2645 Arcola Lane, Wayzata, MN 55391

$2,500,000

490 Old Long Lake Road - Spacecrafting - 0084.jpg

490 Old Long Lake Road - Spacecrafting - 0086.jpg

490 Old Long Lake Road - Spacecrafting - 0087.jpg

490 Old Long Lake Road - Spacecrafting - 0088.jpg

490 Old Long Lake Road - Spacecrafting - 0089.jpg

Property Type: Residential Bedrooms: 5 Baths: 7 Lot Size (sq. ft.): 24,394 Status: Closed

Current Price: $2,500,000 List Date: 5/29/2025 Last Modified: 10/02/2025

Overview

Description

An incredible opportunity to own 122 feet of prime, south-facing shoreline on sought-after Lafayette Bay ready to accommodate the dock system you desire. Custom-built by Steiner & Koppelman, this timeless residence blends enduring craftsmanship with thoughtful updates and panoramic lake views stretching all the way to Excelsior. The light-filled main level features an open-concept kitchen and family room designed to maximize sweeping lake views, alongside formal and casual living areas, a private office, and convenient main-floor laundry. Upstairs, three generous en-suite bedrooms include a serene primary suite with dual walk-in closets, a sitting area with fireplace, and a spa-like vaulted bath. The walkout lower level is built for entertaining with two additional bedrooms, a spacious amusement room, fitness area, sauna, and easy lakeside access. Enjoy outdoor living on the expansive deck — perfect for sunset dinners and gatherings. Recent improvements include a newer roof, updat ... (Read more)

Listing Details MLS# 6728237

General Property Information

Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 4
Road Btwn WF & Home?: Yes
Waterfront Frontage: 122
Waterfront YN: Yes
Year Built: 1986
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: 3
Bath Three Quarters: 2
Bath Half: 2
Total Finished Sqft: 6207.00
FireplaceYN: Yes
Lake/Waterfront Name: Minnetonka
Style: (SF) Single Family
Foundation Size: 2357
Garage Stalls: 3
Lot Dimensions: 122Lx207x117x215
Acres: 0.56

Property Features

Accessible: None Air Conditioning: Central Air Appliances: Air-To-Air Exchanger; Chandelier; Cooktop; Dishwasher; Disposal; Double Oven; Dryer; Electronic Air Filter; Freezer; Microwave; Refrigerator; Washer; Water Filtration System Assumable Loan: Not Assumable Basement: Concrete Block Bath Description: Main Floor 1/2 Bath; Upper Level Full Bath; Full Primary; Private Primary; 3/4 Basement; Two Basement Baths; Bathroom Ensuite; Separate Tub & Shower; Walk-In Shower Stall Construction Materials: Block; Brick; Concrete; Frame Construction Status: Previously Owned Dining Room Description: Breakfast Bar; Eat In Kitchen; Informal Dining Room; Separate/Formal Dining Room Exterior: Brick/Stone Family Room Characteristics: Entertainment/Media Center; Family Room; Great Room; Main Level Financing Terms: Other Fireplace Characteristics: Amusement Room; Family Room; Gas Burning; Living Room; Wood Burning Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Laundry: Main Level Lot Description: Tree Coverage - Light Parking Characteristics: Heated Garage Pool Description: None Road Frontage: City Street; Private Road Road Responsibility: Private Maintained Road; Public Maintained Road Roof: Age 8 Years or Less; Pitched; Shake Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Special Search: 3 BR on One Level; Main Floor Laundry; Primary Bdr Suite Stories: Two Water: City Water/Connected Waterfront View: Lake; South

Contract Information

Off Market Date: 2025-08-29
Contingency: None
Closed Date: 2025-10-01
Original List Price: 2995000
Sales Close Price: 2500000
ListPrice: 2695000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 2645
Street Name: Arcola
Street Suffix: Lane
Postal City: Wayzata
County: Hennepin
State: MN
Zip Code: 55391
Complex/Dev/Subdivision: Minnetonka Beach On Lake Mtka

Assessments

Tax With Assessments: 34415

Building Information

Finished SqFt Above Ground: 4296
Finished SqFt Below Ground: 1911

More Information

Lake Details

Lake Acres: 14205
Lake Depth: 113

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 857

Public Survey Info

Range#: 23
Section#: 16
Township#: 117

Room Information

Room Name	Dimensions	Level
Fifth (5th) Bedroom	12X12	Lower
Office	15X13	Main
Third (3rd) Bedroom	14X13	Upper
Fourth (4th) Bedroom	19X15	Lower
First (1st) Bedroom	19X15	Upper
Second (2nd) Bedroom	16X15	Upper
Dining Room	17X13	Main
Informal Dining Room	15X13	Main
Family Room	22X20	Main
Kitchen	20X17	Main
Living Room	24X15	Main
Amusement Room	36X20	Lower

Documents

House Capital Improvements.pdf ›

Listing Office: Coldwell Banker Realty

Last Updated: October - 02 - 2025

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.

2645 Arcola Lane, Wayzata, MN 55391 (MLS# 6728237)