1038 Lake Street E, Wayzata, MN 55391

$3,700,000

Stunning custom built home with views of Wayzata Bay

Floor to ceiling windows to enjoy Wayzata Bay

Large center island for meals or entertaing

Surrounded by windows, cozy up with coffee or a cocktail

Additional oven, prep sink and microwave

Full Primary with separate tub & shower, dual sinks and large WIC

Heated floors and custom closet organization

Walk in steam shower with heated bench and flooring

BR 2 can be converted to a workspace with lakeviews

Upper level laundry. Plenty of cabinetry and counter space

Bright lower level, entertainment at every corner

Exercise room can be used as a 5th bedroom

Abundant windows on the south side of the home

Views of Wayzata Bay throughout the home

5 minute walk from downtown Wayzata for all the amenities

Property Type: Residential Bedrooms: 5 Baths: 6 Square Footage: 5,862 Lot Size (sq. ft.): 14,810 Status: Closed

Current Price: $3,700,000 List Date: 6/21/2025 Last Modified: 1/27/2026

Overview

Description

Downtown Wayzata luxury with lake views, walkability, and flawless design. Crafted by the acclaimed Black Dog Homes and designed by Alexander Design Group in collaboration with Vivid Home, this stunning new construction captures the essence of elevated living—where form meets function and every detail is intentional. Enjoy views of Wayzata Bay in an unbeatable location just steps from the lake, shops, and restaurants. The open-concept main level flows effortlessly between the gourmet kitchen, scullery, dining area, and a sophisticated living room centered around a custom fireplace. A sun-filled four-season room opens to an elegantly landscaped patio—perfect for entertaining or relaxing in privacy. Upstairs, four bedrooms each feature en suite baths and walk-in closets. The primary suite is a true retreat, offering serene lake views, a spa-inspired bath, and a custom-designed walk-in closet. A dedicated laundry room on this level adds daily convenience. The lower level delivers exc ... (Read more)

Listing Details MLS# 6742016

General Property Information

Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: Yes
Road Btwn WF & Home?: Yes
Waterfront YN: No
Year Built: 2024
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: 2
Bath Three Quarters: 3
Bath Half: Yes
Main Floor Total SqFt: 2087
Above Grd Total SqFt: 3804
Below Grd Total SqFt: 2058
Total SqFt: 5862
Total Finished Sqft: 5402.00
FireplaceYN: Yes
Lake/Waterfront Name: Minnetonka
Style: (SF) Single Family
Foundation Size: 2087
Garage Stalls: 3
Lot Dimensions: 100x146x100x147
Acres: 0.34

Property Features

Accessible: Accessible Elevator Installed Air Conditioning: Central Air Amenities Unit: Ceiling Fan(s); Exercise Room; Hardwood Floors; In-Ground Sprinkler; Kitchen Center Island; Kitchen Window; Patio; Porch; Primary Bedroom Walk-In Closet; Sun Room; Tile Floors; Walk-In Closet; Wet Bar Appliances: Chandelier; Dishwasher; Disposal; Double Oven; Dryer; Freezer; Microwave; Range; Refrigerator; Washer Basement: Full Construction Status: Completed New Construction Dining Room Description: Informal Dining Room; Kitchen/Dining Room; Living/Dining Room Exterior: Brick/Stone; Cement Board Family Room Characteristics: Lower Level Fencing: Partial; Split Rail Financing Terms: Cash Fireplace Characteristics: Gas Burning; Living Room Foundation: Other Fuel: Natural Gas Heating: Forced Air; In-Floor Heating Laundry: Laundry Room; Upper Level Lot Description: Tree Coverage - Light Parking Characteristics: Garage Door Opener; Heated Garage; Insulated Garage Roof: Architectural Shingle Sewer: City Sewer/Connected Special Search: 2nd Floor Laundry; 3 BR on One Level; 4 BR on One Level; Primary Bdr Suite Stories: Two Water: City Water/Connected

Contract Information

Off Market Date: 2025-11-17
Contingency: None
Closed Date: 2025-11-17
Original List Price: 3999500
Sales Close Price: 3700000
ListPrice: 3999500
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1038
Street Name: Lake
Street Suffix: Street
Street Direction Suffix: E
Postal City: Wayzata
County: Hennepin
State: MN
Zip Code: 55391

Assessments

Tax With Assessments: 18461

Builder Information

Builder ID: BLACK DOG HOMES CO
Builder License Number: 594831
Builder Name: BLACK DOG HOMES CO

More Information

Building Information

Finished SqFt Above Ground: 3804
Finished SqFt Below Ground: 1598

Lake Details

Lake Acres: 14205
Lake Depth: 113

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 920

Room Information

Room Name	Dimensions	Level
Pantry (Walk-In)	10 x 8	Main
Mud Room	17 x 13	Main
Primary Bath	13 x 12	Upper
Recreation Room	23 x 16	Lower
Exercise Room	14 x 11	Lower
Fourth (4th) Bedroom	13 x 11	Upper
Third (3rd) Bedroom	13 x 11	Upper
Second (2nd) Bedroom	12 x 11	Upper
First (1st) Bedroom	14 x 14	Upper
Family Room	19 x 18	Lower
Kitchen	22 x 15	Main
Dining Room	18 x 10	Main
Living Room	18 x 17	Main

Listing Office: Engel & Volkers Lake Minnetonka

Last Updated: January - 27 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

1038 Lake Street E, Wayzata, MN 55391 (MLS# 6742016)