540 Indian Mound Street, 1A, Wayzata, MN 55391 (MLS# 7047326)


$1,595,000
540 Indian Mound Street, 1A
Wayzata, MN 55391
MLS# 7047326
2 beds  |  2 baths  |  1800 sqft


540 Indian Mound Street, 1A, Wayzata, MN 55391
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Property Description
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!

Details
Maps
Contract Information
Status: Active
Contingency: None
Current Price: 1595000
Original List Price: 1795000
ListPrice: 1595000
List Date: 2026-04-06
Owner is an Agent?: No
Auction?: No
General Property Information
Assoc Mgmt Co. Phone #: 952-210-3383
Association Fee Frequency: Monthly
Association Mgmt Co. Name: Elliman Management
Common Wall: Yes
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 1
Waterfront Present: No
Year Built: 1979
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bedrooms: 2
Baths Total: 2
Bath Full: 2
Main Floor Total SqFt: 1800
Above Grd Total SqFt: 1800
Total SqFt: 1800
Total Finished Sqft: 1800.00
FireplaceYN: Yes
Lake/Waterfront Name: Minnetonka
Style: (CC) High Rise (4+ Levels)
Foundation Size: 1800
Association Fee: 1453
Garage Stalls: 1
Lot Dimensions: Common
Assessment Pending: No
Location Tax and Other Information
House Number: 540
Street Name: Indian Mound
Street Suffix: Street
Unit Number: 1A
Postal City: Wayzata
County: Hennepin
State: MN
Zip Code: 55391
Assessments
Tax With Assessments: 15542.48
Building Information
Finished SqFt Above Ground: 1800
Lake Details
Lake Acres: 14205
Lake Depth: 113
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: Yes
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 22
Section#: 06
Township#: 117
Property Features
Accessible: None
Air Conditioning: Central Air
Amenities Unit: Ceiling Fan(s); Hardwood Floors; Main Floor Primary Bedroom; Paneled Doors; Panoramic View; Patio; Porch; Tile Floors; Walk-In Closet; Washer/Dryer Hookup
Appliances: Dishwasher; Disposal; Dryer; Freezer; Microwave; Range; Refrigerator; Washer
Association Fee Includes: Building Exterior; Hazard Insurance; Lawn Care; Outside Maintenance; Parking Space; Professional Mgmt; Sanitation; Shared Amenities; Snow Removal; Water
Basement: None
Bath Description: Full Primary; Walk-In Shower Stall
Construction Status: Previously Owned
Dining Room Description: Informal Dining Room
Exterior: Brick/Stone
Family Room Characteristics: Main Level
Fireplace Characteristics: Gas Burning; Living Room
Fuel: Natural Gas
Heating: Hot Water
Laundry: In Unit; Main Level; Washer Hookup
Lock Box Type: None
Parking Characteristics: Heated Garage
Pool Description: None
Road Frontage: City Street; Curbs; Paved Streets; Sidewalks
Road Responsibility: Private Maintained Road
Roof: Other
Sellers Terms: Cash; Conventional; FHA
Sewer: City Sewer/Connected
Shared Rooms: Exercise Room; Guest Suite
Special Search: Main Floor Bedroom; Main Floor Laundry; Main Floor Primary
Stories: One
Water: City Water/Connected
Waterfront View: Lake
Room Information
Room Name Dimensions Level
Dining Room09x09Main
First (1st) Bedroom17x12Main
Kitchen12x09Main
Laundry14x05Main
Living Room23x19Main
Office14x11Main
Screened Porch19x08Main
Second (2nd) Bedroom13x10Main

Listing Office: Lakes Sotheby's International

Last Updated: April - 29 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Monday 1st of June 2026 06:27 AM

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