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About this home
Build your dream home on a rare, PRIVATE ¾-ACRE WOODED SITE with panoramic water and woods views, including long views of Phelps Bay on LAKE MINNETONKA. Set high on a peninsula at the end of a no-outlet road, this property offers an acreage feel with mature maple and oak trees, seasonal color, beautiful sunrises and abundant wildlife. Enjoy 160 feet of shoreline on a scenic pond with a permitted dock and limited Lake Minnetonka access through a small channel. The shallow pond accommodates small craft such as kayaks and canoes. Introducing THE LAKEVIEW DESIGN, a bold, modern, open-concept walk-out rambler with customizable main-level living designed to capture this exceptional setting. A home featuring this design is under construction in Hanover on the Crow River; schedule a builder appointment to preview it. See attached construction photos. Home packages there start at $980k. Inside, timeless craftsmanship blends enameled and natural woodwork, tile, stone, custom cabinetry and millwork, wide-plank floors and quality finishes. High ceilings, soaring vaults and walls of windows frame the views. An office or guest bedroom with a 3/4 bath sits near the entry. The light-filled great room features a wood-and-beam ceiling, trapezoid windows and a stone fireplace with built-ins. The gourmet kitchen offers a large center island, granite countertops, SS appliances and a walk-in pantry. The dining area opens to a deck with stairs to the lower-level patio. The vaulted primary suite offers private views and a spa-like bath with tile, a heated floor, walk-in shower, 6FT jetted tub and dual vanity. A spacious walk-in closet connects to a walk-through laundry room. The LL features 9-foot ceilings, a recreation room with fireplace, big-screen TV wall, pool and game table areas, full wet bar and patio access. Two additional bedrooms, a ¾ bath with sauna, a connecting flex/exercise room, mechanical room and separate storage complete the lower level. A landscape package is included. Prefer another style? Choose our traditional Birchwood Design with similar SF and price point (see attached photos), a cottage or contemporary plan, or partner with us on a custom design suited to your lifestyle and budget. Work with our designer to personalize finishes and colors. Custom Living Homes LLC brings over 40 years of custom home-building experience. Convenient to Excelsior, Wayzata, lakes, parks and shopping, the site is in the award-winning Westonka School District, with all utilities available. Schedule a builder appointment to walk the lot, enjoy the views and finalize your design and budget. Final home-package pricing depends on the design and options selected. Please note: Contact the builder for details. The existing home next door at 5123 Waterbury Rd. is to be removed. Do not walk the property without the builder present or turn around in neighbors’ driveways. Use the designated turn-around area. Thank you!
Single-familyProperty Type
2026Year Built
0.76 acresLot Size
$392Price/Sq.Ft.
3 car garageParking
Listed by Gregory Lawrence• Home Avenue Flat Fee Realty
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!
NORTHSTARMLS as Distributed by MLS Grid #7020504
Nov 3, 2026
Listing Removed
—
Mar 4, 2026
Price Changed
$1,199,000
$337/sq ft
Feb 12, 2026
Listed
$1,169,000
$328/sq ft
NORTHSTARMLS as Distributed by MLS Grid #6772218
Feb 12, 2026
Listing Removed
—
Oct 9, 2025
Price Changed
$1,149,500
$323/sq ft
Oct 9, 2025
Price Changed
$1,174,900
$330/sq ft
Sep 24, 2025
Price Changed
$1,595,000
$448/sq ft
Aug 26, 2025
Listed
$1,645,000
$462/sq ft
NORTHSTARMLS as Distributed by MLS Grid #6658925
Feb 8, 2026
Listing Removed
—
Oct 28, 2025
Price Changed
$399,900
$112/sq ft
Oct 9, 2025
Price Changed
$425,000
$119/sq ft
Sep 24, 2025
Price Changed
$445,000
$125/sq ft
Sep 9, 2025
Price Changed
$475,000
$133/sq ft
Aug 7, 2025
Price Changed
$495,000
$139/sq ft
Feb 7, 2025
Listed
$595,000
$167/sq ft
NORTHSTARMLS as Distributed by MLS Grid #6697919
Jul 5, 2025
Listing Removed
—
Apr 4, 2025
Listed
$1,695,000
$476/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
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Baths
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Stories
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Lot width
120 ft.
Lot depth
80 ft.
Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Vacant Land
County
Hennepin County
APN
TBD
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Nov 3, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 98° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Mound, MN • 55364
Average low and high temperatures (°F)
22
6
29
13
47
28
56
38
69
50
77
61
85
67
79
64
75
58
62
47
44
32
28
14
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
82/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.2 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 51XX Waterbury Rd
$1,396,342
$1,342 over list price of $1.40M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $803K to $2.1M.