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  • Price cut: $25K (8/4)
    $825,000

    4877 Island View Dr, Mound, MN 55364

    2beds
    905sqft
    : 
    Single Family Residence
    Built in 1930
    7,840.8 Square Feet Lot
    $816,100 Zestimate®
    $912/sqft
    $-- HOA

    What's special

    Rare lakefront propertySouth-facing shoreline
    Located on the highly sought-after "Island" of Lake Minnetonka, this rare lakefront property offers 80 feet of south-facing shoreline on picturesque Phelps Bay. The home is not quite move-in ready and presents a prime opportunity for investors, builders, or homeowners looking to bring their vision to life. Whether you're planning to renovate and resell, remodel and enjoy, or tear down and build new, this property offers endless potential. With the right updates and design, this lakeshore retreat can truly shine. It could serve as a summer getaway, long-term rental, or luxury dream home. The seller is including a full survey, site specifications, architectural renderings, and a proposed layout for a future build. A rare lakeside shed at the water’s edge is also included, providing convenience and added value. This is a blank canvas on one of Lake Minnetonka’s most desirable shorelines—offering flexibility, upside, and the chance to create something truly special.
    40 days
    on Zillow
    |
    2,907
    |
    75
    |

    Zillow last checked: 7 hours ago

    Listing updated: August 04, 2025 at 04:56am

    Listed by:

    Corey J Wright 763-807-5537,

    eXp Realty

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6757286MLS Logo
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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Rooms
    • Room types: Living Room, Bedroom 1, Kitchen, Bedroom 2, Deck
    Bedroom 1
    • Level: Main
    Bedroom 2
    • Level: Lower
    Deck
    • Level: Main
    Kitchen
    • Level: Main
    Living room
    • Level: Main
    Heating
    • Boiler
    Cooling
    • Window Unit(s)
    Features
    • Basement: Finished,Full,Walk-Out Access
    • Has fireplace: No
    Interior area
    • Total structure area: 905
    • Total interior livable area: 905 sqft
    • Finished area above ground: 608
    • Finished area below ground: 297

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached
    • Garage spaces: 2
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Deck
    • Waterfront features: Lake Front, Waterfront Num(27013300), Lake Acres(14205), Lake Depth(113)
    • Body of water: Minnetonka
    Lot
    • Size: 7,840.8 Square Feet
    • Dimensions: 79 x 100
    Details
    • Foundation area: 608
    • Parcel number: 2511724110041
    • Zoning description: Residential-Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Wood Siding
    • Roof: Asphalt
    Condition
    • Age of Property: 95
    • New construction: No
    • Year built: 1930

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & HOA

    Community
    • Subdivision: Devon
    HOA
    • Has HOA: No
    Location
    • Region: Mound

    Financial & listing details

    • Price per square foot: $912/sqft
    • Tax assessed value: $993,100
    • Annual tax amount: $11,985
    • Date on market: 7/18/2025
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