(218) 270-4032
MLS# 7107869 - 5142 Waterbury Road Mound, MN 55364
Baxter Office

15244 State Hwy 371
Baxter, MN 56425
(218) 270-4032
info@lakehome.com

Nisswa Office

4820 County Rd. 77
Nisswa, MN 56468
(218) 270-4032
info@lakehome.com

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Nestled in the sought-after Phelps Island neighborhood in Lake Minnetonka, this beautifully maintained 5-bedroom, 3-bath rambler home offers over 2,500 square feet of thoughtfully designed living space in the highly regarded Westonka School District (ISD 277). The main level is designed for comfortable everyday living and features a spacious primary suite with a private bath, a second bedroom or home office, and a full guest bathroom. Beautiful hardwood floors, wide 32-inch doorways, and a generous kitchen with a center island create an open, welcoming space that is both functional and handicap friendly height. Recent improvements include fresh interior paint, a newer air-conditioning system, a refinished wraparound deck, and an upgraded whole-home water softening and filtration system. The newly installed white vinyl fence provides privacy while framing beautifully landscaped gardens and a spacious brick paver patio—perfect for entertaining, summer barbecues, morning coffee, or relaxing Minnesota evenings. The fully finished lower level features impressive 9-foot ceilings and three garden-view bedrooms that bring in abundant natural light, creating a bright and inviting living space. A large family and recreation room easily accommodates movie nights, game tables, a children’s playroom, home gym, or hobby area. The lower-level bathroom includes a double-sink vanity and an oversized walk-in shower, while a second laundry area adds everyday convenience. Located just minutes from Lake Minnetonka and within walking distance of Al & Alma’s Supper Club, neighborhood parks, trails, and other lake-area amenities, this home offers the perfect combination of comfort, flexibility, and lifestyle. Whether you’re raising a family, welcoming grandchildren and guests, working from home, or simply looking for the ease of one-level living with exceptional finished space below, this home offers warmth, versatility, and the welcoming charm that makes Phelps Island one of the Westonka area’s most desirable neighborhoods.

Keller Williams Premier Realty Lake Minnetonka is the brokerage office representing the owner for this listing.
© Copyright 2026, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Positive Realty | Lake Home Group is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Positive Realty | Lake Home Group, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at 7/31/2026 5:59:00 AM.
Equal Housing Opportunity.

Nestled in the sought-after Phelps Island neighborhood in Lake Minnetonka, this beautifully maintained 5-bedroom, 3-bath rambler home offers over 2,500 square feet of thoughtfully designed living space in the highly regarded Westonka School District (ISD 277). The main level is designed for comfortable everyday living and features a spacious primary suite with a private bath, a second bedroom or home office, and a full guest bathroom. Beautiful hardwood floors, wide 32-inch doorways, and a generous kitchen with a center island create an open, welcoming space that is both functional and handicap friendly height. Recent improvements include fresh interior paint, a newer air-conditioning system, a refinished wraparound deck, and an upgraded whole-home water softening and filtration system. The newly installed white vinyl fence provides privacy while framing beautifully landscaped gardens and a spacious brick paver patio—perfect for entertaining, summer barbecues, morning coffee, or relaxing Minnesota evenings. The fully finished lower level features impressive 9-foot ceilings and three garden-view bedrooms that bring in abundant natural light, creating a bright and inviting living space. A large family and recreation room easily accommodates movie nights, game tables, a children’s playroom, home gym, or hobby area. The lower-level bathroom includes a double-sink vanity and an oversized walk-in shower, while a second laundry area adds everyday convenience. Located just minutes from Lake Minnetonka and within walking distance of Al & Alma’s Supper Club, neighborhood parks, trails, and other lake-area amenities, this home offers the perfect combination of comfort, flexibility, and lifestyle. Whether you’re raising a family, welcoming grandchildren and guests, working from home, or simply looking for the ease of one-level living with exceptional finished space below, this home offers warmth, versatility, and the welcoming charm that makes Phelps Island one of the Westonka area’s most desirable neighborhoods.

