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Homes on Lake Minnetonka | Minnesota Waterfront Properties


Lake Minnetonka Homes for Sale

Lake Minnetonka is one of Minnesota’s most sought-after lakefront destinations, offering a unique blend of natural beauty, luxury living, and vibrant communities. Homes on Lake Minnetonka range from cozy cottages to sprawling estates, making it a prime location for buyers looking for lakefront property or vacation homes. Whether you’re seeking a serene retreat or a year-round residence, Lake Minnetonka has something for everyone.


Lake Minnetonka Neighborhoods

Lake Minnetonka stretches across several cities and towns, each offering distinct charm and amenities:

1. Wayzata

Wayzata is famous for its bustling downtown, upscale shopping, and picturesque lake views. Waterfront homes here tend to be modern and luxurious, often with private docks and expansive yards.

2. Excelsior

A historic town with a friendly community feel, Excelsior features charming older homes and a lively downtown near the lake. It’s ideal for buyers looking for character and walkable neighborhoods.

3. Mound and Minnetrista

These areas offer more privacy and larger lots, perfect for families or those seeking a quieter lakefront experience. Homes range from traditional Minnesota cabins to high-end estates.

4. Orono

Known for its wooded lots and prestigious properties, Orono is a favorite among buyers looking for expansive lakefront estates with boating access and privacy.


Average Prices of Lake Minnetonka Homes

Lake Minnetonka home prices vary depending on location, size, and waterfront access:

  • Condos and smaller lakefront homes: $400,000 – $700,000

  • Mid-sized family homes: $700,000 – $1.5M

  • Luxury estates: $1.5M – $10M+

Waterfront access, private docks, and modern renovations significantly influence pricing.


Types of Homes on Lake Minnetonka

  • Waterfront estates: Luxury homes with private docks, boat lifts, and panoramic lake views.

  • Cottages and cabins: Cozy retreats ideal for seasonal living or vacation rentals.

  • Modern lakefront homes: Newly built or renovated homes with open layouts, high-end finishes, and lake-facing windows.

  • Historic homes: Older properties with classic Minnesota architecture and charm.


Buying Tips for Lakefront Properties

  1. Research neighborhoods carefully – Each city around Lake Minnetonka has its own rules, taxes, and HOA guidelines.

  2. Consider lake access – Not all homes have private docks; some may have shared or public access.

  3. Inspect the property thoroughly – Waterfront homes are prone to erosion, flooding, and other water-related issues.

  4. Work with a local real estate expert – An agent familiar with Lake Minnetonka can help you find hidden gems.

  5. Understand property taxes and insurance – Lakefront homes often carry higher rates, so plan accordingly.


Why Lake Minnetonka is a Great Investment

  • High demand for lakefront properties – Waterfront homes are limited and tend to appreciate in value.

  • Recreational lifestyle – Boating, fishing, swimming, and lakeside dining attract buyers year-round.

  • Community and amenities – Top-rated schools, shopping, and cultural events in nearby towns make it ideal for families.


Buying a home on Lake Minnetonka combines the serenity of lakefront living with the convenience of nearby towns and amenities. Whether you’re searching for a cozy cottage, a modern lakefront retreat, or a luxury estate, Lake Minnetonka offers a wide variety of options. Start your search today to find the perfect property that fits your lifestyle.

Looking for homes on Lake Minnetonka? Contact us today to browse the latest listings, schedule private tours, and get expert advice on buying your dream lakefront property in Minnesota.

