Set along one of the most coveted stretches of Lake Minnetonka shoreline, 535 Bushaway Road presents a rare opportunity to build a world-class luxury lakefront estate in Wayzata, Minnesota. Spanning 2.07 acres with 200 feet of gradual sloping, west-facing lakeshore on Wayzata Bay, this exceptional property captures breathtaking panoramic sunset views and offers the ideal canvas for a custom legacy home. Located just minutes from downtown Wayzata, this premier Bushaway Road address combines privacy, prestige, and walkability via nearby trails to restaurants, marinas, and boutique shopping. The site is open to all builders, allowing buyers to design a fully customized Lake Minnetonka luxury home tailored to their vision. With additional land available for a combined 6.34-acre estate with 540 feet of lakeshore, this offering represents one of the most significant opportunities on Lake Minnetonka. Whether building a modern architectural masterpiece or a timeless lakeside retreat, this property delivers the ultimate in Minnesota luxury real estate, waterfront living, and long-term value in one of the Twin Cities’ most prestigious communities. Three-lot subdivision subject to final plat approval. Lot lines can be adjusted, or the properties may be purchased in their current configuration as two separate properties.
220 days
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Zillow last checked:
Listing updated:
Listed by:
Stickney Real Estate – David Stickney952-250-0122,
Coldwell Banker Realty,
Stickney Real Estate – George Stickney
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6826162
Waterfront features: Dock, Lake Front, Lake View, Waterfront Elevation(10-15), Lake Bottom(Hard, Sand, Excellent Sand)
Frontage length: Water Frontage: 200
Lot
Size: 2.04 Acres
Features: Additional Land Available, Tree Coverage - Medium
Topography: Walkout
Details
Parcel number: 0811722230014
Zoning description: Shoreline,Residential-Single Family
Utilities & green energy
Utilities for property: Cable Available, Electricity Available, Natural Gas Available, None Connected, Sewer Available, Phone Available, Water Available
Community & HOA
Community
Features: No
HOA
Has HOA: No
Location
Region: Wayzata
Financial & listing details
Annual tax amount: $63,381
Date on market: 12/11/2025
Inclusions: Easements, Soil Test Available, Survey, Torrens
Road surface type: Paved
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/1/2026
Price change
$5,395,000-5.3%
Source: NorthstarMLS as distributed by MLS GRID #6826162Report a problem
12/11/2025
Listed for sale
$5,695,000-31.3%
Source: NorthstarMLS as distributed by MLS GRID #6826162Report a problem
12/11/2025
Listing removed
$8,295,000-48%
Source: NorthstarMLS as distributed by MLS GRID #6528723Report a problem
8/11/2025
Price change
$15,950,000-1.5%
Source: NorthstarMLS as distributed by MLS GRID #6769081Report a problem
8/7/2025
Price change
$16,200,000+95.3%
Source: NorthstarMLS as distributed by MLS GRID #6625799Report a problem
8/7/2025
Price change
$8,295,000-50.9%
Source: NorthstarMLS as distributed by MLS GRID #6528723Report a problem
11/1/2024
Price change
$16,900,000+87.9%
Source: NorthstarMLS as distributed by MLS GRID #6625799Report a problem
9/27/2024
Price change
$8,995,000-7.7%
Source: NorthstarMLS as distributed by MLS GRID #6528723Report a problem
5/4/2024
Listed for sale
$9,750,000
Source: NorthstarMLS as distributed by MLS GRID #6528723Report a problem
Hide
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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