Rare opportunity to build your dream luxury 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.
Active
Price cut: $20K (7/17)
$849,000
4877 Island View Dr, Mound, MN 55364
--beds
--baths
7,840Square Feet
Unimproved Land
Built in 1930
7,840 Square Feet Lot
$902,600 Zestimate®
$--/sqft
$-- HOA
What's special
Stunning lake viewsMature treesBeautiful water viewsWide lot
- 163 days |
- 715 |
- 21 |
Zillow last checked:
Listing updated:
Listed by:
Margaret Cheney 763-443-6393,
RE/MAX HomeMasters
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7032003
Facts & features
Interior
Features
- Has basement: No
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Has view: Yes
- View description: South
- Waterfront features: Lake Front
Lot
- Size: 7,840 Square Feet
- Dimensions: 80 x 108 x 80 x 100
- Features: Property Adjoins Public Land, Tree Coverage - Medium
- Topography: Sloped
Details
- Parcel number: 2511724110041
- Zoning description: Residential-Single Family
Utilities & green energy
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Sewer Connected, Water Available, Water Connected
Community & HOA
Community
- Features: No
- Subdivision: Devon
HOA
- Has HOA: No
Location
- Region: Mound
Financial & listing details
- Tax assessed value: $993,100
- Annual tax amount: $11,985
- Date on market: 3/6/2026
- Inclusions: For Sale Sign
Estimated market value
$902,600
$722,000 - $1.10M
$1,705/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2026 | Price change | $849,000-2.3% |
Source:  NorthstarMLS as distributed by MLS GRID #7032003 Report a problem | ||
| 7/4/2026 | Price change | $869,000-0.7% |
Source: NorthstarMLS as distributed by MLS GRID #7032003 Report a problem | ||
| 5/30/2026 | Price change | $875,000-2.7% |
Source: NorthstarMLS as distributed by MLS GRID #7032003 Report a problem | ||
| 3/6/2026 | Listed for sale | $899,000+17.9% |
Source: NorthstarMLS as distributed by MLS GRID #7032003 Report a problem | ||
| 2/13/2026 | Sold | $762,500-4.7% |
Source: NorthstarMLS as distributed by MLS GRID #6805864 Report a problem | ||
| 10/17/2025 | Pending sale | $799,900 |
Source: NorthstarMLS as distributed by MLS GRID #6805864 Report a problem | ||
| 10/9/2025 | Listing removed | $799,900 |
Source: NorthstarMLS as distributed by MLS GRID #6757286 Report a problem | ||
| 9/8/2025 | Price change | $799,900-3% |
Source: NorthstarMLS as distributed by MLS GRID #6757286 Report a problem | ||
| 8/4/2025 | Price change | $825,000-2.9% |
Source: NorthstarMLS as distributed by MLS GRID #6757286 Report a problem | ||
| 7/18/2025 | Listed for sale | $850,000+2.2% |
Source: NorthstarMLS as distributed by MLS GRID #6757286 Report a problem | ||
| 1/8/2025 | Sold | $832,000+1.2% |
Source: Public Record Report a problem | ||
| 10/17/2024 | Sold | $822,000-5.8% |
Source: NorthstarMLS as distributed by MLS GRID #6516562 Report a problem | ||
| 8/19/2024 | Pending sale | $873,000 |
Source: NorthstarMLS as distributed by MLS GRID #6516562 Report a problem | ||
| 8/15/2024 | Price change | $873,000-2.7% |
Source: NorthstarMLS as distributed by MLS GRID #6516562 Report a problem | ||
| 5/29/2024 | Price change | $897,000-5.3% |
Source: NorthstarMLS as distributed by MLS GRID #6516562 Report a problem | ||
| 4/19/2024 | Listed for sale | $947,000+484.6% |
Source: NorthstarMLS as distributed by MLS GRID #6516562 Report a problem | ||
| 4/30/1997 | Sold | $162,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,985 -10% | $993,100 +1% |
| 2024 | $13,316 +24.2% | $983,000 -13.4% |
| 2023 | $10,723 +25.8% | $1,135,300 +15.7% |
| 2022 | $8,523 +0.8% | $981,000 +43.2% |
| 2021 | $8,453 +19.5% | $685,000 +1% |
| 2020 | $7,074 -16.3% | $678,000 +23.7% |
| 2019 | $8,453 +19.5% | $548,000 +16.1% |
| 2018 | $7,074 +21.9% | $472,000 +15.4% |
| 2017 | $5,801 +2.7% | $409,000 +4.6% |
| 2016 | $5,651 +0.8% | $391,000 |
| 2015 | $5,608 -0.9% | $391,000 +2.1% |
| 2014 | $5,656 -5.4% | $383,000 -3.5% |
| 2013 | $5,977 -3.6% | $397,000 -9.8% |
| 2012 | $6,198 -8.5% | $440,000 -17.9% |
| 2011 | $6,777 -2.5% | $536,000 -10.4% |
| 2010 | $6,952 +9.6% | $598,000 +2.4% |
| 2009 | $6,341 +67.7% | $583,900 +70.9% |
| 2006 | $3,782 +8.6% | $341,600 +15% |
| 2005 | $3,484 +14.9% | $297,100 +15% |
| 2004 | $3,031 +6.4% | $258,400 +13.1% |
| 2002 | $2,847 -33.1% | $228,500 |
| 2001 | $4,257 | -- |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 55364
Nearby schools
GreatSchools rating
- 9/10Shirley Hills Primary SchoolGrades: K-4Distance: 1 mi
- 10/10Grandview Middle SchoolGrades: 5-7Distance: 2 mi
- 9/10Mound-Westonka High SchoolGrades: 8-12Distance: 2.7 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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