55 Fairhope Avenue, Excelsior, MN 55331 (MLS# 6685388)

General Property Information

Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 3
Road Btwn WF & Home?: No
Waterfront Frontage: 194
Waterfront Present: Yes
Year Built: 1952
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: 3
Bath Half: Yes
Main Floor Total SqFt: 1038
Above Grd Total SqFt: 2704
Below Grd Total SqFt: 1533
Total SqFt: 4237
Total Finished Sqft: 3199.00
FireplaceYN: Yes
Lake/Waterfront Name: Minnetonka
Style: (SF) Single Family
Foundation Size: 1038
Garage Stalls: 2
Lot Dimensions: Irregular
Acres: 0.59
Bath Three Quarters: 0
Bath Quarter: 0
Association Fee: 0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Boat Slip; Ceiling Fan(s); Deck; Dock; Hardwood Floors; Hot Tub; In-Ground Sprinkler; Kitchen Center Island; Kitchen Window; Natural Woodwork; Tile Floors; Vaulted Ceiling(s); Walk-In Closet; Wet Bar Appliances: Air-To-Air Exchanger; Dishwasher; Disposal; Dryer; Freezer; Range; Refrigerator Assumable Loan: Not Assumable Basement: Concrete Block; Drain Tiled; Partially Finished; Sump Pump Bath Description: Main Floor 1/2 Bath; Upper Level Full Bath; Full Primary; Private Primary Construction Materials: Block; Frame Construction Status: Previously Owned Dining Room Description: Eat In Kitchen; Informal Dining Room Electric: 200+ Amp Service; Circuit Breakers Elevation Highpoint to Waterfront Slope: Level Exterior: Brick/Stone; Cement Board; Engineered Wood Family Room Characteristics: 2 or More; Lower Level; Main Level Fencing: None Financing Terms: Cash Fireplace Characteristics: Family Room; Gas Burning; Living Room; Primary Bedroom Fuel: Natural Gas Heating: Forced Air; Humidifier; In-Floor Heating; Zoned Lake Details: Sand Laundry: Main Level Lock Box Type: Combo Lot Description: Accessible Shoreline Parking Characteristics: Garage Door Opener; Heated Garage; Insulated Garage; Storage Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Asphalt Shingles Sewer: City Sewer/Connected Special Search: Main Floor Laundry Stories: Four or More Level Split Water: City Water/Connected Waterfront View: Bay; North; South

Contract Information

Off Market Date: 2025-03-20
Contingency: None
Closed Date: 2025-04-18
Original List Price: 2195000
Sales Close Price: 2120000
ListPrice: 2195000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 55
Street Name: Fairhope
Street Suffix: Avenue
Postal City: Excelsior
County: Hennepin
State: MN
Zip Code: 55331
Complex/Dev/Subdivision: Tonka Fairhope

Assessments

Tax With Assessments: 22976.7
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 2704
Finished SqFt Below Ground: 495

More Information

Lake Details

Lake Acres: 14205
Lake Depth: 113
Sand: Yes

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 20x20
Garage Door Height: 7
Garage Square Feet: 400
Garage Door Opener: Yes
Heated Garage: Yes
Insulated Garage: Yes
Storage: Yes

Public Survey Info

Range#: 23
Section#: 21
Township#: 117

Office/Member Info

Association: MAAR

Location, Tax and Other Information

AssocFeeYN: No
Legal Description: TONKA FAIRHOPE THAT PART OF LOT 6 TONKA FAIRHOPE WHICH LIES SELY OF NWLY 12 FT THOF INCL SELY 13 FT OF VAC FAIRHOPE AVE ALSO TRACT A OF RLS NO 361 AND TRACT B OF RLS NO 1568
Listing City: Excelsior
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: 9514
Property ID Number: 2111723410052
Tax Year: 2024
Tax Amount: 22976.7
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Extraordinary opportunity to live surrounded by Lake Minnetonka! This property features over 100 feet of quiet water shoreline for a year-round dock and canopy, plus an additional 70 feet of sandy shoreline with a beach area, fire pit, and private swimming hole right off your back deck. The interior was beautifully remodeled in 2021, boasting new Cambria countertops, fresh interior and exterior paint, a refreshed primary bath, new doors and trim, a backup generator, and a hot tub—plus much more. Designed for both living and entertaining, the home includes a lower-level pub with heated floors, four bedrooms upstairs, and an additional living room with stunning lake views. A spacious top-floor bonus room offers even more flexibility. Don’t miss the recently insulated and sheetrocked loft above the garage—ideal for a private office or workout space. Located in the Minnetonka School District, within the sought-after Minnewashta Elementary boundary.
Directions: County Road 19/Manitou Road to W. Point Road to left on Fairhope Ave.

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Amenities Unit

Boat Slip: Yes
Ceiling Fan(s): Yes
Deck: Yes
Dock: Yes
Hardwood Floors: Yes
Hot Tub: Yes
In-Ground Sprinkler: Yes
Kitchen Center Island: Yes
Kitchen Window: Yes
Natural Woodwork: Yes
Tile Floors: Yes
Vaulted Ceiling(s): Yes
Walk-In Closet: Yes
Wet Bar: Yes

Appliances

Air-To-Air Exchanger: Yes
Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Freezer: Yes
Range: Yes
Refrigerator: Yes

Assumable Loan

Not Assumable: Yes

Basement

Concrete Block: Yes
Drain Tiled: Yes
Partially Finished: Yes
Sump Pump: Yes

Bath Description

Main Floor 1/2 Bath: Yes
Upper Level Full Bath: Yes
Full Primary: Yes
Private Primary: Yes

Construction Materials

Block: Yes
Frame: Yes

Construction Status

Previously Owned: Yes

Dining Room Description

Eat In Kitchen: Yes
Informal Dining Room: Yes

Electric

200+ Amp Service: Yes
Circuit Breakers: Yes

Elevation Highpoint to Waterfront Slope

Level: Yes

Exterior

Brick/Stone: Yes
Cement Board: Yes
Engineered Wood: Yes

Family Room Characteristics

2 or More: Yes
Lower Level: Yes
Main Level: Yes

Fencing

None: Yes

Financing Terms

Cash: Yes

Fireplace Characteristics

Family Room: Yes
Gas Burning: Yes
Living Room: Yes
Primary Bedroom: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes
Humidifier: Yes
In-Floor Heating: Yes
Zoned: Yes

Insurance Fee

Insurance Fee: 0

Lake/Waterfront

Lake Front: Yes

Laundry

Main Level: Yes

Lock Box Type

Combo: Yes

Lot Description

Accessible Shoreline: Yes

Patio, Porch and Deck Features

Front Porch: Yes
Patio: Yes
Rear Porch: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes
Asphalt Shingles: Yes

Sewer

City Sewer/Connected: Yes

Special Search

Main Floor Laundry: Yes

Stories

Four or More Level Split: Yes

Water

City Water/Connected: Yes

Waterfront View

Bay: Yes
North: Yes
South: Yes

Room Information

Family Room Dimensions: 18x13 Level: Lower Kitchen Dimensions: 14x11 Level: Main Living Room Dimensions: 15x15 Level: Upper Dining Room Dimensions: 12x10 Level: Main Third (3rd) Bedroom Dimensions: 12x11 Level: Upper Fourth (4th) Bedroom Dimensions: 12x10 Level: Upper First (1st) Bedroom Dimensions: 18x12 Level: Upper Second (2nd) Bedroom Dimensions: 13x12 Level: Upper Bar/Wet Bar Room Dimensions: 14x10 Level: Lower Mud Room Dimensions: 8x7 Level: Main