This is a gem on Lake Minnetonka. Nestled on a quiet cove off Gideon's Bay, you will find this exceptional, architecturally designed home. Designed by owner and architect Kilstofte, the home was built with unparalleled craftsmanship and has timeless appeal. Set on a serene .72-acre lot, the property is perfectly sited and offers breathtaking, long and peaceful views of Lake Minnetonka. A sanctuary for nature lovers, you will enjoy frequent visits from Mallard ducks, loons, and majestic bald eagles.
The layout is designed to embrace the beauty of its surroundings, with expansive windows offering sweeping views of the tranquil bay and lake, seamlessly blending the indoor living spaces with the natural beauty outside.
The interior of the home is painted in neutral colors and offers a calm and natural tranquility. The main level features gorgeous Cumaru plank floors, a South American hardwood. The bathrooms were beautifully updated and include luxurious subway-tiled showers and heated tile floors.
The chef-inspired kitchen is well equipped, with stainless steel appliances, extensive cabinetry and an expansive peninsula with granite countertops, ideal for the home chef. It’s perfect for quiet meals at home or entertaining friends and family with beautiful lake views in the backdrop.
Outdoors, the property offers even more to enjoy—a large deck, lush gardens, a rain garden, and a private island. The island is shared with one neighbor and offers a gathering space, firepit and an all season, private dock on Lake Minnetonka. Whether you’re boating, fishing, or simply relaxing by the water, this property offers the perfect setting to unwind and enjoy the best of lakeside living.
Every detail of this home has been meticulously maintained, with significant updates including a new roof, new windows, and new HVAC system. Lakeside, a footbridge will bring you to the island where you will find a boat dock, lift and shore power.
Whether you’re savoring the peaceful setting or enjoying all that Lake Minnetonka has to offer, this property is a true sanctuary—an extraordinary opportunity to own a home in one of the most coveted locations, just minutes from the historic Village of Excelsior.
Closed
$1,745,000
50 Highland Ave, Tonka Bay, MN 55331
4beds
4,146sqft
Single Family Residence
Built in 1987
0.72 Acres Lot
$1,793,700 Zestimate®
$421/sqft
$5,544 Estimated rent
Home value
$1,793,700
$1.63M - $1.97M
$5,544/mo
Zestimate® history
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Private islandHeated tile floorsQuiet coveExpansive windowsLush gardensStainless steel appliancesLarge deck
Zillow last checked:
Listing updated:
Listed by:
Sharla K Stafford 612-282-6895,
Coldwell Banker Realty,
Eric D Stafford 952-221-7751
Bought with:
Roxanne Soderquist
Bridge Realty, LLC
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6626955
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 2
Bedroom
- Level: Upper
- Area: 240 Square Feet
- Dimensions: 20 x 12
Bedroom 2
- Level: Upper
- Area: 221 Square Feet
- Dimensions: 17 x 13
Bedroom 3
- Level: Upper
- Area: 165 Square Feet
- Dimensions: 15 x 11
Bedroom 4
- Level: Upper
- Area: 143 Square Feet
- Dimensions: 13 x 11
Dining room
- Level: Main
- Area: 204 Square Feet
- Dimensions: 17 x 12
Family room
- Level: Main
- Area: 375 Square Feet
- Dimensions: 25 x 15
Family room
- Level: Lower
- Area: 375 Square Feet
- Dimensions: 25 x 15
Game room
- Level: Lower
- Area: 204 Square Feet
- Dimensions: 17 x 12
Informal dining room
- Level: Main
- Area: 154 Square Feet
- Dimensions: 14 x 11
Kitchen
- Level: Main
- Area: 117 Square Feet
- Dimensions: 13 x 9
Laundry
- Level: Lower
- Area: 98 Square Feet
- Dimensions: 14 x 7
Office
- Level: Lower
- Area: 210 Square Feet
- Dimensions: 15 x 14
Sun room
- Level: Main
- Area: 210 Square Feet
- Dimensions: 15 x 14
Heating
- Forced Air, In-Floor Heating
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Humidifier, Range, Refrigerator, Stainless Steel Appliance(s), Wall Oven, Washer, Water Softener Owned
