OFF MARKET

Off Market Nov 2023 for $1.3M

$1,277,265

Est. refi paymentEst. refi $8,872/mo

•

—

sq ft

540 Indian Mound St Unit 1B, Wayzata, MN 55391

About this home

Come see this stunning south facing two bedroom condo in the highly sought after Wayzata Place with picturesque views of Wayzata Bay. Enjoy the open concept kitchen, informal dining and living room with a cozy gas fireplace. There are high end finishes throughout with custom cabinets, counter tops, built-ins, lighted bar/wine rack with a beverage cooler. The spacious primary bedroom suite offers a large walk-in closet, custom lighting, heated marble floors and oversized shower. Plenty of storage with storage closet across the hall. Relax in the cozy ground floor screened in patio that overlooks Lake Minnetonka and beautiful sunsets. Building amenities include underground heated garage, bike racks & recently renovated fitness room. Guest suite that has been fully remodeled available in the building. Walk to Wayzata's finest restaurants, shops & boutiques within steps of your front door. Come see this unique condo in the heart of downtown Wayzata!

CondoProperty Type

1979Year Built

2.45 acresLot Size

1 car garageParking

Listed by Mark Abdel • RE/MAX Advantage Plus

Redfin checked: a few seconds ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #6442574

Redfin Estimate

$1,277,265

$73K since sold in November 2023$42K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 397.7% higher than the average sale price ($257K) of 6 comparable homes.

SOLD AUG 17, 2026
$315,000
A
2 beds2 baths— sq ft
3020 Saint Albans Mill Rd #105, Minnetonka, MN 55305
SOLD JUL 7, 2026
$240,000
B
2 beds2 baths— sq ft
2200 Ranchview Ln N #136, Plymouth, MN 55447
SOLD BY REDFIN APR 30, 2026
$200,000
C
2 beds2 baths— sq ft
2040 Shenandoah Ct Unit B, Plymouth, MN 55447
SOLD JUN 30, 2026
$239,900
D
2 beds2 baths— sq ft
2425 Upland Ln N Unit F, Plymouth, MN 55447
SOLD AUG 26, 2026
$256,500
E
2 beds1 bath— sq ft
15735 26th Ave N Unit B, Plymouth, MN 55447
SOLD JUN 5, 2026
$288,500
F
2 beds2 baths— sq ft
15705 24th Ave N Unit B, Plymouth, MN 55447

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Earn from this home

Sell

$176,865

Est. take-home

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Refinance

Est. cash available

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Rent

$1,916/mo

Redfin rental estimate

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Market trends in 55391, MN

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

97.8%

0.1% MoM

Median sale price

$995K

$30K MoM

Avg. days on market

37d

13 days MoM

Recently sold homes

13 MoM

New listings for sale

NEW 15 HRS AGO
$2,975,000
3 beds4 baths2,836 sq ft
875 Lake St N #401, Wayzata, MN 55391
COMING SOON
$5,665,000
5 beds6 baths3,842 sq ft
1397 Orono Ln, Wayzata, MN 55391
$2,289,000
5 beds5 baths5,083 sq ft
18605 Azure Rd, Wayzata, MN 55391
$2,385,000
2 beds2 baths2,218 sq ft
875 Lake St N #210, Wayzata, MN 55391
$5,922,000
5 beds7 baths12,139 sq ft
326 Ferndale Rd W, Wayzata, MN 55391
OPEN TODAY, 12PM TO 2PM
$2,995,000
5 beds5 baths5,217 sq ft
355 Margaret Cir, Wayzata, MN 55391
$1,990,000
5 beds5 baths6,784 sq ft
2935 Minnehaha Curv E, Wayzata, MN 55391
OPEN SUN, 1PM TO 3PM
$875,000
3 beds3 baths3,431 sq ft
635 Waycliffe Dr N, Wayzata, MN 55391
FOR SALE BY OWNER
$1,000,000
2 beds4 baths2,408 sq ft
3010 Brooks Ln, Wayzata, MN 55391
$2,499,000
5 beds4 baths5,257 sq ft
2805 Center Rd, Wayzata, MN 55391
See all

