Discover this breathtaking south-facing two-bedroom condo at the prestigious Wayzata Place, perfectly positioned with sweeping views of Wayzata Bay and Lake Minnetonka.
Enter inside to an inviting open-concept layout that seamlessly connects the kitchen, casual dining area, and living room. A cozy gas fireplace serves as the centerpiece of the living space, creating the perfect setting for relaxing evenings.
Outside, unwind on your private ground-floor screened patio, where you can enjoy stunning views of the lake and breathtaking sunsets over Lake Minnetonka.
Building amenities enhance the lifestyle, offering an underground heated garage, secure bike racks, and a recently renovated fitness center. A beautifully remodeled guest suite is also available for visiting guests.
Best of all, this exceptional condo puts you in the heart of downtown Wayzata. You’re right by the city’s finest restaurants, boutique shops, and vibrant waterfront.
Don’t miss this rare opportunity to own a one-of-a-kind home in one of the most desirable locations on Lake Minnetonka. Schedule your private showing today!
Active
Price cut: $200K (4/29)
$1,595,000
540 Indian Mound St APT 1A, Wayzata, MN 55391
2beds
1,800sqft
(CC) High Rise (4+ Levels)
Built in 1979
-- sqft lot
$-- Zestimate®
$886/sqft
$1,453/mo HOA
What's special
Cozy gas fireplacePrivate ground-floor screened patioSouth-facing two-bedroom condoBeautifully remodeled guest suiteInviting open-concept layout
- 101 days |
- 502 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Debbie McNally 612-388-1790,
Lakes Sotheby's International,
Pamala Kaye-Williams 218-232-4951
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7047326
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Level: Main
- Area: 204 Square Feet
- Dimensions: 17x12
Bedroom 2
- Level: Main
- Area: 130 Square Feet
- Dimensions: 13x10
Dining room
- Level: Main
- Area: 81 Square Feet
- Dimensions: 09x09
Kitchen
- Level: Main
- Area: 108 Square Feet
- Dimensions: 12x09
Laundry
- Level: Main
- Area: 70 Square Feet
- Dimensions: 14x05
Living room
- Level: Main
- Area: 437 Square Feet
- Dimensions: 23x19
Office
- Level: Main
- Area: 154 Square Feet
- Dimensions: 14x11
Screened porch
- Level: Main
- Area: 152 Square Feet
- Dimensions: 19x08
Heating
- Hot Water
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
- Laundry: Main Level, In Unit, Washer Hookup
Features
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Gas, Living Room
Interior area
- Total structure area: 1,800
- Total interior livable area: 1,800 sqft
- Finished area above ground: 1,800
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Attached, Heated Garage, Garage, Underground
- Attached garage spaces: 1
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio, Porch
- Pool features: None
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake View
Details
- Foundation area: 1800
- Parcel number: 0611722310069
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: Condo
- Property subtype: (CC) High Rise (4+ Levels)
- Attached to another structure: Yes
Materials
- Roof: Other
Condition
- New construction: No
- Year built: 1979
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
HOA
- Has HOA: Yes
- Services included: Maintenance Structure, Hazard Insurance, Lawn Care, Maintenance Grounds, Parking, Professional Mgmt, Sanitation, Sewer, Shared Amenities, Snow Removal, Water
- HOA fee: $1,453 monthly
- HOA name: Elliman Management
- HOA phone: 952-210-3383
Location
- Region: Wayzata
Financial & listing details
- Price per square foot: $886/sqft
- Annual tax amount: $15,542
- Date on market: 4/6/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/29/2026 | Price change | $1,595,000-11.1%$886/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7047326 Report a problem | ||
| 4/6/2026 | Listed for sale | $1,795,000+38.1%$997/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7047326 Report a problem | ||
| 6/15/2022 | Sold | $1,300,000+15.1%$722/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6195847 Report a problem | ||
| 6/9/2022 | Pending sale | $1,129,000$627/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6195847 Report a problem | ||
| 6/9/2022 | Listed for sale | $1,129,000$627/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6195847 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 55391
Nearby schools
GreatSchools rating
- 9/10Gleason Lake Elementary SchoolGrades: K-5Distance: 1 mi
- 9/10Wayzata West Middle SchoolGrades: 6-8Distance: 0.5 mi
- 10/10Wayzata High SchoolGrades: 9-12Distance: 5.2 mi
- $716,3001 bd1 ba860 sqft540 Indian Mound St E UNIT 6-B, Wayzata, MN 55391Off Market
- $1,472,4003 bd2 ba1.8k sqft540 Indian Mound St E #1D, Wayzata, MN 55391Off Market
- $1,300,0002 bd1 ba1.3k sqft540 Indian Mound St E #1-C, Wayzata, MN 55391Sold
- $2,235,5003 bd2 ba2.3k sqft540 Indian Mound St E #2C, Wayzata, MN 55391Off Market
- $1,451,8002 bd2 ba2k sqft540 Indian Mound St E UNIT 2-B, Wayzata, MN 55391Off Market
- $1,520,8003 bd2 ba1.8k sqft540 Indian Mound St E UNIT 2-A, Wayzata, MN 55391Off Market
- $1,498,8002 bd1 ba1.8k sqft540 Indian Mound St E #3-C, Wayzata, MN 55391Off Market
- $2,619,7002 bd2 ba2.6k sqft540 Indian Mound St E #3-B, Wayzata, MN 55391Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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