Johnson Hoiseth Lake Minnetonka Real Estate Logo
Description Open House Details Location Market Trends Schools Recent Sales
$850,000 Est. $3,130 / mo.*

4877 Island View Drive Mound , MN 55364

Listing courtesy of eXp Realty.

Description

2 Beds
1 Bath
905 Sqft
7,840 Sqft lot
0.18 Acre lot
Status: Active
Property Type: Single Family Residence
Year Built: 1930
Neighborhood: Devon
Days on Website: 7
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.

Open House

Property Details and Features

Basement
Description:
"Finished", "Full", "Walkout"
Bathrooms
Description:
Main Floor Full Bath
Bedrooms
Total Bedrooms:
2
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Contact an Agent

Johnson|Hoiseth

9526416500 9522127103

Location

$850,000 -
4877 Island View Drive Mound , MN 55364
Subdivision: Devon

Street View

Nearby Schools

Recent Sales in the Area

This data is up-to-date as of July 25, 2025 1:15PM. For the most current information, contact Lakes Sotheby's International Realty, 952-641-6500, Paul@JohnsonHoiseth.com

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