Devon
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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.
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Home facts
Facts & features
Interior
- Bedrooms
- 2
- Bathrooms
- 1
- Bath breakdown
- 1 full
- Heating
- Forced Air
- Cooling
- Central Air
- Basement
- Full, Walkout · 297 sqft finished
Property
- Levels / stories
- One
- Garage
- 2 spaces · 400 sqft
- Parking features
- Detached Garage
- Lot size
- 0.18 acres
- Lot dimensions
- 79x100
- Accessibility
- None
Construction
- Property type
- Residential
- Property subtype
- Single Family Residence
- Foundation
- 608 sqft
- Year built
- 1930
Utilities
- Water
- City Water/Connected
- Sewer
- City Sewer/Connected
- Fuel
- Natural Gas
Community & HOA
- Subdivision
- Devon
- HOA
- No HOA
- School district
- Westonka
Financial & listing details
- Annual tax
- $11,985 (2025)
- Listed
- Oct 17, 2025
- Days on market
- 346 · 84 cumulative
- Manufactured home
- Yes
Interior details
Exterior & lot
Utilities
Parking & garage
Financial details
Schools
How SODL buyer credits work
When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.
- Tour homes with SODL’s flexible showing network
- Submit offers and manage your transaction through the platform
- Keep more money at closing through transparent flat-fee pricing
A clear, modern way to buy with expert guidance and meaningful savings.
Estimated monthly payment
These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.
Location
4877 Island View Drive, Mound, MN, 55364
Listing information
Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.
