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!
Closed
$362,500
5516 Tonkawood Rd, Mound, MN 55364
4beds
2baths
1,719sqft
Duplex Up and Down
Built in 1968
-- sqft lot
$368,000 Zestimate®
$211/sqft
$1,831 Estimated rent
Home value
$368,000
$342,000 - $394,000
$1,831/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: June 06, 2025 at 09:55am
Listed by:
Ryan Walseth - TAYLRD Real Estate 612-770-1361,
Keller Williams Realty Integrity Lakes
Bought with:
Ali Reda - TAYLRD Real Estate
Keller Williams Realty Integrity Lakes
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6703772
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air
Features
- Basement: Block,Daylight,Drainage System,Egress Window(s),Finished,Full,Posts,Single Tenant Access,Storage/Locker,Storage Space
Interior area
- Total structure area: 1,719
- Total interior livable area: 1,719 sqft
- Finished area above ground: 928
- Finished area below ground: 871
Property
Parking
- Total spaces: 2
- Parking features: Detached, Asphalt, Garage Door Opener, Shared Garage/Stall, Storage
- Garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Multi/Split
- Patio & porch: Deck, Front Porch, Porch
- Fencing: Partial,Wood
- Has view: Yes
- View description: City Lights, Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake View, Waterfront Num(27013300), Lake Acres(14205), Lake Depth(113)
- Body of water: Minnetonka
Lot
- Size: 6,098 sqft
- Dimensions: 60 x 100
- Features: Irregular Lot
- Topography: Level
Details
- Foundation area: 928
- Parcel number: 1311724320066
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex Up and Down
Materials
- Block, Brick/Stone, Fiber Board, Wood Siding, Timber/Post & Beam, Brick, Concrete, Frame
- Roof: Age Over 8 Years,Asphalt,Pitched
Condition
- Age of Property: 57
- New construction: No
- Year built: 1968
Utilities & green energy
- Electric: 100 Amp Service
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Mound
- Subdivision: Lake Side Park A L Crockers 1st Div
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/30/2025 | Sold | $362,500-2%$211/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6703772 Report a problem | ||
| 4/30/2025 | Pending sale | $370,000$215/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6703772 Report a problem | ||
| 4/18/2025 | Listed for sale | $370,000+8.8%$215/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6703772 Report a problem | ||
| 12/7/2022 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 12/5/2022 | Listed for rent | $1,450$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,667 +1.8% | $330,500 -1% |
| 2024 | $3,602 +24.8% | $334,000 -3.3% |
| 2023 | $2,887 -2.5% | $345,500 +14.4% |
Find assessor info on the county website
Neighborhood: 55364
Nearby schools
GreatSchools rating
- 9/10Grandview Middle SchoolGrades: 5-7Distance: 0.4 mi
- 9/10Mound-Westonka High SchoolGrades: 8-12Distance: 1.1 mi
- 10/10Hilltop Primary SchoolGrades: K-4Distance: 1 mi
Get a cash offer in 3 minutes
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Estimated market value$368,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$368,000