Buyers’ opportunity. Re-positioned to $16.450M. Representing extraordinary value on Lake Minnetonka’s coveted “Gold Coast’! No need to build. Ready for the current lake season.
Check out the new AI photos showing how one can easily transform the exterior of the home and the rooms into a lighter, more current decor without any structural changes by painting and lightening up the hardwood floors and beams. Experience the pinnacle of Lake Minnetonka living on Wayzata Bay. Tucked away on a sprawling 1.6-acre private property, this Sharratt-designed and Robert Craig-built masterpiece encompasses 216 feet of premium, east-facing shoreline. The expansive manicured grounds offer a sanctuary of quietude opening up to breathtaking vistas of Wayzata Bay and downtown Wayzata.
Extensive stonework, a Ludowici clay tile roof, and a cobblestone circular driveway with portico sets a tone of timeless elegance. The heart of the home is the soaring octagonal Great Room, where massive, beamed ceilings and panoramic sweep of windows frame the glistening waters of Lake Minnetonka.
The focal point of the chef’s kitchen is a 20-foot walnut and natural stone island, equipped with Wolf and Sub- Zero appliances, and enhanced by a full caterer’s kitchen for effortless hosting. The adjoining breakfast room and inviting hearth room create a warm gathering space, while the formal dining and living room offer refined settings for both everyday living and gracious entertaining.
The floor plan offers rare flexibility with elegant, primary suites on the main and upper level. Each includes a fireplace, sitting area and luxurious spa-like bathroom with unparalleled views of the lake. The second level is completed by a cozy reading nook and a guest wing, which includes two additional lake-facing ensuites. The elevator provides convenient service to all floors.
The walk-out lower level, with its comfortable and spacious rooms, transition seamlessly to a lakeside paradise. A natural flagstone terrace and infinity edge pool provide the ultimate stage for large scale entertaining or quiet reflection. A charming pool house and lush, professional gardens add ambiance to this idyllic setting. Just a stroll away to Wayzata’s world-class dining and many boutique shops, this exceptional property represents the very finest in Lake Minnetonka living!
Active
Price cut: $1.4M (7/20)
$16,450,000
358 Ferndale Rd S, Wayzata, MN 55391
4beds
9,921sqft
:
Get pre-qualified$105,841/mo
Single Family
Built in 2010
1.61 Acres Lot
$14,792,200 Zestimate®
$1,658/sqft
$-- HOA
What's special
Ludowici clay tile roofExtensive stoneworkMassive beamed ceilingsSoaring octagonal great roomInviting hearth roomExpansive manicured groundsCharming pool house
- 101 days |
- 6,362 |
- 249 |
Zillow last checked:
Listing updated:
Listed by:
Elizabeth P Vogt 612-669-4231,
Coldwell Banker Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7060616
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 8
- Full bathrooms: 3
- 3/4 bathrooms: 3
- 1/2 bathrooms: 2
Bedroom
- Level: Main
- Area: 373.8 Square Feet
- Dimensions: 21x17.8
Bedroom 2
- Level: Upper
- Area: 169 Square Feet
- Dimensions: 13x13
Bedroom 3
- Level: Upper
- Area: 169 Square Feet
- Dimensions: 13x13
Bedroom 4
- Level: Upper
- Area: 317.4 Square Feet
- Dimensions: 23x13.8
Other
- Level: Main
- Area: 219 Square Feet
- Dimensions: 15x14.6
Dining room
- Level: Main
- Area: 258.96 Square Feet
- Dimensions: 15.6x16.6
Exercise room
- Level: Lower
- Area: 396 Square Feet
- Dimensions: 22x18
Family room
- Level: Lower
- Area: 729 Square Feet
- Dimensions: 27x27
Great room
- Level: Main
- Area: 729 Square Feet
- Dimensions: 27x27
Hearth room
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Informal dining room
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Kitchen
- Level: Main
- Area: 441 Square Feet
- Dimensions: 21x21
Living room
- Level: Main
- Area: 491.36 Square Feet
- Dimensions: 29.6x16.6
Study
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Heating
- Forced Air, Fireplace(s), In-Floor Heating, Radiant
Cooling
- Central Air
Appliances
- Included: Air-To-Air Exchanger, Central Vacuum, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Freezer, Humidifier, Gas Water Heater, Water Filtration System, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Trash Compactor, Washer, Water Softener Owned, Wine Cooler
