Mound Homes under $400,000

Welcome to Mound, Minnesota—a hidden gem nestled along the shores of Lake Minnetonka in Hennepin County. Known for its stunning natural beauty, Mound offers a perfect blend of small-town charm and modern amenities. With its picturesque parks, vibrant community spirit, and access to outdoor recreational activities, Mound is an ideal place for families, young professionals, and retirees alike.

One of the most appealing aspects of Mound is the diverse range of homes available, especially for those seeking affordability without compromising on quality. In this delightful city, you can find charming residences under $400,000, making it an attractive option for first-time homebuyers or anyone looking to invest in a serene lifestyle. These homes often feature spacious layouts, inviting backyards, and proximity to top-rated schools, ensuring that you have everything you need right at your fingertips.

Mound is also home to a variety of local shops, restaurants, and community events that foster a sense of belonging. Residents enjoy easy access to the beautiful Lake Minnetonka, where boating, fishing, and leisurely strolls along the shoreline are part of daily life. With a strong sense of community and a commitment to maintaining the area's natural beauty, Mound truly offers a welcoming atmosphere.

Whether you’re drawn to the scenic views, the friendly neighbors, or the affordability of homes under $400,000, Mound is the perfect place to call home. Explore the possibilities and discover why so many are choosing to make this enchanting city their own!

Newest Mound Homes under $400,000

$399,000

6 Beds ⋅ 2 Baths ⋅ 7156572 MLS

Fantastic investment opportunity in Mound! Unit 5019 has been newly renovated, is vacant and is ready to rent! This well-maintained duplex offers two spacious units, each featuring 3 bedrooms and 1 bathroom, making it an excellent addition to a rental portfolio or a great option for an owner-occupant. Both units feature nice updates, comfortable living spaces, and their own private laundry for added convenience. Each unit also has its own garage, providing valuable additional parking and storage. The property sits on a large yard with plenty of outdoor space and a more private setting for tenants to enjoy. Current rents are below market value, offering potential upside for a new owner and an opportunity to increase future rental income. With two 3-bedroom units, separate laundry, garage space for each unit, and a generous yard, this property offers many of the features tenants look for in a rental. Conveniently located in Mound near Lake Minnetonka, parks, shopping, dining, schools, and other area amenities. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this duplex offers a great combination of space, location, privacy, and income potential.

5017-5019 Shoreline Drive, Mound

Listing courtesy of 10K Realty.

$274,950

4 Beds ⋅ 3 Baths ⋅ 7154421 MLS

Welcome to 4518 Wilshire, an extraordinary investment opportunity and handyman special in charming Mound! Ideal for savvy investors, flippers, or handy buyers looking to build instant equity, this 4-bedroom, 2.5-bathroom home is brimming with potential and just waiting for your personal TLC. The functional layout features a light-filled living area that opens to a wonderful three-season porch overlooking the backyard, while the kitchen comes equipped with stainless steel appliances. Bring your design vision to life and maximize this property's true value. Nestled in a desirable community near Lake Minnetonka, you are just minutes from local parks, scenic lakefront access, daily shopping, and dining. Schedule your tour today to unlock this asset's true potential!

4518 Wilshire Boulevard, Mound

Listing courtesy of Entera Realty LLC.

$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.

$359,000

2 Beds ⋅ 1 Baths ⋅ 7146956 MLS

Welcome to this beautiful cottage-style retreat with an "up North" look and feel to it! This cozy home has been professionally renovated from top to bottom both inside and out! It comes COMPLETELY FURNISHED with tasteful decor and is move-in ready! Put it on your list to see for yourself. The home offers privacy and beautiful unobstructed seasonal views of Lake Minnetonka! It is nestled on a quiet no-outlet road with mature maple and oak trees, a fully fenced yard and includes a large brick patio with fire ring and seating area for entertaining. The south-facing wooded back yard overlooks a nature area, ensuring privacy as no one can build behind you. Two quality, new-construction homes will be built next door, which will add value to the neighborhood. The home's exterior features cedar shake siding, mature landscaping and a new storage shed for bikes, mower, etc. The interior features a completely remodeled kitchen with new appliances, butcher-block countertops, and two large windows for wooded views and natural lighting. The dining area opens to a cozy living room area, and the bedroom features two large windows with seasonal views of Lake Minnetonka. An updated full bath completes the main floor. All new flooring throughout, freshly painted ceilings and walls with beautiful, up-to-date colors and draperies. Newer washer & dryer and mechanicals. The comfortable walk-out lower level with windows and cedar woodwork offers an ideal office area and recreation/flex TV area or 2nd bedroom, perfect for a hide-a-bed for guests. Completely updated laundry , mechanical and storage area completes the lower level. Close to the lakes, bike trails, parks, restaurants and shopping, along with the award-winning Westonka Schools! Convenient to Excelsior and Wayzata. Utilize one of the nearby boat launches for fun weekends on the lake and put your name on the City of Mound dock program for a possible boat slip! Enjoy all that the lake area has to offer! This home is a great opportunity for an updated and affordable home in a desirable area of the western suburbs! Call for your showing appointment today!

5129 Waterbury Road, Mound

Listing courtesy of Home Avenue Flat Fee Realty.

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.

