Luxury new construction set in the heart of Downtown Wayzata. Expertly built by Black Dog Homes, this home features exquisite finishes, a highly functional floorplan and views of Wayzata Bay. Open concept main level includes gourmet kitchen and scullery area, dining area and living room with fireplace. Sun room walks out to stunning patio. Upper level features 4 bedrooms, all with ensuite baths and walk-in closets. Beautiful primary suite with lake views, luxurious bath and spacious walk-in closet. Dedicated upper level laundry for added convenience. Lower level family room provides the perfect entertaining space. Separate exercise room and golf simulator. Elevator provides access to all three levels of home, providing convenience and accessibility. Incredible location just down the street from all of Wayzata's premier amenities. Home designed by Alexander Design Group and Vivid Home.
Property Details
Property Features
Property Information:
Year Built: 2024
Living Area: 5,402 SqFt
Listing Office:
Office Name: Coldwell Banker Realty
Interior Features
Interior Information:
Basement: Yes
Fireplace: Gas, Living Room
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 2
Total Bedroom Count: 5
Exterior Features
Exterior Information:
Waterfront: Lake
View: Bay, Lake
Parking Information:
Garage Space: 3 spaces
Attached Garage: Yes
Parking: Attached Garage
Lot Features
Lot Information:
Lot: Some Trees
Utilities
Utilities Information:
Heating: Forced Air
Cooling: Central Air
School Info
Assigned Schools Information:
Wayzata High School, Public District Grades 9-12
Wayzata West Middle School, Public District Grades 6-8
Gleason Lake Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: East on Lake Street E to cul-de-sac. Continue straight on cul-de-sac. Homesite on right.
Price Information
Listing Price Info
Price Summary:
List Price: $4,795,000
Price Per SqFt: $888/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Wayzata, MN.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. No part of this search utility may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise. Home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
DMCA Notice Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/1/2024, 9:22:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$23.9K
Per Month
Principal & Interest
$23.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$14.4K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
Gleason Lake Elementary School
310 County Road 101 N
Distance between this listing and this school0.96 miles
Public District Grades KG-5
Middle School
7
/10
Wayzata West Middle School
149 Barry Ave N
Distance between this listing and this school0.95 miles
Public District Grades 6-8
High School
9
/10
Wayzata High School
4955 Peony Ln N
Distance between this listing and this school5.37 miles
Public District Grades 9-12
Assigned Schools
7
/10
Gleason Lake Elementary School
310 County Road 101 N
Distance between this listing and this school0.96 miles
Public District Grades KG-5
Nearby Schools
5
/10
Birchview Elementary School
425 Ranchview Ln N
Distance between this listing and this school1.65 miles
Public District Grades KG-5
8
/10
Groveland Elementary
17310 Minnetonka Blvd
Distance between this listing and this school1.73 miles
Public District Grades KG-5
Assigned Schools
7
/10
Wayzata West Middle School
149 Barry Ave N
Distance between this listing and this school0.95 miles
Public District Grades 6-8
Nearby Schools
7
/10
Wayzata Central Middle School
305 Vicksburg Ln N
Distance between this listing and this school1.39 miles
Public District Grades 6-8
6
/10
Nasha Shkola Charter School
3500 Williston Rd
Distance between this listing and this school2.50 miles
Public Charter Grades KG-7
Assigned Schools
9
/10
Wayzata High School
4955 Peony Ln N
Distance between this listing and this school5.37 miles
Public District Grades 9-12
Nearby Schools
2
/10
Invest High School
1820 Xenium Ln N
Distance between this listing and this school3.43 miles
Public District Grades 6-12
3
/10
Hopkins West Junior High
3830 Baker Rd
Distance between this listing and this school3.50 miles
The neighbors living near this home have an average income of $61,932. Most Wayzata, MN residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1038 Lake St E
What is the listing price of this property?
The listing price of 1038 Lake St E property is $4,795,000.
What type of property is this?
The property 1038 Lake St E is a house located in Wayzata, Minnesota, 55391.
Is this property for sale now?
Active Listing: 1038 Lake St E is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1038 Lake St E are: Gleason Lake Elementary School: GreatSchools Rating 7/10Wayzata West Middle School: GreatSchools Rating 7/10Wayzata High School: GreatSchools Rating 9/10
How many bedrooms and bathrooms does this property have?
The property at 1038 Lake St E has 5 bedrooms and 2 full and 1 half bathrooms.
What is the square footage of this property?
The property 1038 Lake St E is 5,402 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1038 Lake St E is 2024.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1038 Lake St E in Wayzata, MN and zip code 55391. This 5,402 square foot home was built in 2024. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since January 29, 2024 and is currently priced at $4,795,000.
In April 2024 more than 5 listings in Wayzata, MN were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 9 were sold below. Between March 2024 and April 2024, Wayzata, MN real estate market has seen increase in the number of listings by 27.4%. In April 2024 median list price was $954,962 and the average listing age was 42 days.
From Rocket Homes Real Estate and based on county public records data.
PGA/LPGA
PGA/LPGA
Symphony or Opera
Figure Skating
Stein Mart
Chico's
Nordstrom Rack
Bonefish Grill
Cracker Barrel
Boston Market
Lincoln
Cadillac
Buick
Classical
Soft Adult Contemporary
Talk/Personality