3535 Ivy Place, Wayzata, MN 55391 (MLS# 7049412)


$1,495,000
3535 Ivy Place
Wayzata, MN 55391
MLS# 7049412
6 beds  |  5 baths  |  3979 sqft


The property’s true value lies in its setting. With ample space on the lot, there’s potential for storage, outdoor living areas, and additional structures.
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The property’s true value lies in its setting. With ample space on the lot, there’s potential for storage, outdoor living areas, and additional structures. 3535 Ivy Place offers a rare opportunity: nearly an acre of land with 90 feet of protected lakefront along Carman’s Bay on Lake Minnetonka, widely regarded as the metro’s premier lake. Photo 3 Though in need of updated decking, dock, stairs, and landscaping, it offers a private connection to the bay. Enjoy views of the lake! Property boasts 1.02 acres of natually wooded areas providing both privacy and beauty Photo 7 Photo 8 Photo 9 Photo 10 Photo 11 Photo 12 Photo 13 Photo 14 Photo 15 Photo 16 Photo 17 Photo 18 Photo 19 Photo 20 Photo 21 Photo 22 Photo 23 Photo 24 Photo 25 Photo 26 Photo 27 Photo 28 Photo 29 Photo 30 Photo 31 Photo 32 Photo 33 Photo 34 Photo 35 Photo 36 Photo 37 Photo 38 Photo 39 Photo 40 Photo 41 This is an invitation to envision a lifestyle defined by Carman’s Bay—schedule a visit to explore its possibilities. Photo 43 Photo 44 Photo 45 Photo 46

Property Description
3535 Ivy Place offers a rare opportunity: just over an acre of land with 90 feet of protected lakefront along Carman’s Bay on Lake Minnetonka. What a community on Casco Point, offering the small lake town feel within minutes of downtown. Navarre, Spring Park and Mound offer so many options for fun and eats. The multi-level home includes six bedrooms and five bathrooms. Remarkably well-preserved, the residence presents multiple possibilities— renovate to enhance its charm, remodel for a modern touch, or remove it to create a custom lakefront retreat. The property’s value surely lies in its setting. With ample space on the lot, there’s potential for storage, outdoor living areas, and additional structures. Inside, the home features hardwood floors, generous windows showcasing lake views, and a versatile layout across multiple levels. While it requires updates, its condition and location make it an exceptional foundation for the right buyer. Properties with this combination of lakefront access and expansive land are seldom available at this price point. This is an invitation to envision a lifestyle defined by Casco Point on Carman’s Bay!