Today's Water Front Listings On Lake Minnetonka

$5,750,000
4 Beds 6 Baths 7138183 MLS
An exceptional opportunity to create a distinguished Lake Minnetonka estate on the shores of Crystal Bay. Set along **135 feet of southeast-facing sandy shoreline**, 3705 North Shore Drive offers an extraordinary combination of waterfront, privacy, scale, and proximity to Wayzata. The offering includes the adjacent parcel at 1610 Shadywood Road**, creating a combined 0.90-acre estate setting** that feels even more expansive with the adjoining city easement. The additional land provides valuable flexibility for future amenities such as a guest house, additional garage, sport court, or enhanced outdoor living spaces, subject to applicable municipal approvals. A proposed **6,874-square-foot custom residence** has been thoughtfully designed to maximize the property's exceptional setting and sweeping views of Crystal Bay. The architecture emphasizes sophisticated lake living, with expansive windows, vaulted ceilings, refined natural materials, and a seamless relationship between the interior and exterior spaces. The main level is anchored by an impressive vaulted great room and chef's kitchen featuring architectural wood beams and a dramatic three-sided fireplace connecting the kitchen, dining, and living areas. Indoor-outdoor lanai spaces extend the entertaining areas toward the lake and create an effortless connection to the shoreline. The main-level owner's suite is designed as a private retreat overlooking the water, complete with a spa-inspired bath and dual dressing rooms featuring a center island. A thoughtfully designed mudroom with a dedicated washer and dryer provides additional convenience for everyday lake living. The upper level offers a sophisticated collection of recreational and guest spaces, including a lounge and bar, exercise room, golf simulator/theater, and private guest retreat. Three ensuite bedrooms provide exceptional accommodations, with two featuring direct access to skydecks overlooking the property and Crystal Bay. The location is equally compelling. Positioned near the historic **Lafayette Club**, Lake Minnetonka Regional Park, and downtown Wayzata, the property provides convenient access to premier dining, shopping, recreation, and the amenities of one of Lake Minnetonka's most desirable communities. With more than **14,000 acres of water and over 100 miles of shoreline**, Lake Minnetonka offers an exceptional four-season lifestyle. Boating, sailing, paddleboarding, swimming, and sunset cruises define the warmer months, while skating and ice fishing extend the experience throughout winter. **With two parcels, 135 feet of sandy Crystal Bay shoreline, and a thoughtfully conceived custom residence, 3705 North Shore Drive represents a rare opportunity to establish a significant private estate on Lake Minnetonka.**

3705 Shore Drive N, Wayzata

Listing courtesy of RE/MAX Results.

$5,665,000
4 Beds 6 Baths 7101751 MLS
Welcome to 1397 Orono Lane, a stunning south-facing Lake Minnetonka retreat on Browns Bay, ideally located just minutes from downtown Wayzata. Extensively remodeled in 2026 by John Kraemer & Sons Inc, this thoughtfully reimagined home offers an exceptional floor plan along with beautiful lake views throughout. The redesigned main level centers around the reimagined chef's kitchen featuring a spacious center island, stainless steel appliances, a stylish walk-in pantry, and separate refrigerator and freezer. The reimagined primary suite offers the ultimate in comfort with a private laundry area, spa-like en-suite bathroom with separate soaking tub and shower, and an incredible walk-in closet with custom organizational components. Step directly from the primary bedroom onto the outdoor patio and enjoy the serene lake setting. A newly added main-level guest bedroom features a charming window seat, walk-in closet, private 3/4 bathroom, and access to the pocket office. The main level also includes a welcoming living room with gas fireplace, a screened porch with Phantom Screens, and expansive lake views from nearly every room. Upstairs, discover two additional bedrooms and a bonus room that could be used for storage, a playroom, or hobby space. The lower level adds even more functionality with a second laundry area complete with drying racks, a sauna/infrared light sauna, and another spacious bonus room perfectly suited for a home gym, hobby room, or additional flex space. Outside, enjoy beautifully manicured landscaping, a large paver patio, screened-in porch, and 116 feet of pristine Lake Minnetonka shoreline. The heated three-stall garage features epoxy flooring and a dedicated hangout area with TV, creating an ideal space for lake days, entertaining, and relaxing year-round. An exceptional opportunity to enjoy a beautifully updated home, stunning lake views, and the best of Lake Minnetonka living just minutes from Wayzata.

