$1,307,556Average Value$418Average Price per Sq Ft1Home For Sale
Tonka Bay offers lake living and a rich local history
A jewel on lovely Lake Minnetonka, tiny Tonka Bay is the smallest of the lakeside communities at just under one square mile. Only 20 miles west of downtown Minneapolis, this sleepy city somehow feels a world away from the hustle and bustle. Lake life is real in this luxury locale, an ideal home for outdoor enthusiasts and those seeking an active lifestyle in a picture-perfect setting. “We had a friend visit from out of state this summer, and she marveled, saying it was like we’re on vacation all the time,” says Tonka Bay City Council Member Tim Connelly. “And that’s how it feels to a large extent, particularly in the summer, because we’re out on the lake every day soaking up the sun.”
Incorporated in 1901, history had already been made by that time in Tonka Bay. In 1864, noted Horticulturist Peter Gideon claimed 160 acres of what is now the city and propagated the Wealthy apple, which can survive the notorious Minnesota winters and was named after his wife. His community contributions led to the naming of Gideon Bay, which still exists today. In 1908, the Minnetonka Boat Club on Echo Bay drew people in droves. That would eventually become the Tonka Bay Marina, the largest full-service marina on Lake Minnetonka, built on the site of the historic Tonka Bay Hotel.
Tonka Bay is already a destination for prospective new residents, but the city’s forward-facing vision for the future makes it an even more attractive locale. “The big project in town right now is the replacement of our water main,” Connelly says. “We’re investing millions of dollars and trying to improve our infrastructure.” The city then plans to resurface every road in town, starting at the south end and working its way north. “It’s not the sexiest things you can put your money into, but they will enhance our quality of life for many years to come,” Connelly says. “That’s kind of where we are as a city right now.”
Boating is central to life on Lake Minnetonka.
Many homes in Tonka Bay are lakefront and highly sought after.
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Real estate includes century-old homes and new townhouses
Tonka Bay is a coveted and exclusive community, and the highly competitive real estate market reflects that. Buyers on a budget beware – the 12-month median price was $1.8 million in October 2023. There is limited inventory under $1 million, with lakefront home prices that can climb as high as $6 million. “We have a high percentage of homes on the lake because we’re kind of a peninsula, so that drives up the cost,” Connelly says. Tonka Bay’s earliest homes were built around the turn of the 20th century, but construction has stayed slow and steady, with an average of about 50 homes built or rebuilt every decade since 1970. “In terms of our housing stock, we’re pretty well built out now, and redevelopment is the only opportunity,” Connelly says. “Aside from a small parcel of town houses that are being built, what we have is what we have.”
Many lakefront homes in Tonka Bay fetch prices approaching $6M.
Tonka Bay is a coveted and exclusive community, with a highly competitive real estate market.
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The district includes Blue Ribbon and AP award-winning schools
Families with children in Tonka Bay are served by the Minnetonka Public School District, named the second-best district in Minnesota by Niche in 2023. "A Minnetonka education is on par with, and in many cases superior to, a more expensive private education," Connelly says. Students may start their education at Minnewashta Elementary School in nearby Shorewood. The school offers the state’s premier Spanish language immersion program beginning in kindergarten. Minnetonka West Middle School in Chaska was named a National Blue Ribbon School in 2021 and recognized for outstanding commitment to music education in 2022. At Minnetonka Senior High School in Minnetonka, at least 68% of students are proficient in math and 80% in reading.
Minnewashta Elementary School serves a number of area communities.
Minnetonka Senior High School in Minnetonka, MN serves many local communities.
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Manitou Park upgrades add new play areas and hockey rink
Rich in waterfront, Tonka Bay’s beautiful surroundings include expansive green spaces, public parks and plenty of water access. “It’s kind of neat to just have wildlife in your backyard,” Connelly says. “We see a lot of deer and the occasional fox, then you’ve got owls hooting at you from the trees.” Situated on Echo Bay, Tonka Bay Marina sits adjacent to Wekota Beach and Park. “Manitou Park is our flagship park, and we’re redoing that right now,” Connelly says. “We put in a new baseball field, and we’re going to put in another baseball field, a playground with a new play structure, and a hockey rink with a warming house.”
The Lake Minnetonka Regional Trail offers biking and walking access to nature.
Centrally located in Tonka Bay, Manitou Park has been undergoing major upgrades.
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Most shopping and nightlife is in nearby Excelsior
Primarily residential and quiet by design, Tonka Bay has limited commercial development. “If you need groceries or want to spend a night on the town, you’re probably going to Excelsior,” Connelly says. But there are a few entertainment and dining destinations within city borders. Famously warm and rustic, Caribou Coffee on Manitou Road is a national chain java joint known for its signature drinks and breakfast options. Next door is Hazelwood Food and Drink, a well-known local chain with four locations in the Twin Cities. Known for delicious and fresh modern comfort food, this trendy venue is open seven days a week and is a popular breakfast and brunch spot on the weekends. Outdoor patio seating in the summer months is spacious and lush, boasting plentiful planters potted with vibrant flowers. Country Club Lanes is the perfect place for a neighborhood meetup or birthday party.
Country Club Lanes in is a great place to meet up with friends.
Kowalski's Market in Excelsior, MN serves local and regional lake communities.
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Photography Contributed By
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Video By
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Introducing Lake Park Villas, an exclusive community of 11 luxury main-level living twin homes. Built by ADOR Bespoke Homes, these new construction residences are thoughtfully designed villas offering three bedrooms, three bathrooms, and 2,988 finished square feet. Customize your new home with a variety of design selections and upgrade options. Located within minutes of charming Downtown
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Introducing Lake Park Villas, an exclusive community of 11 luxury main-level living twin homes. Built by ADOR Bespoke Homes, these new construction residences are thoughtfully designed villas offering three bedrooms, three bathrooms, and 2,988 finished square feet. Customize your new home with a variety of design selections and upgrade options. Located within minutes of charming Downtown
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