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$849,000
ACTIVE Status ⋅ 7143389 MLS
Rare opportunity to build your dream 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.

4877 Island View Drive, Mound

Listing courtesy of RE/MAX HomeMasters.

$1,999,000
ACTIVE Status ⋅ 5 Beds ⋅ 5 Baths ⋅ 7122213 MLS ⋅ 4,354 SqFt.
LAKESIDE LUXURY AT 4531 ISLAND VIEW Discover a quintessential Lake Minnetonka lifestyle in this commanding 4,300+ sq ft waterfront residence, now offered at an incredible value of $2,099,000. Perfectly positioned adjacent to a quiet park, this stunning home boasts an expansive atmosphere with beautiful views, creating the ultimate private lakeside retreat. UNRIVALED SHORELINE & ENTERTAINING Enjoy 86 feet of highly coveted shoreline providing effortless, level access to the water. Pull your boat into the private dock with a covered slip, or entertain in the flat lakeside yard. The walkout lower level is built for the ultimate host, featuring heated floors, a large game room, a bar, and a private 5th bedroom - all stepping directly to the shore. TIMELESS ARCHITECTURAL LIVING ROOM: Anchored by a two-story vaulted ceiling, a gas fireplace, and a magnificent wall of windows framing panoramic lake views. PRIMARY SUITE: A main-floor lakeside retreat with a private deck. UPPER LEVEL: Features 3 bedrooms, an open office overlooking the living space, and a 2nd laundry room. MAJOR IMPROVEMENTS: The sellers have proactively completed major capital improvements. 2025 updates include a new roof, furnace, central A/C, heat pump, a $34,000 landscaped wall, new refrigerator, and washer/dryer. Make this your new Lake Minnetonka home today!

4531 Island View Drive, Mound

Listing courtesy of Douglas Miller.

$803,000
CLOSED Status ⋅ 4 Beds ⋅ 4 Baths ⋅ 7085009 MLS ⋅ 3,275 SqFt.
Welcome to this impeccably maintained one-level living home situated on a spacious corner lot with breathtaking views of Lake Minnetonka from nearly every room. Perfectly positioned directly across from Avalon Park, this exceptional property offers the ultimate year-round lake lifestyle. Enjoy convenient access to Lake Minnetonka with the opportunity to join the City of Mound Commons Dock Program waitlist for a boat slip directly across the street. Additional dock lease locations are also available through the City of Mound. Avalon Park provides immediate access for kayaking, canoeing, and paddleboarding, while winter brings easy access for snowmobiling, ice fishing, and all your favorite cold-weather activities. Designed for entertaining both inside and out, the home features multiple outdoor living spaces, including a spacious grilling deck, a private fire pit deck, and a private hot tub deck, creating endless opportunities to relax and gather with family and friends. Step inside and prepare to be impressed by the stunning open-concept one level living, highlighted by soaring cedar-vaulted ceilings that draw your attention to the spectacular lake views. The home has been thoughtfully updated throughout, featuring granite countertops, solid alder cabinets, premium stainless steel appliances, and a luxurious owner's suite addition complete with a private spa-inspired bathroom with in floor heating, oversized walk-in closet with laundry, and peaceful lake views with direct access to the private hot tub deck. With three of the home's four bedrooms located on the main level, this home truly delivers the ease and convenience of one-level living. The lower level offers a versatile fourth bedroom that can also serve as a recreation room or guest suite and includes a convenient kitchenette, and secondary laundry making it ideal for visitors or multi-generational living. Storage is abundant throughout the home, providing plenty of space for all your belongings. The heated three-car garage features durable epoxy floors, while the newly installed concrete driveway doubles as the perfect pickleball or sport area. The expansive yard also offers ample space to add a pool while continuing to enjoy the incredible Lake Minnetonka views. As an added bonus, a nearby lakeshore homeowner may be willing to privately rent a boat slip to the new owner for the 2027 season. This arrangement would be outside of the real estate transaction and is not guaranteed. Offering an unbeatable combination of panoramic lake views, outstanding outdoor living, exceptional updates, and convenient access to both the water and nearby shopping, dining, and amenities, this is a rare opportunity to enjoy the very best of Lake Minnetonka living.

3001 Island View Drive, Mound

Listing courtesy of Coldwell Banker Realty.

$670,000
CLOSED Status ⋅ 3 Beds ⋅ 3 Baths ⋅ 7059394 MLS ⋅ 3,146 SqFt.
Custom two-story home with tree-top Lake Minnetonka views! Open concept great room with soaring vaults, two-sided fireplace and expansive windows that fill the home with natural light and views of the water. Center-island kitchen and dining area which steps out to patio—perfect for indoor-outdoor living. Upper level has three spacious bedrooms - including private primary suite with luxury bath, walk in closet and private deck. Lower level features additional finished space ideal for home theater or exercise room. Great storage in heated three car garage. Additional features include sauna, new roof, newer Trex deck, and newer kitchen appliances. Ideal location near dining, shopping, and the Dakota Regional Trail—enjoy the best of Lake Minnetonka living!

4660 Island View Drive, Mound

Listing courtesy of Coldwell Banker Realty.

