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475 Lakeview Avenue

Tonka Bay, MN 55331

1 bed
2 baths
1,520 sqft
6,969 sqft lot
$920 per sqft
1965 build
– on site

Opportunity knocks. Offered for the first time in over 50 years. Nestled on a secluded no-outlet road, this unique lake home offers the perfect blend of tranquility, charm, and untapped potential. Just steps away from the water’s edge with 40 feet of South facing lakeshore on Gideon's Bay, boasting breathtaking panoramic lake views. Enjoy the spacious screened-in deck, designed to soak in the scenery year-round. Inside, the home features vaulted ceilings, skylights, hardwood floors, and a cozy fireplace, all enhanced by a unique open floor plan that’s perfect for entertaining or unwinding. Whether you're looking for a serene getaway, a renovation opportunity, or a dream rebuild, this property is poised with potential. Located just minutes from Downtown Excelsior, shopping and everyday amenities, yet worlds away from the hustle, this is your chance to own a slice of lakeside paradise. Don’t miss this rare opportunity to create your perfect lakefront lifestyle.

Listing courtesy of NORTHSTAR / Kerby Skurat / RE/MAX Results

Last checked: Checking… • Last updated Jun 18, 2025 •

MLS# 6730566 —

The Building

Year Built:

1965
New Construction:

false
Age Of Property:

60
Construction Materials:

Wood Siding
Roof:

Age 8 Years or Less, Asphalt, Pitched
Accessibility Features:

None
Levels:

One
Main Level Finished Area:

928.0000
Basement:

Egress Window(s), Partially Finished, Sump Pump, Tile Shower
Basement:

true
Foundation Area:

928
Manufactured Home:

No
Building Area Total:

1856
Above Grade Finished Area:

928
Below Grade Finished Area:

592

Interior

Dining Room Description:

Breakfast Bar
Fireplace:

true
Fireplaces Total:

2
Fireplace Features:

Decorative, Gas
Amenities:

Deck,Hardwood Floors,Kitchen Window,Panoramic View,Skylight,Vaulted Ceiling(s),Washer/Dryer Hookup

Room Dimensions

Living Area:

1520

Location

Directions:

Manitou Rd to Tonka Bay Rd, right on Hazel St, right on Lakeview Ave
Latitude:

44.913309
Longitude:

-93.581457

The Property

Parcel Number:

2711723320016
Zoning Description:

Residential-Single Family
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Attached:

false
Additional Parcels:

false
Lot Features:

Accessible Shoreline, Many Trees
Lot Size Area:

0.16
Lot Size Dimensions:

IRREGULAR
Lot Size SqFt:

6969.6
Lot Size Units:

Acres
View:

Bay, Lake, South
Lake Chain:

N
Lake Acres:

14205
Lake Depth:

113
Lake Bottom:

Hard,Sand
Water Body Name:

Minnetonka
Waterfront Slope:

Level
Waterfront Feet:

40
Road Between Waterfront and Home:

No
Road Frontage Type:

City Street, No Outlet/Dead End, Paved Streets
Road Responsibility:

Public Maintained Road
Fencing:

None
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

16043
Tax With Assessments:

16043.0600

Beds

Bedrooms Total:

1

Baths

Total Baths:

2
Bath Description:

3/4 Basement,Main Floor 3/4 Bath
Three Quarter Baths:

2

Heating & Cooling

Heating:

Forced Air
Cooling:

Central Air

Utilities

Sewer:

City Sewer/Connected

Appliances

Appliances:

Dryer, Microwave, Range, Refrigerator, Washer

Schools

High School District:

Minnetonka

The Community

Subdivision Name:

Minnetonka Lake Park
Pool Features:

None
Waterfront:

true
Waterfront Features:

Lake Front, Lake View
Association:

false
Assessment Pending:

No

Parking

Parking Features:

Detached, Concrete
Garage Spaces:

2
Garage Dimensions:

22x31
Garage SqFt:

682

Monthly cost estimate

Asking price

$1,399,000

Expense	Monthly cost
Mortgage	$7,491
Taxes	$1,336
Insurance	$384
Utilities	$168 See report
Total	$9,379/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
6/14/25 Jun 14, 2025	Listed / Active	NORTHSTAR	$1,399,000

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This house located in Tonka Bay, MN 55331 is currently for sale for $1,399,000. 475 Lakeview Avenue is a 1,520 square foot house with 1 bed and 2 baths that has been on Estately for 4 days. This house is in the attendance area of Minnewashta Elementary School, Middle School West, and Minnetonka High School.

Listing Courtesy of: NORTHSTAR and RE/MAX Results.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.