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.