Nestled on a spacious corner lot in one of Minnetonka's most desirable neighborhoods, this 1,588 sq ft home offers an unbeatable location less than a mile from Lake Minnetonka and just around the corner from Groveland Elementary. Ownership includes exclusive membership in the coveted Herzog Acres Association, granting private park, beach, and dock access along 175 feet of pristine Wayzata Bay shoreline. Inside, you'll find a spacious living room with built-in bookcases and a wood-burning fireplace, a functional kitchen with stainless steel appliances and updated LVP flooring, two upper-level bedrooms with hardwood floors (including a primary suite with a private deck walkout), and a versatile lower level featuring a second wood-burning fireplace (perfect for a home office) and updated family room. Outdoor living shines with three separate deck spaces, a welcoming front porch, a backyard fire pit, and a generous yard ready for kids and pets. The home's mechanicals are in great shape, with a newer water softener, water heater, repaved driveway, new backyard sod, and new garage doors - offering a solid foundation for your vision. Some interior finishes reflect recent DIY updates and would benefit from a cosmetic refresh, making this a rare opportunity to build immediate sweat equity in the coveted Minnetonka school district with lake privileges, all well below typical waterfront prices. Priced to reflect its cosmetic character and sold as-is. Bring your vision and make it your own!