875 Lake Street N #401Wayzata, MN 55391
$2.975 million
3 bedrooms · 4 bathrooms · 2,836 finished sq ft · 1.63 acre lot
About this home
Welcome to this impressive two-story condo at Regatta Unit 401, one of the few two-story residences in the building. Ideally located in a highly sought-after community near the award-winning shops and dining of downtown Wayzata and the shores of Lake Minnetonka. This exceptional corner unit offers spacious living, beautiful natural light, and outstanding indoor and outdoor entertaining spaces. Step inside and be greeted by an inviting open floor plan. The chef's kitchen features stainless steel appliances, a large center island with barstool seating, and abundant cabinet and counter space. Just beyond, the dining area opens to the first of several west-facing balconies, creating a seamless connection to the outdoors. The spacious living room is filled with natural light and features elegant coffered ceilings, a gas fireplace, and plenty of room for comfortable seating and entertaining. The luxurious primary suite offers private access to a second west-facing balcony and a spa-like ensuite bathroom complete with dual sinks, a separate soaking tub, a walk-in shower, and an impressive walk-in closet. A second bedroom on the main level also provides balcony access and has a three-quarter bathroom. The upper level offers exceptional flexibility and could serve as a third bedroom, family room, or additional entertaining space. Complete with a second gas fireplace and another bathroom, this level opens to an extraordinary 47'x18' private balcony with sweeping west and north facing views. The main level also includes a dedicated office that could serve as an additional bedroom, along with a spacious laundry room featuring a sink and abundant storage. Residents of Regatta enjoy access to exceptional amenities, including an exercise room and two club rooms, all while being just moments from the vibrant shops, acclaimed dining, scenic trails, and waterfront lifestyle of downtown Wayzata and Lake Minnetonka.
Home facts
- Home type
- Condo
- Style
- Condominium
- Year built
- 2015
- Bedrooms
- 3
- Bathrooms
- 4
- Finished sq ft
- 2,836
- Lot
- 1.63 acres
- Garage
- 3 stalls
- Basement
- None
- Heating
- Natural Gas, Forced Air, Fireplace(s)
- Cooling
- Central Air
- Property taxes
- $34,971 a year
- HOA / association fee
- $2,047
- Listed
- September 4, 2026
- MLS number
- 7138371
Listing courtesy of Compass (Elizabeth C Ulrich). MLS #7138371.
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How it compares
875 Lake Street N #401, Wayzata, MN 55391 is a 3-bedroom condo built in 2015, listed for $2.975 million on September 4, 2026 by Compass. That is in the middle range of the 33 condos for sale in Wayzata right now (median $2.25 million; $1,049 per square foot here against $823 for the group). That works out to $1,049 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Wayzata community guideSchools, commutes, parks, home values and local stories.
- Wayzata housing market, September 2026Homes sold for a median $1,137,000 over 12 months (+3.4%), 99 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.
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