Beautifully updated home on premier “A”-rated Gideon Bay of Lake Minnetonka with 60 feet of prime, south-facing shoreline and unobstructed lake views. Enjoy level, walk-out access to the water and abundant natural light throughout, thanks to all of the expansive windows. Renovated by Revision by Stonewood in 2018 and meticulously maintained, this home blends timeless charm with modern updates. The upper level features the primary suite with private bathroom, three bedrooms and an additional bathroom. The main level includes a flexible office or fifth bedroom, laundry/mudroom, and a full bathroom. The unfinished lower level offers ample storage. Outdoor and storage needs are met with both an attached 2-car garage and a large detached 26' x 27' 2-car garage—perfect for boats, lake toys, or extra vehicles. Newly built in 2022, the guest cottage provides an additional 226 sqft of living space for visitors, a home office, or creative pursuits. Enjoy dining and relaxing outdoors on the spacious lakeside patio that was updated in 2021. Located minutes from downtown Excelsior, Orono, Wayzata, and Chanhassen and within the award-winning Minnetonka School District. An exceptional opportunity to own a turnkey lakefront property in one of Lake Minnetonka’s most desirable locations.
Closed
$3,175,000
465 Lakeview Ave, Tonka Bay, MN 55331
4beds
2,440sqft
Single Family Residence
Built in 1990
0.31 Acres Lot
$2,840,800 Zestimate®
$1,301/sqft
$4,497 Estimated rent
Home value
$2,840,800
$2.53M - $3.21M
$4,497/mo
Zestimate® history
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List your homeWhat's special
South-facing shorelineUnobstructed lake viewsAbundant natural lightExpansive windowsSpacious lakeside patio
Zillow last checked:
Listing updated:
Listed by:
Max C Zinn 612-281-7060,
Coldwell Banker Realty,
Hans C Zinn 612-964-8111
Bought with:
Sarah E Polovitz
Compass
Al Anderson
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6748408
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 2
Bedroom
- Level: Upper
- Area: 168 Square Feet
- Dimensions: 14x12
Bedroom 2
- Level: Upper
- Area: 195 Square Feet
- Dimensions: 15x13
Bedroom 3
- Level: Upper
- Area: 195 Square Feet
- Dimensions: 15x13
Bedroom 4
- Level: Upper
- Area: 120 Square Feet
- Dimensions: 12x10
Dining room
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13x11
Other
- Level: Main
- Area: 187 Square Feet
- Dimensions: 17x11
Informal dining room
- Level: Main
- Area: 130 Square Feet
- Dimensions: 13x10
Kitchen
- Level: Main
- Area: 154 Square Feet
- Dimensions: 14x11
Laundry
- Level: Main
- Area: 70 Square Feet
- Dimensions: 10x7
Living room
- Level: Main
- Area: 247 Square Feet
- Dimensions: 19x13
Office
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12x11
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Gas Water Heater, Water Filtration System, Water Osmosis System, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer, Water Softener Owned
- Laundry: Gas Dryer Hookup, Laundry Room, Main Level, Washer Hookup
Features
- Basement: Drain Tiled,Full,Storage Space,Sump Pump,Unfinished
- Number of fireplaces: 1
- Fireplace features: Decorative, Gas
Interior area
- Total structure area: 2,440
- Total interior livable area: 2,440 sqft
- Finished area above ground: 2,440
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Attached, Detached Garage, Asphalt, Driveway - Other Surface, Garage Door Opener, Heated Garage, Insulated Garage, Multiple Garages, Storage
- Attached garage spaces: 4
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Pool features: None
- Fencing: Partial,Privacy,Wood
- Has view: Yes
- View description: South
- Waterfront features: Lake Front, Waterfront Elevation(0-4), Lake Bottom(Hard, Sand)
- Frontage length: Water Frontage: 60
Lot
- Size: 0.31 Acres
- Features: Accessible Shoreline, Tree Coverage - Light
Details
- Additional structures: Garage(s), Bunk House
- Foundation area: 1065
- Parcel number: 2711723230123
