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Tonka Bay Real Estate

Tonka Bay: Homes, Townhomes, Condos, Lots & Land, Multifamily, One Level Living, Commercial, New Construction, Luxury, Foreclosures, Lakeshore

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Tonka Bay sits between the Upper and Lower Lake, where bays, channels and peninsulas give its neighborhoods quite different relationships to Lake Minnetonka. Gideon Bay, Echo Bay and Carman Bay are part of that geography, along with the sheltered waters of Manitou Harbor. Some homes look across open water; others sit along quieter coves or residential streets, with Excelsior close by.

Orchards and summer visitors helped shape the community before its incorporation in 1901. Peter Gideon developed the winter-hardy Wealthy apple here, naming it for his wife, Wealthy Hull. The Lake Park Hotel, built in 1879 and later known as the Tonka Bay Hotel, brought guests to the lakeshore. John Finley Wilcox, associated with the Old Orchard estate, became the village's first mayor. The old Hull's Narrows also belongs to this story: an early boat passage between the lake's two halves, before the present Narrows opened farther north.

Today, beaches, parks and boating remain central to life in Tonka Bay. Wekota Beach and Manitou Park are familiar neighborhood landmarks, while marinas and nearby trails add ways to enjoy the lake beyond a private shoreline. Housing includes former cottages, established homes, townhomes and lakefront residences; the setting and any dock or lake-access rights deserve a close look with each property. Minnetonka Schools and convenient access to Excelsior's shops and restaurants are recurring considerations for buyers.

Latest Tonka Bay listings:

15 Maple Hill Drive, Tonka Bay
$2,249,000
ACTIVE Status ⋅ 4 Beds ⋅ 4 Baths ⋅ 7144346 MLS ⋅ 4,262 SqFt.
A rare expression of luxury, craftsmanship, and the Lake Minnetonka lifestyle, 15 Maple Hill is an extraordinary custom rambler where no detail has been overlooked. Set in the coveted community of Tonka Bay, this exceptional residence combines timeless architecture with sophisticated design, impeccable craftsmanship, and top-tier finishes throughout. From the moment you arrive, the quality is unmistakable. The thoughtfully designed interior features luxurious custom finishes, Miele appliances, and beautifully appointed living spaces created for both everyday living and effortless entertaining. A stunning four-season sunroom with a floor-to-ceiling stone fireplace provides a spectacular space to relax and enjoy the beauty of the surrounding landscape year-round. The expansive lower level is designed for both wellness and entertaining, featuring an impressive 24’ x 32’ private fitness gym, a custom bar, and in-floor radiant heat that provides exceptional comfort throughout the space. The lower level offers the flexibility to create the ultimate retreat, entertainment destination, or wellness experience. And for those who embrace the Lake Minnetonka lifestyle, the property includes a boat slip at Caribbean Marina for the 2027 summer season, providing convenient access to the lake’s renowned boating, dining, recreation, and unforgettable sunsets.

15 Maple Hill Drive, Tonka Bay

Listing courtesy of Keller Williams Premier Realty Lake Minnetonka.

365 Lakeview Avenue, Tonka Bay
$3,350,000
CLOSED Status ⋅ 4 Beds ⋅ 4 Baths ⋅ 7051213 MLS ⋅ 3,172 SqFt.
Welcome to 365 Lakeview Ave in Tonka Bay, an exceptional 4-bedroom, 4-bathroom Lake Minnetonka home with a heated 3-car garage, panoramic south-facing water views, and an outstanding setting directly on Gideon Bay. Positioned on a level, professionally landscaped lot with a beautiful riprap shoreline, lawn irrigation system, and excellent water quality, this property captures the best of Lake Minnetonka living with expansive lake views and a highly desirable orientation that provides abundant natural light throughout the day. The backyard is also an incredible vantage point for enjoying the Excelsior Bay 4th of July fireworks, creating a front-row lake experience without ever leaving home. Inside, the home offers a deluxe gourmet kitchen with high-end appliances, Cambria countertops, and an inviting layout designed for both everyday living and entertaining, while integrated Sonos ceiling speakers throughout the house create a seamless whole-home audio experience. The covered deck dramatically expands the living space outdoors and is equipped with radiant heaters, ceiling fans, speakers, Phantom Screens, and a TV hookup, making it an ideal place to relax or entertain throughout much of the year while overlooking Gideon Bay. All four bedrooms are conveniently located on the upper level, including a versatile fourth bedroom above the garage that could easily function as a recreation room, bonus room, media room, or additional family room depending on your needs. The heated 3-car garage is another standout feature, complete with in-floor heat for year-round comfort and exceptional storage. Outside, the professionally designed landscaping enhances the lakefront setting. The property is located next to a fire lane, creating a substantial amount of additional open space along the east side of the home and providing greater separation from the neighboring property. Beyond the home itself, this quiet and highly desirable Tonka Bay street offers an outstanding Lake Minnetonka lifestyle just a short walk from the Caribbean Marina area and lakeside dining, while nearby Wekota Park and Beach features a sandy Lake Minnetonka beach, playground, walking trail, picnic areas, basketball, one tennis court, and three pickleball courts. Tonka Bay is also ideally positioned just west of Excelsior, putting the shops, restaurants, waterfront amenities, and vibrant downtown Excelsior area within easy reach. With its prime Gideon Bay frontage, level lakeside lot, panoramic south-facing views, exceptional outdoor entertaining spaces, gourmet kitchen, four upper-level bedrooms, heated three-car garage, and walkable access to some of Tonka Bay's best recreation and lake amenities, 365 Lakeview Ave offers a rare opportunity to enjoy one of the most desirable lifestyles on Lake Minnetonka.

