Westway Condominiums – New Luxury Residences Coming to Downtown Wayzata

Westway Condominiums is a newly approved luxury condominium development planned for 201 Lake Street East in the heart of downtown Wayzata. The site, currently home to the former Coldwell Banker Burnet building, is slated for demolition in mid-2025. Once completed, Westway will offer a boutique collection of residential condo and commercial units, blending refined architecture with walkable access to Lake Minnetonka and the best of Wayzata’s downtown district.

Lifestyle at Westway

Living at Westway means enjoying an elevated lifestyle just steps from the lake and all that downtown Wayzata has to offer. From boutique shopping and fine dining to the lakeside walking trails and marina, residents will experience an unmatched level of access and convenience. Whether you’re entertaining on your balcony, walking to the Wayzata Beach, or grabbing dinner on Lake Street, Westway offers a seamless connection to lake life and luxury living.

Architecture & Design

Westway Condominiums is designed as a three-story mixed-use building with approximately 106,000 square feet of interior space. The plan includes 38 luxury condominium residences, three commercial units, and three flexible-use condos. Underground parking and high-end architectural features ensure both style and convenience. With opportunities for customization, each unit is expected to offer thoughtful layouts, premium finishes, and open-concept living spaces designed to maximize light, comfort, and functionality.

Real Estate Trends at Westway

Although specific pricing and unit details are forthcoming, demand for new construction in downtown Wayzata remains strong. Given the project's prime location and limited inventory, Westway is expected to attract high interest from buyers seeking one-level living with lakeside proximity. This development follows the success of nearby boutique buildings such as Meyer Place, Wayzata Blu, and The Landing—making it one of the most anticipated additions to the Lake Minnetonka condo market.

Schools & Community

Westway is located within the top-ranked Wayzata Public School District, serving Wayzata West Middle School and Wayzata High School. The surrounding neighborhood is known for its charm, walkability, and vibrant community events like James J. Hill Days, the Wayzata Art Experience, and Music by the Lake. The location also provides easy access to the Dakota Rail Trail and the shores of Lake Minnetonka, offering a healthy, active lifestyle in a beautiful lakeside setting.

Work with a Local Expert

If you’re considering reserving a residence at Westway Condominiums, now is the time to connect with a local real estate team that specializes in new developments and luxury condos. Based in downtown Wayzata, we live and work in this market every day and can provide early insights, floor plan details, and discreet buyer representation. Contact us to learn more and stay informed as construction begins.

Latest condo listings at Westway Wayzata:

$3,408,313

ACTIVE Status ⋅ 2 Beds ⋅ 3 Baths ⋅ 7134661 MLS ⋅ 2,400 SqFt.

Welcome to Residence #311, a distinctive third-floor corner home at 201 Lake Street offering generous living spaces and exceptional outdoor living. Encompassing 2,400 square feet, this thoughtfully designed 2-bedroom residence features an expansive open-concept kitchen and dining area, spacious living room, walk-in pantry, and beautifully appointed primary suite. Eastern exposure brings abundant natural light throughout the home, while three private outdoor spaces totaling 325 square feet extend the living space for relaxing and entertaining. Three secure underground parking spaces complete this exceptional residence. - - - - - - - - - - For buyers seeking a more personalized home, this residence is also available as a Shell Residence, allowing your developer-approved builder to complete the interior according to your vision, lifestyle, and design preferences. - - - - - - - - - - Beyond the home, 201 Lake Street offers an exceptional collection of amenities, including a heated underground garage, fitness center, sauna, library, club room, hospitality kitchen, secure lobby, pet-friendly outdoor gathering areas, and true lock-and-leave living - all within a short walk of Lake Minnetonka, Wayzata Beach, boutique shopping, acclaimed dining, and the Dakota Regional Trail. Visit our Wayzata Sales Office during one of our weekly open houses (see showing schedule) or contact our team to schedule a private presentation. - - - - - - - - - - All measurements, dimensions and specifications are approximate and subject to change until completion of the building's core and shell construction and recording of the Condominium Plat.

201 Lake Street E Unit 311, Wayzata

Listing courtesy of US Brokerage, LLC.

$1,836,625

ACTIVE Status ⋅ 1 Beds ⋅ 2 Baths ⋅ 7134638 MLS ⋅ 1,265 SqFt.

