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Sold for $1,350,000
  • $1,350,000

    540 Indian Mound St E #1-B, Wayzata, MN 55391

    1beds
    1,300sqft
    Condo
    Built in 1979
    -- sqft lot
    $1,397,800 Zestimate®
    $1,038/sqft
    $2,395 Estimated rent

    Home value

    $1,397,800

    $1.29M - $1.54M

    $2,395/mo

    Zestimate® history
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    $9,427/mo

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    $9,427/mo

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    What's special

    WAYZATA’S BEST CONDO LOCATION! Incredible once-in-a-lifetime opportunity to become a member of the premier Wayzata Place Association (WPA), which owns 95% of an entire block in downtown Wayzata. WPA sets itself apart from all the other condominiums in Wayzata as the only association with unobstructed lake views from Wayzata Bay to Excelsior Bay. This ground floor, single story, 1,300 square foot, south facing luxury unit was remodeled wall-to-wall, floor-to-ceiling and converted from two bedrooms into a chic’ one bedroom plus executive suite den. It’s new spacious open floor plan allows for scenic views of the lake from most rooms. The kitchen includes custom cabinets, counter tops, appliances, a lighted bar/wine rack with beverage cooler. The dining room ceiling has a drop-down soffit with stunning direct and indirect lighting as well as a beautiful chandelier. The living room boasts a beautiful porcelain fireplace with stylish linear gas Heat & Glo unit, showcased between two storage benches. The den has an elegantly hand-crafted rustic barn door and contempotary lighting. The laundry room has custom cabinets, utility sink, new washer/dryer, a new A/C unit with trendy exposed ceiling ducting. The master bedroom has a walk-in closet with custom fixtures. The master bathroom has twin sinks, heated marble bathroom floor, and an oversized marble shower with multiple showerheads. The guest bathroom has a heated porcelain tile floor and porcelain shower with a fashionable sliding glass door. The units’ flooring is hard wood. New European radiators are sleek and low profile. Three new energy efficient glass sliding patio doors give access to the private, screened-in patio which stretches across the entire front side of the condo. Across the hallway from the unit is a large private storage closet complete with custom cabinets. The complex has underground heated parking, indoor bike racks, elevators, newly remodeled fitness room, a common area plaza patio (with BBQ grill and gas firepit). There is also abundant onsite parking for guests. As for convenience, Wayzata’s finest restaurants and shopping are within two blocks. It just does not get any better for those with an on-the-go lifestyle or for people wanting single story luxury accessibility with ultimately the best view of Lake Minnetonka in town. Now is the time for you to own a piece of the action at WPA. You’re worth it!

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 2
    • 3/4 bathrooms: 2
    Heating
    • Baseboard, Radiant, Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Tile, Hardwood
    • Basement: None
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 1,300 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Garage - Attached
    Features
    • Exterior features: Stone, Brick
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 2 Acres
    Details
    • Parcel number: 0611722310068
    • Zoning: Residential-Single

    Construction

    Type & style
    • Home type: Condo
    Materials
    • Roof: Asphalt
    Condition
    • Year built: 1979

    Utilities & green energy

    • Sewer: City Sewer/Connected

    Community & HOA

    Community
    • Features: Fitness Center
    HOA
    • Has HOA: Yes
    • HOA fee: $830 monthly
    Location
    • Region: Wayzata

    Financial & listing details

    • Price per square foot: $1,038/sqft
    • Tax assessed value: $1,329,100
    • Annual tax amount: $14,692

    Price history

    DateEventPrice
    11/21/2023Sold$1,350,000+8%$1,038/sqft
    Source: Public Record Report a problem
    7/12/2022Sold$1,250,000-9.4%$962/sqft
    Source: Public Record Report a problem
    4/12/2022Listed for sale$1,379,000+126.1%$1,061/sqft
    Source: Owner Report a problem
    3/14/2018Sold$610,000-6%$469/sqft
    Source: Public Record Report a problem
    1/30/2018Listed for sale$649,000+29.8%$499/sqft
    Source: Coldwell Banker Burnet #4903802 Report a problem
    6/26/2015Listing removed$499,900$385/sqft
    Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4598378 Report a problem
    6/4/2015Pending sale$499,900+5.2%$385/sqft
    Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4598378 Report a problem
    5/31/2015Sold$475,000-5%$365/sqft
    Source: Public Record Report a problem
    5/14/2015Listed for sale$499,900$385/sqft
    Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4598378 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$14,692 +4%$1,329,100 +0.3%
    2024$14,124 +54.2%$1,325,000 +7.2%
    2023$9,162 -4%$1,235,500 +52.5%
    2022$9,541 +3.4%$810,000 +7.4%
    2021$9,231 -3.5%$754,000 +2.7%
    2020$9,567 +3.6%$734,000 +0.1%
    2019$9,231 -3.5%$733,000 +15.3%
    2018$9,567 +21.9%$636,000 +17.6%
    2017$7,847 +13.6%$541,000
    2016$6,906 -3.3%$541,000 -7%
    2015$7,143 -10.9%$582,000 +2.5%
    2014$8,014 +1.8%$568,000 -0.4%
    2013$7,875 -2.9%$570,000 -5.5%
    2012$8,106 -7.5%$603,000 -10.7%
    2011$8,759 +23.2%$675,000 +11.9%
    2010$7,110 +5.2%$603,000
    2009$6,758 +29%$603,000 +30.4%
    2006$5,239 +15%$462,300 +15%
    2005$4,556 +1.2%$402,000 +7.3%
    2004$4,500 +8.3%$374,500 +12%
    2002$4,154 -37.4%$334,400
    2001$6,631 --
    Find assessor info on the county website

    Neighborhood: 55391

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Wayzata - 284

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $1,397,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,397,800