365 Lakeview Avenue, Tonka Bay

Listing courtesy of RE/MAX Results.

215 W Point Road, Tonka Bay
$2,640,000
CLOSED Status ⋅ 3 Beds ⋅ 3 Baths ⋅ 6793231 MLS ⋅ 3,019 SqFt.
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 the lakeside deck. Inside, comfort meets thoughtful design. Sun-filled living spaces with in-floor heat invite you to relax year-round, while updated windows and doors frame serene views throughout. The open flow is perfect for entertaining, enhanced by built-in indoor and outdoor speakers that carry music from cozy evenings inside to lively summer gatherings outdoors. Upstairs, the private retreat continues with a spacious primary suite featuring dual walk-in closets and a spa-inspired bath, creating a true escape at the end of the day. Everyday living is made easy with an upper-level laundry room, smart climate control, and carefully designed storage throughout. Outside, enjoy beautifully maintained grounds, space for gardening, and plenty of room for guests to gather on the large maintenance free deck. With thoughtful updates, quality craftsmanship, and a setting that invites you to slow down and savor lake life, this home offers a lifestyle that feels both elevated and effortless.

215 W Point Road, Tonka Bay

Listing courtesy of Coldwell Banker Realty.

45 Clay Cliffe Drive, Tonka Bay
$2,500,000
CLOSED Status ⋅ 6 Beds ⋅ 6 Baths ⋅ 7074173 MLS ⋅ 6,321 SqFt.
Introducing 45 Clay Cliffe Drive in beautiful Tonka Bay, Minnesota. Located within the prestigious Clay Cliffe neighborhood, the only gated community on Lake Minnetonka, this exceptional residence includes a private dock and offers an unparalleled blend of luxury, privacy, and lake lifestyle amenities. Nestled on 0.65 acres with mature trees, this stunning two-story home features six bedrooms, six bathrooms, and 6,321 finished square feet thoughtfully designed for both everyday living and unforgettable entertaining. Filled with natural light, the open and versatile floor plan showcases modern finishes, artistic lighting, intricate tile and stonework, and a sophisticated mix of flooring and wall coverings that create warmth and elegance throughout. Expansive living spaces provide the perfect setting for gathering with family and friends, while the home’s exceptional design leaves a lasting impression at every turn. The main level features a chef-inspired kitchen, formal and informal entertaining spaces, dining room, new home theater, main floor laundry and guest suite. Upstairs, the luxurious primary suite offers a spa-like bathroom and private balcony retreat. Three additional bedrooms, three bathrooms, secondary laundry, and rooftop sundecks complete the upper level. Outside, enjoy the beautifully landscaped grounds, spacious patio, and four-car attached garage. Residents of Clay Cliffe enjoy year-round lawn and snow service, exclusive access to a shared lakeside gazebo, and two tennis courts. This property is minutes from the shopping, dining, and charm of downtown Excelsior. Located in award-winning Minnetonka School District. Incredible opportunity get into the highly desirable Clay Cliffe neighborhood.

45 Clay Cliffe Drive, Tonka Bay

Listing courtesy of Compass.