$2,189,000
CLOSED Status ⋅ 5 Beds ⋅ 5 Baths ⋅ 7036476 MLS ⋅ 4,425 SqFt.
Wake up to stunning southern-facing views of Phelps Bay and a beautiful hard sand lake bottom perfect for swimming and all your lake activities from this meticulously maintained lakefront home featuring dramatic floor-to-ceiling windows spanning the main level for exceptional lake presence and natural light. Thoughtfully designed for comfortable living, the home offers four bedrooms on one level, along with 10-foot ceilings on the main level and 9-foot ceilings in the lower level, creating a bright and spacious feel throughout. The kitchen has been recently updated with new Cambria countertops and backsplash, blending style and functionality. Outdoor living shines with a new expansive Azek deck featuring a retractable-top pergola and natural gas hookups for a grill and fire table, perfect for lakeside entertaining. Lakeside landscaping and retaining wall installed in 2021 include Azek steps leading down to the lake, complemented by professional landscape lighting and irrigation. The property also features a walkout to a rare flat lakeside lawn ideal for summer games and gatherings, along with excellent privacy on both sides from fencing and mature arborvitaes. Large flat rip rap installed in 2018 provides durable and attractive shoreline protection. Additional highlights include a finished and heated three-car garage with mezzanine storage, 50-amp hookup for Level II EV charging, whole-house central vacuum with a brand new vacuum unit, and a new paver driveway installed in 2025. The home also features geothermal heating and cooling for efficient year-round comfort along with lower-level radiant floor heating for cozy Minnesota winters. Enjoy morning coffee or evening sunsets from the primary bedroom’s private balcony overlooking the lake. Conveniently located near the The Shoreline Hotel and within walking distance to Al and Alma's Supper Club & Charter Cruises for dining and lakeside entertainment. Located in the award-winning Westonka School District. The property also offers the unique opportunity for a large additional storage garage and rental house located across the street. Ask your agent for additional details.

4743 Island View Drive, Mound

Listing courtesy of Bridge Realty, LLC.

$762,500
CLOSED Status ⋅ 2 Beds ⋅ 1 Baths ⋅ 6805864 MLS ⋅ 905 SqFt.
Located on the highly sought-after "Island" of Lake Minnetonka, this rare lakefront property offers 80 feet of south-facing shoreline on picturesque Phelps Bay. The home is not quite move-in ready and presents a prime opportunity for investors, builders, or homeowners looking to bring their vision to life. Whether you're planning to renovate and resell, remodel and enjoy, or tear down and build new, this property offers endless potential. With the right updates and design, this lakeshore retreat can truly shine. It could serve as a summer getaway, long-term rental, or luxury dream home. The seller is including a full survey, site specifications, architectural renderings, and a proposed layout for a future build. A rare lakeside shed at the water’s edge is also included, providing convenience and added value. This is a blank canvas on one of Lake Minnetonka’s most desirable shorelines—offering flexibility, upside, and the chance to create something truly special.

4877 Island View Drive, Mound

Listing courtesy of eXp Realty.

$750,000
CLOSED Status ⋅ 3 Beds ⋅ 4 Baths ⋅ 6754191 MLS ⋅ 3,145 SqFt.
Smart, stylish and modern with inspiring panoramic island views over Phelps Bay!  Wonderful lake living!  This home has a fantastic nautical vibe with great radiant natural light and openness.  The floor plan is a true masterpiece that pulls the living spaces together seamlessly. The exceptional kitchen is loaded with fantastic amenities including smart appliances, rollout shelves, spice racks, coffee area, soft close drawers, granite and more.  The owners suite is a fantastic retreat with an exceptional bath, oversized walk-in closet and a wonderful observation deck. A great place to enjoy your morning coffee, bask in the sun or stargaze. A multitude of smart-home features throughout! Bring the boat! The extra deep, 36ft garage will accommodate a nice sized craft and all the water toys. This space is heated and cooled so you can take great care of your pride and joy in the off season.  A brand new roof will be installed prior to closing! Great potential and possibilities to finish the expansive attic space for an art studio, extra office or whatever you can imagine. Treat yourself to wonderful lake living and views to die for!  There's plenty of lake season left!

4646 Island View Drive, Mound

Listing courtesy of Compass.

$2,650,000
CLOSED Status ⋅ 4 Beds ⋅ 5 Baths ⋅ 6732178 MLS ⋅ 4,503 SqFt.
Show stopping newer construction home with panoramic views over Lake Minnetonka from all 3 levels. Real wood floors, open concept kitchen with center island, large walk-in pantry and commercial grade appliances alongside a great mudroom and hard to find 3 car garage support this amazing 1st floor as well as a large lakeside deck and tons of glass to capture the views. The upper level boasts 4 bedrooms, 3 bathrooms as well as a large dedicated laundry room and a lakeside master wasting no time capturing the sunlight and views. This house doesn't stop there - the lower level wows with all the entertaining space you could desire plus; a fireplace, fully functional bar and home office and a truly captivating (full width of house) screen porch to enjoy summer evenings and afternoon naps in. If that wasn't enough, a wonderful exercise room and large shop plus storage built under the garage space finish off the wish list. If waiting for bonus.....this delivers. A fenced yard for your furry friends, a lakeside fire-pit and A BOATHOUSE awaits you on the shore - a rare and wonderful addition to this offering. Ready to whittle the afternoon away close to the water and the perfect place to store those lake toys and fishing poles. Truly a gem and ready to enjoy this summer on The Lake!

