2840 Mayflower, Minnetonka, MN 55305

New Listing
$550,000
Property Type: Land Lot Size (sq. ft.): 45,302 Status: Active
Current Price: $550,000 List Date: 7/20/2026 Last Modified: 7/20/2026

Overview

Description

Exceptional opportunity to secure a prime parcel in Minnetonka. Whether you're a builder searching for your next custom home site, a developer evaluating redevelopment potential, or an investor looking for long-term value, this property offers exceptional flexibility. The existing home is livable and presents the opportunity to generate rental income while exploring future development possibilities and completing any desired planning, design, or municipal approval process. Surrounded by mature neighborhoods, quality homes, parks, trails, shopping, dining, and convenient access to major roadways, the location provides the ideal setting for future new construction. As available building sites become increasingly scarce in established communities, opportunities like this continue to grow in demand. Bring your vision and unlock the potential of this unique property. Explore the possibilities for a custom home, luxury residence, or redevelopment project in an area where location, convenie ...

Listing Details MLS# 7112244

General Property Information

Comp Sale YN
No
Development
No
Lot Measurement
Acres
Multiple PIDs?
No
Plat Recorded
No
Waterfront YN
Yes
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Lot Dimensions
414x110
Acres
1.04
Lake/Waterfront Name
Unnamed Lake
Assessment Pending
No
Association Fee
0

Property Features

Available Utilities: Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Available; Sewer Connected; Storm Sewer Available; Storm Sewer Connected; Underground Utilities Available; Water Available; Water Connected Development Status: Other Improvements: Paved Streets; Sidewalks; Storm Sewer Land Inclusions: Dock Sellers Terms: Cash; Conventional Topography: Sloped Waterfront Type: Lake Front; Pond; Lake View Waterfront View: North

Contract Information

Contingency
None
Original List Price
550000
ListPrice
550000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
2840
Street Name
Mayflower
Postal City
Minnetonka
County
Hennepin
State
MN
Zip Code
55305
Complex/Dev/Subdivision
Ivy Park

Assessments

Tax With Assessments
4862
Assessment Balance
0

Builder Information

Builder Restrictions
Open

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Public Survey Info

Range#
22
Section#
11
Township#
117

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
LOT 009 BLOCK 001 IVY PARK SUBJECT TO ROAD
Listing City
Minnetonka
Map Page
105
Municipality
Minnetonka
School District
Hopkins
School District Phone
952-988-4000
Zip Plus 4
3813
Property ID Number
tbd
Tax Year
2026
Tax Amount
4862
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Exceptional opportunity to secure a prime parcel in Minnetonka. Whether you're a builder searching for your next custom home site, a developer evaluating redevelopment potential, or an investor looking for long-term value, this property offers exceptional flexibility. The existing home is livable and presents the opportunity to generate rental income while exploring future development possibilities and completing any desired planning, design, or municipal approval process. Surrounded by mature neighborhoods, quality homes, parks, trails, shopping, dining, and convenient access to major roadways, the location provides the ideal setting for future new construction. As available building sites become increasingly scarce in established communities, opportunities like this continue to grow in demand. Bring your vision and unlock the potential of this unique property. Explore the possibilities for a custom home, luxury residence, or redevelopment project in an area where location, convenience, and long-term value come together. Buyers are encouraged to perform their own due diligence regarding zoning, building requirements, permitted uses, and future development opportunities.
Directions
Hwy 169 West on Cedar Lake Road North on Mayflower to Home

Development Status

Other
Yes

Insurance Fee

Insurance Fee
0

Lake Details

Lake Depth
No

Restriction/Covenants

Other
Yes

Sellers Terms

Cash
Yes
Conventional
Yes

Topography

Sloped
Yes

Waterfront Type

Lake Front
Yes
Pond
Yes
Lake View
Yes

Waterfront View

North
Yes

Available Utilities

Electricity Available
Yes
Electricity Connected
Yes
Natural Gas Available
Yes
Natural Gas Connected
Yes
Sewer Available
Yes
Sewer Connected
Yes
Storm Sewer Available
Yes
Storm Sewer Connected
Yes
Underground Utilities Available
Yes
Water Available
Yes
Water Connected
Yes

Improvements

Paved Streets
Yes
Sidewalks
Yes
Storm Sewer
Yes

Land Inclusions

Dock
Yes
IDX
Listing Office: Compass
Last Updated: July - 20 - 2026
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