Homes for sale under $500k in Wayzata, MN

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COMING SOON

$385,000

2 beds2 baths1,792 sq ft

520 Hanlon Ave, Wayzata, MN 55391

4,791 sq ft lot • Garage • Built 1920

ABOUT THIS HOME
Homes for sale under $500k in Wayzata, MN
Welcome to 16612 Minnetonka Boulevard. This charming one-level rambler is a cozy 2-bedroom, 1-bath home nestled on a generous 0.34-acre flat lot, just under a mile from Gray’s Bay public access. This home blends comfort and functionality with a spacious living room, efficient kitchen, and finished lower level perfect for family or entertaining. Outside, enjoy relaxing on your deck or in the large yard, with a detached 2-car garage providing ample storage. With central air, forced-air heating, and proximity to top-rated schools, urban transit, and lake access, this is the ideal Minnetonka retreat. Be sure not to miss the endless opportunities of this property with both the character an

$299,900

2 beds1 bath980 sq ft

16612 Minnetonka Blvd, Minnetonka, MN 55345

Flat 0.3 acre lot • Public access • 0.34 acre lot

ABOUT THIS HOME
Homes for sale under $500k in Wayzata, MN
Experience living in the heart of Wayzata at the beloved Wayzata Villa Condos! This beautifully updated condo offers unbeatable access to everything Wayzata has to offer—just one block from Lake Minnetonka, Wayzata Beach, and the scenic Lakeside Park. Stroll to local favorites like 6Smith, charming shops, trails, and year-round lake activities right outside your door. Recent updates include a completely renovated kitchen, with new stainless appliances, an expanded island, quartz countertops, custom cabinets with two-tier sliding drawers and in-cabinet lighting, new lighting fixtures, and more. New LVP flooring throughout the unit. New wall-mounted A/C. The bathroom has also been compl

$250,000

1 bed1 bath725 sq ft

205 Barry Ave S #114, Wayzata, MN 55391

$466 HOA • Garage • Community pool

ABOUT THIS HOME
Homes for sale under $500k in Wayzata, MN
Discover a rare opportunity for a fixer-upper or to build your dream home on this beautiful lot, offering peaceful wetland views and a private, natural backdrop. This homesite combines tranquility with the convenience of being minutes from Lake Minnetonka, parks, trails, and charming local amenities. With ample space to design the home you’ve envisioned, this lot provides the perfect canvas for a modern retreat or timeless cottage. Nature lovers will appreciate the ever-changing landscape of the wetlands, offering year-round scenery and wildlife. Don’t miss your chance to create a one-of-a-kind residence in a premier location where privacy, natural beauty, and lifestyle all come

$189,900

1 bed2 baths650 sq ft

3660- Togo Rd, Wayzata, MN 55391

Wildlife • Year-round scenery • Premier location

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OPEN SAT, 11AM TO 1PM3D WALKTHROUGH

ABOUT THIS HOME
Homes for sale under $500k in Wayzata, MN
Enjoy 62+ cooperative living at Zvago Long Lake! This boutique-style cooperative offers outstanding amenities and a welcoming community. Ownership requires a one-time share payment and a monthly fee of $1,611 covering debt service, taxes (deductible), insurance, assigned garage stall, storage unit, DirectTV, water/sewer, trash, lawn care, in-home maintenance, and access to all common areas. Prime location near Long Lake Beach, Primo, Birches, The Red Rooster, and just minutes from downtown Wayzata shops and dining. Buyers must complete cooperative approval, including age verification, credit/background checks, and required documents. Garage stall and storage included. HELOC financing is acc

