Lori Gustafson

480 Highcroft Road

Wayzata, MN
$ 3,150,000 Beds 6 Baths 4.5 Sq 3,934 Virtual Tour
Monthly Estimate* How much can I afford?

Nestled on one of Wayzata’s most storied streets, 480 Highcroft Road, Wayzata, MN offers an opportunity to build the dream home you have always wanted or renovate a meticulously maintained stylish home. The current structure offers exceptional space, enduring craftsmanship and a rare connection to the city’s rich history. Located in the distinguished Highcroft neighborhood on a spacious 1.21 acre parcel, this remarkable residence spans nearly 6,200 total square feet and features six spacious bedrooms, five bathrooms and a four-car garage. The setting is equally impressive. Downtown Wayzata’s celebrated restaurants, boutique shopping and vibrant Lake Minnetonka waterfront of Browns Bay and Wayzata Bay just minutes away. Inside, the home is filled with warmth, character and thoughtfully preserved architectural detail. White oak pegged-plank hardwood flooring flows throughout the main living spaces, complemented by solid wood doors, crystal doorknobs, custom built-ins and two inviting wood-burning fireplaces. The main-floor primary suite with full spa like bath features cherry hardwood flooring and an extraordinary six cedar-lined closets. A second main-level bedroom with a private bath is currently used as an office, offering an ideal space for guests, remote work or flexible living. The fully remodeled kitchen features durable hard-surface countertops and connects beautifully with the home’s formal dining room, sunroom and gracious gathering spaces. Every window throughout the residence, including those on the lower level, has been replaced, adding comfort, efficiency and natural light. Upstairs, four generously sized bedrooms provide exceptional flexibility for guests, hobbies or additional office space. The unfinished lower level presents more than 2,000 square feet of exciting future potential. High ceilings, two egress windows, a half bath, two washer and dryer sets and a utility sink create an outstanding foundation for additional bedrooms, recreation areas, a fitness studio, workshop or private guest suite. Rich in history, generous in scale and beautifully positioned near the heart of Wayzata, this distinctive Highcroft home offers timeless character, remarkable versatility and an opportunity rarely found this close to Lake Minnetonka.

Single Family

  • Price
  • $ 3,150,000
  • City
  • Wayzata
  • Bedrooms
  • 6
  • Full Bathrooms
  • 4
  • County
  • HENNEPIN
  • Half Bathrooms
  • 1
  • Area
  • Highcroft Sub
  • Lot Size
  • 1.21 Acres
  • Zip
  • 55391
  • Sqr Footage
  • 3,934
  • Year Built
  • 1955
  • Taxes
  • $ 26178
  • Style
  • Single Family
  • MLS#
  • 7096221
Listed By: Lakes Sotheby's International
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 3934
Sewer City Sewer/Connected
Heating Forced Air,Fireplace(s),Zoned
Cooling Central Air
Roof Age Over 8 Years
Appliances Dishwasher,Disposal,Dryer,Exhaust Fan,Microwave,Range,Refrigerator,Stainless Steel Appliances,Washer,Water Softener Owned
Garage Spaces 4
Pool Features None
Year Built 1955
Levels Two
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Hennepin
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Highcroft Sub
Full Baths 2
Directions Wayzata Blvd,left on Ferndale Rd S,right on Highcroft Rd,home on left
City Wayzata
High School District Wayzata
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 26178
Additional Parcels Y/N No
Virtual Tour https://tours.spacecrafting.com/n-yhr3k7
Standard Status Active
Lender Owned No
Amenities Unit Deck,French Doors,Hardwood Floors,Kitchen Center Island,Kitchen Window,Main Floor Primary Bedroom,Natural Woodwork,Paneled Doors,Porch,In-Ground Sprinkler,Sun Room,Tile Floors,Washer/Dryer Hookup
PostalCity Wayzata

Interior Features

Basement Block,Egress Window(s),Full,Storage Space,Unfinished
Total Fireplaces 3
Fireplace Features Brick,Living Room,Other,Wood Burning
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 3934
Half Baths 1
3/4 Baths 2
Laundry Features In Basement,Sink,Washer Hookup
Total Bedrooms 6
Total Baths 5
Bath Desc 1/2 Basement,Bathroom Ensuite,Main Floor 3/4 Bath,Main Floor Full Bath,Upper Level 3/4 Bath,Upper Level Full Bath
Dining Room Description Separate/Formal Dining Room
Fuel Natural Gas
Garage Dimensions 47x23
Garage Square Feet 1141

Exterior Features

Fencing None
Parking Features Attached Garage,Floor Drain,Garage Door Opener,Insulated Garage
Lot Features Cleared,Corner Lot,Tree Coverage - Medium
Water Source City Water/Connected
Lot Size Area 1.21
Building Area Total 6169
Lot Dimensions 364x275x282
Waterfront Y/N No
Foundation Area 2235
Road Frontage Type City Street
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

8/5/2026 Listed $3,150,000

Property vs Zip Code Average in 55391

Price
AVG $4.01M
$3.15M
Taxes
AVG $29,028
$26,178
Year Built
AVG 1995
1955
Visits
AVG 170
17
Data Provided by Inside Real Estate®

Areas That We Cover

480 Highcroft Road Wayzata, MN is a Single Family Home for sale at $3150000 with 3934 sqft and a lot size of 1.21 Acres Acre(s). 480 Highcroft Road Wayzata has 6 bedrooms, 4 baths and was built in 1955. The property's zip code is 55391 which is in Wayzata, 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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