Nestled in the sought-after Phelps Island neighborhood in Lake Minnetonka, this beautifully maintained 5-bedroom, 3-bath rambler home offers over 2,500 square feet of thoughtfully designed living space in the highly regarded Westonka School District (ISD 277). The main level is designed for comfortable everyday living and features a spacious primary suite with a private bath, a second bedroom or home office, and a full guest bathroom. Beautiful hardwood floors, wide 32-inch doorways, and a generous kitchen with a center island create an open, welcoming space that is both functional and handicap friendly height. Recent improvements include fresh interior paint, a newer air-conditioning system, a refinished wraparound deck, and an upgraded whole-home water softening and filtration system. The newly installed white vinyl fence provides privacy while framing beautifully landscaped gardens and a spacious brick paver patio—perfect for entertaining, summer barbecues, morning coffee, or relaxing Minnesota evenings. The fully finished lower level features impressive 9-foot ceilings and three garden-view bedrooms that bring in abundant natural light, creating a bright and inviting living space. A large family and recreation room easily accommodates movie nights, game tables, a children’s playroom, home gym, or hobby area. The lower-level bathroom includes a double-sink vanity and an oversized walk-in shower, while a second laundry area adds everyday convenience. Located just minutes from Lake Minnetonka and within walking distance of Al & Alma’s Supper Club, neighborhood parks, trails, and other lake-area amenities, this home offers the perfect combination of comfort, flexibility, and lifestyle. Whether you’re raising a family, welcoming grandchildren and guests, working from home, or simply looking for the ease of one-level living with exceptional finished space below, this home offers warmth, versatility, and the welcoming charm that makes Phelps Island one of the Westonka area’s most desirable neighborhoods.
Pending
$469,888
5142 Waterbury Rd, Mound, MN 55364
5beds
2,506sqft
Single Family
Built in 2002
0.29 Acres Lot
$-- Zestimate®
$188/sqft
$-- HOA
What's special
- 47 days
- 1,154
- 92
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Carla M Koster 651-402-9859,
Keller Williams Premier Realty Lake Minnetonka
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7107869
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 2
Bedroom
- Level: Main
- Area: 224.9 Square Feet
- Dimensions: 17.3x13
Bedroom 2
- Level: Main
- Area: 123.76 Square Feet
- Dimensions: 13.6x9.1
Bedroom 3
- Level: Lower
- Area: 155.54 Square Feet
- Dimensions: 14x11.11
Bedroom 4
- Level: Lower
- Area: 145.95 Square Feet
- Dimensions: 10.5x13.9
Bedroom 5
- Level: Lower
- Area: 116.61 Square Feet
- Dimensions: 12.8x9.11
Primary bathroom
- Level: Main
- Area: 55.1 Square Feet
- Dimensions: 9.5x5.8
Dining room
- Level: Main
- Area: 108.67 Square Feet
- Dimensions: 8.11x13.4
Family room
- Level: Lower
- Area: 247.2 Square Feet
- Dimensions: 20.6x12
Foyer
- Level: Main
- Area: 48.14 Square Feet
- Dimensions: 5.8x8.3
Kitchen
- Level: Main
- Area: 228.62 Square Feet
- Dimensions: 16.1x14.2
Living room
- Level: Main
- Area: 284.57 Square Feet
- Dimensions: 19.9x14.3
Mud room
- Level: Main
- Area: 61.71 Square Feet
- Dimensions: 5.10x12.1
Utility room
- Level: Lower
- Area: 339.71 Square Feet
- Dimensions: 21.10x16.1
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Water Filtration System, Water Osmosis System, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer, Water Softener Owned
- Laundry: Gas Dryer Hookup, Lower Level, Main Level, Washer Hookup
Features
- Basement: Block,Daylight,Egress Window(s),Finished,Full,Other,Storage Space,Sump Pump,Tile Shower
- Has fireplace: No
Interior area
- Total structure area: 2,662
- Total interior livable area: 2,506 sqft
- Finished area above ground: 1,253
- Finished area below ground: 1,253
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage, Asphalt, Garage Door Opener
- Garage spaces: 2
- Has uncovered spaces: Yes
- Details: Garage Dimensions (23.4x26)
Accessibility
- Accessibility features: Grab Bars In Bathroom
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Front Porch, Patio, Wrap Around
- Fencing: Full,Privacy,Vinyl
Lot
- Size: 0.29 Acres
- Dimensions: 120 x 80 x 40 x 80
- Features: Irregular Lot, Tree Coverage - Medium
Details
- Foundation area: 1368
- Parcel number: 2511724210047
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 2002
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Whipple
HOA
- Has HOA: No
Location
- Region: Mound
Financial & listing details
- Price per square foot: $188/sqft
- Tax assessed value: $423,200
- Annual tax amount: $4,675
- Date on market: 7/30/2026
- Cumulative days on market: 98 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/15/2026 | Pending sale | $469,888$188/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7107869 Report a problem | ||
| 9/8/2026 | Listing removed | $469,888$188/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7107869 Report a problem | ||
| 7/30/2026 | Listed for sale | $469,888-3.1%$188/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7107869 Report a problem | ||
| 7/10/2026 | Listing removed | $485,000$194/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7071481 Report a problem | ||
| 6/5/2026 | Price change | $485,000-3%$194/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7071481 Report a problem | ||
| 5/14/2026 | Listed for sale | $500,000+33.3%$200/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7071481 Report a problem | ||
| 10/15/2020 | Sold | $375,000+1.4%$150/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5654869 Report a problem | ||
| 9/25/2020 | Pending sale | $369,900$148/sqft |
Source: Ferrell Real Estate Group Inc #5654869 Report a problem | ||
| 9/9/2020 | Listed for sale | $369,900+20.8%$148/sqft |
Source: Ferrell Real Estate Group Inc #5654869 Report a problem | ||
| 11/3/2016 | Sold | $306,200-1.2%$122/sqft |
Source: NorthstarMLS as distributed by MLS GRID #4766465 Report a problem | ||
| 9/30/2016 | Listed for sale | $310,000$124/sqft |
Source: RE/MAX Results #4766465 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,502 +3.1% | $423,200 +1.2% |
| 2024 | $4,366 +12.6% | $418,000 -0.2% |
| 2023 | $3,877 +7.2% | $418,800 +6% |
| 2022 | $3,617 +0.7% | $395,000 +25% |
| 2021 | $3,592 -14.2% | $316,000 +1% |
| 2020 | $4,186 +16.5% | $313,000 +3.3% |
| 2019 | $3,592 -14.2% | $303,000 +3.8% |
| 2018 | $4,186 +18% | $292,000 +11.5% |
| 2017 | $3,547 +2.8% | $262,000 +12.9% |
| 2016 | $3,451 +10.8% | $232,000 -1.3% |
| 2015 | $3,115 -2.4% | $235,000 +20.5% |
| 2014 | $3,190 +12.9% | $195,000 +4.3% |
| 2013 | $2,825 -29.3% | $187,000 -19% |
| 2012 | $3,993 +5.1% | $231,000 -6.9% |
| 2011 | $3,801 +6.2% | $248,000 -3.9% |
| 2010 | $3,579 -4.8% | $258,000 -11.6% |
| 2009 | $3,761 +3.2% | $292,000 +4.3% |
| 2006 | $3,646 +19.4% | $280,000 +6.1% |
| 2005 | $3,054 +3.7% | $264,000 +4.8% |
| 2004 | $2,946 +170.9% | $252,000 +143.2% |
| 2002 | $1,088 -29% | $103,600 |
| 2001 | $1,532 | -- |
Find assessor info on the county website
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Neighborhood: 55364
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