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Tonka Bay, MN Homes for Sale

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  • /48

    $1,310,000 Open Sat 12:30PM - 2:30PM

    • 3 Beds
    • 2.5 Baths
    • 2,988 Sq Ft

    5651 Buffington Ln, Shorewood, MN 55331

    Introducing Lake Park Villas, an exclusive community of 11 luxury main-level living twin homes. These new construction residences are a design-build collaboration between Architect, Jeff Ziebarth, and Builder, ADOR Bespoke Homes. Crafted with exceptional attention to detail, each thoughtfully designed three bedroom, three bathroom villa offers 2,988 finished square feet. Inside, white oak wood

    Sarah Polovitz Compass

    5651 Buffington Ln, Shorewood, MN 55331
  • /48

    $1,299,000 Open Sat 12:30PM - 2:30PM

    • 3 Beds
    • 2.5 Baths
    • 2,988 Sq Ft

    5655 Buffington Ln, Shorewood, MN 55331

    Introducing Lake Park Villas, an exclusive community of 11 luxury main-level living twin homes. These new construction residences are a design-build collaboration between Architect, Jeff Ziebarth, and Builder, ADOR Bespoke Homes. Crafted with exceptional attention to detail, each thoughtfully designed three bedroom, three bathroom villa offers 2,988 finished square feet. Inside, white oak wood

    Sarah Polovitz Compass

    5655 Buffington Ln, Shorewood, MN 55331
  • /69

    $2,600,000

    • 3 Beds
    • 2.5 Baths
    • 3,051 Sq Ft

    4286 Circle Rd, Excelsior, MN 55331

    Welcome to 4286 Circle Road in Tonka Bay with Minnetonka Schools. This builder’s home has been remodeled to perfection and was designed to take in the incredible panoramic East Upper Lake sunset views. Situated on a premium perfectly flat lot with 50 feet of sandy bottom lakeshore, you’ll never want to leave! You’re just steps away from A quality water to enjoy boating and all the recreational

    Michael Bartus Lakes Sotheby's International

    4286 Circle Rd, Excelsior, MN 55331
  • /70

    $5,400,000

    • 5 Beds
    • 8 Baths
    • 8,263 Sq Ft

    230 Birch Bluff Rd, Excelsior, MN 55331

    Rare opportunity to own this well-appointed home with panoramic views of Carman Bay. Sandy beach, gorgeous sunsets, level lot and close proximity to downtown Excelsior. 230 Birch Bluff Road is a grand Tuscan two story and boasts 8263 square feet including a 3-car garage with a separate shop and storage. Main floor kitchen has a large center island, generous workspace, and hearth room. 5 bedrooms

    Kimberly Henderson Coldwell Banker Realty

    230 Birch Bluff Rd, Excelsior, MN 55331
  • /46

    $1,150,000 Open Sat 12:30PM - 2:30PM

    • 3 Beds
    • 2.5 Baths
    • 2,988 Sq Ft

    5650 Buffington Ln, Excelsior, MN 55331

    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

    Sarah Polovitz Compass

    5650 Buffington Ln, Excelsior, MN 55331
  • /3

    $2,295,000

    • 3 Beds
    • 2 Baths
    • 1,750 Sq Ft

    36 Interlachen Ct, Excelsior, MN 55331

    Gorgeous Lake Minnetonka build site overlooking 100’+ on Lafayette Bay! Enjoy long water views and “A” grade water quality with sandy lakeshore. Tranquil .47 acre setting at the end of a non-through street offering unparalleled privacy. First time available in 44 years! Located just minutes to all the amenities downtown Excelsior has to offer! Premier Minnetonka School District. Structure on the

    Jeffrey Dewing Coldwell Banker Realty

    36 Interlachen Ct, Excelsior, MN 55331
  • /67

    $3,690,000

    • 5 Beds
    • 4.5 Baths
    • 5,088 Sq Ft

    165 Mound Ave, Excelsior, MN 55331

    Like brand new but better!! Luxury lakeside living on A-rated Gideon Bay with panoramic views. Situated on an extra-deep lot, this custom 2021 build has 51' of sandy lake shore and a private beach. There is a chef's kitchen with a 10ft island, an 8-burner Thermador gas induction range and a dedicated back prep area. The stunning primary suite offers lake views, a spacious walk-in closet, and a

