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Sold for $550,000
  • $550,000

    402 Lake St E, Waconia, MN 55387

    2beds
    1,200sqft
    Condo
    Built in 1984
    -- sqft lot
    $554,200 Zestimate®
    $458/sqft
    $1,905 Estimated rent

    Home value

    $554,200

    $510,000 - $604,000

    $1,905/mo

    Zestimate® history
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    $1,905/mo

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    $3,896/mo

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    What's special

    Private dock slipLakefront condo livingHigh end appliancesDual sinksWalk-in tiled steam shower
    **Seller willing to pay 2.5% to buyer’s agent** Very rare lakefront condo living on Lake Waconia. Enjoy the beautiful sunsets on your very own private deck overlooking Lake Waconia. Just stroll down to your own private dock slip where you can come and go without having to land your boat every time. This luxurious two bedroom, two bathroom condo has lake views from the master bedroom, the living room and the kitchen. The kitchen comes complete with high end appliances, including a built in espresso maker. The master bath includes dual sinks and a walk-in tiled steam shower. There is a single stall parking spot in the underground parking with additional parking outside. The condo is located on the top floor which provides the greatest views. It also has an elevator so you don't have to worry about the stairs. You won't find another opportunity to live on Lake Waconia like this! It is currently being rented through the end of September with the greatest tenant you could ask for. She would love to keep renting if at all possible. So if you’re looking for that retirement home and aren’t quite ready to move, this is the perfect opportunity for you. The tenant does not use the boat slip so you could still enjoy the lake and keep renting it if you would like.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced air, Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Range / Oven, Refrigerator, Washer
    • Laundry: In Unit
    Features
    • Flooring: Hardwood
    Interior area
    • Total interior livable area: 1,200 sqft

    Property

    Parking
    • Parking features: Garage - Attached, Off-street
    Features
    • Exterior features: Wood
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 0.42 Acres
    Details
    • Parcel number: 750750020

    Construction

    Type & style
    • Home type: Condo
    Materials
    • Frame
    • Foundation: Slab
    • Roof: Composition
    Condition
    • Year built: 1984

    Community & HOA

    HOA
    • Has HOA: Yes
    • HOA fee: $500 monthly
    Location
    • Region: Waconia

    Financial & listing details

    • Price per square foot: $458/sqft
    • Tax assessed value: $522,000
    • Annual tax amount: $5,948

    Price history

    DateEventPrice
    10/3/2025Sold$550,000-26.7%$458/sqft
    Source: Public Record Report a problem
    4/10/2025Listing removed--
    Source: Owner Report a problem
    2/14/2025Listed for sale$750,000+54.2%$625/sqft
    Source: Owner Report a problem
    8/1/2021Listing removed--
    Source: Zillow Rental Manager Report a problem
    7/24/2021Listed for rent$2,850+35.7%$2/sqft
    Source: Zillow Rental Manager Report a problem
    7/9/2021Sold$486,400-0.1%$405/sqft
    Source: Public Record Report a problem
    6/10/2021Pending sale$487,000+32%$406/sqft
    Source: RE/MAX International #5768501 Report a problem
    7/10/2018Sold$369,000-0.2%$308/sqft
    Source: NorthstarMLS as distributed by MLS GRID #4958352 Report a problem
    4/24/2018Price change$369,900-1.3%$308/sqft
    Source: Latigo Leasing & Sales #4943624 Report a problem
    3/2/2018Listed for sale$374,900+25.4%$312/sqft
    Source: Latigo Leasing & Sales #4912896 Report a problem
    4/8/2016Listing removed$2,100$2/sqft
    Source: Zillow Rental Network Report a problem
    3/8/2016Listed for rent$2,100$2/sqft
    Source: Zillow Rental Network Report a problem
    8/30/2006Sold$299,000$249/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,948 +3.7%$522,000 +10.9%
    2024$5,738 +4.7%$470,900
    2023$5,482 +11.8%$470,900 +2.1%
    2022$4,904 -0.7%$461,100 +31.6%
    2021$4,940 +11.5%$350,500 +0.8%
    2020$4,432 +10.2%$347,600 +7.9%
    2019$4,022 $322,100 +12.2%
    2017$4,022 -2.1%$287,000 +0.5%
    2016$4,110 $285,600 +6.4%
    2015$4,110 +1.5%$268,300 +3.3%
    2014$4,048 +3.3%$259,800 -4.7%
    2013$3,918 +37.1%$272,500 +6.4%
    2012$2,858 +0.8%$256,200 +22.2%
    2011$2,836 -3.5%$209,700
    2010$2,938 +3.5%--
    2009$2,838 +10.7%$234,700 +8.1%
    2008$2,564 $217,200 +0.6%
    2007-- $215,878 +1.8%
    2005-- $212,149 +2.5%
    2004-- $206,959
    2002-- --
    2001$1,539 -6.1%--
    2000$1,639 --
    Find assessor info on the county website

    Neighborhood: 55387

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $554,200
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $554,200