5516 Tonkawood Rd Mound, MN 55364
Property details
About 5516 Tonkawood Rd
Welcome to a standout property in a prime Mound location—just steps from Belmont Park and a block from Lake Minnetonka’s Harrisons Bay! Own for less than rent, house hacking at its finest! Owner occupied or straight investment options. This flexible 4BR/2BA home offers tons of potential with updated mechanicals, a two-car garage, and separate laundry on both levels. Inside you’ll find a mix of modern updates and classic charm—stainless appliances, hardwood floors, tile accents, and generous storage throughout. With a layout ideal for either single-family living or a duplex setup, this home is perfect for both homeowners and investors. So many possibilities in a location that’s tough to beat!
Highlights
Summary
- Basement: Yes
- Garage Space: 2 spaces
- Attached Garage: No
- Parking: Detached, Asphalt, Garage Door Opener, Shared Garage/Stall, Storage
- Waterfront: Lake
- View: City Lights, Lake
- Heating: Forced Air
- List Price: $370,000
- Price/SqFt: $205
- Annual Tax Amount: $3,601
- Tax Year: 2023
- Lot: Irregular Lot
- Directions: Commerce Blvd/110 into Mound, right on Tonkawood to home on left. Across the street from Belmont Park and a block from Lake Minnetonka.
- Year Built: 1968
- Living Area: 1,799 SqFt
- MLS Number: 6703772
- MLS Name: NORTHSTAR
- Office Name: Keller Williams Realty Integrity Lakes
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Last updated on: 4/29/2025, 9:22:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$370,000
5516 Tonkawood Rd
$4,394
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 08, 2022 | Home Sold | $340,000 |
| Aug 15, 2019 | Home Sold | $250,000 |
| Feb 18, 2010 | Home Sold | $140,000 |
| Sep 09, 2009 | Home Sold | $140,000 |
| May 19, 2009 | Home Sold | $140,000 |
| Sep 09, 2005 | Home Sold | $228,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $345,500 | $3,601 |
| 2022 | $302,000 | $2,886 |
| 2021 | $237,000 | $2,961 |
| 2020 | $234,000 | $2,947 |
| 2019 | $182,940 | $2,718 |
| 2018 | $179,670 | $3,951 |
| 2017 | $167,680 | $4,375 |
History based on county public records data.
Nearby schools
7
Shirley Hills Primary School
Public District PK-4
0.6 mi
•2450 Wilshire Blvd
9
Hilltop Primary School
Public District PK-4
0.9 mi
•5700 Game Farm Rd E
9
Minnewashta Elementary
Public District KG-5
3.7 mi
•26350 Smithtown Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $69,489. Residents of Mound, MN typically earn between $35k-100k each year. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Symphony or Opera
Horse Races
Hiking/backpacking
Where do the neighbors shop?
Chico's
Stein Mart
Nordstrom Rack
Where do the neighbors go to eat?
Boston Market
LongHorn Steakhouse
Chipotle
What do the neighbors drive?
Volvo
Buick
Mazda
What do the neighbors listen to?
Talk/Personality- Contemporary Inspirational
Rock
This home is located at 5516 Tonkawood Rd in Mound, MN and zip code 55364 in the Harrison Bay neighborhood. This 1,799 square foot home was built in 1968. Features: 0 bathroom. It has been listed on Rocket Homes since April 17, 2025 and is currently priced at $370,000.
While more than 4 listings in Mound, MN in March 2025 were sold above asking price, there were more than 10 listings sold at asking price, and more than 10 were sold below. The inventory of homes for sale in Mound, MN between February and March 2025 increased by 40.6%. In March 2025, listings were on the market for 31 days. During the same period, the median list price in this real estate market was $449,203.