540 Indian Mound Street, 4B, Wayzata, MN 55391 (MLS# 6377570)

540 Indian Mound Street, 4B, Wayzata, MN 55391

$3,600,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,700 Lot Size (sq. ft.): 2,178 Status: Closed
Current Price: $3,600,000 List Date: 5/31/2023 Last Modified: 8/08/2025

Overview

Description

Come see this once in a lifetime opportunity to own a premier condo in downtown Wayzata. Enjoy spectacular panoramic views of Wayzata Bay on Lake Minnetonka. This sun-filled south facing property offers an open layout with picturesque views of the lake and access to the patio from almost every room! This beautiful top floor unit was completely renovated with a designer and includes all high-end finishes. The gourmet kitchen offers an extra-large island with bar seating for kitchen gatherings, stone counters, high-end appliances, Sub-Zero fridge, Wolf range, and custom lighting. Updates include hardwood floors, heated tile in bathroom floors, gas fireplaces, formal living & dining areas, and a family room off of the kitchen. Enjoy the lake view from 72 feet of patio with views from every angle that sits above the only residential green space on Lake Street. This condo is located in a prime location within Wayzata with walkability to local restaurants, shops & the beach!

Listing Details MLS# 6377570

General Property Information

Assoc Mgmt Co. Phone #
651-233-1307
Association Fee Frequency
Monthly
Association Mgmt Co. Name
RowCal
Common Wall
Yes
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
2
Waterfront YN
No
Year Built
1979
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Three Quarters
2
Bath Half
Yes
Main Floor Total SqFt
2700
Above Grd Total SqFt
2700
Total SqFt
2700
Total Finished Sqft
2700.00
FireplaceYN
Yes
Lake/Waterfront Name
Minnetonka
Style
(CC) High Rise (4+ Levels)
Foundation Size
2700
Power Company
Xcel Energy
Association Fee
1916
Garage Stalls
2
Acres
0.05

Property Features

Accessible: Accessible Elevator Installed Air Conditioning: Central Air Amenities Shared: In-Ground Sprinkler System; Lobby; Security Building Amenities Unit: Balcony; Cable; Deck; Ethernet Wired; Exercise Room; Hardwood Floors; In-Ground Sprinkler; Intercom System; Kitchen Center Island; Kitchen Window; Main Floor Primary Bedroom; Natural Woodwork; Panoramic View; Porch; Primary Bedroom Walk-In Closet; Tile Floors; Walk-In Closet; Washer/Dryer Hookup Appliances: Cooktop; Dishwasher; Disposal; Double Oven; Dryer; Microwave; Refrigerator; Washer; Water Osmosis System Association Fee Includes: Building Exterior; Gas; Hazard Insurance; Lawn Care; Outside Maintenance; Parking Space; Professional Mgmt; Sanitation; Shared Amenities; Snow Removal Basement: None Bath Description: Double Sink; Main Floor 1/2 Bath; Main Floor 3/4 Bath; 3/4 Primary; Private Primary; Two Primary Baths Construction Materials: Brick Construction Status: Previously Owned Dining Room Description: Breakfast Area; Eat In Kitchen; Kitchen/Dining Room; Living/Dining Room; Separate/Formal Dining Room Electric: Circuit Breakers Exterior: Brick/Stone Family Room Characteristics: Main Level Fencing: Partial Financing Terms: Cash Fireplace Characteristics: Family Room; Gas Burning; Living Room Fuel: Natural Gas Heating: Baseboard; Hot Water; In-Floor Heating Internet Options: Cable Laundry: Gas Dryer Hookup; In Unit; Laundry Closet; Washer Hookup Lock Box Type: Combo Lot Description: Tree Coverage - Light Parking Characteristics: Assigned; Floor Drain; Garage Door Opener; Heated Garage; Secured Pool Description: None Road Frontage: City Street; Paved Streets; Sidewalks Roof: Flat; Rubber Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Special Search: 3 BR on One Level; All Living Facilities on One Level; Main Floor Laundry Stories: One Water: City Water/Connected Waterfront View: Lake; South

Contract Information

Off Market Date
2023-06-03
Contingency
None
Closed Date
2023-07-17
Original List Price
3500000
Sales Close Price
3600000
ListPrice
3500000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
540
Street Name
Indian Mound
Street Suffix
Street
Unit Number
4B
Postal City
Wayzata
County
Hennepin
State
MN
Zip Code
55391
Complex/Dev/Subdivision
Condo 0110 Wayzata Place Condo

Assessments

Tax With Assessments
23141

Building Information

Finished SqFt Above Ground
2700

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 Stall ID#
31 & 37

Public Survey Info

Range#
22
Section#
06
Township#
117

Room Information

Room NameDimensionsLevel
Deck72x8Main
Third (3rd) Bedroom10x15Main
Second (2nd) Bedroom13x11Main
First (1st) Bedroom19x14Main
Kitchen17x14Main
Family Room13x16Main
Dining Room16x13Main
Living Room17x13Main
IDX
Listing Office: RE/MAX Advantage Plus
Last Updated: August - 08 - 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.
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