Tonka Bay, MN Homes for Sale

/38
$1,675,000

New Construction Open Sat 12PM - 1:30PM $100K PRICE DROP
- 4 Beds
- 6 Baths
- 3,812 Sq Ft
36 Lilah Ln, Excelsior, MN 55331

Experience luxury new construction at 36 Lilah Lane in coveted Tonka Bay. Built by Boone Builders, this awesome property blends sophisticated contemporary design with warm, inviting finishes and exceptional wooded privacy. The open main level showcases 10' ceilings with in floor radiant heat throughout,wide-plank engineered wood floors, gourmet kitchen with oversized center island, custom

Michael Wasem

Edina Realty, Inc.

36 Lilah Ln, Excelsior, MN 55331
Explore Tonka Bay
/21
$1,875,000

New Construction Open Sat 12PM - 1:30PM
- 4 Beds
- 6 Baths
- 4,443 Sq Ft
40 Lilah Ln, Excelsior, MN 55331

Modern design meets a peaceful, wooded setting in this newly built Tonka Bay home. Clean architectural lines, a striking mix of exterior finishes, expansive windows, and a landscaped lawn make a memorable first impression. A generous maintenance free deck extends the living space outdoors, with room to relax or entertain among the trees.Inside, the floor plan offers approximately 4,443

Michael Wasem

Edina Realty, Inc.

40 Lilah Ln, Excelsior, MN 55331
/43
$1,275,000

New Construction
- 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
/43
$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
/46
$1,195,000

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
/43
$1,250,000

New Construction
- 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
/46
$1,299,000

New Construction
- 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
/49
$535,000
- 4 Beds
- 2 Baths
- 2,105 Sq Ft
10 Woodlawn Ave, Excelsior, MN 55331

Your own private oasis in the heart of Tonka Bay! Set on a spacious .59-acre lot with mature trees and peaceful wetland views, this 4-bedroom, 2-bath home offers the perfect blend of privacy and Lake Minnetonka lifestyle. Walk via the nearby fire lane to Lake Minnetonka or downtown Excelsior or hop not he Regional Trail.Inside, the bright and inviting main level features hardwood floors and

Richard Webb RE/MAX Results

10 Woodlawn Ave, Excelsior, MN 55331
/11
$2,440,000

$150K PRICE DROP
- Land
- 19,166 Sq Ft
- $5,545,455 per Acre
4410 Manitou Rd, Excelsior, MN 55331

Experience lakeside living at its finest on this exceptional Lake Minnetonka lot, featuring 140 feet of level, A-rated sandy lakeshore on East Upper Lake. Nearly half an acre of southwest-facing shoreline offers miles of panoramic views and breathtaking sunsets over the water.This prime location combines peace and privacy with incredible convenience—just minutes from downtown Excelsior,

David Carlson Gatehouse Properties LTD

4410 Manitou Rd, 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
/66
$2,249,000

New Construction Open Sat 12PM - 3PM
- 4 Beds
- 3.5 Baths
- 4,262 Sq Ft
15 Maple Hill Dr, Excelsior, MN 55331

A rare expression of luxury, craftsmanship, and the Lake Minnetonka lifestyle, 15 Maple Hill is an extraordinary custom rambler where no detail has been overlooked. Set in the coveted community of Tonka Bay, this exceptional residence combines timeless architecture with sophisticated design, impeccable craftsmanship, and top-tier finishes throughout. From the moment you arrive, the quality is

Jeff Holmers Keller Williams Premier Realty Lake Minnetonka

15 Maple Hill Dr, Excelsior, MN 55331
/57
$1,249,000

Open Sat 1PM - 3PM
- 4 Beds
- 4 Baths
- 3,336 Sq Ft
20 Willow Wood Dr, Excelsior, MN 55331

Lake Minnetonka living without the lakefront taxes! Beautifully updated Tonka Bay home withdeeded lake access and dock for up to a 24' boat. The spacious main level features gorgeous hardwood floors, abundant natural light, wood-burning fireplace, and large windows with GideonBay views. Updated eat-in kitchen, inviting 4-season porch, and expansive deck overlook the private .64-acre

Susan Marty RE/MAX Advantage Plus

20 Willow Wood Dr, Excelsior, MN 55331
/44
$3,450,000
- 4 Beds
- 4.5 Baths
- 4,820 Sq Ft
4770 Manitou Rd, Excelsior, MN 55331

Perfectly positioned on one of Lake Minnetonka's most desirable settings, this exceptional lakefront residence offers the rare combination of an outstanding on-and-off-the-water location, ideal elevation, and coveted main-level living. Set on .66 acres with 104 feet of beautiful lakeshore on Old Channel Bay with exceptional water quality, the property captures sweeping water views and beautiful

Brette Hermann Edina Realty, Inc.

4770 Manitou Rd, Excelsior, MN 55331
/12
$4,995,000
- 4 Beds
- 5 Baths
- 4,664 Sq Ft
4410 Manitou Rd, Excelsior, MN 55331

Experience lakeside living at its finest with this to-be-built home on the shores of beautiful Lake Minnetonka. Perfectly positioned on a west-facing lot, enjoy stunning sunset views over sparkling waters every evening. The level lot provides effortless access to a sandy lake bottom—ideal for swimming, boating, and relaxing by the shore.Designed for comfort and convenience, the main floor

David Carlson Gatehouse Properties LTD

4410 Manitou Rd, Excelsior, MN 55331
/48
$2,295,000

New Construction Open Sat 12PM - 6PM
- 5 Beds
- 3.5 Baths
- 5,571 Sq Ft
85 Brentwood Ave, Excelsior, MN 55331

NOW COMPLETE - BEAUTIFUL & READY TO ENJOY! Experience exceptional new construction just one block from Lake Minnetonka and moments from the heart of Excelsior.Thoughtfully crafted by a premier luxury builder, this newly completed residence pairs sophisticated design, elevated finishes and effortless everyday living in an incredible location. A negotiated Lake Minnetonka boat slip is

Kristen Lervick Keller Williams Realty Integrity Lakes

85 Brentwood Ave, Excelsior, MN 55331
/27
$525,000
- 3 Beds
- 2 Baths
- 1,892 Sq Ft
24850 Amlee Rd, Excelsior, MN 55331

Welcome to this beautifully reimagined 3-bedroom home, tucked away on a quiet cul-de-sac and backing directly to the scenic Hennepin county LRT Trail. Ideally located just minutes from Manitou Park, Crescent Beach, and the charm of historic Excelsior, this home offers the perfect blend of privacy, recreation, and convenience within the highly sought-after Minnetonka School District/Minnewashta

Peter Evans Coldwell Banker Realty - Lakes

24850 Amlee Rd, Excelsior, MN 55331

Minnesota Hennepin County

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.

Learn more about living in Tonka Bay

Tonka Bay, MN Home Prices

	Tonka Bay, MN
Median Home Price	$1,250,000
Avg. Price per Square Foot	$418
Median Single Family Price	$1,250,000
Total Active Listings	16 listings

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 is the average household income in Tonka Bay, MN?

The average household income in Tonka Bay, MN is $177K.

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 7.03%, your estimated principal and interest payment would be $6,670 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $286K a year to afford the median home price in Tonka Bay. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Tonka Bay is $177K.

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 Westonka Middle School. Browse all the schools in Tonka Bay, MN to learn more.

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