Closed
$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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Owner options
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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#: 6700794
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
| Date | Event | Price |
|---|---|---|
| 6/30/2025 | Sold | $708,150+1.2%$284/sqft |
Source: | ||
| 4/21/2025 | Pending sale | $699,900$281/sqft |
Source: | ||
| 4/10/2025 | Listed for sale | $699,900+62.8%$281/sqft |
Source: | ||
| 8/29/2022 | Sold | $430,000-2.1%$172/sqft |
Source: | ||
| 8/11/2022 | Pending sale | $439,000$176/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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
- 10/10Groveland Elementary SchoolGrades: K-5Distance: 0.5 mi
- 8/10Minnetonka East Middle SchoolGrades: 6-8Distance: 1 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 2.6 mi
Get a cash offer in 3 minutes
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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
