Don’t miss this beautifully updated Tonka Bay gem, ideally located across the street from Manitou Park and just minutes from Lake Minnetonka, the LRT Trail, and charming downtown Excelsior. You’ll fall in love with this thoughtfully updated 4-bedroom, 2-bath home that blends modern improvements with timeless character.
The kitchen was completely taken down to the studs and renovated in 2017, featuring white cabinetry, stainless steel appliances, quartz countertops, and tile backsplash—along with updated plumbing, electrical, and added ductwork for peace of mind. Hardwood floors throughout the main level add warmth and continuity. New carpet in the sunroom and on the stairs (2023) creates another level of texture.
The lower level was fully transformed in 2022, adding exceptional versatility. This includes an office with a built-in daybed, custom cabinetry, and a desk nook, plus a spacious recreation room offering a second living area, custom built-in bar with beverage fridge, playroom, and spacious fourth bedroom. The laundry room provides ample storage, and the breezeway offers a fantastic opportunity to add instant equity. New HVAC 2022.
Move-in ready and located in the award-winning Minnetonka School District—this is one you won’t want to miss. Welcome home!
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$550,000
5339 Manitou Rd, Tonka Bay, MN 55331
4beds
2,647sqft
Single Family Residence
Built in 1958
0.42 Acres Lot
$561,900 Zestimate®
$208/sqft
$3,551 Estimated rent
Home value
$561,900
$517,000 - $607,000
$3,551/mo
Zestimate® history
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$3,546/mo
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Stainless steel appliancesTile backsplashWhite cabinetryQuartz countertopsSpacious fourth bedroom
Zillow last checked:
Listing updated:
Listed by:
Jennifer L Wolff 952-237-3461,
Coldwell Banker Realty
Bought with:
Luke Chase
RE/MAX Results
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7007234
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Bedroom
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Bedroom 2
- Level: Main
- Area: 135.72 Square Feet
- Dimensions: 11.6x11.7
Bedroom 3
- Level: Main
- Area: 90 Square Feet
- Dimensions: 10x9
Bedroom 4
- Level: Lower
- Area: 180 Square Feet
- Dimensions: 12x15
Other
- Level: Lower
- Area: 144 Square Feet
- Dimensions: 9.6x15
Deck
- Level: Main
- Area: 130 Square Feet
- Dimensions: 13x10
Dining room
- Level: Main
- Area: 140 Square Feet
- Dimensions: 14x10
Family room
- Level: Lower
- Area: 276 Square Feet
- Dimensions: 23x12
Kitchen
- Level: Main
- Area: 140 Square Feet
- Dimensions: 14x10
Living room
- Level: Main
- Area: 210 Square Feet
- Dimensions: 15x14
Office
- Level: Lower
- Area: 180 Square Feet
- Dimensions: 15x12
Play room
- Level: Lower
- Area: 204 Square Feet
- Dimensions: 17x12
Sun room
- Level: Main
- Area: 208 Square Feet
- Dimensions: 16x13
Heating
- Ductless Mini-Split, Forced Air
Cooling
- Central Air, Ductless Mini-Split
Appliances
- Included: Air-To-Air Exchanger, Dishwasher, Dryer, Exhaust Fan, Humidifier, Gas Water Heater, Microwave, Range, Refrigerator, Washer
- Laundry: Lower Level, Laundry Room, Sink
Features
- Basement: Block,Drain Tiled,Egress Window(s),Finished,Storage Space,Sump Pump,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 2,647
- Total interior livable area: 2,647 sqft
- Finished area above ground: 1,290
- Finished area below ground: 969
Property
Parking
- Total spaces: 2
- Parking features: Attached, Asphalt, Garage Door Opener
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Porch, Rear Porch
- Pool features: None
Lot
- Size: 0.42 Acres
- Dimensions: 113 x 184 x 40 x 100 x 128
- Features: Near Public Transit, Tree Coverage - Medium
Details
- Additional structures: Storage Shed
- Foundation area: 1120
