Extraordinary opportunity to live surrounded by Lake Minnetonka! This property features over 100 feet of quiet water shoreline for a year-round dock and canopy, plus an additional 70 feet of sandy shoreline with a beach area, fire pit, and private swimming hole right off your back deck. The interior was beautifully remodeled in 2021, boasting new Cambria countertops, fresh interior and exterior paint, a refreshed primary bath, new doors and trim, a backup generator, and a hot tub—plus much more. Designed for both living and entertaining, the home includes a lower-level pub with heated floors, four bedrooms upstairs, and an additional living room with stunning lake views. A spacious top-floor bonus room offers even more flexibility. Don’t miss the recently insulated and sheetrocked loft above the garage—ideal for a private office or workout space. Located in the Minnetonka School District, within the sought-after Minnewashta Elementary boundary.
Closed
$2,120,000
55 Fairhope Ave, Tonka Bay, MN 55331
4beds
4,237sqft
Single Family
Built in 1952
0.59 Acres Lot
$2,130,900 Zestimate®
$500/sqft
$5,687 Estimated rent
Home value
$2,130,900
$1.96M - $2.32M
$5,687/mo
Zestimate® history
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$13,844/mo
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List your homeWhat's special
Hot tubSpacious top-floor bonus roomPrivate swimming holeStunning lake viewsFire pitNew cambria countertopsBackup generator
Zillow last checked:
Listing updated:
Listed by:
Andrew Spilseth 612-396-2951,
Compass,
T. Cody Turnquist 612-578-1093
Bought with:
Dan Hollerman
Compass
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6685388
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Bedroom
- Level: Upper
- Area: 216 Square Feet
- Dimensions: 18x12
Bedroom 2
- Level: Upper
- Area: 156 Square Feet
- Dimensions: 13x12
Bedroom 3
- Level: Upper
- Area: 132 Square Feet
- Dimensions: 12x11
Bedroom 4
- Level: Upper
- Area: 120 Square Feet
- Dimensions: 12x10
Other
- Level: Lower
- Area: 140 Square Feet
- Dimensions: 14x10
Dining room
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Family room
- Level: Lower
- Area: 234 Square Feet
- Dimensions: 18x13
Kitchen
- Level: Main
- Area: 154 Square Feet
- Dimensions: 14x11
Living room
- Level: Upper
- Area: 225 Square Feet
- Dimensions: 15x15
Mud room
- Level: Main
- Area: 56 Square Feet
- Dimensions: 8x7
Storage
- Level: Lower
- Area: 391 Square Feet
- Dimensions: 23x17
Heating
- Forced Air, Fireplace(s), Humidifier, In-Floor Heating, Zoned
Cooling
- Central Air
Appliances
- Included: Air-To-Air Exchanger, Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Humidifier, Gas Water Heater, Range, Refrigerator, Stainless Steel Appliance(s), Water Softener Owned
- Laundry: Main Level
Features
- Basement: Block,Drain Tiled,Finished,Partially Finished,Sump Pump
- Number of fireplaces: 3
- Fireplace features: Family Room, Gas, Living Room, Primary Bedroom
Interior area
- Total structure area: 4,237
- Total interior livable area: 4,237 sqft
- Finished area above ground: 2,704
- Finished area below ground: 495
Property
Parking
- Total spaces: 2
- Parking features: Attached, Concrete, Driveway - Other Surface, Electric, Electric Vehicle Charging Station(s), Garage Door Opener, Heated Garage, Insulated Garage, Garage, More Parking Onsite for Fee, Storage
- Attached garage spaces: 2
- Has uncovered spaces: Yes
- Details: Garage Dimensions (20x20), Garage Door Height (7)
Accessibility
- Accessibility features: None
Features
- Levels: Four or More Level Split
- Patio & porch: Front Porch, Patio, Rear Porch
- Fencing: None
- Has view: Yes
- View description: Bay, North, South
- Has water view: Yes
- Water view: Bay
- Waterfront features: Lake Front, Lake Bottom(Sand)
- Frontage length: Water Frontage: 194
Lot
- Size: 0.59 Acres
- Features: Accessible Shoreline
Details
- Foundation area: 1038
