Lake Minnetonka Homes For Sale (80 Real Estate Listings)

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2400 Cedar Point Drive, Woodland

$14,750,000 Lake Minnetonka

2400 Cedar Point Drive, Woodland

5 Beds 7 Baths 3 Acres 9,016 SqFt Single Family MLS® # 6323092

One of the finest residences in the upper Midwest! Landmark luxury estate on a spectacular private peninsula with almost 1,700’ of frontage on Wayzata Bay. Completed in 2016, this breathtaki...

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565 Ferndale Road W, Wayzata

$13,450,000 Lake Minnetonka

565 Ferndale Road W, Wayzata

6 Beds 8 Baths 12 Acres 7,635 SqFt Single Family MLS® # 6158960

An incredible opportunity to capture the last great estate site in Wayzata! A winding wooded private drive brings you to a large home overlooking a small quiet bay leading into Lake Minneton...

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Pending
5570 Maple Heights Road, Greenwood

$8,995,000 Lake Minnetonka

5570 Maple Heights Road, Greenwood

5 Beds 9 Baths 1 Acres 13,949 SqFt Single Family MLS® # 6217602

Landmark Lake Minnetonka estate showcasing panoramic water views at every turn! World-class combination of architectural details and masterful craftsmanship, this home, completed by Erotas, ...

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2845 Little Orchard Way, Orono

$6,149,000 Lake Minnetonka

2845 Little Orchard Way, Orono

5 Beds 8 Baths 2 Acres 11,529 SqFt Single Family MLS® # 6326931

Quiet and peaceful SW facing shoreline overlooking Noerenberg Park's 70 acres of woods on Maxwell Bay. Rare vistas of Lake Minnetonka with only the wooded hills of the park across the bay. T...

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3105 North Shore Drive, Orono

$5,995,000 Lake Minnetonka

3105 North Shore Drive, Orono

4 Beds 5 Baths 1 Acres 5,544 SqFt Single Family MLS® # 6342276

Custom To-Be-Built home by Wooddale Homes awaits your design input on a very special property on Crystal Bay! Incredible South-facing, 1.18 acre setting on Lake Minnetonka w 150 feet of dire...

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1397 Orono Lane, Orono

$4,995,000 Lake Minnetonka

1397 Orono Lane, Orono

3 Beds 4 Baths 1 Acres 3,202 SqFt Single Family MLS® # 6269334

Spectacular John Kraemer & Sons down to the studs remodel. The perfect condominium alternative with main level living with the primary suite, upstairs guest area and a lower-level fitness ar...

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Active
425 Ferndale Woods, Wayzata

$4,975,000 Lake Minnetonka

425 Ferndale Woods, Wayzata

4 Beds 5 Baths 4 Acres 4,197 SqFt Single Family MLS® # 6322747

Exceptional property off the Gold Coast in Wayzata, 3.77-acre private estate, on Ferndale Woods Rd. Walking distance to downtown Wayzata. Open lot, to be built. Please inquire about building...

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110 Interlachen Lane, Tonka Bay

$4,495,000 Lake Minnetonka

110 Interlachen Lane, Tonka Bay

4 Beds 5 Baths 0 Acres 5,032 SqFt Single Family MLS® # 6315789

Located on the prestigious grade "A" Lafayette Bay sits this custom new construction home with panoramic views of the surrounding bay. Featuring high-end finishes throughout the home from fl...

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2328 Huntington Point Road W, Minnetonka Beach

$4,495,000 Lake Minnetonka

2328 Huntington Point Road W, Minnetonka Beach

6 Beds 11 Baths 1 Acres 10,969 SqFt Single Family MLS® # 6315303

Caution: Some effects of this property may be reduced blood pressure and heart rate, relaxed state of being, clarity of thought, restored gatherings with loved ones in a relaxed lakeside se...

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Pending
1856 Shadywood Road, Orono

$4,346,472 Lake Minnetonka

1856 Shadywood Road, Orono

5 Beds 5 Baths 1 Acres 6,935 SqFt Single Family MLS® # 6020488

This stunning To-Be-Built home has east facing views of Crystal Bay on Lake Minnetonka. Wooddale Builders is a custom home builder servicing the Twin Cities for over 40 years....

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Pending
4193 Halstead Bay Alcove, Minnetrista

$3,917,657 Lake Minnetonka

4193 Halstead Bay Alcove, Minnetrista

5 Beds 8 Baths 1 Acres 9,044 SqFt Single Family MLS® # 6327037

SPECTACULAR MEDITERRANEAN-INFLUENCED MASTERPIECE BY GONYEA CUSTOM HOMES! TOWERING CEILINGS AND WALLS OF SUN-FILLED EXPANSES OF GLASS OVERLOOKING HALSTEAD’S BAY OF LAKE MINNETONKA! DETAILED A...

