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358 Ferndale Rd S , Wayzata, MN 55391

$16,450,000

Est. Payment: $84,988.43/mo

4 Bed

8 Bath

9921 Sqft

Status: Active | Days on site: 136

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5141 - 502002753

House Description

Buyers’ opportunity. Re-positioned to $16.450M. Representing extraordinary value on Lake Minnetonka’s coveted “Gold Coast’! No need to build. Ready for the current lake season. Check out the new AI photos showing how one can easily transform the exterior of the home and the rooms into a lighter, more current decor without any structural changes by painting and lightening up the hardwood floors and beams. Experience the pinnacle of Lake Minnetonka living on Wayzata Bay. Tucked away on a sprawling 1.6-acre private property, this Sharratt-designed and Robert Craig-built masterpiece encompasses 216 feet of premium, east-facing shoreline. The expansive manicured grounds offer a sanctuary of quietude opening up to breathtaking vistas of Wayzata Bay and downtown Wayzata. Extensive stonework, a Ludowici clay tile roof, and a cobblestone circular driveway with portico sets a tone of timeless elegance. The heart of the home is the soaring octagonal Great Room, where massive, beamed ceilings and panoramic sweep of windows frame the glistening waters of Lake Minnetonka. The focal point of the chef’s kitchen is a 20-foot walnut and natural stone island, equipped with Wolf and Sub- Zero appliances, and enhanced by a full caterer’s kitchen for effortless hosting. The adjoining breakfast room and inviting hearth room create a warm gathering space, while the formal dining and living room offer refined settings for both everyday living and gracious entertaining. The floor plan offers rare flexibility with elegant, primary suites on the main and upper level. Each includes a fireplace, sitting area and luxurious spa-like bathroom with unparalleled views of the lake. The second level is completed by a cozy reading nook and a guest wing, which includes two additional lake-facing ensuites. The elevator provides convenient service to all floors. The walk-out lower level, with its comfortable and spacious rooms, transition seamlessly to a lakeside paradise. A natural flagstone terrace and infinity edge pool provide the ultimate stage for large scale entertaining or quiet reflection. A charming pool house and lush, professional gardens add ambiance to this idyllic setting. Just a stroll away to Wayzata’s world-class dining and many boutique shops, this exceptional property represents the very finest in Lake Minnetonka living!

Highlights

Listed by Elizabeth P Vogt , 612-669-4231 Coldwell Banker Realty , 952-473-3000. Minneapolis/St. Paul and St. Cloud - Northstar MLS

Property Type

Residential

Lot/Acreage

1.61

Year Built

2010

County

Hennepin

School District

Wayzata

Listing ID

7060616

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Interior Features

Bedrooms and Bathrooms

▪ Bedrooms:4
▪ Bathrooms:8
▪ Full Bathrooms:3
▪ 3/4 Bathrooms:3
▪ 1/2 Bathrooms:2

Appliances:Air-To-Air Exchanger, Central Vacuum, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Freezer, Humidifier, Gas Water Heater, Water Filtration System, Microwave, Range, Refrigerator, Stainless Steel Appliances, Trash Compactor, Washer, Water Softener Owned, Wine Cooler

Air Cond:Central Air

Fireplaces:Two Sided,Family Room,Full Masonry,Gas,Living Room,Primary Bedroom,Stone,Wood Burning

Above Ground Sq Ft:7973

Below Ground Sq Ft:1948

Basement:Drain Tiled,Finished,Full,Storage Space,Sump Basket,Sump Pump,Walkout

Other:

▪ Additional:Cable, Deck, Exercise Room, Hardwood Floors, Kitchen Center Island, Kitchen Window, Primary Bedroom Walk-In Closet, Main Floor Primary Bedroom, Natural Woodwork, Patio, Porch, Panoramic View, Security System, Skylight, In-Ground Sprinkler, Tile Floors, Vaulted Ceiling(s), Washer/Dryer Hookup, Wet Bar, Walk-In Closet, 1/2 Basement, 3/4 Basement, Double Sink, Bathroom Ensuite, Full Primary, Private Primary, Main Floor 1/2 Bath, Main Floor Full Bath, Rough In, Separate Tub & Shower, Upper Level 3/4 Bath, Upper Level Full Bath, Breakfast Bar, Breakfast Area, Separate/Formal Dining Room, 2nd Floor Laundry, 3 BR on One Level, All Living Facilities on One Level, Main Floor Primary, Main Floor Laundry

Water:City Water/Connected

Exterior Features

Lot:Lake Front,Lake View,Accessible Shoreline,Irregular Lot,Tree Coverage - Medium,Underground Utilities,Waterfront

Lot Dimensions:irregular

Zoning:Residential-Single Family

Roof:Shake,Age Over 8 Years,Pitched,Tile

Sewer:City Sewer/Connected

Parking Features:Attached Garage,Asphalt,Driveway - Other Surface,Floor Drain,Finished Garage,Garage Door Opener,Heated Garage,Insulated Garage,Storage

Payment Calculator

Payment Breakdown

Principal Interest

$84,988

Taxes

$14,705

Home Price

$16,450,000

Home Price

Loan Details

30 yrs

6.708%

Interest Rate

Loan Type

Down Payment

20%

$3,290,000

Down Payment

Down Payment %

All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Monthly Price:

$84,988.43

Principal

Taxes

	Principal	Taxes	HOA	Total
Monthly	$84,988.43	$14,704.85	$0.00	$99,693.28
Yearly	$1,019,861.14	$176,458.20	$0.00	$1,196,319.34
Total	$30,595,834.24	$5,293,746.00	$0.00	$35,889,580.24

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Market insight data is pulled from the same city as the listing being viewed (Wayzata, MN).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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