Browse All Mound MN Under $200K Properties for Sale

Great opportunity to build near Lake Minnetonka in a quiet neighborhood, next to Highland Park. Mound has a public dock program! Variance approved, utilities on-site, dead ash trees removed. Lot is staked with boundaries and proposed footprint—jumpstart your project and build instant equity in a redeveloping area. Includes architectural plans and recent survey. Already have your own vision? This property is open to all builders and plans.

2914 Meadow Lane, Mound

Listing courtesy of Meta Realty.

$124,900

1 Beds ⋅ 1 Baths ⋅ 7153416 MLS

Welcome to Lakewinds Yacht & Sport, where lakeside living meets comfort, convenience, and an incredible collection of amenities! This beautifully renovated unit 1-bedroom, 1-bath condo is located on the shores of Spring Park Bay on Lake Minnetonka and offers an affordable opportunity to enjoy the lake lifestyle. Inside, you’ll find modern updates throughout, including new kitchen cabinets, quartz countertops, appliances, carpeting, lighting, fixtures, A/C, disposal, dishwasher, and enhanced soundproofing. The open-concept layout connects the kitchen, dining, and living areas, creating a comfortable space to relax or entertain, while the private balcony is the perfect spot to enjoy your morning coffee or unwind at the end of the day. Step outside your door and enjoy an impressive array of resort-style amenities, including two indoor heated pools, three saunas, an exercise studio, basketball and racquetball courts, and a party room with kitchenette. Take in panoramic Lake Minnetonka views from the rooftop deck, fire up the grill at the lakeside gazebo, or spend a sunny afternoon at the swim beach. Residents also enjoy a marina sun deck, fishing areas, canoe storage, community docks, and a convenient tram connecting the gazebo to the docks and beach. Love being on the water? Owners can apply for a boat slip through management. The association fee adds even more value, covering heat, water, water heating and softening, cable TV, internet, trash, recycling, on-site maintenance, and professional management. There’s even a convenient car wash area! Whether you’re looking for a year-round home or a place to enjoy everything Lake Minnetonka has to offer, this inviting condo makes it easy to embrace a relaxed, amenity-filled lifestyle. Come see all that Lakewinds has to offer

4407 Wilshire Boulevard Unit 310, Mound

Listing courtesy of RE/MAX Results.

5410 Three Points Boulevard Unit 434, Mound

$200,000

2 Beds ⋅ 1 Baths ⋅ 7153011 MLS

Introducing 5410 Three Points Boulevard Unit 434 in the Seahorse Condominiums, a lakeside resort-style community on Jennings Bay on Lake Minnetonka. Step into this top-floor condo offering two bedrooms and one full bathroom across 978 finished square feet. The living room walks out to a balcony with treetop views. Enjoy docking at your own private 24-foot boat slip, able to accommodate up to a 28-foot boat. Laundry is conveniently located adjacent to the unit. The pristine park-like grounds include an indoor heated pool and sauna with a fitness area, party room, putting greens, picnic areas with grills, gardens, a private boat launch for residents, and a day dock for guests. The nearby Dakota Rail Regional Trail provides miles of walking and biking trails.

5410 Three Points Boulevard Unit 434, Mound

Listing courtesy of Compass.

5410 Three Points Boulevard Unit 425, Mound

$165,000

2 Beds ⋅ 1 Baths ⋅ 7144389 MLS

Exceptional value and access to Lake Minnetonka! This clean and well-cared-for 2-bedroom, 1-bath condo offers an impressive collection of amenities, including a private boat launch and day docks on Jennings Bay - making it easy to get out and enjoy the lake. While this unit does not include a private dock, residents can enjoy the community day docks, and privately licensed docks may be available to rent from other residents. The community’s 8+ acres of lakeside grounds feature picnic areas, grills, putting greens, and plenty of space to enjoy the outdoors. Inside, residents have access to an indoor pool, sauna, fitness center with locker rooms, and a recently remodeled party room perfect for entertaining. Association dues include heat, central air, water, sewer, garbage, lawn care, snow removal, hazard insurance, and exterior maintenance. The unit is also conveniently located right next to the common laundry room. All of this within walking distance of downtown Mound and the Dakota Rail Trail. A great opportunity to own a well-maintained condo with outstanding amenities and Lake Minnetonka access at an exceptional value.

5410 Three Points Boulevard Unit 425, Mound

Listing courtesy of Compass.

$155,000

7141103 MLS

1689 Canary Lane, Mound

Listing courtesy of Excelsior Realty.

