Skip to content
Skip to content
TopHapOpen in map
CondominiumResidential

240 Minnetonka Ave

WAYZATA, MN 55391
2016
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
Built 20164 floors9 units1,844–4,475 ft²
$24M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$2.5M
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$950
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

+103.8%vs the Wayzata ZIP median sale $/ft² ($466)

Sales Performance

$2.9M
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
—
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
3
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
33.3%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
+7.9%per yeartypical hold 1.9 yrsfrom 6 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
2017201820192020202120222026
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
2017201820192020202120222026

18 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

2 bed
9 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$1.9M–$2.1M
2 units
$2.3M–$2.3M
1 unit
$2.4M–$2.5M
2 units
$2.6M–$2.7M
2 units
$3.4M–$3.4M
1 unit
$3.9M–$3.9M
1 unit

Value by Floor & LineAverage estimated price per square foot by floor range, using unit numbers to infer floors. Higher floors usually price higher — the gap shows how much the view is worth here.

Floor 2
$976/ft²
Floor 3
$973/ft²
Floor 4
$907/ft²

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.11%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.44%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.6.0 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.80%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.18%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$2,041,135
Median tax billThe middle annual property tax bill among the building's units.$31,402
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit 304Oct 2, 2026$3,048,750Unit 203May 28, 2026$2,700,000Unit 304Apr 3, 2026$2,900,000Unit 303Oct 24, 2022$2,250,000Unit 201May 20, 2022$2,250,000Unit 203Sep 29, 2021$2,100,000Unit 202Aug 9, 2021$1,800,000Unit 304May 18, 2021$2,000,000Unit 304Dec 10, 2020$1,000,471Unit 302Nov 2, 2020$2,200,000

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.24 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyHENNEPIN
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.2017
HeatingThe type of heating system in the home.Floor/Wall Furnace
CoolingThe type of cooling or air conditioning in the home.Package
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
West Middle SchoolA+
Middle · Grades 6–8 · 0.4 mi
E
Gleason Lake Elementary SchoolA+
Elementary · Grades KG–5 · 0.9 mi
H
Wayzata High SchoolA+
High · Grades 9–12 · 5.1 mi

District: Wayzata Public School District

Neighborhood · ZIP 55391These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.95
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.92
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.8

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.89%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.46%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.4.7%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.9%
PopulationHow many people live in this area.16,434
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.587 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$154,708
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$233,868
Average tempThe average temperature here across a full year.45°F
Annual precipHow much rain and melted snow falls here in a typical year.30 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

240 Minnetonka Ave S # 201
2 bd · 2.8 ba · 3,084 ft²
$2.6M
240 Minnetonka Ave S # 202
2 bd · 1.8 ba · 2,095 ft²
$2.1M
240 Minnetonka Ave S # 203
2 bd · 1.8 ba · 2,433 ft²
$2.7M
240 Minnetonka Ave S # 301
2 bd · 1.8 ba · 1,844 ft²
$1.9M
240 Minnetonka Ave S # 302
2 bd · 2.3 ba · 2,810 ft²
$2.5M
240 Minnetonka Ave S # 303
2 bd · 1.8 ba · 2,213 ft²
$2.3M
240 Minnetonka Ave S # 304
2 bd · 2.3 ba · 2,562 ft²
$2.4M
240 Minnetonka Ave S # 401
2 bd · 1.8 ba · 4,475 ft²
$3.9M
240 Minnetonka Ave S # 402
2 bd · 3 ba · 3,550 ft²
$3.4M

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 240 Minnetonka Ave

How many units are in 240 Minnetonka Ave, Wayzata, MN?

240 Minnetonka Ave, Wayzata, MN has 9 residential units across 4 floors, built in 2016, according to county assessor records.

What is a unit at 240 Minnetonka Ave, Wayzata, MN worth?

The median TopHap Estimate across the 9 units at 240 Minnetonka Ave, Wayzata, MN is $2,494,561. That works out to $950 per square foot. Units run from 1,844 to 4,475 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 240 Minnetonka Ave, Wayzata, MN expensive for Wayzata?

Units at 240 Minnetonka Ave, Wayzata, MN carry a median of $950 per square foot, 104% above the Wayzata median of $466 per square foot.

How often do units sell at 240 Minnetonka Ave, Wayzata, MN?

3 units at 240 Minnetonka Ave, Wayzata, MN sold in the last 12 months, out of 18 recorded arms-length sales all time. That is a turnover rate of 33.3% of the building per year. The median sale over that period was $2.9M.

Have units at 240 Minnetonka Ave, Wayzata, MN appreciated?

Across 6 repeat sales of the same unit, 240 Minnetonka Ave, Wayzata, MN returned a median 7.9% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 1.9 years.

More homes on Minnetonka Ave S

Closest homes

More homes in Wayzata 55391

Assigned schools

Explore the area

See this home in context

Open 240 Minnetonka Ave S on TopHap’s interactive map to compare it against every sale nearby, overlay school zones and flood risk, and run a CMA.

Open in map
A flyover of TopHap's photorealistic 3D map, with recorded sale prices pinned to homes
Search any address, city, zip, or county…3D$1.9M$6.25MOpen in map