$1,205,849Average Value$573Average Price per Sq Ft39Homes For Sale
The northern shore of Lake Minnetonka
Situated along the shore of Lake Minnetonka, one of the largest lakes in Minnesota, Wayzata is a highly desirable city within Hennepin County. Known for its lakeside recreation, A-rated school district and proximity to downtown Minneapolis, Wayzata is home to around 4,000 residents. “It’s beautiful here from a nature perspective, but we’re also just 12 miles west of Minneapolis, so you really have the best of both worlds,” says Wayzata City Manager Jeffrey Dahl. “In one way, it’s a small town, but we’re also a big, thriving, sophisticated city.” Founded in 1854 and incorporated as a city in 1883, Wayzata began as a few wooded outposts in the mid-1800s before becoming a getaway destination for the regional elite by the early 1900s. The area would later act as a summer destination for the Twin Cities as high-end hotels were replaced by cozy cottages and grandiose country estates. Amenities like the resident-only Wayzata Municipal Boat Slips, the sandy coastline at Wayzata Beach and local eateries along Lake Street East give this western Minneapolis city an attractive lakeside village charm. “It’s known as the gateway to the lake, and it’s only a 20-minute drive into downtown – that’s what fuels the real estate, making it the most desirable destination in the Twin Cities, says fourth-generation resident Pete Ice, Real Estate Agent with Edina Realty’s Wayzata Office. And with easy access to U.S. Interstates 494 and I-394, day trips into the Twin Cities are more than accessible.
Lakeside New Traditionals and multi-family townhouses
The real estate market in Wayzata is highly competitive due to its lakeside recreation and tourist attraction. The average home value in Wayzata is around $500,000 more than the average home value in the United States. “There are price points for everyone in Wayzata, from affordable living with shared amenities to lake homes on Wayzata Bay, which are among the most expensive in all the upper midwest,” says Ice, who has been selling in the Twin Cities for over 21 years. With a median sales price of $1 Million, single-family homes range from the low $200,000s for a tear-down lot to upwards of $10 Million for a contemporary new traditional with private water access. Wayzata features a variety of home styles from minimal traditionals and Tudor cottages to multi-family condos or townhouses and larger estates along the shores of Lake Minnetonka. While single-family homes dominate the area, multi-family options range from as low as $200,000 for a one-bedroom condo to upwards of $3.6 Million for a townhouse with immediate bay access. Homes situated along Wayzata Bay are subject to increased price points. Home construction has been steady since the early 1900s, but it has picked up steam since 2010 – there have been over 700 homes built or rebuilt since then. “They are buying up 2,000 square foot homes for $700,000, tearing them down and building $2.5 million homes on the lots,” says Dahl.
Boat slips and lake access along Wayzata Bay
With Lake Minnetonka nearby, Wayzata residents enjoy a variety of outdoor amenities on Wayzata Bay. Some neighbors are within walking distance of Wayzata Beach, which features a sandy coastline, jungle-gym and water access for cooling off during the warmer months. The Wayzata Municipal Boat Slips are also located here, featuring a 100-boat marina for Wayzata residents. Cyclists can hop on the Dakota Rail Regional Trail at Shaver Park, offering 13.5 miles of paved trails connecting Wayzata to St. Bonifacius. In the summer, dog owners can bring four-legged friends to Klapprich Park & Field, which offers an expansive off-leash dog park. Locals can be seen skating on the outdoor ice rink here in winter. Golfers are in luck with the private Wayzata Country Club nearby, offering an 18-hole course, tennis and pickleball courts and an outdoor pool for members to enjoy. History enthusiasts can visit the Wayzata Depot Museum, which partners with the Lake Minnetonka Historical Society to preserve local history and educate residents on Wayzata’s founding and steamboat roots.
