3685 Watertown Road - Photo 1
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3685 Watertown Road
3685 Watertown Road
3685 Watertown Road
3685 Watertown Road
3685 Watertown Road

3685 Watertown Road, Orono, MN 55359 - MLS# 7042462

MLS® #: 7042462|Days on Market: 219|Listed: Mar 24, 2026

$2,275,000

Bedrooms
6
Bathrooms
7
Square Feet
5,668
Acres
10
Year Built
1910
Property Type
Residential
Heating
Natural Gas
Cooling
Central Air
Garages
4
Days on Market
219
School District
278 - Orono

Exceptional 10-Acre Estate in Orono — Just 5 Miles from Wayzata and 15 Miles West of Minneapolis

A Rare Opportunity for a Family Compound, Investment, or Luxury Retreat

Welcome to a one-of-a-kind property that perfectly blends privacy, versatility, and location. This extraordinary 10-acre estate offers unmatched potential—whether envisioned as a private family compound, equestrian haven, car collector’s paradise, or luxury retreat. Ideally situated next to the Stubbs Bay public dock and bordering both Bederwood Park and the Luce Line Trail, it provides endless opportunities for recreation and relaxation.

Main Residence

The 4-bedroom, 4-bath home is designed with comfort, convenience, and entertaining in mind:

• Expansive entertainment room for gatherings

• Light-filled sunroom with panoramic views of the estate

• Maintenance-free deck overlooking rolling pastures

• Dual laundry areas for ease of living

• Private sauna and hot tub for year-round wellness

• Thoughtful updates throughout

Guest House

A 2-bedroom, 2-bath guest house provides an onsite home for extended family, guests, or potential rental income. Perfect for multi-generational living, a dedicated home office, or a separate retreat, this space enhances both the flexibility and value of the property.

Equestrian Amenities

For horse lovers, the estate includes everything needed for both daily care and enjoyment:

• Two-level stable with six stalls and a 1-bedroom, 1-bath apartment

• Lounge and private living quarters for caretaker or guests

• Indoor riding arena and multiple paddocks

• Six acres of fenced pastures

• Expansive storage building for equipment, tools, or recreational gear

Lifestyle & Location

This estate offers the rare combination of serene country living with immediate access to world-class amenities. Step directly onto the Luce Line Trail system—featuring a designated horse trail—or enjoy the nearby lakes, parks, and outdoor activities. All this, while being just minutes from Wayzata’s shopping, dining, and the vibrant shores of Lake Minnetonka.

Schedule Your Private Tour

Opportunities like this seldom come to market. Don’t miss the chance to own a legacy estate in the heart of Orono. Contact us today to explore the full potential of this remarkable offering.

3685 Watertown Road, Orono, MN 55359

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Interior Information

BasementWalkout
CoolingCentral Air
HeatingBoiler
FuelNatural Gas
Fireplaces2
Fireplace FeaturesGas, Wood Burning

Size & Levels

LevelsTwo
Total Finished Sq Ft5,740 sq ft
Above Grade Finished4,420 sq ft
Below Grade Finished1,248 sq ft
Main Level Finished3,100 sq ft
Foundation Sizeirr

Bathrooms

Full Baths3
3/4 Baths2
1/2 Baths2

Rooms

Main Level Rooms

Living Room19'5" x 15'
Family Room23' x 12'
Dining Room15' x 12'
Bedroom 413' x 12'5"
Bedroom 512' x 12'
Bedroom 612' x 12'
Porch38' x 13'
Amusement Room47' x 23'

Upper Level Rooms

Bedroom15' x 13'5"
Bedroom 220' x 11'5"
Bedroom 314' x 10'5"

Exterior & Parking

ExteriorStone, Other
RoofAge 8 Years or Less
FoundationOther
Patio / PorchDeck, Rear Porch
Garage Stalls4
Garage Size40x25 (960 sq ft)
ParkingAttached Garage, Asphalt, Multiple Garages

Lot & Utilities

Property SubtypeSingle Family
Single Family TypeAcreage
Lot Size10 acres
Lot Dimensions1001x512x790x512
ZoningResidential-Single Family
TownshipOrono
CountyHennepin
SewerSeptic System Compliant - Yes
WaterWell
Road FrontagePaved Streets
FencingSplit Rail, Wood
Other StructuresGarage(s), Barn(s), Bunk House, Guest House, Indoor Arena, Other, Outdoor Arena, Pole Building, Stables

Financial & Tax Information

Annual Taxes$19,174
Tax Year2024
Tax w/ Assessments$19,174
Parcel Number3211823340011
Financing OptionsConventional, Cash
List TypeExclusive Right To Sell

Location

Call 612-356-2121For Showings and Questions

Neighborhood at a Glance

In this neighborhood, homes were most commonly built in 2010-2019, about 96% of occupied homes are owner-occupied, and the average commute is 27 minutes.

Cost of Ownership

Median home value

$964,800

Higher than the Twin Cities metro

The midpoint of estimated values for owner-occupied homes.

Median property taxes paid

$9,020/yr

Higher than the Twin Cities metro

The midpoint of annual property taxes paid by homeowners.

Typical monthly owner costs (with mortgage)

$4,001/mo

Higher than the Twin Cities metro

Median monthly housing costs for owners with a mortgage.

Typical monthly owner costs (no mortgage)

$1,205/mo

Higher than the Twin Cities metro

Median monthly housing costs for owners without a mortgage.

Median rent

$2,268/mo

Higher than the Twin Cities metro

The midpoint of monthly gross rent, including utilities.

Homes in the Area

Owner-occupied homes

96%

Higher than Twin Cities metro overall

The share of occupied homes lived in by their owners.

Median year built

1984

Similar to the Twin Cities metro

The midpoint of years when homes in the area were built.

Home age by decade

The share of homes built during each period.

  • 2010-201916%
  • 2000-200915%
  • 1990-199911%
  • 1980-198910%
  • 1970-197915%
  • 1950-195911%
  • 1939 or earlier13%

Types of homes

The share of housing units in each building type.

  • Single-family detached91%
  • 5+ units4%

Getting Around

Average commute

27 min

Higher than the Twin Cities metro

The average one-way travel time to work for commuters.

How people get to work

The share of workers using each listed way to get to work.

  • Drive alone65%
  • Work from home27%

Homes with broadband

98%

Higher than Twin Cities metro overall

The share of households with a broadband internet subscription.

Estimates for the surrounding census tract, not this specific home.

Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Schools

Orono Public School District

This home is in the Schumann Elementary, Orono Middle and Orono Senior High attendance areas of Orono Public School District.

Elementary

More than one school serves this area

Schumann Elementary

Grades PK-2 · 1.3 mi away

Enrollment
611
Students per teacher
14.9

765 Old Crystal Bay Rd N, Long Lake, MN 55356

(952) 449-8480

Middle

Orono Middle

Grades 6-8 · 1.5 mi away

Enrollment
720
Students per teacher
20.6

800 Old Crystal Bay Rd N, Long Lake, MN 55356

(952) 449-8450

High

Orono Senior High

Grades 9-12 · 1.4 mi away

Enrollment
961
Students per teacher
18.8

795 Old Crystal Bay Rd N, Long Lake, MN 55356

(952) 449-8400

School assignments can change. Verify enrollment with Orono Public School District.

Sources: Minnesota Department of Education attendance areas (2025-26); NCES Common Core of Data 2024 via the Urban Institute Education Data Portal.

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Listed by: Compass
Source: NorthstarMLS

Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Pederson Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.