Back 365 Lakeview Ave
Off Market

365 Lakeview Ave

Tonka Bay MN 55331

4
4
3
3172 sq. ft.
0.17 ac.
Single-Family
Last sold for $3,350,000
Ryan FischerRyan Fischer, last sold this property on 01 October 2026 after 13 days on market.

Overview

Welcome to 365 Lakeview Ave in Tonka Bay, an exceptional 4-bedroom, 4-bathroom Lake Minnetonka home with a heated 3-car garage, panoramic south-facing water views, and an outstanding setting directly on Gideon Bay. Positioned on a level, professionally landscaped lot with a beautiful riprap shoreline, lawn irrigation system, and excellent water quality, this property captures the best of Lake Minnetonka living with expansive lake views and a highly desirable orientation that provides abundant natural light throughout the day. The backyard is also an incredible vantage point for enjoying the Excelsior Bay 4th of July fireworks, creating a front-row lake experience without ever leaving home. Inside, the home offers a deluxe gourmet kitchen with high-end appliances, Cambria countertops, and an inviting layout designed for both everyday living and entertaining, while integrated Sonos ceiling speakers throughout the house create a seamless whole-home audio experience. The covered deck dramatically expands the living space outdoors and is equipped with radiant heaters, ceiling fans, speakers, Phantom Screens, and a TV hookup, making it an ideal place to relax or entertain throughout much of the year while overlooking Gideon Bay. All four bedrooms are conveniently located on the upper level, including a versatile fourth bedroom above the garage that could easily function as a recreation room, bonus room, media room, or additional family room depending on your needs. The heated 3-car garage is another standout feature, complete with in-floor heat for year-round comfort and exceptional storage. Outside, the professionally designed landscaping enhances the lakefront setting. The property is located next to a fire lane, creating a substantial amount of additional open space along the east side of the home and providing greater separation from the neighboring property. Beyond the home itself, this quiet and highly desirable Tonka Bay street offers an outstanding Lake Minnetonka lifestyle just a short walk from the Caribbean Marina area and lakeside dining, while nearby Wekota Park and Beach features a sandy Lake Minnetonka beach, playground, walking trail, picnic areas, basketball, one tennis court, and three pickleball courts. Tonka Bay is also ideally positioned just west of Excelsior, putting the shops, restaurants, waterfront amenities, and vibrant downtown Excelsior area within easy reach. With its prime Gideon Bay frontage, level lakeside lot, panoramic south-facing views, exceptional outdoor entertaining spaces, gourmet kitchen, four upper-level bedrooms, heated three-car garage, and walkable access to some of Tonka Bay's best recreation and lake amenities, 365 Lakeview Ave offers a rare opportunity to enjoy one of the most desirable lifestyles on Lake Minnetonka.

Features

4 bedrooms
4 bathrooms
3 carspaces
3 garage spaces
3172 sq. ft. floor area
0.17 ac. lot size
Single-Family

Estimated Value

Based on this property and similar 4 bedroom single-family properties sold in Tonka Bay over the last 12 months, the estimated median property value of 365 Lakeview Ave is $859.77k.

Median value
$859.77k
Estimated value range
$425k - $5.44m
Median days on market
18
Estimated value trend
1%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Tonka Bay. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 365 Lakeview Ave

2026
Sold
$3,350,000
01 Oct 2026 by Ryan Fischer, of REMAX Results | Edina
2019
Sold
$1,075,000
30 Apr 2019 by Jennifer Morris And Andy Baer, of Edina Realty, Inc.

Happy sellers in Tonka Bay

88%
88% of sellers in Tonka Bay reported that their sale price either exceeded or met their price expectations.

Tonka Bay stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Tonka Bay over the last 12 months.

Local market activity for 4 bedroom single-family properties in Tonka Bay

In the last 12 months, 102 four-bedroom single-family properties similar to 365 Lakeview Ave, have been sold.

This represents a 26% increase in four-bedroom single-family properties sales when compared to the previous 12 months.

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