Estimated payment $5,803/month
Highlights
- Lake Front
- No HOA
- Property is near a preserve or public land
- Shirley Hills Primary School Rated A
About This Lot
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.
Property Details
Property Type
- Land
Est. Annual Taxes
- $11,985
Year Built
- Built in 1930
Parking
- 2 Car Garage
Lot Details
- Lot Dimensions are 80x108x80x100
- Lake Front
- Few Trees
- Finished Lot(s)
Community Details
- No Home Owners Association
- Devon Subdivision
- Property is near a preserve or public land
Listing and Financial Details
- Assessor Parcel Number 2511724110041
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $11,985 | $983,000 | $963,000 | $20,000 |
| 2023 | $13,316 | $1,135,300 | $1,120,300 | $15,000 |
| 2022 | $8,523 | $981,000 | $966,000 | $15,000 |
| 2021 | $8,453 | $685,000 | $670,000 | $15,000 |
| 2020 | $7,074 | $678,000 | $663,000 | $15,000 |
| 2019 | $6,052 | $548,000 | $533,000 | $15,000 |
| 2018 | $5,801 | $472,000 | $457,000 | $15,000 |
| 2017 | $5,651 | $409,000 | $393,000 | $16,000 |
| 2016 | $5,608 | $391,000 | $378,000 | $13,000 |
| 2015 | $5,656 | $391,000 | $378,000 | $13,000 |
| 2014 | -- | $383,000 | $370,000 | $13,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/06/2026 03/06/26 | For Sale | $899,000 | +17.9% | -- | |
| 02/13/2026 02/13/26 | Sold | $762,500 | -4.7% | $843 / Sq Ft | View Prior Sale |
| 10/17/2025 10/17/25 | Pending | -- | -- | -- | |
| 10/17/2025 10/17/25 | For Sale | $799,900 | -2.7% | $884 / Sq Ft | |
| 10/17/2024 10/17/24 | Sold | $822,000 | -5.8% | $908 / Sq Ft | View Prior Sale |
| 08/19/2024 08/19/24 | Pending | -- | -- | -- | |
| 08/15/2024 08/15/24 | Price Changed | $873,000 | -2.7% | $965 / Sq Ft | |
| 05/29/2024 05/29/24 | Price Changed | $897,000 | -5.3% | $991 / Sq Ft | |
| 04/19/2024 04/19/24 | For Sale | $947,000 | -- | $1,046 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $762,500 | West Title | |
| Warranty Deed | $832,000 | West Title | |
| Deed | $922,069 | -- | |
| Warranty Deed | $922,067 | Executive Associates Title | |
| Warranty Deed | $162,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $650,000 | New Conventional |
Source: NorthstarMLS
MLS Number: 7032003
APN: 25-117-24-11-0041
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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Ask me questions while you tour the home.