Welcome to 5449 Lost Lake Lane, offering maintenance-free living with Lake Minnetonka access in the heart of Mound. This 2-bedroom, 2-bathroom townhouse features 1,154 square feet of well-designed living space, a 2-car garage, quality finishes including hardwood floors and granite countertops, and an open floor plan that opens to a spacious deck for outdoor enjoyment. The association provides shared amenities including a pool, hot tub, and cabana with kitchen for seasonal use. The lower-level second bedroom offers flexible space suitable for a guest room, home office, exercise area, or hobby room. The property includes a city-issued dock slip through the City of Mound dock program, currently held by the seller and transferable to the new owner at closing. The slip accommodates boats up to approximately 30 feet, includes power and water, and is accessed via a dredged channel suitable for a variety of watercraft. Dock fees are paid annually and are offered at a significantly reduced rate for Lost Lake Villas owners at just $1,500. Enjoy convenient access to an extensive network of nearby walking and biking trails, including the Greenway to Wayzata, the Andrew Sisters Trail, and connections to the Dakota Junction Trail in Mound, providing access west toward local destinations for dining, wineries, farms, and seasonal events. City-maintained trail access also provides seasonal lake connectivity for winter recreation. Lost Lake Channel offers a natural setting with regularly observed local wildlife and year-round activity. Summer views often include waterfowl and shoreline wildlife, while winter months commonly bring cross-country skiers and seasonal trail users passing through the channel toward Lake Minnetonka. A well-maintained community, flexible living spaces, trail connectivity, and included dock access make this home a unique Lake Minnetonka opportunity.