TONKA BAY HOMES FOR SALE

Tonka Bay

Tonka Bay’s roots begin with a love story and an apple. In the mid-1800s, Peter and Wealthy Gideon settled on 160 scenic acres along Lake Minnetonka, where they planted an apple orchard and developed the famed “Wealthy” apple, named in honor of Mrs. Gideon. Their land would later become the foundation for the city of Tonka Bay, officially established 50 years after their arrival. Today, Gideons Bay bears their name as a tribute to their legacy. This charming lakeside community still carries the warmth and character of its beginnings, blending rich history with the beauty of Lake Minnetonka.

Real Estate Statistics

Average Price	$1.9M
Lowest Price	$540K
Highest Price	$4.5M
Total Listings	9
Avg. Days On Market	82
Avg. Price/SQFT	$685

Property Types (active listings)

Search Tonka Bay Homes for Sale

Click the links below to sort results by price range.

• All Listings
• $500,000 - $600,000
• $600,000 - $700,000
• $900,000 - $1,000,000
• Over $1,000,000

Bedrooms

Bathrooms

Price Range

Save Search

Sort by:

Price, high to low

New

$539,900

10 Birch Bluff Road, Tonka Bay

3 Beds 2 Baths 1,764 SqFt Residential MLS® # 6821252

Lakes Sotheby's International

$635,000

↓ $14,900

25/15 Waseca Avenue, Tonka Bay

3 Beds 2 Baths 1,973 SqFt Residential MLS® # 6815150

Keller Williams Premier Realty Lake Minnetonka

$2,600,000

4286 Circle Road, Tonka Bay

3 Beds 3 Baths 3,051 SqFt Residential MLS® # 6810518

Lakes Sotheby's International

$2,295,000

36 Interlachen Court, Tonka Bay

3 Beds 2 Baths 1,750 SqFt Residential MLS® # 6810631

Coldwell Banker Realty

$984,700

↓ $13,000

50 Willow Wood Drive, Tonka Bay

3 Beds 3 Baths 2,100 SqFt Residential MLS® # 6811844

Trenary Realty Group

$4,450,000

4330 Manitou Road, Tonka Bay

3 Beds 4 Baths 3,713 SqFt Residential MLS® # 6792418

Coldwell Banker Realty

$1,150,000

5650 Buffington Lane, Tonka Bay

3 Beds 3 Baths 2,988 SqFt Residential MLS® # 6764628

Compass

$2,280,000

↓ $369

85 Brentwood Avenue, Tonka Bay

5 Beds 4 Baths 5,571 SqFt Residential MLS® # 6760782

Keller Williams Realty Integrity Lakes

$2,395,000

4650 Manitou Road, Tonka Bay

3 Beds 2 Baths 2,616 SqFt Residential MLS® # 6607803

Coldwell Banker Realty

Tonka Bay Highlights:

Tonka Bay is a beautiful lakeside community that blends rich history, scenic charm, and upscale living. Once home to the grand Tonka Bay Hotel, a 200-room resort that welcomed Minneapolis travelers in the late 1800s, the area has evolved while retaining its resort-like appeal. Today, the Tonka Bay Marina, one of the largest on Lake Minnetonka, stands on the hotel's former site, providing premier access to the lake. With more shoreline than any other city of its size, Tonka Bay is just one square mile in area but offers a rare combination of lakefront living and privacy. Over half of the 650 homes are directly on the water, and exclusive neighborhoods like Clay Cliffe and Gideon’s Point reflect the high demand for luxury lakeshore properties. The city also has a thriving creative community, with more artists and media professionals than 90% of U.S. cities, adding to its unique personality. Tonka Bay offers peace of mind along with lakeside elegance, making it one of the most desirable places to live in Minnesota.

INSIDER TIPS

• 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:

• Crescent Beach

• Old Orchard Park

• Manitou Park

• Wekota Beach and Park

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.  

MUNICIPAL BOAT SLIPS

The City of Tonka Bay offers municipal dock slips for rent, though interested applicants should be aware that the waiting list typically spans several years. A unique aspect of Tonka Bay’s program is that both residents and non-residents are eligible to apply. However, non-residents may only retain a slip for one year upon reaching the top of the list.

For more information about the City of Tonka Bay’s municipal dock slip program, please contact City Hall.

RETAIL AND DINING

• Tonka Bay Marina offers dockage, servicing, and storage 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.