Villas on Lost Lake Mound MN

$1,195,000
ACTIVE Status 3 Beds 3 Baths 7112652 MLS 2,439 SqFt.
Turn-key main-level living townhome in a highly sought-after Lake Minnetonka community! Designed for comfort and convenience, this open-concept home features soaring vaulted ceilings, abundant natural light, and an updated kitchen with a large center island, perfect for everyday living and entertaining. The spacious main-level primary suite offers a walk-in closet and a private spa-inspired bath complete with dual vanities, a soaking tub, and a separate walk-in shower. A dedicated main-floor laundry room adds to the ease of one-level living. Step outside to the inviting main-level patio and three-season porch with Phantom screens—an ideal space to relax, entertain, or enjoy the fresh air throughout the seasons. In-floor heat extends throughout the main level. Fully finished, heated three-car garage. Upstairs, you'll find a comfortable loft that makes an ideal second living area, along with two additional bedrooms, a full bath, an office nook, and a second three-season porch featuring Phantom screens, offering even more space to unwind. Residents enjoy exceptional association amenities, including a beautifully maintained outdoor pool and hot tub. Offering low-maintenance living in an unbeatable Lake Minnetonka location, this home truly checks every box. Move right in and start enjoying the carefree Lake Minnetonka lifestyle you've been waiting for!

5485 Lost Lake Lane, Mound

Listing courtesy of Coldwell Banker Realty.

$1,350,000
PENDING Status 3 Beds 3 Baths 7024356 MLS 2,680 SqFt.
Luxurious Lake Minnetonka townhome! Arguably the most desirable property in the community, being one of the largest with 3 bedrooms + office, soaring 18' ceilings, three car garage, a true laundry room, lakeside paver patio, and deck with electric screen! Premier south-facing open-concept end-unit in impeccable condition and is better than new construction! Custom built, and new high end remodel top-to-bottom with no expense spared! Designer finishes with excellent attention to detail. Walls of windows fill the home with natural light! Soak in the incredible jaw-dropping views from every room! Spectacular vaulted ceilings with smooth finish. Main level living, with no stairs at entry and garage. Two living rooms and two dining rooms. Hot water heated floors across the main level. Quartz counters throughout. New kitchen features a large center island, stainless steel appliances, Thermador refrigerator, Fisher & Paykel two drawer dishwasher, gas range, tile backsplash, stone sink, and soft-close hardware. Grand primary suite has dual vanity with built-in hairdryer plug-in, Kohler mirror medicine cabinets, walk-in shower, separate soaking tub, and walk-in closet. You will enjoy having the white oak flooring, built-ins with roll-outs, wet bar, California Closets, gas fireplace, humidifier, and in-floor outlets. The garage is finished, heated, insulated, epoxied, has a floor drain, and power for an electric vehicle. Steps to the updated pool, hot tub, and cabana kitchen! Secure boat slip has water and electricity, available for up to a 26’ or 30’ boat. Beautiful curb appeal, in a convenient and in demand location. An exceptionally rare opportunity! Your maintenance-free lake life awaits, schedule your tour today!

5465 Lost Lake Lane, Mound

Listing courtesy of Keller Williams Premier Realty Lake Minnetonka.

$450,000
CLOSED Status 2 Beds 2 Baths 7017315 MLS 1,154 SqFt.
Welcome to 5449 Lost Lake Lane, offering maintenance-free living with Lake Minnetonka access in the heart of Mound. This 2-bedroom, 2-bathroom townhouse features 1,154 square feet of well-designed living space, a 2-car garage, quality finishes including hardwood floors and granite countertops, and an open floor plan that opens to a spacious deck for outdoor enjoyment. The association provides shared amenities including a pool, hot tub, and cabana with kitchen for seasonal use. The lower-level second bedroom offers flexible space suitable for a guest room, home office, exercise area, or hobby room. The property includes a city-issued dock slip through the City of Mound dock program, currently held by the seller and transferable to the new owner at closing. The slip accommodates boats up to approximately 30 feet, includes power and water, and is accessed via a dredged channel suitable for a variety of watercraft. Dock fees are paid annually and are offered at a significantly reduced rate for Lost Lake Villas owners at just $1,500. Enjoy convenient access to an extensive network of nearby walking and biking trails, including the Greenway to Wayzata, the Andrew Sisters Trail, and connections to the Dakota Junction Trail in Mound, providing access west toward local destinations for dining, wineries, farms, and seasonal events. City-maintained trail access also provides seasonal lake connectivity for winter recreation. Lost Lake Channel offers a natural setting with regularly observed local wildlife and year-round activity. Summer views often include waterfowl and shoreline wildlife, while winter months commonly bring cross-country skiers and seasonal trail users passing through the channel toward Lake Minnetonka. A well-maintained community, flexible living spaces, trail connectivity, and included dock access make this home a unique Lake Minnetonka opportunity.

