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    3055 N Shore Dr Orono, MN 55391

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    For Sale
    $3,100,000

    One-acre estate lot with 140 feet of pristine lakeshore.

    Lot size:
    1.01 Acres

    Property Features for 3055 N Shore Dr

    General Information

    Lot size
    1.01 Acres

    Source: Keller Williams Premier Realty Lake Minnetonka Agent Blake Swanson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Crystal Bay Lakeshore Estate Lot

    This one-acre estate lot is located on the shores of Crystal Bay and features 140 feet of rip-rapped lakeshore with a sandy bottom. The property offers privacy, panoramic views, and build potential. It has southeast-facing views of the Arcola Bridge, Lafayette Club, and Minnetonka Beach, with morning light and southern sun exposure. The location is suitable for a future home. Situated minutes from the shops and restaurants of downtown Wayzata, the property is within the Orono School District. This undeveloped parcel offers natural beauty and potential in an exclusive area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Gym & Fitness Kitchen & Bath Storage Facility Catering Service Parking Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Orono
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.5998982
    Latitude
    44.9539477

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    FAQs

    What type of property is this?
    Land - One-acre estate lot with 140 feet of pristine lakeshore.
    Where is this land located?
    The property is located at 3055 N Shore Dr Orono, MN.
    What is the asking price?
    The asking price for this property is $3,100,000.
    What are key features of this property?
    This property features: - One-acre estate lot with **140 feet of pristine, rip-rapped lakeshore and sandy bottom.**; - **Sweeping southeast-facing views** of Arcola Bridge, Lafayette Club, and Minnetonka Beach.; - Located in Crystal Bay, one of Minnesota's most exclusive enclaves.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3055 N Shore Dr Orono, MN 55391
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