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.
Closed
$1,250,000
475 Lakeview Ave, Tonka Bay, MN 55331
1beds
1,520sqft
Single Family Residence
Built in 1965
6,969.6 Square Feet Lot
$1,251,100 Zestimate®
$822/sqft
$2,794 Estimated rent
Home value
$1,251,100
$1.15M - $1.36M
$2,794/mo
Zestimate® history
Owner options
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$2,794/mo
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$2,794/mo
Rent Zestimate®
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$6,503/mo
Est. payment
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$6,503/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Kerby & Cristina Real Estate Experts 612-268-1637,
RE/MAX Results,
Amanda Peterson 763-591-6000
Bought with:
Sarah E Polovitz
Compass
Al Anderson
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6730566
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- 3/4 bathrooms: 2
Bedroom
- Level: Lower
Flex room
- Level: Main
Kitchen
- Level: Lower
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dryer, Microwave, Range, Refrigerator, Washer
- Laundry: Electric Dryer Hookup, Lower Level, Washer Hookup
Features
- Basement: Egress Window(s),Partially Finished,Sump Pump,Tile Shower
- Number of fireplaces: 2
- Fireplace features: Decorative, Gas
Interior area
- Total structure area: 1,520
- Total interior livable area: 1,520 sqft
- Finished area above ground: 928
- Finished area below ground: 592
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage, Concrete
- Garage spaces: 2
- Details: Garage Dimensions (22x31)
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Deck, Screened
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: Bay, Lake, South
- Has water view: Yes
- Water view: Bay,Lake
- Waterfront features: Lake Front, Lake View, Lake Bottom(Hard, Sand)
- Frontage length: Water Frontage: 40
Lot
- Size: 6,969 sqft
- Features: Accessible Shoreline, Tree Coverage - Heavy
Details
- Foundation area: 928
- Parcel number: 2711723320016
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Age 8 Years or Less,Asphalt,Pitched
Condition
- New construction: No
- Year built: 1965
Utilities & green 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 | $1,250,000-7.3%$822/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6730566 Report a problem | ||
| 8/1/2025 | Pending sale | $1,349,000$888/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6730566 Report a problem | ||
| 7/26/2025 | Listing removed | $1,349,000$888/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6730566 Report a problem | ||
| 7/25/2025 | Price change | $1,349,000-3.6%$888/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6730566 Report a problem | ||
| 6/14/2025 | Listed for sale | $1,399,000$920/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6730566 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $16,043 +19.4% | $1,308,100 -0.9% |
| 2024 | $13,439 +31.6% | $1,320,500 +21.4% |
| 2023 | $10,211 -7.1% | $1,087,500 +20.8% |
| 2022 | $10,989 +8% | $900,000 +2.2% |
| 2021 | $10,180 -4% | $881,000 +8.4% |
| 2020 | $10,607 +4.2% | $813,000 +10.6% |
| 2019 | $10,180 -4% | $735,000 -0.4% |
| 2018 | $10,607 +2% | $738,000 +7.6% |
| 2017 | $10,397 +14.8% | $686,000 +6.5% |
| 2016 | $9,058 +5.6% | $644,000 +6.6% |
| 2015 | $8,574 +7.6% | $604,000 +7.9% |
| 2014 | $7,966 +7.2% | $560,000 -0.4% |
| 2013 | $7,429 -6.9% | $562,000 -10.2% |
| 2012 | $7,984 +0.5% | $626,000 -3.5% |
| 2011 | $7,943 +5.3% | $649,000 -3.6% |
| 2010 | $7,545 +4% | $673,000 -0.5% |
| 2009 | $7,255 +66.7% | $676,100 +67.6% |
| 2006 | $4,351 +9.7% | $403,500 +15.3% |
| 2005 | $3,967 +8.9% | $350,000 +15% |
| 2004 | $3,642 +8.1% | $304,400 +15.3% |
| 2002 | $3,369 -41.1% | $264,100 |
| 2001 | $5,721 | -- |
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
$1,251,100
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Estimated market value
$1,251,100
- Minnesota
- Hennepin County
- Tonka Bay
- 55331
- 475 Lakeview Ave
Nearby cities
Nearby zip codes
Other Tonka Bay Topics