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Age Over 8 Years,Asphalt
Condition
- New construction: No
- Year built: 1990
Utilities & green energy
- Electric: Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Tonka Bay
- Subdivision: Minnetonka Lake Park
HOA & financial
HOA
- Has HOA: No
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/22/2025 | Sold | $3,175,000-3.8%$1,301/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6748408 Report a problem | ||
| 8/3/2025 | Pending sale | $3,300,000$1,352/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6748408 Report a problem | ||
| 7/19/2025 | Listed for sale | $3,300,000+165.7%$1,352/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6748408 Report a problem | ||
| 7/6/2017 | Sold | $1,242,000+1.4%$509/sqft |
Source: NorthstarMLS as distributed by MLS GRID #4830750 Report a problem | ||
| 6/2/2017 | Listed for sale | $1,225,000$502/sqft |
Source: Coldwell Banker Burnet - Minnetonka #4830750 Report a problem | ||
| 5/21/2017 | Pending sale | $1,225,000$502/sqft |
Source: Coldwell Banker Burnet - Minnetonka #4830750 Report a problem | ||
| 5/17/2017 | Listed for sale | $1,225,000-5.7%$502/sqft |
Source: Coldwell Banker Burnet - Minnetonka #4830750 Report a problem | ||
| 6/9/2016 | Listing removed | $1,299,000$532/sqft |
Source: Coldwell Banker Burnet - Wayzata #4654684 Report a problem | ||
| 2/25/2016 | Price change | $1,299,000-7.1%$532/sqft |
Source: Coldwell Banker Burnet - Wayzata #4654684 Report a problem | ||
| 10/17/2015 | Listed for sale | $1,399,000+0.3%$573/sqft |
Source: Coldwell Banker Burnet - Wayzata #4654684 Report a problem | ||
| 8/7/2015 | Listing removed | $1,395,000$572/sqft |
Source: Postlets Report a problem | ||
| 5/5/2015 | Listed for sale | $1,395,000+43.6%$572/sqft |
Source: Owner Report a problem | ||
| 1/29/2010 | Sold | $971,500-20.7%$398/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1580743 Report a problem | ||
| 7/11/2009 | Listing removed | $1,225,000$502/sqft |
Source: NRT Minneapolis #3655302 Report a problem | ||
| 3/8/2009 | Price change | $1,225,000-9.3%$502/sqft |
Source: NRT Minneapolis #3655302 Report a problem | ||
| 1/29/2009 | Listed for sale | $1,350,000-9.7%$553/sqft |
Source: VLS Homes Report a problem | ||
| 11/27/2008 | Listing removed | $1,495,000$613/sqft |
Source: VLS Homes Report a problem | ||
| 9/28/2008 | Listed for sale | $1,495,000$613/sqft |
Source: VLS Homes Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $26,505 +24.5% | $2,199,100 +3.2% |
| 2024 | $21,282 +17.1% | $2,130,600 +17.1% |
| 2023 | $18,171 -5.3% | $1,819,000 +17.9% |
| 2022 | $19,192 +6.8% | $1,543,000 +4.2% |
| 2021 | $17,975 +4% | $1,481,000 +7.6% |
| 2020 | $17,292 -3.8% | $1,377,000 +8.8% |
| 2019 | $17,975 +4% | $1,266,000 +3.6% |
| 2018 | $17,292 +18.5% | $1,222,000 +28.1% |
| 2017 | $14,596 +11.7% | $954,000 +5.9% |
| 2016 | $13,064 +4.6% | $901,000 +5.3% |
| 2015 | $12,484 +5.6% | $856,000 +6.6% |
| 2014 | $11,818 +3.9% | $803,000 -1.6% |
| 2013 | $11,378 -8.4% | $816,000 -12% |
| 2012 | $12,424 -0.3% | $927,000 -4.4% |
| 2011 | $12,455 -0.8% | $970,000 -8.8% |
| 2010 | $12,555 +5.5% | $1,064,000 +0.8% |
| 2009 | $11,898 +49.9% | $1,055,900 +52.1% |
| 2006 | $7,935 +10.5% | $694,400 +15% |
| 2005 | $7,184 +10.3% | $603,900 +15% |
| 2004 | $6,515 +7.1% | $525,200 +13% |
| 2002 | $6,084 -44.3% | $464,600 |
| 2001 | $10,926 | -- |
Find assessor info on the county website
Neighborhood: 55331
Nearby schools
GreatSchools rating
- 9/10Minnewashta Elementary SchoolGrades: K-5Distance: 1.9 mi
- 9/10Minnetonka West Middle SchoolGrades: 6-8Distance: 1.9 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 3.5 mi
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Estimated market value
$2,840,800
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Estimated market value
$2,840,800
- Minnesota
- Hennepin County
- Tonka Bay
- 55331
- 465 Lakeview Ave
Nearby cities
Nearby zip codes
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