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Lake Minnetonka Area Wooded Lot
For Sale
$399,900

51XX Waterbury Road, Mound, MN 55364

Land, Mound, MN

Property SizeContact for details
Lot Size0.76 Acres
Days on Market147

Property Features for 51XX Waterbury Road

General Information

Property type Land
Property subtype Other
Zoning description Lot, Residential-Single Family
Lot features Property Adjoins Public Land, Tree Coverage - Heavy, Underground Utilities
High school district Westonka
Directions County Road #15/Shoreline Drive W. to Wilshire Blvd., S. to Tuxedo Blvd., to Waterbury Rd.
Standard status Active
Lot size 0.76 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 2171

Utilities

Utilities Cable Available
Water front features Lake
Water front 1
Listing Agency: Home Avenue Flat Fee Realty
Listed By: Gregory W Lawrence · License #20324479
Added: Mar 27 Changed: Aug 19 Last Checked: Aug 20 at 4:06AM
MLS# 7044365

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 0.7612-acre wooded walk-out lot offers views of Lake Minnetonka. This private building site provides panoramic views of a large pond, nature area, and Phelps Bay. The property includes 160 feet of shoreline on the pond, with a permitted dock and limited direct access to Lake Minnetonka through a 13-foot wide channel. The pond can accommodate shallow watercraft such as pontoons, shallow bow outboards, bass boats, kayaks, canoes, and windsurfing boards during the summer, as well as ice skating and pond hockey in the winter. The location provides water views to the east for sunrises, and woods and a nature area to the south, attracting wildlife. The pond is an active ecosystem with fish, turtles, beavers, ducks, geese, and other birds, as well as deer. The elevated building site can accommodate a two-story or rambler house plan with a three-car garage. The building sites are ready for permitting, and all utilities are in. Located close to Excelsior and Wayzata, bike trails, parks, and shopping, along with Westonka Schools, this location is ideal. The property is located at the end of a private no outlet road in Mound, Hennepin County, Minnesota.

Key Highlights

  • Breathtaking 3/4 acre wooded walk‑out lot with panoramic views of a large pond, nature area and Phelps Bay of Lake Minnetonka.
  • Includes 160 ft of shoreline on a large pond with a permitted dock and limited direct access to Lake Minnetonka.
  • Rare opportunity to build a custom home on one of the last large undeveloped parcels around Lake Minnetonka.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Furniture & Home Goods (Bike/Boat/Book/etc) Store Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

51
Businesses Nearby

Demographics for 55364, MN

15,210
Population
6,740
Households
2.3
Avg Household Size
43
Median Age
50%
College-Educated
98%
High-School Grad
15.2 sq mi
ZIP Area
1,001
Density / Sq Mi
$111,083
Median Household Income
$72,391
Median Earnings
$1,128
Median Rent
$411,200
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Land - Amazing wooded lot near Lake Minnetonka with water access.
Where is this land located?
The property is located at 51XX Waterbury Road Mound, MN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Breathtaking 3/4 acre wooded walk‑out lot with panoramic views of a large pond, nature area and Phelps Bay of Lake Minnetonka.; Includes 160 ft of shoreline on a large pond with a permitted dock and limited direct access to Lake Minnetonka.; Rare opportunity to build a custom home on one of the last large undeveloped parcels around Lake Minnetonka.
More about this property
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