Mound

Mound

Located in Hennepin County

$586,127 Average Value
$302 Average Price per Sq Ft
65 Homes For Sale

Twenty miles west of Minneapolis, you’ll find the magical, magnetic city of Mound, situated on the scenic shores of lovely, lush Lake Minnetonka. “We’re a small-town, close-knit, lake-oriented community that feels secluded and safe while being just 30 minutes away from Minneapolis,” says Mound Mayor Jason Holt. “Everybody is very close, and everywhere you go, people know each other.” Surrounded by lakes, bays, and mature tree growth, the natural scenic beauty of the city cannot be overstated. Outdoor opportunities abound in his flourishing luxury community that promises 637 public dock sites and 32 parks in just over three square miles.

Incorporated as a city in 1912, Mound was named for the pre-historic Indian mounds once found within present city limits. In more modern times, Mound is known eternally as the birthplace of Tonka Toys, a company famous for toy trucks that derived its name from a Dakota tribe word that means “big.” Originally imagined as a gardening tool manufacturer, Mound Metalcraft pivoted and changed its name to Tonka Toys Incorporated in 1955. The company left in 1982 to address additional production needs. “Being the birthplace of Tonka Toys is our claim to fame,” Holt says.

One of the more reasonably priced communities around Lake Minnetonka, the real estate market in Mound is very competitive, so buyers must act quickly on well-priced properties, which tend to fly off the market. “We’re more accessible from a price point than some of the other cities on the lake,” Holt says. “It’s very diverse because you’ve got the expensive estates on the lake, but then there is very affordable housing across the street.” Prices run the gamut in Mound, but the 12-month median price was about $370,000 in October 2023. Most of the listings are in the $300,000 to $600,000 range, but home prices on the water can climb upwards of $2.5 million.

“The town is over 100 years old, so there is some classic architecture, but most of the homes were built in the ‘50s, ‘60s and ‘70s,” Holt says. There is a diversity of housing in Mound, with pockets of condos and town houses that have been developed in recent years. There are even options for empty nesters and seniors looking to age in place. The Mound Harbor senior community co-op, called Artessa locally, is currently under construction for those 62 and older looking for a stylish lakeside home teeming with activities and amenities. “If everything comes together, the co-op will be completed in August 2024,” Holt says.

Families with children are served by the Westonka Public School District, which has an overall grade of A from Niche and is considered one of the districts with the best teachers in Minnesota. “This is an award-winning district with a very small teacher-to-student ratio,” Holt says. “The school district is a big part of what attracts people to our town.” Students can start their education at Shirley Hills Primary School, which gets an A- from Niche. Boasting superior art classes, the school’s ever-changing art gallery displays student masterpieces.

With an A grade from Niche, Grandview Middle School, seventh-grade students learn leadership capacity by serving as mentors to the ascending fifth graders as they transition schools. Often ranked as one of the best public high schools in the country, Mound Westonka High School has premier facilities. Following a $23 million bond referendum in 2016, the Westonka Activity Center and the Westonka Performing Arts Center were added to the campus. For the 2022-23 school year, a total of 41 students from the school earned AP Scholar Awards for their exceptional achievement on the AP exams. “They also have a great football program,” Holt says.

Commerce Boulevard near Langdon Lake is the beating commercial heart of this otherwise residential community. “There was some redevelopment in the mid-2000s, but for a while, it was stagnant,” Holt says. “But it’s come alive again in recent years, and we’re demonstrating that there’s room for growth.”

For stocking up on groceries and essentials, Jubilee Foods is a one-stop shop for fresh produce, prepared foods and friendly service with a smile. “Good people run it, and it’s got everything you need,” Holt says. There are several independent dining destinations in town, including Casa Amigos. “They’re a locally owned group with a few locations, and they have literally the best chips and salsa you can find at any Mexican restaurant anywhere,” Holt says. Simple and humble, Dakota Junction serves eclectic American dishes featuring local ingredients inside the old Mound Depot train building. Surfside Bar and Grill is a popular sports bar hangout with outdoor seating. “The owner is working there every day, and they have really good food,” Holt says.

