Build your dream home here with Omni Custom Builders..Welcome to the untouched elegance, where the tranquil waters of Phelps Bay on Lake Minnetonka meet a property that feels as if it were pulled from a dream. Tucked away on a secluded peninsula shared by only two other estates, this once-in-a-lifetime lot has absolute privacy on three sides of this magnificent property that spans nearly half an acre. With 205 feet of uninterrupted shoreline in front and another 204 feet of water and natural views wrapping around the side and back, this property offers near-360° lakefront serenity.
This rare setting invites you into a lifestyle defined by privacy, natural beauty, and year-round adventure. Phelps Bay is renowned among local anglers as the premier bass fishing destination on Lake Minnetonka. Launch your boat for a morning on the glassy water, cast off the dock at sunset, or explore the shoreline by paddle board. In winter, the frozen bay transforms into a private ice fishing haven just steps from home. Located in Westonka Schools, the property is just 20 minutes from downtown Minneapolis and moments from coveted West Metro favorites. Enjoy lakeside dining at Al & Alma’s Supper Club, cocktails on the deck at Lord Fletcher’s, or boutique shopping and cafes in Wayzata, Excelsior, and Mound. Golfers will appreciate the short drive to Lafayette Club, and nature lovers can escape into nearby trails and parks along the lake.
Set at the end of a quiet cul-de-sac/private driveway, this site promises unmatched seclusion. The southeast-facing exposure gifts you with golden sunrises over the water each morning, and burying the existing utilities underground will preserve your unobstructed, horizon-wide view. Here, you don’t just build a home, you create a legacy.
If you want a one-of-a-kind, secluded, and private 1/2 acre lot on Lake Minnetonka, this is the perfect property for you. Being able to see nature around you, while living on Lake Minnetonka is rare, and this lot has it all.
Active
$3,000,000
3495 E Shore Dr, Mound, MN 55364
4beds
4,714sqft
Single Family
Built in 2027
0.49 Acres Lot
$2,892,500 Zestimate®
$636/sqft
$-- HOA
What's special
Unobstructed horizon-wide view
- 5 days
- 341
- 12
Zillow last checked:
Listing updated:
Listed by:
Julia Distel 612-386-7626,
RE/MAX Results
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7133553
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 2
- 3/4 bathrooms: 2
- 1/2 bathrooms: 1
Bedroom
- Level: Main
Bedroom 2
- Level: Main
Bedroom 3
- Level: Upper
Bedroom 4
- Level: Upper
Other
- Level: Upper
Bonus room
- Level: Upper
Dining room
- Level: Main
Family room
- Level: Upper
Great room
- Level: Main
Kitchen
- Level: Main
Laundry
- Level: Main
Laundry
- Level: Upper
Office
- Level: Main
Porch
- Level: Main
Heating
- Forced Air, In-Floor Heating
Cooling
- Central Air
Appliances
- Included: Air-To-Air Exchanger, Dishwasher, Dryer, ENERGY STAR Qualified Appliances, Freezer, Humidifier, Gas Water Heater, Microwave, Range, Refrigerator, Washer
- Laundry: Gas Dryer Hookup, Laundry Room, Main Level, Sink, Upper Level, Washer Hookup
Features
- Basement: None
- Number of fireplaces: 2
- Fireplace features: Double Sided, Family Room, Gas
Interior area
- Total structure area: 4,714
- Total interior livable area: 4,714 sqft
- Finished area above ground: 4,714
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: Attached, Asphalt, Electric, Garage, Garage Door Opener, Heated Garage, Insulated Garage
- Attached garage spaces: 3
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Other
Features
- Levels: Two
- Stories: 2
- Patio & porch: Composite Decking, Covered, Enclosed, Rear Porch
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: Bay, Lake, Panoramic
- Has water view: Yes
