$1,595,000
540 Indian Mound Street, 1A
Wayzata, MN 55391
MLS# 7047326
2 beds  |  2 baths  |  1800 sqft


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Property Description
Discover this breathtaking south-facing two-bedroom condo at the prestigious Wayzata Place, perfectly positioned with sweeping views of Wayzata Bay and Lake Minnetonka. Enter inside to an inviting open-concept layout that seamlessly connects the kitchen, casual dining area, and living room. A cozy gas fireplace serves as the centerpiece of the living space, creating the perfect setting for relaxing evenings. Outside, unwind on your private ground-floor screened patio, where you can enjoy stunning views of the lake and breathtaking sunsets over Lake Minnetonka. Building amenities enhance the lifestyle, offering an underground heated garage, secure bike racks, and a recently renovated fitness center. A beautifully remodeled guest suite is also available for visiting guests. Best of all, this exceptional condo puts you in the heart of downtown Wayzata. You’re right by the city’s finest restaurants, boutique shops, and vibrant waterfront. Don’t miss this rare opportunity to own a one-of-a-kind home in one of the most desirable locations on Lake Minnetonka. Schedule your private showing today!

Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Contingency: None
Current Price: $1,595,000
Original List Price: 1795000
ListPrice: 1595000
List Date: 2026-04-06
Office/Member Info
Association: MAAR
General Property Information
Assoc Mgmt Co. Phone #: 952-210-3383
Association Fee Frequency: Monthly
Association Mgmt Co. Name: Elliman Management
Common Wall: Yes
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 1
Waterfront Present: No
Year Built: 1979
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Lot Dimensions: Common
Acres: 0
Bath Three Quarters: 0
Bath Half: 0
Lake/Waterfront Name: Minnetonka
Bath Quarter: 0
Main Floor Total SqFt: 1800
Above Grd Total SqFt: 1800
Below Grd Total SqFt: 0
Total Finished Sqft: 1800.00
FireplaceYN: Yes
Foundation Size: 1800
Style: (CC) High Rise (4+ Levels)
Garage Stalls: 1
Association Fee: 1453
Assessment Pending: No
Bedrooms: 2
Baths Total: 2
Bath Full: 2
Total SqFt: 1800
Location, Tax and Other Information
AssocFeeYN: Yes
Legal Description: CONDO NO 0110 WAYZATA PLACE CONDO APT NO 16
Listing City: Wayzata
Map Page: 104
Municipality: Wayzata
School District: Wayzata
School District Phone: 763-745-5000
DNR Lake ID#: 27013300
DNR Lake Classification: General Development
County Abbreviation: 1A
Property ID Number: 0611722310069
Tax Year: 2025
Tax Amount: 15542.48
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Discover this breathtaking south-facing two-bedroom condo at the prestigious Wayzata Place, perfectly positioned with sweeping views of Wayzata Bay and Lake Minnetonka. Enter inside to an inviting open-concept layout that seamlessly connects the kitchen, casual dining area, and living room. A cozy gas fireplace serves as the centerpiece of the living space, creating the perfect setting for relaxing evenings. Outside, unwind on your private ground-floor screened patio, where you can enjoy stunning views of the lake and breathtaking sunsets over Lake Minnetonka. Building amenities enhance the lifestyle, offering an underground heated garage, secure bike racks, and a recently renovated fitness center. A beautifully remodeled guest suite is also available for visiting guests. Best of all, this exceptional condo puts you in the heart of downtown Wayzata. You’re right by the city’s finest restaurants, boutique shops, and vibrant waterfront. Don’t miss this rare opportunity to own a one-of-a-kind home in one of the most desirable locations on Lake Minnetonka. Schedule your private showing today!
Directions: Lake Street to North on Minnetonka Ave S, Right on Indian Mound to building.
