Listed at
$2,995,000
$574/sqft

Fazendins Add To Wayzata

355 Margaret Circle, Wayzata, MN, 55391
5  Bedrooms5  Bathrooms5,217  Square Feet0.81  Acres
Days on market26
Year built2026
Garage spaces3
TypeResidential
Est. $86,850buyer credit when you buy with SODL
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About this home

A rare opportunity awaits to build your dream home on a stunning .81-acre parcel, beautifully wooded on both sides with serene, private views overlooking a natural wetland. Nestled within the highly sought-after Margaret Circle neighborhood, you’ll enjoy a tranquil setting while remaining highly walkable to downtown Wayzata. This is truly one of the best lots available in Wayzata! This new construction project is build-exclusive to Gonyea Custom Homes. This custom residence is crafted for luxurious modern living, featuring an exceptional multi-level layout: The main level features a Primary Suite with an expansive bathroom/closet area, Office, Great Room, Gourmet Kitchen, Dining Room, Laundry, and ½ bath. Includes a Screen porch and Grilling Deck. The second level is designed with three generous Bedrooms, one with a ¾ ensuite bath, and a Jack & Jill bathroom adjoining the other two bedrooms. The lower level walk-out is dedicated to recreation, featuring a large Family Room, Game Room, stylish Walk-up Bar, and an indoor Athletic Court with extra Storage, and two more bonus Bedrooms, and a Full bathroom. Seize this chance to customize and create your perfect sanctuary with Gonyea Custom Homes in one of the most idyllic neighborhoods in Wayzata!

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Home facts

Property typeResidential
Property subtypeSingle Family
Year built2026
LevelsMore Than 2 Stories
Living area5,217 sqft
Above-grade finished3,617 sqft
Below-grade finished1,600 sqft
Lot size0.81 acres (169' x 199' x 239' x 188')
Days on market26
ListedSep 1, 2026
MLS #NST7137188
CountyHennepin
SubdivisionFazendins Add To Wayzata
Parcel #3111822340020

Facts & features

Interior

Bedrooms
5
Bathrooms
5
Bath breakdown
3 full / 1 3/4 / 1 half
Heating
Forced Air
Cooling
Central Air, Zoned
Basement
Finished, Walkout · 1,600 sqft finished

Property

Levels / stories
More Than 2 Stories
Garage
3 spaces · 625 sqft
Parking features
Attached Garage
Exterior features
Engineered Wood, Other, Shakes
Lot size
0.81 acres
Lot dimensions
169' x 199' x 239' x 188'

Construction

Property type
Residential
Property subtype
Single Family
Foundation
See Remarks · 1,600 sqft
Builder
GONYEA HOMES AND REMODELING
Year built
2026

Utilities

Water
City Water/Connected
Sewer
City Sewer/Connected
Fuel
Natural Gas

Community & HOA

Subdivision
Fazendins Add To Wayzata
HOA
No HOA
School district
284 - Wayzata
High school district
Wayzata

Financial & listing details

Annual tax
$7,344 (2026)
Tax with assessments
6745
Listed
Sep 1, 2026
Days on market
26 · 91 cumulative
Manufactured home
Yes

Interior details

Total bathrooms5
Full baths3
3/4 baths1
Half baths1
1/4 baths0
BasementFinished, Walkout
HeatingForced Air
CoolingCentral Air, Zoned
Fireplaces2
AccessibilityNone

Exterior & lot

ExteriorEngineered Wood, Other, Shakes
FoundationSee Remarks
Foundation area1,600 sqft
ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected
SewerCity Sewer/Connected
FuelNatural Gas

Parking & garage

ParkingAttached Garage
Garage spaces3
Garage size625 sqft

Financial details

Annual taxes$7,344
Tax year2026
Taxes w/ assessments6745
Assessment pendingNo
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District284 - Wayzata
District number284
District phone7637455000
High schoolWayzata
SODL flat fee brokerage
$86,850Estimated buyer credit
SODL platform fee $3,000Your buyer credit $86,850

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

$17,350/mo
Principal & interest$15,740
Property taxes$612
Home insurance (est.)$998
%
$599,000
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

355 Margaret Circle, Wayzata, MN, 55391

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Listing information

MLS #NST7137188
StatusActive
Last updatedSep 5, 2026, 11:24 PM
Originally listedSep 1, 2026, 3:38 PM
Listing officeEngel & Volkers Lake Minnetonka

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.