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5230 Howards Point Road, Shorewood

$3,850,000 Lake Minnetonka

5230 Howards Point Road, Shorewood

4 Beds 5 Baths 1 Acres 5,359 SqFt Single Family MLS® # 6340301

Exceptional Lake Minnetonka home sited on 150 feet of level lakeshore with premier hard-packed sandy bottom ideal for swimming and the right depth to accommodate a boat of nearly any size. O...

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Pending
4030 Enchanted Lane, Minnetrista

$3,759,000 Lake Minnetonka

4030 Enchanted Lane, Minnetrista

5 Beds 5 Baths 1 Acres 3,936 SqFt Single Family MLS® # 6108693

Welcome to this rare opportunity for Lake Minnetonka custom new construction on a picturesque south facing site with 123’ of shoreline, sand/gravel bottom and grade A water quality. Custom d...

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19700 Lakeview Avenue, Deephaven

$3,600,000 Lake Minnetonka

19700 Lakeview Avenue, Deephaven

4 Beds 4 Baths 0 Acres 3,952 SqFt Single Family MLS® # 6337169

Situated in prestigious Grandview point of Lake Minnetonka, this contemporary rambler is an exceptional custom home with 147' of frontage on lower lake. Impress all guest with the breathtaki...

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3776 Woodland Cove Parkway, Minnetrista

$3,450,000 Lake Minnetonka

3776 Woodland Cove Parkway, Minnetrista

5 Beds 5 Baths 1 Acres 6,632 SqFt Single Family MLS® # 6321922

Introducing 3776 Woodland Cove Parkway, built by the most awarded architectural designer and builder in the state - Charles Cudd Co. This luxury Lake Minnetonka home expresses Frank Lloyd Wr...

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16183 Crosby Cove Road, Minnetonka

$3,195,000 Lake Minnetonka

16183 Crosby Cove Road, Minnetonka

6 Beds 6 Baths 1 Acres 5,967 SqFt Single Family MLS® # 6332509

Experience the best of Twin Cities living in this stunning Denali-built custom 6,000 sq ft 6BR, 6BA home located on Lake Minnetonka. Situated in the upper bracket Crosby Cove neighborhood, j...

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670 Tonkawa Road, Orono

$3,150,000 Lake Minnetonka

670 Tonkawa Road, Orono

4 Beds 5 Baths 0 Acres 5,203 SqFt Single Family MLS® # 6220384

LDK BUILDERS IS PROUD TO PRESENT THIS AMAZING OPPORTUNITY OVERLOOKING STUBBS BAY. PICTURE PERFECT LOCATION IN HIGH DEMAND ORONO SCHOOL DISTRICT. EXTRA DEEP LOT ALLOWS FOR AN ADDITIONAL BUI...

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3229 Casco Circle, Orono

$2,999,999 Lake Minnetonka

3229 Casco Circle, Orono

4 Beds 6 Baths 0 Acres 7,361 SqFt Single Family MLS® # 6322976

Gorgeous Lake Mtka retreat tucked away on a private drive on sought-after Casco Point! This beautiful property offers natural light-filled spaces, walls of windows looking out to the shoreli...

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As of March 20, 2023 there are 80 active Lake Minnetonka lake property listings for sale with an average listing price of $2,198,685. The highest-priced waterfront listing is $14,750,000, while the lowest priced waterfront listing can be purchased for $2,495. Lake Minnetonka lakeshore listings have an average price of $17,594 per square foot, based on listings with an average of 3.9 bedrooms, 4.2 bathrooms, and 3,743 square feet of living space.

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Lake Minnetonka Real Estate & Homes For Sale

It's the gem of Minnesota's metro and one of the most sought-after lake areas in the upper Midwest. Yet despite its fame, Lake Minnetonka is still a surprising oasis in the midst of hectic urban life. The lake - a beautiful maze of interconnected bays and waterways dotted with islands sits only 15 miles from Minneapolis/St. Paul. It's known for unmatched natural beauty, small-town ambiance, historic homes and its ability to transport city-weary dwellers into a magical world of boating, swimming, fishing and relaxing sunsets within a matter of minutes. Lake Minnetonka is also known as a playground for some of Minnesota's most affluent families. That history, the natural beauty and ease of escape from urban life, make it a fascinating place to be.

Lake Minnetonka & Its Communities

Ranked the 10th largest lake in Minnesota, Lake Minnetonka spans 14,004 acres and nestles along 125 miles of shoreline. It lies just west/southwest of the Twin Cities. The lake has a maximum depth of 113' and a 10.9' water clarity level. View the DNR Report.

