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!
Active
Price cut: $100K (8/28)
$1,999,000
4531 Island View Dr, Mound, MN 55364
5beds
4,354sqft
Single Family
Built in 2007
9,147 Square Feet Lot
$-- Zestimate®
$459/sqft
$-- HOA
What's special
Gas fireplaceBeautiful viewsHeated floorsFlat lakeside yardTwo-story vaulted ceilingExpansive atmosphereLarge game room
- 62 days
- 1,444
- 72
Zillow last checked:
Listing updated:
Listed by:
Douglas R Miller 612-284-9000,
Douglas Miller
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7122213
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 3
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Main
- Area: 232 Square Feet
- Dimensions: 16x14.5
Bedroom 2
- Level: Second
- Area: 224 Square Feet
- Dimensions: 14x16
Bedroom 3
- Level: Second
- Area: 137.5 Square Feet
- Dimensions: 12.5x11
Bedroom 4
- Level: Second
- Area: 204 Square Feet
- Dimensions: 12x17
Bedroom 5
- Level: Basement
- Area: 126 Square Feet
- Dimensions: 14x9
Bathroom
- Level: Main
- Area: 60 Square Feet
- Dimensions: 10x6
Bathroom
- Level: Second
- Area: 85 Square Feet
- Dimensions: 10x8.5
Bathroom
- Level: Basement
- Area: 100 Square Feet
- Dimensions: 10x10
Other
- Level: Basement
- Area: 168 Square Feet
- Dimensions: 14x12
Deck
- Level: Main
- Area: 200 Square Feet
- Dimensions: 16x12.5
Deck
- Level: Basement
- Area: 200 Square Feet
- Dimensions: 16x12.5
Dining room
- Level: Main
- Area: 140 Square Feet
- Dimensions: 14x10
Dining room
- Level: Main
- Area: 80 Square Feet
- Dimensions: 10x8
Family room
- Level: Basement
- Area: 450 Square Feet
- Dimensions: 18x25
Game room
- Level: Basement
- Area: 224 Square Feet
- Dimensions: 16x14
Kitchen
- Level: Main
- Area: 169 Square Feet
- Dimensions: 13x13
Laundry
- Level: Main
- Area: 44 Square Feet
- Dimensions: 8x5.5
Living room
- Level: Main
- Area: 304 Square Feet
- Dimensions: 16x19
Office
- Level: Second
- Area: 182 Square Feet
- Dimensions: 14x13
Walk in closet
- Level: Main
- Area: 84 Square Feet
- Dimensions: 6x14
Walk in closet
- Level: Second
- Area: 48 Square Feet
- Dimensions: 8x6
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Cooktop, Dishwasher, Double Oven, Dryer, Electronic Air Filter, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Wall Oven
- Laundry: Main Level, Upper Level
Features
- Basement: Drain Tiled,Finished,Full,Storage Space,Sump Pump,Walk-Out Access
- Number of fireplaces: 2
- Fireplace features: Family Room, Gas, Living Room
Interior area
- Total structure area: 4,656
- Total interior livable area: 4,354 sqft
- Finished area above ground: 3,084
- Finished area below ground: 1,270
Property
Parking
- Total spaces: 3
- Parking features: Attached, Garage Door Opener, Heated Garage, Insulated Garage, Tandem Garage
- Attached garage spaces: 3
- Has uncovered spaces: Yes
- Details: Garage Dimensions (22x37)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Front Porch, Patio, Rear Porch
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: East, Lake, Panoramic, South
- Has water view: Yes
- Water view: Lake
- Waterfront features: Dock, Lake Front, Lake View, Waterfront Elevation(0-4), Lake Bottom(Hard, Sand)
- Frontage length: Water Frontage: 86
Lot
- Size: 9,147 Square Feet
- Dimensions: 86L x 181 x 35 x 160
- Features: Irregular Lot
Details
- Additional structures: Storage Shed
- Foundation area: 1572
