Kenwood on Lake Minnetonka! One of a kind storybook home, originally built in 1929 as a summer home and carefully expanded in the 1980s and then meticulously restored and enhanced by the current owners over the last 10 years. This gem offers a once in a lifetime opportunity on the level west facing shoreline of no wake Grays Bay. Walkable to Wayzata with truly remarkable architecture and character details throughout, this 5 bedroom/ 6 bathroom home is a show stopper. Grand gathering spaces combined with cozy spaces all capturing the amazing lakefront views and sunsets. 2 primary suites - one on the main level and one on the upper level with a lakeside balcony along with 3 additional bedrooms - all ensuite. Lakeside sunroom with phantom screen deck to enjoy summer evenings and views along with a lakeside office in lower level that walks out to gorgeous outdoor patios and lawn to the lake. Another truly unique feature is the lakeside pub - hailing from a historic hotel in Scotland. Surely a place to make some Lake Minnetonka memories! 2 car attached plus a 1 car detached carriage house garage offering upper level storage. The lower level also features a family room, sauna, craft/flex room as well as one of the 5 ensuite bedrooms. 8 fireplaces - gas, woodburning and decorative- adorn rooms throughout the house, many imported from England. Stone floors imported from Germany and several light fixtures from England. A perfect combination of craftsmanship and history alongside amenities desired for today's lifestyle. This is so much more than a house on the lake - for the discerning buyer who appreciates homes that have a story to tell....if walls could talk!
Closed
$5,000,000
16612 Grays Bay Blvd, Wayzata, MN 55391
5beds
6,184sqft
Single Family
Built in 1931
0.51 Acres Lot
$5,058,200 Zestimate®
$809/sqft
$7,946 Estimated rent
Home value
$5,058,200
$4.60M - $5.51M
$7,946/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Lori P Schneck 612-868-4230,
Coldwell Banker Realty,
Elisabeth A Lucas 612-327-5905
Bought with:
Nick Welu
Coldwell Banker Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6640642
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 2
- 3/4 bathrooms: 3
- 1/2 bathrooms: 1
Bedroom
- Level: Main
- Area: 272 Square Feet
- Dimensions: 17 x 16
Bedroom 2
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13 x 11
Bedroom 3
- Level: Upper
- Area: 238 Square Feet
- Dimensions: 17 x 14
Bedroom 4
- Level: Upper
- Area: 162 Square Feet
- Dimensions: 18 x 9
Bedroom 5
- Level: Lower
- Area: 228 Square Feet
- Dimensions: 19 x 12
Other
- Level: Lower
- Area: 315 Square Feet
- Dimensions: 21 x 15
Other
- Level: Main
- Area: 168 Square Feet
- Dimensions: 14 x 12
Dining room
- Level: Main
- Area: 196 Square Feet
- Dimensions: 14 x 14
Kitchen
- Level: Main
- Area: 247 Square Feet
- Dimensions: 19 x 13
Living room
- Level: Main
- Area: 345 Square Feet
- Dimensions: 23 x 15
Screened porch
- Level: Main
- Area: 110 Square Feet
- Dimensions: 11 x 10
Sun room
- Level: Main
- Area: 154 Square Feet
- Dimensions: 14 x 11
Heating
- Forced Air, In-Floor Heating
Cooling
- Central Air
Appliances
- Included: Double Oven, Exhaust Fan, Gas Water Heater, Water Filtration System, Water Osmosis System, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Water Softener Owned
- Laundry: Gas Dryer Hookup, In Hall, Laundry Room, Main Level, Sink
Features
- Basement: Egress Window(s),Finished,Partial,Tile Shower,Walk-Out Access
- Number of fireplaces: 8
- Fireplace features: Decorative, Family Room, Gas, Living Room, Primary Bedroom, Wood Burning
Interior area
- Total structure area: 6,184
- Total interior livable area: 6,184 sqft
- Finished area above ground: 4,167
- Finished area below ground: 1,662
Property
Parking
- Total spaces: 3
