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Newest Homes for Sale in Tonka Bay, MN

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  • /48

    $2,295,000

    New Construction
    • 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
  • /41

    $574,900

    • 5 Beds
    • 2 Baths
    • 2,420 Sq Ft

    135 Pleasant Ln E, Excelsior, MN 55331

    Beautifully updated and move-in-ready five-bedroom home in a quiet, family-friendly cul-de-sac within the award-winning Minnetonka School District. Fresh carpet and paint throughout. Main-level living includes three bedrooms, with one that can be used as a den or home office, plus a large full bath with an updated vanity. The kitchen offers Energy Star stainless appliances, abundant counter space

    Margaret Trenary Trenary Realty Group

    135 Pleasant Ln E, Excelsior, MN 55331
  • /35

    $1,775,000

    New Construction
    • 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

    Agent Photo

    Michael Wasem

    Edina Realty, Inc.

    36 Lilah Ln, Excelsior, MN 55331
  • /33

    $485,000

    • 3 Beds
    • 1 Bath
    • 1,315 Sq Ft

    5320 Manitou Rd, Excelsior, MN 55331

    You'll fall in love with this charming and beautifully updated Tonka Bay gem that blends character with all the modern touches. The sun-filled kitchen has been thoughtfully refreshed and flows seamlessly into the welcoming living room and casual dining area, where the wood-burning fireplace creates the perfect gathering space for both quiet nights in and easy entertaining. Natural light fills the

    Tracy Knudsen RE/MAX Advantage Plus

    5320 Manitou Rd, 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
  • /41

    $597,400

    $70K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 1,000 Sq Ft

    175 Tonka Bay Rd, Excelsior, MN 55331

    New Price! Build, renovate, or enjoy today in one of Lake Minnetonka's most desirable communities. Set on a spacious 0.37-acre lot in the heart of Tonka Bay, this rare opportunity offers the perfect blend of lakeside living, privacy, and exceptional future potential.Nestled on a quiet peninsula between Echo Bay and Gideons Bay, you'll enjoy an unbeatable lifestyle with Wekota Beach Park,

    Bryan Tinajero RE/MAX Advantage Plus

    175 Tonka Bay Rd, Excelsior, MN 55331
  • /60

    $499,999

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

    5330 Manitou Rd, Excelsior, MN 55331

    Welcome to 5330 Manitou Road, a beautifully updated home in highly sought-after Tonka Bay, blending timeless character with thoughtful updates, including fresh paint and a brand-new roof completed in March 2026. The main living space features vaulted ceilings with stunning exposed beams, creating warmth, natural light, and an open feel perfect for everyday living and entertaining. Thoughtful

    Kerby Skurat RE/MAX Results

    5330 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
  • /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
  • /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
  • /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
  • /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
  • /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
  • /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

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 6.66%, your estimated principal and interest payment would be $6,430 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $276K 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.

Home Price 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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