Introducing 3305 Fairchild Avenue in beautiful Wayzata, Minnesota. Set on 3.33 private acres with 145 feet of shoreline on Libbs Lake, offering navigable access to Lake Minnetonka, this exceptional estate combines privacy, luxury, and waterfront lifestyle. The two-story residence features four bedrooms, four bathrooms, and 3,355 finished square feet designed for comfortable everyday living and effortless entertaining. The charming front porch welcomes you inside, where an inviting foyer leads to the inviting family room anchored by a fireplace and hardwood floors. The gourmet eat-in kitchen is beautifully appointed with a center island, quartz countertops, custom enameled and stained cabinetry, and a Wolf gas range. Adjacent to the kitchen, the dining room is surrounded by walls of windows that frame picturesque views of the wraparound deck and expansive backyard. A private office, mudroom, and powder room complete the main level. Upstairs, the luxurious primary suite offers a private office with sliding doors, oversized walk-in closet with laundry, and spa-inspired bathroom featuring a soaking tub and walk-in shower. Three additional bedrooms and two bathrooms provide ample space for family and guests. The lower level expands the home's living space with a spacious family room and game area. Outdoor living is equally impressive, with a wraparound deck overlooking lush landscaping and peaceful natural surroundings. Across the street, enjoy the lakeside lot with 145 feet of Libbs Lake shoreline and a 2024 built accessory dwelling unit (ADU). Perfect as a lakeside guest house, private studio, or home office, the ADU includes a full kitchen, living room, bedroom, three-quarter bathroom, laundry, lakeside patio, and spectacular sunset views. The property also includes a private dock with two boat slips. From Libbs Lake, enjoy convenient boating access through Grays Bay to Wayzata Bay and the open waters of Lake Minnetonka. Whether kayaking and fishing during the summer months or snowshoeing and skating throughout the winter, Libbs Lake offers a peaceful, year-round recreational lifestyle. Just minutes from Downtown Wayzata's boutique shopping, lakeside dining, and Lake Minnetonka amenities. Easy access to highways and Downtown Minneapolis. Located within the award-winning Minnetonka School District, this remarkable property presents a rare opportunity to experience the very best of luxury lake living.
Pending
$2,295,000
3305 Fairchild Ave, Wayzata, MN 55391
5beds
3,914sqft
Single Family
Built in 1966
3.33 Acres Lot
$-- Zestimate®
$586/sqft
$-- HOA
What's special
- 29 days
- 2,070
- 130
Zillow last checked:
Listing updated:
Listed by:
Sarah E Polovitz 612-743-6801,
Compass,
Al Anderson 651-802-0271
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7114685
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 2
- 3/4 bathrooms: 2
- 1/2 bathrooms: 1
Bedroom
- Level: Upper
- Area: 305.5 Square Feet
- Dimensions: 23.5x13
Bedroom 2
- Level: Upper
- Area: 150 Square Feet
- Dimensions: 12.5x12
Bedroom 3
- Level: Upper
- Area: 132 Square Feet
- Dimensions: 12x11
Bedroom 4
- Level: Upper
- Area: 120 Square Feet
- Dimensions: 12x10
Bedroom 5
- Area: 80.75 Square Feet
- Dimensions: 9.5x8.5
Primary bathroom
- Level: Upper
- Area: 132 Square Feet
- Dimensions: 12x11
Deck
- Area: 480 Square Feet
- Dimensions: 30x16
Deck
- Area: 240 Square Feet
- Dimensions: 20x12
Dining room
- Level: Main
- Area: 125 Square Feet
- Dimensions: 12.5x10
Family room
- Level: Lower
- Area: 276 Square Feet
- Dimensions: 24x11.5
Foyer
- Level: Main
- Area: 168 Square Feet
- Dimensions: 14x12