    Angela Richter RE/MAX Results

    165 Mound Ave, Excelsior, MN 55331
  • /8

    $4,450,000 New Construction

    • 3 Beds
    • 3.5 Baths
    • 3,713 Sq Ft

    4330 Manitou Rd, Excelsior, MN 55331

    Gorgeous to-be-built home by James McNeal Architecture and Design, and built by Water Street Homes! Enjoy this stunning condo-alternative offering one-level living and an open floorplan showcasing beautiful water views at every turn! Tranquil lakeside Primary Suite with spa-like bath; junior suite; office; and 3rd bedroom/flex room. 3-car heated garage with epoxy floor. Breathtaking west facing

    Jeffrey Dewing Coldwell Banker Realty

    4330 Manitou Rd, Excelsior, MN 55331
  • /29

    $2,395,000 New Construction

    • 3 Beds
    • 2 Baths
    • 2,616 Sq Ft

    4650 Manitou Rd, Excelsior, MN 55331

    Bayview, an exciting new, warm contemporary design that may be modified to meet buyers satisfaction. The lot provides westerly views of Lake Minnetonka and northeasterly views of a wetland in the distance. Stunning, Architectural work provided by Alexander Design Group. All Main Level Living. Property is assigned to the award winning, Minnetonka School district. Outdoor Pool is optional.

    Cindy Redmond Coldwell Banker Realty

    4650 Manitou Rd, Excelsior, MN 55331
  • /2

    $2,280,369 New Construction

    • 5 Beds
    • 3.5 Baths
    • 5,571 Sq Ft

    85 Brentwood Ave, Excelsior, MN 55331

    This stunning custom-designed new construction home offers 5,571 finished square feet, providing ample space for both relaxation and entertainment. It features five generously sized bedrooms, including one that can easily be converted into an office. The house boasts three and a half beautifully designed bathrooms, thoughtfully planned for both functionality and comfort. For wine lovers, there is

    Kristen Lervick Keller Williams Realty Integrity Lakes

    85 Brentwood Ave, Excelsior, MN 55331
  • /3

    $2,295,000

    • Land
    • 0.47 Acre
    • $4,882,979 per Acre

    36 x Interlachen Ct, Tonka Bay, MN 55331

    Gorgeous Lake Minnetonka build site overlooking 100’+ on Lafayette Bay! Enjoy long water views and “A” grade water quality with sandy lakeshore. Tranquil .47 acre setting at the end of a non-through street offering unparalleled privacy. First time available in 44 years! Located just minutes to all the amenities downtown Excelsior has to offer! Premier Minnetonka School District. Structure on the

    Jeffrey Dewing Coldwell Banker Realty

    36 x Interlachen Ct, Tonka Bay, MN 55331
  • /58

    $649,900

    • 3 Beds
    • 2 Baths
    • 1,973 Sq Ft

    25 Waseca Ave, Excelsior, MN 55331

    Totally updated and move-in ready! This adorable Tonka Bay home features fresh, modern colors, an open-concept layout, main-floor laundry, and three bedrooms on the main level. Updated baths and stylish finishes throughout. Spacious lot with oversized two-car garage plus an extra parking pad—perfect for lake toys! Charming lakeside neighborhood with its own marina, restaurant, and nearby trails

    Christy Kimbrel Keller Williams Premier Realty Lake Minnetonka

    25 Waseca Ave, Excelsior, MN 55331
  • /35

    $997,700

    • 3 Beds
    • 2.5 Baths
    • 2,100 Sq Ft

    50 Willow Wood Dr, Excelsior, MN 55331

    Welcome to Willow Woods in Tonka Bay. The standout feature is the dock slip on Lake Minnetonka, providing direct access to the lake for boating, fishing or enjoying summer activities. Award winning Minnetonka schools! This location offers a tranquil escape while being conveniently close to Excelsior, parks, bike paths and recreational opportunities, making it an ideal lakeside retreat. The home

    Margaret Trenary Trenary Realty Group

    50 Willow Wood Dr, Excelsior, MN 55331
  • /5

    $1,495,000

    • Land
    • 0.21 Acre
    • $7,119,048 per Acre

    45 Lakeview Ave, Excelsior, MN 55331

    This spectacular Lake Minnetonka building site offers sweeping Northeast views of Big Island, Echo Bay, and beyond. With 100 feet of sandy shoreline in storied Tonka Bay, just outside of downtown Excelsior, you'll find this the perfect place to design and build your next home with Landschute. Award winning Minnetonka Schools, Minnewashta Elementary, and Minnetonka Middle School West.