Live music at The Great Lawn every Sunday in August
Neighbors gather at The Great Lawn along Lake Street East for the annual Sunday Music in the Park in August. The event is hosted from 4:30 p.m. to 6:00 p.m. every Sunday throughout August. Residents can dance to their favorite local artists, with performances ranging from bluegrass and rock music to funk and jazz. Visitors are expected to bring their chairs and blankets, as seating will not be provided.
Everyday essentials and local eateries along Lake Street East
Residents can shop along Wayzata Boulevard for everyday essentials and groceries at stores like Lunds & Byerlys and Walgreens Pharmacy. Wayzata might lack larger department stores, however, the primary business district along Lake Street East offers a variety of local eateries and mainstays like Five Swans, which offers unique home decor and has served the city for over 45 years. When dining in the area, locals can visit Wayzata Bar & Grill, known locally as The Muni, for a community-oriented atmosphere and classic all-American fare. The Muni has been serving the community since 1947 and is owned and operated by the City of Wayzata, meaning the profit contributes directly to municipal needs and development. For seafood options and lakefront views, head to 6Smith and enjoy a meal on their patio with stunning views of Lake Minnetonka. Or check out the family-owned Gianni’s Steakhouse for an upscale dining environment and an award-winning wine list of around 400 wine labels – which received two stars from the Wine Spectator in 2023.
A-rated education at Wayzata Public Schools
Families with school-aged children are served by the Wayzata Public School District, the best school district in Minnesota, according to the educational review site, Niche. Students in Wayzata can attend schools like Gleason Lake Elementary, Wayzata West Middle and Wayzata High School, which have earned ratings of A, A and A-plus from Niche. Gleason Lake Elementary School offers a Special Education program to qualifying students conducted by highly trained individuals. Wayzata West Middle School provides a variety of after-school clubs and extracurriculars from Cross Country and Basketball to the Honors Reading Program and First Lego League. Wayzata High School offers a rigorous curriculum with more than 32 AP courses for the opportunity to earn college credit. Private options like St. Therese School and Redeemer Lutheran School are also available.
Nearby healthcare and quick commutes into downtown Minneapolis
Residents in Wayzata rely on U.S Route 12 for easy access to U.S. I-494 and I-394 when traveling to neighboring areas and toward downtown Minneapolis. When seeking public transportation, residents can hop on the Metro Transit bus at the Park & Ride along Wayzata Boulevard. Trips on Route 645 operate into downtown Minneapolis every hour. Those interested in traveling further outside the community are 24 miles from the Minneapolis–Saint Paul International Airport. For healthcare, the Minnetonka Medical Center is only 6 miles from the community.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Timothy Thompson,
an experienced agent in this neighborhood.
Parks in this Area
Cheshire Park
Basketball
Volleyball
Parking Lot
Circle Park
Shaver park
Libbs Lake Beach Park
Fishing
Grills
Picnic Area
Queensland Park
Hardin Park
Transit
Airport
Minneapolis-St Paul International/Wold-Chamberlain
37 min drive
Bus
Wayzata Blvd & Glenbrook Rd
Bus
Wayzata Blvd & Ferndale Rd
Bus
Wayzata Blvd & Wayzata Jr High School
Bus
Ferndale Rd & Lake St W
Bus
Wayzata Blvd P&R & Gate B
Bus
Wayzata Blvd & Brueggers Bagel
Bus
Wayzata Blvd & Walker Ave
Crime and Safety
1 - Low Crime, 10 - High Crime
Wayzata
US
Homicide
1
4
Sexual Assault
1
4
Assault with Weapon
1
4
Robbery
2
4
Burglary
3
4
Motor Vehicle Theft
2
4
Larceny
4
4
Crime Score
3
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Wayzata, MN sell after 54 days on the market compared to the national average of 47 days. The average sale price for homes in Wayzata, MN over the last 12 months is $1,401,692, down 10% from the average home sale price over the previous 12 months.
