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

Research neighborhoods carefully – Each city around Lake Minnetonka has its own rules, taxes, and HOA guidelines.
Consider lake access – Not all homes have private docks; some may have shared or public access.
Inspect the property thoroughly – Waterfront homes are prone to erosion, flooding, and other water-related issues.
Work with a local real estate expert – An agent familiar with Lake Minnetonka can help you find hidden gems.
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

$1,200,000

3 Beds ⋅ 3 Baths ⋅ 7112455 MLS

Experience effortless luxury lake living in this beautifully reimagined Lake Minnetonka home offering 57 feet of shoreline, panoramic water views, and a level lakeside yard designed for entertaining and relaxation and FIVE STAR VIEWS from the main floor and master. Thoughtfully rebuilt with high-end finishes throughout, the open-concept main level is filled with natural light and seamlessly connects the gourmet kitchen, dining area, and living spaces to the expansive lakeside deck. The owner’s suite is a true retreat featuring vaulted ceilings, a spa-inspired bath, spacious walk-in closet, and convenient adjoining laundry. The finished lower level offers exceptional additional living space with a large family room, guest bedroom, designer bath, and flexible room ideal for a home office, fitness space, or additional sleeping area. Enjoy a low-maintenance exterior, modern mechanicals, and move-in-ready condition. Located just minutes from downtown Mound, dining, shopping, bike trails, this is a rare opportunity to enjoy luxury Lake Minnetonka living in a turnkey home that perfectly blends timeless design, everyday functionality, and an unbeatable waterfront lifestyle. A great year round home or lake cabin! Move in ready - nothing needs to be updated or touched.

1728 Finch Lane, Mound

Listing courtesy of RE/MAX Results.

$6,500,000

4 Beds ⋅ 5 Baths ⋅ 7116033 MLS

A rare opportunity to own the signature showcase home of DENALI Custom Homes, thoughtfully designed and built to exemplify exceptional craftsmanship, timeless architecture, and uncompromising quality. Completed in 2024 and perfectly positioned on 100 feet of pristine sandy shoreline on coveted West Arm Bay, this extraordinary Lake Minnetonka estate offers luxury living just minutes from downtown Wayzata. Walls of glass capture breathtaking lake views while soaring 13-foot ceilings and striking architectural details create an atmosphere of effortless sophistication. At the heart of the home, an extraordinary chef's kitchen flows seamlessly into expansive living and dining spaces designed for both intimate gatherings and grand-scale entertaining. A custom entertaining bar, screened porch with fireplace, resort-style pool, private dock, and multiple outdoor living areas complete the ultimate lakefront experience. The upper-level owner's retreat offers sweeping lake views, a spa-inspired bath, private office, and exceptional privacy. Every finish was intentionally selected, from custom steel detailing and natural stone to warm wood accents and bespoke cabinetry, creating a home that is both architecturally significant and remarkably livable. Featured in Artful Living, this one-of-a-kind residence represents the very best of modern luxury on Lake Minnetonka.

4041 N Shore Drive, Orono

Listing courtesy of Coldwell Banker Realty.

$9,995,000

6 Beds ⋅ 7 Baths ⋅ 7110272 MLS

Truly a RARE, once in a lifetime offering! The last prime A++ West-NW facing estate property remaining. Prime Main Lower Lake. Prime Woodland. Hard sand bottom lakeshore. A-grade water quality. Five minutes by boat into Wayzata, on one of the most coveted runs of shoreline on all of Lake Minnetonka, nestled into the Greenwich, Connecticut-like community in Minnesota — the Maplewoods neighborhood of Woodland. Once it’s gone, it’s gone. This estate offers unparalleled privacy from both the street approach and its commanding, perched presence above the water and boasts 3.76 acres and 255 feet of lakeshore. The experience begins at the cusp of the driveway, where the path descends into a private sanctuary. The meandering topography and sheer scale of the land provide a rich context for the current estate while offering incredible potential for future visions. From its commanding westerly sunset vistas and elevated perch, the estate offers long, deep-water views across the Main Lower Lake, Spirit Island and toward Ferndale — a vantage few properties on the lake can claim. Built in 1925 for the Phillip Duff family, the main residence was designed by Edwin Hewitt, the architect behind the Minneapolis School of Fine Arts, the Blake School, and the Woodhill and Lafayette Country Clubs. The home retains its historic character and period detailing while benefiting from a thorough 2003 renovation — updated electrical and plumbing, asbestos abatement, buried power lines, high-efficiency boilers, two whole-house generators (2000) and a comprehensive drainage system engineered to route water around and away from the tennis court. A charming casita, built new in 2003 as a mini-replica of the main house, adds a 2,200 sq. ft. guest or studio space in keeping with the original architecture. The grounds are as distinctive as the residence. A private Har-Tru clay tennis court anchors the landscape, surrounded by native flowers and plantings, a fenced garden suited to herbs, vegetables, and fruit, and two five-foot beehives managed by the University of Minnesota — together yielding nearly 40 pounds of "Gale Road Gold" honey each year, a private farmer's market steps from the front door. For buyers with a vision beyond the current estate, a concept plan already exists for a two-lot subdivision, creating two distinct lakefront parcels. Whether the next chapter is stewardship of a landmark Hewitt residence or the creation of an entirely new legacy, this is a once-in-a-lifetime opportunity on Lake Minnetonka.

