Tonka Bay measures a mere two square miles, most of which is water. The population there was 1400 in 2017, and the average age for its residents at that time was 51-plus years.
The median household income in Tonka Bay was reported to be more than $120000 in 2017.
Subsequent to the settlement of the land around Lake Minnetonka, and with the development of the nearby railroad, Tonka Bay was recognized as a modern haven. Many of Minnesota's first industrialists, as well as figureheads from throughout the United States, traveled to the area's early resorts and homes.
By the turn of the 20th century, Tonka Bay was incorporated.
Tonka Bay has few homes for sale, and all of them feature elements of modern design as well as luxurious layouts. Home prices start at $400000, with properties along the water generally asking for $1 million or more.
As of 2017, the median property value in the city was nearly $650000.
Tonka Bay, according to Niche.com, has received recognition for its educational system. The city has ranked it as having the third best schools in the state among 366 total places. It was also ranked as third best among 138 Minnesota suburbs.
Tonka Bay has three public schools serving the area, all of which received an A-plus grade from Niche.com.
Due to its unique placement between a number of bays, the city has lovely views of the water from a variety of points. Boats come and go freely between the numerous marinas.
Wekota Beach and Park, along the city's eastern edge, provides a peaceful space for family fun.
Niche.com recently ranked Tonka Bay among the state's top 20 suburbs to raise a family. Our team of experts has dealt extensively with homes for sale in the Tonka Bay area, and our commensurate success has been the result of negotiating successfully for our clients.
Contact us today to schedule a free consultation.