Build your dream home with westerly views overlooking Lake Lydiard. Tucked away at the end of a private drive minutes from Wayzata, this exceptional 4.81 acre homesite offers a peaceful, secluded setting with beautiful lake views, spectacular sunsets, and direct access to walking trails that wind through the surrounding natural landscape. The generous site provides the perfect canvas for a custom residence designed to embrace both privacy and the outdoors. This homesite provides opportunity to accommodate many lifestyle ideas, such as a pool, sports court, oversized garage, detached garage for car collectors, etc. Enjoy the convenience of downtown Wayzata's renowned restaurants, shops, and Lake Minnetonka amenities while experiencing the tranquility of a setting that feels worlds away. Offering a rare blend of natural beauty, privacy, and accessibility, this is an exceptional opportunity to create a truly remarkable home in one of the area's most desirable locations.
Active
$2,595,000
585 Ferndale Rd N, Wayzata, MN 55391
--beds
--baths
4.81Acres
Unimproved Land
Built in 1900
4.81 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Spectacular sunsetsGenerous siteSurrounding natural landscapeBeautiful lake viewsPeaceful secluded setting
- 30 days |
- 296 |
- 11 |
Zillow last checked:
Listing updated:
Listed by:
Kyle H Hunt 612-369-2836,
Coldwell Banker Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7089111
Facts & features
Interior
Features
- Has basement: No
Property
Features
- Fencing: None
Lot
- Size: 4.81 Acres
- Dimensions: 460 x 471 x 427 x 466
- Features: Irregular Lot, Property Adjoins Public Land, Tree Coverage - Heavy, Tree Coverage - Medium
- Topography: Gently Rolling,Walkout
Details
- Parcel number: 3611823110033
- Zoning description: Residential-Single Family
Utilities & green energy
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, None Connected, Sewer Available, Phone Available
Community & HOA
Community
- Features: No
HOA
- Has HOA: No
Location
- Region: Wayzata
Financial & listing details
- Tax assessed value: $581,300
- Annual tax amount: $11,744
- Date on market: 6/26/2026
- Inclusions: Survey
Estimated market value
Not available
Estimated sales range
Not available
$5,175/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2026 | Listed for sale | $2,595,000+54.9% |
Source:  NorthstarMLS as distributed by MLS GRID #7089111 Report a problem | ||
| 10/5/2023 | Sold | $1,675,000-1.2% |
Source: NorthstarMLS as distributed by MLS GRID #6331326 Report a problem | ||
| 9/8/2023 | Pending sale | $1,695,000 |
Source: NorthstarMLS as distributed by MLS GRID #6331326 Report a problem | ||
| 8/7/2023 | Price change | $1,695,000-15.2% |
Source: NorthstarMLS as distributed by MLS GRID #6331326 Report a problem | ||
| 5/21/2023 | Listed for sale | $1,998,000 |
Source: NorthstarMLS as distributed by MLS GRID #6331326 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $4,551 -11.5% | $581,300 +29.2% |
| 2022 | $5,140 -0.6% | $450,000 -1.3% |
| 2021 | $5,168 +3.9% | $456,000 |
| 2020 | $4,975 -3.7% | $456,000 +7.3% |
| 2019 | $5,168 +3.9% | $425,000 +6.3% |
| 2018 | $4,975 +14.6% | $400,000 +9.6% |
| 2017 | $4,340 +1% | $365,000 |
| 2016 | $4,297 -2.9% | $365,000 -17% |
| 2015 | $4,424 -18.9% | $440,000 +3% |
| 2014 | $5,451 +11.3% | $427,000 +8.1% |
| 2013 | $4,898 -10.4% | $395,000 -14.1% |
| 2012 | $5,468 -0.6% | $460,000 -6.1% |
| 2011 | $5,502 +1.7% | $490,000 -4.9% |
| 2010 | $5,412 -6% | $515,000 -8.8% |
| 2009 | $5,759 +33.3% | $565,000 +35.1% |
| 2006 | $4,320 +16.4% | $418,300 +15% |
| 2005 | $3,712 +8.1% | $363,800 +15% |
| 2004 | $3,435 +6.7% | $316,400 +12% |
| 2002 | $3,221 -36.5% | $282,500 |
| 2001 | $5,070 | -- |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 55391
Nearby schools
GreatSchools rating
- 9/10Gleason Lake Elementary SchoolGrades: K-5Distance: 1.4 mi
- 9/10Wayzata West Middle SchoolGrades: 6-8Distance: 1 mi
- 10/10Wayzata High SchoolGrades: 9-12Distance: 4 mi
- $1,675,0003 bd2 ba2.3k sqft585 Ferndale Rd N, Wayzata, MN 55391Sold
- $318,800-- bd-- ba-- sqft585 Ferndale Rd N, Wayzata, MN 55391Off Market
- $1,248,3001 bd3 ba2k sqft635 Ferndale Rd N, Wayzata, MN 55391Off Market
- $2,851,0004 bd6 ba5.7k sqft575 Ferndale Rd N, Wayzata, MN 55391Off Market
- $25,000-- bd-- ba-- sqft575 Ferndale Rd N, Wayzata, MN 55391Off Market
- $2,558,5004 bd4 ba4.4k sqft519 Ferndale Rd N, Wayzata, MN 55391Off Market
- $1,877,3005 bd5 ba5.2k sqft627 Ferndale Rd N, Wayzata, MN 55391Off Market
- $2,966,9002.98 Acres517 Ferndale Rd N, Wayzata, MN 55391Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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