Introducing Lake Point Estate in Wayzata, MN. A newly completed lakefront residence that redefines
legacy living on Minnesota’s most iconic shoreline. Set upon private, gated grounds with commanding west-facing frontage, this extraordinary property was envisioned as a fully realized compound of architectural distinction and enduring beauty. It represents one of the rarest opportunities in the Midwest and on Lake Minnetonka. The main residence, in close relationship with two guest houses, a pool house, lake porch, and boathouse, form a cohesive lakeside retreat designed for grand entertaining and potential for multi-generational living. Every structure reflects the collective vision of an acclaimed team: John Kraemer & Sons, TEA2 Architects, PKA Architecture, MartinPatrick 3, and Topo Landscape Architecture. The result is an uncompromising expression of craftsmanship and design integrity. Imported stone, custom metalwork, and precision millwork converge with thoughtful modern comfort. Offered fully furnished and curated to the last detail, the estate balances artistry and livability. From its stocked chef’s kitchen to expansive lakeside terraces overlooking 650 feet of shoreline along the lower-lake basin, every element reflects a singular commitment to excellence. More than a residence, Lake Point stands as a landmark offering for discerning collectors of architecture and lifestyle. Without questions, this is a once-in-a-generation opportunity to own one of the most significant estates on Lake Minnetonka.
Active
$50,000,000
2770 Gale Rd, Wayzata, MN 55391
8beds
28,990sqft
Est.:
Single Family Residence
Built in 2024
8 Acres Lot
$-- Zestimate®
$1,725/sqft
$-- HOA
What's special
- 32 days |
- 26,694 |
- 1,000 |
Zillow last checked: 8 hours ago
Listing updated: February 10, 2026 at 08:51am
Listed by:
Lindsay Bacigalupo 763-350-0022,
Engel & Volkers Minneapolis Downtown,
Christine K Smith 763-218-9442
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6812564
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 18
- Full bathrooms: 4
- 3/4 bathrooms: 7
- 1/2 bathrooms: 7
Bedroom
- Level: Main
- Area: 620 Square Feet
- Dimensions: 20x31
Dining room
- Level: Main
- Area: 496 Square Feet
- Dimensions: 16x31
Family room
- Level: Main
- Area: 704 Square Feet
- Dimensions: 22x32
Foyer
- Level: Main
- Area: 418 Square Feet
- Dimensions: 11x38
Great room
- Level: Main
- Area: 1170 Square Feet
- Dimensions: 26x45
Informal dining room
- Level: Main
- Area: 434 Square Feet
- Dimensions: 14x31
Kitchen
- Level: Main
- Area: 558 Square Feet
- Dimensions: 18x31
Office
- Level: Main
- Area: 288 Square Feet
- Dimensions: 18x16
Heating
- Boiler, Dual Fuel/Off Peak, Forced Air, Geothermal, Hot Water, In-Floor Heating, Radiant, Zoned
Cooling
- Dual, Geothermal, Zoned
Appliances
- Included: Chandelier, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Freezer, Water Osmosis System, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Wall Oven, Washer, Wine Cooler
- Laundry: Laundry Closet, Lower Level, Laundry Room, Main Level, Upper Level
Features
- Basement: Drain Tiled,Drainage System,Finished,Concrete,Storage Space,Walk-Out Access
- Number of fireplaces: 2
- Fireplace features: Living Room, Other
Interior area
- Total structure area: 28,990
- Total interior livable area: 28,990 sqft
- Finished area above ground: 18,800
- Finished area below ground: 10,190
Property
Parking
- Total spaces: 16
- Parking features: Attached, Driveway - Other Surface, Floor Drain, Garage, Garage Door Opener, Heated Garage, Insulated Garage, Multiple Garages
- Attached garage spaces: 16
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Accessible Elevator Installed
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Enclosed, Patio, Porch, Rear Porch, Screened, Terrace, Wrap Around
- Exterior features: Kennel/Dog Run
- Has private pool: Yes
- Pool features: In Ground, Heated, Outdoor Pool
- Fencing: Other
- Has view: Yes
- View description: Bay, Lake, Panoramic, West
- Has water view: Yes
- Water view: Bay,Lake
- Waterfront features: Lake Front, Lake View
- Frontage length: Water Frontage: 655
Lot
- Size: 8 Acres
- Dimensions: 768 x 479 x 715 x 501
- Features: Accessible Shoreline, Tree Coverage - Heavy, Tree Coverage - Medium
Details
- Additional structures: Boat House, Guest House, Other, Pool House
- Foundation area: 17200
- Parcel number: 1211723440012
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Age 8 Years or Less,Pitched,Slate
Condition
- New construction: No
- Year built: 2024
Utilities & green energy
- Gas: Natural Gas
- Sewer: Private Sewer
- Water: Well
Community & HOA
Community
- Subdivision: Registered Land Surv 1072 A
HOA
- Has HOA: No
Location
- Region: Wayzata
Financial & listing details
- Price per square foot: $1,725/sqft
- Tax assessed value: $2,590,000
- Annual tax amount: $288,598
- Date on market: 1/23/2026
- Cumulative days on market: 172 days
Estimated market value
Not available
Estimated sales range
Not available
$2,020/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/28/2026 | Listed for sale | $50,000,000-9.1%$1,725/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6812564 Report a problem | ||
| 11/1/2025 | Listing removed | $55,000,000$1,897/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6722109 Report a problem | ||
| 5/27/2025 | Listed for sale | $55,000,000+572.2%$1,897/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6722109 Report a problem | ||
| 8/20/2015 | Sold | $8,182,663+118.2%$282/sqft |
Source: Agent Provided Report a problem | ||
| 7/18/2013 | Listing removed | $3,750,000$129/sqft |
Source: Lakes Sotheby's International Realty #4046661 Report a problem | ||
| 5/19/2011 | Listed for sale | $3,750,000$129/sqft |
Source: Lakes Sotheby's International Realty #4046661 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2020 | $31,855 | $2,590,000 +7.9% |
| 2019 | $31,855 | $2,400,000 -4.3% |
| 2018 | $31,855 -5.2% | $2,507,000 +2.3% |
| 2017 | $33,618 +1.2% | $2,450,000 -0.3% |
| 2016 | $33,216 -2.2% | $2,458,000 +11.1% |
| 2015 | $33,975 +10.4% | $2,212,000 +4.3% |
| 2014 | $30,771 +4.1% | $2,121,000 |
| 2013 | $29,554 +1.1% | $2,121,000 -3.9% |
| 2012 | $29,223 -1.3% | $2,207,000 -5.9% |
| 2011 | $29,607 +7.7% | $2,345,000 -1.6% |
| 2010 | $27,497 +10.4% | $2,384,000 +5.2% |
| 2009 | $24,916 +49.1% | $2,265,900 +52.7% |
| 2006 | $16,716 +12.1% | $1,484,100 +17.9% |
| 2005 | $14,908 +11.1% | $1,258,500 +17.7% |
| 2004 | $13,414 +8.9% | $1,069,000 +16.2% |
| 2002 | $12,322 -43.6% | $919,600 |
| 2001 | $21,847 | -- |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$306,596/mo
Principal & interest
$257846
Property taxes
$48750
Climate risks
Neighborhood: 55391
Nearby schools
GreatSchools rating
- 10/10Groveland Elementary SchoolGrades: K-5Distance: 1.4 mi
- 8/10Minnetonka East Middle SchoolGrades: 6-8Distance: 2.1 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 3 mi
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