A premier Lake Minnetonka estate in the coveted village of Minnetonka Beach, this exceptional residence offers 61 feet of pristine shoreline on sought-after Smith Bay and a rare opportunity to enjoy one of the lake’s most distinguished communities. Set on 0.73 acres with an east-facing lakeside setting, the property enjoys abundant natural light, beautiful water views, and a sandy-bottom shoreline on Lake Minnetonka’s Lower Lake. Originally custom built in 2012 and extensively renovated by Mikan in 2026 with more than $800,000 invested in recent improvements, the home has been completely reimagined with an exceptional level of craftsmanship and has never been lived in since its transformation.
Offering approximately 5,001 finished square feet across three levels, the home combines sophisticated design with comfortable, functional lake living. Wide-plank white oak flooring flows throughout the main living spaces, complemented by Visual Comfort lighting, designer finishes, custom cabinetry, and thoughtfully selected materials. The open-concept main level is designed to take full advantage of the lake setting, with expansive windows framing Smith Bay and creating a seamless connection between the interior and outdoor living spaces.
At the heart of the home is a beautifully appointed chef’s kitchen featuring a full Wolf appliance suite, Sub-Zero refrigeration, an expansive center island, V-groove ceiling detail, custom cabinetry, and exquisite stonework. The kitchen opens directly to the dining and great room, creating an ideal setting for everyday living and entertaining. The light-filled great room is anchored by a dramatic floor-to-ceiling Taj Mahal quartz fireplace and surrounded by glass that showcases the lake beyond. The adjacent dining area comfortably accommodates a large gathering while maintaining incredible views of the water.
A spacious private study provides a refined work-from-home retreat, while a custom mudroom just off the heated three-car garage features floor-to-ceiling cabinetry for exceptional organization. Main-level laundry is conveniently located nearby, with a second laundry room upstairs providing added everyday convenience.
The upper level is highlighted by a private primary suite with sweeping views of Smith Bay and sliding glass doors opening to a lakeside balcony. The spa-inspired primary bath features marble finishes, a furniture-style vanity, rain shower, premium Kallista plumbing fixtures, and a custom dressing room. An additional upper-level bedroom also enjoys beautiful lake views and direct balcony access. The oversized custom bunk room provides an inviting space for family and guests and comfortably sleeps six. Each bedroom features a walk-in closet, and the home offers exceptional storage throughout.
Nearly 1,025 square feet of newly finished lower-level living space creates a true recreation and wellness destination. Designed for year-round enjoyment, this level features a spacious media lounge with a big-screen theater wall, dedicated golf simulator bay, beautifully finished fitness studio, sauna, dedicated space for a cold plunge, and a full bath with walk-in shower. The thoughtful layout provides an ideal environment for entertaining, exercise, relaxation, and wellness without ever leaving home.
Outdoor living is equally impressive. The east-facing lakeside setting features an expansive stone patio, outdoor kitchen, beautifully landscaped grounds, and a Soake dipping pool that doubles as a hot tub for year-round enjoyment. A heated screened porch overlooking the water features ceiling-mounted infrared heaters, extending the outdoor season well into the cooler months. Mature trees and professional landscaping provide a picturesque backdrop while preserving the open lake views.
Just steps from the home, 61 feet of prime Smith Bay shoreline and a private dock provide direct access to everything Lake Minnetonka has to offer. The sandy-bottom shoreline, Class A water on lower lake!