175 Lakeview Avenue, Tonka Bay
$1,915,000
CLOSED Status ⋅ 3 Beds ⋅ 4 Baths ⋅ 7041186 MLS ⋅ 2,824 SqFt.
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 expansive Andersen A400 windows fill the home with warmth, texture, and natural light. At the heart of the home, the luxury chef’s kitchen features cabinet-faced SKS appliances, range with sous vide, quartzite countertops, maple cabinetry, dishwasher drawers, a farm sink, and a hidden prep kitchen complete with wine bar, pantry, baking station, and built-in desk. The adjoining great room stuns with pine walls, a wood-burning fireplace with marble hearth, and dramatic statement chandelier. Designed for effortless indoor/outdoor living, expansive glass pocket doors fully open to a covered composite deck with lake views, creating a seamless extension of the home. The outdoor living space is exceptional, featuring a full kitchen, gas fire table, electric heaters, Zuri composite deck, and multiple gathering areas perfect for entertaining in every season. A rooftop deck with hot tub, sound system, and illuminated glass railings offers another incredible space to relax and take in the views. The luxurious primary suite is a private retreat with vaulted beam ceilings, fireplace, blackout blinds, custom walk-in closet, spa-like bath with heated floors and cedar sauna, plus thoughtful details throughout including Sonos audio, heated garage and lower-level floors, beautifully landscaped grounds with a thoughtfully designed irrigation and drip system, and custom home systems created for elevated everyday living. A rare combination of architectural artistry, luxury amenities, and seamless indoor/outdoor living, this extraordinary home was designed to be experienced as much as admired.

175 Lakeview Avenue, Tonka Bay

Listing courtesy of Coldwell Banker Realty.

45 Gideons Point Road, Tonka Bay
$2,150,000
CLOSED Status ⋅ 4 Beds ⋅ 5 Baths ⋅ 7008984 MLS ⋅ 5,421 SqFt.
Don't miss this beautiful coastal-inspired home in the demand Gideon's Point neighborhood! This picturesque, custom-built home comes with a deeded 32 x 14 foot overed deep water boat slip, providing lake life without the shore upkeep and lakeshore taxes. Located on Grade-A rated Gideon's Bay (Lower Lake) on Lake Minnetonka, the home is also in the award-winning Minnetonka School District! This rare opportunity is available only due to relocation. The home features 4 bedrooms (all ensuites) with an incredible main floor primary bedroom and its own private balcony. A catwalk over-looking the great room connects two more bedrooms, with the 4th bedroom located on the lower level. Also featured: A main floor office/den with private screened porch; a gourmet kitchen with a huge center island which opens to the family room; a light-filled vaulted living room, dining area and family room -- all with soaring windows and private views of nature. On the lower walk-out level you'll find a wet bar; media/family room; games & entertainment spaces, the 4th bedroom and storage. A 3-car insulated & heated garage; beautiful private wooded grounds with a fire pit, mature trees and garden; a fully fenced back yard, and an expansive deck all make this property ideal for family and friends. The $3100/year HOA fee covers the dock (in and out, plus maintenance; weekly cleaning & maintenance of commons area grounds. No Resale Disclosure Certificate available. Boat slip stays with the property; no lottery or rotating system between homeowners. Property is just minutes from downtown Excelsior and Wayzata. 30-minutes to downtown Minneapolis and MSP International Airport.

45 Gideons Point Road, Tonka Bay

Listing courtesy of Coldwell Banker Realty.

55 Interlachen Drive, Tonka Bay
$1,550,000
CLOSED Status ⋅ 4 Beds ⋅ 5 Baths ⋅ 6794353 MLS ⋅ 3,259 SqFt.
Experience the best of Lake Minnetonka living with this one-of-a-kind Tonka Bay gem, offering over 3,200 finished square feet of thoughtfully designed space in a prime waterfront location. Set on a .75-acre lot with 75 feet of shoreline along a quiet channel leading to Lafayette Bay, this property combines privacy, effortless water access and year-round enjoyment. A rare year-round dock sets this property apart, providing seamless access to boating, kayaking and fishing. Inside, the home showcases a blend of character and unique architecture. The vaulted living room features floor to ceiling windows framing tranquil water views and filling the space with natural light. The main level offers a highly desirable layout with four bedrooms on one floor, including a spacious primary suite with its own private waterside deck, walk-in closet, and ensuite bath. Multiple access points to the main deck make indoor-outdoor living a breeze, whether you’re entertaining or simply enjoying mornings overlooking the waterfront. The walkout lower level is a central gathering space featuring a family room with a cast-iron wood-burning stove on a grand marble hearth, wet bar, and patio access just steps from the water. The lower level also includes a media room, exercise area, and spa room with hot tub and bath. The shower can even be converted into a steam shower for true at-home relaxation. Exceptional functionality completes the home, including a massive 22’ x 23’ Spancrete storage space that doubles as a storm shelter and connects to a heated, lower-level garage/workshop with a new insulated garage door. With five baths, including one conveniently located near the workshop, this home blends a smart design with waterfront living. Built with quality craftsmanship and distinctive architecture, this Lake Minnetonka home offers a balance of comfort, setting, and lifestyle in one of the area's most desirable communities, within the award-winning Minnetonka School District. Welcome to Tonka Bay – where the living is both refined and relaxed, season after season.