Game room
- Level: Lower
- Area: 184 Square Feet
- Dimensions: 16x11.5
Kitchen
- Level: Main
- Area: 156 Square Feet
- Dimensions: 13x12
Kitchen
- Area: 144 Square Feet
- Dimensions: 16x9
Living room
- Level: Main
- Area: 325 Square Feet
- Dimensions: 25x13
Living room
- Area: 120 Square Feet
- Dimensions: 12x10
Mud room
- Level: Main
- Area: 48 Square Feet
- Dimensions: 8x6
Office
- Level: Main
- Area: 102 Square Feet
- Dimensions: 12x8.5
Office
- Level: Upper
- Area: 126 Square Feet
- Dimensions: 12x10.5
Patio
- Area: 108 Square Feet
- Dimensions: 12x9
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Exhaust Fan, Humidifier, Water Filtration System, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer, Water Softener Owned
- Laundry: Upper Level
Features
- Basement: Block,Egress Window(s),Finished,Full,Storage Space
- Number of fireplaces: 1
- Fireplace features: Gas, Living Room
Interior area
- Total structure area: 4,096
- Total interior livable area: 3,914 sqft
- Finished area above ground: 3,276
- Finished area below ground: 638
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Attached, Asphalt, Garage Door Opener
- Attached garage spaces: 3
- Has uncovered spaces: Yes
- Details: Garage Dimensions (38x21)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Composite Decking, Covered, Deck, Front Porch, Patio, Rear Porch, Wrap Around
- Has view: Yes
- View description: Lake, Panoramic, West
- Has water view: Yes
- Water view: Lake
- Waterfront features: Dock, Lake Front
- Frontage length: Water Frontage: 145
Lot
- Size: 3.33 Acres
- Features: Accessible Shoreline, Irregular Lot, Tree Coverage - Medium
Details
- Additional structures: Guest House, Studio, Storage Shed
- Foundation area: 1255
- Parcel number: 1711722140033
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Roof: Age 8 Years or Less,Asphalt
Condition
- New construction: No
- Year built: 1966
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Tonkaha Shores
HOA
- Has HOA: No
Location
- Region: Wayzata
Financial & listing details
- Price per square foot: $586/sqft
- Tax assessed value: $1,847,400
- Annual tax amount: $28,524
- Date on market: 8/7/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2026 | Pending sale | $2,295,000+153.5%$586/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7114685 Report a problem | ||
| 3/28/2014 | Sold | $905,500+0.7%$231/sqft |
Source: NorthstarMLS as distributed by MLS GRID #4449577 Report a problem | ||
| 2/22/2014 | Listed for sale | $899,000$230/sqft |
Source: Coldwell Banker Burnet - Wayzata #4449577 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $23,062 +9.9% | $1,847,400 +19.1% |
| 2024 | $20,994 +22.1% | $1,551,600 +3.7% |
| 2023 | $17,188 +47.9% | $1,496,200 +37.5% |
| 2022 | $11,623 +2.3% | $1,088,300 +37.6% |
| 2021 | $11,358 -1.1% | $790,700 +1.8% |
| 2020 | $11,482 +1.1% | $776,800 +2.9% |
| 2019 | $11,358 -1.1% | $754,900 +2.2% |
| 2018 | $11,482 +7.7% | $738,600 +12.6% |
| 2017 | $10,664 +6.4% | $655,900 +1.2% |
| 2016 | $10,021 +0.9% | $647,900 +17.5% |
| 2015 | $9,932 +19.8% | $551,400 +7.8% |
| 2014 | $8,291 +13.2% | $511,300 +4% |
| 2013 | $7,324 +7.5% | $491,400 +2.5% |
| 2012 | $6,812 +2.9% | $479,500 -1.8% |
| 2011 | $6,619 +4.4% | $488,100 -4.5% |
| 2010 | $6,342 -0.4% | $511,200 -4.2% |
| 2009 | $6,368 +6.3% | $533,400 +7.9% |
| 2006 | $5,993 +2.9% | $494,500 +8% |
| 2005 | $5,824 -2.9% | $457,900 +2.7% |
| 2004 | $5,996 +2.2% | $445,700 +9.3% |
| 2002 | $5,864 -40.3% | $407,800 |
| 2001 | $9,817 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 55391
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