Details
Maps
Documents
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Contingency: None
Current Price: $1,495,000
Original List Price: 1495000
ListPrice: 1495000
List Date: 2026-04-07
Office/Member Info
Association: MAAR
General Property Information
Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 2
Road Btwn WF & Home?: No
Waterfront Frontage: 90
Waterfront Present: Yes
Year Built: 1976
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Lot Dimensions: Commons
Acres: 1.02
Bath Three Quarters: 2
Bath Half: 0
Lake/Waterfront Name: Minnetonka
Bath Quarter: 0
Main Floor Total SqFt: 1334
Above Grd Total SqFt: 2824
Below Grd Total SqFt: 1155
Total Finished Sqft: 3979.00
FireplaceYN: Yes
Foundation Size: 1263
Style: (SF) Single Family
Garage Stalls: 3
Association Fee: 0
Assessment Pending: Yes
Bedrooms: 6
Baths Total: 5
Bath Full: 3
Total SqFt: 3979
Location, Tax and Other Information
AssocFeeYN: No
Legal Description: LOT 002 BLOCK 001 CASCO COVE
Listing City: Orono
Map Page: 117
Municipality: Orono
School District: Westonka
School District Phone: 952-491-8001
DNR Lake ID#: 27013300
DNR Lake Classification: General Development
Country: US
Property ID Number: 2011723420035
Tax Year: 2025
Tax Amount: 17198.12
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: 3535 Ivy Place offers a rare opportunity: just over an acre of land with 90 feet of protected lakefront along Carman’s Bay on Lake Minnetonka. What a community on Casco Point, offering the small lake town feel within minutes of downtown. Navarre, Spring Park and Mound offer so many options for fun and eats. The multi-level home includes six bedrooms and five bathrooms. Remarkably well-preserved, the residence presents multiple possibilities— renovate to enhance its charm, remodel for a modern touch, or remove it to create a custom lakefront retreat. The property’s value surely lies in its setting. With ample space on the lot, there’s potential for storage, outdoor living areas, and additional structures. Inside, the home features hardwood floors, generous windows showcasing lake views, and a versatile layout across multiple levels. While it requires updates, its condition and location make it an exceptional foundation for the right buyer. Properties with this combination of lakefront access and expansive land are seldom available at this price point. This is an invitation to envision a lifestyle defined by Casco Point on Carman’s Bay!
Directions: From intersections of Hwy 15 & 19, go West on 15 1/2 mile. Take a left on Casco Point Road just past the Dairy Queen. Follow Casco Point Road back (windy) for 1.5 miles and make a left at the top of the hill on Casco Circle. Follow Casco Circle one block and take your first left onto Ivy Place.
Accessible
None: 1
Air Conditioning
Central Air: 1
Amenities Unit
Ceiling Fan(s): 1
Deck: 1
Hardwood Floors: 1
In-Ground Sprinkler: 1
Kitchen Center Island: 1
Kitchen Window: 1
Natural Woodwork: 1
Panoramic View: 1
Primary Bedroom Walk-In Closet: 1
Vaulted Ceiling(s): 1
Walk-In Closet: 1
Washer/Dryer Hookup: 1
Appliances
Air-To-Air Exchanger: 1
Cooktop: 1
Dishwasher: 1
Disposal: 1
Dryer: 1
Electronic Air Filter: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 17198.12
Basement
Egress Windows: 1
Bath Description
Main Floor Full Bath: 1
Upper Level Full Bath: 1
Private Primary: 1
3/4 Basement: 1
Building Information
Finished SqFt Above Ground: 2824
Finished SqFt Below Ground: 1155
Construction Status
Previously Owned: 1
Dining Room Description
Breakfast Area: 1
Separate/Formal Dining Room: 1
Exterior
Brick/Stone: 1
Cement Board: 1
Wood: 1
Family Room Characteristics
2 Story/High/Vaulted Ceilings: 1
Entertainment/Media Center: 1
Family Room: 1
Lower Level: 1
Main Level: 1
Fireplace Characteristics
Family Room: 1
Gas Burning: 1
Living Room: 1
Foundation
Concrete Block: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Insurance Fee
Insurance Fee: 0
Lake Details
Lake Acres: 14205
Lake Depth: 113
Soft: 1
Lake/Waterfront
Lake Front: 1
Lake View: 1
Laundry
Upper Level: 1
Lease Details
Land Leased: Not Applicable
Lot Description
Irregular Lot: 1
Tree Coverage - Medium: 1
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 38x23
Garage Square Feet: 874
Patio, Porch and Deck Features
Deck: 1
Pool Description
None: 1
Road Frontage
City Street: 1
Roof
Asphalt Shingles: 1
Sellers Terms
Cash: 1
Conventional: 1
Sewer
City Sewer/Connected: 1
Special Search
2nd Floor Laundry: 1
3 BR on One Level: 1
Main Floor Bedroom: 1
Stories
Two: 1
Water
City Water/Connected: 1
Waterfront View
Lake: 1
Location Tax and Other Information
House Number: 3535
Street Name: Ivy
Street Suffix: Place
Postal City: Wayzata
County: Hennepin
State: MN
Zip Code: 55391
Property Features
Accessible: None
Air Conditioning: Central Air
Amenities Unit: Ceiling Fan(s); Deck; Hardwood Floors; In-Ground Sprinkler; Kitchen Center Island; Kitchen Window; Natural Woodwork; Panoramic View; Primary Bedroom Walk-In Closet; Vaulted Ceiling(s); Walk-In Closet; Washer/Dryer Hookup
Appliances: Air-To-Air Exchanger; Cooktop; Dishwasher; Disposal; Dryer; Electronic Air Filter; Microwave; Range; Refrigerator; Washer
Basement: Egress Windows
Bath Description: Main Floor Full Bath; Upper Level Full Bath; Private Primary; 3/4 Basement
Construction Status: Previously Owned
Dining Room Description: Breakfast Area; Separate/Formal Dining Room
Exterior: Brick/Stone; Cement Board; Wood
Family Room Characteristics: 2 Story/High/Vaulted Ceilings; Entertainment/Media Center; Family Room; Lower Level; Main Level
Fireplace Characteristics: Family Room; Gas Burning; Living Room
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Forced Air
Lake Details: Soft
Laundry: Upper Level
Lot Description: Irregular Lot; Tree Coverage - Medium
Pool Description: None
Road Frontage: City Street
Roof: Asphalt Shingles
Sellers Terms: Cash; Conventional
Sewer: City Sewer/Connected
Special Search: 2nd Floor Laundry; 3 BR on One Level; Main Floor Bedroom
Stories: Two
Water: City Water/Connected
Waterfront View: Lake
Room Information
Room Name Dimensions Level
Bonus Room11x7Lower
Dining Room13x10Main
Family Room36x23Lower
Fifth (5th) Bedroom14x13Upper
First (1st) Bedroom12x9Main
Fourth (4th) Bedroom17x14Upper
Foyer14x7Main
Kitchen18x17Main
Living Room24x20Main
Primary Bath15x13Main
Second (2nd) Bedroom15x13Main
Sixth (6th) Bedroom12x11Basement
Third (3rd) Bedroom17x12Upper

IDX
Listing Office: RE/MAX Preferred

Last Updated: April - 12 - 2026

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