$2,195,000

55 Fairhope Ave Tonka Bay, MN 55331

$10,000
Closing credit¹
4 beds
3 full, 1 partial
3,199 sqft
$686 / sqft
House

Property details

About 55 Fairhope Ave

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.

Highlights

Home typeSingle Family Residence
HeatingForced Air, Fireplace(s), Humidity Control, Radiant Floor, Zoned
StatusActive
CoolingCentral Air
Size3,199 sqft
BasementYes
Year built1952
ParkingAttached 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
MLS #6685388
Attached garage2 spaces
WaterfrontLake Front
FireplaceFamily Room, Gas, Living Room, Primary Bedroom
ViewBay, Other

Summary

  • MLS Number: 6685388
  • MLS Name: NORTHSTAR
  • Office Name: Compass

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rear view of house featuring a wooden deck and a hot tub

$2,195,000

55 Fairhope Ave

$10,000

closing credit¹

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Price information

Property sales

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Tax history

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Nearby schools

9

Excelsior Elementary

Public District KG-5

2.0 mi

441 Oak St

9

Minnewashta Elementary

Public District KG-5

2.4 mi

26350 Smithtown Rd

8

Deephaven Elementary

Public District KG-5

3.0 mi

4452 Vinehill Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $111,111. The most common annual income of people living in Tonka Bay, MN is between $35k-100k. Residents typically live in married, no kids family. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

14%
<35k
33%
35k-100k
30%
100k-200k
23%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

26%
Single, No Kids
9%
Single, with Kids
41%
Married, No Kids
24%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

13%
<11 yrs old
10%
12-17 yrs old
11%
18-34 yrs old
50%
35-64 yrs old
16%
65+ yrs old

What do the neighbors do for fun?

  • Skiing/snowboardingSkiing/snowboarding
  • Men's TennisMen's Tennis
  • Hiking/backpackingHiking/backpacking

Where do the neighbors shop?

  • NordstromNordstrom
  • BloomingdalesBloomingdales
  • Nordstrom RackNordstrom Rack

Where do the neighbors go to eat?

  • California Pizza KitchenCalifornia Pizza Kitchen
  • Bonefish GrillBonefish Grill
  • ChipotleChipotle

What do the neighbors drive?

  • BMWBMW
  • LexusLexus
  • MazdaMazda

What do the neighbors listen to?

  • Talk/PersonalityTalk/Personality
  • NewsNews
  • RockRock
All data provided by Home Junction and Claritas

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Frequently asked questions

About 55 Fairhope Ave

This home is located at 55 Fairhope Ave in Tonka Bay, MN and zip code 55331. This 3,199 square foot home was built in 1952. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 14, 2025 and is currently priced at $2,195,000.

From Rocket Homes Real Estate and based on county public records data.

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