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Pending
  • Price cut: $250K (6/22)
    $1,750,000

    511 N Shore Dr, Waverly, MN 55390

    4beds
    6,434sqft
    : 
    $10,554/mo
    Get pre-qualified
    Single Family
    Built in 2008
    0.49 Acres Lot
    $1,672,100 Zestimate®
    $272/sqft
    $-- HOA

    What's special

    Experience luxury lakeshore living at its finest in this stunning executive two-story home on beautiful Waverly Lake, offering 85 feet of meticulously maintained shoreline and your very own sandy beach. Perfectly positioned with western exposure, this property delivers breathtaking sunset views and 6,434 finished square feet of quality craftsmanship, thoughtful design, and incredible spaces to enjoy lake living year-round. From the moment you pull in the driveway, the attention to detail stands out. Professionally redesigned landscaping completed in 2023, elegant under-soffit lighting, durable James Hardie siding, Andersen Windows, and a new 45-year presidential roof installed in 2024 create exceptional curb appeal and long-lasting quality. The attached heated 3-stall garage features epoxy floors, in-floor heat, sink, and plenty of storage. The detached 30x30 garage is equally impressive with epoxy floors, in-floor heat, mini-split A/C, half bath, bonus room above, and separate storage for lawn equipment — perfect for hobbies, toys, a workout area, or additional entertaining space. Step inside and you are immediately welcomed by soaring 19-foot ceilings in the foyer and living room, stunning lake views, and natural light pouring through expansive windows. The recently remodeled main level (2023) perfectly blends warmth and luxury with white oak flooring, oversized 7-inch enameled base trim, 8-foot solid core doors, custom built-ins, white maple cabinetry, and beautiful quartzite countertops throughout. The remainder of the main floor features 9-foot ceilings, creating an open and spacious feel in every room. The kitchen was designed to be both functional and impressive, featuring a massive center island, premium Wolf appliances, Sub-Zero refrigerator, dry bar, dual beverage drawers, wine fridge, and extensive custom cabinetry. Just off the kitchen, the sunroom provides panoramic lake views and the perfect spot for morning coffee or winding down at the end of the day. Step out onto the maintenance-free deck, rebuilt in 2023, and take in some of the best sunset views Waverly Lake has to offer. Privately tucked away on the main floor, the primary suite feels like its own retreat with a tray vault ceiling, white oak floors, and a spa-like bathroom featuring heated tile floors, under-vanity lighting, quartzite countertops, and a walk-in shower with rain head. The spacious walk-in closet offers custom shelving and organization throughout. The main floor also includes a beautiful executive office complete with granite countertops and custom built-ins, creating an ideal work-from-home setup. Upstairs, all three bedrooms feature their own private en-suite bathrooms with granite countertops, tiled showers, tile flooring, and custom vanities. Above the attached garage, the large bonus room offers endless flexibility as a second family room, game room, play area, or man cave. The walkout lower level was built for entertaining with soaring 10-foot ceilings, knotty alder trim and doors, custom built-ins, oversized lake-facing windows, full wet bar with granite countertops, full-size refrigerator, dishwasher, theater room with seating for seven plus eat-up bar, workout/flex room, and a beautifully finished bathroom with walk-in stone shower and dual heads. Step outside to your private lakeside patio featuring travertine stone, retractable awning, gas fire pit, and gas line for grilling. Between the sandy beach, incredible entertaining spaces, high-end finishes, and breathtaking sunsets, this home truly captures everything people love about lake life.
    57 days
    |
    1,199
    |
    44
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Justin M Perry 320-420-8823,

