875 Lake St
Wayzata, MN 55391
2 bd 2 ba 1,620 sqft Built 2014 Lot 71,003 sqft condos
Most recent sale
$985,000
Jun 28, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 28, 2022 | Sold | $985,000 | MLS #6185735 |
| Jun 23, 2022 | Relisted | $995,000 | MLS #6185735 |
| Jun 2, 2022 | Relisted | $995,000 | MLS #6185735 |
| May 11, 2022 | Price changed | $995,000 | MLS #6185735 |
| Apr 28, 2022 | Listed | $1,050,000 | MLS #6185735 |
| Apr 11, 2022 | Price changed | $1,050,000 | MLS #6167833 |
| Mar 23, 2022 | Listed | $1,100,000 | MLS #6167833 |
| Apr 5, 2021 | Listing removed | $975,000 | NorthstarMLS |
| Mar 24, 2021 | Listed | $975,000 | MLS #5729871 |
| Mar 16, 2021 | Listing removed | $995,000 | NorthstarMLS |
| Feb 5, 2021 | Listed | $995,000 | MLS #5709408 |
| Feb 5, 2021 | Listing removed | $1,000,000 | NorthstarMLS |
| Oct 30, 2020 | Price changed | $1,000,000 | MLS #5636371 |
| Sep 3, 2020 | Listed | $1,050,000 | MLS #5636371 |
| Aug 19, 2014 | Listing removed | $830,000 | NorthstarMLS |
| Jul 18, 2014 | Listed | $830,000 | MLS #4507285 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $601,800 | $544,000 | $1,145,800 | $12,536 |
| 2024 | $605,000 | $512,400 | $1,117,400 | $11,678 |
| 2023 | $702,000 | $298,000 | $1,000,000 | $11,007 |
| 2022 | $606,000 | $298,000 | $904,000 | $11,456 |
| 2021 | $578,000 | $273,000 | $851,000 | $10,464 |
| 2020 | $568,000 | $245,000 | $813,000 | $10,304 |
| 2019 | $551,000 | $221,000 | $772,000 | $9,858 |
| 2018 | $551,000 | $221,000 | $772,000 | $10,108 |
| 2017 | $551,000 | $221,000 | $772,000 | $10,457 |
Property facts
Year built
2014
Property type
condos
Stories
1
Beds
2
Baths
2
Living area
1,620 sqft
Lot size
71,003 sqft
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
$5,910
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 Jun 28, 2022 for $985,000.
What is the current tax assessment for 875 Lake St?
The most recent total assessment for 875 Lake St (year 2025) is $1,145,800 with $12,536 in property tax.
How does 875 Lake St's assessment compare to its last sale price?
The current assessment is 16.3% above the last sale price of $985,000.
When was 875 Lake St built?
875 Lake St was built in 2014.
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, 1,620 sqft, 71,003 sqft lot 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?
Yes — 875 Lake St appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
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