Welcome to Residence #104, a thoughtfully designed home at 201 Lake Street offering effortless single-level living and a unique connection to the outdoors. Encompassing 1,265 square feet, this beautifully appointed 1-bedroom, 2-bath residence features an open-concept living room and chef’s kitchen, along with a spacious primary suite and generous walk-in closet. Western exposure brings abundant natural light, while a private 405-square-foot terrace with direct courtyard access extends the living space outdoors for relaxing and entertaining. Two secure underground parking spaces complete this exceptional residence. - - - - - - - - - - For buyers seeking a more personalized home, this residence is also available as a Shell Residence, allowing your developer-approved builder to complete the interior according to your vision, lifestyle, and design preferences. - - - - - - - - - - Beyond the home, 201 Lake Street offers an exceptional collection of amenities, including a heated underground garage, fitness center, sauna, library, club room, hospitality kitchen, secure lobby, pet-friendly outdoor gathering areas, and true lock-and-leave living - all within a short walk of Lake Minnetonka, Wayzata Beach, boutique shopping, acclaimed dining, and the Dakota Regional Trail. Visit our Wayzata Sales Office during one of our weekly open houses (see showing schedule) or contact our team to schedule a private presentation. - - - - - - - - - - All measurements, dimensions and specifications are approximate and subject to change until completion of the building's core and shell construction and recording of the Condominium Plat.

201 Lake Street E Unit 104, Wayzata

Listing courtesy of US Brokerage, LLC.

$3,534,375

ACTIVE Status ⋅ 2 Beds ⋅ 3 Baths ⋅ 7134603 MLS ⋅ 2,569 SqFt.

Welcome to Residence #213, a beautifully proportioned home at 201 Lake Street offering generous living spaces and desirable southern exposure. Encompassing 2,569 square feet, this thoughtfully designed 2-bedroom plus den residence features an open-concept living room, expansive chef’s kitchen, dining area, and walk-in pantry. The spacious primary suite, private guest suite, and flexible den or library provide comfort and versatility throughout. Southern exposure fills the home with abundant natural light, while a private 411-square-foot terrace extends the living space outdoors for relaxing, dining, and entertaining. Three secure underground parking spaces complete this exceptional residence. - - - - - - - - - - For buyers seeking a more personalized home, this residence is also available as a Shell Residence, allowing your developer-approved builder to complete the interior according to your vision, lifestyle, and design preferences. - - - - - - - - - - Beyond the home, 201 Lake Street offers an exceptional collection of amenities, including a heated underground garage, fitness center, sauna, library, club room, hospitality kitchen, secure lobby, pet-friendly outdoor gathering areas, and true lock-and-leave living - all within a short walk of Lake Minnetonka, Wayzata Beach, boutique shopping, acclaimed dining, and the Dakota Regional Trail. Visit our Wayzata Sales Office during one of our weekly open houses (see showing schedule) or contact our team to schedule a private presentation. - - - - - - - - - - All measurements, dimensions and specifications are approximate and subject to change until completion of the building's core and shell construction and recording of the Condominium Plat.

201 Lake Street E Unit 213, Wayzata

Listing courtesy of US Brokerage, LLC.

$4,577,750

ACTIVE Status ⋅ 2 Beds ⋅ 3 Baths ⋅ 7133130 MLS ⋅ 3,283 SqFt.

Welcome to Residence #115, a distinctive home at 201 Lake Street where generous proportions, three-direction exposure, and exceptional accessibility come together. Encompassing 3,283 square feet, this thoughtfully designed 2-bedroom plus den, 3-bath residence features an open-concept living room with fireplace, chef’s kitchen, dining area, and oversized walk-in pantry. The spacious primary suite, private guest suite, and flexible den or library provide comfort and versatility throughout. South, west, and north exposures bring abundant natural light, while a private 326-square-foot terrace extends the living space outdoors. Direct walkout access to Edgewood, convenient street access, and three secure underground parking spaces complete this exceptional residence. - - - - - - - - - - For buyers seeking a more personalized home, this residence is also available as a Shell Residence, allowing your developer-approved builder to complete the interior according to your vision, lifestyle, and design preferences. - - - - - - - - - - Beyond the home, 201 Lake Street offers an exceptional collection of amenities, including a heated underground garage, fitness center, sauna, library, club room, hospitality kitchen, secure lobby, pet-friendly outdoor gathering areas, and true lock-and-leave living - all within a short walk of Lake Minnetonka, Wayzata Beach, boutique shopping, acclaimed dining, and the Dakota Regional Trail. Visit our Wayzata Sales Office during one of our weekly open houses (see showing schedule) or contact our team to schedule a private presentation. - - - - - - - - - - All measurements, dimensions and specifications are approximate and subject to change until completion of the building's core and shell construction and recording of the Condominium Plat.

