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$1,795,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 2 Full Baths
  • 1,800 Sq. Ft.
  • 1 Car Garage
  • Updated 7 hours ago
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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!

Full Property Details for 540 Indian Mound St #1A

General

  • Price: $1,795,000
  • HOA FEE: $1,453/month
  • Taxes: $15,542 (2025)
  • Status: Active
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7047326
  • Updated: Today (4/6/2026)
  • Added to Site: Today

Interior

  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Gas, Living Room
  • Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Washer

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Dining Room: Informal Dining Room
  • Formal Dining Room: Informal Dining Room
  • Laundry: Main Level, In Unit, Washer Hookup, Main Level, In Unit, Washer Hookup

Additional Information

  • Amenities: Ceiling Fan(s), Hardwood Floors, Main Floor Primary Bedroom, Patio, Paneled Doors, Porch, Panoramic View, Tile Floors, Washer/Dryer Hookup, Walk-In Closet

Exterior

  • Porch/Patio/Deck: Patio, Porch

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 1
  • Parking Features: Attached Garage, Heated Garage, Parking Garage, Underground

Location

  • County: Hennepin
  • Township: Wayzata
  • Driving Directions: Lake Street to North on Minnetonka Ave S, Right on Indian Mound to building.

School Information

  • School District: 1280 - Wayzata
  • High School District: Wayzata

Community

  • Association: Yes
  • Assoc. Name: Elliman Management
  • Assoc. Fees Include: Building Exterior, Hazard Insurance, Lawn Care, Maintenance Grounds, Parking, Professional Management, Sanitation, Sewer, Shared Amenities, Snow Removal, Water

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Hot Water
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Basement: Yes
  • Foundation Size: 1800
  • Roof: Other
  • Disability Access: None
  • Square Feet: 1,800
  • Above Ground: 1,800 Sq. Ft.
  • Finished Down/Base.: 1,800 Sq. Ft.
  • Year Built: 1979

Lot Features

  • Lot Dimensions: Common
  • Frontage: City Street, Curbs, Paved Streets, Sidewalks
  • Zoning: Residential-Single Family

Water Features

  • Water Front Desc.: Lake View
  • Lake Front: Yes

Financial Considerations

  • Association Fee: $1,453
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $15,542.48
  • Tax Year: 2025
  • Terms: Conventional, FHA, Cash

Disclosures and Reports

  • Legal Description: CONDO NO 0110 WAYZATA PLACE CONDO APT NO 16
  • Property ID: 611722310069

Listed by Lakes Sotheby's International

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Listing agents

— 540 Indian Mound St #1A —

  • Lakes Sotheby's International

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 540 Indian Mound St #1A

School District:Wayzata Public School District
NameGradesDistance
Gleason Lake Elementary School
310 County Road 101, Plymouth, MN 55447
K-51 mi
Wayzata West Middle School
149 Barry Avenue North, Wayzata, MN 55391
6-80.4 mi
Wayzata High School
4955 Peony Lane North, Plymouth, MN 55446
9-125.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 540 Indian Mound St #1A Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/06/2026
Listed
$1,795,000
38.08%
MLS
6/14/2022
Sold
$1,300,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 540 Indian Mound St #1A

Year
Property Taxes
Change
Tax Assessment
Change
2025
$15,542
9%
$1,300,000
4%
2023
$14,301
47%
$1,250,000
47%
2023
$9,705
—
$853,000
7%
2023
$9,705
-7%
$800,000
1%
2020
$10,422
—
$791,000
1%
2019
$10,403
5%
$787,000
6%
2018
$9,938
8%
$744,000
8%
2017
$9,168
-4%
$690,000
-1%
2016
$9,574
-3%
$696,000
—
2015
$9,852
1%
$696,000
3%
2014
$9,771
1%
$679,000
—
2013
$9,683
—
$681,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 540 Indian Mound St #1A

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Listed by Lakes Sotheby's International

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540 Indian Mound Street #1A, Wayzata, MN 55391 (MLS# 7047326) is a Single Family property with 2 bedrooms and 2 full bathrooms. 540 Indian Mound Street #1A is currently listed for $1,795,000 and was received on April 06, 2026. Want to learn more about 540 Indian Mound Street #1A? Do you have questions about finding other Single Family real estate for sale in Wayzata? You can browse all Wayzata real estate or contact a Coldwell Banker agent to request more information.

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