Real Estate Statistics
|Avg. Days On Market||84|
Property Types (active listings)
Tonka Bay Highlights:
The first of Lake Minnetonka's grand hotels was built in Tonka Bay in 1879. The Tonka Bay Hotel had 200 rooms, and its visitors arrived from Minneapolis via the railroad. The boating, fishing, tennis, and dining brought in a wealthy crowd from downtown, and the hotel could charge $3 a night! Details are a bit sketchy, but sometime between the 1920s and 1930's, ownership changed hands and led to the demise of the Tonka Bay Hotel.
Tonka Bay Marina sits where the Tonka Bay Hotel used to be. The Marina is one of the largest on the Lake with its acquisition of the Excelsior Bay Docks in 2000, its acquisition of the St Albans Bay Docks in 2005, and most recently, the acquisition of the Shorewood Yacht Club.
Tonka Bay is about one square mile and has more Minnetonka shoreline than any other city its size. It's a small quaint village with about 650 households; more than half the homes are on the Lake (317 vs 310).
The town is the epitome of lakeside living and is located directly between Lake Minnetonka's lower and upper bodies. Clay Cliffe, a neighborhood in Tonka Bay, is one of three gated communities in the Twin Cities.
Tonka Bay is a city of artists! Tonka Bay has more designers, artists, and people working in the media than 90% of the communities in America. This has helped shape the character and feel of Tonka Bay. It is a decidedly artistic community with an emphasis on arts and expression.
Tonka Bay annually receives an A+ crime rating from AreaVibes with no reports of violent crime per year. The crime rate in Tonka Bay is 76% lower than the national average. The South Lake Minnetonka Police Department serves the cities of Tonka Bay, Shorewood, Excelsior, and Greenwood. The Excelsior Fire Department services the city of Tonka Bay along with Excelsior, Deephaven, Shorewood, and Greenwood. These police and fire departments are known for their quick response time and preventive measures that help keep Tonka Bay a very safe place to live. You can call the SLMPD and have your home placed on the vacation checklist any time you leave town, and a police officer will regularly check on the home.
Tonka Bay has an assortment of neighborhoods and varied price points. Tonka Bay's lakeshore homes are some of the most expensive in the state and the country. The exclusive lake developments such as Clay Cliffe and Gideon's Point help increase the average price of homes sold in Tonka Bay. The average Tonka Bay home sold in 2017 for $999,672 with 40 days on the market.
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Tonka Bay annually receives an A+ crime rating from AreaVibes with no reports of violent crime per year. The crime rate in Tonka Bay is 76% lower than the national average.
The South Lake Minnetonka Police Department and Excelsior Fire Department serve the city of Tonka Bay. These police and fire departments are known for their quick response time and preventive measures that help keep Tonka Bay a very safe place to live. You can call the SLMPD and have your home placed on the vacation checklist any time you leave town, and a police officer will regularly check on the home.
Tonka Bay is proud of its parks and playground facilities; for a small city, they have a lot to offer. The parks and beaches in the Tonka Bay area:
MINNETONKA SCHOOL DISTRICT
Tonka Bay is located within the Minnetonka School District. The Minnetonka Public School District is among the highest-performing school districts in Minnesota and the nation and proudly serves families in all or part of 10 communities: Minnetonka, Chanhassen, Deephaven, Eden Prairie, Excelsior, Greenwood, Shorewood, Tonka Bay, Victoria, and Woodland. In addition, students from 45 other Minnesota school districts attend Minnetonka schools through the state's Open Enrollment program.
RETAIL AND DINING
Tonka Bay Marina offers dockage, servicing, and storing of boats. The restaurant at Tonka Bay Marina, the Caribbean, has a fun and eclectic vibe and makes a nice place to grab a burger on a warm summer day.
The largest concentration of commerce is located at the Tonka Village Shopping Center. With a bowling alley, Caribou Coffee, a women's clothing store, a workout facility, two restaurants, and a dry cleaner, it's easy to find what you need close to home.