$3,175,000
Wayzata, MN 55391
MLS# 7079700
6 beds | 5 baths | 5217 sqft
1 / 15
Property 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 Room, stylish Walk-up Bar, and an indoor Athletic Court with extra Storage, and two more bonus Bedrooms, and a Full bathroom. Seize this chance to customize and create your perfect sanctuary with Gonyea Custom Homes in one of the most idyllic neighborhoods in Wayzata!
Details
Maps
Contract Information
Owner is an Agent?: Yes
Auction?: No
Status: Active
Contingency: None
Current Price: $3,175,000
Original List Price: 3175000
ListPrice: 3175000
List Date: 2026-05-28
Office/Member Info
Association: MAAR
General Property Information
Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 2
Year Built: 2026
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Lot Dimensions: 169' x 199' x 239' x 188'
Acres: 0.81
Bath Three Quarters: 1
Bath Half: 1
Bath Quarter: 0
Main Floor Total SqFt: 2095
Above Grd Total SqFt: 3617
Below Grd Total SqFt: 1600
Total Finished Sqft: 5217.00
FireplaceYN: Yes
Foundation Size: 1600
Style: (SF) Single Family
Garage Stalls: 3
Association Fee: 0
Assessment Pending: No
Bedrooms: 6
Baths Total: 5
Bath Full: 3
Total SqFt: 5217
Location, Tax and Other Information
AssocFeeYN: No
Legal Description: LOT 002 BLOCK 003 FAZENDINS ADDN TO WAYZATA
Listing City: Wayzata
Map Page: 104
Municipality: Wayzata
School District: Wayzata
School District Phone: 763-745-5000
Zip Plus 4: 1059
Property ID Number: 3111822340020
Tax Year: 2026
Tax Amount: 7344
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: 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 Room, stylish Walk-up Bar, and an indoor Athletic Court with extra Storage, and two more bonus Bedrooms, and a Full bathroom.
Seize this chance to customize and create your perfect sanctuary with Gonyea Custom Homes in one of the most idyllic neighborhoods in Wayzata!
Directions: Hwy 12 to Wayzata Blvd W, N on Broadway, W on Ridgeview Dr, N on Far Hill, Left on Margaret Circle to property.
Accessible
None: 1
Air Conditioning
Central Air: 1
Zoned: 1
Assessments
Assessment Balance: 0
Assessment Installment: 0
Tax With Assessments: 6745
Assumable Loan
Not Assumable: 1
Builder Information
Builder ID: GONYEA HOMES AND REMODELING
Builder License Number: 672669
Builder Name: GONYEA HOMES AND REMODELING
Building Information
Finished SqFt Above Ground: 3617
Finished SqFt Below Ground: 1600
Construction Status
To Be Built/Floor Plan: 1
Existing Financing
Other: 1
Exterior
Engineered Wood: 1
Shakes: 1
Other: 1
Foundation
See Remarks: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Insurance Fee
Insurance Fee: 0
Lease Details
Land Leased: Not Applicable
Lock Box Type
None: 1
Miscellaneous Information
Homestead: Yes
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 625
Public Survey Info
Range#: 22
Section#: 31
Township#: 118
Sellers Terms
Adj. Rate/Gr Payment: 1
Cash: 1
Conventional: 1
Sewer
City Sewer/Connected: 1
Stories
More Than 2 Stories: 1
Water
City Water/Connected: 1
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
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
Lock Box Type: None
Sellers Terms: Adj. Rate/Gr Payment; Cash; Conventional
Sewer: City Sewer/Connected
Stories: More Than 2 Stories
Water: City Water/Connected
Listing Office: Engel & Volkers Lake Minnetonka
Last Updated: June - 08 - 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.