Lake Minnetonka
Lakeside living, established neighborhoods, and access to outdoor recreation just west of Minneapolis.
Lake Minnetonka is one of the Twin Cities’ most recognized residential areas, offering a unique blend of lakeside living, established neighborhoods, and access to year-round outdoor recreation. Located just west of Minneapolis, the area attracts buyers seeking a balance of natural surroundings, privacy, and proximity to the west metro and city amenities. From full-time residents to second-home owners, Lake Minnetonka continues to appeal to those drawn to its setting, lifestyle, and long-term desirability.
The lake itself anchors a network of distinct communities, each with its own character, shoreline features, and housing styles. Together, these neighborhoods contribute to a real estate market shaped by location, lifestyle preferences, and long-term ownership patterns.
Life on Lake Minnetonka centers around the water and the changing seasons. Boating, swimming, and lakeside entertaining define the warmer months, while quieter winter seasons offer a different pace and perspective on lake living. Beyond recreation, residents value the sense of space, mature landscaping, and established communities that surround the shoreline. The lifestyle appeal of Lake Minnetonka extends well beyond individual properties, shaping daily life and long-term demand.
Lake Minnetonka features a diverse range of lakefront homes, from long-established residences to thoughtfully renovated properties and newer custom builds. Architectural styles, lot characteristics, shoreline orientation, and privacy vary significantly from one area of the lake to another. These factors, along with home condition and updates, play a major role in determining value and buyer interest. As a result, pricing and performance can differ meaningfully even among homes with similar lake access.
An overview of recent lakefront real estate activity on Lake Minnetonka, highlighting pricing trends, sales volume, and time on market for $1,000,000+ homes.
In 2025, Lake Minnetonka saw 129 closed sales of $1M and above compared with 105 in 2024, reflecting continued buyer interest in lakefront homes and lifestyle properties. The average days on market improved from 53 days in 2024 to 49 days in 2025, showing strong market activity. The median sales price shifted from $2,300,000 to $2,015,000, representing a -12.0% change year-over-year — driven in part by variation in the mix of homes sold (new vs existing). Meanwhile, the average price per square foot remained steady at approximately $670/SF, underscoring consistent valuation trends among Lake Minnetonka properties.
Lake Minnetonka offers convenient access to Minneapolis and surrounding west metro communities, including Wayzata, Minnetonka, Orono, and Excelsior. Residents benefit from proximity to major roadways, dining, shopping, and services, while still enjoying a more natural residential setting. This balance between accessibility and environment continues to be a key factor driving demand for lakefront homes.
Every lakefront home on Lake Minnetonka is unique. Pricing and timing vary significantly based on shoreline, lot features, orientation, and home condition. If you’re curious about your home’s current market value, you can request a private, no-obligation home valuation.
Request a Lake Minnetonka home valuation
Homes for sale on and around Lake Minnetonka reflect a wide range of architectural styles, shoreline settings, and price points. Availability can change seasonally, and buyer interest often varies by location on the lake, lot characteristics, and home condition. Exploring current listings provides helpful context for understanding how today’s market is shaping opportunities for buyers and sellers.
OFFICE 3946 W 50th St Edina MN 55424
OFFICE 3946 W 50th St Edina MN 55424