- Water view: Bay,Lake
- Waterfront features: Dock, Lake Front, Lake View, Lake Bottom(Hard, Rocky, Sand, Soft, Excellent Sand)
- Frontage length: Water Frontage: 205
Lot
- Size: 0.49 Acres
- Dimensions: 234 x 205 x 230
- Features: Tree Coverage - Light
Details
- Foundation area: 2545
- Parcel number: 2511724130001
- Zoning description: Shoreline,Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Concrete, Frame
- Roof: Age 8 Years or Less
Condition
- New construction: No
- Year built: 2027
Details
- Builder name: OMNI CUSTOM BUILDERS, LLC
Utilities & green energy
- Electric: Circuit Breakers, 200+ Amp Service
- Gas: Natural Gas
- Sewer: Septic System Compliant - Yes
- Water: Well
Community & HOA
Community
- Subdivision: Douglas
HOA
- Has HOA: No
Location
- Region: Mound
Financial & listing details
- Price per square foot: $636/sqft
- Tax assessed value: $1,031,100
- Annual tax amount: $11,041
- Date on market: 8/26/2026
- Cumulative days on market: 102 days
Estimated market value
$2,892,500
$2.75M - $3.04M
$3,263/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/26/2026 | Listed for sale | $3,000,000+185.7%$636/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7133553 Report a problem | ||
| 4/1/2025 | Sold | $1,050,000-6.7%$223/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6400885 Report a problem | ||
| 11/4/2024 | Pending sale | $1,125,000$239/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6400885 Report a problem | ||
| 7/10/2024 | Price change | $1,125,000-2.2%$239/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6400885 Report a problem | ||
| 6/10/2024 | Price change | $1,150,000-2.2%$244/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6400885 Report a problem | ||
| 5/21/2024 | Price change | $1,176,000-1.6%$249/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6400885 Report a problem | ||
| 4/26/2024 | Price change | $1,195,000-0.4%$254/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6400885 Report a problem | ||
| 3/27/2024 | Listed for sale | $1,200,000$255/sqft |
Source:  FMARMLS #6400885 Report a problem | ||
| 3/18/2024 | Listing removed | -- |
Source: NorthstarMLS as distributed by MLS GRID #6400885 Report a problem | ||
| 2/28/2024 | Listed for sale | $1,200,000-7.7%$255/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6400885 Report a problem | ||
| 10/23/2023 | Listing removed | -- |
Source:  Edina Realty Report a problem | ||
| 8/10/2023 | Listed for sale | $1,300,000$276/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6400885 Report a problem | ||
| 8/3/2023 | Listing removed | -- |
Source: Edina Realty Report a problem | ||
| 7/20/2023 | Listed for sale | $1,300,000$276/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6400885 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,276 +6.7% | $1,031,100 +26.7% |
| 2024 | $7,753 +19.6% | $813,900 +1.7% |
| 2023 | $6,481 +13% | $800,400 +11% |
| 2022 | $5,738 +25.3% | $721,000 +27.6% |
| 2021 | $4,578 -8.2% | $565,000 +23.9% |
| 2020 | $4,988 +8.9% | $456,000 -1.5% |
| 2019 | $4,578 -8.2% | $463,000 -0.2% |
| 2018 | $4,988 +1.9% | $464,000 +10.5% |
| 2017 | $4,892 +0.6% | $420,000 +16.7% |
| 2016 | $4,864 +16% | $360,000 -2.4% |
| 2015 | $4,192 -4.3% | $369,000 +3.4% |
| 2014 | $4,382 +0.7% | $357,000 -0.8% |
| 2013 | $4,353 -7.4% | $360,000 -10.4% |
| 2012 | $4,700 +1.4% | $402,000 -7.8% |
| 2011 | $4,634 +4.7% | $436,000 -2.7% |
| 2010 | $4,427 +1.5% | $448,000 -2.2% |
| 2009 | $4,360 +25.7% | $458,000 +33.9% |
| 2006 | $3,468 +8.4% | $342,000 +14.6% |
| 2005 | $3,201 +15.7% | $298,500 +15% |
| 2004 | $2,767 +0.3% | $259,600 +12% |
| 2002 | $2,759 -31.9% | $231,800 |
| 2001 | $4,055 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 55364
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