Listed at
$1,595,000
$886/sqft

540 Indian Mound Street #1A

540 Indian Mound Street #1A, Wayzata, MN, 55391
2  Bedrooms2  Bathrooms1,800  Square Feet
Days on market175
Year built1979
Garage spaces1
HOA / month$1,453
TypeResidential
Est. $44,850buyer credit when you buy with SODL
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About this home

Discover this breathtaking south-facing two-bedroom condo at the prestigious Wayzata Place, perfectly positioned with sweeping views of Wayzata Bay and Lake Minnetonka. Enter inside to an inviting open-concept layout that seamlessly connects the kitchen, casual dining area, and living room. A cozy gas fireplace serves as the centerpiece of the living space, creating the perfect setting for relaxing evenings. Outside, unwind on your private ground-floor screened patio, where you can enjoy stunning views of the lake and breathtaking sunsets over Lake Minnetonka. Building amenities enhance the lifestyle, offering an underground heated garage, secure bike racks, and a recently renovated fitness center. A beautifully remodeled guest suite is also available for visiting guests. Best of all, this exceptional condo puts you in the heart of downtown Wayzata. You’re right by the city’s finest restaurants, boutique shops, and vibrant waterfront. Don’t miss this rare opportunity to own a one-of-a-kind home in one of the most desirable locations on Lake Minnetonka. Schedule your private showing today!

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Home facts

Property typeResidential
Property subtype(CC) High Rise (4+ Levels)
Year built1979
LevelsOne
Living area1,800 sqft
Above-grade finished1,800 sqft
Below-grade finished0 sqft
Lot size0 acres (Common)
Days on market175
ListedApr 6, 2026
MLS #NST7047326
CountyHennepin
Parcel #0611722310069

Facts & features

Interior

Bedrooms
2
Bathrooms
2
Bath breakdown
2 full
Heating
Hot Water
Cooling
Central Air
Appliances
Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Washer

Property

Levels / stories
One
Garage
1 space
Parking features
Attached Garage, Heated Garage, Parking Garage, Underground
Patio & porch
Patio, Porch
Exterior features
Stone
Pool
None

Construction

Property type
Residential
Property subtype
(CC) High Rise (4+ Levels)
Foundation
8 ft+ Pour · 1,800 sqft
Roof
Other
Year built
1979

Utilities

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

Community & HOA

HOA
$1,453/month
HOA name
Elliman Management
HOA phone
9522103383
HOA includes
Building Exterior, Hazard Insurance, Lawn Care, Maintenance Grounds, Parking, Professional Mgmt, Sanitation, Sewer, Shared Amenities, Snow Removal, Water
School district
284 - Wayzata
High school district
Wayzata

Financial & listing details

Annual tax
$15,542.48 (2025)
Listed
Apr 6, 2026
Days on market
175
Manufactured home
Yes

Interior details

Total bathrooms2
Full baths2
3/4 baths0
Half baths0
1/4 baths0
BasementNone
HeatingHot Water
CoolingCentral Air
Fireplaces1
LaundryMain Level, In Unit, Washer Hookup
AppliancesDishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
DiningInformal Dining Room
AmenitiesCeiling Fan(s), Hardwood Floors, Main Floor Primary Bedroom, Patio, Paneled Doors, Porch, Panoramic View, Tile Floors, Washer/Dryer Hookup, Walk-In Closet
AccessibilityNone
Special featuresMain Floor Primary, Main Floor Bedroom, Main Floor Laundry

Exterior & lot

ExteriorStone
RoofOther
Foundation8 ft+ Pour
Foundation area1,800 sqft
Patio/porchPatio, Porch
Road frontageCity Street, Curbs, Paved Streets, Sidewalks
Road responsibilityPrivate Maintained Road
ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected
SewerCity Sewer/Connected
FuelNatural Gas

Parking & garage

ParkingAttached Garage, Heated Garage, Parking Garage, Underground
Garage spaces1

Financial details

Annual taxes$15,542.48
Tax year2025
Taxes w/ assessments15542.48
Assessment pendingNo
HOA fee$1,453
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District284 - Wayzata
District number284
District phone7637455000
High schoolWayzata
SODL flat fee brokerage
$44,850Estimated buyer credit
SODL platform fee $3,000Your buyer credit $44,850

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

$11,662/mo
Principal & interest$8,382
Property taxes$1,295
Home insurance (est.)$532
HOA fees$1,453
%
$319,000
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

540 Indian Mound Street #1A, Wayzata, MN, 55391

Listing information

MLS #NST7047326
StatusActive
Last updatedAug 27, 2026, 10:37 AM
Originally listedApr 6, 2026, 3:31 PM
Listing officeLakes Sotheby's International
Co-listing officeLakes Sotheby's International

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.