A nature lover’s dream, a meticulously manicured Mound puts special emphasis on cultivating outdoor amenities for its residents to enjoy year-round. “Surfside Park on Cooks Bay is our standout community park and is where we have our Spirit of the Lake Festival every July,” Holt says. “It’s a three-day festival with food trucks, live bands, a parade and wakesurfing on Lake Minnetonka, and the whole town shows up.” The park’s sandy beach is clean, and the water is clear, making it the perfect place for a summer swim. The waterfront playground at Surfside has a sandy base and is fun for kids of all ages. “In addition to our many established community parks, a new park is soon to be under construction near the site of the senior co-op,” Holt says. “It’s going to be a good amount of that downtown area that will be a public gathering space.”

Jessica Haddad
Written By
Jessica Haddad
Sienna Lee
Photography Contributed By
Sienna Lee

Interested in learning more about homes in this area? Reach out to Dave Thorp, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Mound Housing Trends

Housing Trends

Median List Price
$430,000
Median Sale Price
$422,500
Median Single Family Sale Price
$505,000
Median Townhouse Sale Price
$445,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
232
Median Home Sale Price YoY Change
$11
Average Price Per Sq Ft
$302

Neighborhood Facts

Number of Homes for Sale
65
Months of Supply
3.40

Open Houses

  • Sunday, Jun 15
    11am - 1pm

    1659 Heron Ln, Mound, MN 55364

    $380,000

    • 5 Beds
    • 2 Baths
    • 1,741 Sq Ft
    • 1659 Heron Ln
    • New 10 days ago

    Fabulous Mound Three Points location with easy Lake Minnetonka access, two parks, two boat launches, and neighborhood beach nearby. Home is beautifully updated throughout with open gathering areas flooded with natural light. The living room features large, bayed window with cozy window seat, and gorgeous hard flooring. Stunning kitchen & dining spaces boast attractive cabinetry & built-in wine

    Janet Boschwitz Edina Realty, Inc.

  • Sunday, Jun 15
    1 - 3pm

    1310 Vine Place, Mound, MN 55364

    $2,595,000

    • 4 Beds
    • 5 Baths
    • 4,172 Sq Ft
    • 1310 Vine Place
    • New 11 days ago

    A rare combination on Lake Minnetonka. Enjoy main-level living, panoramic water views, cul-de-sac (privacy), and four garage stalls. Experience exceptional Lake Minnetonka living in this 4-bedroom, 5-bathroom home perfectly positioned on a private .52-acre lot with 113' of shoreline. The main level features a luxurious primary suite, an open floor plan with hardwood floors, Carrara marble

    Jon Arne Coldwell Banker Realty

  • Sunday, Jun 15
    1 - 3pm

    5430 Three Points Blvd Unit 131, Mound, MN 55364

    $445,000

    • 3 Beds
    • 2 Baths
    • 1,293 Sq Ft
    • 5430 Three Points Blvd
    • Unit 131
    • New 23 days ago

    This is the premium top-floor unit in the development with a million dollar view of Jennings Bay on Lake Minnetonka! Unit 131 is a 3 bedroom, 3 bath floor plan. 2 bedrooms were combined to create a large primary suite with sitting area overlooking Jennings Bay! One bath of this home was converted into a new private laundry room just off the primary bath! Entertain guests in the living room and on

    Timothy Landon RE/MAX Advantage Plus

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value



Source: Public Records

Property Mix - Square Feet

Mound Has More Owners

Demographics

Total Population
9,277
Median Age
45
Population under 18
21.2%
On par with the national average
23.8%
Population over 65
21.3%
On par with the national average
19.1%

Finances

Median Household Income
$88,017
Above the national average
$71,702
Average Household Income
$116,613

Education and Workforce

High School Graduates
98.7%
Above the national average
89.1%
College Graduates
43.1%
Above the national average
34.1%
Advanced Degrees
13.5%
% Population in Labor Force
72.8%

Weather

Annual Precipitation
33''
Average Winter Low Temperature
6°F
Average Summer High Temperature
81°F
Annual Snowfall
60''
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Mound