- Parking features: Attached, Detached Garage, Electric Vehicle Charging Station(s), Garage, Garage Door Opener, Insulated Garage, Tuckunder Garage
- Attached garage spaces: 3
- Has uncovered spaces: Yes
- Details: Garage Dimensions (25 x 23), Garage Door Height (7), Garage Door Width (16)
Accessibility
- Accessibility features: None
Features
- Levels: One and One Half
- Stories: 1.5
- Patio & porch: Composite Decking, Front Porch, Patio, Rear Porch, Screened, Terrace
- Has view: Yes
- View description: Lake, West
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake Front, Waterfront Elevation(0-4), Lake Bottom(Sand)
- Frontage length: Water Frontage: 120
Lot
- Size: 0.51 Acres
- Dimensions: 116 x 249
- Features: Tree Coverage - Medium
Details
- Additional structures: Garage(s)
- Foundation area: 2168
- Parcel number: 0811722430025
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Concrete
- Roof: Shake,Age Over 8 Years
Condition
- New construction: No
- Year built: 1931
Utilities & green energy
- Electric: 200+ Amp Service, Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected, Well
Community & HOA
Community
- Subdivision: Intpa-Nini Lake Mtka
HOA
- Has HOA: No
Location
- Region: Wayzata
Financial & listing details
- Price per square foot: $809/sqft
- Tax assessed value: $3,669,600
- Annual tax amount: $44,133
- Date on market: 12/30/2024
- Cumulative days on market: 18 days
Price history
| Date | Event | Price |
|---|---|---|
| 3/31/2025 | Sold | $5,000,000-3.8%$809/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6640642 Report a problem | ||
| 1/22/2025 | Pending sale | $5,195,000$840/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6640642 Report a problem | ||
| 1/4/2025 | Listed for sale | $5,195,000+231.9%$840/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6640642 Report a problem | ||
| 7/12/2013 | Sold | $1,565,000$253/sqft |
Source: Agent Provided Report a problem | ||
| 1/13/2013 | Sold | $1,565,000-21.4%$253/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1594189 Report a problem | ||
| 7/10/2011 | Price change | $1,990,000-17%$322/sqft |
Source: Roger Fazendin REALTORS #4066014 Report a problem | ||
| 5/26/2010 | Listed for sale | $2,399,000$388/sqft |
Source: Roger Fazendin REALTORS #4066014 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $48,425 +9.7% | $3,669,600 +15.8% |
| 2024 | $44,133 +19.4% | $3,167,900 +3.6% |
| 2023 | $36,950 +11.8% | $3,057,000 +19.5% |
| 2022 | $33,063 +3% | $2,557,200 +21.8% |
| 2021 | $32,099 -1% | $2,100,300 +2.5% |
| 2020 | $32,414 +1% | $2,049,400 +3.2% |
| 2019 | $32,099 -1% | $1,985,400 +1.4% |
| 2018 | $32,414 +6.7% | $1,957,700 +8% |
| 2017 | $30,385 +0.6% | $1,812,600 +6.8% |
| 2016 | $30,218 +6.6% | $1,697,200 +8.3% |
| 2015 | $28,351 +7.7% | $1,567,000 +0.1% |
| 2014 | $26,318 -14.7% | $1,565,000 -13.1% |
| 2013 | $30,854 +4.8% | $1,801,500 |
| 2012 | $29,434 +4.9% | $1,801,500 |
| 2011 | $28,061 +1.4% | $1,801,500 -7.3% |
| 2010 | $27,678 -5.1% | $1,943,500 -9.3% |
| 2009 | $29,161 +38.9% | $2,142,000 +40.9% |
| 2006 | $20,995 +10.8% | $1,520,400 +15% |
| 2005 | $18,947 +10% | $1,322,100 +15% |
| 2004 | $17,231 +5.9% | $1,149,700 +12% |
| 2002 | $16,274 -37.3% | $1,026,600 |
| 2001 | $25,976 | -- |
Find assessor info on the county website
Neighborhood: 55391
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Nearby schools
GreatSchools rating
- 10/10Groveland Elementary SchoolGrades: K-5Distance: 0.7 mi
- 9/10Minnetonka East Middle SchoolGrades: 6-8Distance: 1.5 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 3 mi
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Estimated market value
$5,058,200
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Estimated market value
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- Minnesota
- Hennepin County
- Minnetonka
- 55391
- 16612 Grays Bay Blvd
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