3100 Island View Drive, Mound

Listing courtesy of Coldwell Banker Realty.

$295,000
CLOSED Status ⋅ 2 Beds ⋅ 1 Baths ⋅ 6600086 MLS ⋅ 1,118 SqFt.
NEW PRICE. Seller is very motivated. Quick close preferred. This a rare opportunity to purchase a classic cottage-cabin rambler on Phelps Island, steps from Phelps Bay, Lake Minnetonka. This is one of the best lots on Phelps Island. Built in 1920, this charming home sits on a double, corner, and wooded lot, surrounded by well-cared-for mature trees. The large fenced-in yard is a blank canvas for anyone who wants to create their dream landscaping/garden or have a large space for kids or pets or both. The property has two large driveways - more than enough extra space to park your boat, camper etc. As a Mound resident the owner will be part of the exclusive Mound Dock Program, allowing access to stunning Phelps Bay, Lake Minnetonka. The light-filled, open-plan, and relaxed interior feels connected to the nature that surrounds the home. Two large bedrooms, working original fireplace, with ample room for entertaining inside and out. Set in a tranquil location this home feels like a hideaway. New roof on house in 2023. New roof on garage and garage rehab in 2022. New retaining wall in 2023. Bathroom pipes/plumbing replaced 7 years ago with a bathroom update. HVAC, washer, dryer, range, and refrigerator have all been covered by "Home Service Plus" through Centerpoint Energy - all kept serviced and up to date. Phelps Bay is one of the quietest Bays on Lake Minnetonka - lots of sailing, windsurfing, kayaking, and canoeing. Don’t miss this opportunity to live in a truly beautiful and unique location. Live in it and love it, or build your dream home - limitless possiblities and potential.

4776 Island View Drive, Mound

Listing courtesy of Anderson Realty.

$1,460,000
CLOSED Status ⋅ 3 Beds ⋅ 3 Baths ⋅ 6535409 MLS ⋅ 2,251 SqFt.
Charming lake home with stunning panoramic views offering 50 feet of south facing lakeshore overlooking desirable Phelps Bay! This home got the message on lakeside living with 4 outdoor living spaces- all with panoramic lake views! The interior is home lake focused as well with views from nearly every room- all set for enjoying lake life. Noteworthy updaes include: Home remodeled in 2009 -Viking professional appliances -Pella windows -New roof 2022 -New granite countertops and paint refresh throughout house in 2023 -Sellrs have enjoyed the quick access to western part of lake! Get ready to make unforgettable memories! Welcome Home!

4753 Island View Drive, Mound

Listing courtesy of Keller Williams Premier Realty Lake Minnetonka.

$822,000
CLOSED Status ⋅ 2 Beds ⋅ 1 Baths ⋅ 6516562 MLS ⋅ 905 SqFt.
Nestled on the "Island" with picturesque south-facing sunsets, this home boasts a prime location on Phelps Bay. This property offers the chance and creative freedom to either embrace a cozy cabin lifestyle or build the lake home you've always dreamed of. Additionally, it includes the rare opportunity to have your own storage shed at the water's edge.

4877 Island View Drive, Mound

Listing courtesy of Realty Executives Associates.

$1,260,000
CLOSED Status ⋅ 4 Beds ⋅ 4 Baths ⋅ 6432687 MLS ⋅ 3,675 SqFt.
Beach house on Lake Minnetonka! Vaulted great room with fireplace and wall of windows showcasing long-southerly views of Phelps Bay. Center-island kitchen with high-end appliances, main level lakeside primary suite with fireplace and private luxury bath. Step out to a large deck overlooking the gently sloping lawn and lakeshore. Second floor features two additional bedrooms, full bath, and hidden bonus room above garage. Walk-out lower-level features family room with wet bar with beverage cooler. Additional bedroom, bath, sauna, and laundry room complete this floor. Newer mechanicals. Property features boat house, sandy beach, and A-rated water. Prime location close to restaurants, shopping, and the Dakota Trail. Award-winning Westonka Schools.

4687 Island View Drive, Mound

Listing courtesy of Coldwell Banker Realty.

$1,400,000
CLOSED Status ⋅ 4 Beds ⋅ 3 Baths ⋅ 6426053 MLS ⋅ 2,077 SqFt.
*SOLD BEFORE PRINT RARE AND AMAZING! Totally remodeled ready to move in "Minneapolis style" home on East-facing lakeshore. Unique opportunity to move right in. Property includes a boat house, sandy lake bottom. Commons lakeshore requires a yearly permit for dock. The upgrades are too plentiful to list and must be seen to be believed. (A few fixtures are still on order). Quick occupancy is available.

4805 Island View Drive, Mound

Listing courtesy of Coldwell Banker Realty.

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