Despite high-density use, Lake Minnetonka is one of the best trophy largemouth bass fishing sites in the state. It's packed with yellow perch, sunfish, northern pike, walleye and muskies, and is the site of several premier fishing tournaments each season. Anglers find friendly waters and experienced guide services. Numerous public boat landings are available for easy access, as well as private boat charter services.

Tucked along the winding shores, the communities of Deephaven, Woodland, Greenwood, Excelsior, Long Lake, Minnetonka Beach, Minnetrista, Mound, Navarre, Orono, Shorewood, Spring Park, Tonka Bay and Wayzata offer a diversified lifestyle to visitors and lake residents. The surrounding areas are developed and the entire Lake Minnetonka region had a 2005 population of around 100,000. A mix of residential suburban life and small-town lakeside villages, Lake Minnetonka communities offer an eclectic mix of charming antique shops, hip urban cafes, boutiques, marinas, art galleries, sports shops and fine dining.

A Glorious Past

In 1822, two adventurous teenagers, Joe Brown and Will Snelling, paddled their way from Fort Snelling up the Minnehaha Creek and discovered the then un-named lake. For years after, few European settlers visited the blue waters. But the lake and its surrounding land were harvested and held sacred by the Dakotah tribes. (The city of Mound was later named after the presence of Dakotah burial grounds.) It wasn't until the 1851 Treaty of Mendota that the U.S. government acquired 2 million acres of Native American land, including the lake and its surrounding territory. During this time, the area now known as Minneapolis was occupied by the military post, Fort Snelling. During the 1850's the towns of St. Anthony and Minneapolis were established. Lake Minnetonka was named in 1851 after the Dakotah pronunciation "minn-ni-tanka" which meant, "big water."

It didn't take long for settlers to recognize the value of a sprawling lake set so close to a growing population. In 1853 the first hotel was built along the Minnetonka shores. Henry Wadsworth Longfellow's poem, The Song of Hiawatha, published in 1855, mentioned Minnehaha Falls and gave the lake and Minnesota national attention.

By 1861, the first steamboat, Governor Ramsey, was launched on the lake, and in 1867, the St. Paul & Pacific Co. established a rail line to the lake. By the 1880's the lake was a booming resort destination. The first inland steamboat with electric lights was crafted in Wayzata in 1881, and the Belle of Minnetonka, a massive 300 ft. steamboat that could carry 2,500 passengers, sailed the lake by 1882. The early 1900's brought streetcars, more resorts and tour boats to the lake. An amusement park was built on Big Island, which at its heyday was a day trip destination for many area families. As the nation's economy dipped and dived into depression, Lake Minnetonka lost its flock of summer tourists, and many of the tour boats ended their illustrious careers sunk off of Big Island. In 1980, the Minnehaha tour boat was raised to the surface and after years of restoration is back in service today as part of the Minnesota Transportation Museum.

Many of the founders of Twin Cities' commerce, including the Pillsburys, Daytons and Burnetts built mansions along the lake. During its long history, Lake Minnetonka has always drawn an elite crowd, and today many of the top Twin Cities executives own Lake Minnetonka Homes.

The Lake Today

Lake Minnetonka is a prestigious lake, with exclusive real estate ownership. Properties situated on the lake sell for anywhere from $500,000 to over $20 million. The wide range in value depends largely on the quality of the lakeshore and the home, although many homes are from the early 20th century. The history of the home and property can be an intriguing aspect for those looking to own a piece of Minnesota's past. Most Lake Minnetonka Homes have between 40-60 feet of shoreline. Property values continue to rapidly increase as demand soars.

While there are no longer active resorts on the lake, the public access and nearby hotels afford vacationers and weekenders easy access to the water. The lake bustles with families and boaters over the hot summer weekends.

Enjoying Lake Minnetonka

Aside from area shopping and art galleries, the communities around Lake Minnetonka provide fun festivals and wonderful restaurants that draw area residents and visitors alike. Activities are geared toward enjoying the lake, and some of the most popular restaurants sit right on the water. Lord Fletchers on Lake Minnetonka in Spring Park and Maynards in The Port of Excelsior offer excellent cuisine and fantastic lakeside views. A wide range of ethnic restaurants, bars, grilles and clubs offer a variety of tastes. Visitors can charter a boat or partake in a lunch or dinner cruise, which is a unique and relaxing way to explore the lake.

Lake Minnetonka has much to offer those looking for a historic lake atmosphere and modern summer fun. Come to Lake Minnetonka for the fun, experience, history and the delicious cool water that will remind even urban dwellers that Minnesota is a land of natural wonder.