1397 Orono Lane Wayzata, MN $ 5,475,000
1397 Orono Lane
$ 5,475,000
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1397 Orono Lane

Wayzata, MN, 55391
$ 5,475,000
Bedrooms4 Baths6.0 Sq 4,312

Monthly Estimate*

$ 37,814

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Single Family Home for sale in Wayzata, MN

for $5,475,000 with 4 bedrooms and 6 full baths. This 4,312 square foot home was built in 1938 on a lot size of 0.59.

Welcome to 1397 Orono Lane, a stunning south-facing Lake Minnetonka retreat on Browns Bay, ideally located just minutes from downtown Wayzata. Extensively remodeled in 2026 by John Kraemer & Sons Inc, this thoughtfully reimagined home offers an exceptional floor plan along with beautiful lake views throughout. The redesigned main level centers around the reimagined chef's kitchen featuring a spacious center island, stainless steel appliances, a stylish walk-in pantry, and separate refrigerator and freezer. The reimagined primary suite offers the ultimate in comfort with a private laundry area, spa-like en-suite bathroom with separate soaking tub and shower, and an incredible walk-in closet with custom organizational components. Step directly from the primary bedroom onto the outdoor patio and enjoy the serene lake setting. A newly added main-level guest bedroom features a charming window seat, walk-in closet, private 3/4 bathroom, and access to the pocket office. The main level also includes a welcoming living room with gas fireplace, a screened porch with Phantom Screens, and expansive lake views from nearly every room. Upstairs, discover two additional bedrooms and a bonus room that could be used for storage, a playroom, or hobby space. The lower level adds even more functionality with a second laundry area complete with drying racks, a sauna/infrared light sauna, and another spacious bonus room perfectly suited for a home gym, hobby room, or additional flex space. Outside, enjoy beautifully manicured landscaping, a large paver patio, screened-in porch, and 116 feet of pristine Lake Minnetonka shoreline. The heated three-stall garage features epoxy flooring and a dedicated hangout area with TV, creating an ideal space for lake days, entertaining, and relaxing year-round. An exceptional opportunity to enjoy a beautifully updated home, stunning lake views, and the best of Lake Minnetonka living just minutes from Wayzata.

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Single Family Active

Price

$ 5,475,000

Bedrooms

4

Full Bath

6

Property Type

Single Family

Taxes

$ 48,705

Style

Single Family

Lot Size

0.59

Year Built

1938

Town/City

Wayzata

County/Region

Hennepin

MLS | Web ID

7101751

Features
General
Living Area 4312
Sewer City Sewer/Connected
Heating Boiler Forced Air Fireplace(s) In-Floor Heating
Cooling Central Air
Roof Composition
Appliances Dishwasher Disposal Dryer Freezer Microwave Range Refrigerator Stainless Steel Appliances Washer Wine Cooler
HOA Fee 0
Garage Spaces 3
Year Built 1938
View Bay Lake South
Levels One and One Half
Property Subtype Single Family
Tax Year 2026
Waterfront Features Dock Lake Front Lake View
Accessibility None
County Hennepin
New Construction N
Property Type Residential
HOA N
Contingency None
Subdivision Name Homes On Browns Bay
Full Baths 2
Directions From 494 take Hwy 12 west exit onto Shoreline Drive left on Orono Lane to house
City Wayzata
High School District Orono
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 48705.22
Additional Parcels Y/N N
Virtual Tour https://tours.spacecrafting.com/n-5r7htg
Standard Status Active
Lender Owned No
Amenities Unit Dock Exercise Room Hardwood Floors Kitchen Center Island Kitchen Window Primary Bedroom Walk-In Closet Main Floor Primary Bedroom Patio Panoramic View Sauna Sun Room Tile Floors Vaulted Ceiling(s) We
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Interior
Basement Finished Full Storage Space Tile Shower
Total Fireplaces 1
Fireplace Features Gas Living Room
Basement (Y/N) Y
Fireplace Y/N Y
Above Grade Finished Area 3173
Half Baths 0
1/4 Baths 0
3/4 Baths 4
Laundry Features In Basement Lower Level Main Level
Total Bedrooms 4
Below Grade Finished Area 1139
Total Baths 6
Bath Desc 3/4 Basement Basement Double Sink Bathroom Ensuite Full Primary Private Primary Main Floor 3/4 Bath Main Floor Full Bath Sauna Separate Tub & Shower Steam Shower Upper Level 3/4 Bath Upper Level Full
Dining Room Description Eat In Kitchen Informal Dining Room Kitchen/Dining Room Living/Dining Room
Fuel Natural Gas
Garage Dimensions 18x47
Garage Door Width 7
Garage Square Feet 846
Waterfront Feet 116
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Exterior
Fencing Other Partial
Parking Features Attached Garage Driveway - Other Surface Floor Drain Finished Garage Garage Door Opener Heated Garage Storage
Lot Features Accessible Shoreline Tree Coverage - Light
Water Source Well
Lot Size Area 0.59
Building Area Total 4598
Lot Dimensions Irregular
Waterfront Y/N Y
Foundation Area 1727
Road Frontage Type No Outlet/Dead End Paved Streets
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 1397
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* Excluded Features
List By
Compass

Broker

beth.ulrich@compass.com

Email

Affordability Calculator

$41,873
Per Month
90%
10%
0%
Monthly Principal & Interest
$37,814
Monthly Property Taxes
$4,059
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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.
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Nearby
3048611 Elementary School
3048682 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/5/2026$5,475,000 -3.35% Price Down
9/4/2026$5,665,000 Listed Price

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1397 Orono Lane, Wayzata, MN, 55391 is a Single Family Home for sale at $5,475,000 with 4,312 sqft and a lot size of 0.59. 1397 Orono Lane has 4 bedrooms, 6.0 baths, and was built in 1938. The property's zip code is 55391 which is in Wayzata, MN