875 Lake St
Wayzata, MN 55391
2 bd 2 ba 1,570 sqft Built 2015 condos
Most recent sale
$1,300,000
May 12, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 12, 2022 | Sold | $1,300,000 | MLS #6170347 |
| Apr 12, 2022 | Listed | $1,300,000 | MLS #6170347 |
| Dec 5, 2017 | Sold | $719,999 | MLS #4850951 |
| Nov 10, 2017 | Relisted | $719,999 | MLS #4850951 |
| Sep 15, 2017 | Listing removed | $719,999 | NorthstarMLS |
| Sep 8, 2017 | Price changed | $719,999 | MLS #4850951 |
| Aug 23, 2017 | Price changed | $750,000 | MLS #4850951 |
| Aug 15, 2017 | Price changed | $775,000 | MLS #4850951 |
| Jul 7, 2017 | Listing removed | $839,000 | NorthstarMLS |
| Jul 6, 2017 | Listed | $799,000 | MLS #4850951 |
| Jun 12, 2017 | Price changed | $839,000 | MLS #4781786 |
| May 5, 2017 | Price changed | $859,999 | MLS #4781786 |
| Jan 16, 2017 | Price changed | $899,999 | MLS #4781786 |
| Dec 9, 2016 | Listed | $915,000 | MLS #4781786 |
| Dec 3, 2016 | Listing removed | $925,000 | NorthstarMLS |
| Nov 22, 2016 | Price changed | $925,000 | MLS #4748059 |
| Aug 6, 2016 | Listing removed | $939,000 | NorthstarMLS |
| Aug 5, 2016 | Listed | $929,000 | MLS #4748059 |
| Jun 18, 2016 | Price changed | $939,000 | MLS #4680885 |
| Apr 29, 2016 | Price changed | $949,900 | MLS #4680885 |
| Feb 21, 2016 | Price changed | $985,000 | MLS #4680885 |
| Feb 19, 2016 | Listed | $965,000 | MLS #4680885 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $710,000 | $544,000 | $1,254,000 | $14,954 |
| 2024 | $844,300 | $439,200 | $1,283,500 | $14,711 |
| 2023 | $689,000 | $256,000 | $945,000 | $10,868 |
| 2022 | $595,000 | $256,000 | $851,000 | $10,927 |
| 2021 | $569,000 | $234,000 | $803,000 | $10,210 |
| 2020 | $561,000 | $210,000 | $771,000 | $10,127 |
| 2019 | $538,000 | $248,000 | $786,000 | $10,387 |
| 2018 | $538,000 | $248,000 | $786,000 | $10,570 |
| 2017 | $538,000 | $248,000 | $786,000 | $10,625 |
Property facts
Year built
2015
Property type
condos
Stories
1
Beds
2
Baths
2
Living area
1,570 sqft
Lot size
—
ZIP code
55391
City
Wayzata
Street
Lake St
Coordinates
44.96880, -93.50608
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$7,800
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 875 Lake St last sell?
875 Lake St most recently sold on May 12, 2022 for $1,300,000.
What is the current tax assessment for 875 Lake St?
The most recent total assessment for 875 Lake St (year 2025) is $1,254,000 with $14,954 in property tax.
How does 875 Lake St's assessment compare to its last sale price?
The current assessment is 3.5% below the last sale price of $1,300,000.
When was 875 Lake St built?
875 Lake St was built in 2015.
How does 875 Lake St compare to others on Lake St?
We track 8 other properties on Lake St. Browse the list under "Other properties on Lake St" to compare beds, baths, and sale history.
What are the property facts for 875 Lake St?
875 Lake St is a 2 bed, 2 bath, 1,570 sqft condos.
Is 875 Lake St a flip candidate?
No — 875 Lake St does not appear in our flips dataset.
Is 875 Lake St a tax-appeal candidate?
No — 875 Lake St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+6.7%
Implied 1-yr
+26.8%
2026 Q3
$2.76M
2026 Q4
$2.89M
ZIP 55391 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Lake St