Tonka Bay Real Estate

History

Tonka Bay, Minnesota, has a rich history that traces back to the early 20th century. Originally settled as a summer resort community, Tonka Bay attracted visitors who sought relaxation and recreation along the shores of Lake Minnetonka. Over time, the area transformed into a desirable residential community while retaining its natural beauty and lakeside charm. It is located on Lake Minnetonka between the upper and lower lakes.

Demographics

Tonka Bay is a small but affluent city located in Hennepin County, Minnesota. As of the latest available data, the estimated population of Tonka Bay is approximately 1,500 residents. Tonka Bay has a relatively high median household income, reflecting the affluence of the area. According to recent data, the median household income in Tonka Bay is approximately $150,000. The population of Tonka Bay has a relatively balanced age distribution, with a median age of approximately 47 years.

Parks and Recreation

Tonka Bay offers residents access to various parks and recreational opportunities that take advantage of its lakeside location. The city boasts several parks and green spaces, providing facilities for outdoor activities such as walking, picnicking, and enjoying the lakefront views. Lake Minnetonka, with its pristine waters, offers opportunities for boating, fishing, and other water-based activities.

The surrounding natural beauty and the abundance of recreational options make Tonka Bay an ideal place for outdoor enthusiasts and those seeking a serene and active lifestyle.

What It's Like Living There

Living in Tonka Bay offers a peaceful and close-knit community atmosphere. The city's lakeside setting, along with its natural landscapes and well-maintained parks, creates a picturesque and relaxing environment. Residents can enjoy a high quality of life, with a strong sense of community, access to recreational amenities, and convenient proximity to nearby urban areas for shopping, dining, and entertainment. Tonka Bay's small-town charm, beautiful surroundings, and upscale residential neighborhoods make it an attractive place to live for those seeking a tranquil lakeside lifestyle.

Keller Williams Premier Realty Lake Minnetonka
Coldwell Banker Realty
Keller Williams Premier Realty Lake Minnetonka

Tonka Bay - Town vs. County Stats

Avg Price in Tonka Bay: $2,915,000 / County Avg $683,900

426%

Avg Taxes in Tonka Bay: $21,000 / County Avg $6,400

330%

Avg Sq. Ft. in Tonka Bay: 3,914 / County Avg 2,365

165%

Avg Price per/sqft in Tonka Bay:$745 / County Avg $289

258%

Avg Walkscore in Tonka Bay: 46 / County Avg 44

103%

Avg Year Built in Tonka Bay: 1982 / County Avg 1976

100%

Avg Days on Website in Tonka Bay: 80 / County Avg 54

148%

Tonka Bay Real Estate Market Health

New Listings
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Short Sales