Tonka Bay, MN Houses for Sale

/53
$3,300,000 Open Sun 1PM - 4PM
- 4 Beds
- 3 Baths
- 2,440 Sq Ft
465 Lakeview Ave, Excelsior, MN 55331

Beautifully updated home on premier “A”-rated Gideon Bay of Lake Minnetonka with 60 feet of prime, south-facing shoreline and unobstructed lake views. Enjoy level, walk-out access to the water and abundant natural light throughout, thanks to all of the expansive windows. Renovated by Revision by Stonewood in 2018 and meticulously maintained, this home blends timeless charm with modern updates.

Max Zinn Coldwell Banker Realty

465 Lakeview Ave, Excelsior, MN 55331
/38
$899,900
- 4 Beds
- 3.5 Baths
- 3,047 Sq Ft
240 W Point Rd, Excelsior, MN 55331

Perched on a serene hilltop with stunning views of Lake Minnetonka’s Echo Bay, this delightful 2-story home offers a rare blend of privacy, charm, and convenience. Nestled on nearly half an acre of wooded tranquility, it’s just steps from Wekota Beach, tennis courts, marinas, and scenic parks. The freshly updated interior features new paint, modern lighting, gleaming hardwood floors, and plush

Joshua W. Zuehlke Coldwell Banker Realty

240 W Point Rd, Excelsior, MN 55331
/64
$3,985,000
- 5 Beds
- 4.5 Baths
- 5,088 Sq Ft
165 Mound Ave, Excelsior, MN 55331

Like brand new but better!! Luxury lakeside living on A-rated Gideon Bay with panoramic views. Situated on an extra-deep lot, this custom 2021 build has 51' of sandy lake shore and a private beach. There is a chef's kitchen with a 10ft island, an 8-burner Thermador gas induction range and a dedicated back prep area. The stunning primary suite offers lake views, a spacious walk-in closet, and a

Angela Richter RE/MAX Results

165 Mound Ave, Excelsior, MN 55331
/61
$1,399,000
- 1 Bed
- 2 Baths
- 1,520 Sq Ft
475 Lakeview Ave, Excelsior, MN 55331

Opportunity knocks. Offered for the first time in over 50 years. Nestled on a secluded no-outlet road, this unique lake home offers the perfect blend of tranquility, charm, and untapped potential. Just steps away from the water’s edge with 40 feet of South facing lakeshore on Gideon's Bay, boasting breathtaking panoramic lake views. Enjoy the spacious screened-in deck, designed to soak in the

Kerby Skurat RE/MAX Results

475 Lakeview Ave, Excelsior, MN 55331
/54
$1,199,000 Open Sun 12PM - 2PM
- 3 Beds
- 2.5 Baths
- 2,615 Sq Ft
30 Interlachen Ln, Excelsior, MN 55331

This is a rare opportunity to enjoy lake life in a newly renovated walk-out with owned out-lot and dock/lift on Lake Minnetonka. Every room in this home has been updated: new Windows, Doors, Furnace, and Roof (with 50 year transferable warranty)! This 3 bedroom, 3 bath home is a Must-See; situated only 3 miles from downtown Excelsior and 1 mile from groceries, restaurants, hardware store, and gas

Paul Larson Coldwell Banker Realty

30 Interlachen Ln, Excelsior, MN 55331
/8
$4,895,000 New Construction
- 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
/29
$2,395,000 New Construction
- 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

Minnesota Tonka Bay

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

Home Trends in Tonka Bay, MN

On average, homes in Tonka Bay, MN sell after 54 days on the market compared to the national average of 51 days. The median sale price for homes in Tonka Bay, MN over the last 12 months is $1,900,000, up 10% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$1,900,000

Median Single Family Sale Price

$1,935,000

Median Townhouse Sale Price

$895,000

Average Price Per Sq Ft

$628

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

5.50

Median List Price

$1,900,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

10%

How to Buy a Home How to Finance a Home How to Sell a Home

In Tonka Bay, there are currently 7 houses for sale, offering an array of options for potential buyers. With houses priced between $899,900 to $4,895,000, there's a range to accomodate every budget. As of July, 2025 the median home price in Tonka Bay is $1,900,000, while the average sale price is $1,746,846, offering insights into the local housing market. On average, houses spend 54 days listed before being sold. Whether you're searching for a single-family residence, exploring single-family detached houses for sale, or considering new construction houses for sale, there are options to cater to different lifestyles. Explore the listings and houses for sale in Tonka Bay, MN and find the perfect place to call home.

Tonka Bay Types of Homes for Sale

Tonka Bay Real Estate Listings

Tonka Bay New Construction Homes

More About Living in Tonka Bay

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