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Pending
$1,075,000
/mo Edit
Lot/Land:  Lot/Land
0.3 acres
Minnetonka schools
MLS# 6456071
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    Property Description

    Build your Lake Minnetonka dream home here! Premier location with direct lakeshore on one of the most easterly bays of Lake Minnetonka - Libbs Lake, off of Gray's Bay. Sought after & coveted Libbs Lake neighborhood. Rare to be in Minnetonka Schools AND on Lake Minnetonka. Long driveway provides an amazingly serene and private setting! Flat yard out to the water, perfect for playing games and having a bonfire! So much summer and winter fun to be had! Appreciate leaving your dock in year-round. Properties like this rarely become available. Longtime owner of 50+ years. Condition of home assumes it will be torn down, value is in the land. Steps to multiple parks including Libbs Lake Park with sandy swimming beach, and Gro Tonka Park with ball fields, tennis courts, and playground. The Gray's Bay marina, dam, and Headwaters Boardwalk nearby too! Convenient to downtown Minneapolis and downtown Wayzata. Groveland Elementary and MME. Live the Lake Life here, and schedule your tour today!

    Listing

    Contingency: None
    City: Minnetonka
    County: Hennepin
    State: MN
    Property Style: Lot/Land
    Zip Code: 55391
    Subdivision Name: Thorpe Bros Rgt Groveland Shores

    Exterior

    Road Frontage: City Street

    Lake & Waterfront

    Waterfront Present: Y
    Waterfront Name: Minnetonka
    Waterfront View: Bay
    DNR Lake ID#: 27013300
    Lake Chain Name: N
    Lake Acres: 14205
    Lake Depth: 113
    Waterfront:
    • Dock
    • Lake Front
    • Lake View

    Lot & Land

    Acres: 0.3
    Geolocation: 44.94725200, -93.49065700
    Inclusions: Boat Slip, Dock
    Lot Dimensions: See survey in supplements
    Restrictions: None
    Zoning: Residential-Single Family

    Farm

    Topography: Level

    Schools

    School District: 276
    District Phone: 952-401-5000

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $12,802
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $12,802
    Association Fee Required: No
    Association Fee: None

    Miscellaneous

    Development Status: Finished Lot(s)
    Improvements: Curbs, Paved Streets, Public Road
    Available Utilities:
    • Cable Available
    • Electricity Available
    • Electricity Connected
    • Natural Gas Available
    • Natural Gas Connected
    • Sewer Connected
    • Underground Utilities Available

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of Keller Williams Premier Realty Lake Minnetonka.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.