1397 Orono Lane, Wayzata

Listing courtesy of Compass.

$3,500,000
5 Beds 7 Baths 7137104 MLS
Introducing 4145 Trillium Lane East in the exclusive Trillium Bay neighborhood on Lake Minnetonka. Better than new construction, this extraordinary estate offers 8,675 finished square feet of stunning living space on 1.96 private acres, complete with a dock and deeded 40-foot boat slip. Featuring five bedrooms, seven bathrooms, and panoramic lake views, the home has been extensively remodeled with sophisticated design, exceptional craftsmanship, and uncompromising attention to detail. More than $1.9 million in improvements were completed between 2017 and 2026, including a new detached three-car garage with finished loft, designer Class 4 roof, Pella Reserve windows and doors, extensive landscaping and hardscaping, heated pool patio, commercial-grade pergola, updated HVAC systems, irrigation and outdoor lighting, new flooring, dock improvements, a comprehensive Savant smart home and audio-video system, and a spectacular new kitchen. Designed for effortless everyday living and grand-scale entertaining, the open-concept floor plan is defined by soaring 16-foot ceilings, expansive windows, and breathtaking lake views. The custom kitchen by Belle Kitchens pairs refined modern design with professional-grade performance, featuring premium Wolf, Sub-Zero, Miele, and Gaggenau appliances. The resort-inspired outdoor setting is equally impressive, with a heated pool, hot tub, expansive paved patios, mature landscaping, and thoughtfully designed gathering spaces that embrace the Lake Minnetonka lifestyle. Inside, two laundry rooms, multiple exercise spaces, stunning home office, beautifully renovated bathrooms, and carefully curated high-end finishes provide exceptional comfort and functionality. The walkout lower level was created for entertaining, showcasing a spacious family room, impressive 17x28 wet bar, and custom saltwater aquarium with exotic fish. Garage accommodations for up to seven vehicles, including EV charging capability, provide an exceptional setup for collectors and enthusiasts. Truly turnkey and meticulously updated from top to bottom, this remarkable Lake Minnetonka estate offers an exceptional combination of luxury, privacy, craftsmanship, and waterfront living. Trillium Bay is a private Lake Minnetonka neighborhood nestled along the shores of Halsted Bay in Minnetrista. Neighborhood amenities include a private sandy beach, grilling and picnic areas, tennis courts, a playground, and golf cart-friendly roads, creating a relaxed and inviting lakeside community.

4145 Trillium Lane E, Minnetrista

Listing courtesy of Compass.

$1,895,000
4 Beds 3 Baths 7136064 MLS
Welcome to a truly special Lake Minnetonka retreat, where mature trees, privacy, and breathtaking west-facing views create an exceptional setting on North Arm Bay. Tucked at the end of a quiet cul-de-sac, this property offers 100 feet of shoreline, highly sought-after Orono Schools, and the perfect blend of character, comfort, and lake living! The thoughtfully renovated main level showcases a warm Arts & Crafts aesthetic with hardwood floors, vaulted ceilings, and inviting architectural details throughout. At the heart of the home is the beautifully renovated chef’s kitchen—a true focal point designed for both everyday living and entertaining. A breakfast bar and center island seamlessly connect to the open-concept living spaces, creating a natural gathering place with beautiful views and easy access to the sunroom and screened porch. A wood-burning fireplace, vaulted ceilings, main-level laundry, and three main-level bedrooms complete the main floor. The lakeside primary suite is a private sanctuary with dual closets, a spa-inspired bath, and direct access to a private deck overlooking the water. The lower level offers a cozy family room with fireplace and wet bar area, a fourth bedroom with ¾ bath, and abundant storage—providing plenty of space for guests, recreation, or relaxed lake weekends. Step outside and experience the magic of this property. Mature trees frame stunning treetop and lake views, while the west-facing shoreline delivers spectacular sunsets. A level lakeside area provides an ideal setting for outdoor entertaining and enjoying the water, complete with a charming gazebo perched at the water’s edge. A convenient lakeside tram and stairs provide easy access from the home to the water, making it effortless to enjoy boating, swimming, and everything Lake Minnetonka has to offer. A backup whole-home generator provides added peace of mind year-round. A rare opportunity to own a private and peaceful Lake Minnetonka property with exceptional views, 100 feet of shoreline, a beautifully renovated kitchen, timeless character, and the convenience of a cul-de-sac setting just steps from the lake. This is a property that truly must be experienced in person.