- Parcel number: 2111723410052
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Block, Frame
- Roof: Age Over 8 Years,Asphalt
Condition
- New construction: No
- Year built: 1952
Utilities & green energy
- Electric: Circuit Breakers, 200+ Amp Service
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Tonka Bay
- Subdivision: Tonka Fairhope
HOA & financial
HOA
- Has HOA: No
Price history
| Date | Event | Price |
|---|---|---|
| 4/18/2025 | Sold | $2,120,000-3.4%$500/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6685388 Report a problem | ||
| 3/21/2025 | Pending sale | $2,195,000$518/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6685388 Report a problem | ||
| 3/14/2025 | Listed for sale | $2,195,000+20.3%$518/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6685388 Report a problem | ||
| 8/18/2021 | Sold | $1,825,000+4.3%$431/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6016304 Report a problem | ||
| 7/12/2021 | Pending sale | $1,750,000$413/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6016304 Report a problem | ||
| 7/9/2021 | Listed for sale | $1,750,000+28%$413/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6016304 Report a problem | ||
| 7/31/2020 | Sold | $1,367,480-2.3%$323/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5283869 Report a problem | ||
| 6/17/2020 | Pending sale | $1,400,000$330/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5283869 Report a problem | ||
| 5/29/2020 | Listed for sale | $1,400,000+1.8%$330/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5283869 Report a problem | ||
| 8/25/2019 | Listing removed | $1,375,000$325/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5257033 Report a problem | ||
| 7/26/2019 | Price change | $1,375,000-1.8%$325/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5257033 Report a problem | ||
| 7/9/2019 | Price change | $1,400,000+0.1%$330/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5257033 Report a problem | ||
| 4/7/2019 | Price change | $1,399,000-5.2%$330/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5010799 Report a problem | ||
| 3/8/2019 | Listed for sale | $1,475,000+29.4%$348/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5010799 Report a problem | ||
| 7/10/2013 | Sold | $1,140,000+101.8%$269/sqft |
Source: Public Record Report a problem | ||
| 3/9/2004 | Sold | $565,000$133/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $22,977 +14.1% | $1,959,400 +5.5% |
| 2024 | $20,139 +7.6% | $1,857,400 +7.7% |
| 2023 | $18,716 +7.5% | $1,725,400 +8.7% |
| 2022 | $17,414 -23.6% | $1,587,000 +17.5% |
| 2021 | $22,785 +19.7% | $1,351,000 -21.7% |
| 2020 | $19,037 -16.5% | $1,725,000 +24.5% |
| 2019 | $22,785 +19.7% | $1,386,000 +2.6% |
| 2018 | $19,037 +28.1% | $1,351,000 +29.8% |
| 2017 | $14,861 +3.5% | $1,041,000 +0.9% |
| 2016 | $14,365 -0.8% | $1,032,000 |
| 2015 | $14,475 -0.2% | $1,032,000 +57.8% |
| 2014 | $14,507 +41.7% | $654,000 -2.4% |
| 2013 | $10,236 +2.4% | $670,000 -0.3% |
| 2012 | $9,998 +8.2% | $672,000 -9.3% |
| 2011 | $9,237 -4.2% | $741,000 -11.5% |
| 2010 | $9,647 +3.2% | $837,000 -1.2% |
| 2009 | $9,344 +43.2% | $847,000 +44.5% |
| 2006 | $6,526 +16.3% | $586,200 +20.1% |
| 2005 | $5,610 +7.6% | $488,000 +15% |
| 2004 | $5,215 +5.7% | $424,400 +12% |
| 2002 | $4,932 -37.7% | $379,000 |
| 2001 | $7,915 | -- |
Find assessor info on the county website
Neighborhood: 55331
Nearby schools
GreatSchools rating
- 9/10Minnewashta Elementary SchoolGrades: K-5Distance: 2.3 mi
- 9/10Minnetonka West Middle SchoolGrades: 6-8Distance: 2.7 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 3.8 mi
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Estimated market value
$2,130,900
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Estimated market value
$2,130,900
- Minnesota
- Hennepin County
- Tonka Bay
- 55331
- 55 Fairhope Ave
Nearby cities
Nearby zip codes
Other Tonka Bay Topics
