Premier luxury one level living townhome in the sought after Waycliffe community in Wayzata. Positioned at the end of a secluded cul de sac with expansive views of Gleason Lake. This lot is undoubtable one of the best in the community! The main level features refined one level living offering both elegance and comfort. The updated kitchen is complete with plenty of built ins along with an upholstered dining spot to enjoy the beautiful lake views. The lower level has a cozy sophistication which exudes country club vibes. Walk out in privacy to enjoy the flat yard, gardens and picturesque lake. New furnace, air conditioner and air exchanger. Get ready to enjoy this wonderful community and lifestyle in Waycliffe!
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Zestimate®
$1,359,000
550 Waycliffe Dr N, Wayzata, MN 55391
3beds
3,505sqft
(TH) Side x Side
Built in 1995
4,791 Square Feet Lot
$1,359,000 Zestimate®
$388/sqft
$3,931 Estimated rent
Home value
$1,359,000
$1.26M - $1.47M
$3,931/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Lynn Reiners 612-817-3597,
Compass
Bought with:
James R Paddon
Fazendin REALTORS
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7023262
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Bedroom
- Level: Main
- Area: 196 Square Feet
- Dimensions: 14x14
Bedroom 2
- Level: Lower
- Area: 169 Square Feet
- Dimensions: 13x13
Bedroom 3
- Level: Lower
- Area: 270 Square Feet
- Dimensions: 18x15
Dining room
- Level: Main
- Area: 204 Square Feet
- Dimensions: 17x12
Family room
- Level: Lower
- Area: 391 Square Feet
- Dimensions: 23x17
Kitchen
- Level: Main
- Area: 187 Square Feet
- Dimensions: 17x11
Laundry
- Level: Main
- Area: 91 Square Feet
- Dimensions: 13x7
Living room
- Level: Main
- Area: 156 Square Feet
- Dimensions: 13x12
Office
- Level: Lower
- Area: 132 Square Feet
- Dimensions: 12x11
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Air-To-Air Exchanger, Dishwasher, Disposal, Dryer, Water Filtration System, Water Osmosis System, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer, Water Softener Owned
- Laundry: Main Level, Sink
Features
- Basement: Finished,Full,Storage Space,Walk-Out Access
- Number of fireplaces: 2
- Fireplace features: Gas
Interior area
- Total structure area: 3,505
- Total interior livable area: 3,505 sqft
- Finished area above ground: 1,905
- Finished area below ground: 1,600
Property
Parking
- Total spaces: 2
- Parking features: Attached, Heated Garage
- Attached garage spaces: 2
- Details: Garage Dimensions (20x20)
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Patio
- Fencing: None
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake Front, Lake View
Lot
- Size: 4,791 Square Feet
- Dimensions: 15 x 55 x 82 x 48 x 118
- Features: Accessible Shoreline, Tree Coverage - Medium
Details
- Foundation area: 1600
- Parcel number: 0511722210012
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: Townhouse
- Property subtype: (TH) Side x Side
- Attached to another structure: Yes
Materials
- Roof: Age 8 Years or Less
Condition
- New construction: No
- Year built: 1995
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Waycliffe
HOA
- Has HOA: Yes
- Services included: Maintenance Structure, Dock, Lawn Care, Maintenance Grounds, Professional Mgmt, Shared Amenities, Snow Removal
- HOA fee: $810 monthly
- HOA name: Gassen Management
- HOA phone: 952-922-5575
Location
- Region: Wayzata
Financial & listing details
- Price per square foot: $388/sqft
- Tax assessed value: $1,118,300
- Annual tax amount: $13,663
- Date on market: 2/19/2026
- Cumulative days on market: 34 days
Price history
| Date | Event | Price |
|---|---|---|
| 5/1/2026 | Sold | $1,359,000-9.3%$388/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7023262 Report a problem | ||
| 4/3/2026 | Pending sale | $1,499,000$428/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7023262 Report a problem | ||
| 3/20/2026 | Listed for sale | $1,499,000$428/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7023262 Report a problem | ||
| 3/12/2026 | Pending sale | $1,499,000$428/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7023262 Report a problem | ||
| 3/2/2026 | Price change | $1,499,000-3.3%$428/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7023262 Report a problem | ||
| 2/20/2026 | Listed for sale | $1,550,000+96.5%$442/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7023262 Report a problem | ||
| 1/19/2016 | Sold | $789,000-6%$225/sqft |
Source: NorthstarMLS as distributed by MLS GRID #4486457 Report a problem | ||
| 10/21/2015 | Price change | $839,000-2.4%$239/sqft |
Source: Coldwell Banker Burnet - Eden Prairie #4486457 Report a problem | ||
| 8/6/2015 | Price change | $859,900-4.4%$245/sqft |
Source: Coldwell Banker Burnet - Eden Prairie #4486457 Report a problem | ||
| 9/9/2014 | Price change | $899,900-7.2%$257/sqft |
Source: Coldwell Banker Burnet - Eden Prairie #4486457 Report a problem | ||
| 7/30/2014 | Price change | $969,900-3%$277/sqft |
Source: Coldwell Banker Burnet - Eden Prairie #4486457 Report a problem | ||
| 5/31/2014 | Listed for sale | $999,900+93.4%$285/sqft |
Source: Coldwell Banker Burnet - Eden Prairie #4486457 Report a problem | ||
| 8/13/1996 | Sold | $517,085$148/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,542 +9.5% | $1,118,300 +13.3% |
| 2024 | $10,537 +10.6% | $987,100 +4.7% |
| 2023 | $9,529 -12% | $942,900 +12.4% |
| 2022 | $10,827 +2.6% | $839,000 -0.6% |
| 2021 | $10,551 -6.9% | $844,000 +2.1% |
| 2020 | $11,335 +7.4% | $827,000 -3% |
| 2019 | $10,551 -6.9% | $853,000 +1.2% |
| 2018 | $11,335 +2.1% | $843,000 -2.5% |
| 2017 | $11,098 -6.2% | $865,000 +3.2% |
| 2016 | $11,825 +0.2% | $838,000 +6.9% |
| 2015 | $11,801 +4.7% | $784,000 +18.8% |
| 2014 | $11,272 +12.1% | $660,000 -6.3% |
| 2013 | $10,057 -2.2% | $704,000 -5.1% |
| 2012 | $10,288 -0.3% | $742,000 -4.9% |
| 2011 | $10,323 +6.4% | $780,000 -1.4% |
| 2010 | $9,701 +5.3% | $791,000 |
| 2009 | $9,212 +0.7% | $791,000 +4.8% |
| 2006 | $9,151 +1.5% | $755,000 +1.8% |
| 2005 | $9,020 +10.1% | $742,000 +14.9% |
| 2004 | $8,192 +9.3% | $645,500 +12% |
| 2002 | $7,494 -39.2% | $576,400 |
| 2001 | $12,319 | -- |
Find assessor info on the county website
Neighborhood: 55391
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Nearby schools
GreatSchools rating
- 9/10Gleason Lake Elementary SchoolGrades: K-5Distance: 0.3 mi
- 9/10Wayzata West Middle SchoolGrades: 6-8Distance: 1.2 mi
- 10/10Wayzata High SchoolGrades: 9-12Distance: 4.7 mi
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Estimated market value
$1,359,000
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Estimated market value
$1,359,000
- Minnesota
- Hennepin County
- Wayzata
- 55391
- 550 Waycliffe Dr N
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