355 Margaret Circle, Wayzata, MN 55391 (MLS# 7137188)

355 Margaret Circle, Wayzata, MN 55391

$2,995,000
Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 5,217 Lot Size (sq. ft.): 35,284 Status: Active
Current Price: $2,995,000 List Date: 9/01/2026 Last Modified: 9/05/2026

Overview

Description

A rare opportunity awaits to build your dream home on a stunning .81-acre parcel, beautifully wooded on both sides with serene, private views overlooking a natural wetland. Nestled within the highly sought-after Margaret Circle neighborhood, you’ll enjoy a tranquil setting while remaining highly walkable to downtown Wayzata. This is truly one of the best lots available in Wayzata! This new construction project is build-exclusive to Gonyea Custom Homes. This custom residence is crafted for luxurious modern living, featuring an exceptional multi-level layout: The main level features a Primary Suite with an expansive bathroom/closet area, Office, Great Room, Gourmet Kitchen, Dining Room, Laundry, and ½ bath. Includes a Screen porch and Grilling Deck. The second level is designed with three generous Bedrooms, one with a ¾ ensuite bath, and a Jack & Jill bathroom adjoining the other two bedrooms. The lower level walk-out is dedicated to recreation, featuring a large Family Room, Game ...

Listing Details MLS# 7137188

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
2
Waterfront YN
No
Year Built
2026
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
3
Bath Three Quarters
Yes
Bath Half
Yes
Main Floor Total SqFt
2095
Above Grd Total SqFt
3617
Below Grd Total SqFt
1600
Total SqFt
5217
Total Finished Sqft
5217.00
FireplaceYN
Yes
Style
(SF) Single Family
Foundation Size
1600
Garage Stalls
3
Lot Dimensions
169' x 199' x 239' x 188'
Acres
0.81
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: Central Air; Zoned Assumable Loan: Not Assumable Construction Status: To Be Built/Floor Plan Existing Financing: Other Exterior: Engineered Wood; Shakes; Other Foundation: See Remarks Fuel: Natural Gas Heating: Forced Air Sellers Terms: Adj. Rate/Gr Payment; Cash; Conventional Sewer: City Sewer/Connected Stories: More Than 2 Stories Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
2995000
ListPrice
2995000
Owner is an Agent?
Yes
Lot Price
1050000
Auction?
No

Location Tax and Other Information

House Number
355
Street Name
Margaret
Street Suffix
Circle
Postal City
Wayzata
County
Hennepin
State
MN
Zip Code
55391
Complex/Dev/Subdivision
Fazendins Add To Wayzata

Assessments

Tax With Assessments
6745

Builder Information

Builder ID
GONYEA HOMES AND REMODELING
Builder License Number
672669
Builder Name
GONYEA HOMES AND REMODELING

More Information

Building Information

Finished SqFt Above Ground
3617
Finished SqFt Below Ground
1600

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
625

Public Survey Info

Range#
22
Section#
31
Township#
118
IDX
Listing Office: Engel & Volkers Lake Minnetonka
Last Updated: September - 05 - 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.
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