Provided by Redfin

Sale history for 540 Indian Mound St Unit 1B

Date

Event

Price

NORTHSTARMLS as Distributed by MLS Grid #6442574

Nov 20, 2023

Sold

$1,350,000

Oct 14, 2023

Pending

—

Oct 6, 2023

Contingent

—

Oct 5, 2023

Listed

$1,350,000

NORTHSTARMLS as Distributed by MLS Grid #6185500

Jul 1, 2022

Sold

$1,250,000

Jun 22, 2022

Pending

—

Jun 12, 2022

Contingent

—

May 13, 2022

Price Changed

$1,299,000

Apr 30, 2022

Listed

$1,379,000

+33

Impressive south facing two bedroom condo in the highly sought after Wayzata Place, with unobstructed long views of Wayzata Bay into Excelsior Bay. Open concept kitchen, informal dining and living room with a ceramic surround fireplace. High end finishes throughout with custom cabinets, counter tops, built-ins, lighted bar/wine rack with beverage cooler. Spacious primary bedroom suite with walk in closet, custom lighting, heated marble floors and oversized marble shower. Plenty of storage w/ storage closet across the hall. Private ground floor screened in patio. Walk-able to Wayzata's casual fine dining restaurants, shops & boutiques. Building amenities include underground heated garage, bike racks & recently renovated fitness room. Guest suite, that has been fully remodeled, available in building.

NORTHSTARMLS as Distributed by MLS Grid #4903802

Mar 1, 2018

Sold

$610,000

Feb 14, 2018

Contingent

—

Jan 30, 2018

Listed

$649,000

NORTHSTARMLS as Distributed by MLS Grid #4598378

Jun 25, 2015

Sold

$475,000

Jun 4, 2015

Pending

—

May 14, 2015

Listed

$499,900

Public Records

May 1, 1986

Sold

$183,000

Public Records

May 1, 1980

Sold

$151,658

Year

Property tax

Land + Additions

Assessment*

2026

$15,096 (+2.7%)

$892,500 + $436,600

$1,329,100

2025

$14,692 (+4.0%)

$963,400 + $361,600

$1,325,000

2024

$14,124 (+54.2%)

$842,000 + $393,500

$1,235,500

2023

$9,162 (−4.0%)

$431,000 + $379,000

$810,000

2022

$9,541 (+3.4%)

$431,000 + $323,000

$754,000

2021

$9,231 (−3.5%)

$431,000 + $303,000

$734,000

2020

$9,567 (+17.1%)

$431,000 + $302,000

$733,000

2019

$8,170 (+4.1%)

$422,000 + $214,000

$636,000

2018

$7,846 (+13.6%)

$422,000 + $183,000

$605,000

2017

$6,906 (−13.8%)

$352,000 + $189,000

$541,000

2015

$8,014 (+0.9%)

$308,000 + $274,000

$582,000

2014

$7,942 (+0.9%)

$308,000 + $260,000

$568,000

2013

$7,875 (−2.9%)

$308,000 + $262,000

$570,000

2012

$8,106

$308,000 + $295,000

$603,000

Tax history for 540 Indian Mound St Unit 1B

Year

Property tax

Land + Additions

Assessment*

2026

$15,096 (+2.7%)

$892,500 + $436,600

$1,329,100

2025

$14,692 (+4.0%)

$963,400 + $361,600

$1,325,000

2024

$14,124 (+54.2%)

$842,000 + $393,500

$1,235,500

2023

$9,162 (−4.0%)

$431,000 + $379,000

$810,000

2022

$9,541 (+3.4%)

$431,000 + $323,000

$754,000

2021

$9,231 (−3.5%)

$431,000 + $303,000

$734,000

2020

$9,567 (+17.1%)

