Lori Gustafson

3845 Northome Road

Wayzata, MN
$ 7,200,000 Beds 4 Baths 4 Sq 4,380 Virtual Tour
Monthly Estimate* How much can I afford?

Set within a storied neighborhood, 3845 Northome Road is a remarkable expression of legacy. Originally built in 1895, the home was constructed during Lake Minnetonka's celebrated Golden Age—a time when grand hotels lined the shoreline, sailing regattas filled the bays, elegant verandas overlooked the water, and families arrived by steamboat to spend entire seasons at the lake. Crafted in an era when quality was measured in generations rather than decades, the residence stands as a timeless reflection of enduring craftsmanship and architectural character. Today, Northome is far more than an address—it is one of Lake Minnetonka's most treasured communities, where history, exceptional homes, and the lake's natural beauty converge to create an extraordinary lifestyle. Offering a rare opportunity to own a piece of this remarkable heritage, 3845 Northome Road represents not simply a home, but a legacy to be experienced and preserved for generations to come. This property totals 1.26 acres with an extraordinary 812 feet of shoreline. Enjoy a spectacular setting overlooking Light House Island that splits Carsons Bay and St. Louis Bay.

Single Family

  • Price
  • $ 7,200,000
  • City
  • Wayzata
  • Bedrooms
  • 4
  • Full Bathrooms
  • 3
  • County
  • HENNEPIN
  • Half Bathrooms
  • 2
  • Area
  • Auditors Sub 070
  • Lot Size
  • 1.26 Acres
  • Zip
  • 55391
  • Sqr Footage
  • 4,380
  • Year Built
  • 1895
  • Taxes
  • $ 43555
  • Style
  • Single Family
  • MLS#
  • 7110453
Listed By: Compass
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 4380
Sewer City Sewer/Connected
Heating Boiler
Cooling Central Air,Window Unit(s)
HOA Fee 900
Garage Spaces 2
Association Fee Includes Other
Year Built 1895
View Bay,Panoramic
Levels Two
Property Subtype Single Family
Tax Year 2025
Waterfront Features Lake Front
Accessibility None
Assoc Fee Paid Per Annually
County Hennepin
New Construction No
Property Type Residential
HOA Yes
Contingency None
Subdivision Name Auditors Sub 070
Full Baths 1
Directions 101 N to Minnetonka Blvd. W to continue as this turns into Northome Rd. Home at the end.
City Deephaven
Association Name Northome
High School District Minnetonka
Zoning Description Shoreline,Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 43555
Additional Parcels Y/N No
Virtual Tour https://tours.spacecrafting.com/nvideo-tzkxzf
Standard Status Active
Lender Owned No
Amenities Unit Dock,Patio,Porch,Panoramic View,Boat Slip
PostalCity Wayzata

Interior Features

Basement None
Total Fireplaces 2
Fireplace Features Family Room,Living Room,Wood Burning
Basement (Y/N) No
Fireplace Y/N Yes
Above Grade Finished Area 4380
Half Baths 2
3/4 Baths 2
Laundry Features Main Level
Total Bedrooms 4
Total Baths 5
Bath Desc Main Floor 1/2 Bath,Upper Level 3/4 Bath,Upper Level Full Bath
Dining Room Description Separate/Formal Dining Room
Fuel Natural Gas
Garage Dimensions 22x32
Garage Square Feet 704
Waterfront Feet 812

Exterior Features

Parking Features Attached Garage
Lot Features Irregular Lot
Water Source Well
Lot Size Area 1.26
Building Area Total 4380
Lot Dimensions Irregular
Waterfront Y/N Yes
Foundation Area 3298
Road Responsibility Road Maintenance Agreement

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

7/27/2026 Listed $7,200,000

Property vs Zip Code Average in 55391

Price
AVG $4.01M
$7.2M
Taxes
AVG $29,028
$43,555
Year Built
AVG 1995
1895
Visits
AVG 170
38
Data Provided by Inside Real Estate®

Areas That We Cover

3845 Northome Road Wayzata, MN is a Single Family Home for sale at $7200000 with 4380 sqft and a lot size of 1.26 Acres Acre(s). 3845 Northome Road Wayzata has 4 bedrooms, 3 baths and was built in 1895. 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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