875 Lake Street N, 318, Wayzata, MN 55391

$2,350,000

875 Lake Street North - Spacecrafting - 0016.jpg

Located just 15 minutes from Downtown Minneapolis and with close proximity to Lake Minnetonka's yacht clubs and marinas.

Stepping out the building door is a green space that may be used for dog walking and which hosts a farmers market during the summer months.

The building foyer has cozy seating area, fireplace and is adjacent to the postal and package center.

With all the amenities and more than you would expect, unit 318 is a wonderful home for year round or seasonal residents.

Spacious entry foyer with walnut floors, ample closet and updated lighting.

The large kitchen has walnut center island, granite countertops, white subway tile backsplash and Jenn-Aire appliances.

There is a 5 burner electric cooktop, combination oven/microwave and reverse osmosis water system.

There is abundant cabinetry and a planning desk.

The kitchen is open to the great room with its walls of windows and exterior door to the smaller balcony with grill.

The center island has counter height seating for 4-5.

The family room has gas fireplace and a mantel with an outlet and wiring for hookup of a TV.

Dining area is large enough to accommodate a table with expansion capability.

The living room has door onto large balcony.

The owner's suite has it's own set of doors to the large balcony and has plenty of room for a king size bed and seating area.

The ensuite has dual vanities and separate shower.

In addition to closet space in the main bedroom there are two walk-in closets.

Second walk-in closet in the owner's suite.

The second bedroom is off the family room.

8 seat theater room comes complete with seating.

Theater also comes with 100" projection television.

The smaller balcony has a built-in gas grill and room for a small table and pair of chairs.

This unit has two balcony decks. The larger one has ample room for sofa and outdoor dining table and chairs and has doorway leading to both the primary bedroom suite and to the living room.

The Mezzanine on Floor 1 offers a small meeting space overlooking the building entryway and where the property manager has scheduled office hours.

The second floor party room is truly a special space for entertaining friends and family with a full kitchen with everything you need to prepare or serve a wonderful meal.

Your guests will enjoy relaxing around the two sided fireplace.

Unit 318 has two balcony decks overlooking the courtyard with two balconies with three access doors to the outside.

From the 2nd floor party room, you can access the courtyard with it' comfortable seating, outdoor dining space, enjoy the comfort of the fireplace and the beautiful manicured gardens.

The 2nd floor courtyard also has shaded sunny spaces with fire area, perfect for sunning or enjoying a good book.

If you are hosting. smaller gathering, the 5th floor rooftop club room might be a fit. It also has a full kitchen and gathering space

The Club room also includes a more intimate outdoor space - the perfect spot to catch Wayzata's 4th of July fireworks display.

The fifth floor has roof-top views to Lake Minnetonka

Back on the third floor is a well equipped workout room,

Pets are welcome at the Regatta and even have their own pet grooming room.

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,730 Lot Size (sq. ft.): 71,003 Status: Closed

Current Price: $2,350,000 List Date: 1/05/2026 Last Modified: 8/27/2026

Overview

Description

Enjoy luxury living at its finest with one of the most spacious and amenity filled Wayzata condominiums. The great room design with fireplace, huge primary suite, 2nd bedroom suite and home office (could be an 3rd bedroom), are just the beginning. This unit boasts an 8 seat theater room and two balconies, 4 underground assigned parking spaces and two storage lockers. Conveniently located just 15 minutes from downtown Minneapolis but nestled in bucolic Wayzata within walking distance to shops and restaurants and conveniently to Wayzata's yacht clubs and marinas. This is a one of a kind property for a special owner.

