475 Lakeview Avenue, Tonka Bay, MN 55331 - Photo 1

1/1

$1,250,000

Sold
Closed
Single Family
1 Bed
2 Partial Baths
1,520 Sq. Ft.
2 Car Garage

1/1

Property Description

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.

Full Property Details

Full Property Details for 475 Lakeview Ave

General

Sold For: $1,250,000
Taxes: $16,043 (2025)
Status: Closed
Type: Single Family
Source: NorthStarMLS_RMLS
MLS ID: 6730566
Added to Site: 219 day(s) ago

Parking

Garage: Yes
Garage Description: 22 x 31
Garage Spaces: 2
Parking Features: Detached, Concrete

School Information

School District: 276 - Minnetonka
High School District: Minnetonka

Heating & Cooling

Central air: Yes
Cooling Type: Central Air
Heating Type: Forced Air
Heating Fuel: Natural Gas

Utilities

Sewer: City Sewer Connected
Water: City Water (Connected)

Water Features

Water Front: Yes
Water Front Name: Minnetonka
Water Front Desc.: Lakefront, Lake View
Water Front Feet: 40
Water Front Slope: Level
Water Front Num: 27013300
Lake Front: Yes
Lake Acres: 14205
Lake Bottom: Hard, Sand
Lake Depth: 113

Financial Considerations

Tax Amount: $16,043
Tax Year: 2025
Terms: Contract, Conventional, Cash, Other

Disclosures and Reports

Legal Description: MINNETONKA LAKE PARK THAT PART OF A TRACT OF LAND LYING BET OKATO COURT AND MINNEKAMIN AVE IN LOT 3 SEC 27 DESC AS FOL COM ON N LINE OF MINNEKAMIN AVE AT A PT 45 FT W FROM W LINE OF GLADE AVE TH WLY ALONG MINNEKAMIN AVE 40 FT TH NLY AT RT ANGLES TO S LY LINE OF OKATO COURT TH ELY ALONG OKATO COURT 41 FT TO A PT DIS 40 FT ELY AT RT ANGLES FROM LAST LINE TH SLY TO BEG INCL ADJ 1/2 OF ST VAC EX PART TAKEN FOR ST ALSO INCL ADJ PART OF MINNEKAMIN AVE VACATED
Property ID: 2711723320016

Listed by RE/MAX Results
Sold by Compass

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Schools

Schools serving 475 Lakeview Ave

School District:Minnetonka Public School District

Name	Grades	Distance
Minnewashta Elementary School 26350 Smithtown Rd, Excelsior, MN 55331	K-5	1.9 mi
Minnetonka West Middle School 6421 Hazeltine Boulevard, Excelsior, MN 55331	6-8	1.8 mi
Minnetonka Senior High School 18301 Minnesota 7, Minnetonka, MN 55345	9-12	3.5 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 475 Lakeview Ave

Date

Details

Price

Change

Source

8/22/2025

Sold

$1,250,000

-7.34%

MLS

7/24/2025

Price Reduced

$1,349,000

-3.57%

MLS

6/14/2025

Listed

$1,399,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

5420 Mallard Ln, Excelsior, MN 55331 - Photo 1

Just Listed

$645,900

5420 Mallard Ln Excelsior, MN 55331

Multi-Family
Active
Updated 3 days ago

2
Units
6
Total Beds

Listed by Jason Bliss (952) 401-4700

19415 Vine Ridge Rd, Excelsior, MN 55331 - Photo 1

Just Listed

$749,900

19415 Vine Ridge Rd Excelsior, MN 55331

Single Family
Active
Updated 4 days ago

4
Beds
3
Total Baths
3,360
Sq. Ft.

Listed by RE/MAX Results

Just Listed

4032 Shoreline Dr Spring Park, MN 55384

Commercial Lease
Active
Updated 5 days ago

7,500
Sq. Ft.
0.29
Acres

Listed by Commercial Investors Group LLC

19900 Cottagewood Rd, Deephaven, MN 55331 - Photo 1

Just Listed

$2,995,000

19900 Cottagewood Rd Deephaven, MN 55331

Single Family
Active
Updated 2 days ago

5
Beds
6
Total Baths
5,690
Sq. Ft.

Listed by Matt Baker (612) 860-4222 and Ellyn Wolfenson (612) 644-3033

17820 Valley Cove Ct, Deephaven, MN 55391 - Photo 1

Price Reduced

-$15,000 (-2.86%)

$510,000

17820 Valley Cove Ct Deephaven, MN 55391

Townhouse
Active
Updated 2 days ago

3
Beds
3
Total Baths
2,417
Sq. Ft.

Listed by Celia Threlkeld (612) 867-8244

5103 Windsor Rd, Mound, MN 55364 - Photo 1

Price Reduced

-$2,000 (-1.09%)

$181,999

5103 Windsor Rd Mound, MN 55364

Lots/Land
Active
Updated 5 days ago

0.37
Acres

Listed by PlatLabs, LLC

1571 Bluebird Ln, Mound, MN 55364 - Photo 1

Price Reduced

-$20,000 (-1.9%)

$1,029,900

1571 Bluebird Ln Mound, MN 55364

Single Family
Active
Updated 8 hours ago

4
Beds
4
Total Baths
3,586
Sq. Ft.

Listed by RE/MAX Results

1525 Hemlock Way, Chanhassen, MN 55317 - Photo 1

Price Reduced

-$5,000 (-0.76%)

$649,900

1525 Hemlock Way Chanhassen, MN 55317

Single Family
Active
Updated 7 hours ago

4
Beds
4
Total Baths
2,956
Sq. Ft.

Listed by Emily Raguse (952) 300-0964

70 W Point Ave, Tonka Bay, MN 55331 - Photo 1

Sold

$1,200,000

70 W Point Ave Tonka Bay, MN 55331

Single Family
Closed

4
Beds
2
Total Baths
1,850
Sq. Ft.

Listed and Sold by Tim Beduhn

Sold

$1,255,000

4 1st St Excelsior, MN 55331

Townhouse
Closed

3
Beds
3
Total Baths
1,925
Sq. Ft.

Listed by Dominic Jankowski
Sold by Tim Beduhn

5660 Manitou Rd, Shorewood, MN 55331 - Photo 1

Sold

$1,175,000

5660 Manitou Rd Shorewood, MN 55331

Commercial
Closed

3,000
Sq. Ft.
0.75
Acres

Listed and Sold by Summerhill Commercial Real

205 Mill St, Excelsior, MN 55331 - Photo 1

Sold

$1,084,895

205 Mill St #S301 Excelsior, MN 55331

Condo
Closed

2
Beds
3
Total Baths
1,862
Sq. Ft.

Listed by Keller Williams Realty Integrity Lakes
Sold by Carolyn Olson

475 Lakeview Avenue, Tonka Bay, MN 55331 (MLS# 6730566) is a Single Family property that was sold at $1,250,000 on August 22, 2025. Want to learn more about 475 Lakeview Avenue? Do you have questions about finding other Single Family real estate for sale in Tonka Bay? You can browse all Tonka Bay real estate or contact a Coldwell Banker agent to request more information.

475 Lakeview Ave Tonka Bay, MN 55331