4877 Island View Drive, Mound, MN 55364

$869,000
Property Type: Land Lot Size (sq. ft.): 7,841 Status: Active
Current Price: $869,000 List Date: 3/06/2026 Last Modified: 7/04/2026

Overview

Description

Rare opportunity to build your dream luxury 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.

Listing Details MLS# 7032003

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
Assessment Pending
No
Association Fee
0

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

Contract Information

Contingency
None
Original List Price
899000
ListPrice
869000
Owner is an Agent?
No
Auction?
No

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

Assessments

Tax With Assessments
11985
Assessment Balance
0

Builder Information

Builder Restrictions
Open

More Information

Lake Details

Lake Acres
14205
Lake Depth
113

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
25
Township#
117

Office/Member Info

Association
MAAR

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 luxury 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.

Development Status

Finished Lot(s)
Yes

Elevation Highpoint to Waterfront Slope

Steep
Yes

Insurance Fee

Insurance Fee
0

Lot Description

Property Adjoins Public Land
Yes
Tree Coverage - Medium
Yes

Restriction/Covenants

Other
Yes

Sellers Terms

Cash
Yes
Conventional
Yes

Topography

Sloped
Yes

Waterfront Type

Lake Front
Yes

Waterfront View

South
Yes

Available Utilities

Electricity Available
Yes
Natural Gas Available
Yes
Sewer Available
Yes
Sewer Connected
Yes
Water Available
Yes
Water Connected
Yes

Improvements

Other
Yes

Land Inclusions

For Sale Sign
Yes

Property SubType

Lake Property
Yes
Residential Lot
Yes

Documents

IDX
Listing Office: RE/MAX HomeMasters
Last Updated: July - 04 - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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