20

Newest Homes for Sale in Tonka Bay, MN

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  • /35

    $500,000

    • 3 Beds
    • 3 Baths
    • 1,858 Sq Ft

    75 Pleasant Ln E, Excelsior, MN 55331

    Beautifully situated in a quiet, mature Tonka Bay neighborhood within the award-winning Minnetonka School District, this well-cared-for 3-bedroom, 3-bath home combines timeless charm with an unbeatable location. The sun-filled main level features gleaming hardwood floors, a spacious living room, and a classic kitchen with stainless steel appliances that flows seamlessly into the dining area with

    Kevin Butcher Edina Realty, Inc.

    75 Pleasant Ln E, Excelsior, MN 55331
  • /53

    $615,000

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

    5570 & 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

    5570 & 5580 Shorewood Ln, Excelsior, MN 55331
  • /31

    $2,850,000

    Coming Soon
    • 3 Beds
    • 2.5 Baths
    • 3,019 Sq Ft

    215 W Point Rd, Excelsior, MN 55331

    Wake up to glowing sunrises over the water and end your days with peaceful lake views from this beautifully updated home in the Minnetonka School District. Set on 80 feet of east-facing shoreline with a hard sandy bottom on A-rated Echo Bay, this property is designed for effortless lake living—whether you're launching a boat from the premium dock, kayaking at sunrise, or entertaining friends on

    Kristi Weinstock Coldwell Banker Realty

    215 W Point Rd, Excelsior, MN 55331
  • /60

    $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 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
  • /35

    $2,100,000

    • 3 Beds
    • 3.5 Baths
    • 2,824 Sq Ft

    175 Lakeview Ave, Excelsior, MN 55331

    Striking and truly one-of-a-kind, this custom Aspect Design Build seamlessly blends modern architecture with warm, organic finishes to create an unforgettable living experience in the heart of Lake Minnetonka, just moments from Wakota Beach, Tonka Bay Marina, Caribbean Marina, and Bay to Bay Boat Club. Thoughtfully curated wood and stone details, soaring vaulted ceilings, designer lighting, and

    Kristi Weinstock Coldwell Banker Realty

    175 Lakeview Ave, Excelsior, MN 55331
  • /34

    $575,000

    • 3 Beds
    • 2.5 Baths
    • 2,375 Sq Ft

    5465 Gideons Ln, Excelsior, MN 55331

    Beautifully updated and move-in ready townhome in Excelsior, great for one-level living. The updated kitchen features a large quartz island, stainless steel appliances, vaulted ceiling and excellent flow into the dining and living spaces, making it ideal for everyday living and entertaining.Enjoy cozy winter evenings by the gas fireplace in the living room, while the large sliding glass doors

    Kimberly Reeves Keller Williams Realty Integrity

    5465 Gideons Ln, 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
  • /10

    $609,900

    $30K PRICE DROP
    • 6 Beds
    • 4 Baths
    • 2,100 Sq Ft

    5415 Mallard Ln, Excelsior, MN 55331

    Don't miss this incredible duplex located on a corner lot 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

    Jason Bliss Coldwell Banker Realty

    5415 Mallard Ln, Excelsior, MN 55331
  • /11

    $2,590,000

    • Land
    • 19,166 Sq Ft
    • $5,886,364 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, scenic

    David Carlson Gatehouse Properties LTD

    4410 Manitou Rd, Excelsior, MN 55331
  • /34

    $2,295,000

    New Construction Open Thu 4PM - 6PM
    • 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
  • /43

    $3,500,000

    $400K PRICE DROP
    • 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
  • /43

    $1,250,000

    New Construction Open Sat 11AM - 1PM
    • 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 Open Sat 11AM - 1PM
    • 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 Open Sat 11AM - 1PM
    • 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
  • /2

    $2,399,000

    • Land
    • 17,859 Sq Ft
    • $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
  • /70

    $5,100,000

    • 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
  • /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
  • /44

    $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
  • /46

    $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

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, 55317 and 55364.
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 6.51%, your estimated principal and interest payment would be $6,330 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $271K 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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