Build your dream home on a rare, PRIVATE ¾-ACRE WOODED SITE with panoramic water and woods views, including long views of Phelps Bay on LAKE MINNETONKA. Set high on a peninsula at the end of a no-outlet road, this property offers an acreage feel with mature maple and oak trees, seasonal color, beautiful sunrises and abundant wildlife. Enjoy 160 feet of shoreline on a scenic pond with a permitted dock and limited Lake Minnetonka access through a small channel. The shallow pond accommodates small craft such as kayaks and canoes. Introducing THE LAKEVIEW DESIGN, a bold, modern, open-concept walk-out rambler with customizable main-level living designed to capture this exceptional setting. A home featuring this design is under construction in Hanover on the Crow River; schedule a builder appointment to preview it. See attached construction photos. Home packages there start at $980k. Inside, timeless craftsmanship blends enameled and natural woodwork, tile, stone, custom cabinetry and millwork, wide-plank floors and quality finishes. High ceilings, soaring vaults and walls of windows frame the views. An office or guest bedroom with a 3/4 bath sits near the entry. The light-filled great room features a wood-and-beam ceiling, trapezoid windows and a stone fireplace with built-ins. The gourmet kitchen offers a large center island, granite countertops, SS appliances and a walk-in pantry. The dining area opens to a deck with stairs to the lower-level patio. The vaulted primary suite offers private views and a spa-like bath with tile, a heated floor, walk-in shower, 6FT jetted tub and dual vanity. A spacious walk-in closet connects to a walk-through laundry room. The LL features 9-foot ceilings, a recreation room with fireplace, big-screen TV wall, pool and game table areas, full wet bar and patio access. Two additional bedrooms, a ¾ bath with sauna, a connecting flex/exercise room, mechanical room and separate storage complete the lower level. A landscape package is included. Prefer another style? Choose our traditional Birchwood Design with similar SF and price point (see attached photos), a cottage or contemporary plan, or partner with us on a custom design suited to your lifestyle and budget. Work with our designer to personalize finishes and colors. Custom Living Homes LLC brings over 40 years of custom home-building experience. Convenient to Excelsior, Wayzata, lakes, parks and shopping, the site is in the award-winning Westonka School District, with all utilities available. Schedule a builder appointment to walk the lot, enjoy the views and finalize your design and budget. Final home-package pricing depends on the design and options selected. Please note: Contact the builder for details. The existing home next door at 5123 Waterbury Rd. is to be removed. Do not walk the property without the builder present or turn around in neighbors' driveways. Use the designated turn-around area. Thank you!