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 Residence
Built in 1952
0.59 Acres lot
$2,127,000 Zestimate®
$500/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: May 06, 2025 at 04:55pm
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 1
- 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, Radiant Floor, 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
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, Waterfront Num(27013300), Lake Bottom(Sand), Lake Acres(14205), Lake Depth(113)
- Body of water: Minnetonka
- 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 Residence
Materials
- Brick/Stone, Fiber Cement, Engineered Wood, Block, Frame
- Roof: Age Over 8 Years,Asphalt
Condition
- Age of Property: 73
- 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
Services availability
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Estimated market value
$2,127,000