4663 Suffolk Road, Mound
Listing courtesy of eXp Realty.
(952) 473-1000
Real Estate Company
Phelps Island is a unique and desirable part of Lake Minnetonka, located east of Cook's Bay and indented on its southeast side by Phelps Bay. The island holds historical significance as it was named in honor of Edmund Joseph Phelps, a prominent Minneapolis figure born in 1845 near Brecksville, Ohio. Phelps moved to Minnesota in 1878 and later co-founded the Minneapolis Loan and Trust Company in 1883. The bay and island that bear his name offer a rich history and a vibrant community. Its serene environment and proximity to local amenities make it highly appealing to homebuyers, boaters, and outdoor enthusiasts. Nearby cities such as Mound and Spring Park provide convenient access to the island, offering a blend of small-town charm and modern conveniences.
Scenic Beauty and Lifestyle: Phelps Island is known for its natural beauty, featuring mature trees and tranquil surroundings. The calm waters around the island are ideal for boating, fishing, kayaking, and paddleboarding. The peaceful environment offers a retreat from the hustle and bustle of city life, providing residents with a serene lakeside lifestyle.
Prime Location and Accessibility: The island is easily accessible via major roadways, including Shoreline Drive and Interlachen Road, connecting residents to nearby town centers in Mound and Spring Park, which offer shopping, dining, and entertainment options.
Notable Nearby Bays, Islands, and Points: Adjacent to Phelps Island are several points of interest, including Enchanted Island and Seton Lake, each offering unique landscapes and recreational opportunities.
The waters surrounding Phelps Island maintain good quality, with clarity levels that support various aquatic activities. Local environmental reports and homeowner observations indicate consistent water quality, with ongoing maintenance efforts to preserve its condition. While occasional algae blooms and aquatic plant life are natural occurrences, conservation efforts are in place to manage their impact on water conditions.
The real estate landscape on Phelps Island features a variety of homes, including luxury estates, modern lakefront homes, and historic cabins. Desirable property features often include private docks, lakefront patios, wooded lots, and proximity to local amenities. The real estate market in this area is characterized by limited inventory and high demand, with price ranges reflecting the premium nature of island living.
Phelps Island is served by the Westonka School District, offering quality education to local families. Specific elementary, middle, and high schools serving the area can be identified based on property listings and district boundaries. Notable school rankings, specialized programs, and strong community involvement contribute to the area's appeal for families.
If you're considering buying or selling property on Phelps Island, now is an excellent time to explore available listings or connect with a trusted local expert to maximize your property's value. Embrace the opportunity to enjoy a serene island lifestyle or to pass on your cherished home to the next appreciative owner.
Explore these nearby bays and points to enhance your Lake Minnetonka experience:
Whether you're seeking a tranquil retreat or an active lakeside lifestyle, Phelps Island offers a unique blend of natural beauty, recreational opportunities, and a welcoming community.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
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