Located on historic Halstead Bay the headwaters of Lake Minnetonka, this rare 2.32-acre site is the ideal location for residential new construction. Featuring both direct lakeshore on Halstead's Bay and navigable channel shore the lakeside entertainment/dockage options are endless. The potential for a city-approved three-lot subdivision is likely but not guaranteed. There is a city-imposed five-year moratorium on disturbing the newly installed street on Halsteads Dr. Currently, there is one set of utilities available at the property, two additional sets of utilities could not be installed until the fall of 2025 when the five-year moratorium is over. The construction of a new home could take place at any time using the available utilities and the building pad could either leverage the entire site or placement with forward-thinking to the future subdivision. The value is in the land, the current dwelling located on the property has no value.
Listing courtesy of Compass.
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