$849,000
Mound, MN 55364
MLS# 7143389
1 / 39
Property Description
Rare opportunity to build your dream lakeshore home on sought-after Phelps Bay on Lake Minnetonka. This .18-acre lot features 80 feet of south-facing shoreline with stunning lake views. Dock allowed and city sewer and water available. Existing structure on site offers a prime teardown opportunity for new construction. Enjoy the perfect location on Lake Minnetonka with easy boating access to the lake’s many popular waterfront restaurants and destinations. Mature trees, wide lot, and beautiful water views create the ideal setting for your custom lakeshore retreat. Exceptional chance to secure a premium homesite on Minnesota's most desirable lake.
Details
Maps
Documents
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Contingency: None
Current Price: $849,000
Original List Price: 849000
ListPrice: 849000
List Date: 2026-09-12
Office/Member Info
Association: MAAR
General Property Information
Comp Sale YN: No
Development: No
Lot Measurement: Acres
Multiple PIDs?: No
Plat Recorded: No
Road Btwn WF & Home?: No
Waterfront YN: Yes
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Lot Dimensions: 80x108x80x100
Acres: 0.18
Lake/Waterfront Name: Minnetonka
Association Fee: 0
Assessment Pending: No
Location, Tax and Other Information
AssocFeeYN: No
Legal Description: BLOCK 014 DEVON LOTS 10 AND 11
Listing City: Mound
Map Page: 117
Municipality: Mound
School District: Westonka
School District Phone: 952-491-8001
DNR Lake ID#: 27013300
DNR Lake Classification: General Development
Zip Plus 4: 1512
Property ID Number: 2511724110041
Tax Year: 2025
Tax Amount: 11985
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Rare opportunity to build your dream lakeshore home on sought-after Phelps Bay on Lake Minnetonka. This .18-acre lot features 80 feet of south-facing shoreline with stunning lake views. Dock allowed and city sewer and water available. Existing structure on site offers a prime teardown opportunity for new construction. Enjoy the perfect location on Lake Minnetonka with easy boating access to the lake’s many popular waterfront restaurants and destinations. Mature trees, wide lot, and beautiful water views create the ideal setting for your custom lakeshore retreat. Exceptional chance to secure a premium homesite on Minnesota's most desirable lake.
Directions: From Tuxedo Blvd, turn onto Clyde and then take a right onto Island View. Follow this several blocks down and the property will be on your left.
Assessments
Assessment Balance: 0
Tax With Assessments: 11985
Builder Information
Builder Restrictions: Open
Development Status
Finished Lot(s): 1
Elevation Highpoint to Waterfront Slope
Steep: 1
Insurance Fee
Insurance Fee: 0
Lake Details
Lake Acres: 14205
Lake Depth: 113
Lease Details
Land Leased: Not Applicable
Lot Description
Property Adjoins Public Land: 1
Tree Coverage - Medium: 1
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 25
Township#: 117
Restriction/Covenants
Other: 1
Sellers Terms
Cash: 1
Conventional: 1
Topography
Sloped: 1
Waterfront Type
Lake Front: 1
Waterfront View
South: 1
Available Utilities
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Sewer Connected: 1
Water Available: 1
Water Connected: 1
Improvements
Other: 1
Land Inclusions
For Sale Sign: 1
Property SubType
Lake Property: 1
Residential Lot: 1
Location Tax and Other Information
House Number: 4877
Street Name: Island View
Street Suffix: Drive
Postal City: Mound
County: Hennepin
State: MN
Zip Code: 55364
Complex/Dev/Subdivision: Devon
Property Features
Available Utilities: Electricity Available; Natural Gas Available; Sewer Available; Sewer Connected; Water Available; Water Connected
Development Status: Finished Lot(s)
Elevation Highpoint to Waterfront Slope: Steep
Improvements: Other
Land Inclusions: For Sale Sign
Lot Description: Property Adjoins Public Land; Tree Coverage - Medium
Property SubType: Lake Property; Residential Lot
Sellers Terms: Cash; Conventional
Topography: Sloped
Waterfront Type: Lake Front
Waterfront View: South
4877 Island View Survey.pdf 
Listing Office: RE/MAX HomeMasters
Last Updated: September - 12 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
