Listed at
$2,975,000
$1,049/sqft

Cic 1991 Regetta Wayzata Bay Resid

875 Lake Street #401, Wayzata, MN, 55391
3  Bedrooms4  Bathrooms2,836  Square Feet1.63  Acres
Days on market24
Year built2015
Garage spaces3
HOA / month$2,047
TypeResidential
Est. $86,250buyer credit when you buy with SODL
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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.

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Home facts

Property typeResidential
Property subtype(CC) High Rise (4+ Levels)
Year built2015
LevelsTwo
Living area2,836 sqft
Above-grade finished2,836 sqft
Below-grade finished0 sqft
Lot size1.63 acres (Common)
Days on market24
ListedSep 4, 2026
MLS #NST7138371
CountyHennepin
SubdivisionCic 1991 Regetta Wayzata Bay Resid
Parcel #0611722410157

Facts & features

Interior

Bedrooms
3
Bathrooms
4
Bath breakdown
1 full / 1 3/4 / 2 half
Heating
Forced Air, Fireplace(s)
Cooling
Central Air
Appliances
Cooktop, Dishwasher, Double Oven, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer

Property

Levels / stories
Two
Garage
3 spaces
Parking features
Assigned, Attached Garage, Heated Garage, Parking Garage, Secured, Storage, Underground
Patio & porch
Deck
Exterior features
Stone
Lot size
1.63 acres

Construction

Property type
Residential
Property subtype
(CC) High Rise (4+ Levels)
Foundation
Poured Concrete · 2,314 sqft
Roof
Age Over 8 Years
Year built
2015

Utilities

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

Community & HOA

Subdivision
Cic 1991 Regetta Wayzata Bay Resid
HOA
$2,047/month
HOA name
First Service Residential
HOA phone
9522772700
HOA includes
Cable TV, Gas, Internet, Lawn Care, Maintenance Grounds, Parking, Professional Mgmt, Sanitation, Sewer, Shared Amenities, Snow Removal, Water
HOA amenities
Elevator(s), Lobby Entrance, Other

Financial & listing details

Annual tax
$34,971 (2026)
Listed
Sep 4, 2026
Days on market
24
Manufactured home
Yes

Interior details

Total bathrooms4
Full baths1
3/4 baths1
Half baths2
1/4 baths0
BasementNone
HeatingForced Air, Fireplace(s)
CoolingCentral Air
Fireplaces2
LaundryLaundry Room, Main Level, Sink
AppliancesCooktop, Dishwasher, Double Oven, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer
DiningEat In Kitchen, Informal Dining Room, Kitchen/Dining Room, Living/Dining Room
AmenitiesBalcony, French Doors, Hardwood Floors, Indoor Sprinklers, Kitchen Center Island, Kitchen Window, Primary Bedroom Walk-In Closet, Main Floor Primary Bedroom, Other, Panoramic View, Tile Floors, Wet Bar, Walk-In Closet
AccessibilityAccessible Elevator Installed
Special featuresAll Living Facilities on One Level, Main Floor Primary, Main Floor Bedroom, Main Floor Laundry, Primary Bdr Suite

Exterior & lot

ExteriorStone
RoofAge Over 8 Years
FoundationPoured Concrete
Foundation area2,314 sqft
Patio/porchDeck
Road frontageCity Street, Curbs, Paved Streets, Sidewalks
Road responsibilityPublic Maintained Road
ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected
SewerCity Sewer/Connected
FuelNatural Gas

Parking & garage

ParkingAssigned, Attached Garage, Heated Garage, Parking Garage, Secured, Storage, Underground
Garage spaces3

Financial details

Annual taxes$34,971
Tax year2026
Taxes w/ assessments34971
Assessment pendingNo
HOA fee$2,047
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District284 - Wayzata
District number284
District phone7637455000
High schoolWayzata
SODL flat fee brokerage
$86,250Estimated buyer credit
SODL platform fee $3,000Your buyer credit $86,250

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

$21,588/mo
Principal & interest$15,635
Property taxes$2,914
Home insurance (est.)$992
HOA fees$2,047
%
$595,000
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

875 Lake Street #401, Wayzata, MN, 55391

Listing information

MLS #NST7138371
StatusActive
Last updatedSep 4, 2026, 8:32 PM
Originally listedSep 4, 2026, 2:48 PM
Listing officeCompass
Co-listing officeCompass

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.