540 Indian Mound St E, Unit 4B

Wayzata, MN 55391

$3,600,000
Last Sold Price
3
Beds
2,700 Sq. Ft.
$1,333 / Sq. Ft.
2,700
Sq. Ft.
$1,333
per Sq. Ft.

Description

Come see this once in a lifetime opportunity to own a premier condo in downtown Wayzata.  Enjoy spectacular panoramic views of Wayzata Bay on Lake Minnetonka.  This sun-filled south facing property offers an open layout with picturesque views of the lake and access to the patio from almost every room! This beautiful top floor unit was completely renovated with a designer and includes all high-end finishes. The gourmet kitchen offers an extra-large island with bar seating for kitchen gatherings, stone...Come see this once in a lifetime opportunity to own a premier condo in downtown Wayzata.  Enjoy spectacular panoramic views of Wayzata Bay on Lake Minnetonka.  This sun-filled south facing property offers an open layout with picturesque views of the lake and access to the patio from almost every room! This beautiful top floor unit was completely renovated with a designer and includes all high-end finishes. The gourmet kitchen offers an extra-large island with bar seating for kitchen gatherings, stone counters, high-end appliances, Sub-Zero fridge, Wolf range, and custom lighting. Updates include hardwood floors, heated tile in bathroom floors, gas fireplaces, formal living & dining areas, and a family room off of the kitchen. Enjoy the lake view from 72 feet of patio with views from every angle that sits above the only residential green space on Lake Street.  This condo is located in a prime location within Wayzata with walkability to local restaurants, shops & the beach!
  1. Listed by Mark P. Abdel • RE/MAX Advantage Plus

Property Details for 540 Indian Mound Street East, Unit 4B

Subdivision Name
Condo 0110 Wayzata Place Condo
View
Lake, South
Waterfront Features
Lake View, Other
Waterfront YN
No
Zoning Jurisdiction
Residential-Single Family
LISTING UPDATED: 05/06/2025 03:14 AM

Property Details for 540 Indian Mound Street East, Unit 4B

StatusClosed
MLS #6377570
Days on Compass3
Taxes$23,141 / year
HOA Fees$1,916 / month
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / High Rise
Year Built1979
Lot Size0.06 AC / 2,613 SF
CountyHennepin County

Location

Listing Courtesy of RE/MAX Advantage Plus

Sold By Compass

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Building Information for 540 Indian Mound Street East, Unit 4B

Stories-Residences-Year Built1979Building Size-Lot Size0.06 AC / 2,613 SF

Payment Calculator

$22,706 per month

30 year fixed, 6.845% Interest

Principal and Interest

$18,862

Property Taxes

$1,928

HOA Dues

$1,916

The Payment Calculator is for illustrative purposes only.

