The median home value in Tonka Bay, MN is $2,640,000.
This is
higher than
the county median home value of $340,000.
The national median home value is $308,980.
The average price of homes sold in Tonka Bay, MN is $2,640,000.
Approximately 81% of Tonka Bay homes are owned,
compared to 9% rented, while
10% are vacant.
Tonka Bay real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Tonka Bay real estate agent to arrange a tour today! Learn more about Tonka Bay.
Modern design meets a peaceful, wooded setting in this newly built Tonka Bay home. Clean architectural lines, a striking mix of exterior finishes, expansive windows, and a landscaped lawn make a memorable first impression. A generous maintenance free deck extends the living space outdoors, with room to relax or entertain among the trees. Inside, the floor plan offers approximately 4,443 finished square feet designed for both everyday comfort and gatherings. The main level brings the kitchen, pantry, dining area, and great room together in an open layout. An entry foyer, mudroom, and convenient access to the attached three car garage add ease to daily life. The home's bedroom layout offers welcome flexibility. The upper level includes an owner's suite with its own bath, additional bedrooms and baths, and a bonus room suited to a lounge, playroom, or workspace. On the main level, an amazing guest suite with private 3/4 bathroom and separate office area. With its contemporary style, spacious layout, and inviting outdoor spaces, 40 Lilah Ln offers a distinctive opportunity to enjoy new construction in Tonka Bay.
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.
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!
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.
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.
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.
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 setting offering unparalleled sunset views overlooking 100'+ of level rip-rap shoreline. A grade water quality. Adjacent fire lane creates an additional buffer! Build without elapsing time for design plans-- can be completed and in your new home in time for the holidays! Ideally located between Wayzata and Excelsior.
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The data relating to real estate for sale on this site comes in part from the Broker Reciprocity program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo or the Broker Reciprocity house icon and detailed information about them includes the names of the listing brokers. This broker is not a Multiple Listing Service MLS, nor does it offer MLS access. This website is a service, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Open House information is subject to change without notice.
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