51XX Waterbury RoadMound, MN 55364
$359,900
About this home
BEST LOTS AVAILABLE AROUND LAKE MINNETONKA! AMAZING 3/4 ACRE WOODED WALK-OUT LOT WITH BREATH-TAKING VIEWS OF LAKE MINNETONKA! Beautiful one of a kind, private building site with panoramic views of a large pond, nature area and Phelps Bay of Lake Minnetonka. (One of two walk-out building sites available) This hidden gem is one of the last large undeveloped parcels left around the lake! Home packages on this lot starting at $1. 3M. The property feels like acreage as it sits high out on a peninsula at the end of a private no outlet road. THE PROPERTY INCLUDES 160 FT OF SHORELINE ON THE LARGE POND, WITH A PERMITTED DOCK AND LIMITED DIRECT ACCESS TO LAKE MINNETONKA THROUGH A 13 FT WIDE CHANNEL. The pond is not deep but could accommodate kayaks & canoes during the summer as well as ice skating and pond hockey in the winter. All of this right at your doorstep, without lake shore taxes! A rare opportunity to build either a glorified cabin or a large custom home with incredible private water views to the east, for sunrises and woods and nature area to the south and lots of wildlife! The pond is an active Eco System with fish, turtles, beavers, ducks & geese and many other birds as well as deer! All right outside your windows. Ask about our bold WATER & WOODS plan with a base price of $1.5M. Experience the quality and expertise of building with Custom Living Homes, LLC with over 40 yrs of experience in custom home building with the latest in design trends and technology and with the highest quality craftsmanship and attention to details from start to finish! Ask the builder about new w/o Crow River lots available for $195k as well. Why settle for outdated design and decor with needed projects when you can have a new custom built home! Select one of our beautiful, well designed home plans, from traditional to modem or contemporary (some with a sport court) that can be customized or we can partner with you to design your dream home that fits perfectly to your wants, life style and budget. The building site is a blank canvas with endless possibilities! The elevated building site can easily accommodate a two story or rambler house plan with a three car garage. As an example, our BIRCHWOOD open concept rambler design offers one level living with all the desired amenities and finishes. With the finished walk-out lower level it provides a total of 3,671sf of quality, design and function. The Birchwood house plan on this lot, has a base price of $1.4M. Ask the builder about building incentives when building with CLH, LLC. Close to Excelsior and Wayzata, bike trails, parks and shopping along with the award-winning Westonka Schools makes this an ideal location to call home! Make an appointment with the builder now to walk the lots and see the building site. The builder will explain the building process and the different home style options etc., and answer any of your questions, so bring your ideas to get started. The building sites are ready for permitting and all utilities are available. Please do not walk the property without the builder or turn around in the neighbor's driveways. Please use the turn-around area next to the info. box. Thank you!
Home facts
- Home type
- Land and lot
- Style
- Other
- Property taxes
- $2,171 a year
- Listed
- March 27, 2026
- MLS number
- 7044365
Listing courtesy of Home Avenue Flat Fee Realty (Gregory W Lawrence). MLS #7044365.
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How it compares
51XX Waterbury Road, Mound, MN 55364 is a lot on Lake Minnetonka, listed for $359,900 on March 27, 2026 by Home Avenue Flat Fee Realty. That is in the upper quarter of the 6 land and lots for sale in Mound right now (median $187,450).
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.
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