Lori Gustafson

22620 Hayward Avenue N

Forest Lake, MN
$ 1,750,000 Beds 6 Baths 5 Sq 9,250
Monthly Estimate* How much can I afford?

Luxury Live Auction! Bidding to start from $1,750,000.00! A rare waterfront estate where luxury, lifestyle, and substantial built-in value come together in one exceptional offering. Set on 110 feet of private shoreline with a perfectly flat lakeside lawn, sandy beach, and an extensive 280-foot dock and lift system with an approximate $250,000 value, this property delivers a waterfront experience that is increasingly difficult to recreate. The home has been thoughtfully transformed with nearly $700,000 in updates, enhancing both the design and long-term function of the property. From refinished hardwood floors, designer lighting, whole-home technology, updated mechanicals, rebuilt maintenance-free decks, improvements to the resort-style indoor pool and spa, the major investments have already been made. Inside, more than 9,000 square feet of living space offers grand lake-facing rooms, a chef-inspired kitchen, multiple gathering areas, a full lower-level entertainment space, and exceptional flexibility for hosting, relaxing, and everyday living. A 5-car garage setup, bonus space above the detached garage, and year-round indoor pool create a level of lifestyle, utility, and comfort rarely found in a single property. For buyers who understand the cost of land, shoreline, construction, updates, and premium waterfront amenities, the value is clear. This is more than a lake home — it is a turnkey private retreat with irreplaceable features already in place.

Single Family

  • Price
  • $ 1,750,000
  • City
  • Forest Lake
  • Bedrooms
  • 6
  • Full Bathrooms
  • 4
  • County
  • WASHINGTON
  • Half Bathrooms
  • 2
  • Area
  • Forest Shores
  • Lot Size
  • 0.54 Acres
  • Zip
  • 55025
  • Sqr Footage
  • 9,250
  • Year Built
  • 2004
  • Taxes
  • $ 20652
  • Style
  • Single Family
  • MLS#
  • 7083912
Listed By: Coldwell Banker Realty
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 9250
Sewer City Sewer/Connected
Heating Boiler,Forced Air,Fireplace(s),Humidifier,In-Floor Heating
Cooling Central Air
Roof Age Over 8 Years,Architectural Shingle,Asphalt
Appliances Air-To-Air Exchanger,Central Vacuum,Cooktop,Dishwasher,Disposal,Double Oven,Dryer,ENERGY STAR Qualified Appliances,Exhaust Fan,Humidifier,Gas Water Heater,Water Filtration System,Water Osmosis System
Garage Spaces 5
Pool Features Below Ground,Heated,Indoor
Construction Materials Concrete,Frame
Year Built 2004
View Lake,West
Levels Two
Property Subtype Single Family
Tax Year 2025
Waterfront Features Dock,Lake Front,Lake View
Accessibility None
County Washington
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Forest Shores
Other Structures Garage(s),Bunk House
Full Baths 3
Directions Hwy 35,(E) on Hwy 8/Lake Blvd,(R or S) on Greenway Avenue,(L) on North Shore Trail,(R) on Hayward Avenue N to home on the Right.
City Forest Lake
High School District Forest Lake
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 20652
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s),Deck,Dock,Exercise Room,French Doors,Hardwood Floors,Hot Tub,Intercom System,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Natural Wood
PostalCity Forest Lake

Interior Features

Basement Drain Tiled,Drainage System,Finished,Full,Storage Space,Sump Pump,Walkout
Total Fireplaces 3
Fireplace Features Family Room,Gas,Living Room,Primary Bedroom,Stone
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 6125
Half Baths 2
3/4 Baths 1
Laundry Features Laundry Closet,Lower Level,Laundry Room,Main Level,Sink,Upper Level
Total Bedrooms 6
Below Grade Finished Area 3125
Total Baths 6
Bath Desc 3/4 Basement,Double Sink,Bathroom Ensuite,Full Primary,Full Basement,Private Primary,Main Floor 1/2 Bath,Separate Tub & Shower,Steam Shower,Upper Level Full Bath,Jetted Tub,Walk-In Shower Stall
Dining Room Description Breakfast Bar,Breakfast Area,Informal Dining Room,Kitchen/Dining Room,Separate/Formal Dining Room
Fuel Natural Gas
Garage Dimensions 23x33
Garage Square Feet 1258
Waterfront Feet 110

Exterior Features

Fencing Invisible
Parking Features Attached Garage,Detached Garage,Asphalt,Electric Vehicle Charging Station(s),Floor Drain,Finished Garage,Garage Door Opener,Heated Garage,Insulated Garage,Multiple Garages,RV Access/Parking
Lot Features Tree Coverage - Medium
Water Source Private,Well
Lot Size Area 0.54
Building Area Total 9775
Lot Dimensions 100x244x90x228
Waterfront Y/N Yes
Foundation Area 3053
Road Frontage Type City Street,Paved Streets
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

6/1/2026 Listed $3,950,000
8/27/2026 56% - $1,750,000

Property vs Zip Code Average in 55025

Price
AVG $570K
$1.75M
Taxes
AVG $5,237
$20,652
Year Built
AVG 1983
2004
Visits
AVG 69
19
Data Provided by Inside Real Estate®

Areas That We Cover

22620 Hayward Avenue N Forest Lake, MN is a Single Family Home for sale at $1750000 with 9250 sqft and a lot size of 0.54 Acres Acre(s). 22620 Hayward Avenue N Forest Lake has 6 bedrooms, 4 baths and was built in 2004. The property's zip code is 55025 which is in Forest Lake, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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