Off Market May 2025 for $362K

$402,650

Est. refi paymentEst. refi $1,590/mo

•

—

sq ft

5516 Tonkawood Rd, Mound, MN 55364

About this home

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!

Multi-familyProperty Type

1968Year Built

6,098 sq ftLot Size

2 car garageParking

Listed by Ryan Walseth • Keller Williams Realty Integrity Lakes

Redfin checked: a minute ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #6703772

Redfin Estimate

$402,650

$40K since sold in May 2025$2,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 3.3% higher than the average sale price ($390K) of 6 comparable homes.

SOLD AUG 27, 2026
$450,000
A
4 beds2 baths— sq ft
4651 Bedford Rd, Mound, MN 55364
SOLD MAR 27, 2026
$365,000
B
3 beds2 baths— sq ft
2135 Cedar Ln, Mound, MN 55364
SOLD MAY 21, 2026
$362,000
C
4 beds2 baths— sq ft
4608 Manchester Rd, Mound, MN 55364
SOLD JUN 26, 2026
$360,000
D
5 beds2 baths— sq ft
2179 Noble Ln, Mound, MN 55364
SOLD AUG 14, 2026
$385,000
E
4 beds2 baths— sq ft
2760 Grove Ln, Mound, MN 55364
SOLD AUG 28, 2026
$417,800
F
3 beds2 baths— sq ft
2685 Halstead Ln, Mound, MN 55364

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Earn from this home

Sell

$94,453

Est. take-home

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Refinance

Est. cash available

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Market trends in 55364, MN

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

97.3%

0.7% MoM

Median sale price

$660K

$44K MoM

Avg. days on market

30d

6 days MoM

Recently sold homes

1 MoM

New listings for sale

COMING SOON
$325,000
2 beds2 baths1,581 sq ft
4716 Wilshire Blvd, Mound, MN 55364
COMING SOON
$314,875
2 beds2 baths1,220 sq ft
1530 N Arm Dr, Mound, MN 55364
FOR SALE BY OWNER
$1,800,000
3 beds3 baths3,655 sq ft
5185 N Arm Dr, Minnetrista, MN 55364
COMING SOON
$349,900
3 beds2 baths1,536 sq ft
5001 Rosedale Rd, Mound, MN 55364
$549,000
3 beds2 baths2,260 sq ft
3045 Dundee Ln, Mound, MN 55364
$299,900
2 beds2 baths1,505 sq ft
2100 Old School Rd #102, Mound, MN 55364
COMING SOON
$575,000
5 beds3 baths2,873 sq ft
2244 Woodlyn Ridge Ct, Mound, MN 55364
$299,900
2 beds1 bath1,688 sq ft
3046 Dundee Ln, Mound, MN 55364
COMING SOON
$3,500,000
5 beds7 baths8,675 sq ft
4145 Trillium Ln E, Minnetrista, MN 55364
$899,900
4 beds3 baths2,637 sq ft
4430 Shady Ln, Minnetrista, MN 55364
See all

Provided by Redfin

Sale history for 5516 Tonkawood Rd

Date

Event

Price

NORTHSTARMLS as Distributed by MLS Grid #6703772

May 30, 2025

Sold

$362,500

Apr 30, 2025

Pending

—

Apr 26, 2025

Relisted

—

Apr 21, 2025

Contingent

—

Apr 18, 2025

Listed

$370,000

Apr 17, 2025

Coming Soon

$370,000

NORTHSTARMLS as Distributed by MLS Grid #6262356

Oct 28, 2022

Sold

$340,000

Sep 21, 2022

Pending

—

Sep 16, 2022

Listed

$334,900

+16

Exceptional property in Mound right across from Belmont Park and 1 block from Harrisons Bay on Lake Minnetonka! 4 bed/2 bath, 2 stall garage with newer windows, furnace, garage roof, stainless steel appliances, hardwood, storage shed, deck, tiled backsplash, high def laminate countertops, wash/dryer units both up and down! Loads to like! Buy it and live in it or rent it out as a single family or duplex! Extremely versatile property with an out of this world location!

NORTHSTARMLS as Distributed by MLS Grid #5260387

Aug 13, 2019

Sold

$250,000

Jul 17, 2019

Listing Removed

—

Jul 14, 2019

Listed

$250,000

+34

DUPLEX at this price!!?? The house is setup as a duplex with a separate unit with it's own entrance. Have your renters pay your mortgage. Or Airbnb the lower unit and make even more money! Totally updated split level in the heart of Mound just blocks from Lake Minnetonka! This home has it all with a sun-drenched living room boasting gleaming hardwood floors, eat-in enameled kitchen with stainless steel appliances & tile backsplash, beautifully updated baths, lower level with 2nd kitchen, freshly painted inside & out, maintenance free windows, and a detached two car garage. Nothing to do but move in enjoy!

