About This Home

This 4-bedroom, 6-bathroom single family at 1397 Orono Lane in Wayzata, MN is listed for $5,665,000 ($1,314 per sqft). Built in 1938, the home offers 4,312 sqft of living space on a 0.59 acres lot.

Key Features

  • Built in 1938
  • 0.59 acre lot
  • Fireplace
  • Waterfront

Property Details

2 full
1938

Amenities

FireplaceWaterfrontA/C
Listing Description

Welcome to 1397 Orono Lane, a stunning south-facing Lake Minnetonka retreat on Browns Bay, ideally located just minutes from downtown Wayzata. Extensively remodeled in 2026 by John Kraemer & Sons Inc, this thoughtfully reimagined home offers an exceptional floor plan along with beautiful lake views throughout.

The redesigned main level centers around the reimagined chef's kitchen featuring a spacious center island, stainless steel appliances, a stylish walk-in pantry, and separate refrigerator and freezer. The reimagined primary suite offers the ultimate in comfort with a private laundry area, spa-like en-suite bathroom with separate soaking tub and shower, and an incredible walk-in closet with custom organizational components.

Step directly from the primary bedroom onto the outdoor patio and enjoy the serene lake setting. A newly added main-level guest bedroom features a charming window seat, walk-in closet, private 3/4 bathroom, and access to the pocket office. The main level also includes a welcoming living room with gas fireplace, a screened porch with Phantom Screens, and expansive lake views from nearly every room.

Upstairs, discover two additional bedrooms and a bonus room that could be used for storage, a playroom, or hobby space. The lower level adds even more functionality with a second laundry area complete with drying racks, a sauna/infrared light sauna, and another spacious bonus room perfectly suited for a home gym, hobby room, or additional flex space.

Outside, enjoy beautifully manicured landscaping, a large paver patio, screened-in porch, and 116 feet of pristine Lake Minnetonka shoreline. The heated three-stall garage features epoxy flooring and a dedicated hangout area with TV, creating an ideal space for lake days, entertaining, and relaxing year-round. An exceptional opportunity to enjoy a beautifully updated home, stunning lake views, and the best of Lake Minnetonka living just minutes from Wayzata.

Monthly Cost Estimate

$30,298/mo

20% down · 6.5% · 30 years

Principal$4,097
Interest$24,548
Insurance$1,652

Estimates only. Actual payments may vary.

Location

1397 Orono Lane

Wayzata, MN 55391

Homes On Browns Bay

Features & Amenities

Interior Features

All Living Facilities on One LevelMain Floor PrimaryMain Floor BedroomMain Floor LaundryPrimary Bdr Suite

Property Details

Outdoor Features

PatioPorch

Parking

OpenGarageGarage - AttachedOther

Heating

Fireplace(s)Forced AirOil

Cooling

Central Air

Appliances

DishwasherDisposalDryerFreezerMicrowaveRangeRefrigeratorStainless Steel AppliancesWasherWine Cooler

Questions & Answers

This 4-bedroom, 6-bathroom single family at 1397 Orono Lane is listed at $5,665,000 ($1,314/sqft). The estimated monthly payment is $30,297 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1938, 0.59 acre lot, Fireplace, Waterfront. Interior Features: All Living Facilities on One Level, Main Floor Primary, Main Floor Bedroom.

This property is listed by Elizabeth C Ulrich and can be reached at (952) 213-1631.

EU

Elizabeth C Ulrich

Agent at Compass Minnesota, LLC

(952) 213-1631
Agent website

Listed by Compass Minnesota, LLC · Broker phone: (952) 213-1631 · View on Broker Site · Broker website

MLS# 7101751· Source: Northstar MLS· 14 days on PropertySimple

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1397 Orono Lane, Wayzata, MN 55391

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