Property Information for 540 Indian Mound Street East, Unit 4B

Summary
Location and General Information
  • City Name: Wayzata
  • County Or Parish: Hennepin
  • County: Hennepin-MN
  • Directions: Lake St to Mtka Ave to Indian Mound
  • Latitude: 44.970321
  • Longitude: -93.514114
  • Nbr of Acres: 14205
  • Lake Chain: N
  • Lake Name: General Development
  • PLAT: 113
  • Map Coordinate: 104-B3
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Wayzata
  • City and Location Text: Wayzata(MN)
  • Postal Code: 55391
  • State Or Province: MN
  • Public Survey Township: 117
  • Complex Name: Minnetonka
  • Waterfront Footage: 27013300
Taxes and HOA Information
  • Additional Parcels: No
  • Association Fee: $1,916.00
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Maintenance Structure, Gas, Hazard Insurance, Heating, Lawn Care, Maintenance Grounds, Parking, Professional Mgmt, Trash, Shared Amenities, Snow Removal, Water
  • Association Name: RowCal
  • Association Phone: 651-233-1307
  • Association: Yes
  • Parcel Number: 0611722310077
  • Tax Annual Amount: $23,141.00
  • Tax Legal Description: CONDO NO 0110 WAYZATA PLACE CONDO APT NO 24
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2022
  • Tax With Assessments: 23141.0000
School Information
  • High School District: 284 - Wayzata
  • School District Number: 284
  • School District Phone: 763-745-5000
Property
Lot Information
  • Above Grade Fin SQFT: 2700.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 2700.0
  • Lot Features: Some Trees
  • Lot Size Area: 0.06
  • Lot Size Dimensions: 0
  • Lot Size Square Feet: 2570.04
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Attached: Yes
  • Property Sub Type: High Rise
  • Property Type: Residential
  • SQFT Main Total: 2700.0000
  • Building Area Total: 2700.0
  • Above Grade SqFt Total: 2700.0000
  • Below Grade SqFt Total: 0.0000
Property and Assessments
  • Age Of Property: 46
Utilities
  • Electric: Circuit Breakers
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: Accessible Elevator Installed
  • Association Amenities: In-Ground Sprinkler System, Lobby Entrance, Security
  • Fencing: Partial
  • Foundation Area: 2700.0
  • Fuel: Natural Gas
  • Pool Features: None
  • Road Frontage Type: City Street, Paved Streets, Sidewalks
  • Roof: Flat, Rubber
  • Patio Porch Type: Porch
Interior Features
  • Appliances: Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Gas Water Heater, Water Osmosis System, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer, Water Softener Owned
  • Basement Type: None
  • Amenities Unit: Balcony,Cable,Deck,Ethernet Wired,Exercise Room,Hardwood Floors,Intercom System,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Natural Woodwork,Porch,Panoramic View,In-Ground Sprinkler,Tile Floors,Washer/Dryer Hookup,Walk-In Closet
  • Bath Desc: Two Primary Baths,3/4 Primary,Double Sink,Private Primary,Main Floor 1/2 Bath,Main Floor 3/4 Bath
  • Bathrooms Full: 0
  • Bathrooms Half: 1
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 2
  • Bathrooms Total Count: 3
  • Bedrooms Total: 3
  • Fireplace Features: Family Room, Gas, Living Room
  • Fireplaces Total: 2
  • FireplaceYN: Yes
  • Cooling: Central Air
  • Dining Room Description: Breakfast Area,Eat In Kitchen,Kitchen/Dining Room,Living/Dining Room,Separate/Formal Dining Room
  • Garage Stall Num: 31 & 37
  • Heating: Baseboard, Hot Water, Radiant Floor
  • Levels: One
  • Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Deck
  • Room List: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Deck
  • Basement YN: No
Room Information
Room 1
  • Room Dimensions: 17x13
  • Room Level: Main
  • Room Type: Living Room
Room 2
  • Room Dimensions: 16x13
  • Room Level: Main
  • Room Type: Dining Room
Room 3
  • Room Dimensions: 13x16
  • Room Level: Main
  • Room Type: Family Room
Room 4
  • Room Dimensions: 17x14
  • Room Level: Main
  • Room Type: Kitchen
Room 5
  • Room Dimensions: 19x14
  • Room Level: Main
  • Room Type: Bedroom 1
Room 6
  • Room Dimensions: 13x11
  • Room Level: Main
  • Room Type: Bedroom 2
Room 7
  • Room Dimensions: 10x15
  • Room Level: Main
  • Room Type: Bedroom 3
Room 8
  • Room Dimensions: 72x8
  • Room Level: Main
  • Room Type: Deck

Property History for 540 Indian Mound Street East, Unit 4B

DateEvent & SourcePriceAppreciation
May 16, 2025

Off Market

NorthStar #4769205

Jul 17, 2023

Sold

NorthStar #6377570

$3,600,000
Jul 14, 2023

Pending

NorthStar #6377570

Jul 12, 2023

Sold (Public Record)

Public Record #1514816969

$3,600,000

+14.2% / yr

May 31, 2023

Listed (Active)