2730 Gale Road, Wayzata

Listing courtesy of Compass.

$5,495,500

3 Beds ⋅ 4 Baths ⋅ 7114870 MLS

2492 Bantas Point Road, Wayzata

Listing courtesy of Compass.

$1,195,000

3 Beds ⋅ 3 Baths ⋅ 7112652 MLS

Turn-key main-level living townhome in a highly sought-after Lake Minnetonka community! Designed for comfort and convenience, this open-concept home features soaring vaulted ceilings, abundant natural light, and an updated kitchen with a large center island, perfect for everyday living and entertaining. The spacious main-level primary suite offers a walk-in closet and a private spa-inspired bath complete with dual vanities, a soaking tub, and a separate walk-in shower. A dedicated main-floor laundry room adds to the ease of one-level living. Step outside to the inviting main-level patio and three-season porch with Phantom screens—an ideal space to relax, entertain, or enjoy the fresh air throughout the seasons. In-floor heat extends throughout the main level. Fully finished, heated three-car garage. Upstairs, you'll find a comfortable loft that makes an ideal second living area, along with two additional bedrooms, a full bath, an office nook, and a second three-season porch featuring Phantom screens, offering even more space to unwind. Residents enjoy exceptional association amenities, including a beautifully maintained outdoor pool and hot tub. Offering low-maintenance living in an unbeatable Lake Minnetonka location, this home truly checks every box. Move right in and start enjoying the carefree Lake Minnetonka lifestyle you've been waiting for!

5485 Lost Lake Lane, Mound

Listing courtesy of Coldwell Banker Realty.

$1,799,000

7115014 MLS

Exceptional Lake Minnetonka homesite offering 410 feet of prime shoreline on East Upper Lake. Ideally positioned in a quiet harbor in Orono, this 1.45-acre setting provides a rare blend of tranquility, privacy, and a central lake location. An older home is located on the property, but the value is in the land. Open to all builders! Enjoy access to the lifestyle and amenities of both downtown Excelsior and Wayzata. Located in the Westonka School District. The Dakota and Minnetonka regional trails are just minutes away. Please do not enter the property without an appointment.

2685 Shadywood Road, Excelsior

Listing courtesy of Lakes Sotheby's International.

$1,799,000

3 Beds ⋅ 3 Baths ⋅ 7115008 MLS

Exceptional Lake Minnetonka homesite offering 410 feet of prime shoreline on East Upper Lake. Ideally positioned in a quiet harbor in Orono, this 1.45-acre setting provides a rare blend of tranquility, privacy, and a central lake location. Remodel this older three bedroom, three-bathroom one story home and boat house, or build new. Open to all builders! Enjoy access to the lifestyle and amenities of both downtown Excelsior and Wayzata. Located in the Westonka School District. The Dakota and Minnetonka regional trails are just minutes away. Please do not enter the property without an appointment.

2685 Shadywood Road, Excelsior

Listing courtesy of Lakes Sotheby's International.

$3,998,000

7112986 MLS

An extraordinary opportunity to own one of Lake Minnetonka's most coveted waterfront properties in highly desirable Smithtown Bay. Situated on over one acre with approximately 140 feet of level, west-facing sandy lakeshore, this exceptional estate captures breathtaking sunset views and offers a rare combination of privacy, prestige, and potential. Whether you choose to enjoy the home as it stands today, reimagine and renovate it to suit your lifestyle, or take advantage of this irreplaceable setting to build your dream estate, the possibilities are truly endless. The generous lot, coveted shoreline, and premier location near Howard's Point Marina and within the award-winning Minnetonka School District make this a once-in-a-generation offering. Bring your imagination and be delightfully surprised by the incredible opportunity that awaits. This home has been virtually staged. Sold AS-IS.

28235 Boulder Cir, Shorewood

Listing courtesy of Coldwell Banker Realty.

