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465 Lakeview Avenue, Excelsior, MN 55331

$3,175,000

Welcome home to 465 Lakeview Avenue in Tonka Bay. An exquisitely renovated lakefront retreat on Gideon Bay.

Virtual Tour

https://tours.spacecrafting.com/n-yfwhh6

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 3,505 Lot Size (sq. ft.): 13,504 Status: Closed

Current Price: $3,175,000 List Date: 7/19/2025 Last Modified: 1/27/2026

Overview

Description

Beautifully updated home on premier “A”-rated Gideon Bay of Lake Minnetonka with 60 feet of prime, south-facing shoreline and unobstructed lake views. Enjoy level, walk-out access to the water and abundant natural light throughout, thanks to all of the expansive windows. Renovated by Revision by Stonewood in 2018 and meticulously maintained, this home blends timeless charm with modern updates. The upper level features the primary suite with private bathroom, three bedrooms and an additional bathroom. The main level includes a flexible office or fifth bedroom, laundry/mudroom, and a full bathroom. The unfinished lower level offers ample storage. Outdoor and storage needs are met with both an attached 2-car garage and a large detached 26' x 27' 2-car garage—perfect for boats, lake toys, or extra vehicles. Newly built in 2022, the guest cottage provides an additional 226 sqft of living space for visitors, a home office, or creative pursuits. Enjoy dining and relaxing outdoors on the ... (Read more)

Listing Details MLS# 6748408

General Property Information

Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: Yes
Road Btwn WF & Home?: No
Waterfront Frontage: 60
Year Built: 1990
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: Yes
Bath Three Quarters: 2
Main Floor Total SqFt: 1175
Above Grd Total SqFt: 2440
Below Grd Total SqFt: 1065
Total SqFt: 3505
Total Finished Sqft: 2440.00
FireplaceYN: Yes
Lake/Waterfront Name: Minnetonka
Style: (SF) Single Family
Foundation Size: 1065
Power Company: Xcel Energy
Garage Stalls: 4
Lot Dimensions: irregular
Acres: 0.31
Bath Half: 0
Bath Quarter: 0
Association Fee: 0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Dock; Hardwood Floors; Kitchen Center Island; Kitchen Window; Natural Woodwork; Paneled Doors; Patio; Primary Bedroom Walk-In Closet; Tile Floors; Vaulted Ceiling(s); Walk-In Closet; Washer/Dryer Hookup Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer; Water Filtration System; Water Osmosis System Assumable Loan: Not Assumable Basement: Drain Tiled; Full; Storage Space; Sump Pump; Unfinished Bath Description: Double Sink; Main Floor Full Bath; Upper Level 3/4 Bath; 3/4 Primary; Private Primary; Walk-In Shower Stall Construction Status: Previously Owned Dining Room Description: Breakfast Area; Eat In Kitchen; Informal Dining Room; Kitchen/Dining Room; Living/Dining Room Elevation Highpoint to Waterfront Slope: Level Exterior: Fiber Board Family Room Characteristics: Family Room; Great Room; Main Level Fencing: Partial; Privacy; Wood Financing Terms: Cash Fireplace Characteristics: Decorative; Gas Burning Foundation: Other Fuel: Natural Gas Heating: Forced Air Lake Details: Hard; Sand Laundry: Gas Dryer Hookup; Laundry Room; Main Level; Washer Hookup Lock Box Type: Supra Lot Description: Accessible Shoreline; Tree Coverage - Light Outbuildings: Additional Garage; Bunk House Parking Characteristics: Multiple Garages; Garage Door Opener; Heated Garage; Insulated Garage; Storage Pool Description: None Road Frontage: City Street; Paved Streets Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Asphalt Shingles Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Special Search: 3 BR on One Level; 4 BR on One Level; Main Floor Laundry; Primary Bdr Suite Stories: Two Water: City Water/Connected Waterfront View: South

Contract Information

Off Market Date: 2025-08-03
Contingency: None
Closed Date: 2025-08-22
Original List Price: 3300000
Sales Close Price: 3175000
ListPrice: 3300000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 465
Street Name: Lakeview
Street Suffix: Avenue
Postal City: Excelsior
County: Hennepin
State: MN
Zip Code: 55331
Complex/Dev/Subdivision: Minnetonka Lake Park

Assessments

Tax With Assessments: 26505
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 2440

More Information

Elevation Highpoint to Waterfront Feet

Elevation Highpoint Waterfront Feet: 0-4

Lake Details

Lake Acres: 14205
Lake Depth: 113
Hard: Yes
Sand: Yes

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: MAAR
Supra: Yes

Miscellaneous Information

Homestead: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 1044
Multiple Garages: Yes
Garage Door Opener: Yes
Heated Garage: Yes
Insulated Garage: Yes
Storage: Yes

