4877 Island View Drive, Mound, MN 55364

Local realty services provided by:ERA Gillespie Real Estate
4877 Island View Drive,Mound, MN 55364
$762,500
  • 2 Beds
  • 1 Baths
  • - sq. ft.
  • Single family
  • Sold
Listed by: corey j wright
Office: exp realty
MLS#:6805864
Source:NSMLS

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Price summary

  • Price:$762,500

About this home

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.

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Home facts

  • Year built:1930
  • Listing ID #:6805864
  • Added:210 day(s) ago
  • Updated:February 14, 2026 at 01:54 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Full bathrooms:1

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air

Structure and exterior

  • Year built:1930

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$762,500
  • Tax amount:$11,985 (2025)
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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