Active

Price cut: $50K (8/3)

$3,450,000

4770 Manitou Rd, Tonka Bay, MN 55331

4beds

4,820sqft

$21,940/mo

Get pre-qualified

Single Family

Built in 1982

0.66 Acres Lot

$-- Zestimate^®

$716/sqft

$-- HOA

What's special

Perfectly positioned on one of Lake Minnetonka's most desirable settings, this exceptional lakefront residence offers the rare combination of an outstanding on-and-off-the-water location, ideal elevation, and coveted main-level living. Set on .66 acres with 104 feet of beautiful lakeshore on Old Channel Bay with exceptional water quality, the property captures sweeping water views and beautiful summer sunsets from nearly every room. Thoughtfully designed for effortless everyday living and entertaining, the home features expansive gathering spaces, a luxurious main-level primary suite, additional ensuite bedroom, private office, upper-level guest accommodations, and a spacious lower level ready for future customization. Located in the desirable Minnetonka School District, this is a rare opportunity to enjoy a true Lake Minnetonka gem.

11 days

1,340

40

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 5
Full bathrooms: 2
3/4 bathrooms: 2
1/2 bathrooms: 1

Bedroom

Level: Main
Area: 270 Square Feet
Dimensions: 18x15

Bedroom 2

Level: Main
Area: 143 Square Feet
Dimensions: 13x11

Bedroom 3

Level: Upper
Area: 169 Square Feet
Dimensions: 13x13

Bedroom 4

Level: Upper
Area: 156 Square Feet
Dimensions: 13x12

Family room

Level: Main
Area: 204 Square Feet
Dimensions: 17x12

Informal dining room

Level: Main
Area: 136 Square Feet
Dimensions: 16x8.5

Kitchen

Level: Main
Area: 306 Square Feet
Dimensions: 18x17

Laundry

Level: Main
Area: 105 Square Feet
Dimensions: 15x7

Living room

Level: Main
Area: 456 Square Feet
Dimensions: 24x19

Office

Level: Main
Area: 198 Square Feet
Dimensions: 18x11

Patio

Level: Upper
Area: 672 Square Feet
Dimensions: 42x16

Recreation room

Level: Lower
Area: 448 Square Feet
Dimensions: 28x16

Screened porch

Level: Main
Area: 192 Square Feet
Dimensions: 16x12

Heating

Forced Air, In-Floor Heating

Cooling

Central Air

Appliances

Included: Air-To-Air Exchanger, Chandelier, Dishwasher, Disposal, Dryer, Exhaust Fan, Humidifier, Microwave, Range, Refrigerator, Washer, Water Softener Owned
Laundry: Laundry Room, Main Level

Features

Basement: Block,Drain Tiled,Finished,Sump Pump
Number of fireplaces: 3
Fireplace features: Family Room, Living Room

Interior area

Total structure area: 5,580
Total interior livable area: 4,820 sqft
Finished area above ground: 4,020
Finished area below ground: 800

Property

Parking

Total spaces: 3
Parking features: Attached, Asphalt, Floor Drain, Garage, Garage Door Opener, Insulated Garage, Other
Attached garage spaces: 3
Has uncovered spaces: Yes
Details: Garage Dimensions (24x36)

Accessibility

Accessibility features: None

Features

Levels: One
Stories: 1
Patio & porch: Patio, Screened
Has view: Yes
View description: Lake
Has water view: Yes
Water view: Lake
Waterfront features: Dock, Lake Front, Lake View
Frontage length: Water Frontage: 104

Lot

Size: 0.66 Acres
Dimensions: S110 x 240 x L104 x 240
Features: Tree Coverage - Light

Details

Foundation area: 3320
Parcel number: 2811723120024
Zoning description: Residential-Single Family

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family

Materials

Roof: Age Over 8 Years,Age 8 Years or Less,Asphalt,Flat

Condition

New construction: No
Year built: 1982

Utilities & green energy

Electric: Circuit Breakers
Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Community

Subdivision: Richwood Add

HOA

Has HOA: No

Location

Region: Tonka Bay

Financial & listing details

Price per square foot: $716/sqft
Tax assessed value: $2,954,400
Annual tax amount: $38,435
Date on market: 8/3/2026
Cumulative days on market: 161 days

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
8/3/2026	Price change	$3,450,000-1.4%$716/sqft
Source: NorthstarMLS as distributed by MLS GRID #7120864 Report a problem
3/7/2026	Listed for sale	$3,500,000+90.7%$726/sqft
Source: NorthstarMLS as distributed by MLS GRID #7016900 Report a problem
6/26/2009	Sold	$1,835,000-16.4%$381/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #1576590 Report a problem
12/6/2008	Listing removed	$2,195,000$455/sqft
Source: NRT Minneapolis #3539693 Report a problem
6/19/2008	Listed for sale	$2,195,000+41.6%$455/sqft
Source: NRT Minneapolis #3539693 Report a problem
7/24/2000	Sold	$1,550,000+84.5%$322/sqft
Source: Public Record Report a problem
5/28/1998	Sold	$840,000$174/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$35,931 +20.9%	$2,954,400 +3.3%
2024	$29,720 +12.7%	$2,860,600 +14%
2023	$26,366 +6.7%	$2,510,100 +13.8%
2022	$24,715 +1.3%	$2,205,000 +17%
2021	$24,402 -3.5%	$1,885,000 +2.3%
2020	$25,275 +3.6%	$1,842,000 +1.5%
2019	$24,402 -3.5%	$1,815,000 +4.6%
2018	$25,275 -0.5%	$1,736,000 -3.4%
2017	$25,397 -1%	$1,797,000 +8.1%
2016	$25,664 +6.7%	$1,662,000
2015	$24,057 -0.3%	$1,662,000 +7.8%
2014	$24,135 +6.4%	$1,542,000 -0.1%
2013	$22,682 +1.7%	$1,543,000 -3.4%
2012	$22,307 -7.7%	$1,597,000 -11.5%
2011	$24,179 -16.7%	$1,804,000 -23.2%
2010	$29,034 +3.9%	$2,350,000 -0.8%
2009	$27,936 +36.8%	$2,368,000 +43.2%
2006	$20,422 +9.2%	$1,653,100 +15%
2005	$18,701 +8.8%	$1,437,500 +15%
2004	$17,191 +6.1%	$1,250,000 +12%
2002	$16,196 -41.2%	$1,116,100
2001	$27,522	--