525 Park Lane, Orono

Listing courtesy of Coldwell Banker Realty.

$4,200,000
5 Beds 6 Baths 7031984 MLS
The Ultimate Lake Minnetonka Retreat is an extraordinary lake house at 5940 Loring Drive in Minnetrista, where every season feels like a vacation. Set on a quiet cul-de-sac along the open waters of Upper Lake, this beautiful retreat combines classic lake living with the comforts of a substantial year-round home. Offering nearly 6,500 finished square feet, the residence includes five bedrooms and six bathrooms with spaces designed for both everyday living and effortless entertaining. Sweeping lake views become part of the experience throughout the home, while the main-level primary suite provides the ease and privacy of one-level living. The property features a large, level yard beautifully framed by mature perennial gardens and lush landscaping. It is an ideal setting for entertaining, outdoor celebrations or simply giving children and grandchildren room to run and play. The peaceful cul-de-sac setting adds another layer of privacy and is especially appealing for families with young children. At the water’s edge, approximately 120 feet of Lake Minnetonka shoreline includes a hard-sand beach perfect for swimming and enjoying direct access to the lake. A triple-canopy boathouse with a spacious veranda overlooks Upper Lake, creating a spectacular setting for sunset views, morning coffee and long summer days on the water. Inside, the home has two distinct personalities. The main level captures the spirit of the ultimate summer beach house, filled with natural light and a relaxed lake-house feel. The great room and expansive kitchen create inviting gathering spaces, complemented by formal and informal dining areas and a dedicated home office. The walkout lower-level transforms into the ultimate winter cabin, warm and cozy after a day spent skating, snowshoeing or enjoying the frozen lake. A spacious family room centers around the fireplace, while a wet bar, pool table area, media room and wine cellar make this level equally suited for entertaining family and friends. Whether you’re boating, swimming, or entertaining in the expansive yard this home captures everything that makes Lake Minnetonka special. Located in the Westonka School District and just minutes from the shopping, dining and everyday conveniences of nearby Minnetrista, Mound and the western Lake Minnetonka communities, your new home offers a rare combination of substantial shoreline, open-water views, privacy and year-round lake living. This is more than a lake house. It is a true Lake Minnetonka retreat with everything you need to make memories year-round.

5940 Loring Drive, Minnetrista

Listing courtesy of Lakes Sotheby's International.

