577 Park Lane, Orono, MN 55356

$1,775,000
Property Type: Residential Bedrooms: 5 Baths: 4 Lot Size (sq. ft.): 8,276 Status: Closed
Current Price: $1,775,000 List Date: 6/26/2025 Last Modified: 1/27/2026

Overview

Description

Turn-key lakeside retreat on sought-after North Arm Bay in Orono Schools! Fully renovated in 2020, this 5BR/3.5BA home offers stunning southwest-facing views, swimmable shoreline, and a modern, sun-filled layout with all bedrooms on one level. Highlights include a gourmet kitchen with Bosch appliances and quartz countertops, spa-like primary suite with vaulted ceilings and lakeside screened porch, upper-level laundry, and heated 3-car garage. Enjoy level lakeshore, deep-water dockage, two screened porches, and custom landscaping with Chilton stone steps to the lake. Close to Bederwood Park, Luce Line Trail, and downtown Wayzata.

Listing Details MLS# 6744526

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
Yes
Road Btwn WF & Home?
No
Waterfront Frontage
50
Waterfront YN
Yes
Year Built
2020
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
Yes
Bath Three Quarters
2
Bath Half
Yes
Total Finished Sqft
3327.00
Lake/Waterfront Name
Minnetonka
Style
(SF) Single Family
Foundation Size
1687
Garage Stalls
3
Lot Dimensions
50 LAKE
Acres
0.19
Bath Quarter
0
Main Floor Total SqFt
0
Above Grd Total SqFt
0
Below Grd Total SqFt
0
Total SqFt
0
Association Fee
0

Property Features

Accessible: None Air Conditioning: Central Air Appliances: Cooktop; Dishwasher; Disposal; Double Oven; Dryer; Microwave; Refrigerator; Washer; Water Filtration System Assumable Loan: Not Assumable Basement: Concrete Block Bath Description: 3/4 Jack & Jill; Double Sink; His and Her Closets; Main Floor 1/2 Bath; Upper Level 3/4 Bath; Full Primary; Private Primary; Separate Tub & Shower; Walk-In Shower Stall Construction Materials: Block; Concrete; Frame Construction Status: Previously Owned Dining Room Description: Breakfast Bar; Informal Dining Room; Kitchen/Dining Room; Living/Dining Room Exterior: Cement Board Financing Terms: Cash Fireplace Characteristics: Gas Burning; Living Room Foundation: Concrete Block; Poured Concrete Fuel: Natural Gas Heating: Forced Air Lake Details: Sand Laundry: Upper Level Lock Box Type: Combo Lot Description: Tree Coverage - Light Parking Characteristics: Garage Door Opener; Heated Garage Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Age Over 8 Years; Asphalt Shingles Sellers Terms: Cash; Contract for Deed; Conventional Sewer: City Sewer/Connected Special Search: 2nd Floor Laundry; 4 BR on One Level; Renovated Stories: Two Water: Well Waterfront View: Bay; Lake; West

Contract Information

Off Market Date
2025-08-27
Contingency
None
Closed Date
2025-09-12
Original List Price
1850000
Sales Close Price
1775000
ListPrice
1850000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
577
Street Name
Park
Street Suffix
Lane
Postal City
Orono
County
Hennepin
State
MN
Zip Code
55356
Complex/Dev/Subdivision
Minnetonka Summit Park

Assessments

Tax With Assessments
14694.5
Assessment Balance
0

Building Information

Finished SqFt Above Ground
2768
Finished SqFt Below Ground
559

More Information

Lake Details

Lake Acres
14205
Lake Depth
113
Sand
Yes

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
616
Garage Door Opener
Yes
Heated Garage
Yes

Public Survey Info

Range#
23
Section#
06
Township#
117

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
LOT 012 BLOCK 006 MINNETONKA SUMMIT PARK
Listing City
Orono
Map Page
103
Municipality
Orono
School District
Orono
School District Phone
952-449-8305
DNR Lake ID#
27013300
DNR Lake Classification
General Development
Zip Plus 4
9763
Property ID Number
0611723410046
Tax Year
2024
Tax Amount
14694.5
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Turn-key lakeside retreat on sought-after North Arm Bay in Orono Schools! Fully renovated in 2020, this 5BR/3.5BA home offers stunning southwest-facing views, swimmable shoreline, and a modern, sun-filled layout with all bedrooms on one level. Highlights include a gourmet kitchen with Bosch appliances and quartz countertops, spa-like primary suite with vaulted ceilings and lakeside screened porch, upper-level laundry, and heated 3-car garage. Enjoy level lakeshore, deep-water dockage, two screened porches, and custom landscaping with Chilton stone steps to the lake. Close to Bederwood Park, Luce Line Trail, and downtown Wayzata.
Directions
Tonkawa Rd to Elm to Park.

Accessible

None
Yes

Air Conditioning

Central Air
Yes

Appliances

Cooktop
Yes
Dishwasher
Yes
Disposal
Yes
Double Oven
Yes
Dryer
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes
Water Filtration System
Yes

Assumable Loan

Not Assumable
Yes

Basement

Concrete Block
Yes

Bath Description

3/4 Jack & Jill
Yes
Double Sink
Yes
His and Her Closets
Yes
Main Floor 1/2 Bath
Yes
Upper Level 3/4 Bath
Yes
Full Primary
Yes
Private Primary
Yes
Separate Tub & Shower
Yes
Walk-In Shower Stall
Yes

Construction Materials

Block
Yes
Concrete
Yes
Frame
Yes

Construction Status

Previously Owned
Yes

Dining Room Description

Breakfast Bar
Yes
Informal Dining Room
Yes
Kitchen/Dining Room
Yes
Living/Dining Room
Yes

Exterior

Cement Board
Yes

Financing Terms

Cash
Yes

Fireplace Characteristics

Gas Burning
Yes
Living Room
Yes

Foundation

Concrete Block
Yes
Poured Concrete
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Insurance Fee

Insurance Fee
0

Laundry

Upper Level
Yes

Lock Box Type

Combo
Yes

Lot Description

Tree Coverage - Light
Yes

Patio, Porch and Deck Features

Porch
Yes
Screened
Yes

Road Frontage

City Street
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age 8 Years or Less
Yes
Age Over 8 Years
Yes
Asphalt Shingles
Yes

Sellers Terms

Cash
Yes
Contract for Deed
Yes
Conventional
Yes

Sewer

City Sewer/Connected
Yes

Special Search

2nd Floor Laundry
Yes
4 BR on One Level
Yes
Renovated
Yes

Stories

Two
Yes

Water

Well
Yes

Waterfront View

Bay
Yes
Lake
Yes
West
Yes

Room Information

Room Name Dimensions Level
Living Room 22X14 Main
Kitchen 16X15 Main
Informal Dining Room 19X14 Main
First (1st) Bedroom 15.5X14.5 Upper
Second (2nd) Bedroom 18X12 Upper
Third (3rd) Bedroom 21X14 Upper
Fourth (4th) Bedroom 11X11 Upper
Fifth (5th) Bedroom 14.5X11.5 Upper
Laundry 10.5X7.5 Upper
IDX
Listing Office: Coldwell Banker Realty
Last Updated: January - 27 - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

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