Public Survey Info

Range#: 23
Section#: 27
Township#: 117

Office/Member Info

Association: MAAR

Location, Tax and Other Information

AssocFeeYN: No
Legal Description: MINNETONKA LAKE PARK LOT 79 MINNETONKA LAKE PARK INCL ADJ 1/2 OF VAC OKATA CT ALSO THAT PART OF UNNUMBERED BLK IN MINNETONKA LAKE PARK DESC AS FOL BEG AT PT OF INTER- SECTION OF N LINE OF MINNEKAMIN AVE AND W LINE OF GLADE AVE IN SAID PARK TH W ALONG SAID N LINE DIS 45 FT TH NLY ALONG A LINE DRAWN AT RT ANGLES TO N LINE OF MINNEKAMIN AVE TO S LINE OF OKATA CT TH ELY ALONG SAID S LINE TO W LINE OF GLADE AVE TH SLY ALONG SAID W LINE TO BEG INCL ADJ 1/2 OF VAC OKATA CT AND INCL ADJ VAC MINNE- KAMIN AVE EXCEPT PART TAKEN FOR LAKEVIEW AVE
Map Page: 117
Municipality: Tonka Bay
School District: Minnetonka
School District Phone: 952-401-5000
DNR Lake ID#: 27013300
DNR Lake Classification: General Development
Zip Plus 4: 9549
Property ID Number: 2711723230123
Tax Year: 2025
Tax Amount: 26505
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Beautifully updated home on premier “A”-rated Gideon Bay of Lake Minnetonka with 60 feet of prime, south-facing shoreline and unobstructed lake views. Enjoy level, walk-out access to the water and abundant natural light throughout, thanks to all of the expansive windows. Renovated by Revision by Stonewood in 2018 and meticulously maintained, this home blends timeless charm with modern updates. The upper level features the primary suite with private bathroom, three bedrooms and an additional bathroom. The main level includes a flexible office or fifth bedroom, laundry/mudroom, and a full bathroom. The unfinished lower level offers ample storage. Outdoor and storage needs are met with both an attached 2-car garage and a large detached 26' x 27' 2-car garage—perfect for boats, lake toys, or extra vehicles. Newly built in 2022, the guest cottage provides an additional 226 sqft of living space for visitors, a home office, or creative pursuits. Enjoy dining and relaxing outdoors on the spacious lakeside patio that was updated in 2021. Located minutes from downtown Excelsior, Orono, Wayzata, and Chanhassen and within the award-winning Minnetonka School District. An exceptional opportunity to own a turnkey lakefront property in one of Lake Minnetonka’s most desirable locations.
Directions: Cty 19 to Tonka Bay Road, right on Hazel St. to Lakeview Ave. to home.

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Amenities Unit

Dock: Yes
Hardwood Floors: Yes
Kitchen Center Island: Yes
Kitchen Window: Yes
Natural Woodwork: Yes
Paneled Doors: Yes
Patio: Yes
Primary Bedroom Walk-In Closet: Yes
Tile Floors: Yes
Vaulted Ceiling(s): Yes
Walk-In Closet: Yes
Washer/Dryer Hookup: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes
Water Filtration System: Yes
Water Osmosis System: Yes

Assumable Loan

Not Assumable: Yes

Basement

Drain Tiled: Yes
Full: Yes
Storage Space: Yes
Sump Pump: Yes
Unfinished: Yes

Bath Description

Double Sink: Yes
Main Floor Full Bath: Yes
Upper Level 3/4 Bath: Yes
3/4 Primary: Yes
Private Primary: Yes
Walk-In Shower Stall: Yes

Construction Status

Previously Owned: Yes

Dining Room Description

Breakfast Area: Yes
Eat In Kitchen: Yes
Informal Dining Room: Yes
Kitchen/Dining Room: Yes
Living/Dining Room: Yes

Elevation Highpoint to Waterfront Slope

Level: Yes

Exterior

Fiber Board: Yes

Family Room Characteristics

Family Room: Yes
Great Room: Yes
Main Level: Yes

Fencing

Partial: Yes
Privacy: Yes
Wood: Yes

Financing Terms

Cash: Yes

Fireplace Characteristics

Decorative: Yes
Gas Burning: Yes

Foundation

Other: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Insurance Fee

Insurance Fee: 0

Laundry

Gas Dryer Hookup: Yes
Laundry Room: Yes
Main Level: Yes
Washer Hookup: Yes

Lot Description

Accessible Shoreline: Yes
Tree Coverage - Light: Yes

Outbuildings

Additional Garage: Yes
Bunk House: Yes

Patio, Porch and Deck Features

Patio: Yes

Pool Description

None: Yes

Road Frontage

City Street: Yes
Paved Streets: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes
Asphalt Shingles: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Special Search

3 BR on One Level: Yes
4 BR on One Level: Yes
Main Floor Laundry: Yes
Primary Bdr Suite: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

Waterfront View

South: Yes

Room Information

Room Name	Dimensions	Level
Informal Dining Room	13x10	Main
Kitchen	14x11	Main
Laundry	10x7	Main
Office	12x11	Main
Second (2nd) Bedroom	15x13	Upper
First (1st) Bedroom	14x12	Upper
Fourth (4th) Bedroom	12x10	Upper
Third (3rd) Bedroom	15x13	Upper
Guest House	17x11	Main
Dining Room	13x11	Main
Living Room	19x13	Main

Listing Office: Coldwell Banker Realty

Last Updated: January - 27 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.