Tonka Bay Homes for Sale

Welcome to Tonka Bay, Minnesota – a hidden gem nestled along the shores of beautiful Lake Minnetonka in Hennepin County. This charming city is known for its picturesque landscapes, friendly community, and a serene atmosphere that invites relaxation and outdoor adventure. With its rich history and vibrant local culture, Tonka Bay offers a unique blend of small-town charm and modern amenities, making it an ideal place to call home.

Tonka Bay boasts stunning waterfront views, lush parks, and easy access to recreational activities such as boating, fishing, and hiking. The nearby Lake Minnetonka provides endless opportunities for summer fun, while the winter months offer a peaceful retreat for ice skating and cozy gatherings by the fire. The city is also conveniently located just a short drive from the bustling Twin Cities, providing residents with easy access to shopping, dining, and entertainment.

If you're considering making Tonka Bay your home, you're in luck! The real estate market offers a variety of homes for sale that cater to diverse tastes and lifestyles. From charming lakefront cottages to modern family residences, there's something for everyone in this delightful community. Many of these homes feature stunning views, spacious yards, and easy access to the lake, allowing you to fully immerse yourself in the natural beauty of the area.

Whether you're a first-time homebuyer or looking to relocate, Tonka Bay is a wonderful place to find your dream home. Explore the available properties today and discover the perfect blend of tranquility and community that awaits you in Tonka Bay, MN!

Newest Tonka Bay Homes for Sale

$1,775,000

ACTIVE Status ⋅ 4 Beds ⋅ 6 Baths ⋅ 7128429 MLS ⋅ 3,812 SqFt.

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 cabinetry and premium Thor appliances, plus a light-filled great room with fireplace and walls of windows. Main level bedroom with private 3/4 bathroom and walk-in closet with convenient washer/dryer hookup. A private upper level owner™s suite offers a spa-inspired bath with soaking tub, oversized shower and huge walk-in closet. The upper level also features two additional bedrooms, laundry, and a spacious Rec room. Enjoy a dedicated main floor home office, mudroom, expansive Trex deck overlooking the woods. The impressive 4-car garage is insulated with rough-ins for both EV charging and gas heat. Tucked in the Minnetonka school district and only minutes to historic downtown Excelsior via the Lake Minnetonka Regional Trail, you' can't beat the location of this thoughtfully designed one-level-living stunner!

36 Lilah Lane, Tonka Bay

Listing courtesy of Edina Realty, Inc..

$499,999

ACTIVE Status ⋅ 4 Beds ⋅ 2 Baths ⋅ 7107184 MLS ⋅ 1,854 SqFt.

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 built-ins, including a charming wine rack, add style and function, while the lower level offers a wet bar and flexible gathering space ideal for hosting. Outside, enjoy a private yard and an unbeatable location right next to Manitou Park, with easy access to new park improvements, including a baseball field, dog park, hockey rink, playground, and more. Just minutes from Lake Minnetonka and walkable to Excelsior for dining, coffee, and shopping, this home offers the perfect blend of lifestyle, location, and charm.

5330 Manitou Road, Tonka Bay

Listing courtesy of RE/MAX Results.

$1,275,000

ACTIVE Status ⋅ 3 Beds ⋅ 3 Baths ⋅ 7031321 MLS ⋅ 2,988 SqFt.

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 Excelsior, offering boutique shopping, restaurants, grocery, and Lake Minnetonka amenities. Explore the Lake Minnetonka LRT Regional Trails for miles of walking and biking. Lake Park Villas is HOA-maintained, making this property an attractive option for seasonal residents.

5624 Buffington Lane, Tonka Bay

Listing courtesy of Compass.

$1,250,000

ACTIVE Status ⋅ 3 Beds ⋅ 3 Baths ⋅ 7031340 MLS ⋅ 2,988 SqFt.

5654 Buffington Lane, Tonka Bay

Listing courtesy of Compass.

$1,150,000

ACTIVE Status ⋅ 3 Beds ⋅ 3 Baths ⋅ 6764628 MLS ⋅ 2,988 SqFt.

5650 Buffington Lane, Tonka Bay

Listing courtesy of Compass.

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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