Experience Lake Minnetonka living at its best with a private 30-foot permanent slip on Lost Lake, complete with water and power. Direct access to Cook’s Bay and the heart of Lake Minnetonka. This two-bedroom, two-bath townhome blends comfort and quality with thoughtful updates and an ideal location with easy access to restaurants by boat, car, bike on the Dakota Trail and local paths.
Wide-plank white oak hardwood floors bring warmth to the open main level, where natural light fills the living room and frames views of the surrounding trees. The gas fireplace, accompanied by a custom wood mantel, anchors the space, and the adjoining deck provides a quiet retreat overlooking the green space. The kitchen features full-height white shaker cabinets, Cambria countertops, a center island with seating, and stainless steel appliances, creating a polished and functional hub for everyday living or weekend entertaining.
The lower-level suite opens to a private patio and connects to a heated, insulated garage with an added retractable screen. The garage is ideal for utilizing the space as a workshop, gym, or lounge area during the warmer months. Both bathrooms have been tastefully updated, and the home’s layout strikes a balance between privacy and togetherness with ease.
The Villas on Lost Lake community offers resort-style amenities, including a heated pool, hot tub, and a cabana with a full kitchen. From your slip, enjoy endless summer days on the water and easy access to the Dakota Trail, local parks, and the lakeside charm of downtown Mound.
This property offers the ideal blend of low-maintenance living and the Lake Minnetonka lifestyle.
Active
Price cut: $15K (11/19)
$485,000
5457 Lost Lake Ln, Mound, MN 55364
2beds
1,163sqft
Est.:
Townhouse Side x Side
Built in 2015
1,742.4 Square Feet Lot
$476,900 Zestimate®
$417/sqft
$487/mo HOA
What's special
- 49 days |
- 506 |
- 21 |
Zillow last checked: 8 hours ago
Listing updated: December 12, 2025 at 11:38am
Listed by:
Fritz 952-215-8951,
Hale Properties, Inc
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6811668
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- 3/4 bathrooms: 2
Bathroom
- Description: 3/4 Basement,Shower Only,Upper Level 3/4 Bath
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer
Features
- Basement: Finished,Walk-Out Access
- Number of fireplaces: 1
Interior area
- Total structure area: 1,163
- Total interior livable area: 1,163 sqft
- Finished area above ground: 1,163
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached, Asphalt, Electric, Garage Door Opener, Guest, Heated Garage, Insulated Garage, Tuckunder Garage
- Attached garage spaces: 2
- Has uncovered spaces: Yes
- Details: Garage Dimensions (19' 11" x 20' 4")
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Composite Decking, Deck, Patio
- Has private pool: Yes
- Pool features: In Ground, Heated, Shared
- Waterfront features: Association Access, Channel Shore, Deeded Access, Dock, Shared
Lot
- Size: 1,742.4 Square Feet
- Dimensions: 124 x 30
Details
- Foundation area: 820
- Parcel number: 1311724340147
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse Side x Side
- Attached to another structure: Yes
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 2015
Utilities & green energy
- Electric: Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: The Landings On Lost Lake
HOA
- Has HOA: Yes
- Amenities included: Trail(s)
- Services included: Hazard Insurance, Maintenance Grounds, Professional Mgmt, Recreation Facility, Shared Amenities, Snow Removal
- HOA fee: $487 monthly
- HOA name: New Concepts Management
- HOA phone: 800-310-6552
Location
- Region: Mound
Financial & listing details
- Price per square foot: $417/sqft
- Tax assessed value: $441,000
- Annual tax amount: $4,729
- Date on market: 11/4/2025
Estimated market value
$476,900
$453,000 - $501,000
$1,988/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/19/2025 | Price change | $485,000-3%$417/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6811668 Report a problem | ||
| 11/6/2025 | Listed for sale | $500,000+7.1%$430/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6811668 Report a problem | ||
| 3/21/2024 | Sold | $467,000-2.1%$402/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6469107 Report a problem | ||
| 2/10/2024 | Pending sale | $477,000$410/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6469107 Report a problem | ||
| 1/8/2024 | Price change | $477,000-4.2%$410/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6469107 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,729 +3.1% | $441,000 +2.4% |
| 2024 | $4,586 +7.5% | $430,700 -2.1% |
| 2023 | $4,266 +15.5% | $439,900 +1.6% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,995/mo
Principal & interest
$1881
HOA Fees
$487
Other costs
$626
Climate risks
Neighborhood: 55364
Nearby schools
GreatSchools rating
- 9/10Shirley Hills Primary SchoolGrades: K-4Distance: 0.2 mi
- 9/10Grandview Middle SchoolGrades: 5-7Distance: 0.7 mi
- 9/10Mound-Westonka High SchoolGrades: 8-12Distance: 1.4 mi
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