USLakeFront Lake survey & intelligence

$240,000

3701 Point Ln, Wayzata, MN 54789

Sample listing
5
Bedrooms
4
Bathrooms
3,650
Square feet
150 ft
Shoreline
$1,600
Per shoreline ft

Renovated cedar cabin on a quiet cove on Lake Minnetonka. Roughly 150 feet of owned shoreline on 0.47 acres, with 5 bedrooms across 3,650 square feet. Permitted, not built. Water clarity on Lake Minnetonka averages around 8 feet and the lake is classified stable for water level. Dock and shoreline work fall under Lake Minnetonka Conservation Dist. This is a sample listing used to demonstrate the platform.

Features

Irrigation from lakeScreened porchNew seawallFire pitBoat liftGuest quartersGentle slope to waterRiprap shoreline

Property facts

Property typeEstate Year built1965 Lot size0.47 acres DockPermitted, not built Water depth at dock5 ft ExposureEast-facing ViewSunrise Annual taxes$3,136 HOA$45/mo Short-term rentalPermitted Listed2026-08-05
$2,796
All-in monthly
$57,010
Cash to close
$13,838
Costs beyond the obvious

Up front

Down payment$48,000
Closing costs (est. 2.4%)$5,760
Septic inspection & pump$850
Water quality testing$400
Waterfront home inspection$800
Survey (shoreline frontage)$1,200
Total$57,010

Every year

Principal & interest$15,174
Property taxes$3,136
Hazard insurance$1,400
Flood insurance$2,400
HOA / POA dues$540
Utilities$4,928
Maintenance reserve (1.1%)$2,640
Septic service$520
Well & water testing$260
Dock maintenance$900
Winterization / seasonal close$750
Shoreline / seawall reserve$900
Total$33,548
Adjust these assumptions →
$1,600
This home / shoreline ft
$1,172
Lake average
$66
Per square foot
Well above the lake average — this property prices at $1,600 per shoreline foot against a lake average near $1,172, a difference of 37%. Shoreline frontage is the metric that drives waterfront value, and it is almost never published.
Open the analyzer →
Modeled from the lake's estimated nightly rate and occupancy. Confirm local short-term rental rules before you rely on this.
Booked nights / year152 Gross revenue$57,130 Lodging tax−$6,284 Management−$10,169 Cleaning & supplies−$15,488 Net operating income$25,188 Against annual carry$-8,359
Model your own →
6.2
Lake score
C
Water grade
1 ft
Drawdown
Level stabilityStable Typical clarity8 ft Dock authorityLake Minnetonka Conservation Dist
Full Lake Minnetonka report →
Comparable

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