 7138371
Listed By: Compass
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 2836
Sewer City Sewer/Connected
Heating Forced Air,Fireplace(s)
Cooling Central Air
Roof Age Over 8 Years
Appliances Cooktop,Dishwasher,Double Oven,Dryer,Exhaust Fan,Microwave,Range,Refrigerator,Stainless Steel Appliances,Wall Oven,Washer
HOA Fee 2047
Garage Spaces 3
Association Fee Includes Cable TV,Gas,Internet,Lawn Care,Maintenance Grounds,Parking,Professional Mgmt,Sanitation,Sewer,Shared Amenities,Snow Removal,Water
Year Built 2015
Levels Two
Unit Number 401
Property Subtype (CC) High Rise (4+ Levels)
Tax Year 2026
Accessibility Accessible Elevator Installed
Assoc Fee Paid Per Monthly
County Hennepin
New Construction No
Property Type Residential
Association Amenities Elevator(s),Lobby Entrance,Other
HOA Yes
Contingency None
Subdivision Name Cic 1991 Regetta Wayzata Bay Resid
Full Baths 1
Directions Wayzata Boulevard,south on Superior,east on Lake Street to Regatta
City Wayzata
Association Name First Service Residential
High School District Wayzata
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N Yes
Land Lease Y/N No
Tax Annual Amount 34971
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Balcony,French Doors,Hardwood Floors,Indoor Sprinklers,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Other,Panoramic View,Tile Floors,Wet Bar,Walk-In
PostalCity Wayzata

Interior Features

Basement None
Total Fireplaces 2
Fireplace Features Family Room,Gas,Living Room
Basement (Y/N) No
Fireplace Y/N Yes
Above Grade Finished Area 2836
Half Baths 2
3/4 Baths 1
Laundry Features Laundry Room,Main Level,Sink
Total Bedrooms 3
Total Baths 4
Bath Desc Double Sink,Bathroom Ensuite,Full Primary,Private Primary,Main Floor 1/2 Bath,Main Floor 3/4 Bath,Main Floor Full Bath,Separate Tub & Shower,Upper Level 1/2 Bath,Walk-In Shower Stall,Walk Thru
Dining Room Description Eat In Kitchen,Informal Dining Room,Kitchen/Dining Room,Living/Dining Room
Fuel Natural Gas

Exterior Features

Parking Features Assigned,Attached Garage,Heated Garage,Parking Garage,Secured,Storage,Underground
Water Source City Water/Connected
Lot Size Area 1.63
Building Area Total 2871
Lot Dimensions Common
Waterfront Y/N No
Foundation Area 2314
Road Frontage Type City Street,Curbs,Paved Streets,Sidewalks
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

9/4/2026 Listed $2,975,000

Property vs Zip Code Average in 55391

Price
AVG $3.9M
$2.98M
Taxes
AVG $28,548
$34,971
Year Built
AVG 1995
2015
Visits
AVG 163
13
Data Provided by Inside Real Estate®

875 Lake Street N # 401 Wayzata, MN is a Single Family Home for sale at $2975000 with 2836 sqft and a lot size of 1.63 Acres Acre(s). 875 Lake Street N # 401 Wayzata has 3 bedrooms, 2 baths and was built in 2015. The property's zip code is 55391 which is in Wayzata, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.