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1397 Orono LaneWayzata, MN 55391

$5.475 million

4 bedrooms · 6 bathrooms · 4,312 finished sq ft · 0.59 acre lot

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About this home

Welcome to 1397 Orono Lane, a stunning south-facing Lake Minnetonka retreat on Browns Bay, ideally located just minutes from downtown Wayzata. Extensively remodeled in 2026 by John Kraemer & Sons Inc, this thoughtfully reimagined home offers an exceptional floor plan along with beautiful lake views throughout. The redesigned main level centers around the reimagined chef's kitchen featuring a spacious center island, stainless steel appliances, a stylish walk-in pantry, and separate refrigerator and freezer. The reimagined primary suite offers the ultimate in comfort with a private laundry area, spa-like en-suite bathroom with separate soaking tub and shower, and an incredible walk-in closet with custom organizational components. Step directly from the primary bedroom onto the outdoor patio and enjoy the serene lake setting. A newly added main-level guest bedroom features a charming window seat, walk-in closet, private 3/4 bathroom, and access to the pocket office. The main level also includes a welcoming living room with gas fireplace, a screened porch with Phantom Screens, and expansive lake views from nearly every room. Upstairs, discover two additional bedrooms and a bonus room that could be used for storage, a playroom, or hobby space. The lower level adds even more functionality with a second laundry area complete with drying racks, a sauna/infrared light sauna, and another spacious bonus room perfectly suited for a home gym, hobby room, or additional flex space. Outside, enjoy beautifully manicured landscaping, a large paver patio, screened-in porch, and 116 feet of pristine Lake Minnetonka shoreline. The heated three-stall garage features epoxy flooring and a dedicated hangout area with TV, creating an ideal space for lake days, entertaining, and relaxing year-round. An exceptional opportunity to enjoy a beautifully updated home, stunning lake views, and the best of Lake Minnetonka living just minutes from Wayzata.

Home facts

Home type
Single-family home
Style
Single Family Residence
Year built
1938
Bedrooms
4
Bathrooms
6
Finished sq ft
4,312
Lot
0.59 acres
Garage
3 stalls
Basement
Finished, Full, Storage Space
Heating
Natural Gas, Forced Air, Fireplace(s)
Cooling
Central Air
Property taxes
$48,705 a year
Listed
September 4, 2026
MLS number
7101751

Broker ReciprocityListing courtesy of Compass (Elizabeth C Ulrich). MLS #7101751.

© 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.

Broker ReciprocityThe 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 8:49 PM (Central). Use of listing data is subject to the license agreement. Open House information is subject to change without warning.

How it compares

1397 Orono Lane, Wayzata, MN 55391 is a 4-bedroom single-family home built in 1938 on Lake Minnetonka, listed for $5.475 million on September 4, 2026 by Compass. That is in the middle range of the 51 single-family homes for sale in Orono right now (median $2.999 million; $1,270 per square foot here against $443 for the group). That works out to $1,270 per finished square foot.

Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 8:49 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.

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