$3,000,000
4 Beds 5 Baths 7133553 MLS
Build your dream home here with Omni Custom Builders..Welcome to the untouched elegance, where the tranquil waters of Phelps Bay on Lake Minnetonka meet a property that feels as if it were pulled from a dream. Tucked away on a secluded peninsula shared by only two other estates, this once-in-a-lifetime lot has absolute privacy on three sides of this magnificent property that spans nearly half an acre. With 205 feet of uninterrupted shoreline in front and another 204 feet of water and natural views wrapping around the side and back, this property offers near-360° lakefront serenity. This rare setting invites you into a lifestyle defined by privacy, natural beauty, and year-round adventure. Phelps Bay is renowned among local anglers as the premier bass fishing destination on Lake Minnetonka. Launch your boat for a morning on the glassy water, cast off the dock at sunset, or explore the shoreline by paddle board. In winter, the frozen bay transforms into a private ice fishing haven just steps from home. Located in Westonka Schools, the property is just 20 minutes from downtown Minneapolis and moments from coveted West Metro favorites. Enjoy lakeside dining at Al & Alma’s Supper Club, cocktails on the deck at Lord Fletcher’s, or boutique shopping and cafes in Wayzata, Excelsior, and Mound. Golfers will appreciate the short drive to Lafayette Club, and nature lovers can escape into nearby trails and parks along the lake. Set at the end of a quiet cul-de-sac/private driveway, this site promises unmatched seclusion. The southeast-facing exposure gifts you with golden sunrises over the water each morning, and burying the existing utilities underground will preserve your unobstructed, horizon-wide view. Here, you don’t just build a home, you create a legacy. If you want a one-of-a-kind, secluded, and private 1/2 acre lot on Lake Minnetonka, this is the perfect property for you. Being able to see nature around you, while living on Lake Minnetonka is rare, and this lot has it all.

3495 East Shore Drive, Minnetrista

Listing courtesy of RE/MAX Results.

$5,895,000
6 Beds 7 Baths 7133069 MLS
Guest House! Still time to make selections! New Build! Omni Custom Builders!Welcome to an extraordinary new-construction opportunity on the **West Arm of Lake Minnetonka**, where thoughtful architecture, exceptional entertaining spaces, and a truly irreplaceable shoreline feature come together to create a remarkable lake estate. One of the property's most distinctive features is the **approximately 635-square-foot grandfathered-in detached shoreline cottage**, positioned just **40 feet from the water's edge**. The cottage will be beautifully renovated and features a living room, kitchen, bedroom, bathroom, and private deck—creating the ultimate guest house, lakeside retreat, or private escape just steps from Lake Minnetonka. Opportunities to have a separate structure this close to the shoreline are exceptionally rare. Set on a desirable **south-facing lot with 75 feet of Lake Minnetonka shoreline**, the property is ideally positioned for abundant natural light and beautiful water views. The home's walkout design takes full advantage of its setting, bringing the lake into view throughout the residence. The main level combines sophisticated everyday living with exceptional functionality. A beautifully appointed **Guest Suite** features a spacious walk-in closet and private ensuite bath. The gourmet kitchen is complemented by an expansive **back-kitchen scullery and pantry**, providing abundant preparation and storage space for effortless entertaining. A thoughtfully designed mudroom includes its own washer and dryer—ideal after a day on the lake—while expansive windows frame the water beyond. Upstairs, three generously proportioned bedrooms each offer a **private ensuite bath and spacious walk-in closet**, providing comfort and privacy for family and guests. The oversized laundry room is equipped with **two washers and two dryers**, making everyday living remarkably convenient. The walkout lower level is designed as an exceptional entertainment destination. An expansive family room connects to a **state-of-the-art golf simulator, dedicated theater room, and full-size bar**. A private Lake Bath features a **spa-inspired sauna and shower with a separate exterior entrance**, allowing convenient access directly from the lake. The fifth bedroom enjoys beautiful lake views and is positioned near the outdoor **covered lanai**, complete with an outdoor grill and fireplace—creating an inviting setting for dining, entertaining, and relaxing by the water throughout the seasons. A spacious **four-car garage** provides abundant room for vehicles, boating equipment, recreational gear, and all the essentials of the Lake Minnetonka lifestyle. Designed by **David Charlez Designs**, this exceptional residence brings together sophisticated architecture, luxurious amenities, thoughtful functionality, and one of the property's greatest treasures—an irreplaceable grandfathered shoreline cottage just 40 feet from Lake Minnetonka. This is more than a new home. It is an opportunity to create an extraordinary **Lake Minnetonka compound**, combining a spectacular new residence, private guest cottage, south-facing shoreline, and an exceptional lifestyle on the West Arm.

4485 N Shore Drive, Orono

Listing courtesy of RE/MAX Results.

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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