Build your dream home with westerly views overlooking Lake Lydiard. Tucked away at the end of a private drive minutes from Wayzata, this exceptional 4.81 acre homesite offers a peaceful, secluded setting with beautiful lake views, spectacular sunsets, and direct access to walking trails that wind through the surrounding natural landscape. The generous site provides the perfect canvas for a custom residence designed to embrace both privacy and the outdoors. This homesite provides opportunity to accommodate many lifestyle ideas, such as a pool, sports court, oversized garage, detached garage for car collectors, etc. Enjoy the convenience of downtown Wayzata's renowned restaurants, shops, and Lake Minnetonka amenities while experiencing the tranquility of a setting that feels worlds away. Offering a rare blend of natural beauty, privacy, and accessibility, this is an exceptional opportunity to create a truly remarkable home in one of the area's most desirable locations.
Plymouth-Wayzata, located between Lake Minnetonka and Medicine Lake, is a lakeside and suburban Plymouth neighborhood with wooded shorelines and polished retail pockets. The neighborhood’s character concentrates around the Wayzata Boulevard–Lake Street corridor, where marina slips, sidewalk patios, and small storefronts set a lake-town cadence. Wayzata Bar & Grill, 6Smith, and the Wayzata Depot anchor local routines with dining, gathering, and a touch of rail history. Housing ranges from mid-century ramblers to newer builds on curving, tree-lined streets. Trails and parks stitch together water views and everyday errands. The pace feels outdoors-forward, with boats, bikes, and café tables sharing the same calendar.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Gently rolling terrain
Walkout topography
Exterior features
Irregular-shaped lot
Adjoins public land
Heavy and medium tree coverage
Paved streets
Private road frontage; storm sewer
Publicly maintained road access
Home design
Land property (raw land)
Construction
No building information (vacant land)
Utilities
Cable available
Electricity available
Natural gas available
Sewer available
Phone available
No utilities currently connected
Other
Open restrictions
Electricity and solar
View estimated energy costs and solar savings for this home
Once in a lifetime gem! This is a truly rare opportunity to own a nearly 5-acre private building site overlooking Lake Lydiard in walking distance of Wayzata! If you love nature, privacy, and convenience, this is where your new dream home can be built! This home and site are tucked away in a wonderful neighborhood at the end of a nearly hidden driveway. The property has never been offered for sale in the last 50 years, and as such it is really an extraordinarily rare opportunity. The existing cottage house is loaded with charm but is likely a tear down as the value is in the land. There are historic elements of the home that could be repurposed. There is a wonderful trail that meanders around this private lake and of course the lake is known for its great quality fishing. There is wildlife galore, and this peaceful setting enjoys spectacular sunsets. You can bring your own builder. We are awaiting final revised survey that will show the building pad and septic sites.
NORTHSTARMLS as Distributed by MLS Grid #6331326
Oct 5, 2023
Sold
$1,675,000
Sep 8, 2023
Pending
—
Aug 7, 2023
Price Changed
$1,695,000
May 21, 2023
Listed
$1,998,000
May 18, 2023
Coming Soon
$1,998,000
+1
Once in a lifetime gem! This is a truly rare opportunity to own a nearly 5-acre private building site overlooking Lake Lydiard in walking distance of Wayzata! If you love nature, privacy, and convenience, this is where your new dream home can be built! This home and site are tucked away in a wonderful neighborhood at the end of a nearly hidden driveway. The property has never been offered for sale in the last 50 years, and as such it is really an extraordinarily rare opportunity. The existing cottage house is loaded with charm but is likely a tear down as the value is in the land. There are historic elements of the home that could be repurposed. There is a wonderful trail that meanders around this private lake and of course the lake is known for its great quality fishing. There is wildlife galore, and this peaceful setting enjoys spectacular sunsets. You can bring your own builder.
Year
Property tax
Land + Additions
Assessment*
2024
$5,932 (+30.3%)
$531,300 + $50,000
$581,300
2023
$4,551 (−11.5%)
$400,000 + $50,000
$450,000
2022
$5,140 (−0.6%)
$406,000 + $50,000
$456,000
2021
$5,168 (+3.9%)
$406,000 + $50,000
$456,000
2020
$4,975 (+6.5%)
$375,000 + $50,000
$425,000
2019
$4,672 (+7.6%)
$350,000 + $50,000
$400,000
2018
$4,340 (+1.0%)
$350,000 + $15,000
$365,000
2017
$4,297 (−21.2%)
$350,000 + $15,000
$365,000
2015
$5,451 (+1.0%)
$425,000 + $15,000
$440,000
2014
$5,397 (+10.2%)
$412,000 + $15,000
$427,000
2013
$4,898 (−10.4%)
2012
$5,468
Public record
Public record
Permits
Beds
3
Baths
2.5
Stories
1
Lot width
—
Lot depth
—
Lot size
2.81 Acres
Year renovated
1960
Finished Sq. Ft.
2,380
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,380
Year built
1900
Style
Single Family Residential
County
Hennepin County
APN
36 118 23 11 0007
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Apr 24, 2025.
Mar 26, 2026 • Final
Demolition
Demolish an existing building.
Demolition
Aug 9, 2010 • Final
Residential general building
Minor residential roof tear off and reroof.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Historical weather
Wayzata, MN • 55391
Average low and high temperatures (°F)
21
5
29
13
48
28
56
38
69
49
77
60
83
66
78
63
77
59
64
46
44
31
28
14
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
97/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 12% for direct sun exposure in Wayzata. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 585 Ferndale Rd N
$2,342,628
$252K under list price of $2.60M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $545K to $3.2M.