$1,050,000

3 Beds ⋅ 2 Baths ⋅ 7108967 MLS

Rare Lake Minnetonka lakefront townhome! Beautifully maintained grounds, covered boat slip and long easterly views across Harrison Bay create an exceptional lakeside setting. Main-level features an open floor plan with soaring vaulted ceilings, lakeside owners suite, and a large sunroom overlooking the water. The walkout lower level features a spacious family room with a stone fireplace, wet bar, two additional bedrooms, an adjacent bath and generous storage. Beautiful outdoor entertaining spaces include a lakeside patio overlooking the lush lawn and water. Enjoy low-maintenance living with many recent improvements. Conveniently located just minutes from shopping, restaurants, parks, and the Dakota Trail.

1824 Commerce Boulevard, Mound

Listing courtesy of Coldwell Banker Realty.

$118,000

1 Beds ⋅ 1 Baths ⋅ 7111440 MLS

Affordable access to Lake Minnetonka at Lakewinds Yacht & Sport. This 1-bedroom, 1-bath condo includes a private covered deck with treetop views, a reserved parking space, and additional storage in the building. Lakewinds offers 700+ feet of shared shoreline, a sandy swim beach, community dock, kayak storage, and a rooftop "Crow's Nest" deck with panoramic lake views. Building amenities include two heated indoor pools, saunas, a fitness center, racquetball and basketball courts, and a community party room with a fireplace and lake views. The association fee covers heat, gas, water, water heating and softening, cable TV, internet, and hazard insurance — owners are responsible for electricity only. Located in the Westonka School District, minutes from Mound and Spring Park restaurants, shops, and the Dakota Rail Regional Trail. One of the most affordable ways to own on Lake Minnetonka, whether as a year-round residence or a low-maintenance seasonal retreat.

4407 Wilshire Boulevard Unit 309, Mound

Listing courtesy of Coldwell Banker Realty - Lakes.

$1,800,000

4 Beds ⋅ 4 Baths ⋅ 7108369 MLS

Welcome to 4005 Co Rd 44, over 100 feet of west-facing lakeshore on Halstead Bay, with sunset views that'll stop you in your tracks every night. This 4 bedroom, 4 bathroom home offers 3,154 finished square feet, designed so the lake is visible from nearly every room. Step into the main level and a vaulted living room with fireplace opens straight onto the water. The kitchen keeps the view going, with a center island, granite countertops, Viking stainless steel appliances, and plenty of cabinetry for real everyday cooking. The dining area walks right out to a lakeside deck, ideal for dinner with a sunset backdrop or entertaining a crowd. The primary suite offers its own lake views and an updated bath, and there's flexible living space upstairs for guests, a home office, or whatever you need it to be. Downstairs, the walkout lower level has 9-foot ceilings and doesn't feel like a basement at all. You'll find a large family room, a second fireplace, and a wet bar, all opening to a lakeside patio and backyard that leads straight to the shore. This is Lake Minnetonka living at its best: boating, sunsets, and year-round lakefront life on Halstead Bay.

4005 County Road 44, Minnetrista

Listing courtesy of eXp Realty.

$1,400,000

3 Beds ⋅ 2 Baths ⋅ 7085468 MLS

A rare opportunity to own a property that has been in the same family for three generations! Set on a beautiful 0.27-acre lot with 54 feet of shoreline on St. Albans Bay, this is an exceptional chance to create your dream waterfront retreat. The existing two-story home is in need of a complete renovation or tear-down, offering endless possibilities for builders, investors, or buyers looking to design a custom lake home. The current layout features an open main floor with a vaulted living room and deck overlooking the lake, an upper-level primary bedroom with its own private lakeside deck, and a walkout lower-level family room that leads directly to the shoreline. A two-car attached garage includes a full unfinished basement, providing additional storage or future potential. Properties with this location, shoreline, and family legacy rarely become available. Bring your vision and take advantage of this unique opportunity to build or transform a home in one of St. Albans Bay's most desirable waterfront settings

5510 Maple Heights Road, Excelsior

Listing courtesy of Edina Realty, Inc..