Accessible
None: 1
Air Conditioning
Central Air: 1
Amenities Unit
Ceiling Fan(s): 1
Hardwood Floors: 1
Main Floor Primary Bedroom: 1
Paneled Doors: 1
Panoramic View: 1
Patio: 1
Porch: 1
Tile Floors: 1
Walk-In Closet: 1
Washer/Dryer Hookup: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Freezer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 15542.48
Association Fee Includes
Building Exterior: 1
Hazard Insurance: 1
Lawn Care: 1
Outside Maintenance: 1
Parking Space: 1
Professional Mgmt: 1
Sanitation: 1
Sewer: 1
Shared Amenities: 1
Snow Removal: 1
Water: 1
Basement
None: 1
Bath Description
Full Primary: 1
Walk-In Shower Stall: 1
Building Information
Finished SqFt Above Ground: 1800
Construction Status
Previously Owned: 1
Dining Room Description
Informal Dining Room: 1
Exterior
Brick/Stone: 1
Family Room Characteristics
Main Level: 1
Fireplace Characteristics
Gas Burning: 1
Living Room: 1
Fuel
Natural Gas: 1
Heating
Hot Water: 1
Insurance Fee
Insurance Fee: 0
Lake Details
Lake Acres: 14205
Lake Depth: 113
Lake/Waterfront
Lake View: 1
Laundry
In Unit: 1
Main Level: 1
Washer Hookup: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
None: 1
Miscellaneous Information
Homestead: Yes
Ownership
Fractional Ownership: No
Parking Characteristics
Heated Garage: 1
Patio, Porch and Deck Features
Patio: 1
Porch: 1
Pool Description
None: 1
Public Survey Info
Range#: 22
Section#: 06
Township#: 117
Restriction/Covenants
Pets - Cats Allowed: 1
Pets - Dogs Allowed: 1
Rentals not Permitted: 1
Road Frontage
City Street: 1
Curbs: 1
Paved Streets: 1
Sidewalks: 1
Road Responsibility
Private Maintained Road: 1
Roof
Other: 1
Sellers Terms
Cash: 1
Conventional: 1
FHA: 1
Sewer
City Sewer/Connected: 1
Shared Rooms
Exercise Room: 1
Guest Suite: 1
Special Search
Main Floor Bedroom: 1
Main Floor Laundry: 1
Main Floor Primary: 1
Stories
One: 1
Water
City Water/Connected: 1
Waterfront View
Lake: 1
Location Tax and Other Information
House Number: 540
Street Name: Indian Mound
Street Suffix: Street
Unit Number: 1A
Postal City: Wayzata
County: Hennepin
State: MN
Zip Code: 55391
Property Features
Accessible: None
Air Conditioning: Central Air
Amenities Unit: Ceiling Fan(s); Hardwood Floors; Main Floor Primary Bedroom; Paneled Doors; Panoramic View; Patio; Porch; Tile Floors; Walk-In Closet; Washer/Dryer Hookup
Appliances: Dishwasher; Disposal; Dryer; Freezer; Microwave; Range; Refrigerator; Washer
Association Fee Includes: Building Exterior; Hazard Insurance; Lawn Care; Outside Maintenance; Parking Space; Professional Mgmt; Sanitation; Shared Amenities; Snow Removal; Water
Basement: None
Bath Description: Full Primary; Walk-In Shower Stall
Construction Status: Previously Owned
Dining Room Description: Informal Dining Room
Exterior: Brick/Stone
Family Room Characteristics: Main Level
Fireplace Characteristics: Gas Burning; Living Room
Fuel: Natural Gas
Heating: Hot Water
Laundry: In Unit; Main Level; Washer Hookup
Lock Box Type: None
Parking Characteristics: Heated Garage
Pool Description: None
Road Frontage: City Street; Curbs; Paved Streets; Sidewalks
Road Responsibility: Private Maintained Road
Roof: Other
Sellers Terms: Cash; Conventional; FHA
Sewer: City Sewer/Connected
Shared Rooms: Exercise Room; Guest Suite
Special Search: Main Floor Bedroom; Main Floor Laundry; Main Floor Primary
Stories: One
Water: City Water/Connected
Waterfront View: Lake
Room Information
Room Name Dimensions Level
Dining Room09x09Main
First (1st) Bedroom17x12Main
Kitchen12x09Main
Laundry14x05Main
Living Room23x19Main
Office14x11Main
Screened Porch19x08Main
Second (2nd) Bedroom13x10Main

IDX
Listing Office: Lakes Sotheby's International

Last Updated: April - 29 - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.


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