Active

Price increase: $1.9M (9/1)

$1,050,000

355 Margaret Cir, Wayzata, MN 55391

--beds

--baths

0.81Acres

Unimproved Land

Built in 1959

0.81 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Build your dream home on this desirable .81-acre parcel, beautifully wooded on both sides with serene, private views overlooking a natural wetland. Tucked into the highly sought-after Margaret Circle neighborhood, you’ll enjoy a tranquil setting while being walkable to downtown Wayzata. Seize this opportunity to customize and create your perfect home in one of the most idyllic and established neighborhoods in Wayzata. This is truly one of the best lots available in Wayzata! Existing property is livable and rented through October 2026.

7 days
184
3

Facts & features

Interior

Features

Has basement: No

Property

Parking

Total spaces: 2
Parking features: Garage
Garage spaces: 2

Lot

Size: 0.81 Acres
Dimensions: 169' x 199' x 239' x 188'
Topography: High Ground,Level,Sloped,Walkout,Wooded

Details

Parcel number: 3111822340020
Zoning description: Residential-Single Family

Utilities & green energy

Utilities for property: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Storm Sewer Available, Storm Sewer Connected, Water Available, Water Connected

Community & HOA

Community

Features: No
Subdivision: Fazendins Add To Wayzata

HOA

Has HOA: No

Location

Region: Wayzata

Financial & listing details

Tax assessed value: $642,500
Annual tax amount: $7,344
Date on market: 8/25/2026
Inclusions: Other
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

$7,343/mo

Price history

Date	Event	Price
9/1/2026	Price change	$2,995,000+185.2%
Source: NorthstarMLS as distributed by MLS GRID #7137188 Report a problem
9/1/2026	Price change	$1,050,000-64.9%
Source: NorthstarMLS as distributed by MLS GRID #7132720 Report a problem
8/24/2026	Price change	$2,995,000-5.7%
Source: NorthstarMLS as distributed by MLS GRID #7079700 Report a problem
6/2/2026	Listed for sale	$3,175,000+321.1%
Source: NorthstarMLS as distributed by MLS GRID #7079700 Report a problem
3/10/2026	Listing removed	$5,500
Source: Zillow Rentals Report a problem
2/4/2026	Listed for rent	$5,500
Source: Zillow Rentals Report a problem
4/17/2025	Sold	$754,000+0.5%
Source: NorthstarMLS as distributed by MLS GRID #6655847 Report a problem
3/5/2025	Pending sale	$749,900
Source: NorthstarMLS as distributed by MLS GRID #6655847 Report a problem
2/13/2025	Listed for sale	$749,900-70%
Source: NorthstarMLS as distributed by MLS GRID #6655847 Report a problem
2/3/2025	Listing removed	$2,499,900
Source: NorthstarMLS as distributed by MLS GRID #6610081 Report a problem
10/1/2024	Listed for sale	$2,499,900+254.6%
Source: NorthstarMLS as distributed by MLS GRID #6610081 Report a problem
9/17/2024	Sold	$705,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,745 -2.2%	$642,500 +5%
2024	$6,898 +2.4%	$611,900 -5.3%
2023	$6,735 +14.8%	$646,000 +4.5%
2022	$5,865 +2.5%	$618,000 +24.6%
2021	$5,720 +8.4%	$496,000 +2.5%
2020	$5,275 -7.8%	$484,000 +12.6%
2019	$5,720 +8.4%	$430,000 -0.2%
2018	$5,275 -5.8%	$431,000 +12.8%
2017	$5,602 +17.5%	$382,000 +5.2%
2016	$4,769 +2.1%	$363,000
2015	$4,669 -2.9%	$363,000 +7.1%
2014	$4,807 +1.8%	$339,000 -4.5%
2013	$4,722 -10.7%	$355,000 -13%
2012	$5,289 +0.9%	$408,000 -4.2%
2011	$5,242 +1.9%	$426,000 -5.8%
2010	$5,144 +3.3%	$452,000 -1.7%
2009	$4,981 +15.4%	$460,000 +20%
2006	$4,315 +16.2%	$383,200 +15%
2005	$3,714 +9.3%	$333,300 +15%
2004	$3,399 +8.5%	$289,900 +12%
2002	$3,132 -36.1%	$258,900
2001	$4,898	--