Amazing opportunity to own investment property for future development. The property currently has a large 2-story home (septic and well), 40x70 pole barn with large doors, tillable land, and beautiful wetlands. Nearly 22 acres of land, and all this minutes from parks, downtown Hamel, Highway 55 with shopping and restaurants. The property is in Wazyata Schools and is 15 minutes from downtown Minneapolis or Lake Minnetonka (downtown Wayzata). Ideal investment property with passive rental income (tillable land and rental home/building). The property is zoned Rural Residential Urban Reserve and Guided in the Comprehensive Plan for sewer and water with a development of a mix of multi-family and single family homes. This is an Estate Sale sold AS-IS, WHERE IS. Do not enter property without listing broker.
Closed
$1,650,000
222 Medina Rd, Wayzata, MN 55391
--beds
--baths
20.78Acres
Unimproved Land
Built in ----
20.78 Acres Lot
$-- Zestimate®
$--/sqft
$5,537 Estimated rent
Home value
Not available
Estimated sales range
Not available
$5,537/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Rose A Lorsung 952-457-7641,
Recreate Real Estate LLC
Bought with:
Rose A Lorsung
Recreate Real Estate LLC
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6342792
Facts & features
Interior
Features
- Has basement: No
Property
Lot
- Size: 20.78 Acres
- Dimensions: 1390 x 904 x 1330 x 520
- Features: Corner Lot, Suitable for Horses, Tree Coverage - Light
- Topography: Rolling
Details
- Additional structures: Pole Building
- Additional parcels included: 1311823410004
- Parcel number: 1311823410005
- Zoning description: Residential-Multi-Family,Residential-Single Family
Utilities & green energy
- Utilities for property: Cable Available, Cable Connected, Electricity Connected, Natural Gas Available, Natural Gas Connected, Private Septic Connected, Private Well Connected, Sewer Available, Phone Available, Phone Connected
Community & HOA
Community
- Features: No
HOA
- Has HOA: No
Location
- Region: Wayzata
Financial & listing details
- Tax assessed value: $1,033,200
- Annual tax amount: $9,833
- Date on market: 3/18/2024
- Inclusions: Abstract
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 5/31/2024 | Sold | $1,650,000-13.2% |
Source:  NorthstarMLS as distributed by MLS GRID #6342792 Report a problem | ||
| 5/17/2024 | Pending sale | $1,900,000 |
Source: NorthstarMLS as distributed by MLS GRID #6505563 Report a problem | ||
| 3/18/2024 | Price change | $1,900,000-52.5% |
Source: NorthstarMLS as distributed by MLS GRID #6342792 Report a problem | ||
| 3/15/2023 | Listed for sale | $3,999,000 |
Source: NorthstarMLS as distributed by MLS GRID #6342792 Report a problem | ||
| 9/6/2022 | Listing removed | -- |
Source: NorthstarMLS as distributed by MLS GRID #6072520 Report a problem | ||
| 7/29/2021 | Listed for sale | $3,999,000 |
Source: NorthstarMLS as distributed by MLS GRID #6072520 Report a problem | ||
| 5/17/2021 | Listing removed | -- |
Source: NorthstarMLS as distributed by MLS GRID #5231926 Report a problem | ||
| 12/11/2020 | Listed for sale | $3,999,000 |
Source: NorthstarMLS as distributed by MLS GRID #5231926 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,485 +3.9% | $1,033,200 +1.7% |
| 2024 | $8,165 -0.4% | $1,016,000 -0.1% |
| 2023 | $8,197 +9.2% | $1,017,200 +2.7% |
| 2022 | $7,503 +5% | $990,700 +14.7% |
| 2021 | $7,145 -33.2% | $863,800 +68.4% |
| 2020 | $10,699 +49.7% | $513,000 -37.7% |
| 2019 | $7,145 -33.2% | $824,000 +66.1% |
| 2018 | $10,699 +41.1% | $496,000 -44.4% |
| 2017 | $7,582 -0.5% | $892,400 +2.1% |
| 2016 | $7,622 +0% | $874,300 +8.6% |
| 2015 | $7,621 +5.8% | $805,300 +1.4% |
| 2014 | $7,201 -10.5% | $794,400 -12.8% |
| 2013 | $8,047 +4.8% | $911,400 -0.2% |
| 2012 | $7,675 -0.5% | $913,400 -9.5% |
| 2011 | $7,713 +0.4% | $1,009,400 -6.5% |
| 2010 | $7,680 +9.4% | $1,079,400 +8.4% |
| 2009 | $7,020 +15.9% | $995,800 +34.8% |
| 2006 | $6,055 +19.4% | $738,700 +22.1% |
| 2005 | $5,069 +11.9% | $604,800 +24.3% |
| 2004 | $4,532 +8.1% | $486,400 +14.6% |
| 2002 | $4,193 -43.5% | $424,400 |
| 2001 | $7,426 | -- |
Find assessor info on the county website
Neighborhood: 55391
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Nearby schools
GreatSchools rating
- 8/10Greenwood Elementary SchoolGrades: K-5Distance: 0.7 mi
- 9/10Wayzata West Middle SchoolGrades: 6-8Distance: 3.6 mi
- 10/10Wayzata High SchoolGrades: 9-12Distance: 1.3 mi
- Minnesota
- Hennepin County
- Medina
- 55391
- 222 Medina Rd
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