This property features every wonderful aspect of lake living that one can dream of. A short walk to the village of Wayzata, a cozy yet sophisticated cottage that has been impeccably maintained. Hidden by enchanting landscaping, stunning gardens and river rock walls, the interior spaces are relaxed, timeless and focused entirely by magical views of Peavey Pond. If you seek privacy, serenity and astounding views, all within this amazing location, this home is for you. Please note that the third bedroom doubles as a family room and the Murphy bed is easily accessible.
Closed
$3,500,000
513 Ferndale Rd W, Wayzata, MN 55391
3beds
4,707sqft
Single Family Residence
Built in 1966
1.14 Acres Lot
$3,517,600 Zestimate®
$744/sqft
$7,848 Estimated rent
Home value
$3,517,600
$3.24M - $3.83M
$7,848/mo
Zestimate® history
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Zillow last checked: 7 hours ago
Listing updated: July 11, 2025 at 10:50am
Listed by:
Debbie McNally 612-388-1790,
Lakes Sotheby's International,
Heather O'Connor 612-598-1889
Bought with:
Andrew Spilseth
Compass
T. Cody Turnquist
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6695378
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 1
- 3/4 bathrooms: 2
- 1/2 bathrooms: 1
Bedroom 1
- Level: Main
- Area: 378 Square Feet
- Dimensions: 21x18
Bedroom 2
- Level: Main
- Area: 182 Square Feet
- Dimensions: 14x13
Bedroom 3
- Level: Lower
- Area: 312 Square Feet
- Dimensions: 24x13
Deck
- Level: Main
- Area: 176 Square Feet
- Dimensions: 22x08
Deck
- Level: Main
- Area: 84 Square Feet
- Dimensions: 12x07
Dining room
- Level: Main
- Area: 154 Square Feet
- Dimensions: 14x11
Exercise room
- Level: Lower
- Area: 210 Square Feet
- Dimensions: 21x10
Kitchen
- Level: Main
- Area: 266 Square Feet
- Dimensions: 19x14
Kitchen 2nd
- Level: Lower
- Area: 104 Square Feet
- Dimensions: 13x08
Laundry
- Level: Lower
- Area: 91 Square Feet
- Dimensions: 13x07
Living room
- Level: Main
- Area: 483 Square Feet
- Dimensions: 23x21
Mud room
- Level: Main
- Area: 56 Square Feet
- Dimensions: 08x07
Sun room
- Level: Main
- Area: 168 Square Feet
- Dimensions: 14x12
Heating
- Forced Air, Radiant Floor
Cooling
- Central Air
Appliances
- Included: Air-To-Air Exchanger, Dishwasher, Disposal, Dryer, Exhaust Fan, Humidifier, Microwave, Range, Refrigerator, Washer, Water Softener Owned, Wine Cooler
Features
- Basement: Drain Tiled,Finished,Sump Pump,Walk-Out Access
- Number of fireplaces: 2
- Fireplace features: Gas, Living Room, Primary Bedroom, Wood Burning
Interior area
- Total structure area: 4,707
- Total interior livable area: 4,707 sqft
- Finished area above ground: 2,750
- Finished area below ground: 1,438
Property
Parking
- Total spaces: 3
- Parking features: Attached, Garage Door Opener, Heated Garage, Tuckunder Garage
- Attached garage spaces: 3
- Has uncovered spaces: Yes
- Details: Garage Dimensions (29x25)
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Awning(s), Deck, Patio
- Has private pool: Yes
- Pool features: In Ground, Heated, Outdoor Pool
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Dock, Lake Front, Lake View, Waterfront Elevation(0-4), Waterfront Num(27013300), Lake Acres(14205), Lake Depth(113)
- Body of water: Minnetonka
- Frontage length: Water Frontage: 235
Lot
- Size: 1.14 Acres
- Dimensions: 259 x 228 x 143 x 250
- Features: Irregular Lot, Many Trees
Details
- Foundation area: 2750
- Parcel number: 0111723340011
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick/Stone, Wood Siding
- Roof: Shake,Age 8 Years or Less,Wood
Condition
- Age of Property: 59
- New construction: No
- Year built: 1966
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Wayzata
HOA & financial
HOA
- Has HOA: No
Price history
| Date | Event | Price |
|---|---|---|
| 7/11/2025 | Sold | $3,500,000-9%$744/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6695378 Report a problem | ||
| 5/22/2025 | Pending sale | $3,845,000$817/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6695378 Report a problem | ||
| 5/5/2025 | Price change | $3,845,000-9.5%$817/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6695378 Report a problem | ||
| 4/14/2025 | Listed for sale | $4,250,000-10.5%$903/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6695378 Report a problem | ||
| 8/12/2024 | Listing removed | $4,750,000$1,009/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6567742 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $34,309 +15.8% | $3,055,700 +3.4% |
| 2024 | $29,636 -13.6% | $2,955,700 +10.5% |
| 2023 | $34,315 -4.2% | $2,675,400 -7.6% |
Find assessor info on the county website
Neighborhood: 55391
Nearby schools
GreatSchools rating
- 8/10Gleason Lake Elementary SchoolGrades: K-5Distance: 2.2 mi
- 8/10Wayzata West Middle SchoolGrades: 6-8Distance: 1.2 mi
- 10/10Wayzata High SchoolGrades: 9-12Distance: 5.7 mi
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Estimated market value
$3,517,600
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
$3,517,600
- Minnesota
- Hennepin County
- Wayzata
- 55391
- 513 Ferndale Rd W