1155 Heritage LaneWayzata, MN 55391
$2.575 million
5 bedrooms · 4 bathrooms · 5,478 finished sq ft · 1.01 acre lot
About this home
LAKE ACCESS! Magnificent setting. Magnificent home. This classic walk-out rambler spans across a majestic setting showcasing an extraordinary view of the marsh and pond of the Fox Hill Neighborhood on Lake Minnetonka. The stunning 5,400 square foot home is sighted perfectly on over one acre of level grounds. The architecture and natural setting are a reminder of why a rambler is chosen by discerning buyers so frequently. As you enter into the completely renovated foyer, kitchen, and family room you are greeted by open, airy, vast views afforded by the over-sized brand-new windows. Enjoy main-floor living with a spacious primary suite featuring a private balcony. The home features three gas fireplaces inside as well as a fire pit outside. A brand-new custom bar in the lower level is perfect for entertaining. Rarely does a property like this become available — complete with deeded access to Lake Minnetonka on Smith’s Bay. Whether you’re looking for peaceful lakeside living or a spectacular place to host, this home delivers both luxury and effortless style.
Home facts
- Home type
- Condo
- Style
- Single Family Residence
- Year built
- 1969
- Bedrooms
- 5
- Bathrooms
- 4
- Finished sq ft
- 5,478
- Lot
- 1.01 acres
- Garage
- 3 stalls
- Basement
- Walk-Out Access, Finished, Full
- Heating
- Natural Gas, Forced Air
- Cooling
- Central Air, Zoned
- Property taxes
- $16,942 a year
- HOA / association fee
- $1,750
- Listed
- July 20, 2026
- MLS number
- 7112427
Listing courtesy of Lakes Sotheby's International (Debbie McNally). MLS #7112427.
© 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Keller Williams Preferred Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Keller Williams Preferred Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Keller Williams Preferred Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
Keller Williams Preferred Realty participates in Regional MLS’s Broker Reciprocity℠ program, allowing us to display other brokers’ listings on our site. However, Keller Williams Preferred Realty displays only listings located in the Minnesota communities covered on this website. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available. Listing data last updated November 3, 2026 at 9:01 PM (Central). Use of listing data is subject to the license agreement. Open House information is subject to change without warning.
How it compares
1155 Heritage Lane, Wayzata, MN 55391 is a 5-bedroom condo built in 1969, listed for $2.575 million on July 20, 2026 by Lakes Sotheby's International. That is in the upper quarter of the 7 condos for sale in Orono right now (median $2.099 million; $470 per square foot here against $470 for the group). That works out to $470 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 9:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Orono community guideSchools, commutes, parks, home values and local stories.
- Orono housing market, September 2026Homes sold for a median $1,225,000 over 12 months (+4.3%), 76 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
- Association fee (as listed)
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing and the association fee as listed (assumed monthly). Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
Compare
Similar homes for sale in Orono
$2,685,000575 Kokesh Farm Road, Orono, MN 55359MLS #7127942Listing courtesy of Coldwell Banker Realty
Open Sun, Nov 8 · 5–7 PM$2,195,0002735 Deer Run Trail E, Orono, MN 55356MLS #7125908Listing courtesy of Compass
$2,099,00075 Bayside Trail, Orono, MN 55359MLS #7160293Listing courtesy of Real Broker, LLC
$1,750,000440 N Arm Drive, Orono, MN 55364MLS #7134327Listing courtesy of Edina Realty, Inc.
$1,350,0001000 Heritage Lane, Orono, MN 55391MLS #7028610Listing courtesy of RE/MAX Advantage Plus
$630,0002607 Cascade Lane, Orono, MN 55356MLS #7126626Listing courtesy of Edina Realty, Inc.