Listing Details MLS# 6747029

General Property Information

Assoc Mgmt Co. Phone #: 612-277-2700
Association Fee Frequency: Monthly
Association Mgmt Co. Name: First Service Residential
Common Wall: Yes
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: Yes
Waterfront YN: No
Year Built: 2014
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: Yes
Bath Three Quarters: Yes
Bath Half: Yes
Main Floor Total SqFt: 2730
Above Grd Total SqFt: 2730
Total SqFt: 2730
Total Finished Sqft: 2730.00
FireplaceYN: Yes
Style: (CC) High Rise (4+ Levels)
Foundation Size: 2730
Power Company: Xcel Energy
Association Fee: 1837.06
Garage Stalls: 4
Lot Dimensions: common
Acres: 1.63
Assessment Pending: No

Property Features

Accessible: Accessible Elevator Installed; Door Lever Handles; Grab Bars In Bathroom; Lowered Switches/Controls; No Stairs External; Partially Wheelchair Air Conditioning: Central Air Amenities Shared: Car Wash; Elevator(s); Fire Sprinkler System; Lobby; Patio; Security Building Amenities Unit: Balcony; Cable; Ceiling Fan(s); French Doors; Hardwood Floors; Indoor Sprinklers; Kitchen Center Island; Main Floor Primary Bedroom; Primary Bedroom Walk-In Closet; Tile Floors; Walk-In Closet; Washer/Dryer Hookup Appliances: Chandelier; Cooktop; Dishwasher; Disposal; Double Oven; Dryer; Energy Star Appliances; Microwave; Refrigerator; Washer; Water Filtration System Association Fee Includes: Building Exterior; Cable TV; Controlled Access; Gas; Internet; Lawn Care; Outside Maintenance; Professional Mgmt; Sanitation; Shared Amenities; Snow Removal; Water Basement: None Bath Description: Double Sink; His and Her Closets; Main Floor 1/2 Bath; Main Floor 3/4 Bath; Main Floor Full Bath; 3/4 Primary; Private Primary; Bathroom Ensuite Construction Status: Previously Owned Dining Room Description: Breakfast Bar; Informal Dining Room; Kitchen/Dining Room Electric: Circuit Breakers Existing Financing: Free and Clear Exterior: Brick/Stone Family Room Characteristics: 2 or More; Entertainment/Media Center; Great Room; Main Level Financing Terms: Cash Fireplace Characteristics: Insert; Family Room; Gas Burning Fuel: Natural Gas Heating: Forced Air Internet Options: Satellite Laundry: Gas Dryer Hookup; In Unit; Laundry Closet; Main Level; Washer Hookup Lock Box Type: Supra Lot Description: Underground Utilities Parking Characteristics: Floor Drain; Garage Door Opener; Heated Garage Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Shared Rooms: Amusement/Party Room; Exercise Room; Other Special Search: All Living Facilities on One Level; Divided Bdr Flr Plan; Main Floor Bedroom; Main Floor Laundry; Primary Bdr Suite Stories: One Water: City Water/Connected

Contract Information

Off Market Date: 2026-04-21
Contingency: None
Closed Date: 2026-05-15
Original List Price: 2500000
Sales Close Price: 2350000
ListPrice: 2400000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 875
Street Name: Lake
Street Suffix: Street
Street Direction Suffix: N
Unit Number: 318
Postal City: Wayzata
County: Hennepin
State: MN
Zip Code: 55391
Complex/Dev/Subdivision: CIC 1991 Regetta Wayzata Bay Resid

Assessments

Tax With Assessments: 23361

Building Information

Finished SqFt Above Ground: 2730

More Information

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: MAAR

Miscellaneous Information

Homestead: Yes

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 22
Section#: 06
Township#: 117

Room Information

Room Name	Dimensions	Level
Deck	17x6	Main
Deck	35x10	Main
Foyer	15x10	Main
Primary Bath	17x11	Main
Living Room	19x15	Main
Great Room	28x22	Main
First (1st) Bedroom	22x18	Main
Second (2nd) Bedroom	15x12	Main
Media Room	16x15	Main
Office	13x13	Main
Storage Room	7x5	Basement
Storage Room	7x5	Basement

Listing Office: Dwell Realty Partners, LLC

Last Updated: August - 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.

875 Lake Street N, 318, Wayzata, MN 55391 (MLS# 6747029)