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  • $708,150

    16515 Prospect Pl, Wayzata, MN 55391

    4beds
    2,494sqft
    Single Family Residence
    Built in 1984
    0.44 Acres Lot
    $727,800 Zestimate®
    $284/sqft
    $5,035 Estimated rent

    Home value

    $727,800

    $670,000 - $786,000

    $5,035/mo

    Zestimate® history
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    What's special

    Relaxed lake-life meets high style and sophistication. Completely updated and remodeled, every detail has been meticulously finished to the highest standards. The open floorplan is filled with natural light and tranquil views. The brand-new kitchen is complete with top-of-the-line stainless steel appliances, professional vent hood, elegant quartz countertops, custom tile backsplash, pot-filler, and beautiful cabinetry that provides thoughtful storage and plenty of space for everything. A separate pantry tops it off perfectly. Don’t miss the built-in coffee station – a custom touch sure to impress the barista in your home! Modern LVP floors flow seamlessly throughout the kitchen, living, and dining areas. The main floor private owner’s suite showcases two separate closets, double vanities, and separate shower. A seated makeup vanity completes the private bath suite. The second bedroom and full bath are also located on the main floor. Enjoy cozy evenings by the wood-burning fireplace located in the main floor living room, perfect for creating memorable moments with family and friends. Two dining options include a large eat-in kitchen with built-in banquette seating or you may prefer the casual dining space adjacent to the living room. The daylight basement offers additional living spaces including 2 bedrooms another ¾ bath, an office and a generous family room with daylight views of the nearly ½ acre yard. The charming wine bar just off the family room is sure to delight. Situated on a large homesite with mature trees, this home also offers a screened gazebo creating a delightful opportunity for entertaining or relaxing. The oversized garage offers plenty of space for your vehicles and storage needs. Location is everything, and this home delivers! Just a short walk to the picturesque trails of Lake Minnetonka and only one block from the charming Libbs Lake. Close to Lake Minnetonka recreation, grocery stores, dining options and world-class schools.

    Zillow last checked: 8 hours ago

    Listing updated: July 02, 2025 at 04:49pm

    Listed by:

    Gregg M Murray 952-334-2333,

    eXp Realty

    Bought with:

    Allison Errickson

    Edina Realty, Inc.

    Cassie L Frick

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6700794MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 1
    • 3/4 bathrooms: 2
    Bedroom 1
    • Level: Main
    • Area: 196 Square Feet
    • Dimensions: 14x14
    Bedroom 2
    • Level: Main
    • Area: 154 Square Feet
    • Dimensions: 14x11
    Bedroom 3
    • Level: Lower
    • Area: 182 Square Feet
    • Dimensions: 14x13
    Bedroom 4
    • Level: Lower
    • Area: 182 Square Feet
    • Dimensions: 14x13
    Family room
    • Level: Lower
    • Area: 238 Square Feet
    • Dimensions: 17x14
    Kitchen
    • Level: Main
    • Area: 200 Square Feet
    • Dimensions: 20x10
    Laundry
    • Level: Lower
    • Area: 60 Square Feet
    • Dimensions: 5x12
    Living room
    • Level: Main
    • Area: 234 Square Feet
    • Dimensions: 18x13
    Office
    • Level: Lower
    • Area: 99 Square Feet
    • Dimensions: 11x9
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Washer, Water Softener Owned
    Features
    • Basement: Daylight,Finished
    • Number of fireplaces: 1
    • Fireplace features: Living Room
    Interior area
    • Total structure area: 2,494
    • Total interior livable area: 2,494 sqft
    • Finished area above ground: 1,247
    • Finished area below ground: 1,235

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached, Asphalt, Garage Door Opener
    • Attached garage spaces: 2
    • Has uncovered spaces: Yes
    • Details: Garage Dimensions (26x24), Garage Door Height (0), Garage Door Width (0)
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Pool features: None
    Lot
    • Size: 0.44 Acres
    • Dimensions: 199 x 156 x 233 x 35
    • Features: Corner Lot, Many Trees
    Details
    • Additional structures: Gazebo, Storage Shed
    • Foundation area: 1247
    • Parcel number: 1711722130065
    • Zoning description: Residential-Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Brick/Stone, Fiber Cement, Frame
    • Roof: Age Over 8 Years,Asphalt
    Condition
    • Age of Property: 41
    • New construction: No
    • Year built: 1984

    Utilities & green energy

    • Electric: 200+ Amp Service, Power Company: Xcel Energy
    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & neighborhood

    Location
    • Region: Wayzata
    • Subdivision: Thorpe Bros Groveland Shores

    HOA & financial

    HOA
    • Has HOA: No

    Price history

    DateEventPrice
    6/30/2025Sold$708,150+1.2%$284/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6700794
    4/21/2025Pending sale$699,900$281/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6700794
    4/10/2025Listed for sale$699,900+62.8%$281/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6700794
    8/29/2022Sold$430,000-2.1%$172/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6216078
    8/11/2022Pending sale$439,000$176/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6216078

    Public tax history

    YearProperty taxesTax assessment
    2025$6,673 +19.9%$523,000 +3%
    2024$5,567 +3.4%$507,800 +13.6%
    2023$5,383 +7.1%$447,200 +4.2%

    Find assessor info on the county website

    Neighborhood: 55391

    Nearby schools

    GreatSchools rating
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    Estimated market value

    $727,800

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $727,800