$130,000

2 Beds ⋅ 1 Baths ⋅ 7122693 MLS

2-bedroom, 1 full bath top level unit featuring marble kitchen flooring, pantry and dishwasher! Ceramic bath flooring and tub/shower surround. French doors, balcony, informal dining area and ample closet space including a walk-in closet in the primary bedroom. Direct TV and internet service included in the association dues. 1 reserved parking space. Daily use (not overnight) dock access with occasional slip lease availability. Common areas include a roof-top deck, patios, gazebo, 2 indoor pools, exercise room, sport courts, and meeting and social rooms. The Association dues cover all customary CIC expenses and all utilities except for electricity.

4371 Wilshire Boulevard Unit 305, Mound

Listing courtesy of Coldwell Banker Realty - Lakes.

$199,900

2 Beds ⋅ 1 Baths ⋅ 7132521 MLS

Charming 2BR/1BA cottage just two blocks from Lake Minnetonka! This neat and clean home offers a fantastic layout with plenty of potential to make it your own. The comfortable main-level living spaces provide a great starting point for your personal touches and updates. Bring your ideas and add equity by finishing the lower level for additional living space, a home office, family room, or more. Enjoy all that the Lake Minnetonka area has to offer while creating a home that fits your style and needs. A wonderful opportunity in a great location!

4781 Aberdeen Road, Mound

Listing courtesy of Fish MLS Realty.

$185,000

2 Beds ⋅ 1 Baths ⋅ 7126027 MLS

This home owns DOCK #32 (16 foot can have up to a 20 foot boat), and GARAGE #43 (great location, easily accessible, newer door and opener) Vacation at home in this wonderful 2 bedroom condo on the 3rd floor with a newer kitchen, appliances, carpet, paint, and screened in deck. The large primary bedroom has a walk in closet (there is a water hook up for a sink and vanity, potentially washer and dryer?) The condo has been beautifully maintained and move in ready. Seller has lived there for 24 years. Storage in LL #303. Dues cover EVERYTHING but electric, including all dock maintenance. All unassigned parking is for guests, includes all center spaces by the gazebo/dock area. Docks may be available to rent from other Owners. Be sure to check out this area lakeside and see all of the improved gardens, patio, gazebo, grilling area with lake views, and docks! There are 2 indoor pools, community room, and roof top deck with the best lake views and great for watching area fireworks! Also 2 indoor courts, workout room, sauna, and bathrooms with showers. Very walkable to area restaurants and Dakota Trail. There is no better way to own Lake Minnetonka lakefront with your own private dock and garage at this price!

4371 Wilshire Boulevard Unit 303, Mound

Listing courtesy of RE/MAX Results.

$200,000

7108129 MLS

.78 acre lot with possible split of level 1/3 acre lot and walkout 1/2 acre lot with driveway easement off Walnut Rd. Country feel with conveniences of city. City dock rights available through city of Mound waiting list.

6381 Walnut Road, Mound

Listing courtesy of Woodside Equities.

$134,900

2 Beds ⋅ 1 Baths ⋅ 7099109 MLS

Priced to sell! Take a look at this exceptional condo in the highly desirable Lakewinds community on Lake Minnetonka. This light, bright unit features beautiful lake views and a prime location. Recent updates include a refreshed bathroom with a new vanity, sink, faucet, and toilet, as well as a kitchen updated with a new dishwasher, disposal, and faucet. Lakewinds offers 700 feet of shared sandy shoreline on Lake Minnetonka. Take the unique mechanical lift to the water's edge, launch a canoe or kayak, fish from the dock, or soak in panoramic lake views from the rooftop sun deck. Just minutes from neighborhood parks, the Dakota Rail Trail, and popular waterfront dining like Fletcher's on the Lake, this is lakeside living at its finest. Residents enjoy resort-style amenities, including: - Two indoor pools - Basketball and racquetball courts - Workout facility and sauna - Party room and sun decks - Picnic area with a gazebo - Private lakeside beach The property includes an assigned parking spot and convenient laundry facilities. Guest parking is available throughout. Garage space and boat slip are not included in the sale. Availability and terms are arranged separately and are not part of the transaction. Association dues are comprehensive, covering cable TV, high-speed internet, heating, water, sewer, sanitation, snow removal, outside maintenance, and professional management. A quick closing is possible. Please schedule all showings through ShowingTime. The buyer's agent is to verify all measurements.

4387 Wilshire Boulevard Unit 106, Mound

Listing courtesy of Affordable Hom Realty.

$169,069

2 Beds ⋅ 2 Baths ⋅ 7094562 MLS

Rehab or bull doze and build new.

3149 Inverness Lane, Mound

Listing courtesy of Referral Realty.

