Wayzata is one of the most sought-after lakeside communities in the Minneapolis metro, blending small-town charm with an upscale, sophisticated lifestyle. Nestled on the shores of Lake Minnetonka, this city of just over 4,200 residents offers an exclusive yet welcoming atmosphere. Located 11–12 miles west of downtown Minneapolis, Wayzata provides easy access to the city while preserving its serene, lakeside character. Covering about 3.2 square miles, it’s a compact yet vibrant destination where convenience meets luxury.
Start exploring the market with the Wayzata real estate & homes for sale page, and get oriented with the Moving to Wayzata guide.
Key demographics highlight Wayzata’s affluent profile. The median age is 58.5 years, reflecting a mature, established community. With a median household income of $125,344 and an average household income of $260,466, residents enjoy a high standard of living.
Wayzata is known for its upscale, lakeside ambiance. Residents and visitors alike are drawn to its walkable downtown, filled with boutiques, gourmet restaurants, and cozy coffee shops. Seasonal events, such as James J. Hill Days and festive holiday markets, add to its lively, community-oriented charm.
Sip and stroll your way through town with the best coffee shops in Wayzata, and plan weekends outdoors using the Wayzata parks and trails guide.
The city also boasts an active social scene, with access to exclusive yacht clubs, community organizations, and cultural gatherings. Whether enjoying lakeside dining, boating on Wayzata Bay, or attending a gala, Wayzata offers a balanced mix of relaxation and refinement.
Wayzata’s real estate market reflects its reputation as a premier lakeside destination. The area is dominated by Wayzata luxury homes & estates, elegant new construction, and established neighborhoods with timeless appeal.
Median home price (Aug 2025): $864,000
Average home value: $887,443
Median listing price (Aug 2025): $2.3M
Median price per square foot: $557
Price growth since 2012: +99%
Average days on market: 44–57
Searching by lifestyle? See Wayzata condos for sale for low-maintenance living, or consider a custom build with Wayzata land for sale.
Planning a purchase at the top end? Read How to buy a luxury home and brush up on real estate financing basics and real estate negotiation strategies.
Selling soon? Maximize value with best ROI home improvements, time your listing with the best time to sell a house, and follow the ultimate guide to selling your house in Wayzata. Pre-market prep is easier with the pre-listing home inspection guide.
Wayzata ranks among the highest in the Twin Cities for waterfront homes, making it a prime location for buyers seeking direct access to Lake Minnetonka.
Families are drawn to Wayzata for its access to the Wayzata Public School District, widely recognized as one of the best in Minnesota. The district is celebrated for academic excellence, college readiness, and diverse extracurricular programs. Its reputation makes Wayzata a magnet for families who value top-tier education.
Downtown Wayzata is a culinary and shopping destination in its own right.
Dining: Favorites include Gianni’s Steakhouse and CōV Wayzata, both offering upscale lakeside dining experiences.
Coffee & Treats: Map your caffeine run with the best coffee shops in Wayzata.
Shopping: Upscale boutiques, art galleries, and specialty shops line the main streets, perfect for a leisurely afternoon.
Leisure: For design lovers, explore Architectural landmarks in Wayzata.
Wayzata’s location on Lake Minnetonka makes it a paradise for outdoor enthusiasts.
Water Activities: Boating, fishing, paddleboarding, and ice fishing in winter.
Parks & Trails: Plan outings with the Wayzata parks and trails guide.
Nearby Adventures: Make the most of the area with day trips from Wayzata.
Fitness & Wellness: Stay active with local ideas from best ways to stay active in Wayzata.
This blend of year-round activities ensures that nature is always at your doorstep.
Wayzata’s location strikes the perfect balance between lakeside seclusion and urban convenience.
Commute to Minneapolis: 20–25 minutes by car
Major Highways: I-394 and Highway 12 provide direct access
Airport: About a 25–30 minute drive to Minneapolis–Saint Paul International Airport (MSP)
Public Transit: Limited bus service; residents typically rely on cars for transportation
Wayzata’s roots trace back to its days as a resort town in the late 1800s, when it became a retreat for Minneapolis’ elite. Over time, it evolved into an affluent residential hub while preserving its historical charm.
Explore the city’s character through Architectural landmarks in Wayzata and a community snapshot in Wayzata Together – sponsor spotlight. For a look at top-tier properties, see The Landing penthouse sale in Wayzata.
4,363 people live in Wayzata, where the median age is 58.5 and the average individual income is $128,742. Data provided by the U.S. Census Bureau.
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Wayzata has 2,149 households, with an average household size of 2.02. Data provided by the U.S. Census Bureau. Here’s what the people living in Wayzata do for work — and how long it takes them to get there. Data provided by the U.S. Census Bureau. 4,363 people call Wayzata home. The population density is 1,408.96 and the largest age group is Data provided by the U.S. Census Bureau.
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Compass
401 Lake Street East, Unit 200
Wayzata, MN 55391
Ulrich Real Estate Group