Public Records

Feb 18, 2010

Sold

$140,000

Public Records

Sep 9, 2009

Sold

$140,000

NORTHSTARMLS as Distributed by MLS Grid #3621890

May 4, 2009

Listing Removed

—

Nov 19, 2008

Listed

$139,900

NORTHSTARMLS as Distributed by MLS Grid #3414235

Jan 20, 2008

Listing Removed

—

Jul 20, 2007

Listed

$225,500

Public Records

Sep 9, 2005

Sold

$228,000

NORTHSTARMLS as Distributed by MLS Grid #3039442

Jul 20, 2005

Listing Removed

—

May 24, 2005

Listed

$227,000

NORTHSTARMLS as Distributed by MLS Grid #3016095

May 20, 2005

Listing Removed

—

Apr 7, 2005

Listed

$234,900

Public Records

Apr 12, 2002

Sold

$178,000

NORTHSTARMLS as Distributed by MLS Grid #1604514

Feb 20, 2002

Listing Removed

—

Jul 25, 2001

Listed

$189,900

Public Records

Oct 3, 2000

Sold

$143,000

Public Records

Sep 1, 1979

Sold

$49,681

Public Records

Mar 1, 1978

Sold

$52,500

Tax history for 5516 Tonkawood Rd

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

—

Lot width

60 ft.

Lot depth

100 ft.

Lot size

6,098 Sq. Ft.

Year renovated

1995

Sq. Ft.

1,976

Year built

1968

Style

Single Family Residential

County

Hennepin County

APN

13 117 24 32 0066

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 21, 2026.

Property details

Parking

Parking Information
Parking Features: Asphalt, Garage Door Opener, Shared Garage/Stall, Storage
Garage Spaces: 2
Garage Sq. Ft.: 484

Interior

Bedroom Information
# of Bedrooms: 4

Laundry Room Information
Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, In Hall, Laundry Closet, Lower Level, Laundry Room, Main Level, In Unit, Upper Level, Washer Hookup

Basement Information
Has Basement
Basement Features: Block, Daylight/Lookout Windows, Drainage System, Egress Window(s), Finished, Full, Posts, Single Tenant Access, Storage/Locker, Storage Space

Heating & Cooling
Heating Information: Forced Air

Exterior

Building Information
Construction Materials: Block, Brick, Concrete, Frame
Foundation Area: 928
Roof: Age Over 8 Years, Asphalt, Pitched

Exterior Features
Patio Porch Type: Deck,Front Porch,Porch
Exterior Features: Stone, Wood
Fencing: Partial, Wood

Pool Information
Pool Features: None

Waterfront Information
Waterfront Features: Lake View

Property Information
Above Ground Total Sq. Ft.: 928
Below Ground Total Sq. Ft.: 791
FractionalOwnershipYN: No
Owner Occupied: No
Property Type: Residential Income
Property Sub Type: Duplex Up and Down
Above Grade Finished Area: 928
Below Grade Finished Area: 871

Lot Information
Lot Features: Irregular Lot
Lot Size Area: 0.14
Lot Size Units: Acres
Lot Size Dimensions: 60x100
Road Frontage Type: City Street, Curbs, Paved Streets, Street Lights, Storm Sewer
Road Responsibility: Public Maintained Road

Financial

Tax Information
Tax Annual Amount: $3,667
Tax Year: 2025
Tax With Assessments: $3,667

Lease / Rent Details
Tenant Pays: None

Financial Information
Conventional

Utilities

Utility Information
Water Source: City Water/Connected
Electric: 100 Amp Service
Power Company Name: Xcel Energy
Sewer: City Sewer/Connected
Fuel: Natural Gas

Location

Multi-Family Financial Information
Owner Pays: All Utilities
Gross Income: $41,700

Multi-Unit Information
# of Units (Total): 2

Unit Type 1 Information
Sq. Ft.: 928
# of Rooms Total: 7
# of Bedrooms: 2
# of Bathrooms: 1
# of Full Bathrooms: 1
Appliances: Dishwasher, Disposal, Dryer, Water Heater - Gas, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
Cooling System: Central
Amenities: Cable, Ceiling Fan(s), Countertops-Solid Surface, Custom Cabinetry, Deck, Hardwood Floors, Kitchen Window, Main Floor Primary Bedroom, Natural Woodwork, Open Floor Plan, Paneled Doors, Porch, Security Lights, Tile Floors, Washer/Dryer Hookup
# of Units: 1

