585A Ferndale Road N, Wayzata, MN 55391 (MLS# 6370974)


$1,695,000
585A Ferndale Road N
Wayzata, MN 55391
MLS# 6370974
Status: Closed



585A Ferndale Road N, Wayzata, MN 55391
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585A Ferndale Road N, Wayzata, MN 55391 585A Ferndale Road N, Wayzata, MN 55391 585A Ferndale Road N, Wayzata, MN 55391 585A Ferndale Road N, Wayzata, MN 55391 585A Ferndale Road N, Wayzata, MN 55391 585A Ferndale Road N, Wayzata, MN 55391 585A Ferndale Road N, Wayzata, MN 55391

Property Description
Once in a lifetime gem! This is a truly rare opportunity to own a nearly 5-acre private building site overlooking Lake Lydiard in walking distance of Wayzata! If you love nature, privacy, and convenience, this is where your new dream home can be built! This home and site are tucked away in a wonderful neighborhood at the end of a nearly hidden driveway. The property has never been offered for sale in the last 50 years, and as such it is really an extraordinarily rare opportunity. The existing cottage house is loaded with charm but is likely a tear down as the value is in the land. There are historic elements of the home that could be repurposed. There is a wonderful trail that meanders around this private lake and of course the lake is known for its great quality fishing. There is wildlife galore, and this peaceful setting enjoys spectacular sunsets. You can bring your own builder. We are awaiting final revised survey that will show the building pad and septic sites.

Details
Maps
Contract Information
Status: Closed
Off Market Date: 2023-09-15
Contingency: None
Current Price: 1675000
Closed Date: 2023-10-05
Original List Price: 1998000
Sales Close Price: 1675000
ListPrice: 1695000
List Date: 2023-05-22
Owner is an Agent?: No
Auction?: No
General Property Information
Comp Sale YN: No
Development: No
Drainage: Natural Type
Lot Measurement: Acres
Multiple PIDs?: Yes
Plat Recorded: No
Road Btwn WF & Home?: No
Waterfront YN: No
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Lot Dimensions: 465x471x427x466
Acres: 4.81
Lake/Waterfront Name: Lydiard
Assessment Pending: Unknown
Location Tax and Other Information
House Number: 585A
Street Name: Ferndale
Street Suffix: Road
Street Direction Suffix: N
Postal City: Wayzata
County: Hennepin
State: MN
Zip Code: 55391
Additional Parcels Information
Property ID #2: 361182311009
Assessments
Tax With Assessments: 5140
Builder Information
Builder Restrictions: Open
Lake Details
Lake Acres: 12
Lake Depth: 52
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: Yes
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 23
Section#: 36
Township#: 118
Property Features
Assumable Loan: Not Assumable
Available Utilities: Broadband Available; Cable Available; Electricity Available; Phone Available; Private Well Available; Private Well Connected
Development Status: Raw Land
Existing Financing: Cash
Financing Terms: Cash
Improvements: Paved Streets
Land Inclusions: For Sale Sign; Survey; Survey Stakes
Lot Description: Irregular Lot
Outbuildings: Additional Garage
Property SubType: Residential Lot
Road Frontage: Private Road
Road Responsibility: Public Maintained Road
Sale Options: Sell Entirely
Sellers Terms: Cash; Conventional
Topography: Gently Rolling; Wooded; High Ground; Low Land; Sloped

Listing Office: Coldwell Banker Realty

Last Updated: June - 03 - 2025

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. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

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