Keller Williams Premier Realty Lake Minnetonka is the brokerage office representing the owner for this listing.
© Copyright 2026, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Positive Realty | Lake Home Group is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Positive Realty | Lake Home Group, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at 7/31/2026 5:59:00 AM.
Equal Housing Opportunity.

Nestled in the sought-after Phelps Island neighborhood in Lake Minnetonka, this beautifully maintained 5-bedroom, 3-bath rambler home offers over 2,500 square feet of thoughtfully designed living space in the highly regarded Westonka School District (ISD 277). The main level is designed for comfortable everyday living and features a spacious primary suite with a private bath, a second bedroom or home office, and a full guest bathroom. Beautiful hardwood floors, wide 32-inch doorways, and a generous kitchen with a center island create an open, welcoming space that is both functional and handicap friendly height. Recent improvements include fresh interior paint, a newer air-conditioning system, a refinished wraparound deck, and an upgraded whole-home water softening and filtration system. The newly installed white vinyl fence provides privacy while framing beautifully landscaped gardens and a spacious brick paver patio—perfect for entertaining, summer barbecues, morning coffee, or relaxing Minnesota evenings. The fully finished lower level features impressive 9-foot ceilings and three garden-view bedrooms that bring in abundant natural light, creating a bright and inviting living space. A large family and recreation room easily accommodates movie nights, game tables, a children’s playroom, home gym, or hobby area. The lower-level bathroom includes a double-sink vanity and an oversized walk-in shower, while a second laundry area adds everyday convenience. Located just minutes from Lake Minnetonka and within walking distance of Al & Alma’s Supper Club, neighborhood parks, trails, and other lake-area amenities, this home offers the perfect combination of comfort, flexibility, and lifestyle. Whether you’re raising a family, welcoming grandchildren and guests, working from home, or simply looking for the ease of one-level living with exceptional finished space below, this home offers warmth, versatility, and the welcoming charm that makes Phelps Island one of the Westonka area’s most desirable neighborhoods.

Keller Williams Premier Realty Lake Minnetonka is the brokerage office representing the owner for this listing.
© Copyright 2026, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Positive Realty | Lake Home Group is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Positive Realty | Lake Home Group, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at 7/31/2026 5:59:00 AM.
Equal Housing Opportunity.

Nestled in the sought-after Phelps Island neighborhood in Lake Minnetonka, this beautifully maintained 5-bedroom, 3-bath rambler home offers over 2,500 square feet of thoughtfully designed living space in the highly regarded Westonka School District (ISD 277). The main level is designed for comfortable everyday living and features a spacious primary suite with a private bath, a second bedroom or home office, and a full guest bathroom. Beautiful hardwood floors, wide 32-inch doorways, and a generous kitchen with a center island create an open, welcoming space that is both functional and handicap friendly height. Recent improvements include fresh interior paint, a newer air-conditioning system, a refinished wraparound deck, and an upgraded whole-home water softening and filtration system. The newly installed white vinyl fence provides privacy while framing beautifully landscaped gardens and a spacious brick paver patio—perfect for entertaining, summer barbecues, morning coffee, or relaxing Minnesota evenings. The fully finished lower level features impressive 9-foot ceilings and three garden-view bedrooms that bring in abundant natural light, creating a bright and inviting living space. A large family and recreation room easily accommodates movie nights, game tables, a children’s playroom, home gym, or hobby area. The lower-level bathroom includes a double-sink vanity and an oversized walk-in shower, while a second laundry area adds everyday convenience. Located just minutes from Lake Minnetonka and within walking distance of Al & Alma’s Supper Club, neighborhood parks, trails, and other lake-area amenities, this home offers the perfect combination of comfort, flexibility, and lifestyle. Whether you’re raising a family, welcoming grandchildren and guests, working from home, or simply looking for the ease of one-level living with exceptional finished space below, this home offers warmth, versatility, and the welcoming charm that makes Phelps Island one of the Westonka area’s most desirable neighborhoods.

Keller Williams Premier Realty Lake Minnetonka is the brokerage office representing the owner for this listing.
© Copyright 2026, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Positive Realty | Lake Home Group is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Positive Realty | Lake Home Group, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at 7/31/2026 5:59:00 AM.
Equal Housing Opportunity.