Pending
$495,000
$158/sqft

Pheasant Ridge 3rd Add

338 William Lake Shore Drive, Waconia, MN, 55387
5  Bedrooms3  Bathrooms3,136  Square Feet0.41  Acres
Days on market4
Year built1994
Garage spaces3
TypeResidential
Est. $11,850buyer credit when you buy with SODL

About this home

Classic, meticulously maintained two-story in the heart of Waconia offering space, flexibility, and an ideal location. An inviting front porch welcomes you into a light-filled main level with an open layout and large living room windows. The spacious kitchen features abundant cabinet and counter space, top-of-the-line appliances, breakfast bar seating, and a built-in command center perfect for everyday organization. The informal dining area flows seamlessly to a screened porch and large deck, plus an additional lower lever paver patio, ideal for relaxing or entertaining. A flexible main-level room serves perfectly as a bedroom or office, with a nearby full bath. Upstairs you’ll find three bedrooms and a full bath. The finished walk-out lower level offers even more living space, including a fifth bedroom, bath, and laundry room with chute. New carpet and paint add a fresh feel, while the south-facing backyard provides great natural light. Oversized heated and insulated 3-car garage with built-ins and backyard access. Highly desirable neighborhood close to Brook Peterson Park, the library, County Fairgrounds and downtown Waconia!

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Home facts

Property typeResidential
Property subtypeSingle Family Residence
Year built1994
LevelsTwo
Living area3,136 sqft
Above-grade finished2,016 sqft
Below-grade finished1,120 sqft
Lot size0.41 acres (0)
Days on market4
ListedFeb 17, 2026
MLS #NST7022308
CountyCarver
SubdivisionPheasant Ridge 3rd Add
Parcel #753470220

Facts & features

Interior

Bedrooms
5
Bathrooms
3
Bath breakdown
2 full / 1 half
Heating
Forced Air
Cooling
Central Air
Appliances
Dishwasher, Double Oven, Dryer, Freezer, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener Owned

Property

Levels / stories
Two
Garage
3 spaces · 945 sqft
Parking features
Attached Garage, Concrete, Heated Garage, Insulated Garage
Patio & porch
Deck, Front Porch, Screened
Lot size
0.41 acres
Lot dimensions
0

Construction

Property type
Residential
Property subtype
Single Family Residence
Construction materials
Frame
Foundation
1,120 sqft
Roof
Age Over 8 Years, Asphalt, Pitched
Year built
1994

Utilities

Water
City Water/Connected
Sewer
City Sewer/Connected
Fuel
Natural Gas
Electric
Circuit Breakers

Community & HOA

Subdivision
Pheasant Ridge 3rd Add
HOA
No HOA
School district
Waconia

Financial & listing details

Annual tax
$5,812 (2025)
Listed
Feb 17, 2026
Days on market
4
Manufactured home
Yes

Interior details

Total bathrooms3
Full baths2
3/4 baths0
Half baths1
1/4 baths0
BasementBlock, Drain Tiled, Full, Storage Space, Sump Basket, Sump Pump, Walkout
HeatingForced Air
CoolingCentral Air
AppliancesDishwasher, Double Oven, Dryer, Freezer, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener Owned
DiningInformal Dining Room
AmenitiesDeck, Kitchen Window, Main Floor Primary Bedroom, Natural Woodwork, Patio, Porch
AccessibilityNone
Special features3 BR on One Level, Main Floor Bedroom

Exterior & lot

RoofAge Over 8 Years, Asphalt, Pitched
Foundation area1,120 sqft
Patio/porchDeck, Front Porch, Screened
Lot featuresTree Coverage - Medium
ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected
SewerCity Sewer/Connected
FuelNatural Gas

Parking & garage

ParkingAttached Garage, Concrete, Heated Garage, Insulated Garage
Garage spaces3
Garage size945 sqft

Financial details

Annual taxes$5,812
Tax year2025
Taxes w/ assessments5812
Assessment pendingNo
Down payment resourceYes
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District number672
District phone9524420600
High schoolWaconia
SODL flat fee brokerage
$11,850Estimated buyer credit
SODL platform fee $3,000Your buyer credit $11,850

How SODL buyer credits work

When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.

  • Tour homes with SODL’s flexible showing network
  • Submit offers and manage your transaction through the platform
  • Keep more money at closing through transparent flat-fee pricing

A clear, modern way to buy with expert guidance and meaningful savings.

Estimated monthly payment

$3,251/mo
Principal & interest$2,601
Property taxes$484
Home insurance (est.)$165
%
$99,000
0%50%
Credit score
Loan term

These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.

Location

338 William Lake Shore Drive, Waconia, MN, 55387

Listing information

MLS #NST7022308
StatusPending
Last updatedFeb 22, 2026, 12:10 AM
Originally listedFeb 17, 2026, 11:53 AM
Listing officeEdina Realty, Inc.
Co-listing officeEdina Realty, Inc.

Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.