NorthStar #6377570

$3,500,000
Nov 30, 2016

Sold (Public Record)

Public Record #584395245

$1,500,000

+26.2% / yr

Nov 29, 2016

Sold

NorthStar #4769205

$1,500,000
Oct 12, 2016

Off Market

NorthStar #4769205

Oct 11, 2016

Listed (Active)

NorthStar #4769205

$1,500,000
Oct 10, 2016

Pending

NorthStar #4769205

Oct 10, 2016

Listed (Active)

NorthStar #4769205

$1,500,000
Oct 30, 2015

Sold (Public Record)

Public Record #559858606

$1,164,706

-8.3% / yr

Feb 28, 2014

Sold

Lake Superior Area REALTORS #2143727

$1,350,000
Feb 28, 2014

Sold

NorthStar #4451131

$1,350,000
Feb 28, 2014

Pending

Lake Superior Area REALTORS #2143727

Feb 28, 2014

Pending

NorthStar #4451131

Feb 28, 2014

Listed (Active)

Lake Superior Area REALTORS #2143727

$1,350,000
Feb 27, 2014

Sold

NorthStar #4451131

$1,350,000
Feb 27, 2014

Pending

NorthStar #4451131

Feb 11, 2014

Sold (Public Record)

Public Record #411467852

$1,350,000
Feb 11, 2014

Sold (Public Record)

Public Record #411467852

$1,350,000
DateEvent & SourcePrice
05/16/2025

Off Market

NorthStar #4769205

07/17/2023

Sold

NorthStar #6377570

$3,600,000
07/14/2023

Pending

NorthStar #6377570

07/12/2023

Sold (Public Record)

Public Record #1514816969

$3,600,000

+14.2% / yr

05/31/2023

Listed (Active)

NorthStar #6377570

$3,500,000
11/30/2016

Sold (Public Record)

Public Record #584395245

$1,500,000

+26.2% / yr

11/29/2016

Sold

NorthStar #4769205

$1,500,000
10/12/2016

Off Market

NorthStar #4769205

10/11/2016

Listed (Active)

NorthStar #4769205

$1,500,000
10/10/2016

Pending

NorthStar #4769205

10/10/2016

Listed (Active)

NorthStar #4769205

$1,500,000
10/30/2015

Sold (Public Record)

Public Record #559858606

$1,164,706

-8.3% / yr

02/28/2014

Sold

Lake Superior Area REALTORS #2143727

$1,350,000
02/28/2014

Sold

NorthStar #4451131

$1,350,000
02/28/2014

Pending

Lake Superior Area REALTORS #2143727

02/28/2014

Pending

NorthStar #4451131

02/28/2014

Listed (Active)

Lake Superior Area REALTORS #2143727

$1,350,000
02/27/2014

Sold

NorthStar #4451131

$1,350,000
02/27/2014

Pending

NorthStar #4451131

02/11/2014

Sold (Public Record)

Public Record #411467852

$1,350,000
02/11/2014

Sold (Public Record)

Public Record #411467852

$1,350,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 540 Indian Mound Street East, Unit 4B

Taxable ValueLand$1,521,000Additions$1,360,200Total$2,881,200
Tax Record2025$35,758 ($2,980 / month)
Home Facts
Beds3Baths2.8Total Finished SqFt2,600 SqFtAbove Grade Finished SqFt2,600 SqFtStories1Lot Size2,600 SqFtStyleCondominiumYear Built1979Year Renovated2015CountyHENNEPINAPN06-117-22-31-0077Fireplace TypeHas Fireplace

Schools near 540 Indian Mound Street East, Unit 4B

This home is within Wayzata Public School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Gleason Lake Elementary School
PublicK to 5

Wayzata West Middle School
Public6 to 8

Wayzata High School
Public9 to 12

Central Middle Alternative (Cmap)
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of RE/MAX Advantage Plus

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 07/11/2025 07:56 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.