- 2 beds
- 1 bath
- 905 sqft
- 7,840 sqft lot
- $939 per sqft
- 1930 build
- – on site
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.
Last checked:
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Checking…
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Last updated Jul 19, 2025
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MLS# 6757286 —
The Building
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Year Built:1930
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New Construction:false
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Age Of Property:95
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Construction Materials:Wood Siding
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Roof:Asphalt
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Accessibility Features:None
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Levels:One
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Main Level Finished Area:608.0000
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Basement:Finished, Full, Walkout
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Basement:true
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Foundation Area:608
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Manufactured Home:No
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Building Area Total:905
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Above Grade Finished Area:608
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Below Grade Finished Area:297
Interior
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Dining Room Description:Eat In Kitchen
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Fireplace:false
Room Dimensions
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Living Area:905
Location
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Directions:From Tuxedo Blvd, turn onto Clyde and then take a right onto Island View. Follow this several blocks down and the property will be on your left.
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Latitude:44.91905
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Longitude:-93.648696
The Property
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Parcel Number:2511724110041
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Zoning Description:Residential-Single Family
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Attached:false
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Additional Parcels:false
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Lot Size Area:0.18
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Lot Size Dimensions:79x100
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Lot Size SqFt:7840.8
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Lot Size Units:Acres
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Lake Chain:N
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Lake Acres:14205
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Lake Depth:113
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Water Body Name:Minnetonka
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Water Source:City Water/Connected
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (763) 807-5537
- Office phone:
- (320) 500-4397
Taxes
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Tax Year:2025
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Tax Annual Amount:11985
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Tax With Assessments:11985.0000
Beds
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Bedrooms Total:2
Baths
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Total Baths:1
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Bath Description:Main Floor Full Bath
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Full Baths:1
Heating & Cooling
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Heating:Boiler
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Cooling:Window Unit(s)
Utilities
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Sewer:City Sewer/Connected
Schools
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High School District:Westonka
The Community
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Subdivision Name:Devon
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Waterfront:true
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Waterfront Features:Lake Front
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Association:false
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Assessment Pending:No
Parking
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Parking Features:Detached
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Garage Spaces:2
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Garage SqFt:400
Monthly cost estimate

Asking price
$850,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$4,551
|
Taxes | $998 |
Insurance | $233 |
Utilities | $161 See report |
Total | $5,943/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/17/25
Jul 17, 2025
|
Listed / Active | NORTHSTAR | $850,000 | 3.4% |
10/17/24
Oct 17, 2024
|
NORTHSTAR | $822,000 | -5.8% | |
8/19/24
Aug 19, 2024
|
NORTHSTAR | $873,000 |