355 Margaret Circle, Wayzata, MN 55391

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355 Margaret Circle, Wayzata, MN 55391

$2,995,000

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Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 5,217 Lot Size (sq. ft.): 35,284 Status: Active

Current Price: $2,995,000 List Date: 9/01/2026 Last Modified: 9/05/2026

Overview

Description

A rare opportunity awaits to build your dream home on a stunning .81-acre parcel, beautifully wooded on both sides with serene, private views overlooking a natural wetland. Nestled within the highly sought-after Margaret Circle neighborhood, you’ll enjoy a tranquil setting while remaining highly walkable to downtown Wayzata. This is truly one of the best lots available in Wayzata! This new construction project is build-exclusive to Gonyea Custom Homes. This custom residence is crafted for luxurious modern living, featuring an exceptional multi-level layout: The main level features a Primary Suite with an expansive bathroom/closet area, Office, Great Room, Gourmet Kitchen, Dining Room, Laundry, and ½ bath. Includes a Screen porch and Grilling Deck. The second level is designed with three generous Bedrooms, one with a ¾ ensuite bath, and a Jack & Jill bathroom adjoining the other two bedrooms. The lower level walk-out is dedicated to recreation, featuring a large Family Room, Game ... (Read more)

Listing Details MLS# 7137188

General Property Information

Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 2
Waterfront YN: No
Year Built: 2026
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: 3
Bath Three Quarters: Yes
Bath Half: Yes
Main Floor Total SqFt: 2095
Above Grd Total SqFt: 3617
Below Grd Total SqFt: 1600
Total SqFt: 5217
Total Finished Sqft: 5217.00
FireplaceYN: Yes
Style: (SF) Single Family
Foundation Size: 1600
Garage Stalls: 3
Lot Dimensions: 169' x 199' x 239' x 188'
Acres: 0.81
Assessment Pending: No

Property Features

Accessible: None Air Conditioning: Central Air; Zoned Assumable Loan: Not Assumable Construction Status: To Be Built/Floor Plan Existing Financing: Other Exterior: Engineered Wood; Shakes; Other Foundation: See Remarks Fuel: Natural Gas Heating: Forced Air Sellers Terms: Adj. Rate/Gr Payment; Cash; Conventional Sewer: City Sewer/Connected Stories: More Than 2 Stories Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 2995000
ListPrice: 2995000
Owner is an Agent?: Yes
Lot Price: 1050000
Auction?: No

Location Tax and Other Information

House Number: 355
Street Name: Margaret
Street Suffix: Circle
Postal City: Wayzata
County: Hennepin
State: MN
Zip Code: 55391
Complex/Dev/Subdivision: Fazendins Add To Wayzata

Assessments

Tax With Assessments: 6745

Builder Information

Builder ID: GONYEA HOMES AND REMODELING
Builder License Number: 672669
Builder Name: GONYEA HOMES AND REMODELING

More Information

Building Information

Finished SqFt Above Ground: 3617
Finished SqFt Below Ground: 1600

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 625

Public Survey Info

Range#: 22
Section#: 31
Township#: 118

Listing Office: Engel & Volkers Lake Minnetonka

Last Updated: September - 05 - 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.