$499,900

2 beds2 baths1,740 sq ft

1948 W Wayzata Blvd #114, Long Lake, MN 55356

$1,611 HOA • Garage • Built 2023

ABOUT THIS HOME
Homes for sale under $500k in Wayzata, MN
Welcome to Woodbine! Tranquilly nestled in a serene suburban setting, this condo offers the perfect blend of peaceful living and convenient city access. Designed with the discerning empty nester or snowbird in mind, it delivers comfort, style, and practicality. Featuring a fantastic floor plan and walls of north facing windows. Enjoy an abundance of natural light that complements the spacious and comfortable layout and stunning views. Take in breathtaking sights of nature, a pond, and beautifully maintained gardens from your deck off the informal dining area. Generous room sizes offer ample space for relaxation and entertainment, featuring a primary suite and a flexible den/bedroom that cou

$499,900

2 beds2 baths1,547 sq ft

12700 Sherwood Pl #102, Hopkins, MN 55305

Deck off dining area • North facing windows • $1,145 HOA

ABOUT THIS HOME
Homes for sale under $500k in Wayzata, MN
Lovely one level townhome in prime Shorewood location. Move-in ready with refreshed baths, new carpet, paint and lighting. The appealing open floorplan is bathed in natural light and provides many architectural details. The formal dining/living rooms walk out to a cozy sunroom and large patio. The kitchen features new SS appliances, Quartz counters, island & breakfast area. The spacious owner's suite provides a large bedroom, custom closet and luxurious private bath with new Quartz counters, tile & lighting. The large family room is a great gathering room with extensive cabinetry & fireplace. There are functional built-ins throughout home and in the double garage. The ho

$499,000

1 bed2 baths1,801 sq ft

19767 Waterford Ct, Excelsior, MN 55331

$530 HOA • 2 garage spots • Built 1994

ABOUT THIS HOME
Homes for sale under $500k in Wayzata, MN
FHA ASSUMABLE LOAN at 3.125% interest rate. Classic mid-century brick rambler nestled in the desirable Glen Lake area of Minnetonka, beautifully maintained and thoughtfully updated throughout. The main level features oak hardwood floors, fresh neutral paint, cove molding, and a timeless layout. Enjoy abundant natural light through oversized windows and gather in the inviting living room around a gas fireplace with brick surround. The main level includes three comfortable bedrooms a full bath and a 1/2 bath, separate dining room, updated galley kitchen and walk-in pantry. The finished basement expands your living options with a spacious family room with a wood-burning fireplace and brick sur

$492,500

4 beds3 baths2,794 sq ft

4820 Williston Rd, Minnetonka, MN 55345

Gas fireplace • Cove molding • Oak hardwood floors

3D WALKTHROUGH

ABOUT THIS HOME
Homes for sale under $500k in Wayzata, MN
Step into this beautifully updated 4-bedroom, 2-bath home located in the highly sought-after Orono School District. Every detail has been thoughtfully modernized—featuring all new stainless steel appliances, updated kitchens and baths, and fresh finishes throughout. Major mechanicals have been upgraded, giving you peace of mind for years to come. The functional layout offers spacious living areas filled with natural light, a stylish and open kitchen, and comfortable bedrooms with generous closet space. Enjoy the perfect blend of modern updates and move-in ready convenience in an exceptional location close to parks, trails and lake Independence.

$489,000

4 beds2 baths1,922 sq ft

4835 Drake St, Maple Plain, MN 55359

Natural light • Updated kitchens • Open kitchen

ABOUT THIS HOME
Homes for sale under $500k in Wayzata, MN
Wow! Incredible Lake Minnetonka opportunity! Rarely available for year-round living, weekend boaters, or snowbirds. Built in 2015 with first-class amenities and an optional 30’ boat slip for just $1,300 per season! Lightly lived in and beautifully maintained. The upper-level open floor plan showcases the lake views and features a kitchen with center island, spacious family room, 25’ x 8’ deck, primary suite, and laundry. The walkout level offers a private guest suite or office, plus a heated two-car garage (or flexible bonus space). There’s truly nothing else like this on Lake Minnetonka at this price point—have it all! Boating, trails, restaurants, and shops a