$431,000 + $302,000

$733,000

2019

$8,170 (+4.1%)

$422,000 + $214,000

$636,000

2018

$7,846 (+13.6%)

$422,000 + $183,000

$605,000

2017

$6,906 (−13.8%)

$352,000 + $189,000

$541,000

2015

$8,014 (+0.9%)

$308,000 + $274,000

$582,000

2014

$7,942 (+0.9%)

$308,000 + $260,000

$568,000

2013

$7,875 (−2.9%)

$308,000 + $262,000

$570,000

2012

$8,106

$308,000 + $295,000

$603,000

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

—

Year renovated

2015

Sq. Ft.

1,300

Year built

1979

Style

Condo/Co-op

County

Hennepin County

APN

06 117 22 31 0068

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 20, 2026.

Property details

Parking

Parking Information
Parking Features: Assigned, Garage Door Opener, Heated Garage, Underground
Garage Stall Num: 39
Garage Spaces: 1
Carport Spaces: 0

Interior

Bedroom Information
# of Bedrooms: 2

Bathroom Information
# of Three Quarter Baths (Total): 2
Description: 3/4 Primary,Private Primary,Main Floor 3/4 Bath

Room 1 Information
Room Type: Living Room
Room Dimensions: 17x13
Room Level: Main

Room 2 Information
Room Type: Dining Room
Room Dimensions: 17x9
Room Level: Main

Room 3 Information
Room Type: Kitchen
Room Dimensions: 17x16
Room Level: Main

Room 4 Information
Room Type: Bedroom 1
Room Dimensions: 16x11
Room Level: Main

Room 5 Information
Room Type: Bedroom 2
Room Dimensions: 12.5x10
Room Level: Main

Room 6 Information
Room Type: Laundry
Room Dimensions: 9x8
Room Level: Main

Room 7 Information
Room Type: Patio
Room Dimensions: 37x8
Room Level: Main

Basement Information
Basement Features: None

Dining Room Information
Dining Room Features: Informal Dining Room,Kitchen/Dining Room,Living/Dining Room

Other Rooms Information
All Living Facilities on One Level,Main Floor Bedroom,Main Floor Laundry

Fireplace Information
Has Fireplace
# of Fireplaces: 1
Fireplace Features: Gas, Living Room

Heating & Cooling
Heating Information: Baseboard, Hot Water
Cooling Information: Central Air

Interior Features
Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Laundry, Patio
Appliances: Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener Owned

Exterior

Building Information
Construction Materials: Brick/Stone
Foundation Area: 1,300

Exterior Features
Patio Porch Type: Covered,Rear Porch,Screened,Terrace

Waterfront Information
Waterfront Features: Lake View
Water Body Name: Minnetonka
Waterfront Num: 27013300
Lake Acres: 14,729
Lake Classification: General Development
Lake Depth: 113

Property Information
Above Ground Total Sq. Ft.: 1,300
FractionalOwnershipYN: No
Property Type: Residential
Property Sub Type: High Rise
Attached Property
Accessibility Features: Accessible Elevator Installed
Above Grade Finished Area: 1,300
Amenities: Hardwood Floors,Kitchen Center Island,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Natural Woodwork,Patio,Panoramic View,Washer/Dryer Hookup,Walk-In Closet

Lot Information
Lot Size Area: 2.45
Lot Size Units: Acres
Lot Size Dimensions: Irregular
Road Frontage Type: City Street

Financial

Tax Information
Tax Annual Amount: $9,162
Tax Year: 2023
Tax With Assessments: $9,162

Lease / Rent Details
RentalLicense Y/N: No

Utilities

Utility Information
Water Source: City Water/Connected
Electric: Circuit Breakers
Sewer: City Sewer/Connected
Fuel: Natural Gas

