Sale prices by area / Tonka Bay
Tonka Bay: what homes actually sold for
Every sale below comes from the certificate of real estate value (eCRV) filed with the state when property changes hands. The median arm's-length price in 2025 was $1,082,250, up 153% from $428,023 in 2015.
Median price (2025)
$1,082,250
Sales in 2025
32
Investor/entity buyers
25%
Median sale price by year
| Year | Median | Middle half | Sales | Investor share |
|---|---|---|---|---|
| 2015 | $428,023 | $307,500 to $800,000 | 37 | 16.2% |
| 2016 | $499,500 | $311,225 to $973,750 | 32 | 9.4% |
| 2017 | $515,000 | $385,000 to $1,308,500 | 35 | 11.4% |
| 2018 | $724,800 | $323,000 to $1,276,000 | 32 | 25.0% |
| 2019 | $680,000 | $463,000 to $1,250,000 | 25 | 12.0% |
| 2020 | $792,500 | $439,125 to $1,375,610 | 48 | 12.5% |
| 2021 | $733,000 | $472,000 to $1,579,000 | 37 | 18.9% |
| 2022 | $993,000 | $456,250 to $2,339,375 | 30 | 13.3% |
| 2023 | $1,450,000 | $525,000 to $2,795,000 | 29 | 41.4% |
| 2024 | $1,300,000 | $568,450 to $2,087,133 | 27 | 18.5% |
| 2025 | $1,082,250 | $571,250 to $2,061,625 | 32 | 25.0% |
Arm's-length sales only: gifts, related-party transfers, and sales flagged as non-market are excluded, as are prices under $3,000. Investor share counts sales where a buyer is an organization (LLC, trust, company) rather than an individual.
Largest sales in the last 12 months
| 5607-5667 Manitou Road | December 10, 2025 | $6,000,000 |
| 165 Mound Avenue | June 17, 2026 | $3,495,000 |
| 205 WOODPECKER RIDGE ROAD | September 12, 2025 | $3,375,000 |
| 4286 Circle Road | December 31, 2025 | $2,500,000 |
| 135 Crabapple Lane | May 15, 2026 | $2,400,000 |
| 4410 Manitou Road | September 11, 2025 | $2,320,000 |
| 45 GIDEONS POINT ROAD | June 12, 2026 | $2,150,000 |
| 36 Interlachen Court | December 9, 2025 | $2,050,000 |
Large transactions are often commercial or multi-parcel deals, not single homes.
Wondering how your own assessment compares to what homes really sell for? Check your address with the free assessment lookup, run the two-minute appeal checkup, and know this year's appeal deadlines.
Source: Minnesota Department of Revenue eCRV weekly sales extracts, October 2014 to present, updated weekly. Medians and shares are computed from arm's-length sales as described above.