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55 Fairhope Avenue

Tonka Bay, MN 55331

4 beds
4 baths
3,199 sqft
~1/2 acre lot
$686 per sqft
1952 build
– on site

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.

Listing courtesy of NORTHSTAR / Andrew Spilseth / Compass

Last checked: Checking… • Last updated Apr 1, 2025 •

MLS# 6685388 —

The Building

Year Built:

1952
New Construction:

false
Age Of Property:

73
Construction Materials:

Brick/Stone, Fiber Cement, Engineered Wood
Construction Materials Desc:

Block,Frame
Roof:

Age Over 8 Years, Asphalt
Accessibility Features:

None
Levels:

Four or More Level Split
Main Level Finished Area:

1038.0000
Basement:

Block, Drain Tiled, Finished, Partially Finished, Sump Pump
Basement:

true
Foundation Area:

1038
Manufactured Home:

No
Building Area Total:

4237
Above Grade Finished Area:

2704
Below Grade Finished Area:

495

Interior

Dining Room Description:

Eat In Kitchen,Informal Dining Room
Fireplace:

true
Fireplaces Total:

3
Fireplace Features:

Family Room, Gas, Living Room, Primary Bedroom
Amenities:

Ceiling Fan(s),Deck,Dock,Hardwood Floors,Hot Tub,Kitchen Center Island,Kitchen Window,Natural Woodwork,Boat Slip,In-Ground Sprinkler,Tile Floors,Vaulted Ceiling(s),Wet Bar,Walk-In Closet

Room Dimensions

Living Area:

3199

Location

Directions:

County Road 19/Manitou Road to W. Point Road to left on Fairhope Ave.
Latitude:

44.92513
Longitude:

-93.585174

The Property

Parcel Number:

2111723410052
Zoning Description:

Residential-Single Family
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Attached:

false
Additional Parcels:

false
Lot Features:

Accessible Shoreline
Lot Size Area:

0.59
Lot Size Dimensions:

Irregular
Lot Size SqFt:

25700.4
Lot Size Units:

Acres
View:

Bay, North, South
Lake Chain:

N
Lake Acres:

14205
Lake Depth:

113
Lake Bottom:

Sand
Water Body Name:

Minnetonka
Waterfront Slope:

Level
Waterfront Feet:

194
Road Between Waterfront and Home:

No
Road Frontage Type:

City Street
Road Responsibility:

Public Maintained Road
Fencing:

None
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

22977
Tax With Assessments:

22976.7000

Beds

Bedrooms Total:

4

Baths

Total Baths:

4
Bath Description:

Full Primary,Private Primary,Main Floor 1/2 Bath,Upper Level Full Bath
Full Baths:

3
Half Baths:

1

Heating & Cooling

Heating:

Forced Air, Fireplace(s), Humidifier, Radiant Floor, Zoned
Cooling:

Central Air

Utilities

Electric:

Circuit Breakers, 200+ Amp Service
Sewer:

City Sewer/Connected

Appliances

Appliances:

Air-To-Air Exchanger, Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Humidifier, Gas Water Heater, Range, Refrigerator, Stainless Steel Appliances, Water Softener Owned

Schools

High School District:

Minnetonka

The Community

Subdivision Name:

Tonka Fairhope
Waterfront:

true
Waterfront Features:

Lake Front
Association:

false
Assessment Pending:

No

Parking

Parking Features:

Attached Garage, Concrete, Driveway - Other Surface, Electric, Electric Vehicle Charging Station(s), Garage Door Opener, Heated Garage, Insulated Garage, Parking Garage, More Parking Onsite for Fee, Storage
Garage Spaces:

2
Garage Door Height:

7
Garage Dimensions:

20x20
Garage SqFt:

400

Monthly cost estimate

Asking price

$2,195,000

Expense	Monthly cost
Mortgage	$11,753
Taxes	$1,914
Insurance	$603
Utilities	$209 See report
Total	$14,479/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
3/20/25 Mar 20, 2025	Pending	NORTHSTAR	$2,195,000
3/14/25 Mar 14, 2025	Listed / Active	NORTHSTAR	$2,195,000	20.3% (5.7% / YR)
8/18/21 Aug 18, 2021		NORTHSTAR	$1,825,000	4.3%

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This house located in Tonka Bay, MN 55331 is currently pending sale for $2,195,000. 55 Fairhope Avenue is a 3,199 square foot house with 4 beds and 4 baths that has been on Estately for 33 days. This house is in the attendance area of Minnewashta Elementary School, Middle School West, and Minnetonka High School.

Listing Courtesy of: NORTHSTAR and Compass.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.