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Tonka Bay, MN Homes for Sale

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  • /56

    $1,299,000 New Construction

    • 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

    $1,310,000 New Construction

    • 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
  • /47

    $1,150,000 New Construction

    • 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

    $550,000 Open Sat 10AM - 12PM

    • 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
  • /66

    $3,690,000 Coming Soon

    • 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
  • /2

    $2,280,000 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
  • /29

    $2,395,000 Coming Soon

    • 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
  • /10

    $3,245,000

    • 4 Beds
    • 3.5 Baths
    • 3,101 Sq Ft

    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 historic Tonka Bay, just outside of downtown Excelsior, you'll find this is the perfect place to build your new lake home with Landschute. The floor plan will offer 4 bedrooms, 4 bathrooms, with a lakeside porch and a walk-out basement for easy

    Mike Monson The Landschute Group,Inc.

    45 Lakeview Ave, Excelsior, MN 55331
  • /10

    $1,495,000

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

    45X Lakeview Ave, Tonka Bay, 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.

    45X Lakeview Ave, Tonka Bay, MN 55331
  • /101

    $1,599,000

    • 4 Beds
    • 4.5 Baths
    • 3,259 Sq Ft

    55 Interlachen Dr, Excelsior, MN 55331

    Experience the best of Lake Minnetonka living with this one-of-a-kind Tonka Bay gem, offering over 3,200 finished square feet of thoughtfully designed space in a prime waterfront location. Set on a .75-acre lot with 75 feet of shoreline along a quiet channel leading to Lafayette Bay, this property combines privacy, effortless water access and year-round enjoyment. A rare year-round dock sets this

    Kerby Skurat RE/MAX Results

    55 Interlachen Dr, Excelsior, MN 55331
  • /58

    $3,100,000 Coming Soon

    • 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
  • /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
  • /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
  • /5

    $625,000

    • 6 Beds
    • 4 Baths
    • 3,300 Sq Ft

    5420 Mallard Ln, Excelsior, MN 55331

    Don't miss this incredible duplex located in the highly desirable Minnetonka School District. This side by side duplex offers flexibility for owner-occupants, investors or buyers considering a potential 1031 exchange. Each unit includes three bedrooms and two bathrooms, along with a fireplace, private deck and attached garage. The property is just blocks from the regional trail system and minutes

    Jason Bliss Coldwell Banker Realty

    5420 Mallard 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 St John the Baptist Catholic Montessori School. Browse all the schools in Tonka Bay, MN to learn more.
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