201 Lake Street E Unit 115, Wayzata

Listing courtesy of US Brokerage, LLC.

$3,585,500

ACTIVE Status ⋅ 2 Beds ⋅ 3 Baths ⋅ 7120477 MLS ⋅ 2,512 SqFt.

Residence #114 is a thoughtfully designed 2-bedroom + den home offering approximately 2,512 finished square feet, where generous proportions, seamless flow, and exceptional outdoor living create a residence equally suited for everyday comfort and gracious entertaining. A spacious open-concept kitchen anchors the home with an oversized center island, abundant cabinetry, and direct connections to both the dining area and living room, where a fireplace provides a natural focal point for gathering. The adjacent open den offers flexibility as a sophisticated home office, library, or intimate sitting area, while a walk-in pantry, dedicated laundry room, utility room, storage room, and powder room contribute to the home's exceptional functionality. Privately positioned, the primary suite serves as a quiet retreat with dual walk-in closets and a spacious full bath, while the guest suite enjoys its own bath and separation from the primary living spaces for enhanced privacy. Two south-facing terraces totaling approximately 545 square feet extend the living experience outdoors, creating inviting settings for morning coffee, dining, or relaxing in abundant natural light throughout the day. Secure underground parking completes the convenience of this well-appointed luxury residence. - - - - - - - - - - For buyers seeking a more personalized home, this residence is also available as a Shell Residence, allowing your developer-approved builder to complete the interior according to your vision, lifestyle, and design preferences. - - - - - - - - - - Beyond the home, 201 Lake Street offers an exceptional collection of amenities, including a heated underground garage, fitness center, sauna, library, club room, hospitality kitchen, secure lobby, pet-friendly outdoor gathering areas, and true lock-and-leave living - all within a short walk of Lake Minnetonka, Wayzata Beach, boutique shopping, acclaimed dining, and the Dakota Regional Trail. Visit our Wayzata Sales Office during one of our weekly open houses (see showing schedule) or contact our team to schedule a private presentation. - - - - - - - - - - All measurements, dimensions and specifications are approximate and subject to change until completion of the building's core and shell construction and recording of the Condominium Plat.

201 Lake Street E Unit 114, Wayzata

Listing courtesy of US Brokerage, LLC.

$1,503,800

ACTIVE Status ⋅ 1 Beds ⋅ 2 Baths ⋅ 7120535 MLS ⋅ 981 SqFt.

Discover Residence #111, where thoughtful design and exceptional outdoor living redefine the one-bedroom luxury condominium experience. Encompassing 981 square feet, this beautifully designed 1-bedroom, 2-bath home features an inviting open-concept living and dining area anchored by a spacious kitchen with a large center island and walk-in pantry, creating an ideal setting for both everyday living and effortless entertaining. The comfortable primary suite offers a private retreat with an adjoining bath and walk-in closet, while a separate powder room adds convenience for guests. Extending the living space outdoors, the impressive 439-square-foot private terrace provides an exceptional setting for dining, relaxing, and entertaining throughout the seasons. Ideally oriented with southern exposure, the home enjoys abundant natural light throughout the day. Secure underground parking further enhances the ease of luxury condominium living. - - - - - - - - - - For buyers seeking a more personalized home, this residence is also available as a Shell Residence, allowing your developer-approved builder to complete the interior according to your vision, lifestyle, and design preferences. - - - - - - - - - - Beyond the home, 201 Lake Street offers an exceptional collection of amenities, including a heated underground garage, fitness center, sauna, library, club room, hospitality kitchen, secure lobby, pet-friendly outdoor gathering areas, and true lock-and-leave living - all within a short walk of Lake Minnetonka, Wayzata Beach, boutique shopping, acclaimed dining, and the Dakota Regional Trail. Visit our Wayzata Sales Office during one of our weekly open houses (see showing schedule) or contact our team to schedule a private presentation. - - - - - - - - - - All measurements, dimensions and specifications are approximate and subject to change until completion of the building's core and shell construction and recording of the Condominium Plat.

