Lori Gustafson

355 Margaret Circle

Wayzata, MN
$ 2,995,000 Beds 5 Baths 4.5 Sq 5,217
Monthly Estimate* How much can I afford?

A rare opportunity awaits to build your dream home on a stunning .81-acre parcel, beautifully wooded on both sides with serene, private views overlooking a natural wetland. Nestled within the highly sought-after Margaret Circle neighborhood, you’ll enjoy a tranquil setting while remaining highly walkable to downtown Wayzata. This is truly one of the best lots available in Wayzata! This new construction project is build-exclusive to Gonyea Custom Homes. This custom residence is crafted for luxurious modern living, featuring an exceptional multi-level layout: The main level features a Primary Suite with an expansive bathroom/closet area, Office, Great Room, Gourmet Kitchen, Dining Room, Laundry, and ½ bath. Includes a Screen porch and Grilling Deck. The second level is designed with three generous Bedrooms, one with a ¾ ensuite bath, and a Jack & Jill bathroom adjoining the other two bedrooms. The lower level walk-out is dedicated to recreation, featuring a large Family Room, Game Room, stylish Walk-up Bar, and an indoor Athletic Court with extra Storage, and two more bonus Bedrooms, and a Full bathroom. Seize this chance to customize and create your perfect sanctuary with Gonyea Custom Homes in one of the most idyllic neighborhoods in Wayzata!

Single Family

  • Price
  • $ 2,995,000
  • City
  • Wayzata
  • Bedrooms
  • 5
  • Full Bathrooms
  • 4
  • County
  • HENNEPIN
  • Half Bathrooms
  • 1
  • Area
  • Fazendins Add To Wayzata
  • Lot Size
  • 0.81 Acres
  • Zip
  • 55391
  • Sqr Footage
  • 5,217
  • Year Built
  • 2026
  • Taxes
  • $ 7344
  • Style
  • Single Family
  • MLS#
  • 7137188
Listed By: Engel & Volkers Lake Minnetonka
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 5217
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air,Zoned
Garage Spaces 3
Year Built 2026
Levels More Than 2 Stories
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Hennepin
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Fazendins Add To Wayzata
Full Baths 3
Directions Hwy 12 to Wayzata Blvd W,N on Broadway,W on Ridgeview Dr,N on Far Hill,Left on Margaret Circle to property.
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 7344
Additional Parcels Y/N No
Builder Name GONYEA HOMES AND REMODELING
Standard Status Active
Lender Owned No
PostalCity Wayzata

Interior Features

Basement Finished,Walkout
Total Fireplaces 2
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 3617
Half Baths 1
3/4 Baths 1
Total Bedrooms 5
Below Grade Finished Area 1600
Total Baths 5
Fuel Natural Gas
Garage Square Feet 625

Exterior Features

Parking Features Attached Garage
Water Source City Water/Connected
Lot Size Area 0.81
Building Area Total 5217
Lot Dimensions 169' x 199' x 239' x 188'
Waterfront Y/N No
Foundation Area 1600

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

9/1/2026 Listed $2,995,000

Property vs Zip Code Average in 55391

Price
AVG $4.02M
$3M
Taxes
AVG $29,094
$7,344
Year Built
AVG 1996
2026
Visits
AVG 172
38
Data Provided by Inside Real Estate®

Areas That We Cover

355 Margaret Circle Wayzata, MN is a Single Family Home for sale at $2995000 with 5217 sqft and a lot size of 0.81 Acres Acre(s). 355 Margaret Circle Wayzata has 5 bedrooms, 4 baths and was built in 2026. 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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