Ideally located less than one mile from downtown Wayzata and within the highly sought-after Wayzata School District, this classic Cape Cod–style home blends timeless charm with thoughtful updates. Enjoy close proximity to local parks and the Luce Line Trail, along with a spacious backyard surrounded by mature trees, a private upper-level balcony, and a patio perfect for relaxing or entertaining. Inside, the remodeled kitchen features updated cabinet fronts, countertops, and appliances, complemented by refinished hardwood floors, new windows and fresh paint throughout, and added wainscoting detail. The upper level includes a private primary suite with a ¾ bath and a bedroom over the garage with two closets, while the walk-out lower level offers an additional ¾ bath, laundry area with utility sink, ample storage, and a new exterior door. Two fireplaces provide warmth and character across both living spaces, completing this inviting home in an exceptional location. ***A new retaining wall is scheduled to be installed within the next 1-2 weeks.
Single-familyProperty Type
1958Year Built
0.38 acresLot Size
2 car garageParking
Listed by Kristi Weinstock• Coldwell Banker Realty
Est. $3,292 per month, based on comparable rentals
Sale and tax history for 516 Shadyway Rd
Sale History
Tax History
Date
Event
Price
NORTHSTARMLS as Distributed by MLS Grid #7027564
Jun 5, 2026
Sold
$675,000
May 8, 2026
Pending
—
May 7, 2026
Listed
$649,900
NORTHSTARMLS as Distributed by MLS Grid #5579578
Aug 31, 2020
Sold
$380,000
Jul 5, 2020
Contingent
—
Jun 18, 2020
Listed
$414,900
Jun 10, 2020
Coming Soon
$414,900
+56
Welcome to this classic abode that sits less than 1 mile away from downtown Wayzata, and is located in the Wayzata School District. This Cape Cod style home has 3 bedrooms, 4 bathrooms, and features hardwood floors throughout the main and upstairs level. You will find two fireplaces that compliment both family rooms on the main and basement level. Featuring a backyard that hosts an ample amount of green space for privacy, yard games, and planting, as well as a paved patio and top floor balcony which are perfect places to relax and recharge.
Public Records
Nov 30, 2001
Sold
$272,500
NORTHSTARMLS as Distributed by MLS Grid #1533296
Dec 18, 2000
Sold
$275,000
Oct 15, 2000
Listing Removed
—
Sep 27, 2000
Listed
$289,000
A RARE OPPORTUNITY FOR AN AFFORDABLE, CHARMING, CAPE COD HOME IN WAYZATA! THREE SPACIOUS BEDRMS! 4 BATHS! 2 FPLCS! FAMILY ROOM ON WALK OUT LEVEL! A WONDERFUL NEIGHBORHOOD! HWD FLRS! GREAT YARD! $295K MARY ROBINSON 952-475-9241
Dining Room Features: Eat In Kitchen,Separate/Formal Dining Room
Other Rooms Information
3 BR on One Level
Fireplace Information
Has Fireplace
# of Fireplaces: 2
Fireplace Features: Family Room, Gas, Living Room, Wood Burning
Heating & Cooling
Heating Information: Forced Air, Other
Cooling Information: Central Air
Interior Features
Appliances: Cooktop, Disposal, Dryer, Electronic Air Filter, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener Owned