- Parcel number: 2811723430070
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block, Concrete
- Roof: Age Over 8 Years,Asphalt,Pitched
Condition
- New construction: No
- Year built: 1958
Utilities & green energy
- Electric: 100 Amp Service, Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Tonka Bay
Financial & listing details
- Price per square foot: $208/sqft
- Tax assessed value: $462,800
- Annual tax amount: $5,166
- Date on market: 1/13/2026
- Cumulative days on market: 5 days
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 2/26/2026 | Sold | $550,000+2.8%$208/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7007234 Report a problem | ||
| 1/18/2026 | Pending sale | $535,000$202/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7007234 Report a problem | ||
| 1/13/2026 | Listed for sale | $535,000+127.7%$202/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7007234 Report a problem | ||
| 6/1/2016 | Sold | $235,000-1.5%$89/sqft |
Source: NorthstarMLS as distributed by MLS GRID #4664875 Report a problem | ||
| 4/11/2016 | Price change | $238,500-0.4%$90/sqft |
Source: Counselor Realty, Inc. #4664875 Report a problem | ||
| 3/22/2016 | Price change | $239,500-1.2%$90/sqft |
Source: Counselor Realty, Inc. #4664875 Report a problem | ||
| 3/16/2016 | Price change | $242,500-1%$92/sqft |
Source: Counselor Realty, Inc. #4664875 Report a problem | ||
| 2/29/2016 | Price change | $245,000-0.8%$93/sqft |
Source: Counselor Realty, Inc. #4664875 Report a problem | ||
| 2/22/2016 | Price change | $247,000-0.8%$93/sqft |
Source: Counselor Realty, Inc. #4664875 Report a problem | ||
| 2/11/2016 | Listed for sale | $249,000$94/sqft |
Source: Counselor Realty, Inc. #4664875 Report a problem | ||
| 12/21/2015 | Listing removed | $249,000$94/sqft |
Source: Counselor Realty, Inc. #4664875 Report a problem | ||
| 10/20/2015 | Price change | $249,000-3.9%$94/sqft |
Source: Counselor Realty, Inc. #4640045 Report a problem | ||
| 9/1/2015 | Price change | $259,000-5.8%$98/sqft |
Source: Counselor Realty #4640045 Report a problem | ||
| 7/16/2015 | Price change | $275,000-4.8%$104/sqft |
Source: Counselor Realty #4605226 Report a problem | ||
| 6/2/2015 | Listed for sale | $289,000$109/sqft |
Source: Counselor Realty #4605226 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,916 +3.4% | $462,800 +1.6% |
| 2024 | $4,755 +10% | $455,300 -0.9% |
| 2023 | $4,321 +27.8% | $459,300 +11.8% |
| 2022 | $3,382 +7.3% | $411,000 +37% |
| 2021 | $3,151 +2.4% | $300,000 +7.9% |
| 2020 | $3,077 -2.3% | $278,000 +6.9% |
| 2019 | $3,151 +2.4% | $260,000 +1.2% |
| 2018 | $3,077 +2.1% | $257,000 +9.4% |
| 2017 | $3,013 +7.7% | $235,000 +5.4% |
| 2016 | $2,797 +4.4% | $223,000 |
| 2015 | $2,679 +0.3% | $223,000 +6.7% |
| 2014 | $2,670 +7% | $209,000 +0.5% |
| 2013 | $2,496 -0.5% | $208,000 -5% |
| 2012 | $2,508 +2.9% | $219,000 -1.8% |
| 2011 | $2,436 +2.5% | $223,000 -6.3% |
| 2010 | $2,378 +4.2% | $238,000 -0.4% |
| 2009 | $2,282 -1.2% | $239,000 +4.4% |
| 2006 | $2,309 +8.9% | $229,000 +13.9% |
| 2005 | $2,120 +6.1% | $201,000 +11.9% |
| 2004 | $1,997 +6.6% | $179,700 +12% |
| 2002 | $1,874 -42.7% | $160,500 |
| 2001 | $3,267 | -- |
Find assessor info on the county website
Neighborhood: 55331
Nearby homes
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Nearby schools
GreatSchools rating
- 9/10Minnewashta Elementary SchoolGrades: K-5Distance: 1.3 mi
- 9/10Minnetonka West Middle SchoolGrades: 6-8Distance: 1.6 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 4 mi
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Estimated market value
$561,900
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Estimated market value
$561,900
- Minnesota
- Hennepin County
- Tonka Bay
- 55331
- 5339 Manitou Rd
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