If you're looking at Centerville Lake and want to know where the biggest homes sit, it's Mound Trail and Mound Court. This stretch, the peninsula reaching into the lake on the west side, holds the widest range of home sizes and the highest closed prices I track on Centerville Lake.
What the recent sales actually show
Looking at closed sales over the past 2,000 days, roughly since January 2021, six closed sales on Mound Trail and Mound Court tell the story of this corridor: a 1968-built 3-bedroom sold for $680,000 in one day on market. A 2000-built 4-bedroom sold for $1,000,000, 5% over its $950,000 list. A 2021-built 3,524-square-foot home sold at full asking price, $1,097,884, before it even hit typical market exposure. A 2005-built 4-bedroom closed at $1,325,000. And the top sale on record here, a 5-bedroom, 6-bath, 3,324-square-foot home built in 2004, closed at $1,525,000, 4% over its $1,465,000 asking price, in a single day.
One sale on this stretch, a 2022-built 4-bedroom, closed at $535,500 against a $1,000,000 list, a steep 54% of list price. That's well outside the pattern of everything else on this corridor, and it's worth understanding the specific circumstances before treating it as representative of what a similar home would sell for today.
What this corridor is actually like
Mound Trail curves along the lake's western shoreline with lots that run larger than what you'll find on the more established streets closer to downtown Centerville. The mix of build years, 1968 through 2022, tells you this is a corridor still in transition, older lake cabins sitting near recent luxury rebuilds. That's typical of the most desirable shoreline on any lake I work: the redevelopment cycle isn't finished, which means there's still upside for a buyer willing to renovate or rebuild, and real comp risk for a seller who prices off the newest neighbor instead of the actual history of their specific lot.
The lake behind it
Centerville Lake covers 445 acres and reaches a maximum depth of about 19 feet. It's officially listed as impaired for excess phosphorus, with a documented history of algae blooms, and historical clarity readings ran under 1.1 meters for most of the lake's monitored record. That's changing: the Rice Creek Watershed District completed a $1,057,000 alum treatment project on June 30, 2026, on schedule and under budget, targeting the sediment phosphorus behind the impairment, with results expected to hold for 15 to 20 years. Clarity has already climbed toward 1.3 to 1.5 meters since treatment began. The Rice Creek Chain of Lakes Park Reserve sits on the opposite shoreline from Mound Trail, giving residents here a lake view without a park backing directly up to their own property line, while still being minutes from that trail and open space access. The lake falls within the Centennial School District.
Quick Answers
What's the price range for homes on Mound Trail and Mound Court? Closed sales here have ranged from $680,000 to $1,525,000 in recent years, with one outlier sale at $535,500 that doesn't reflect the typical range for this corridor.
Are homes on Mound Trail new construction or older lake homes? Both. Build years on recent sales range from 1968 to 2022, a mix of original lake cabins and newer luxury rebuilds.
What school district serves Mound Trail? Centennial School District.
If you're evaluating a home on Mound Trail or Mound Court, I can walk you through exactly how a specific address compares to what's actually closed nearby, not just the asking prices.
I've personally been part of 6 closed transactions on Centerville Lake since 2020, including 3 of the top 4 highest-priced sales on the lake. The top sale on that list was listed at $1,890,000, a gorgeous home. Take a look: video walkthrough and video walkthrough.
Best,
Tim Ornell Waterfront Real Estate Advisor | Ornell Group Real Broker, LLC — Luxury Division (NASDAQ: REAX) Minnesota Real Estate License #40442506 651.263.9480 | ornellgroup.com 7037 20th Ave S, Suite 200, Centerville, MN 55038 Specializing in Twin Cities, MN waterfront properties and relocations.
Data source: Regional MLS of Minnesota closed sales report, single family, lakefront, Centennial School District, covering closed sales over the past 2,000 days (January 2021 through July 11, 2026). Figures reflect closed transactions only.