$239,500

3 Beds ⋅ 1 Baths ⋅ 7147922 MLS

Opportunity awaits at 5749 Sunset Rd! Situated on a 1/4+ acre lot in a convenient Mound location, this home offers solid bones, great space, and plenty of potential to build equity with some updates and finishing touches. The spacious living room features hardwood floors, coved ceilings, and large windows. The kitchen has already seen several updates including countertops, sink, gas range, and refreshed cabinetry. Two good-sized bedrooms with hardwood floors are located on the main level along with an updated full bath featuring tile flooring and a tiled shower surround. Downstairs, the oversized third bedroom could also function as a family room, office, or flex space, while the unfinished area offers excellent storage, workshop space, or additional future finishing potential. The lower level is drain tiled with a sump pump. An attached garage connects through a screened breezeway, and the large backyard features a deck, firepit, and plenty of room to enjoy. **This home does need some TLC, but offers a great opportunity for a buyer willing to put in some work and create instant equity.** Conveniently located near shopping, dining, groceries, lakes, and everything Mound has to offer!

5749 Sunset Road, Mound

Listing courtesy of RE/MAX Advantage Plus.

5440 Three Points Boulevard Unit 536, Mound

$275,000

2 Beds ⋅ 1 Baths ⋅ 7134813 MLS

16x40 BOAT SLIP ON LAKE MINNETONKA comes with 2 bed/1ba/1car CONDO! Finally, the carefree Lake Minnetonka living you have been dreaming about! Perfect for year-round vacation-like living or as a seasonal getaway! Yet without the endless maintenance needs that keep you from enjoying your time off! Includes sought after 16x40 boat slip on the lake (Dock #6. Can accommodate a wide body cruiser!). Garage #26 large enough for full sized suburban! Many amenities onsite too! Get a workout in the morning, splash around in the pool, or enjoy the sauna! Adjacent entertainment room plus lakeside grilling options makes it easy to host the next gathering with your friends and family! Your top floor unit has been well maintained with new floors throughout, new windows, custom wood blinds, and brand new light fixtures with today’s décor. Enjoy restaurants, live music and festivals, all just an easy boat ride, bike ride or date night drive from your new home! Lake Minnetonka Living Awaits!

5440 Three Points Boulevard Unit 536, Mound

Listing courtesy of RE/MAX Advantage Plus.

$264,900

3 Beds ⋅ 1 Baths ⋅ 7145149 MLS

One story with three bedrooms, one full bathroom, attached garage, partially finished basement with laundry and room to add more living space.

5013 Shoreline Drive, Mound

Listing courtesy of Lakes Sotheby's International.

$399,900

4 Beds ⋅ 2 Baths ⋅ 7144030 MLS

Steps from Dutch Lake and minutes from Lake Minnetonka—this is the location you've been waiting for. Set on a beautiful half-acre lot in a quiet cul-de-sac, this home offers space, charm, and an unbeatable spot in the Westonka School District. The main level features 4 bedrooms, an eat-in kitchen, a comfortable living/dining area, and a spacious family room addition—perfect for everyday living and entertaining. Gleaming newly refinished hardwood floors add warmth throughout. The walkout lower level expands your options with a beautifully remodeled 3/4 bathroom, a non-egress bonus room, a family room, and abundant unfinished storage. Outside, enjoy neighborhood access to Dutch Lake, a short walk to Philbrook Park, and easy biking to the Dakota Rail Trail. A huge workshop below the 2-car garage and lovely backyard gardens round out the appeal. This home may also qualify for the City of Mound Dock Program—visit the City of Mound website for details.

6015 Aspen Road, Mound

Listing courtesy of Coldwell Banker Realty - Southwest Regional.

$324,999

2 Beds ⋅ 1 Baths ⋅ 7141035 MLS

Introducing 3000 Devon Lane, a charming cottage, a corner lot, and lake life in nearly every direction, this Mound gem feels a bit like something out of a storybook. Set just blocks from the water, this 2 bedroom, 1 bath home offers easy one level living with generous room sizes, a thoughtful floor plan, main floor laundry, and plenty of storage. A lower level walkout adds flexibility, while a newer furnace brings peace of mind. And the unexpected bonus?! Don't miss the incredible oversized 2+ car garage/workshop with 30 feet of depth, perfect for lake toys, hobbies, and everything in between. A charming setting with all the makings of a truly special place to call home.

3000 Devon Lane, Mound

Listing courtesy of eXp Realty.

$349,900

3 Beds ⋅ 2 Baths ⋅ 7140974 MLS

Welcome to 4753 Burns Road, set on a spacious lot in Mound, this inviting 3 bedroom, 2 bath home brings together meaningful updates, comfortable living spaces, and a beautiful outdoor setting. A picturesque circular driveway welcomes you in, while new flooring, updated paint, and convenient main floor laundry add ease to everyday living. The remodeled kitchen offers generous cabinetry, abundant workspace, and plenty of room to gather. Outside, the impressive 32x12 maintenance free deck overlooks the peaceful backyard, perfect for entertaining, grilling, or enjoying the frequent wildlife. A newer oversized 2 car garage provides plenty of room for vehicles, hobbies, storage, and all the extras. With a functional layout, great outdoor space, and updates already in place, this Mound home is ready to be enjoyed inside and out.

4753 Burns Road, Mound

Listing courtesy of eXp Realty.

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