    Coldwell Banker Realty

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7081523MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 7
      • Full bathrooms: 1
      • 3/4 bathrooms: 4
      • 1/2 bathrooms: 1
      • 1/4 bathrooms: 1
      Bedroom
      • Level: Main
      • Area: 255 Square Feet
      • Dimensions: 15x17
      Bedroom 2
      • Level: Upper
      • Area: 195 Square Feet
      • Dimensions: 15x13
      Bedroom 3
      • Level: Upper
      • Area: 168 Square Feet
      • Dimensions: 14x12
      Bedroom 4
      • Level: Upper
      • Area: 168 Square Feet
      • Dimensions: 14x12
      Bonus room
      • Level: Upper
      • Area: 450 Square Feet
      • Dimensions: 30x15
      Dining room
      • Level: Main
      • Area: 150 Square Feet
      • Dimensions: 15x10
      Exercise room
      • Level: Lower
      • Area: 224 Square Feet
      • Dimensions: 16x14
      Family room
      • Level: Lower
      • Area: 567 Square Feet
      • Dimensions: 27x21
      Kitchen
      • Level: Main
      • Area: 273 Square Feet
      • Dimensions: 21x13
      Laundry
      • Level: Main
      • Area: 88 Square Feet
      • Dimensions: 8x11
      Living room
      • Level: Main
      • Area: 340 Square Feet
      • Dimensions: 20x17
      Media room
      • Level: Lower
      • Area: 308 Square Feet
      • Dimensions: 22x14
      Office
      • Level: Main
      • Area: 195 Square Feet
      • Dimensions: 13x15
      Sun room
      • Level: Main
      • Area: 169 Square Feet
      • Dimensions: 13x13
      Heating
      • Ductless Mini-Split, Forced Air, Geothermal, In-Floor Heating, Zoned
      Cooling
      • Central Air, Geothermal, Zoned
      Appliances
      • Included: Central Vacuum, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Wall Oven, Washer, Water Softener Owned, Wine Cooler
      • Laundry: Electric Dryer Hookup, Laundry Room, Main Level, Washer Hookup
      Features
      • Central Vacuum
      • Basement: Drain Tiled,Finished,Full,Sump Basket,Sump Pump,Tile Shower,Walk-Out Access
      • Number of fireplaces: 2
      • Fireplace features: Family Room, Gas, Living Room, Stone
      Interior area
      • Total structure area: 7,107
      • Total interior livable area: 6,434 sqft
      • Finished area above ground: 4,260
      • Finished area below ground: 2,174
      Video & virtual tour

      Property

      Parking
      • Total spaces: 6
      • Parking features: Attached, Detached Garage, Driveway - Other Surface, Electric, Electric Vehicle Charging Station(s), Floor Drain, Garage, Garage Door Opener, Heated Garage, Insulated Garage
      • Attached garage spaces: 6
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Awning(s), Covered, Deck, Front Porch, Patio
      • Pool features: None
      • Fencing: None
      • Has view: Yes
      • View description: Bay, West, Lake
      • Has water view: Yes
      • Water view: Bay,Lake
      • Waterfront features: Lake Front, Lake View, Waterfront Elevation(10-15), Lake Bottom(Gravel, Hard, Rocky)
      • Frontage length: Water Frontage: 85
      Lot
      • Size: 0.49 Acres
      • Dimensions: 85 x 250 x 85 x 247
      • Features: Accessible Shoreline, Tree Coverage - Light
      Details
      • Additional structures: Garage(s)
      • Foundation area: 2369
      • Parcel number: 116016000370
      • Zoning description: Residential-Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family
      Materials
      • Concrete, Frame
      • Roof: Age 8 Years or Less,Asphalt,Pitched
      Condition
      • New construction: No
      • Year built: 2008

      Utilities & green energy

      • Electric: Circuit Breakers, 200+ Amp Service, Power Company: Xcel Energy
      • Gas: Natural Gas
      • Sewer: City Sewer - In Street
      • Water: City Water - In Street

      Community & HOA

      Community
      • Subdivision: North Waverly Shore
      HOA
      • Has HOA: No
      Location
      • Region: Waverly

      Financial & listing details

      • Price per square foot: $272/sqft
      • Tax assessed value: $1,125,200
      • Annual tax amount: $14,798
      • Date on market: 5/27/2026
      • Cumulative days on market: 56 days
      • Road surface type: Paved

        Estimated market value

        $1,672,100

        $1.59M - $1.76M

        $4,334/mo

        Price history

        DateEventPrice
        7/20/2026Pending sale$1,750,000$272/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7081523 Report a problem
        6/22/2026Price change$1,750,000-12.5%$272/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7081523 Report a problem
        5/29/2026Listed for sale$2,000,000+2400%$311/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7081523 Report a problem
        10/5/2001Sold$80,000$12/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$15,122 +4.4%$1,125,200 +2%
        2024$14,488 +10.4%$1,102,600 -0.5%
        2023$13,122 +5.1%$1,108,400 +13.5%
        2022$12,482 -1.5%$976,900 +23.8%
        2021$12,670 -5.6%$789,200 +5.2%
        2020$13,422 -65.4%$750,300 +1.9%
        2019$38,810 +189.2%$736,200 -2.4%
        2018$13,422 +5%$754,100 +8.1%
        2017$12,780 +0.3%$697,900
        2016$12,738 --
        2015$12,738 +2.7%--
        2014$12,398 +4%--
        2013$11,919 -6.7%--
        2012$12,777 +11.5%--
        2011$11,456 +10.2%--
        2010$10,392 +225.4%--
        2009$3,194 +69.5%--
        2008$1,884 +21.6%--
        2007$1,549 +40.1%--
        2006$1,106 +10.2%--
        2005$1,004 +17.3%--
        2004$856 +10.6%--
        2003$774 -3.1%--
        2002$799 -6.2%--
        2001$852 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 55390

        Getting around

        0 / 100
        Car-Dependent
        24 / 100
        Somewhat Bikeable

        Nearby schools

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