#6692711, Listing office: RE/MAX Results
$3,999,500 List price
1038 Lake St E Wayzata, MN 55391
5 beds
2 full, 1 partial
5,402 sqft
$740 / sqft
House
Property details
About 1038 Lake St E
Downtown Wayzata luxury with lake views, walkability, and flawless design. Crafted by the acclaimed Black Dog Homes and designed by Alexander Design Group in collaboration with Vivid Home, this stunning new construction captures the essence of elevated living—where form meets function and every detail is intentional. Enjoy views of Wayzata Bay in an unbeatable location just steps from the lake, shops, and restaurants. The open-concept main level flows effortlessly between the gourmet kitchen, scullery, dining area, and a sophisticated living room centered around a custom fireplace. A sun-filled four-season room opens to an elegantly landscaped patio—perfect for entertaining or relaxing in privacy. Upstairs, four bedrooms each feature en suite baths and walk-in closets. The primary suite is a true retreat, offering serene lake views, a spa-inspired bath, and a custom-designed walk-in closet. A dedicated laundry room on this level adds daily convenience. The lower level delivers exceptional lifestyle amenities, including a large family room, private exercise studio, and a cutting-edge golf simulator—heated by in-floor radiant warmth. An elevator services all three levels, providing seamless access throughout the home. Discover the difference in design, quality, and execution that defines every Black Dog Homes experience.
Highlights
Home typeSingle Family Residence
HeatingForced Air, Radiant Floor
StatusActive
CoolingCentral Air
Size5,402 sqft
BasementYes
Year builtNew Const., 2024
ParkingAttached Garage, Garage Door Opener, Heated Garage, Insulated Garage
MLS #6742016
Attached garage3 spaces
WaterfrontLake
FireplaceGas, Living Room
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 2
- Appliances: Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Freezer, Microwave, Range, Refrigerator, Oven, Washer
- Basement: Yes
- Fireplace: Gas, Living Room
- Total Bedroom Count: 5
- Garage Space: 3 spaces
- Attached Garage: Yes
- Parking: Attached Garage, Garage Door Opener, Heated Garage, Insulated Garage
- Waterfront: Lake
- Heating: Forced Air, Radiant Floor
- Cooling: Central Air
- List Price: $3,999,500
- Price/SqFt: $740
- HOA Amount: $0
- Annual Tax Amount: $12,358
- Tax Year: 2023
- Lot: Few Trees
- Directions: East on Lake Street E to cul-de-sac. Continue straight on cul-de-sac. Homesite on right.
- Year Built: 2024
- Living Area: 5,402 SqFt
- MLS Number: 6742016
- MLS Name: NORTHSTAR
- Office Name: Engel & Volkers Lake Minnetonka
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $- | $12,358 |
History based on county public records data.
Nearby schools
7
Gleason Lake Elementary School
Public District KG-5
1.0 mi
•310 County Road 101 N
4
Birchview Elementary School
Public District KG-5
1.7 mi
•425 Ranchview Ln N
10
Groveland Elementary
Public District KG-5
1.7 mi
•17310 Minnetonka Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $61,932. Typical income of Wayzata, MN residents is between $35k-100k annually. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
26%
<35k
45%
35k-100k
13%
100k-200k
16%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
65%
Single, No Kids
8%
Single, with Kids
21%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
5%
12-17 yrs old
18%
18-34 yrs old
40%
35-64 yrs old
27%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Symphony or Opera
Figure Skating
Where do the neighbors shop?
Stein Mart
Chico's
Nordstrom Rack
Where do the neighbors go to eat?
Bonefish Grill
Cracker Barrel
Boston Market
What do the neighbors drive?
Lincoln
Cadillac
Buick
What do the neighbors listen to?
Classical
Soft Adult Contemporary
Talk/Personality
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1038 Lake St E
The listing price of 1038 Lake St E property is $3,999,500.
The property 1038 Lake St E is a house located in Wayzata, Minnesota, 55391.
Active Listing: 1038 Lake St E is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1038 Lake St E are: Gleason Lake Elementary School (GreatSchools Rating 7/10), Birchview Elementary School (GreatSchools Rating 4/10), Groveland Elementary (GreatSchools Rating 10/10), West Middle School (GreatSchools Rating 8/10), Central Middle School (GreatSchools Rating 7/10), Minnetonka Middle School East (GreatSchools Rating 9/10), Tier Two (GreatSchools Rating 1/10), Tier Three (GreatSchools Rating 1/10), Hopkins West Junior High (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $12,358 (source: MLS/based on county public records data).
The property at 1038 Lake St E has 5 bedrooms and 2 full and 1 half bathrooms.
The property 1038 Lake St E is 5,402 SqFt (source: MLS/tax record).
The year of construction for 1038 Lake St E is 2024.
This home is located at 1038 Lake St E in Wayzata, MN and zip code 55391. This 5,402 square foot home was built in 2024. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since June 21, 2025 and is currently priced at $3,999,500.
Wayzata, MN housing market in June 2025 saw over 10 listings sold above listed price, more than 9 sold at listed price and over 18 sold below. The inventory of homes for sale in Wayzata, MN between May and June 2025 increased by 0.6%. Listings spent 24 days on the market in June 2025, and had a median list price of $982,500 during the same period.
From Rocket Homes Real Estate and based on county public records data.