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.
Closed
$1,675,000
585 Ferndale Rd N, Wayzata, MN 55391
3beds
3,556sqft
Single Family Residence
Built in 1900
4.81 Acres Lot
$-- Zestimate®
$471/sqft
$5,175 Estimated rent
Home value
Not available
Estimated sales range
Not available
$5,175/mo
Zestimate® history
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$8,714/mo
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: May 06, 2025 at 01:44am
Listed by:
Ellen D DeHaven 952-473-3000,
Coldwell Banker Realty,
Jennifer Peterson 312-252-2221
Bought with:
Ellen D DeHaven
Coldwell Banker Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6331326
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Bedroom 1
- Level: Main
- Area: 280 Square Feet
- Dimensions: 14x20
Bedroom 2
- Level: Main
- Area: 264 Square Feet
- Dimensions: 22x12
Dining room
- Level: Main
- Area: 240 Square Feet
- Dimensions: 20x12
Family room
- Level: Main
- Area: 252 Square Feet
- Dimensions: 14x18
Kitchen
- Level: Main
- Area: 374 Square Feet
- Dimensions: 22x17
Living room
- Level: Main
- Area: 270 Square Feet
- Dimensions: 15x18
Other
- Level: Lower
- Area: 288 Square Feet
- Dimensions: 16x18
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Electric Water Heater, Humidifier, Iron Filter, Range, Refrigerator, Washer, Water Softener Owned
Features
- Basement: Other
- Number of fireplaces: 2
- Fireplace features: Double Sided, Masonry, Living Room, Wood Burning, Wood Burning Stove
Interior area
- Total structure area: 3,556
- Total interior livable area: 3,556 sqft
- Finished area above ground: 2,535
- Finished area below ground: 242
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: Lake, West
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake View, Waterfront Elevation(26-40), Waterfront Num(27015900), Lake Bottom(Weeds, Wetland), Lake Acres(12), Lake Depth(52)
- Body of water: Lydiard
Lot
- Size: 4.81 Acres
- Dimensions: 465 x 471 x 427 x 466
- Features: Many Trees
Details
- Additional structures: Additional Garage
- Foundation area: 1078
- Additional parcels included: 3611823110009
- Parcel number: 3611823110007
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick/Stone, Wood Siding, Block, Timber/Post & Beam, Brick, Concrete, Log, Stone
- Foundation: Brick/Mortar, Stone
- Roof: Age Over 8 Years,Asphalt
Condition
- Age of Property: 125
- New construction: No
- Year built: 1900
Utilities & green energy
- Gas: Natural Gas
- Sewer: Private Sewer, Septic System Compliant - No, Tank with Drainage Field
- Water: Private, Well
- Utilities for property: Underground Utilities
Community & neighborhood
Location
- Region: Wayzata
HOA & financial
HOA
- Has HOA: No
Price history
| Date | Event | Price |
|---|---|---|
| 10/5/2023 | Sold | $1,675,000-1.2%$471/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6331326 Report a problem | ||
| 9/8/2023 | Pending sale | $1,695,000$477/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6331326 Report a problem | ||
| 8/7/2023 | Price change | $1,695,000-15.2%$477/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6331326 Report a problem | ||
| 5/21/2023 | Listed for sale | $1,998,000$562/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6331326 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $4,551 -11.5% | $581,300 +29.2% |
| 2022 | $5,140 -0.6% | $450,000 -1.3% |
| 2021 | $5,168 +3.9% | $456,000 |
Find assessor info on the county website
Neighborhood: 55391
Nearby schools
GreatSchools rating
- 8/10Gleason Lake Elementary SchoolGrades: K-5Distance: 1.5 mi
- 8/10Wayzata West Middle SchoolGrades: 6-8Distance: 1.2 mi
- 10/10Wayzata High SchoolGrades: 9-12Distance: 3.9 mi
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- Minnesota
- Hennepin County
- Orono
- 55391
- 585 Ferndale Rd N