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  • $3,350,000

    365 Lakeview Ave, Tonka Bay, MN 55331

    4beds
    3,172sqft
    Single Family
    Built in 2020
    7,405 Square Feet Lot
    $3,349,900 Zestimate®
    $1,056/sqft
    $-- Estimated rent

    Home value

    $3,349,900

    $3.15M - $3.58M

    Not available

    Zestimate® history
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    What's special

    Welcome to 365 Lakeview Ave in Tonka Bay, an exceptional 4-bedroom, 4-bathroom Lake Minnetonka home with a heated 3-car garage, panoramic south-facing water views, and an outstanding setting directly on Gideon Bay. Positioned on a level, professionally landscaped lot with a beautiful riprap shoreline, lawn irrigation system, and excellent water quality, this property captures the best of Lake Minnetonka living with expansive lake views and a highly desirable orientation that provides abundant natural light throughout the day. The backyard is also an incredible vantage point for enjoying the Excelsior Bay 4th of July fireworks, creating a front-row lake experience without ever leaving home. Inside, the home offers a deluxe gourmet kitchen with high-end appliances, Cambria countertops, and an inviting layout designed for both everyday living and entertaining, while integrated Sonos ceiling speakers throughout the house create a seamless whole-home audio experience. The covered deck dramatically expands the living space outdoors and is equipped with radiant heaters, ceiling fans, speakers, Phantom Screens, and a TV hookup, making it an ideal place to relax or entertain throughout much of the year while overlooking Gideon Bay. All four bedrooms are conveniently located on the upper level, including a versatile fourth bedroom above the garage that could easily function as a recreation room, bonus room, media room, or additional family room depending on your needs. The heated 3-car garage is another standout feature, complete with in-floor heat for year-round comfort and exceptional storage. Outside, the professionally designed landscaping enhances the lakefront setting. The property is located next to a fire lane, creating a substantial amount of additional open space along the east side of the home and providing greater separation from the neighboring property. Beyond the home itself, this quiet and highly desirable Tonka Bay street offers an outstanding Lake Minnetonka lifestyle just a short walk from the Caribbean Marina area and lakeside dining, while nearby Wekota Park and Beach features a sandy Lake Minnetonka beach, playground, walking trail, picnic areas, basketball, one tennis court, and three pickleball courts. Tonka Bay is also ideally positioned just west of Excelsior, putting the shops, restaurants, waterfront amenities, and vibrant downtown Excelsior area within easy reach. With its prime Gideon Bay frontage, level lakeside lot, panoramic south-facing views, exceptional outdoor entertaining spaces, gourmet kitchen, four upper-level bedrooms, heated three-car garage, and walkable access to some of Tonka Bay's best recreation and lake amenities, 365 Lakeview Ave offers a rare opportunity to enjoy one of the most desirable lifestyles on Lake Minnetonka.

    Zillow last checked:

    Listing updated:

    Listed by:

    Ryan Fischer 612-888-6127,

    RE/MAX Results

    Bought with:

    Housley Homes

    Keller Williams Premier Realty

    Bethany Falch

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7051213MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 1
    • 3/4 bathrooms: 2
    • 1/2 bathrooms: 1
    Bedroom
    • Level: Upper
    Bedroom 2
    • Level: Upper
    Bedroom 3
    • Level: Upper
    Bedroom 4
    • Level: Upper
    Dining room
    • Level: Main
    Family room
    • Level: Main
    Kitchen
    • Level: Main
    Laundry
    • Level: Upper
    Living room
    • Level: Main
    Mud room
    • Level: Main
    Other
    • Level: Main
    Screened porch
    • Level: Main
    Heating
    • Forced Air, In-Floor Heating
    Cooling
    • Central Air
    Appliances
    • Included: Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Humidifier, Microwave, Refrigerator, Stainless Steel Appliance(s), Tankless Water Heater, Wall Oven, Washer, Water Softener Owned, Wine Cooler
    • Laundry: Laundry Room, Upper Level
    Features
    • Basement: None
    • Number of fireplaces: 1
    • Fireplace features: Gas, Living Room
    Interior area
    • Total structure area: 3,172
    • Total interior livable area: 3,172 sqft
    • Finished area above ground: 3,172
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 3
    • Parking features: Attached, Concrete, Garage, Garage Door Opener, Heated Garage, Storage
    • Attached garage spaces: 3
    • Has uncovered spaces: Yes
    • Details: Garage Dimensions (33x24)
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Covered, Deck, Front Porch, Porch, Screened
    • Pool features: None
    • Fencing: None
    • Has view: Yes
    • View description: Lake, Panoramic, South
    • Has water view: Yes
    • Water view: Lake
    • Waterfront features: Dock, Lake Front, Lake View, Waterfront Elevation(4-10), Lake Bottom(Sand)
    • Frontage length: Water Frontage: 62
    Lot
    • Size: 7,405 Square Feet
    • Dimensions: 50 x 132 x 62 x 162
    • Features: Tree Coverage - Light
    Details
    • Foundation area: 1384
    • Parcel number: 2711723310006
    • Zoning description: Residential-Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family
    Materials
    • Roof: Age 8 Years or Less,Architectural Shingle,Asphalt,Metal,Pitched
    Condition
    • New construction: No
    • Year built: 2020