$3,750,000

4 Beds ⋅ 6 Baths ⋅ 7109741 MLS

Exceptional in both design and setting, this rare Lake Minnetonka property offers 128 feet of south-facing shoreline on Jennings Bay, a fully remodeled turnkey home, a 6 car garage, and resort-style outdoor living with a saltwater pool. Located on a quiet cul-de-sac this house is perfectly positioned to offer the tranquility of lake living with convenient access to the Highway 394 corridor and downtown Minneapolis. This is a rare chance to secure true move-in-ready lakefront living—without the time, cost, or uncertainty of building new. Beautifully reimagined and renovated with modern conveniences throughout, this home lets you enjoy the lake from day one. Walls of windows frame breathtaking water views throughout the main living spaces, while soaring ceilings and an open floor plan create effortless flow for everyday living and entertaining. The chef’s kitchen anchors the home and flows into light-filled living and dining spaces, while the rare main-level lake-view primary suite provides a private retreat overlooking Jennings Bay. Outside, an updated heated saltwater pool, beautifully landscaped grounds, private poolside and lakeside seating areas, and deep water shoreline creates a setting that feels more like a private resort than a residence. The walkout lower level is designed for the way families live today, featuring spacious recreation areas, a kitchen, flexible living spaces for family or guests, and abundant storage for lake toys and hobbies. This exceptional location offers the perfect balance of privacy and convenience. Enjoy award-winning schools and effortless access by boat to Lake Minnetonka favorites, including Lord Fletcher’s. The combination of 128 feet of south-facing Lake Minnetonka shoreline, panoramic Jennings Bay views, a fully remodeled turnkey home, a rare 6 car garage, and a resort-style outdoor setting is extraordinarily rare. This is more than a home—it is an opportunity to experience one of Lake Minnetonka’s most desirable settings immediately.

1065 Bayside Lane, Minnetrista

Listing courtesy of Edina Realty, Inc..

$6,490,000

7 Beds ⋅ 7 Baths ⋅ 7110790 MLS

Experience the pinnacle of lakeside luxury with this extraordinary custom-built Lake Minnetonka estate set on nearly 130 feet of pristine sandy shoreline in highly sought-after Orono. Built with timeless architectural design and exceptional craftsmanship, this nearly 10,000 sqft residence features 7 bedrooms and 7 bathrooms, along with an attached private in-law suite and separate guest cottage–offering comfort and flexibility for hosting. The property showcases a rare sandy beach, ideal for swimming, boating, and enjoying the best of Lake Minnetonka living. As you step in, you’re greeted by expansive living spaces, soaring ceilings, and panoramic lake views. The gourmet chef’s kitchen features premium finishes, custom cabinetry, and beautifully sanded hardwood floors, with a layout designed for both intimate gatherings and grand-scale entertaining. The main-level primary suite offers a private retreat with in-floor heat and a spa-inspired bath. The walkout lower level is also designed for entertaining, featuring a sophisticated wet bar, private theater room, in-floor heat, fitness room and indoor sport court, allowing you to enjoy wellness & recreation without ever leaving home. Step outside to your private outdoor oasis with a paver patio, built-in grill, and an outdoor TV lounge area, creating an exceptional setting for entertaining with breathtaking lake views. Enjoy the added luxury of a sunroom with stone fireplace, boat house storage, and dock with canopies, enhancing your lakefront experience. An oversized heated garage, private hobby room, and built-in storage cabinets complete the home. Located within the award-winning Orono School District and minutes from the lakefront communities of Wayzata & Excelsior, enjoy premier dining, boutique shopping, & vibrant entertainment offering upscale waterfront experiences. This is more than a private residence–it’s a legacy Lake Minnetonka estate where luxury, lifestyle, and location converge in one extraordinary offering.

1065 Tonkawa Road, Orono

Listing courtesy of RE/MAX Advantage Plus.

$1,150,000

2 Beds ⋅ 2 Baths ⋅ 7099377 MLS

Effortless lake living! Amazing front unit (closest to the lake) at sought-after Excelsior Bay Gables featuring breath-taking panoramic views of Lake Minnetonka's Excelsior Bay! The primary suite and second bedroom/den bookend this naturally sun-filled unit. View the lake from almost every single window or patio door in this stunning condo. This might be the very best view in the whole complex! Enjoy a covered wrap-around maintenance free balcony that takes full advantage of the lake views and surrounding natural beauty. The bonus room across the hall can be used as an office or additional storage. HOA amenities include a heated swimming pool, tennis courts, year-round hot tub and sauna facilities, fitness center, private docks with boat slip rentals available ($1244/season), meticulously maintained outdoor common areas, and 2 secure underground heated garage parking stalls (#20 & #21). EZ walk to everything Historic Excelsior has to offer-charming shops, many excellent restaurants and beautiful Commons Park with 2 beaches, lighted softball field and bandshell. Take the sidewalk from the parking lot just 2 blocks east and jump on the LRT trail to walk/bike almost anywhere. Whether you are enjoying drinks on your balcony, walking to your favorite restaurant, swimming in the heated pool, playing a game of tennis or taking your boat out on the lake, you will never be at loss for something to do!

603 Lake Street Unit 215, Excelsior

Listing courtesy of Edina Realty, Inc..

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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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