Listed at
$2,595,000

585 Ferndale Road

585 Ferndale Road, Wayzata, MN, 55391
4.81  Acres
Days on market94
Year built1900
TypeLand
Est. $74,850buyer credit when you buy with SODL
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About this home

Build your dream home with westerly views overlooking Lake Lydiard. Tucked away at the end of a private drive minutes from Wayzata, this exceptional 4.81 acre homesite offers a peaceful, secluded setting with beautiful lake views, spectacular sunsets, and direct access to walking trails that wind through the surrounding natural landscape. The generous site provides the perfect canvas for a custom residence designed to embrace both privacy and the outdoors. This homesite provides opportunity to accommodate many lifestyle ideas, such as a pool, sports court, oversized garage, detached garage for car collectors, etc. Enjoy the convenience of downtown Wayzata's renowned restaurants, shops, and Lake Minnetonka amenities while experiencing the tranquility of a setting that feels worlds away. Offering a rare blend of natural beauty, privacy, and accessibility, this is an exceptional opportunity to create a truly remarkable home in one of the area's most desirable locations.

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Home facts

Property typeLand
Year built1900
Lot size4.81 acres (460x471x427x466)
Days on market94
ListedJun 26, 2026
MLS #NST7089111
CountyHennepin
Parcel #3611823110033

Facts & features

Interior

Bathrooms
0

Property

Fencing
None
Lot size
4.81 acres
Lot dimensions
460x471x427x466
Lot features
Irregular Lot, Property Adjoins Public Land, Tree Coverage - Heavy, Tree Coverage - Medium
Road frontage
Private Road, Storm Sewer
Road responsibility
Public Maintained Road

Construction

Property type
Land
Year built
1900

Utilities

Utilities
Cable Available, Electricity Available, Natural Gas Available, None Connected, Sewer Available, Phone Available

Community & HOA

HOA
No HOA
School district
284 - Wayzata
High school district
Wayzata

Financial & listing details

Annual tax
$11,744 (2026)
Listed
Jun 26, 2026
Days on market
94
Inclusions
Survey

Interior details

Total bathrooms0

Exterior & lot

Lot featuresIrregular Lot, Property Adjoins Public Land, Tree Coverage - Heavy, Tree Coverage - Medium
Road frontagePrivate Road, Storm Sewer
Road responsibilityPublic Maintained Road
ZoningResidential-Single Family

Utilities

Parking & garage

Financial details

Annual taxes$11,744
Tax year2026
Taxes w/ assessments11744
Assessment pendingNo
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District284 - Wayzata
District number284
District phone7637455000
High schoolWayzata
SODL flat fee brokerage
$74,850Estimated buyer credit
SODL platform fee $3,000Your buyer credit $74,850

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

$15,482/mo
Principal & interest$13,638
Property taxes$979
Home insurance (est.)$865
%
$519,000
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

585 Ferndale Road, Wayzata, MN, 55391

Listing information

MLS #NST7089111
StatusActive
Last updatedJul 6, 2026, 11:04 PM
Originally listedJun 26, 2026, 3:50 PM
Listing officeColdwell Banker Realty

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.