Active
$5,699,000
2412 Lafayette Rd, Wayzata, MN 55391
5beds
5,001sqft
Single Family
Built in 2012
0.73 Acres Lot
$5,357,300 Zestimate®
$1,140/sqft
$-- HOA
What's special
East-facing lakeside settingDesigner finishesExpansive center islandVisual comfort lightingExceptional level of craftsmanshipFurniture-style vanityExquisite stonework
- 4 days
- 864
- 41
Zillow last checked:
Listing updated:
Listed by:
Mark P. Abdel 651-283-8251,
RE/MAX Advantage Plus,
Cote Lund 612-877-2505
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7162491
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 1
- 3/4 bathrooms: 3
- 1/2 bathrooms: 1
Bedroom
- Level: Upper
- Area: 256 Square Feet
- Dimensions: 16x16
Bedroom 2
- Level: Upper
- Area: 156 Square Feet
- Dimensions: 13x12
Bedroom 3
- Level: Upper
- Area: 182 Square Feet
- Dimensions: 14x13
Bedroom 4
- Level: Upper
- Area: 168 Square Feet
- Dimensions: 14x12
Bedroom 5
- Level: Upper
- Area: 221 Square Feet
- Dimensions: 17x13
Bathroom
- Level: Lower
- Area: 96 Square Feet
- Dimensions: 12x8
Dining room
- Level: Main
- Area: 96 Square Feet
- Dimensions: 12x8
Family room
- Level: Main
- Area: 240 Square Feet
- Dimensions: 16x15
Kitchen
- Level: Main
- Area: 224 Square Feet
- Dimensions: 16x14
Media room
- Level: Lower
Office
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Recreation room
- Level: Lower
- Area: 851 Square Feet
- Dimensions: 37x23
Sauna
- Level: Lower
- Area: 96 Square Feet
- Dimensions: 12x8
Screened porch
- Level: Main
- Area: 165 Square Feet
- Dimensions: 15x11
Heating
- Forced Air, In-Floor Heating
Cooling
- Central Air
Appliances
- Included: Air-To-Air Exchanger, Chandelier, Dishwasher, Disposal, Double Oven, Dryer, Humidifier, Water Filtration System, Water Osmosis System, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer, Water Softener Owned
Features
- Basement: Drain Tiled,Egress Window(s),Finished,Full,Other,Storage Space,Sump Pump,Tile Shower
- Number of fireplaces: 1
- Fireplace features: Family Room, Stone
Interior area
- Total structure area: 6,084
- Total interior livable area: 5,001 sqft
- Finished area above ground: 3,976
- Finished area below ground: 1,025
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Attached, Floor Drain, Heated Garage
- Attached garage spaces: 3
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Patio, Rear Porch
- Has private pool: Yes
- Pool features: In Ground, Heated, Outdoor Pool
- Has view: Yes
- View description: Lake, Panoramic
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake Front, Lake View
- Frontage length: Water Frontage: 61
Lot
- Size: 0.73 Acres
Details
- Foundation area: 2112
- Parcel number: 1511723310066
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 2012
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Wayzata
Financial & listing details
- Price per square foot: $1,140/sqft
- Tax assessed value: $4,173,600
- Annual tax amount: $46,419
- Date on market: 10/27/2026
- Cumulative days on market: 38 days
Estimated market value
$5,357,300
$5.09M - $5.63M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/27/2026 | Listed for sale | $5,699,000-3.4%$1,140/sqft |
Source: | ||
| 10/20/2026 | Listing removed | $5,900,000$1,180/sqft |
Source: | ||
| 9/16/2026 | Listed for sale | $5,900,000+29.7%$1,180/sqft |
Source: | ||
| 4/14/2026 | Sold | $4,550,000+1.1%$910/sqft |
Source: | ||
| 2/13/2026 | Pending sale | $4,500,000$900/sqft |
Source: | ||
| 2/9/2026 | Listed for sale | $4,500,000+14.4%$900/sqft |
Source: | ||
| 4/30/2024 | Sold | $3,935,000-3.9%$787/sqft |
Source: | ||
| 3/26/2024 | Pending sale | $4,095,000$819/sqft |
Source: | ||
| 12/6/2023 | Listed for sale | $4,095,000-2.4%$819/sqft |
Source: | ||
| 12/6/2023 | Listing removed | -- |
Source: | ||
| 10/29/2023 | Listed for sale | $4,195,000+424.4%$839/sqft |
Source: | ||
| 11/8/2011 | Sold | $800,000$160/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $46,419 +20% | $4,173,600 +12% |
| 2025 | $38,681 +21.5% | $3,727,100 +16.9% |
| 2024 | $31,833 +16.8% | $3,187,500 +16.4% |
| 2023 | $27,256 +9.2% | $2,739,200 +17.8% |
| 2022 | $24,956 -0.7% | $2,325,000 +22.3% |
| 2021 | $25,139 +0.9% | $1,901,000 -1.1% |
| 2020 | $24,910 -0.9% | $1,922,000 +6.6% |
| 2019 | $25,139 +0.9% | $1,803,000 +3.2% |
| 2018 | $24,910 +1.5% | $1,747,000 +18.8% |
| 2017 | $24,532 +15.3% | $1,470,000 +7.5% |
| 2016 | $21,271 +7.5% | $1,368,000 +3.2% |
| 2015 | $19,793 +3.7% | $1,326,000 +21.2% |
| 2014 | $19,082 +79.8% | $1,094,000 +40.1% |
| 2013 | $10,611 -7% | $781,000 -11.8% |
| 2012 | $11,406 +5.4% | $885,000 -0.4% |
| 2011 | $10,818 +1.9% | $889,000 -5.2% |
| 2010 | $10,612 +1.2% | $938,000 -1.1% |
| 2009 | $10,487 +66.1% | $948,100 +58.8% |
| 2006 | $6,315 +10.8% | $597,000 +16.1% |
| 2005 | $5,697 +6.7% | $514,000 +15% |
| 2004 | $5,340 +12.6% | $447,000 +13.1% |
| 2002 | $4,743 -39.7% | $395,100 |
| 2001 | $7,863 | -- |
Find assessor info on the county website
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