51XX Waterbury RoadMound, MN 55364
$1.199 million
4 bedrooms · 4 bathrooms · 3,810 finished sq ft
About this home
BEST LOTS AVAILABLE AROUND LAKE MINNETONKA! BEAUTIFUL CUSTOM ONE-LEVEL LIVING WALK-OUT RAMBLER SET ON A RARE AND PRIVATE ¾ ACRE WOODED BUILDING SITE WITH PANORAMIC VIEWS OF WATER, WOODS, AND NATURAL BEAUTY! IT INCLUDES LONG VIEWS OF PHELPS BAY OF LAKE MINNETONKA. The property feels like acreage as it sits up high out on a peninsula at the end of a no outlet road. A fantastic opportunity to build a custom home on an amazing property! THE SITE FEATURES 160 FEET OF SHORELINE ON A LARGE SCENIC POND WITH A PERMITTED DOCK AND LIMITED DIRECT ACCESS TO LAKE MINNETONKA VIA A 13 FT WIDE CHANNEL- all without lake shore taxes! The pond is not deep but could accommodate smaller craft such as a pontoon, shallow bow outboards, bass boats, kayaks, or canoes. The peaceful and natural setting offers a nice mix of both water and woods surrounded by mature maple and oak trees which assures lush privacy in the summer, blazing colors in the fall and serene winter landscapes. Trim back some trees for unobstructed water views and amazing sunrises over the pond from your new home! The pond is an active Eco System with fish, turtles, beavers, ducks & geese and other birds as well as deer right outside your windows. Ask about our bold WATER & WOODS plan, with a base price of $1.4M. Presenting our BIRCHWOOD open concept rambler design which is fully customizable and takes full advantage of this truly special and scenic building site. See attached photos of a similar home we built and the beautiful building site! The interior features the beauty of nature, timeless craftsmanship w/the perfect balance of enameled and natural woodwork, tile, and stone! Custom cabinetry & mill work, wide plank floors with quality finishes throughout. Main level living features high ceilings and walls of windows with amazing views. Convenient office with barn door, wainscoting walls & built-in shelves; light filled great room with beam ceiling, large windows, and stone FP with built-ins. Centerpiece gourmet kitchen features everything expected with large center island, granite, and SS appliances and includes a desirable prep pantry. Inviting sun room has vaulted ceiling with beams, lots of windows for views of the woods and water, including a stone FP that opens to a large deck for outdoor living space. Luxurious primary suite with private views features spa-like bath with ceramic tile, heated floor, walk-in shower, freestanding tub, separate vanities and his and her closets with laundry. The LL is designed for health, relaxation, and entertainment. Large family room with FP, room for big screen TV, pool table area, full wet bar, two additional bedrooms and two baths and a flex/exercise room which leads to an opt. patio/hot tub area to enjoy. Mechanical room with storage completes the lower level; 3 car garage & landscape package. Truly a high quality, custom home! If the BIRCHWOOD plan does not meet your needs, select one of our other beautiful, well-designed home plans from traditional to cottage style or contemporary that can be customized or we can partner with you to design your dream home that fits perfectly to your wants, lifestyle and budget! Collaborate with our designer to select the finishes and colors to make this home truly yours! Experience the quality and expertise of building with Custom Living Homes LLC with over 40 yrs of experience in custom home building. Close to lakes & parks and shopping. Convenient to Excelsior and Wayzata. Award winning Westonka Schools! The building site is ready for permitting and all utilities are in. Make an appointment with the builder now to walk the lots to see the beautiful views, secure the building site and do design and budget work for starting construction! Contact the builder for further details. The existing home next door at 5123 Waterbury Rd. to be removed. Please do not walk the property without the Please use turn around area next to the info box. Thank you!
Home facts
- Home type
- Single-family home
- Style
- Single Family Residence
- Year built
- 2026
- Bedrooms
- 4
- Bathrooms
- 4
- Finished sq ft
- 3,810
- Garage
- 3 stalls
- Basement
- Walk-Out Access, Finished, Full, Concrete, Storage Space, Sump Pump
- Heating
- Natural Gas, Forced Air, Other
- Cooling
- Ceiling Fan(s), Central Air
- Property taxes
- $2,171 a year
- Listed
- February 12, 2026
- MLS number
- 7020504
Listing courtesy of Home Avenue Flat Fee Realty (Gregory W Lawrence). MLS #7020504.
© 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Keller Williams Preferred Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Keller Williams Preferred Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Keller Williams Preferred Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
Keller Williams Preferred Realty participates in Regional MLS’s Broker Reciprocity℠ program, allowing us to display other brokers’ listings on our site. However, Keller Williams Preferred Realty displays only listings located in the Minnesota communities covered on this website. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available. Listing data last updated November 3, 2026 at 10:01 PM (Central). Use of listing data is subject to the license agreement. Open House information is subject to change without warning.
How it compares
51XX Waterbury Road, Mound, MN 55364 is a newly built 4-bedroom single-family home on Lake Minnetonka, listed for $1.199 million on February 12, 2026 by Home Avenue Flat Fee Realty. That is in the upper quarter of the 31 single-family homes for sale in Mound right now (median $449,900; $315 per square foot here against $236 for the group). That works out to $315 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Mound community guideSchools, commutes, parks, home values and local stories.
- Lake MinnetonkaLake facts from the Minnesota DNR, access and every lakefront home for sale.
- Mound housing market, September 2026Homes sold for a median $416,400 over 12 months (+4.8%), 69 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
Compare
Similar homes for sale in Mound
$1,300,0002630 Commerce Boulevard, Mound, MN 55364MLS #7163561
Listing courtesy of LPT Realty, LLC
$1,349,9992308 Driftwood Lane, Mound, MN 55364MLS #7131024
Listing courtesy of Excelsior Realty
$1,395,00051XX Waterbury Road, Mound, MN 55364MLS #7168034
Listing courtesy of Home Avenue Flat Fee Realty
$975,0002149 Cardinal Lane, Mound, MN 55364MLS #7123148
Listing courtesy of RE/MAX Results
$950,0004626 Kildare Road, Mound, MN 55364MLS #7155251
Listing courtesy of Edina Realty, Inc.
$899,9003149 Inverness Lane Ln, Mound, MN 55364MLS #7116704
Listing courtesy of Edina Realty, Inc.