- Parcel number: 3011723210009
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Roof: Age 8 Years or Less,Asphalt
Condition
- New construction: No
- Year built: 2007
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Mound
Financial & listing details
- Price per square foot: $459/sqft
- Tax assessed value: $1,983,000
- Annual tax amount: $25,393
- Date on market: 8/5/2026
- Cumulative days on market: 64 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2026 | Price change | $1,999,000-4.8%$459/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7122213 Report a problem | ||
| 8/21/2026 | Price change | $2,099,000-4.5%$482/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7122213 Report a problem | ||
| 8/5/2026 | Listed for sale | $2,199,0000%$505/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7122213 Report a problem | ||
| 8/5/2026 | Listing removed | $2,200,000$505/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7102679 Report a problem | ||
| 7/31/2026 | Price change | $2,200,000-6.3%$505/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7102679 Report a problem | ||
| 7/21/2026 | Price change | $2,349,000-2.1%$540/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7102679 Report a problem | ||
| 7/9/2026 | Listed for sale | $2,399,000+157%$551/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7102679 Report a problem | ||
| 8/1/2012 | Sold | $933,500$214/sqft |
Source: NorthstarMLS as distributed by MLS GRID #4154433 Report a problem | ||
| 5/27/2012 | Sold | $933,500-4.6%$214/sqft |
Source: Agent Provided Report a problem | ||
| 5/20/2012 | Price change | $979,000-1.6%$225/sqft |
Source: Coldwell Banker Burnet - Wayzata #4154433 Report a problem | ||
| 11/6/2011 | Price change | $995,000-7.4%$229/sqft |
Source: Coldwell Banker Burnet - Wayzata #4078510 Report a problem | ||
| 8/19/2011 | Listed for sale | $1,075,000-22.9%$247/sqft |
Source: Coldwell Banker Burnet - Wayzata #4078510 Report a problem | ||
| 2/26/2009 | Listing removed | $1,395,000$320/sqft |
Source: NRT Minneapolis #3647822 Report a problem | ||
| 2/20/2009 | Price change | $1,395,000-1.4%$320/sqft |
Source: NRT Minneapolis #3647822 Report a problem | ||
| 10/18/2008 | Price change | $1,415,500-5%$325/sqft |
Source: NRT Minneapolis #3502712 Report a problem | ||
| 9/13/2008 | Listed for sale | $1,490,000+138.4%$342/sqft |
Source: NRT Minneapolis #3502712 Report a problem | ||
| 11/6/2006 | Sold | $625,000$144/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $25,393 +9.9% | $1,983,000 +2.6% |
| 2025 | $23,104 +2.4% | $1,933,500 +6.8% |
| 2024 | $22,554 +23.7% | $1,810,000 -2.7% |
| 2023 | $18,231 +15.3% | $1,859,400 +15.9% |
| 2022 | $15,812 +2.2% | $1,604,000 +34.5% |
| 2021 | $15,465 +1.7% | $1,193,000 +2.4% |
| 2020 | $15,208 -1.7% | $1,165,000 +8.5% |
| 2019 | $15,465 +1.7% | $1,074,000 +3.7% |
| 2018 | $15,208 +7.5% | $1,036,000 +7.5% |
| 2017 | $14,149 -4.1% | $964,000 +5.7% |
| 2016 | $14,750 +2.3% | $912,000 |
| 2015 | $14,413 -0.8% | $912,000 +3.5% |
| 2014 | $14,531 -5.6% | $881,000 -4.7% |
| 2013 | $15,401 +0.7% | $924,000 -2.1% |
| 2012 | $15,293 +5.1% | $944,000 -5.8% |
| 2011 | $14,557 +2.1% | $1,002,000 -11.3% |
| 2010 | $14,261 -8.9% | $1,130,000 -13.6% |
| 2009 | $15,646 | $1,307,300 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 55364
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