4397 Wilshire Boulevard Unit E305, Mound

$199,900

2 Beds ⋅ 1 Baths ⋅ 7084312 MLS

Boat Slip Included | Prime Lakewinds Location on Lake Minnetonka Enjoy effortless lake living in this beautifully updated 2-bedroom condo in the highly sought-after Lakewinds community. Perfectly positioned just steps from the water, this unit offers stunning Lake Minnetonka views from the screened porch and unmatched proximity to docks, patios, gazebo, grills, and lakefront amenities—no long walks here. The included 16-foot dock slip (fits up to a 20’ boat) makes getting on the water simple and convenient. Inside, you’ll find a bright, open layout with a spacious living room, updated kitchen with stainless steel appliances, and seamless flow to the dining area—ideal for relaxing or entertaining. The large primary bedroom features a generous walk-in closet, while thoughtful updates throughout create a comfortable, move-in-ready space. Located on the 3rd floor, this unit captures expansive lake views that truly set it apart. Optional turnkey opportunity – available fully furnished. Resort-style amenities include: Indoor pool Sauna Basketball & racquetball courts Lakefront patios & grills Trolley service to docks Whether you're looking for a weekend retreat or a year-round home, this is one of the best values on Lake Minnetonka. Don’t miss this rare opportunity for true lakefront living with a boat slip included.

4397 Wilshire Boulevard Unit E305, Mound

Listing courtesy of Re/Max Advantage Plus.

$154,900

2 Beds ⋅ 1 Baths ⋅ 7073927 MLS

**Please check back - professional photos coming soon** Discover the perfect blend of modern comfort and lakeside living without the expense. This updated 2-bedroom, 1-bath unit is move-in ready with stylish new plant flooring and plush carpet (installed just two years ago), upgraded lighting throughout and fresh paint. The sleek kitchen features newer stainless steel appliances, stunning quartz countertops and backsplash, a convenient breakfast bar and plenty of natural light streaming into the sun-lit living room and private deck. Enjoy exclusive access to 700' of Lake Minnetonka and your own community dock for swimming and boating! The building boasts unbeatable amenities, including a rooftop deck Crow's Nest with long water views, other amenities in the community include swim beach, lakeside patios, indoor pools, sauna, fitness center, and basketball/racquetball courts. Host friends in the beautiful lakeside sun deck with grills and a gazebo. Or relax in the community room with the big screen TV, kitchenette and wet bar. This prime location offers everything you need for year-round relaxation and recreation. Please note the association dues cover gas, snow removal, outside maintenance, water/sewer, cable tv and internet.

4379 Wilshire Boulevard Unit 208, Mound

Listing courtesy of Coldwell Banker Realty.

$184,900

2 Beds ⋅ 1 Baths ⋅ 7065736 MLS

Experience lake living at its best in this beautifully updated condo in the highly desirable Lakewinds community on Lake Minnetonka. Perfectly positioned just steps from water, this prime-location unit offers immediate access to patios, gazebo, grills, docks, and even a lift to the lake-making it far more convenient than units with longer walks. This spacious 2-bedroom condo is larger than most in the complex and has been thoughtfully updated throughout. The kitchen features modern countertops, updated cabinetry, and newer appliances, along with a full wall of built-in cabinets that includes a dedicated desk and office area-perfect for working from home or staying organized. The unit also includes a covered carport (No. 169) along with additional community parking. The bathroom has been stylishly renovated with updated title, and the unit includes a built-in bench with storage for everyday convenience. Beautiful luxury vinyl plank flooring runs throughout, offering durability and easy maintenance, while air conditioner was newly installed last year for added peace of mind. Enjoy resort-style amenities just steps away from your door, including an indoor pool, sauna, fitness center, racquetball court, and weight room. Whether you're looking for a year-round residence or a relaxing retreat, this condo truly feels like a vacation home in the Twin Cities. Come see this exceptional property for yourself and experience everything Lake Minnetonka living has to offer!

4397 Wilshire Boulevard Unit 103, Mound

Listing courtesy of Re/Max Advantage Plus.

$199,900

7051165 MLS

Build Your Dream Lake Minnetonka Area Retreat on this beautiful .39 Acre Walkout lot with 127 feet of road frontage on Tuxedo Boulevard. Ideal for a custom single family home, double bungalow or possibly a zero lot line twin home. R2 Zoning allows for varied development possibilities and the lot abuts a wooded city-owned parcel to the south. Just a short walk to Avalon Park on Lake Minnetonka. Inquire about the City of Mound Dock Program!

2875 Tuxedo Boulevard, Mound

Listing courtesy of Minnetonka Realty, Inc.