- Laundry: Lower Level, Laundry Room
Features
- Basement: Block,Full,Tile Shower,Walk-Out Access
- Number of fireplaces: 3
- Fireplace features: Family Room, Gas, Living Room, Wood Burning
Interior area
- Total structure area: 4,146
- Total interior livable area: 4,146 sqft
- Finished area above ground: 2,796
- Finished area below ground: 1,350
Property
Parking
- Total spaces: 3
- Parking features: Attached, Asphalt, Shared Driveway, Garage Door Opener, Storage, Tuckunder Garage
- Attached garage spaces: 3
- Has uncovered spaces: Yes
- Details: Garage Dimensions (34 x 24), Garage Door Height (7)
Accessibility
- Accessibility features: None
Features
- Levels: Modified Two Story
- Stories: 2
- Patio & porch: Deck, Porch
- Pool features: None
- Has view: Yes
- View description: Bay, Lake
- Has water view: Yes
- Water view: Bay,Lake
- Waterfront features: Dock, Lake Front, Lake View, Waterfront Elevation(4-10)
- Frontage length: Water Frontage: 89
Lot
- Size: 0.72 Acres
- Dimensions: 177 x 89 x 150 x 101 x 98
- Features: Tree Coverage - Medium
Details
- Foundation area: 1647
- Parcel number: 2811723140048
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block, Frame
- Roof: Age 8 Years or Less,Asphalt,Flat,Pitched,Rubber
Condition
- New construction: No
- Year built: 1987
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
- Utilities for property: Underground Utilities
Community & HOA
Community
- Subdivision: Gideons Bay Woods
HOA
- Has HOA: No
Location
- Region: Tonka Bay
Financial & listing details
- Price per square foot: $421/sqft
- Tax assessed value: $1,647,600
- Annual tax amount: $13,943
- Date on market: 11/8/2024
- Cumulative days on market: 2 days
Price history
| Date | Event | Price |
|---|---|---|
| 1/7/2025 | Sold | $1,745,000+0.6%$421/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6626955 Report a problem | ||
| 11/15/2024 | Pending sale | $1,735,000+105.3%$418/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6626955 Report a problem | ||
| 3/1/2013 | Sold | $845,000-9%$204/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1968158 Report a problem | ||
| 10/11/2012 | Listing removed | $929,000$224/sqft |
Source: Edina Realty, Inc. #1050098 Report a problem | ||
| 10/7/2012 | Listed for sale | $929,000$224/sqft |
Source: Edina Realty, Inc. #1050098 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $16,623 +19.2% | $1,647,600 +20.7% |
| 2024 | $13,943 -1% | $1,365,400 +12.1% |
| 2023 | $14,086 +2.5% | $1,218,000 +0.4% |
| 2022 | $13,737 -4.8% | $1,213,000 +12.1% |
| 2021 | $14,423 +4.4% | $1,082,000 -3.4% |
| 2020 | $13,818 -4.2% | $1,120,000 +9.1% |
| 2019 | $14,423 +4.4% | $1,027,000 +3.7% |
| 2018 | $13,818 +13.3% | $990,000 +9.4% |
| 2017 | $12,195 -1.1% | $905,000 +6.3% |
| 2016 | $12,332 +5.2% | $851,000 |
| 2015 | $11,723 -0.2% | $851,000 -3% |
| 2014 | $11,742 -11.2% | $877,000 -6.2% |
| 2013 | $13,229 -0.3% | $935,000 -5% |
| 2012 | $13,264 -9% | $984,000 -12.2% |
| 2011 | $14,578 +1.1% | $1,121,000 -7.3% |
| 2010 | $14,413 +1% | $1,209,000 -3.3% |
| 2009 | $14,270 +28.4% | $1,250,000 +33.2% |
| 2006 | $11,114 +9.9% | $938,500 +15% |
| 2005 | $10,115 +9.6% | $816,100 +15% |
| 2004 | $9,232 +6.8% | $709,700 +12% |
| 2002 | $8,641 -43.4% | $633,700 |
| 2001 | $15,279 | -- |
Find assessor info on the county website
Neighborhood: 55331
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Nearby schools
GreatSchools rating
- 9/10Minnewashta Elementary SchoolGrades: K-5Distance: 1.7 mi
- 9/10Minnetonka West Middle SchoolGrades: 6-8Distance: 2.1 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 3.8 mi
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Estimated market value
$1,793,700
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Estimated market value
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- Minnesota
- Hennepin County
- Tonka Bay
- 55331
- 50 Highland Ave
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