Unit Type 2 Information
Sq. Ft.: 791
# of Rooms Total: 7
# of Bedrooms: 2
# of Bathrooms: 1
# of Full Bathrooms: 1
Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Parking: 2
Cooling System: Central
Amenities: Built-In Bookcases, Ceiling Fan(s), Countertops-Solid Surface, Kitchen Window, Local Area Network, Natural Woodwork, Paneled Doors, Security System, Tile Floors, Washer/Dryer Hookup
# of Units: 1

School Information
High School District: Westonka
School District Number: 277
School District Phone: 9524918001

Location Information
Directions: Commerce Blvd/110 into Mound, right on Tonkawood to home on left. Across the street from Belmont Park and a block from Lake Minnetonka.
Map Coordinate: 116-E1
Topography: Level

Public facts

Beds: 4
Baths: 2.0
Sq. Ft.: 1,976
Stories: —
Lot Size: 6,098 square feet
Style: Single Family Residential
Year Built: 1968
Year Renovated: 1995
County: Hennepin County
APN: 13 117 24 32 0066

Home facts updated by county records on Jul 21, 2026

Other

Home Information
Living Area: 1799
Living Area Units: Square Feet
Main Level Finished Area: 928
Building Area Total: 1719
Foundation Details: Block, Pillar/Post/Pier
Levels: Split Entry (Bi-Level)

Around this home

Schools

Grandview Middle School

Public 5-7 • Assigned • 0.3mi

10/10

Mound-Westonka High School

Public 8-12 • Assigned • 1.0mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

2/10 Heat Factor

7 days above 98° expected this year, 14 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Mound, MN • 55364

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.5 hours in June and 3.6 hours in December, which is comparable to the U.S. average for solar exposure.

10.5 hrs

3.6 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$383,000 – $464,000

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3832 Northern Ave, Spring Park, MN 55384

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New listings for sale in 55364

COMING SOON

$325,000

2 beds2 baths1,581 sq ft

4716 Wilshire Blvd, Mound, MN 55364

COMING SOON

$314,875

2 beds2 baths1,220 sq ft

1530 N Arm Dr, Mound, MN 55364

FOR SALE BY OWNER

$1,800,000

3 beds3 baths3,655 sq ft

5185 N Arm Dr, Minnetrista, MN 55364

COMING SOON

$349,900

3 beds2 baths1,536 sq ft

5001 Rosedale Rd, Mound, MN 55364

$549,000

3 beds2 baths2,260 sq ft

3045 Dundee Ln, Mound, MN 55364

$299,900

2 beds2 baths1,505 sq ft

2100 Old School Rd #102, Mound, MN 55364

COMING SOON

$575,000

5 beds3 baths2,873 sq ft

2244 Woodlyn Ridge Ct, Mound, MN 55364

$299,900

2 beds1 bath1,688 sq ft

3046 Dundee Ln, Mound, MN 55364

COMING SOON

$3,500,000

5 beds7 baths8,675 sq ft

4145 Trillium Ln E, Minnetrista, MN 55364

Home values near 5516 Tonkawood Rd

Data from public records.

Address	Redfin Estimate
5501 Tonkawood Rd, Mound, MN 3 Beds \| 2 Baths \| - Sq. Ft.	$273,351
5506 Tonkawood Rd, Mound, MN 4 Beds \| 2 Baths \| 1872 Sq. Ft.	$339,497

Address	Redfin Estimate
5444 Tonkawood Rd, Mound, MN 4 Beds \| - Baths \| - Sq. Ft.	$253,649
5500 Tonkawood Rd, Mound, MN 4 Beds \| 1.5 Baths \| 1561 Sq. Ft.	$317,688

Address	Redfin Estimate
5526 Tonkawood Rd, Mound, MN 3 Beds \| 2 Baths \| 2154 Sq. Ft.	$454,065
5505 Spruce Rd, Mound, MN 4 Beds \| 2 Baths \| - Sq. Ft.	$436,281

Property information provided by NORTHSTARMLS as Distributed by MLS Grid when last listed in 2025. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 55364, MN

Sale history for 5516 Tonkawood Rd

Tax history for 5516 Tonkawood Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 55364

Home values near 5516 Tonkawood Rd

More real estate resources