Location

Multi-Unit Information
Shared Rooms: Exercise Room,Guest Suite

HOA Information
Association Name: RowCal
Has HOA
Association Amenities: Elevator(s), In-Ground Sprinkler System, Patio, Security
Association Fee: $958
Association Fee Frequency: Monthly
Association Fee Includes: Air Conditioning, Controlled Access, Gas, Heating, Lawn Care, Professional Mgmt, Trash, Security, Shared Amenities, Snow Removal, Water

School Information
High School District: Wayzata
School District Number: 284
School District Phone: 763-745-5000

Location Information
Directions: Wayzata Blvd to south on Walker Ave to west on Indian Mound. Building on corner of Walker x Indian Mound.
Map Coordinate: 104-B3

Public facts

Beds: 1
Baths: 2.0
Sq. Ft.: 1,300
Stories: 1.0
Lot Size: —
Style: Condo/Co-op
Year Built: 1979
Year Renovated: 2015
County: Hennepin County
APN: 06 117 22 31 0068

Home facts updated by county records on Jul 20, 2026

Other

Documents & Disclosures
Restrictions: Rentals not Permitted,Pets - Cats Allowed,Pets - Dogs Allowed,Pets - Number Limit

Home Information
Living Area: 1300
Main Level Finished Area: 1300.0000
Building Area Total: 1300
Age Of Property: 46
Levels: One

Around this home

Schools

Gleason Lake Elementary School

Public K-5 • Assigned • 1.0mi

9/10

Wayzata West Middle School

Public 6-8 • Assigned • 0.5mi

9/10

Wayzata High School

Public 9-12 • Assigned • 5.2mi

10/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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)

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

Estimated sale price

$1.21M – $1.47M

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Nearby similar homes

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New listings for sale in 55391

NEW 15 HRS AGO

$2,975,000

3 beds4 baths2,836 sq ft

875 Lake St N #401, Wayzata, MN 55391

COMING SOON

$5,665,000

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1397 Orono Ln, Wayzata, MN 55391

$2,289,000

5 beds5 baths5,083 sq ft

18605 Azure Rd, Wayzata, MN 55391

$2,385,000

2 beds2 baths2,218 sq ft

875 Lake St N #210, Wayzata, MN 55391

$5,922,000

5 beds7 baths12,139 sq ft

326 Ferndale Rd W, Wayzata, MN 55391

OPEN TODAY, 12PM TO 2PM

$2,995,000

5 beds5 baths5,217 sq ft

355 Margaret Cir, Wayzata, MN 55391

$1,990,000

5 beds5 baths6,784 sq ft

2935 Minnehaha Curv E, Wayzata, MN 55391

OPEN SUN, 1PM TO 3PM

$875,000

3 beds3 baths3,431 sq ft

635 Waycliffe Dr N, Wayzata, MN 55391

FOR SALE BY OWNER

$1,000,000

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Home values near 540 Indian Mound St Unit 1B

Data from public records.

Address	Redfin Estimate
540 Indian Mound Street Unit 2C, Wayzata, MN 2 Beds \| 2 Baths \| 2320 Sq. Ft.	$1,908,209
540 Indian Mound Street Unit 4C, Wayzata, MN 2 Beds \| 2 Baths \| - Sq. Ft.	$1,361,235

Address	Redfin Estimate
560 Indian Mound Street Unit 2C, Wayzata, MN 2 Beds \| 2 Baths \| - Sq. Ft.	$1,398,222
520 Indian Mound Street Unit 2B, Wayzata, MN 1 Beds \| 2 Baths \| - Sq. Ft.	$1,206,996

Address	Redfin Estimate
540 Indian Mound Street Unit 2A, Wayzata, MN 3 Beds \| 2 Baths \| - Sq. Ft.	$1,354,865
540 Indian Mound Street Unit 3C, Wayzata, MN 2 Beds \| 2 Baths \| - Sq. Ft.	$1,685,789

Property information provided by NORTHSTARMLS as Distributed by MLS Grid when last listed in 2023. This data may not match . Learn more.

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