$1,950,000
$350K PRICE DROP

2948 Pelican Point Cir Mound, MN 55364

Estimated payment $13,531/month

Total Views 5,713
3 Beds
2.5 Baths
3,357 Sq Ft
$581 Price per Sq Ft

Highlights

  • Lake Front
  • Dock Facilities
  • Family Room with Fireplace
  • Shirley Hills Primary School Rated A
  • Beach
  • The kitchen features windows

About This Home

Welcome to Pelican Point, where luxury lake living feels like a year-round retreat. Perfectly positioned on Spring Park Bay of Lake Minnetonka, this beautifully maintained townhome offers an exceptional blend of comfort, style, and effortless living in one of the area’s most sought-after communities.
Designed for easy main-level living, the light-filled interior features soaring vaulted ceilings, expansive walls of windows, and sweeping southern views across the water. The spacious open floor plan is ideal for both everyday living and entertaining, centered around a stunning island kitchen with informal dining space, beautiful finishes, and timeless design.
The main-level primary suite is a true sanctuary with serene lake views and a generous ensuite bath. A library and convenient laundry room complete the main floor. The walkout lower level offers the perfect gathering space with a large family room, cozy fireplace, wet bar, and direct access to the lakeside patio with water feature. Two additional bedrooms are great for guests or family. Enjoy maintenance-free living with exceptional shared amenities including a boathouse, picnic area, golf cart paths, beautifully manicured grounds, and optional social activities that create a welcoming neighborhood atmosphere. A highly coveted canopied boat slip is available through the association for an annual fee, making it easy to enjoy boating and the Lake Minnetonka lifestyle at a moment’s notice.

Listing Agent

Kathleen Murphy

Compass Listed on: 05/27/2026

Compass

Co-Listing Agent

Melissa Olmscheid

Compass

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $23,048

Year Built

  • Built in 1996

Lot Details

  • Lake Front
  • Few Trees

HOA Fees

  • $1,077 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Insulated Garage
  • Garage Door Opener

Home Design

  • Poured Concrete
  • Pitched Roof
  • Cement Board or Planked

Interior Spaces

  • 1-Story Property
  • Gas Fireplace
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Lake Views

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer
  • Sink Near Laundry

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Outdoor Features

  • Dock Facilities
  • Shared Waterfront
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Water Filtration System
  • Gas Water Heater
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 1911723420035

Community Details

Overview

  • Association fees include beach access, building exterior, hazard insurance, lawn care, ground maintenance, professional mgmt, shared amenities, snow removal
  • Multiventure Properties Association, Phone Number (952) 920-9388
  • Pelican Point Subdivision

Recreation

  • Beach

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$23,048

Year Built

Built in 1996

Lot Details

6,534 Sq Ft Lot

HOA Fees

$1,077 per month

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: (TH) Side x Side
  • Cooling System: Central Air
  • Outside Features: Cement Board
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 2
  • Water Source: City Water/Connected
  • Association Amenities: Beach, Dock, Other
  • Fee Frequency: Quarterly
  • Year Built: 1996
  • Above Grade Finished Sq Ft: 1976
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • NST_SingleFamilyTownhouseType: Single-Level
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Basement: Daylight/Lookout Windows, Finished, Full, Walkout
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Water Filtration System, Microwave, Range, Refrigerator, Wall Oven, Washer, Water Softener Owned
  • Fireplace Features: Family Room, Gas, Living Room
  • Living Area: 3357
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 1381
  • Basement YN: Yes
  • Shared Rooms: Other

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Roof: Age Over 8 Years, Asphalt, Pitched
  • PoolFeatures: None
  • View: Panoramic
  • Foundation Details: Poured Concrete
  • PatioPorchType: Composite Decking, Patio

Garage/Parking

  • Parking Features: Attached Garage, Covered, Asphalt, Finished Garage, Garage Door Opener, Insulated Garage

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • LaundryFeatures: Electric Dryer Hookup, Laundry Closet, Laundry Room, Main Level, Sink, Washer Hookup
  • Electric: Circuit Breakers
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Beach Access, Building Exterior, Hazard Insurance, Lawn Care, Maintenance Grounds, Professional Mgmt, Shared Amenities, Snow Removal
  • Phone: 9529209388
  • Association Fee: 3232.25
  • Association: Yes
  • Amenities Unit: Deck, Hardwood Floors, Kitchen Center Island, Kitchen Window, Primary Bedroom Walk-In Closet, Main Floor Primary Bedroom, Patio, Panoramic View, Security System, In-Ground Sprinkler, Tile Floors, Vaulted Ceiling(s), Washer/Dryer Hookup, Wet Bar

Association/Amenities

  • HOA Management Co: Multiventure Properties

Schools

  • Junior High Dist: Westonka
  • SchoolDistrictPhone: 9524918001

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: Yes
  • Lot Size: W42X131X59X126
  • Land Lease: No
  • Lot Features: Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Tax Info

  • Tax Year: 2026
  • Assessor Parcel Number: 1911723420035
  • Tax Annual Amount: 23048
  • TaxWithAssessments: 23048

Multi Family

  • WaterfrontFeatures: Association Access, Lake Front, Lake View, Shared

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $23,048 $1,763,400 $1,240,000 $523,400
2024 $22,021 $1,729,400 $1,240,000 $489,400
2023 $17,798 $1,486,600 $991,000 $495,600
2022 $16,099 $1,404,000 $927,000 $477,000
2021 $14,183 $1,213,000 $802,000 $411,000
2020 $14,481 $1,076,000 $678,000 $398,000
2019 $11,544 $1,027,000 $650,000 $377,000
2018 $11,565 $827,000 $439,000 $388,000
2017 $11,523 $773,000 $405,000 $368,000
2016 $10,933 $714,000 $390,000 $324,000
2015 $11,024 $714,000 $390,000 $324,000
2014 -- $657,000 $350,000 $307,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/06/2026 07/06/26 Price Changed $1,950,000 -7.1% $581 / Sq Ft
06/16/2026 06/16/26 Price Changed $2,100,000 -8.7% $626 / Sq Ft
05/30/2026 05/30/26 For Sale $2,300,000 -- $685 / Sq Ft
Source: NorthstarMLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Quit Claim Deed $500 None Listed On Document
Interfamily Deed Transfer -- None Available
Warranty Deed $574,799 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Closed $252,800 Adjustable Rate Mortgage/ARM
Source: Public Records

Source: NorthstarMLS

MLS Number: 7033174

NorthstarMLS

APN: 19-117-23-42-0035

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