5430 Three Points Boulevard Unit 132, Mound

$165,000

1 Beds ⋅ 1 Baths ⋅ 7053699 MLS

LAKE MINNETONKA resort-style top floor condo INCLUDES A GARAGE. This top floor has been totally updated to excel your expectations. A kitchen center island enhances the great room design adjacent to a south facing screen porch. The kitchen highlights are stainless steel appliances, a beautiful glass tile backsplash, under cabinet lighting, pendant lighting, soft close drawers and quartz countertops. The 8 acre Seahorse lakeside complex is a Lake Minnetonka vacation destination featuring an indoor pool, sauna, exercise equipment, a putting green, a private on-site boat ramp, lakeside picnic areas with gas grills, TEN guest day docks, and a newly remodeled party room with a full kitchen. Imagine waking up to your lake day of taking your boat or wave runner out of your PRIVATE GARAGE #78 down to the Seahorse private on-site boat ramp to launch your boat or wave runner into the waters of Lake Minnetonka. Enjoy fun cruising adventures on the lake and then come back to your condo for a lakeside picnic and then go back to your boat moored at one of the 10 “DAY DOCKS” to continue your new lake lifestyle exploring the meandering shores of Lake Minnetonka. The monthly HOA monthly fee of $634.00 includes your central air, heat, water, sewer, trash, snow removal, lawn care, day docks, common areas, security building, professional management, building exterior, outside maintenance, coin operated laundry, indoor pool, sauna, and shared amenities. A close-by daily vacation awaits you.

5430 Three Points Boulevard Unit 132, Mound

Listing courtesy of Coldwell Banker Realty.

$189,900

7020469 MLS

BEST LOTS AVAILABLE AROUND LAKE MINNETONKA! BEAUTIFUL WOODED WALK-OUT LOTS WITH SEASONAL LAKE MINNETONKA VIEWS available now to build your dream home! LOT WITH HOME PACKAGES STARTING AT $749K. Ask the builder about cost saving options and new .35 acre W/O Crow River lots available for $195K as well! Nestled near the lake, they are private, wooded, southern exposure W/O lots on a quiet, no outlet road overlooking nature area with beautiful seasonal views of Lake Minnetonka! A peaceful natural setting with an abundance of mature maple and oak trees for lush privacy in the summer, blazing colors in the fall and serene winter landscapes. The lots sit up high above scenic nature area which assures privacy as no one can build behind you! This building site-5123 Waterbury (Lot B) is a natural walk-out. Select one of our 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, life style and budget! As an example this building site can accommodate a two story or rambler home plan with a three car garage. Our modern farmhouse open concept 2-story design offers comfortable family living with all the desired amenities and with a finished walk-out lower level provides 3,181 SF of quality, design and function. The Modern Farmhouse plan on this lot, has a base price of $749K. Ask builder for more details. Select the finishes and colors to make the home truly yours! The building sites are a blank canvas with endless possibilities! 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, energy and technology with the highest quality craftsmanship and attention to details from start to finish! Why settle for an outdated home design and decor with lingering projects when you can have a new custom built home with all the amenities, finishes and colors to your liking! IF YOU PREFER, YOU CAN BRING YOUR OWN BUILDER. Enjoy the lake area life style living at its best! Close to the bike trails, parks and shopping along with the award winning Westonka Schools! Convenient to Excelsior, Wayzata and all the area attractions! The homes will compliment each other and be designed to fit in with the wooded, natural and private setting. Utilize one of the nearby boat launches or lease a boat slip at one of the nearby marinas and you will be on Lake Minnetonka in a matter of minutes. Make an appointment with the builder now to walk the lots to see the beautiful building sites. The builder will explain the building process and the different home style options etc., and answer any of your questions. Secure a building site now and do design and budget work for starting your new home project. The building sites are ready for permitting and all utilities are in. Price includes removal of the existing home when building with Custom Living Homes, LLC, otherwise the lot price is AS IS with the existing home. 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!

5123 Waterbury Road, Mound

Listing courtesy of HomeAvenue Inc.

5440 Three Points Boulevard Unit 513, Mound

$140,000

2 Beds ⋅ 1 Baths ⋅ 6677538 MLS

MOTIVATED SELLER! BRING AN OFFER! Experience lake life at its finest in this beautiful 2-bedroom condo! Freshly painted and featuring brand-new carpet in both bedrooms, this home offers comfort and style in a well-maintained community. Resort-style amenities include an indoor pool, sauna, fitness center, and a remodeled party room—perfect for hosting your next gathering. Step outside and enjoy access to the marina (slip rental subject to availability), Seahorse boat launch, day docks, and a lakeside picnic area with grills for relaxed, waterfront living. Convenience is key with laundry facilities just steps away on the same floor. Bonus: Some owners rent out their garage stalls during winter months—another great perk for seasonal flexibility. Don't let the association fee scare you away! It includes your heat, central air, water, sewer, garbage, lawn, snow, hazard insurance and outside maintenance.

5440 Three Points Boulevard Unit 513, Mound

Listing courtesy of Exit Realty Nexus.

Start Your Search

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. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.

Under $200K Mound Real Estate

Our website features the best real estate search for under $200k properties available in Mound and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor®’s database every 15 minutes.

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire.

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood!

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Browse All Mound MN Under $200K Properties for Sale

Under $200K Mound Real Estate

How much is your home worth?

How much is your home worth?