Located at the end of quiet North Arm Bay this unique, rarely available acreage property is the ideal lakeside location to stretch out and relax with family and friends. Enter through the picturesque wooded winding driveway to the expansive 4.63 acres offering 90' of direct lakeshore. Although the value is completely in the land, the current dwelling is very livable and is highly suitable for a renovation, or leverage the extraordinarily large building pad to construct a beautiful new dwelling with modern amenities. Given the size of the property the recreational design options are endless with plenty of room for inground pools, sports courts, green space, and lakeside living as well as the potential for an optional outbuilding with city approval. Enjoy unsurpassed privacy in the coveted Orono school district and easy lakeside living on one of Lake Minnetonka's favorite bays. Immediately available for occupancy and open to all Builders.
Magical year round 4.7 acre private estate on Lake Minnetonka. Twenty minutes from Downtown Minneapolis. Situated on a ravine above North Arm Bay, a lush canopy of trees leads to the wide open grounds, beautiful updated home, pool and captivating views. 90 feet of lakeshore and full dock accessible without the typical summer lake noise. A pristine, quiet retreat.
NORTHSTARMLS as Distributed by MLS Grid #4669278
Feb 29, 2016
Listing Removed
—
Jan 4, 2016
Listed
$1,498,000
NORTHSTARMLS as Distributed by MLS Grid #4596247
Jan 1, 2016
Listing Removed
—
Jun 30, 2015
Price Changed
$1,498,000
May 11, 2015
Listed
$1,649,000
NORTHSTARMLS as Distributed by MLS Grid #4524274
Dec 30, 2014
Listing Removed
—
Sep 4, 2014
Listed
$2,995,000
NORTHSTARMLS as Distributed by MLS Grid #4488519
Jul 2, 2014
Listing Removed
—
Jun 4, 2014
Listed
$1,695,000
NORTHSTARMLS as Distributed by MLS Grid #4409021
May 31, 2014
Listing Removed
—
May 1, 2014
Listing Removed
—
Apr 1, 2014
Listing Removed
—
Sep 7, 2013
Listed
$1,695,000
NORTHSTARMLS as Distributed by MLS Grid #4360874
Sep 3, 2013
Listing Removed
—
Apr 30, 2013
Listed
$1,750,000
NORTHSTARMLS as Distributed by MLS Grid #59154
Feb 28, 1994
Sold
$540,000
Nov 8, 1993
Listing Removed
—
Apr 2, 1993
Listed
$575,000
Year
Property tax
Land + Additions
Assessment*
2026
$23,778 (−1.8%)
$1,752,800 + $350,000
$2,102,800
2025
$24,204 (+3.6%)
$1,752,800 + $370,200
$2,123,000
2024
$23,365 (+10.2%)
$1,752,800 + $375,000
$2,127,800
2023
$21,198 (+18.9%)
$1,593,000 + $312,000
$1,905,000
2022
$17,823 (+4.1%)
$1,044,000 + $412,000
$1,456,000
2021
$17,113 (+4.4%)
$996,000 + $409,000
$1,405,000
2020
$16,387 (+0.8%)
$900,000 + $394,000
$1,294,000
2019
$16,254 (+2.1%)
$875,000 + $390,000
$1,265,000
2018
$15,922 (−7.7%)
$844,000 + $379,000
$1,223,000
2017
$17,253 (+16.7%)
$920,000 + $378,000
$1,298,000
2015
$14,781 (+2.2%)
$775,000 + $350,000
$1,125,000
2014
$14,464 (+2.5%)
$775,000 + $294,000
$1,069,000
2013
$14,117 (−1.4%)
$775,000 + $313,000
$1,088,000
2012
$14,324
$850,000 + $315,000
$1,165,000
Tax history for 425 Tonkawa Rd
Year
Property tax
Land + Additions
Assessment*
2026
$23,778 (−1.8%)
$1,752,800 + $350,000
$2,102,800
2025
$24,204 (+3.6%)
$1,752,800 + $370,200
$2,123,000
2024
$23,365 (+10.2%)
$1,752,800 + $375,000
$2,127,800
2023
$21,198 (+18.9%)
$1,593,000 + $312,000
$1,905,000
2022
$17,823 (+4.1%)
$1,044,000 + $412,000
$1,456,000
2021
$17,113 (+4.4%)
$996,000 + $409,000
$1,405,000
2020
$16,387 (+0.8%)
$900,000 + $394,000
$1,294,000
2019
$16,254 (+2.1%)
$875,000 + $390,000
$1,265,000
2018
$15,922 (−7.7%)
$844,000 + $379,000
$1,223,000
2017
$17,253 (+16.7%)
$920,000 + $378,000
$1,298,000
2015
$14,781 (+2.2%)
$775,000 + $350,000
$1,125,000
2014
$14,464 (+2.5%)
$775,000 + $294,000
$1,069,000
2013
$14,117 (−1.4%)
$775,000 + $313,000
$1,088,000
2012
$14,324
$850,000 + $315,000
$1,165,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
4
Baths
2.5
Stories
2
Lot width
—
Lot depth
—
Lot size
4.63 Acres
Year renovated
2025
Sq. Ft.
4,266
Year built
2025
Style
Single Family Residential
County
Hennepin County
APN
06 117 23 41 0088
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 17, 2026.
Jan 1, 2027 • Active
Residential accessory structure building
Install a new swimming pool.
Pool and hot tub
Jan 1, 2027 • Final
Vegetation or tree removal within 75 ft. of lake
Grading
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Features: Attached Garage, Gravel
Garage Spaces: 2
Garage Dimensions: 21X19
Garage Sq. Ft.: 440
Carport Spaces: 0
Interior
Bedroom Information
# of Bedrooms: 4
Bathroom Information
# of Full Baths (Total): 2
# of Half Baths (Total): 1
Description: Full Primary,Private Primary,Main Floor 1/2 Bath,Upper Level 3/4 Bath