5449 Lost Lake Lane, Mound

Listing courtesy of Compass.

$478,000
CLOSED Status 2 Beds 2 Baths 6811668 MLS 1,163 SqFt.
Experience Lake Minnetonka living at its best with a private 30-foot permanent slip on Lost Lake, complete with water and power. Direct access to Cook’s Bay and the heart of Lake Minnetonka. This two-bedroom, two-bath townhome blends comfort and quality with thoughtful updates and an ideal location with easy access to restaurants by boat, car, bike on the Dakota Trail and local paths. Wide-plank white oak hardwood floors bring warmth to the open main level, where natural light fills the living room and frames views of the surrounding trees. The gas fireplace, accompanied by a custom wood mantel, anchors the space, and the adjoining deck provides a quiet retreat overlooking the green space. The kitchen features full-height white shaker cabinets, Cambria countertops, a center island with seating, and stainless steel appliances, creating a polished and functional hub for everyday living or weekend entertaining. The lower-level suite opens to a private patio and connects to a heated, insulated garage with an added retractable screen. The garage is ideal for utilizing the space as a workshop, gym, or lounge area during the warmer months. Both bathrooms have been tastefully updated, and the home’s layout strikes a balance between privacy and togetherness with ease. The Villas on Lost Lake community offers resort-style amenities, including a heated pool, hot tub, and a cabana with a full kitchen. From your slip, enjoy endless summer days on the water and easy access to the Dakota Trail, local parks, and the lakeside charm of downtown Mound. This property offers the ideal blend of low-maintenance living and the Lake Minnetonka lifestyle.

5457 Lost Lake Lane, Mound

Listing courtesy of Hale Properties, Inc.

$457,500
CLOSED Status 2 Beds 2 Baths 6682010 MLS 1,163 SqFt.
Welcome to 5451 Lost Lake Lane, your gateway to exceptional Lake Minnetonka living. Discover unparalleled value with a guaranteed 30-foot permanent slip, complete with water and power, on Lost Lake, a true entryway to Lake Minnetonka’s Cook’s Bay. This stunning 2-bedroom, 2-bath end-unit home has been thoughtfully updated within the past five years, offering a refined blend of modern elegance and timeless comfort. The heart of the home is a gourmet kitchen featuring crisp white shaker cabinetry, LG stainless steel appliances, including an armoire refrigerator and gas range, complemented by quartz countertops, a center island with seating, and an artfully designed hexagon tile backsplash. Natural light fills the living space, accentuating the warmth of the gas fireplace adorned with a tile surround and a striking wood beam mantel. The home’s design not only ensures abundant sunlight but also provides a serene retreat on its 25-foot, maintenance-free deck that overlooks expansive greenspace. Each bathroom has been beautifully updated, and the lower-level bedroom suite opens gracefully to a private patio, perfect for unwinding. Additional highlights include a 2-car insulated garage complete with a gas heater and epoxy flooring. The Villas on Lost Lake community further elevates your lifestyle with an association-maintained pool area featuring a heated pool, hot tub, and a cabana equipped with a kitchen. This is more than a home, it’s a refined lifestyle waiting to be experienced, with easy access to the Dakota Trails, City Parks, and downtown area.

5451 Lost Lake Lane, Mound

Listing courtesy of Hale Properties, Inc.

Start Your Search

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.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.