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$899,000 Just Listed

  • For Sale
  • Active
  • Lots/Land
  • 0.18 Acres
  • Updated 13 hours ago
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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.

Full Property Details for 4877 Island View Dr

General

  • Price: $899,000
  • Taxes: $11,985 (2025)
  • Status: Active
  • Type: Lots/Land
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7032003
  • Updated: 3/6/2026
  • Added to Site: 1 day(s) ago

Parking

  • Garage: Yes
  • Garage Spaces: 2

Location

  • County: Hennepin
  • Township: Mound
  • Subdivision: Devon
  • Driving 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.

School Information

  • School District: 1250 - Westonka
  • High School District: Westonka

Utilities

  • Utility Description: Electricity Available, Natural Gas Available, Sewer Available, Sewer Connected, Water Available, Water Connected

Structural Information

  • Year Built: 1930

Lot Features

  • Lot Size (Acres): 0.18
  • Lot Dimensions: 80 x 108 x 80 x 100
  • Development Status: Finished Lot(s)
  • Zoning: Residential-Single Family
  • Lot Description: Property Adjoins Public Land, Medium Tree Coverage

Water Features

  • Water Front Desc.: Lakefront
  • Lake Front: Yes

Financial Considerations

  • Tax Amount: $11,985
  • Tax Year: 2025
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: BLOCK 014 DEVON LOTS 10 AND 11
  • CC&Rs: Yes
  • Restrictions: Open
  • Inclusions: For Sale Sign
  • Property ID: 2511724110041

Listed by RE/MAX HomeMasters

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— 4877 Island View Dr —

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 4877 Island View Dr

School District:Westonka Public School District
NameGradesDistance
Shirley Hills Primary School
2450 Wilshire Boulevard, Mound, MN 55364
PK-41.1 mi
Grandview Middle School
1881 Commerce Boulevard, Mound, MN 55364
5-72 mi
Mound-Westonka High School
5905 Sunnyfield Road East, Minnetrista, MN 55364
8-122.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4877 Island View Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/06/2026
Listed
$899,000
8.05%
MLS
1/03/2025
Sold
$832,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4877 Island View Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,985
-10%
$983,000
-13%
2023
$13,316
24%
$1,135,300
16%
2023
$10,723
—
$981,000
43%
2023
$10,723
52%
$685,000
25%
2020
$7,074
17%
$548,000
16%
2019
$6,052
4%
$472,000
10%
2018
$5,801
3%
$428,000
5%
2017
$5,651
1%
$409,000
5%
2016
$5,608
-1%
$391,000
—
2015
$5,656
-3%
$391,000
3%
2014
$5,843
-2%
$380,230
-4%
2013
$5,977
—
$395,490
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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4877 Island View Drive, Mound, MN 55364 (MLS# 7032003) is a Lots/Land property with a lot size of 0.18 acres. 4877 Island View Drive is currently listed for $899,000 and was received on March 06, 2026. Want to learn more about 4877 Island View Drive? Do you have questions about finding other Lots/Land real estate for sale in Mound? You can browse all Mound real estate or contact a Coldwell Banker agent to request more information.

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