55 Interlachen Drive, Tonka Bay

Listing courtesy of RE/MAX Results.

20 Woodlawn Avenue, Tonka Bay
$575,000
CLOSED Status ⋅ 4 Beds ⋅ 2 Baths ⋅ 6739588 MLS ⋅ 2,309 SqFt.
Rare Tonka Bay Opportunity - Double Lot, Award-Winning Schools, Walkable to Lake Minnetonka! Live in the actual city of Tonka Bay - one of the area's most coveted gems. This solid, well-built home sits on a rare half-acre double lot tucked on a quiet street. Very clean and well-maintained, with room to update and personalize over time. The main level includes three bedrooms, an updated full bath, and a sun-filled 4-season porch overlooking a serene natural wetland area. The kitchen features granite countertops, stainless steel appliances, and an adjacent main-floor laundry that could convert to a future primary bath if desired.   The walkout lower level adds valuable living space, including two large family rooms and a remodeled 3/4 bath. A fourth bedroom offers flexibility as a home office, guest room, or exercise area. Outdoor living shines with a spacious deck and screened porch that offer scenic, private views. Perks include access to Tonka Bay’s beautiful community parks and lake amenities like Crescent Beach, Mainitou Park, Wekota Park - all maintained by the city for residents. The home also benefits from Andersen windows, a newer roof, and a concrete driveway. Located within the award-winning Minnetonka School District and just minutes to downtown Excelsior’s shopping and dining.   Tonka Bay residents can apply for a Lake Minnetonka boat slip (waitlist applies) and enjoy walkable lake access via a nearby fire lane - perfect for kayaking, paddleboarding, or fishing from the shore.   Extremely rare to find this opportunity within the actual city limits. Easy to show - schedule your tour today!

20 Woodlawn Avenue, Tonka Bay

Listing courtesy of NOW Realty.

30 Willow Woods Drive, Tonka Bay
$1,275,000
CLOSED Status ⋅ 4 Beds ⋅ 7 Baths ⋅ 6706125 MLS ⋅ 4,510 SqFt.
Wind your way through tree lined roads to your sanctuary on Gideon Bay! East facing with commanding panoramic lake views, the home offers a 2006 Spanish Mediterranean rebuild (previous owner design build). Cul-de-sac setting with 9 neighboring homes, .65 acre fully fenced lot abutting marsh, deeded lake access, and private dock that will accompany a 24’ boat! Distinctive architecture created by a Mexican artist, Oscar, from Hacienda Rustica, and floors throughout are refurbished from an old chicken coup in Northern MN! Intentionally designed to capture the gorgeous views from all spaces on the east facing side. Best views captured in your kitchen…a great gathering awaits! Seating for 5 at the center island plus dining for 8 alongside. Dacor double wall ovens, Dacor 6 ring gas range with griddle, Sub-Zero refrigerator, trash compactor, and cool copper hammered sink, and a wet bar sink. Spacious walk-in pantry and stand-up freezer, and main floor laundry, too, nearby. Dine by the lake, wake up to the lake, sit by the fire with lakes views, “zen” off your owner’s suite overlooking the lake! Wow! 4 bedrooms on 2nd floor – one is an ensuite and then the owner’s primary suite, which is incredible! 7 bathrooms, 4 bedrooms, library/office, large mudroom, grand living and dining areas, convenient access to huge private backyard! Extra 1 car detached garage/storage. Plenty of toy storage along back fence. Deck and hot tub for star gazing! You must come by and experience 30 Willow Woods Drive. What a story to tell! We would love to have you reside here! Thank you!

30 Willow Woods Drive, Tonka Bay

Listing courtesy of Coldwell Banker Realty.

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