    Utilities & green energy

    • Electric: Power Company: Xcel Energy
    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & HOA

    Community
    • Subdivision: Minnetonka Lake Park
    HOA
    • Has HOA: No
    Location
    • Region: Tonka Bay

    Financial & listing details

    • Price per square foot: $1,056/sqft
    • Tax assessed value: $2,589,600
    • Annual tax amount: $32,738
    • Date on market: 9/18/2026
    • Road surface type: Paved

    Price history

    DateEventPrice
    10/1/2026Sold$3,350,000$1,056/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7051213 Report a problem
    9/18/2026Pending sale$3,350,000+211.6%$1,056/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7051213 Report a problem
    4/30/2019Sold$1,075,000-2.3%$339/sqft
    Source: NorthstarMLS as distributed by MLS GRID #5145552 Report a problem
    4/24/2019Listed for sale$1,099,900$347/sqft
    Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5145552 Report a problem
    4/3/2019Pending sale$1,099,900$347/sqft
    Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5145552 Report a problem
    2/7/2019Listed for sale$1,099,900$347/sqft
    Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5145552 Report a problem
    11/30/2018Listing removed$1,099,900$347/sqft
    Source: Coldwell Banker Burnet - Eden Prairie #5003730 Report a problem
    9/13/2018Price change$1,099,900-4.3%$347/sqft
    Source: Coldwell Banker Burnet - Eden Prairie #5003730 Report a problem
    9/1/2018Price change$1,149,000-2.2%$362/sqft
    Source: Coldwell Banker Burnet - Wayzata #4924653 Report a problem
    6/11/2018Price change$1,175,000-6%$370/sqft
    Source: Coldwell Banker Burnet - Wayzata #4924653 Report a problem
    5/17/2018Listed for sale$1,250,000$394/sqft
    Source: Coldwell Banker Burnet #4924653 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026$32,738 +8.9%$2,589,600 +2.4%
    2025$30,060 +20.5%$2,528,200 +5.1%
    2024$24,936 +20.8%$2,406,000 +13.6%
    2023$20,634 -5.5%$2,118,300 +21.6%
    2022$21,830 +38.6%$1,742,000 +4.1%
    2021$15,750 +0.7%$1,674,000 +37.7%
    2020$15,635 -0.7%$1,216,000 +5.6%
    2019$15,750 +0.7%$1,152,000 +0.5%
    2018$15,635 +1.3%$1,146,000 +14.9%
    2017$15,436 +12.6%$997,000 +6.5%
    2016$13,707 +5.3%$936,000 +5.6%
    2015$13,015 +6%$886,000 +7.7%
    2014$12,276 +5%$823,000 -1.6%
    2013$11,689 -4.7%$836,000 -8.7%
    2012$12,261 +1.3%$916,000 -3.1%
    2011$12,104 +4.1%$945,000 -4.7%
    2010$11,632 +16.3%$992,000 +10.1%
    2009$10,003 +57.5%$900,900 +57.3%
    2006$6,352 +10.9%$572,900 +15%
    2005$5,727 +7.6%$498,200 +15%
    2004$5,324 +8.2%$433,300 +14.5%
    2002$4,923 -43.8%$378,400
    2001$8,759 --
    Find assessor info on the county website

    Neighborhood: 55331

    Nearby schools

    GreatSchools rating
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    Estimated market value

    $3,349,900

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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value

    $3,349,900