**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.
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
Owner options
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$1,905/mo
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$1,905/mo
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$3,896/mo
Est. payment
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$3,896/mo
Est. payment
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List your homeWhat's special
Private dock slipLakefront condo livingHigh end appliancesDual sinksWalk-in tiled steam shower
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
| Date | Event | Price |
|---|---|---|
| 10/3/2025 | Sold | $550,000-26.7%$458/sqft |
Source: Public Record Report a problem | ||
| 4/10/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 2/14/2025 | Listed for sale | $750,000+54.2%$625/sqft |
Source: Owner Report a problem | ||
| 8/1/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 7/24/2021 | Listed for rent | $2,850+35.7%$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 7/9/2021 | Sold | $486,400-0.1%$405/sqft |
Source: Public Record Report a problem | ||
| 6/10/2021 | Pending sale | $487,000+32%$406/sqft |
Source: | ||
| 7/10/2018 | Sold | $369,000-0.2%$308/sqft |
Source: | ||
| 4/24/2018 | Price change | $369,900-1.3%$308/sqft |
Source: Latigo Leasing & Sales #4943624 Report a problem | ||
| 3/2/2018 | Listed for sale | $374,900+25.4%$312/sqft |
Source: Latigo Leasing & Sales #4912896 Report a problem | ||
| 4/8/2016 | Listing removed | $2,100$2/sqft |
Source: Zillow Rental Network Report a problem | ||
| 3/8/2016 | Listed for rent | $2,100$2/sqft |
Source: Zillow Rental Network Report a problem | ||
| 8/30/2006 | Sold | $299,000$249/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 homes
- $557,2002 bd1 ba1.2k sqft400 E Lake St, Waconia, MN 55387Off Market
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Nearby schools
GreatSchools rating
- 9/10Bayview Elementary SchoolGrades: K-5Distance: 0.7 mi
- 8/10Waconia Middle SchoolGrades: 6-8Distance: 1.9 mi
- 8/10Waconia Senior High SchoolGrades: 9-12Distance: 2.3 mi
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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
- Minnesota
- Carver County
- Waconia
- 55387
- 402 Lake St E