$485,000

2 beds2 baths1,163 sq ft

5441 Lost Lake Ln, Mound, MN 55364

Open floor plan • Lake views • Private guest suite

Property at 15655 17th Pl N, Minneapolis, MN 55447, 3 beds, 3 baths

$475,000

3 beds3 baths2,038 sq ft

15655 17th Pl N, Minneapolis, MN 55447

Property at 5183 Independence St, Maple Plain, MN 55359, 6 beds, 3 baths

$475,000

6 beds3 baths3,062 sq ft

5183 Independence St, Maple Plain, MN 55359

Property at 4201 Sunset Dr Unit N308, Spring Park, MN 55384, 1 bed, 1 bath

$473,000

1 bed1 bath1,042 sq ft

4201 Sunset Dr Unit N308, Spring Park, MN 55384

Property at 2422 N Blossom Cir, Long Lake, MN 55356, 3 beds, 3 baths

$465,000

3 beds3 baths2,236 sq ft

2422 N Blossom Cir, Long Lake, MN 55356

Property at 5034 Yuma Ln N, Minneapolis, MN 55446, 4 beds, 4 baths

$450,000

4 beds4 baths2,230 sq ft

5034 Yuma Ln N, Minneapolis, MN 55446

Property at 15635 16th Pl N, Minneapolis, MN 55447, 2 beds, 3 baths

$450,000

2 beds3 baths2,250 sq ft

15635 16th Pl N, Minneapolis, MN 55447

Property at 4201 Sunset Dr Unit N412, Spring Park, MN 55384, 1 bed, 1 bath

$449,900

1 bed1 bath973 sq ft

4201 Sunset Dr Unit N412, Spring Park, MN 55384

Property at 15720 49th Ave N, Minneapolis, MN 55446, 4 beds, 2 baths

$440,000

4 beds2 baths1,816 sq ft

15720 49th Ave N, Minneapolis, MN 55446

Property at 4100 Spring St #214, Spring Park, MN 55384, 2 beds, 2 baths

$439,900

2 beds2 baths1,310 sq ft

4100 Spring St #214, Spring Park, MN 55384

Property at 4760 Dominick Dr, Hopkins, MN 55343, 3 beds, 2 baths

$430,000

3 beds2 baths2,060 sq ft

4760 Dominick Dr, Hopkins, MN 55343

Property at 12035 45th Ave N, Minneapolis, MN 55442, 4 beds, 2 baths

$429,900

4 beds2 baths2,257 sq ft

12035 45th Ave N, Minneapolis, MN 55442

Property at 17225 11th Ave N, Minneapolis, MN 55447, 3 beds, 3 baths

$425,000

3 beds3 baths1,678 sq ft

17225 11th Ave N, Minneapolis, MN 55447

Property at 25815 Wild Rose Ln, Excelsior, MN 55331, 3 beds, 2 baths

$419,900

3 beds2 baths1,846 sq ft

25815 Wild Rose Ln, Excelsior, MN 55331

Property at 3802 Togo Rd, Spring Park, MN 55384, 3 beds, 2 baths

$418,000

3 beds2 baths1,830 sq ft

3802 Togo Rd, Spring Park, MN 55384

Based on information submitted to the MLS GRID as of Fri Jan 02 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Homes for sale under $500k in Wayzata

There are currently 4 homes for sale under $500k in Wayzata. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Wayzata stay on the market for 93 days and receive 3 offers. Popular neighborhoods include Plymouth-Wayzata. This map is refreshed with the newest listings in Wayzata every 15 minutes.

In the past month, 6 homes have been sold in Wayzata. In addition to houses in Wayzata, there were also 10 condos, 6 townhouses, and 1 multi-family unit for sale in Wayzata last month. Find your dream home in Wayzata using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Wayzata are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Wayzata. Our Wayzata real estate stats and trends will give you more information about home buying and selling trends in Wayzata. If you're looking to sell your home in the Wayzata area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Wayzata with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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