About This Home

This 3-bedroom, 4-bathroom condo at 875 Lake Street N #401 in Wayzata, MN is listed for $2,975,000 ($1,049 per sqft). Built in 2015, the home offers 2,836 sqft of living space on a 1.63 acres lot.

Key Features

  • Built in 2015
  • 1.63 acre lot
  • Fireplace

Property Details

1 full, 2 half
3-car garage
#401
2015

Amenities

FireplaceA/C
Listing 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 ensuite bathroom complete with dual sinks, a separate soaking tub, a walk-in shower, and an impressive walk-in closet. A second bedroom on the main level also provides balcony access and has a three-quarter bathroom.

The upper level offers exceptional flexibility and could serve as a third bedroom, family room, or additional entertaining space. Complete with a second gas fireplace and another bathroom, this level opens to an extraordinary 47'x18' private balcony with sweeping west and north facing views.

The main level also includes a dedicated office that could serve as an additional bedroom, along with a spacious laundry room featuring a sink and abundant storage. Residents of Regatta enjoy access to exceptional amenities, including an exercise room and two club rooms, all while being just moments from the vibrant shops, acclaimed dining, scenic trails, and waterfront lifestyle of downtown Wayzata and Lake Minnetonka.

Monthly Cost Estimate

$17,958/mo

20% down · 6.5% · 30 years

Principal$2,152
Interest$12,892
Insurance$868
HOA$2,047

Estimates only. Actual payments may vary.

Location

875 Lake Street N #401

Wayzata, MN 55391

Cic 1991 Regetta Wayzata Bay Resid

Features & Amenities

Interior Features

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

Property Details

Outdoor Features

Deck

Parking

AssignedSecuredGarage - AttachedGarage

Heating

Fireplace(s)Forced Air

Cooling

Central Air

Appliances

CooktopDishwasherDouble OvenDryerExhaust Fan/HoodMicrowaveRangeRefrigeratorStainless Steel AppliancesWall OvenWasher

Questions & Answers

This 3-bedroom, 4-bathroom condo at 875 Lake Street N is listed at $2,975,000 ($1,049/sqft). The estimated monthly payment is $17,958 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $2047/month.

Key features include: Built in 2015, 1.63 acre lot, Fireplace. Interior Features: All Living Facilities on One Level, Main Floor Primary, Main Floor Bedroom.

This property is listed by Elizabeth C Ulrich.

EU

Elizabeth C Ulrich

Agent at Compass Minnesota, LLC

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

MLS# 7138371· Source: Northstar MLS· 57 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.

875 Lake Street N #401, Wayzata, MN 55391

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