Build your Lake Minnetonka dream home here! Premier location with direct lakeshore on one of the most easterly bays of Lake Minnetonka - Libbs Lake, off of Gray's Bay. Sought after & coveted Libbs Lake neighborhood. Rare to be in Minnetonka Schools AND on Lake Minnetonka. Long driveway provides an amazingly serene and private setting! Flat yard out to the water, perfect for playing games and having a bonfire! So much summer and winter fun to be had! Appreciate leaving your dock in year-round. Properties like this rarely become available. Longtime owner of 50+ years. Condition of home assumes it will be torn down, value is in the land. Steps to multiple parks including Libbs Lake Park with sandy swimming beach, and Gro Tonka Park with ball fields, tennis courts, and playground. The Gray's Bay marina, dam, and Headwaters Boardwalk nearby too! Convenient to downtown Minneapolis and downtown Wayzata. Groveland Elementary and MME. Live the Lake Life here, and schedule your tour today!