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Tonka Bay, MN Homes for Sale

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  • /48

    $1,150,000 Open Sun 12PM - 6PM

    • 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
  • /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
  • /57

    $1,299,000 Open Sun 12PM - 6PM

    • 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
  • /48

    $1,250,000 Open Sun 12PM - 6PM

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

    5654 Buffington Ln, Tonka Bay, 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

    5654 Buffington Ln, Tonka Bay, MN 55331
  • /49

    $1,310,000 Open Sun 12PM - 6PM

    • 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

    $1,275,000 Open Sun 12PM - 6PM

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

    5624 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

    5624 Buffington Ln, Excelsior, MN 55331
  • /55

    $1,299,000 Open Sun 12PM - 6PM

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

    5621 Buffington Ln, Excelsior, 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

    5621 Buffington Ln, Excelsior, MN 55331
  • /58

    $2,250,000

    • 4 Beds
    • 4.5 Baths
    • 5,421 Sq Ft

    45 Gideons Point Rd, Excelsior, MN 55331

    Don't miss this beautiful coastal-inspired home in the demand Gideon's Point neighborhood! This picturesque, custom-built home comes with a deeded 32 x 14 foot overed deep water boat slip, providing lake life without the shore upkeep and lakeshore taxes. Located on Grade-A rated Gideon's Bay (Lower Lake) on Lake Minnetonka, the home is also in the award-winning Minnetonka School District! This

    Carolyn Olson Coldwell Banker Realty

    45 Gideons Point Rd, Excelsior, MN 55331
  • /66

    $3,565,000

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

    165 Mound Ave, Excelsior, MN 55331

    Like-new construction on Lake Minnetonka, only better! This exceptional 2021 custom-built luxury home is set on sought after Gideon Bay with 51 feet of sandy, level shoreline, a private beach, and panoramic lake views. Situated on an extra deep lot just minutes from downtown Excelsior, this property offers the rare combination of privacy, walkability, and premier lakeside living. Designated for

    Angela Richter RE/MAX Results

    165 Mound Ave, Excelsior, MN 55331
  • /57

    $525,000

    • 4 Beds
    • 2 Baths
    • 1,854 Sq Ft

    5330 Manitou Rd, Excelsior, MN 55331

    Welcome to 5330 Manitou Road, a beautifully updated home nestled in the heart of highly sought-after Tonka Bay. This inviting residence blends timeless character with modern updates, all set just minutes from the lake and local amenities. The main living space is truly a showstopper, featuring a vaulted ceiling with stunning exposed beams that create warmth, architectural interest, and a sense of

    Kerby Skurat RE/MAX Results

    5330 Manitou Rd, Excelsior, MN 55331
  • /41

    $3,500,000

    • 4 Beds
    • 4.5 Baths
    • 4,820 Sq Ft

    4770 Manitou Rd, Excelsior, MN 55331

    Architecturally pleasing with refined modern influence, this exceptional lakefront residence rests on .66 acres with 104’ of perfectly elevated shoreline on Lake Minnetonka. Tucked at the end of a long driveway, the setting offers sweeping water views and unforgettable sunsets. Designed for effortless main-level living, expansive gathering spaces feature walls of windows which frame the lake with

    Brette Hermann Edina Realty, Inc.

    4770 Manitou Rd, Excelsior, MN 55331
  • /10

    $2,295,000 New Construction

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

    85 Brentwood Ave, Excelsior, MN 55331

    This stunning custom-designed new construction with views of LAKE MINNETONKA. Property offers 5,571 finished square feet, providing ample space for both relaxation and entertainment. WALK OUT your back door to access Lake Minnetonka Regional trail system. Just minutes to DT Excelsior by foot or bike. OR conveniently out your front door to access Lake Minnetonka and pop in your kayak or

    Kristen Lervick Keller Williams Realty Integrity Lakes

    85 Brentwood Ave, Excelsior, MN 55331
  • /29

    $2,395,000

    • 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. Contact

    Cindy Redmond Coldwell Banker Realty

    4650 Manitou Rd, Excelsior, MN 55331
  • /58

    $3,100,000

    • 4 Beds
    • 4 Baths
    • 3,190 Sq Ft

    245 Lakeview Ave, Excelsior, MN 55331

    Lake Minnetonka Lakeshore! Prime Lower Lake location with clear water, hard sand bottom and level lakeside lawn. Kathy Alexander–designed and Ador built, this two-story lives like new construction. Panoramic views of the water stretch across Excelsior, Gale Island, and beyond — perfect for watching the Excelsior fireworks from your own backyard. Inside, a crisp white interior features hardwood

    Gregg Larsen Coldwell Banker Realty

    245 Lakeview Ave, Excelsior, MN 55331
  • /2

    $225,000

    • Land
    • 0.26 Acre
    • $865,385 per Acre

    15 Pleasant Ave, Excelsior, MN 55331

    Bring your Builder! Minnetonka Schools, close to the trail and DT Excelsior@!

    Gregory Winegarden Coldwell Banker Realty

    15 Pleasant Ave, Excelsior, MN 55331
  • /2

    $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
  • /8

    $4,450,000

    • 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
  • /55

    $639,900

    • 6 Beds
    • 4 Baths
    • 2,230 Sq Ft

    5580 Shorewood Ln, Excelsior, MN 55331

    Exceptional investment and lifestyle opportunity in the heart of Shorewood! This outstanding duplex is ideally located just steps from the Lake Minnetonka Regional Trail, offering direct access into downtown Excelsior where you’ll enjoy restaurants, boutique shopping, and vibrant lake life year-round. Walk or bike to nearby Tonka Bay for additional dining favorites including Hazelwood and Joey

    Jeff Holmers Keller Williams Premier Realty Lake Minnetonka

    5580 Shorewood 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 is the average home price in Tonka Bay, MN?
Homes for sale in Tonka Bay, MN have an average home price of $1,250,000.
How many homes have sold over the last 12 months in Tonka Bay, MN?
0 homes have sold in Tonka Bay, MN over the last 12 months.
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 much do you need to make to afford a house in Tonka Bay?
The median home price in Tonka Bay is $1,250,000. If you put a 20% down payment of $250,000 and had a 30-year fixed mortgage with an interest rate of 6.38%, your estimated principal and interest payment would be $6,240 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $267K a year to afford the median home price in Tonka Bay. Learn how much home you can afford with our Home Affordability Calculator.
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 St John the Baptist Catholic Montessori School. Browse all the schools in Tonka Bay, MN to learn more.

Home Trends in Tonka Bay, MN

Housing Trends

Median Single Family Sale Price
$1,250,000
Average Price Per Sq Ft
$418
Number of Homes for Sale
1
Last 12 months Home Sales
0
Median List Price
$1,250,000
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