An extraordinary and rare offering from renowned Architect Howard Theis, a spacious home, nestled in one of Lake Minnetonka’s most coveted neighborhoods. Homes overlooking Gray’s Bay rarely come to market. This Craftsman inspired gem, allows you to live lake life, without the long commute. With sweeping views of the bay, the residence seamlessly blends striking architectural lines with the peaceful rhythm of lake area living. The interior is a designer-curated masterpiece, featuring vibrant living spaces, thoughtful flow, and high-end materials throughout. The first-floor cedar front balcony is uniquely large and can accommodate many activities including outdoor dining and sitting area comfort. The primary suite opens to a private balcony overlooking the water—perfect for greeting the sunrise or sunset. A tucked-under garage provides discreet functionality while preserving the home’s clean, modern aesthetic. Enjoy the tranquility of this intimate community while being just minutes from major freeway access, making daily commutes and city excursions effortlessly convenient. Located within the top-ranked Minnetonka School District, this home offers not only beauty and privacy but access to some of Minnesota’s most prestigious education. New roof and HVAC in 2024 with meticulous home care are an added benefit to the tasteful interior design. Gray’s Bay public lake access and boat launch across the street; Libbs Lake just 0.7 miles away has opportunities for swimming, fishing, and boating, and offers numerous opportunities to enjoy the lake area to the fullest. Opportunity to renew boat slip lease, located one mile away on Libbs Lake, at time of purchase only via separate transaction. (Owner of home has had lease for 15-years.) This is more than a home—it is a rare chance to live artfully near the water, in a setting that’s both serene and superbly connected. Just four minutes drive to freeway access and minutes to downtown Wayzata or Minnetonka shopping and dining, you can have all facets of social lifestyle and culture while living in a cozy alcove.
Active
$1,495,000
17209 Grays Bay Blvd, Wayzata, MN 55391
4beds
3,326sqft
Est.:
Single Family Residence
Built in 2007
10,018.8 Square Feet Lot
$1,466,700 Zestimate®
$449/sqft
$-- HOA
What's special
Vibrant living spacesThoughtful flowTucked-under garageDesigner-curated masterpieceHigh-end materialsSpacious homeCraftsman inspired gem
- 32 days |
- 2,412 |
- 60 |
Zillow last checked: 8 hours ago
Listing updated: December 02, 2025 at 05:56am
Listed by:
Amber Linda Tyrrell 702-498-3576,
Lakes Sotheby's International Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6816345
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Living Room, Dining Room, Family Room, Kitchen, Foyer, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Recreation Room
Bedroom 1
- Level: Upper
- Area: 240 Square Feet
- Dimensions: 16x15
Bedroom 2
- Level: Upper
- Area: 156 Square Feet
- Dimensions: 13x12
Bedroom 3
- Level: Upper
- Area: 156 Square Feet
- Dimensions: 13x12
Bedroom 4
- Level: Upper
- Area: 132 Square Feet
- Dimensions: 12x11
Dining room
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11x11
Family room
- Level: Main
- Area: 240 Square Feet
- Dimensions: 20x12
Foyer
- Level: Main
- Area: 77 Square Feet
- Dimensions: 11x07
Kitchen
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13x11
Living room
- Level: Main
- Area: 165 Square Feet
- Dimensions: 15x11
Recreation room
- Level: Lower
- Area: 286 Square Feet
- Dimensions: 26x11
Heating
- Forced Air, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Cooktop, Dishwasher, Disposal, Double Oven, Exhaust Fan, Microwave, Refrigerator, Stainless Steel Appliance(s), Wall Oven, Water Softener Owned
Features
- Basement: Egress Window(s),Finished,Full,Storage Space,Sump Pump
- Number of fireplaces: 1
- Fireplace features: Family Room, Wood Burning
Interior area
- Total structure area: 3,326
- Total interior livable area: 3,326 sqft
- Finished area above ground: 2,554
- Finished area below ground: 528
Property
Parking
- Total spaces: 2
- Parking features: Asphalt, Electric Vehicle Charging Station(s), Garage Door Opener, Tuckunder Garage
- Attached garage spaces: 2
- Has uncovered spaces: Yes
- Details: Garage Dimensions (28x21)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Patio
- Fencing: Full,Wood
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake View, Waterfront Num(27013300), Lake Acres(14205), Lake Depth(113)
- Body of water: Minnetonka
Lot
- Size: 10,018.8 Square Feet
- Dimensions: 50 x 200
- Features: Near Public Transit, Wooded
Details
- Foundation area: 1277
- Parcel number: 1711722210061
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Fiber Board, Block, Frame
- Roof: Age 8 Years or Less,Asphalt
Condition
- Age of Property: 18
- New construction: No
- Year built: 2007
Utilities & green energy
- Electric: Circuit Breakers, Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
- Utilities for property: Underground Utilities
Community & HOA
Community
- Subdivision: Thorpe Bros Groveland Shores
HOA
- Has HOA: No
Location
- Region: Wayzata
Financial & listing details
- Price per square foot: $449/sqft
- Tax assessed value: $796,200
- Annual tax amount: $10,635
- Date on market: 11/12/2025
- Cumulative days on market: 196 days
- Road surface type: Paved
Estimated market value
$1,466,700
$1.39M - $1.54M
$6,250/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/12/2025 | Listed for sale | $1,495,000$449/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6816345 Report a problem | ||
| 11/8/2025 | Listing removed | $1,495,000$449/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6727730 Report a problem | ||
| 9/19/2025 | Price change | $1,495,000-4.5%$449/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6727730 Report a problem | ||
| 7/8/2025 | Price change | $1,565,000-3.7%$471/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6727730 Report a problem | ||
| 5/29/2025 | Listed for sale | $1,625,000+529.8%$489/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6727730 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,635 +5.8% | $796,200 +4.8% |
| 2024 | $10,050 +1.3% | $759,600 +0.2% |
| 2023 | $9,918 +16.6% | $758,100 +1.8% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$7,728/mo
Principal & interest
$5797
Property taxes
$1408
Home insurance
$523
Climate risks
Neighborhood: 55391
Nearby schools
GreatSchools rating
- 10/10Groveland Elementary SchoolGrades: K-5Distance: 0.4 mi
- 8/10Minnetonka East Middle SchoolGrades: 6-8Distance: 1.4 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 2.8 mi
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