Estimated payment $5,223/month
Highlights
- Lake Front
- Deck
- Eat-In Kitchen
- Shirley Hills Primary School Rated A
- No HOA
- Living Room
About This Home
Located on the highly sought-after "Island" of Lake Minnetonka, this rare lakefront property offers 80 feet of south-facing shoreline on picturesque Phelps Bay. The home is not quite move-in ready and presents a prime opportunity for investors, builders, or homeowners looking to bring their vision to life. Whether you're planning to renovate and resell, remodel and enjoy, or tear down and build new, this property offers endless potential. With the right updates and design, this lakeshore retreat can truly shine. It could serve as a summer getaway, long-term rental, or luxury dream home. The seller is including a full survey, site specifications, architectural renderings, and a proposed layout for a future build. A rare lakeside shed at the water’s edge is also included, providing convenience and added value. This is a blank canvas on one of Lake Minnetonka’s most desirable shorelines—offering flexibility, upside, and the chance to create something truly special.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,985
Year Built
- Built in 1930
Lot Details
- 7,841 Sq Ft Lot
- Lot Dimensions are 79x100
- Lake Front
Parking
- 2 Car Garage
Interior Spaces
- 1-Story Property
- Living Room
- Eat-In Kitchen
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Additional Features
- Deck
- Boiler Heating System
Community Details
- No Home Owners Association
- Devon Subdivision
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 |
|---|---|---|---|---|
| 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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/08/2025 09/08/25 | Price Changed | $799,900 | -3.0% | $884 / Sq Ft |
| 08/04/2025 08/04/25 | Price Changed | $825,000 | -2.9% | $912 / Sq Ft |
| 07/17/2025 07/17/25 | For Sale | $850,000 | +3.4% | $939 / Sq Ft |
| 10/17/2024 10/17/24 | Sold | $822,000 | -5.8% | $908 / Sq Ft |
| 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 | $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 |
|---|---|---|---|
| Open | $650,000 | New Conventional | |
| Previous Owner | $500,000 | Credit Line Revolving | |
| Previous Owner | $228,285 | New Conventional |
Source: NorthstarMLS
MLS Number: 6757286
APN: 25-117-24-11-0041
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