    Mike Monson The Landschute Group,Inc.

    45 Lakeview Ave, Excelsior, MN 55331
  • /4

    $2,399,000

    • Land
    • 0.41 Acre
    • $5,851,220 per Acre

    4330 Manitou Rd, Excelsior, MN 55331

    Breathtaking setting offering unparalleled west-facing sunset views overlooking 104' of level rip-rap shoreline. “A” grade water quality. Adjacent fire lane creates an additional buffer. Ideally located between Wayzata and Excelsior. Bring the builder of your choice!

    Jeffrey Dewing Coldwell Banker Realty

    4330 Manitou Rd, Excelsior, MN 55331
  • /17

    $399,900

    • 3 Beds
    • 1 Bath
    • 1,152 Sq Ft

    25 Woodlawn Ave, Excelsior, MN 55331

    Opportunity knocks with this 3BR/1BA home in the heart of Tonka Bay! Just a short walk to Lake Minnetonka and minutes from downtown Excelsior’s shops and dining, this property offers incredible potential. With a little TLC, you can build instant sweat equity in a highly sought-after, award-winning school district. Enjoy convenient walkable lake access via a nearby fire lane—ideal for swimming,

    Khalid Mansour Real Estate Corners, Inc

    25 Woodlawn Ave, Excelsior, MN 55331
  • /55

    $1,179,000

    • 3 Beds
    • 2.5 Baths
    • 2,615 Sq Ft

    30 Interlachen Ln, Excelsior, MN 55331

    This is a rare opportunity to enjoy lake life in a newly renovated walk-out with owned out-lot and dock/lift on Lake Minnetonka. Every room in this home has been updated: new Windows, Doors, Furnace, and Roof (with 50 year transferable warranty)! This 3 bedroom, 3 bath home is a Must-See; situated only 3 miles from downtown Excelsior and 1 mile from groceries, restaurants, hardware store, and gas

    Paul Larson Coldwell Banker Realty

    30 Interlachen Ln, Excelsior, MN 55331

Why Live in Tonka Bay

Tonka Bay, MN, is a small lakeside community on Lake Minnetonka, just under one square mile in size and located 20 miles west of downtown Minneapolis. Known for its luxurious lake life and active lifestyle, Tonka Bay offers a picturesque setting that feels like a vacation year-round. The city has a rich history, including the propagation of the Wealthy apple by horticulturist Peter Gideon in 1864 and the establishment of the Tonka Bay Marina on Echo Bay. The real estate market is highly competitive, with lakefront homes driving up prices, and limited inventory under $1 million. Families are served by the Minnetonka Public School District, which is highly rated and offers programs such as Spanish language immersion at Minnewashta Elementary School. Tonka Bay has limited commercial development, but residents can enjoy local dining at Caribou Coffee and Hazelwood Food and Drink, or recreational activities at Country Club Lanes. The community features expansive green spaces, public parks, and water access, with wildlife sightings common in residential areas. Manitou Park is undergoing renovations to include new baseball fields, a playground, and a hockey rink. Tonka Bay is investing in infrastructure improvements, including water main replacements and road resurfacing, enhancing the quality of life for its residents.

Frequently Asked Questions

What are the most popular zip codes in Tonka Bay, MN?
The most popular zip codes in Tonka Bay, MN include 55331, 55391, 55384, 55364 and 55317.
How are the schools in Tonka Bay, MN?
Tonka Bay, MN has highly rated public and private schools. Some of the best schools in Tonka Bay based on Niche Grades are Minnetonka Senior High School, Orono Senior High School and Minnewashta Elementary School. Browse all the schools in Tonka Bay, MN to learn more.
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