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1981 Fagerness Point Road, Wayzata, MN 55391

$3,289,000
Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 4,838 Lot Size (sq. ft.): 27,443 Status: Closed
Current Price: $3,289,000 List Date: 2/06/2025 Last Modified: 6/26/2026

Overview

Description

Discover this stunning, completely remodeled 4,800+ square foot home in the highly sought-after Fagerness Point neighborhood of Orono, overlooking beautiful Lake Minnetonka. Boasting a main floor primary bedroom and four additional bedrooms on one level, this residence offers ample space with five luxurious baths. Enjoy the elegance of hardwood and tile floors throughout and relax in the spacious family rooms on both the lower and upper levels. With accessible shoreline on both sides of the home you can enjoy West facing sunsets as well as Easterly sunrises. This lakefront gem with 268’ of shoreline features breathtaking West Arm Bay views that make it perfect for lakeside living. Don't miss this rare opportunity!

Listing Details MLS# 6623996

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
Yes
Waterfront YN
Yes
Year Built
2009
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
2
Bath Three Quarters
2
Bath Half
Yes
Main Floor Total SqFt
2237
Above Grd Total SqFt
3762
Below Grd Total SqFt
1076
Total SqFt
4838
Total Finished Sqft
4832.00
FireplaceYN
Yes
Lake/Waterfront Name
Minnetonka
Style
(SF) Single Family
Foundation Size
2088
Garage Stalls
3
Lot Dimensions
SE100x195x101x176
Acres
0.63
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: Central Air; Geothermal Amenities Unit: Balcony; Boat Slip; Main Floor Primary Bedroom; Tile Floors Appliances: Air-To-Air Exchanger; Dishwasher; Disposal; Dryer; Freezer; Refrigerator; Washer; Wine Cooler Basement: Drain Tiled; Egress Windows; Storage Space; Sump Pump; Tile Shower Bath Description: Double Sink; Full Jack & Jill; Main Floor 1/2 Bath; Main Floor Full Bath; Upper Level 3/4 Bath; Upper Level Full Bath; Full Primary; Private Primary; 3/4 Basement; Bathroom Ensuite Construction Status: Previously Owned Elevation Highpoint to Waterfront Slope: Level Exterior: Brick/Stone; Other Family Room Characteristics: Family Room; Loft Financing Terms: Conventional Fuel: Electric; Natural Gas Heating: Forced Air; Geothermal; In-Floor Heating Lot Description: Accessible Shoreline; Tree Coverage - Medium Parking Characteristics: Tuckunder Garage Road Frontage: City Street; Paved Streets Road Responsibility: Public Maintained Road Roof: Age Over 8 Years Sellers Terms: Cash; Conventional; Other Sewer: City Sewer/Connected Special Search: 2nd Floor Laundry; 3 BR on One Level; 4 BR on One Level; Main Floor Bedroom; Main Floor Primary Stories: Two Water: City Water/Connected Waterfront Type: Lake Front; Lake View; Dock Waterfront View: Bay; East; West

Contract Information

Off Market Date
2025-04-14
Contingency
None
Closed Date
2025-05-09
Original List Price
3995000
Sales Close Price
3289000
ListPrice
3499000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
1981
Street Name
Fagerness Point
Street Suffix
Road
Postal City
Wayzata
County
Hennepin
State
MN
Zip Code
55391
Complex/Dev/Subdivision
Fagerness

Assessments

Tax With Assessments
26580

Building Information

Finished SqFt Above Ground
3762
Finished SqFt Below Ground
1070

More Information

Lake Details

Lake Acres
14205
Lake Depth
113

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Door Height
8
Garage Square Feet
759

Public Survey Info

Range#
23
Section#
18
Township#
117

Room Information

Room Name Dimensions Level
Living Room 21x19 Main
Family Room 30x30 Lower
Play Room 15x13 Upper
Loft 22x16 Upper
Third (3rd) Bedroom 14x12 Upper
Fourth (4th) Bedroom 12x14 Upper
Office 12x9 Upper
First (1st) Bedroom 15x14 Main
Second (2nd) Bedroom 12x13 Upper
Dining Room 12x09 Main
Kitchen 29x35 Main
IDX
Listing Office: Compass
Last Updated: June - 26 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

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