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About this home
A premier Lake Minnetonka estate in the coveted village of Minnetonka Beach, this exceptional residence offers 61 feet of pristine shoreline on sought-after Smith Bay and a rare opportunity to enjoy one of the lake’s most distinguished communities. Set on 0.73 acres with an east-facing lakeside setting, the property enjoys abundant natural light, beautiful water views, and a sandy-bottom shoreline on Lake Minnetonka’s Lower Lake. Originally custom built in 2012 and extensively renovated by Mikan in 2026 with more than $800,000 invested in recent improvements, the home has been completely reimagined with an exceptional level of craftsmanship and has never been lived in since its transformation. Offering approximately 5,001 finished square feet across three levels, the home combines sophisticated design with comfortable, functional lake living. Wide-plank white oak flooring flows throughout the main living spaces, complemented by Visual Comfort lighting, designer finishes, custom cabinetry, and thoughtfully selected materials. The open-concept main level is designed to take full advantage of the lake setting, with expansive windows framing Smith Bay and creating a seamless connection between the interior and outdoor living spaces. At the heart of the home is a beautifully appointed chef’s kitchen featuring a full Wolf appliance suite, Sub-Zero refrigeration, an expansive center island, V-groove ceiling detail, custom cabinetry, and exquisite stonework. The kitchen opens directly to the dining and great room, creating an ideal setting for everyday living and entertaining. The light-filled great room is anchored by a dramatic floor-to-ceiling Taj Mahal quartz fireplace and surrounded by glass that showcases the lake beyond. The adjacent dining area comfortably accommodates a large gathering while maintaining incredible views of the water. A spacious private study provides a refined work-from-home retreat, while a custom mudroom just off the heated three-car garage features floor-to-ceiling cabinetry for exceptional organization. Main-level laundry is conveniently located nearby, with a second laundry room upstairs providing added everyday convenience. The upper level is highlighted by a private primary suite with sweeping views of Smith Bay and sliding glass doors opening to a lakeside balcony. The spa-inspired primary bath features marble finishes, a furniture-style vanity, rain shower, premium Kallista plumbing fixtures, and a custom dressing room. An additional upper-level bedroom also enjoys beautiful lake views and direct balcony access. The oversized custom bunk room provides an inviting space for family and guests and comfortably sleeps six. Each bedroom features a walk-in closet, and the home offers exceptional storage throughout. Nearly 1,025 square feet of newly finished lower-level living space creates a true recreation and wellness destination. Designed for year-round enjoyment, this level features a spacious media lounge with a big-screen theater wall, dedicated golf simulator bay, beautifully finished fitness studio, sauna, dedicated space for a cold plunge, and a full bath with walk-in shower. The thoughtful layout provides an ideal environment for entertaining, exercise, relaxation, and wellness without ever leaving home. Outdoor living is equally impressive. The east-facing lakeside setting features an expansive stone patio, outdoor kitchen, beautifully landscaped grounds, and a Soake dipping pool that doubles as a hot tub for year-round enjoyment. A heated screened porch overlooking the water features ceiling-mounted infrared heaters, extending the outdoor season well into the cooler months. Mature trees and professional landscaping provide a picturesque backdrop while preserving the open lake views. Just steps from the home, 61 feet of prime Smith Bay shoreline and a private dock provide direct access to everything Lake Minnetonka has to offer. The sandy-bottom shoreline, Class A water on lower lake!
Welcome to this timeless, custom-built Lake Minnetonka residence where refined design meets effortless lakeside living. The great room is both inviting and sophisticated, centered around a stone-surround fireplace and expansive sliding doors that open to a deck and beautifully landscaped backyard, perfectly positioned for both intimate mornings and elevated entertaining. Seamlessly connected to the screened-in porch, the home offers a natural flow between indoor and outdoor living, ideal for long summer evenings by the water. A chef’s dream kitchen featuring a beverage fridge, a dedicated coffee station, and a buffet passthrough, with thoughtfully designed pantry storage. Additional features include a main-level office, a spacious mudroom with custom storage plus oversized closet and drop zone. The upper level features five well-appointed bedrooms, including a tranquil primary suite with a private covered deck overlooking the lake. The spa-inspired primary bath has been completely reimagined with sophisticated design finishes, dual vanities, a soaking tub, and a separate walk-in shower. All bedrooms feature walk-in closets, and all bathrooms throughout the home have been updated, complemented by new Restoration Hardware lighting and plush upper-level carpeting. Stepping outdoors reveals a thoughtfully transformed lakeside setting with newly designed landscaping and a new heated in-ground plunge pool. The outdoor culinary terrace is expertly equipped with a built-in grill, cooktop, and beverage cooler, offering a kitchen like setting that transforms lakeside gatherings from casual to exceptional. The unfinished lower level provides flexibility and abundant storage, ready to accommodate a future recreation room, golf simulator, additional bathroom, and more. This home also offers a heated 3 car garage. Located in the coveted Minnetonka Beach neighborhood, this home embodies a lifestyle of relaxed sophistication and timeless Lake Minnetonka living.
NORTHSTARMLS as Distributed by MLS Grid #6466403
Apr 30, 2024
Sold
$3,935,000
$787/sq ft
Mar 26, 2024
Pending
—
Mar 22, 2024
Contingent
—
Dec 6, 2023
Listed
$4,095,000
$819/sq ft
NORTHSTARMLS as Distributed by MLS Grid #6452997
Dec 6, 2023
Listing Removed
—
Nov 30, 2023
Listing Removed
—
Oct 29, 2023
Listed
$4,195,000
$839/sq ft
Public Records
Nov 8, 2011
Sold
$800,000
$160/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$46,419 (+20.0%)
$2,154,600 + $1,572,500
$3,727,100
2025
$38,681 (+21.5%)
$1,882,700 + $1,304,800
$3,187,500
2024
$31,833 (+16.8%)
$1,882,700 + $856,500
$2,739,200
2023
$27,256 (+9.2%)
$1,637,000 + $688,000
$2,325,000
2022
$24,956 (−0.7%)
$1,353,000 + $548,000
$1,901,000
2021
$25,139 (+0.9%)
$1,389,000 + $533,000
$1,922,000
2020
$24,910 (+1.3%)
$1,261,000 + $542,000
$1,803,000
2019
$24,595 (+0.3%)
$1,201,000 + $546,000
$1,747,000
2018
$24,532 (+15.3%)
$1,201,000 + $521,000
$1,722,000
2017
$21,271 (+11.5%)
$911,000 + $559,000
$1,470,000
2015
$19,082 (+14.3%)
$800,000 + $526,000
$1,326,000
2014
$16,690 (+57.3%)
$600,000 + $494,000
$1,094,000
2013
$10,611 (−7.0%)
$780,000 + $1,000
$781,000
2012
$11,406
$869,000 + $16,000
$885,000
Public record
Beds
4
Baths
3.5
Stories
1.75
Lot width
—
Lot depth
—
Lot size
0.73 Acres
Year renovated
2012
Finished Sq. Ft.
3,920
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,920
Year built
2012
Style
Single Family Residential
County
Hennepin County
APN
15 117 23 31 0066
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 16, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 98° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Wayzata, MN • 55391
Average low and high temperatures (°F)
21
5
29
13
48
28
56
38
69
49
77
60
84
67
78
63
75
58
64
46
44
31
28
14
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Wayzata. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.3 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2412 Lafayette Rd
$5,631,616
$67K under list price of $5.70M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.7M to $6.4M.