Completely reimagined from top to bottom, this custom-built 2012 residence on Smith Bay lives like a brand-new home — renovated in 2026 with no expense spared, and never lived in since. New wide-plank white-oak floors, a chef's kitchen with full Wolf and Sub-Zero suite, a dramatic Taj Mahal quartz fireplace, and a large private study anchor the main level. Upstairs, the primary suite and a second bedroom both capture sweeping lake views and open to a balcony over the water — the primary with marble bath and custom dressing room — plus a huge bunk room that sleeps six. Every bedroom has a walk-in closet, with generous storage throughout. Nearly 1,450 sq ft of newly finished lower level adds a media lounge, golf simulator, fitness studio, sauna with cold-plunge space, and full bath — a year-round wellness retreat. Outside, 0.73 acres in the storybook village of Minnetonka Beach: a heated screened porch, expanded stone patio, Soake plunge pool, outdoor kitchen, and all-new professional landscaping. Your private dock and pristine shoreline on Lake Minnetonka's Lower Lake sit just steps from the front door, across a lightly traveled lane fewer than a dozen homes use as their primary access — the classic Minnetonka Beach arrangement that keeps the water in view from nearly every room. Whole-house generator, monitored security, smart water protection, and whole-home audio make this truly turnkey lake living. Five bedrooms, 4.5 baths, heated 3-car garage, Orono schools.
Single-familyProperty Type
2012Year Built
0.73 acresLot Size
$1,029Price/Sq.Ft.
3 car garageParking
Listed by Amanda Athayde• Home Avenue Flat Fee Realty
Welcome to this timeless, custom-built Lake Minnetonka residence where refined design meets effortless lakeside living. The great room is both inviting and sophisticated, centered around a stone-surround fireplace and expansive sliding doors that open to a deck and beautifully landscaped backyard, perfectly positioned for both intimate mornings and elevated entertaining. Seamlessly connected to the screened-in porch, the home offers a natural flow between indoor and outdoor living, ideal for long summer evenings by the water. A chef’s dream kitchen featuring a beverage fridge, a dedicated coffee station, and a buffet passthrough, with thoughtfully designed pantry storage. Additional features include a main-level office, a spacious mudroom with custom storage plus oversized closet and drop zone. The upper level features five well-appointed bedrooms, including a tranquil primary suite with a private covered deck overlooking the lake. The spa-inspired primary bath has been completely reimagined with sophisticated design finishes, dual vanities, a soaking tub, and a separate walk-in shower. All bedrooms feature walk-in closets, and all bathrooms throughout the home have been updated, complemented by new Restoration Hardware lighting and plush upper-level carpeting. Stepping outdoors reveals a thoughtfully transformed lakeside setting with newly designed landscaping and a new heated in-ground plunge pool. The outdoor culinary terrace is expertly equipped with a built-in grill, cooktop, and beverage cooler, offering a kitchen like setting that transforms lakeside gatherings from casual to exceptional. The unfinished lower level provides flexibility and abundant storage, ready to accommodate a future recreation room, golf simulator, additional bathroom, and more. This home also offers a heated 3 car garage. Located in the coveted Minnetonka Beach neighborhood, this home embodies a lifestyle of relaxed sophistication and timeless Lake Minnetonka living.
NORTHSTARMLS as Distributed by MLS Grid #6466403
Apr 30, 2024
Sold
$3,935,000
$687/sq ft
Mar 26, 2024
Pending
—
Mar 22, 2024
Contingent
—
Dec 6, 2023
Listed
$4,095,000
$715/sq ft
+24
Beautiful custom-built home offering an open floorplan with walls of windows showcasing gorgeous lake views! Enjoy the great room with stone-surround fireplace and sliding glass doors leading to the backyard; gourmet kitchen with wine fridge, coffee bar/prep area and endless water views. The kitchen opens to the screened-in porch creating the perfect blend of indoor and outdoor living, ideal for entertaining! Upper-level featuring five bedrooms including the primary suite with private covered deck overlooking the shoreline, and spa-like bath with dual vanities separate soaker tub + shower. Additional features: main-level office, large mudroom with storage and drop zone, three car heated garage, upper-level laundry. Lower level awaiting your personal touch! Rip-rap shoreline. Highly sought-after Minnetonka Beach location!
NORTHSTARMLS as Distributed by MLS Grid #6452997
Dec 6, 2023
Listing Removed
—
Nov 30, 2023
Listing Removed
—
Oct 29, 2023
Listed
$4,195,000
$732/sq ft
Public Records
Nov 8, 2011
Sold
$800,000
$140/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$46,419 (+20.0%)
$2,154,600 + $1,572,500
$3,727,100
2025
$38,681 (+21.5%)
$1,882,700 + $1,304,800
$3,187,500
2024
$31,833 (+16.8%)
$1,882,700 + $856,500
$2,739,200
2023
$27,256 (+9.2%)
$1,637,000 + $688,000
$2,325,000
2022
$24,956 (−0.7%)
$1,353,000 + $548,000
$1,901,000
2021
$25,139 (+0.9%)
$1,389,000 + $533,000
$1,922,000
2020
$24,910 (+1.3%)
$1,261,000 + $542,000
$1,803,000
2019
$24,595 (+0.3%)
$1,201,000 + $546,000
$1,747,000
2018
$24,532 (+15.3%)
$1,201,000 + $521,000
$1,722,000
2017
$21,271 (+11.5%)
$911,000 + $559,000
$1,470,000
2015
$19,082 (+14.3%)
$800,000 + $526,000
$1,326,000
2014
$16,690 (+57.3%)
$600,000 + $494,000
$1,094,000
2013
$10,611 (−7.0%)
$780,000 + $1,000
$781,000
2012
$11,406
$869,000 + $16,000
$885,000
Public record
Beds
4
Baths
3.5
Stories
1.75
Lot width
—
Lot depth
—
Lot size
0.73 Acres
Year renovated
2012
Finished Sq. Ft.
3,920
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,920
Year built
2012
Style
Single Family Residential
County
Hennepin County
APN
15 117 23 31 0066
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 16, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 98° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Wayzata, MN • 55391
Average low and high temperatures (°F)
21
5
29
13
48
28
56
38
69
49
77
60
84
67
78
63
75
58
64
46
44
31
28
14
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.5 hours in
June and 3.6 hours in December, which is comparable to the
U.S. average for solar exposure.
10.5 hrs
3.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2412 Lafayette Rd
$5,845,783
$54K under list price of $5.90M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.6M to $5.1M.