1397 Orono LaneWayzata, MN 55391
$5.475 million
4 bedrooms · 6 bathrooms · 4,312 finished sq ft · 0.59 acre lot
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
Listing courtesy of Compass (Elizabeth C Ulrich). MLS #7101751.
© 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
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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.
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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.
The location
- Orono community guideSchools, commutes, parks, home values and local stories.
- Lake MinnetonkaLake facts from the Minnesota DNR, access and every lakefront home for sale.
- 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
- —
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. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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