201 Lake Street E Unit 111, Wayzata

Listing courtesy of US Brokerage, LLC.

$3,316,400

ACTIVE Status ⋅ 2 Beds ⋅ 3 Baths ⋅ 7118405 MLS ⋅ 2,366 SqFt.

Residence #307 offers a distinctive blend of architectural character, spacious living, and exceptional indoor-outdoor connections. Encompassing 2,366 square feet, this thoughtfully designed 2-bedroom, 3-bath home is centered around a dramatic open-concept great room with fireplace, where the living, dining, and kitchen areas flow seamlessly together to create an inviting setting for both everyday living and entertaining. A generous walk-in pantry, private primary suite, and well-separated guest suite enhance the home's comfort and functionality, while a large terrace and separate balcony totaling 466 square feet provide multiple outdoor spaces for relaxing, dining, and enjoying beautiful morning light. Ideally oriented with east and northeast exposures, the residence is filled with bright morning sun and soft, even natural light throughout the day. Secure underground parking complements the effortless lock-and-leave lifestyle - - - - - - - - - - For buyers seeking a more personalized home, this residence is also available as a Shell Residence, allowing your developer-approved builder to complete the interior according to your vision, lifestyle, and design preferences. - - - - - - - - - - Beyond the home, 201 Lake Street offers an exceptional collection of amenities, including a heated underground garage, fitness center, sauna, library, club room, hospitality kitchen, secure lobby, pet-friendly outdoor gathering areas, and true lock-and-leave living - all within a short walk of Lake Minnetonka, Wayzata Beach, boutique shopping, acclaimed dining, and the Dakota Regional Trail. Visit our Wayzata Sales Office during one of our weekly open houses (see showing schedule) or contact our team to schedule a private presentation. - - - - - - - - - - All measurements, dimensions and specifications are approximate and subject to change until completion of the building's core and shell construction and recording of the Condominium Plat.

201 Lake Street E Unit 307, Wayzata

Listing courtesy of US Brokerage, LLC.

$4,531,000

ACTIVE Status ⋅ 2 Beds ⋅ 3 Baths ⋅ 7115684 MLS ⋅ 3,236 SqFt.

Welcome to Residence #301, one of 201 Lake Street's signature homes, where exceptional design and expansive indoor-outdoor living come together in a thoughtfully crafted luxury retreat. Encompassing 3,236 square feet, this beautifully appointed 2-bedroom plus den, 3-bath home is anchored by an expansive open-concept great room with fireplace that flows seamlessly into the chef's kitchen with walk-in pantry, creating an exceptional setting for everyday living and entertaining alike. The spacious primary suite, private guest suite, and generous den provide outstanding flexibility, while three private outdoor living spaces - including two terraces and a balcony totaling 691 square feet - extend the home for relaxing, dining, and entertaining throughout the seasons. Ideally oriented with south and southeast exposures, the home is filled with abundant natural light. Secure underground parking further enhances the ease of luxury condominium living. - - - - - - - - - - For buyers seeking a more personalized home, this residence is also available as a Shell Residence, allowing your developer-approved builder to complete the interior according to your vision, lifestyle, and design preferences. - - - - - - - - - - Beyond the home, 201 Lake Street offers an exceptional collection of amenities, including a heated underground garage, fitness center, sauna, library, club room, hospitality kitchen, secure lobby, pet-friendly outdoor gathering areas, and true lock-and-leave living - all within a short walk of Lake Minnetonka, Wayzata Beach, boutique shopping, acclaimed dining, and the Dakota Regional Trail. Visit our Wayzata Sales Office during one of our weekly open houses (see showing schedule) or contact our team to schedule a private presentation. - - - - - - - - - - All measurements, dimensions and specifications are approximate and subject to change until completion of the building's core and shell construction and recording of the Condominium Plat.

201 Lake Street E Unit 301, Wayzata

Listing courtesy of US Brokerage, LLC.

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