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$850,000 Just Listed

  • For Sale
  • Active
  • Townhouse
  • 3 Beds
  • 1 Full Bath
  • 3 Partial Baths
  • 2,266 Sq. Ft.
  • 2 Car Garage
  • Updated 3 hours ago

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Open House: 12:00 PM - 2:00 PM

Saturday 10/3 12:00 PM - 2:00 PM

5490 Lost Lake Lane,Mound, MN 55364

5490 Lost Lake LaneMoundMN55364

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Enjoy the convenience of easy living with this gorgeous Villas on Lost Lake corner townhouse while also being gifted with a 30-foot dock slip on Lake Minnetonka! The generously sized living room offers ample space for seating while enjoying a stone surround gas fireplace and walkout access to your private deck with views of the charming neighborhood pool. The bright and sunny open kitchen includes granite countertops, a high-top breakfast bar seating area, a wall of windows, stainless steel appliances, a corner informal dining room with new custom built-in shelving, and one of the more impressive main level powder rooms you'll see! The oversized upper-level primary suite has a walk-in closet, a small corner nook you can use for lounging or office space, a separate tub and shower in primary bathroom and double sinks. A 2nd upper-level bedroom with full bathroom compliments the upper level. The lower level includes a 3rd non-conforming bedroom that can also be used as an office or den, which includes walkout access to the back patio and has a private powder room. Additional features include a sought-after elevator that travels to all three levels, an upper-level laundry room, new HVAC system and water heater installed in July of 2026. The community pool is very well maintained and includes a BBQ grille area, seating, private restroom and a hot tub. Close access to Downtown Mound, Dakota Trail, lake accessibility and easy walkability to Caribou Coffee and Speedway.

Full Property Details for 5490 Lost Lake Ln

General

  • Price: $850,000
  • HOA FEE: $704/month
  • Taxes: $9,181 (2026)
  • Status: Active
  • Type: Townhouse
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7116654
  • Updated: Today (9/28/2026)
  • Added to Site: Today

Interior

  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Gas, Living Room, Stone
  • Appliances: Air-To-Air Exchanger, Dishwasher, Disposal, Dryer, Exhaust Fan, Humidifier, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned, Wine Cooler

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 1
  • 3/4 Bathrooms: 1
  • Half Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Eat-in kitchen: Yes
  • Dining Room: Breakfast Bar, Breakfast Area, Eat-In Kitchen, Informal Dining Room, Living/Dining Room
  • Formal Dining Room: Breakfast Bar, Breakfast Area, Eat In Kitchen, Informal Dining Room, Living/Dining Room
  • Laundry: In Hall, Laundry Closet, Upper Level, In Hall, Laundry Closet, Upper Level

Additional Information

  • Amenities: Ceiling Fan(s), Deck, Dock, Hardwood Floors, Kitchen Center Island, Kitchen Window, Primary Bedroom Walk-In Closet, Patio, Boat Slip, Tile Floors, Walk-In Closet
  • Shared Amenities: Dock, Hot Tub
  • Shared Pool: Yes
  • Pool: Yes
  • Pool Description: Below-Ground, Heated, Outdoor, Shared

Exterior

  • Porch/Patio/Deck: Deck, Patio

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Description: 20 x 19
  • Garage Spaces: 2
  • Parking Features: Attached Garage, Asphalt, Garage Door Opener, Insulated Garage

Location

  • County: Hennepin
  • Township: Mound
  • Subdivision: Villas On Lost Lake
  • Driving Directions: 394W turns into County Road 15W (Shoreline Drive), turn left on Lost Lake Court, then the first right onto Lost Lake Lane, to the back corner unit right by the pool.

School Information

  • School District: 277 - Westonka
  • High School District: Westonka

Community

  • Association: Yes
  • Assoc. Name: Sharper Management
  • Assoc. Fees Include: Lawn Care, Maintenance Grounds, Professional Management, Recreation Facility, Sanitation, Shared Amenities, Snow Removal

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Foundation Size: 882
  • Roof: Age Over 8 Years, Asphalt
  • Disability Access: Accessible Elevator Installed
  • Square Feet: 2,266
  • Above Ground: 2,646 Sq. Ft.
  • Finished Down/Base.: 2,646 Sq. Ft.
  • Year Built: 2006

Additional Structures

  • Other Structures: Hot Tub

Lot Features

  • Lot Size (Acres): 0.03
  • Lot Dimensions: NW 21 x 66
  • Frontage: City Street
  • Zoning: Residential-Single Family
  • Lot Description: Public Transit (w/in 6 blks), Corner Lot, Light Tree Coverage

Water Features

  • Water Front Desc.: Dock

Financial Considerations

  • Association Fee: $704
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $9,181
  • Tax Year: 2026
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: LOT 001 BLOCK 002 VILLAS ON LOST LAKE
  • Property ID: 1311724330106
Buyer's Brokerage Compensation: 2.7%
Not binding unless confirmed by separate agreement among applicable parties.

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Schools serving 5490 Lost Lake Ln

School District:Westonka Public School District
NameGradesDistance
Shirley Hills Primary School
2450 Wilshire Boulevard, Mound, MN 55364
PK-40.3 mi
Grandview Middle School
1881 Commerce Boulevard, Mound, MN 55364
5-70.6 mi
Mound-Westonka High School
5905 Sunnyfield Road East, Minnetrista, MN 55364
8-121.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5490 Lost Lake Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/28/2026
Listed
$850,000
6.25%
MLS
6/01/2023
Sold
$800,000
—
Public Record
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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 5490 Lost Lake Ln

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,181
7%
$757,800
4%
2025
$8,610
33%
$732,000
22%
2023
$6,459
9%
$597,700
3%
2023
$5,903
—
$581,000
13%
2023
$5,903
—
$516,000
11%
2020
$5,901
2%
$466,000
7%
2019
$5,792
47%
$436,000
53%
2018
$3,930
17%
$285,000
19%
2017
$3,366
-3%
$240,000
1%
2016
$3,474
—
$237,000
1%
2015
$3,466
3%
$235,000
7%
2014
$3,379
-19%
$220,000
-21%
2013
$4,185
—
$277,000
—
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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    Sq. Ft.
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Sold by Bridge Realty, LLC

5490 Lost Lake Lane, Mound, MN 55364 (MLS# 7116654) is a Townhouse property with 3 bedrooms, 1 full bathroom and 3 partial bathrooms. 5490 Lost Lake Lane is currently listed for $850,000 and was received on September 28, 2026. This property is listed by Jacob Stickney from our Wayzata Office.Want to learn more about 5490 Lost Lake Lane? Do you have questions about finding other Townhouse 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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