Rare redevelopment opportunity in the heart of coveted Minnetonka Beach. Open to all builders - build your dream home, reimagine the existing residence with a complete renovation, or enjoy it as-is while planning your future vision. The value is truly in the land and the extraordinary lifestyle this property offers. Nestled in the secluded and highly sought-after village of Minnetonka Beach within the award-winning Orono School District, this incredible homesite offers a rare chance to create your legacy surrounded by the beauty of Lake Minnetonka. One of the area's most unique advantages is the opportunity for residents and property owners to obtain a boat slip through the City of Minnetonka Beach - allowing you to enjoy lake life without the premium lakeshore taxes. Spend your summers boating to dinner on the lake, paddleboarding at sunrise, cruising to Wayzata for ice cream or brunch, and enjoying endless days on the water with family and friends. Minnetonka Beach is a charming lakeside community known for its peaceful streets, tight-knit community feel, and unmatched access to Lake Minnetonka. Most homes in the village are lakeshore properties, making non-lakeshore opportunities like this exceptionally rare. Residents enjoy parks, nearby trails, quick access to marinas and yacht clubs, and a true small-town lake lifestyle just 5 minutes west of Wayzata, less than 20 minutes to downtown Minneapolis, and under 10 minutes to the Orono school campus. Boat slips are available through the city for approved residents/property owners. Contact Minnetonka Beach City Hall for dock slip availability, waiting list information, and annual fee details. Agent also has builder recommendations available for buyers interested in creating a custom home on this exceptional property.