- Laundry: Gas Dryer Hookup, Laundry Room, Main Level, Upper Level, Washer Hookup
Features
- Central Vacuum
- Basement: Drain Tiled,Finished,Full,Storage Space,Sump Basket,Sump Pump,Walk-Out Access
- Number of fireplaces: 7
- Fireplace features: Double Sided, Family Room, Masonry, Gas, Living Room, Primary Bedroom, Stone, Wood Burning
Interior area
- Total structure area: 12,757
- Total interior livable area: 9,921 sqft
- Finished area above ground: 7,973
- Finished area below ground: 1,948
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Attached, Asphalt, Driveway - Other Surface, Floor Drain, Garage, Garage Door Opener, Heated Garage, Insulated Garage, Storage
- Attached garage spaces: 3
- Has uncovered spaces: Yes
- Details: Garage Door Height (8)
Accessibility
- Accessibility features: Accessible Elevator Installed, Grab Bars In Bathroom, Soaking Tub
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck, Patio, Rear Porch, Screened
- Has private pool: Yes
- Pool features: In Ground, Heated, Outdoor Pool
- Fencing: None
- Has view: Yes
- View description: East, Lake, Panoramic
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake Front, Lake View, Lake Bottom(Sand)
- Frontage length: Water Frontage: 216
Lot
- Size: 1.61 Acres
- Features: Accessible Shoreline, Irregular Lot, Tree Coverage - Medium
Details
- Additional structures: Boat House, Pool House, Workshop
- Foundation area: 4822
- Parcel number: 0611722320022
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Roof: Shake,Age Over 8 Years,Pitched,Tile
Condition
- New construction: No
- Year built: 2010
Utilities & green energy
- Electric: Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
- Utilities for property: Underground Utilities
Community & HOA
HOA
- Has HOA: No
Location
- Region: Wayzata
Financial & listing details
- Price per square foot: $1,658/sqft
- Tax assessed value: $13,484,600
- Annual tax amount: $176,458
- Date on market: 4/23/2026
- Road surface type: Paved
Estimated market value
$14,792,200
$14.05M - $15.53M
$6,924/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/20/2026 | Price change | $16,450,000-7.8%$1,658/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7060616 Report a problem | ||
| 4/23/2026 | Listed for sale | $17,850,000+271.9%$1,799/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7060616 Report a problem | ||
| 2/12/2010 | Sold | $4,800,000-5.9%$484/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1577535 Report a problem | ||
| 11/1/2009 | Listing removed | $5,100,000$514/sqft |
Source: RE/MAX Results Inc #3688677 Report a problem | ||
| 9/6/2009 | Listed for sale | $5,100,000$514/sqft |
Source: RE/MAX Results Inc #3688677 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $161,174 +6.7% | $13,484,600 +6.3% |
| 2024 | $151,124 -2.8% | $12,690,900 +2.2% |
| 2023 | $155,511 +8.6% | $12,413,200 +0.2% |
| 2022 | $143,155 +0.9% | $12,390,000 +22.6% |
| 2021 | $141,818 +7.3% | $10,107,000 +0.3% |
| 2020 | $132,224 -6.8% | $10,075,000 +11.2% |
| 2019 | $141,818 +7.3% | $9,059,000 +2.4% |
| 2018 | $132,224 +0.5% | $8,843,000 +5.5% |
| 2017 | $131,539 +4.4% | $8,384,000 |
| 2016 | $125,999 -3.2% | $8,384,000 +19.5% |
| 2015 | $130,155 +16.5% | $7,013,000 |
| 2014 | $111,740 -3.1% | $7,013,000 -2.1% |
| 2013 | $115,271 +56.1% | $7,165,000 +49.6% |
| 2012 | $73,822 +12% | $4,788,000 +6.1% |
| 2011 | $65,931 +1.5% | $4,513,000 -6% |
| 2010 | $64,942 +6.9% | $4,800,000 +1.2% |
| 2009 | $60,769 +51.8% | $4,741,900 +57.3% |
| 2006 | $40,021 +16.1% | $3,014,300 +16.5% |
| 2005 | $34,481 +8.6% | $2,586,400 +15% |
| 2004 | $31,750 +7.4% | $2,249,100 +123.1% |
| 2002 | $29,561 -30.9% | $1,008,200 |
| 2001 | $42,792 | -- |
Find assessor info on the county website
Monthly payment
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Neighborhood: 55391
Nearby schools
GreatSchools rating
- 9/10Gleason Lake Elementary SchoolGrades: K-5Distance: 1.4 mi
- 9/10Wayzata West Middle SchoolGrades: 6-8Distance: 0.6 mi
- 10/10Wayzata High SchoolGrades: 9-12Distance: 5.4 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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