This thoughtfully reimagined contemporary residence is situated on a quiet cul-de-sac, offering tranquil views of a scenic pond teeming with wildlife. Designed for both everyday living and elegant entertaining, the home features a striking 12 foot kitchen island and a dining area bathed in natural light from dramatic two-story windows. The living room centers around a modern linear fireplace,
Experience luxury lakeside living in this exquisite top-floor corner unit at Wayzata Blu, an exclusive 18-residence boutique building in downtown Wayzata. Designed by MartinPatrick3, this stunning home offers breathtaking Lake Minnetonka views and a 586 SF private terrace, perfect for entertaining or relaxing. Soaring ceilings and floor-to-ceiling windows flood the space with natural light. A
Nestled in the heart of Wayzata on a Very Private street at the end of traffic FREE cul-de sac street. you will find this Fantastic 2020 New Build with a Main floor junior suite 4 bedrooms, huge upper level full master suite with Kohler baths and kitchen plumbing. Walls of Glass illuminate the main level spaces from the sitting room open great room kitchen and dining area.AMAZING Quartz Island
Nestled on a quiet street just one blk. to Lake Minnetonka, you’ll love the luxurious lifestyle this boutique condo offers. Beautifully crafted, the main level unit features enameled millwork & crown molding, hardwood flrs, extensive built-ins & designer finishes. The kitchen is a dream w/an oversized island, a gorgeous walk-up bar, Cambria surfaces, ss Wolf & Sub-Zero appliances & custom
Nestled in a very highly desired neighborhood, this brand-new home is a true masterpiece built by Kilian Construction. Offering elegance and sophistication, this 4-bedroom, 5-bathroom estate spans over 4,800 of meticulously crafted living space and is the perfect example of comfort and style. With the finest attention to detail and the highest quality materials throughout, this exceptional home
Experience the Heart of Wayzata Living at 205 Barry Ave S, Unit 208!This wonderfully cared-for condo offers unbeatable access to everything Wayzata has to offer—just one block from LakeMinnetonka, Wayzata Beach, and the scenic Lakeside Park. Stroll to local favorites like 6Smith, charming shops, trails, andyear-round lake activities right outside your door.Freshly painted
LIMITED TIME SPECIAL: $150 off monthly rent for 12 months with a signed 12-month lease. Must move in by 5.15.25. This offer may be modified or terminated at any time without notice. Welcome home! Whether you take advantage of the many different activities the lake has to offer, or just enjoy the quiet solitude of the sinking sun casting colors across the water, living "on the lake" at Gleason
Architect-designed. Tree-canopied. Two minutes from a perfect flat white.Tucked quietly off Bushaway Road under a canopy of oaks and pines, this 1912 Prairie School carriage house, designed by William Gray Purcell and George Grant Elmslie, offers something rare in rental living: a little piece of architectural history—with stainless appliances.Originally part of the Edward Decker
Exciting Limited-Time Offer! Get your 1st month FREE when you sign a 12-month lease! Move in by May 31, 2025, to take advantage of this amazing deal! Act fast, this exclusive offer may be changed or ended at any time, so don’t miss out!Experience the distinctive charm and vibrant lifestyle of Wayzata Lake Apartments.Come home to all of the charm that Wayzata Lake Apartments has to
Interested in learning more about homes in this area?
Reach out to
Timothy Thompson,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
4,685
Median Age
52
Population Density
2 ppl/acre
Population under 18
17.7%
Below the national average
23.8%
Population over 65
33.2%
Above the national average
19.1%
Finances
Median Household Income
$102,024
Significantly above the national average
$71,702
Average Household Income
$148,764
Education and Workforce
High School Graduates
97%
College Graduates
62.6%
Significantly above the national average
34.1%
Advanced Degrees
26.6%
Above the national average
13.3%
% Population in Labor Force
54%
Weather
Annual Precipitation
33''
Average Winter Low Temperature
6°F
Average Summer High Temperature
81°F
Annual Snowfall
80''
Area Factors
Somewhat Bikeable
Bike Score®
24/ 100
Car-Dependent
Walk Score®
4/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
