#6630993, Listing office: LPT Realty, LLC
$850,000 List price
4877 Island View Dr Mound, MN 55364
2 beds
1 full
905 sqft
$939 / sqft
House
Property details
About 4877 Island View Dr
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.
Highlights
Home typeSingle Family Residence
HeatingSteam
StatusActive
CoolingWindow Unit(s)
Size905 sqft
BasementYes
Year built1930
ParkingDetached
MLS #6757286
Garage2 spaces
WaterfrontLake Front
Summary
- Full Bathrooms: 1
- Basement: Yes
- Total Bedroom Count: 2
- Garage Space: 2 spaces
- Attached Garage: No
- Parking: Detached
- Waterfront: Lake Front
- Heating: Steam
- Cooling: Window Unit(s)
- List Price: $850,000
- Price/SqFt: $939
- HOA Amount: $0
- Annual Tax Amount: $13,316
- Tax Year: 2023
- Directions: From Tuxedo Blvd, turn onto Clyde and then take a right onto Island View. Follow this several blocks down and the property will be on your left.
- Year Built: 1930
- Living Area: 905 SqFt
- MLS Number: 6757286
- MLS Name: NORTHSTAR
- Office Name: eXp Realty
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Last updated on: 7/20/2025, 12:37:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 18, 2024 | Home Sold | $922,070 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $1,135,300 | $13,316 |
| 2022 | $981,000 | $10,723 |
| 2021 | $685,000 | $8,523 |
| 2020 | $678,000 | $8,453 |
| 2019 | $548,000 | $7,073 |
| 2018 | $472,000 | $6,051 |
| 2017 | $428,000 | $5,801 |
History based on county public records data.
Nearby schools
7
Shirley Hills Primary School
Public District PK-4
1.1 mi
•2450 Wilshire Blvd
9
Minnewashta Elementary
Public District KG-5
2.1 mi
•26350 Smithtown Rd
9
Hilltop Primary School
Public District PK-4
2.6 mi
•5700 Game Farm Rd E
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $58,571. Residents of Mound, MN typically earn between $35k-100k each year. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
26%
<35k
47%
35k-100k
16%
100k-200k
11%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
53%
Single, No Kids
6%
Single, with Kids
27%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
5%
12-17 yrs old
24%
18-34 yrs old
48%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Hiking/backpacking
NBA/WNBA
PGA/LPGA
Where do the neighbors shop?
Nordstrom Rack
New York & Company
Chico's
Where do the neighbors go to eat?
Chipotle
Qdoba
Bonefish Grill
What do the neighbors drive?
Mazda
Infiniti
Cadillac
What do the neighbors listen to?
Rock- Active Rock
Classical
All data provided by Home Junction and Claritas
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Frequently asked questions
About 4877 Island View Dr
The listing price of 4877 Island View Dr property is $850,000.
The property 4877 Island View Dr is a house located in Mound, Minnesota, 55364.
Active Listing: 4877 Island View Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 4877 Island View Dr are: Shirley Hills Primary School (GreatSchools Rating 7/10), Minnewashta Elementary (GreatSchools Rating 9/10), Hilltop Primary School (GreatSchools Rating 9/10), Grandview Middle School (GreatSchools Rating 8/10), Minnetonka Middle School West (GreatSchools Rating 9/10), Orono Middle School (GreatSchools Rating 7/10), Mound Westonka High School (GreatSchools Rating 9/10), Orono High School (GreatSchools Rating 9/10), 112 Area Learning Center Independent Study (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $13,316 (source: MLS/based on county public records data).
The last sale was on October 18, 2024 for $922,070 (source: MLS/tax record).
The property at 4877 Island View Dr has 2 bedrooms and 1 bathroom.
The property 4877 Island View Dr is 905 SqFt (source: MLS/tax record).
The year of construction for 4877 Island View Dr is 1930.
This home is located at 4877 Island View Dr in Mound, MN and zip code 55364 in the Devon neighborhood. This 905 square foot home was built in 1930. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since July 18, 2025 and is currently priced at $850,000.
Mound, MN housing market in June 2025 saw over 8 listings sold above listed price, more than 6 sold at listed price and over 17 sold below. The number of homes for sale in Mound, MN increased by 18.3% between May and June 2025. The median list price of listings available in June 2025 was $470,950, while the average time on the real estate market was 33 days.
From Rocket Homes Real Estate and based on county public records data.