875 Lake Street N, 401, Wayzata, MN 55391

$2,975,000

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Beautiful open kitchen with spacious center island, stainless steel appliances, and tons of natural light.

Oversized windows with west facing views

Stainless steel appliances and an abundance of storage throughout

Additional prep space for a coffee station or additional counter space

Large center island with room for barstool seating

Open floor plan that flows between rooms

Informal dining space off the kitchen with access to one of the balconies

Balcony off the kitchen with west facing views

Enjoy the walls of windows allowing in tons of natural light

Gather and entertain in this spacious living room, featuring a striking gas fireplace, detailed coffered ceiling, expansive windows, and ample seating.

Sophisticated yet comfortable, this inviting living room combines beautiful architectural details

Plenty of spaces for seating and entertaining

Beautiful floor to ceiling stone wall with access to the office

Step into the luxurious primary bedroom with access to the second balcony facing west

Second balcony off of the primary bedroom with access from the second bedroom as well

Main floor primary bathroom with walk-in closet and separate tub and walk-in shower

Primary bedroom walk-in closet with organizational components

Second bedroom with access to the balcony

Second bedroom with en-suite 3/4 bathroom with a walk-in shower

Main floor laundry room with sink and lots of storage space

Inviting entryway with access to the upper level

Upper level family room that could be a 3rd bedroom

Beautiful gas fireplace and room for seating in this upper level

Mini kitchen in the upper level with refrigerator, sink, and lots of storage

Wall of windows and sliding door with access to the oversized third balcony

Take in the west facing views in this large walk-out balcony

Easily entertain, peak at Lake Minnetonka, and enjoy the privacy

North and West views from this corner of the balcony

Second floor club room with full kitchen and access to the courtyard

Fifth floor club room with kitchen and rooftop balcony

Nearby the award winning shops, dining, and Lake Minnetonka

Property Type: Residential Bedrooms: 3 Baths: 4 Square Footage: 2,871 Lot Size (sq. ft.): 71,003 Status: Active

Current Price: $2,975,000 List Date: 9/04/2026 Last Modified: 9/04/2026

Overview

Description

Welcome to this impressive two-story condo at Regatta Unit 401, one of the few two-story residences in the building. Ideally located in a highly sought-after community near the award-winning shops and dining of downtown Wayzata and the shores of Lake Minnetonka. This exceptional corner unit offers spacious living, beautiful natural light, and outstanding indoor and outdoor entertaining spaces. Step inside and be greeted by an inviting open floor plan. The chef's kitchen features stainless steel appliances, a large center island with barstool seating, and abundant cabinet and counter space. Just beyond, the dining area opens to the first of several west-facing balconies, creating a seamless connection to the outdoors. The spacious living room is filled with natural light and features elegant coffered ceilings, a gas fireplace, and plenty of room for comfortable seating and entertaining. The luxurious primary suite offers private access to a second west-facing balcony and a spa-like ensu ... (Read more)

Listing Details MLS# 7138371

General Property Information

Assoc Mgmt Co. Phone #: 952-277-2700
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: 2
Waterfront YN: No
Year Built: 2015
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: Yes
Bath Three Quarters: Yes
Bath Half: 2
Main Floor Total SqFt: 2314
Above Grd Total SqFt: 2871
Total SqFt: 2871
Total Finished Sqft: 2836.00
FireplaceYN: Yes
Style: (CC) High Rise (4+ Levels)
Foundation Size: 2314
Association Fee: 2047
Garage Stalls: 3
Lot Dimensions: Common
Acres: 1.63
Assessment Pending: No

Property Features

Accessible: Accessible Elevator Installed Air Conditioning: Central Air Amenities Shared: Elevator(s); Lobby; Other Amenities Unit: Balcony; French Doors; Hardwood Floors; Indoor Sprinklers; Kitchen Center Island; Kitchen Window; Main Floor Primary Bedroom; Panoramic View; Primary Bedroom Walk-In Closet; Tile Floors; Walk-In Closet; Wet Bar; Other Appliances: Cooktop; Dishwasher; Double Oven; Dryer; Microwave; Range; Refrigerator; Washer Association Fee Includes: Cable TV; Gas; Internet; Lawn Care; Outside Maintenance; Parking Space; Professional Mgmt; Sanitation; Shared Amenities; Snow Removal; Water Basement: None Bath Description: Double Sink; Main Floor 1/2 Bath; Main Floor 3/4 Bath; Main Floor Full Bath; Upper Level 1/2 Bath; Full Primary; Private Primary; Bathroom Ensuite; Separate Tub & Shower; Walk Thru; Walk-In Shower Stall Construction Status: Previously Owned Dining Room Description: Eat In Kitchen; Informal Dining Room; Kitchen/Dining Room; Living/Dining Room Exterior: Brick/Stone Family Room Characteristics: 2 or More; 2 Story/High/Vaulted Ceilings; Family Room; Main Level Fireplace Characteristics: Family Room; Gas Burning; Living Room Foundation: Poured Concrete Fuel: Natural Gas Heating: Forced Air Laundry: Laundry Room; Main Level; Sink Parking Characteristics: Assigned; Heated Garage; Secured; Storage Road Frontage: City Street; Curbs; Paved Streets; Sidewalks Road Responsibility: Public Maintained Road Roof: Age Over 8 Years Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Shared Rooms: Community Room; Exercise Room Special Search: All Living Facilities on One Level; Main Floor Bedroom; Main Floor Laundry; Main Floor Primary; Primary Bdr Suite Stories: Two Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 2975000
ListPrice: 2975000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 875
Street Name: Lake
Street Suffix: Street
Street Direction Suffix: N
Unit Number: 401
Postal City: Wayzata
County: Hennepin
State: MN
Zip Code: 55391
Complex/Dev/Subdivision: Cic 1991 Regetta Wayzata Bay Resid

Assessments

Tax With Assessments: 34971

Building Information

Finished SqFt Above Ground: 2836

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Stall ID#: 62, 63, 64

Public Survey Info

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

Room Information

Room Name	Dimensions	Level
Bar/Wet Bar Room		Upper
Deck	47x18	Upper
Deck	13x6	Main
Deck	13x6	Main
Dining Room	12x16	Main
First (1st) Bedroom	12x17	Main
Kitchen	12x27	Main
Laundry	10x8	Main
Living Room	14x28	Main
Second (2nd) Bedroom	13x10	Main
Office	13x11	Main
Third (3rd) Bedroom	17x14	Upper

Documents

Regatta #401 - Floor Plan ›

Listing Office: Compass

Last Updated: September - 04 - 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, 401, Wayzata, MN 55391 (MLS# 7138371)