Ideally located less than one mile from downtown Wayzata and within the highly sought-after Wayzata School District, this classic Cape Cod–style home blends timeless charm with thoughtful updates. Enjoy close proximity to local parks and the Luce Line Trail, along with a spacious backyard surrounded by mature trees, a private upper-level balcony, and a patio perfect for relaxing or entertaining. Inside, the remodeled kitchen features updated cabinet fronts, countertops, and appliances, complemented by refinished hardwood floors, new windows and fresh paint throughout, and added wainscoting detail. The upper level includes a private primary suite with a ¾ bath and a bedroom over the garage with two closets, while the walk-out lower level offers an additional ¾ bath, laundry area with utility sink, ample storage, and a new exterior door. Two fireplaces provide warmth and character across both living spaces, completing this inviting home in an exceptional location.
***A new retaining wall is scheduled to be installed within the next 1-2 weeks.
Closed
$675,000
516 Shadyway Rd, Wayzata, MN 55391
3beds
2,937sqft
Single Family
Built in 1958
0.38 Acres Lot
$675,100 Zestimate®
$230/sqft
$3,744 Estimated rent
Home value
$675,100
$628,000 - $722,000
$3,744/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Kristi D Weinstock 612-309-8332,
Coldwell Banker Realty
Bought with:
Ross Tomaszewski
POP Realty MN
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7027564
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 1
- 3/4 bathrooms: 2
- 1/2 bathrooms: 1
Bedroom
- Level: Upper
- Area: 299 Square Feet
- Dimensions: 13x23
Bedroom 2
- Level: Upper
- Area: 247 Square Feet
- Dimensions: 13x19
Bedroom 3
- Level: Upper
- Area: 143 Square Feet
- Dimensions: 11x13
Dining room
- Level: Main
- Area: 156 Square Feet
- Dimensions: 12x13
Family room
- Level: Lower
- Area: 299 Square Feet
- Dimensions: 13x23
Kitchen
- Level: Main
- Area: 288 Square Feet
- Dimensions: 16x18
Living room
- Level: Main
- Area: 299 Square Feet
- Dimensions: 13x23
Heating
- Forced Air, Other
Cooling
- Central Air
Appliances
- Included: Chandelier, Cooktop, Disposal, Dryer, Electronic Air Filter, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener Owned
- Laundry: Gas Dryer Hookup, Lower Level, Washer Hookup
Features
- Basement: Block,Daylight,Drain Tiled,Finished,Full,Storage Space,Sump Basket,Sump Pump,Walk-Out Access
- Number of fireplaces: 2
- Fireplace features: Family Room, Gas, Living Room, Wood Burning
Interior area
- Total structure area: 2,937
- Total interior livable area: 2,937 sqft
- Finished area above ground: 1,865
- Finished area below ground: 500
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage Door Opener, Heated Garage, Insulated Garage
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Patio
- Pool features: None
- Fencing: None
Lot
- Size: 0.38 Acres
- Dimensions: 130 x 143 x 121 x 118
- Features: Tree Coverage - Medium
Details
- Additional structures: Storage Shed
- Foundation area: 850
- Parcel number: 0611722110013
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Concrete, Frame
- Roof: Age Over 8 Years,Asphalt,Pitched
Condition
- New construction: No
- Year built: 1958
Utilities & green energy
- Electric: Circuit Breakers, Power Company: Xcel Energy
- Gas: Electric, Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Wayzata
- Subdivision: Shadyway Add To Wayzata
HOA & financial
HOA
- Has HOA: No
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Sold | $675,000+3.9%$230/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7027564 Report a problem | ||
| 5/9/2026 | Pending sale | $649,900$221/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7027564 Report a problem | ||
| 5/7/2026 | Listed for sale | $649,900+71%$221/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7027564 Report a problem | ||
| 8/31/2020 | Sold | $380,000-8.4%$129/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5579578 Report a problem | ||
| 6/18/2020 | Listed for sale | $414,900+52.3%$141/sqft |
Source: Scates Real Estate, LLC #5579578 Report a problem | ||
| 1/30/2001 | Sold | $272,500$93/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,479 +4.1% | $470,500 +10% |
| 2024 | $4,303 +5.1% | $427,900 +1.6% |
| 2023 | $4,094 -4.2% | $421,100 +7.4% |
| 2022 | $4,273 +19.1% | $392,000 +7.4% |
| 2021 | $3,588 +5.7% | $365,000 +17.4% |
| 2020 | $3,395 -5.4% | $311,000 +8.7% |
| 2019 | $3,588 +5.7% | $286,000 -12.8% |
| 2018 | $3,395 -18.5% | $328,000 +3.1% |
| 2017 | $4,167 +6.7% | $318,000 +5% |
| 2016 | $3,906 +1.9% | $303,000 |
| 2015 | $3,831 -2.9% | $303,000 +9.4% |
| 2014 | $3,945 +3.9% | $277,000 -4.8% |
| 2013 | $3,796 -1.8% | $291,000 -4.9% |
| 2012 | $3,865 +5.4% | $306,000 |
| 2011 | $3,668 +1.4% | $306,000 -5.8% |
| 2010 | $3,619 -0.5% | $325,000 -5% |
| 2009 | $3,638 +36.8% | $342,000 +38% |
| 2006 | $2,659 +17.2% | $247,800 +15% |
| 2005 | $2,270 +9.9% | $215,500 +15% |
| 2004 | $2,065 +11.6% | $187,400 +14.1% |
| 2002 | $1,851 -31.5% | $164,300 |
| 2001 | $2,701 | -- |
Find assessor info on the county website
Neighborhood: 55391
Nearby schools
GreatSchools rating
- 9/10Gleason Lake Elementary SchoolGrades: K-5Distance: 0.3 mi
- 9/10Wayzata West Middle SchoolGrades: 6-8Distance: 0.8 mi
- 10/10Wayzata High SchoolGrades: 9-12Distance: 4.7 mi
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Estimated market value
$675,100
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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
$675,100
- Minnesota
- Hennepin County
- Wayzata
- 55391
- 516 Shadyway Rd
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