Call Agent

Greenwood

A small city big on community


 

GREENWOOD

“A small city big on community”

Greenwood is a tiny little city in Hennepin County with a population of roughly 750 people. The total square miles for the city is 0.61 with 0.25 of those square miles being on Lake Minnetonka. Greenwood is one of the smallest Lake Minnetonka communities. With its location on St. Albans Bay looking straight West, the sunsets are amazing for the lakeshore properties. Greenwood is located within walking distance to downtown Excelsior and all that charming village has to offer. 

Although Greenwood was officially founded in 1956, residents can be traced back to the 1840’s. When George Bertram traveled from New York to the Southern shores of Lake Minnetonka, he sought to create a village and farming community. He teamed up with a home builder, Robert McGrath, and began to construct homes in the original Excelsior township. The township originally included Excelsior, Greenwood, Shorewood, Tonka Bay and parts of Deephaven and Orono. As time went on, some of the areas started to break off from the Excelsior Township. Orono was the first one to break off  and Greenwood and Shorewood were the last with their departures in 1956.  
 
For what it lacks in size, Greenwood makes up for in community. The small population is focused on building community and enjoying all that the area has to offer. There is an annual 4th of July parade, outdoor concerts at the Old Log Theater and a community wide ice fishing group. Greenwood Park is a common meeting place for Greenwood residents.


INSIDER TIPS

For the non lakeshore owners, Greenwood has 26 slips for boots at the St. Alban’s Bay City Docks. There is a waiting list but priority is given to non lakeshore owners.

Old Log Theater, perhaps the most notable part of Greenwood’s history, was opened in 1940 and continues to entertain guests with their plays. Old Log Theater has entertained over six million people since its doors first opened.   

Cast & Cru is the only restaurant located in Greenwood. It is attached to the Old Log Theater and not only serves the visitors of the theater, it also is a destination restaurant among non theater goers. The restaurant serves American dishes tying in molecular gastronomy and is a farm to table restaurant. Definitely worth a try if you're in Greenwood.

Greenwood Marina is located in Greenwood and is the only marina on Lake Minnetonka with covered slips- a wonderful tool in helping protect your boat from the elements. It's a full service marina with gas, summer dockage, cleaning and detailing, and winter storage. Owned and operated for over forty years by the same family and located on the calm bay of St. Albans; Greenwood Marina is a real asset.

Parks and Beaches
  • Meadville Boat Launch, Sailboat Slips and Canoe Rack
  • LRT Trail
  • Greenwood OVerlook 
  • Greenwood Park
  • Excelsior Blvd Trail
  • St. Alvan’s Bay City Docks
  • Minnetonka Blvd Trail
  • Shuman Woods Park  
Greenwood is served by the Excelsior Fire District and the South Lake Minnetonka Police Department. Violent crime is essentially non existent in Greenwood and is safer than 80% of the cities nationwide.


MINNETONKA SCHOOL DISTRICT

Greenwood is served by the Minnetonka School District. Minnetonka School District is nationally recognized as one of the best school districts in the state.  It currently has 10,600 students enrolled in kindergarten through twelfth grade. The Minnetonka School District serves families in the Minnetonka, Chanhassen, Deephaven, Eden Prairie, Excelsior, Greenwood, Shorewood, Tonka Bay, Victoria and Woodland areas. 91% of Minnetonka High School graduates are college bound and over 97% of the students who attend MHS graduate. The Minnetonka School District has six elementary schools including Spanish and Chinese immersion schools, two middle schools and one high school.  

Greenwood residents would attend Deephaven Elementary, Minnetonka Middle School East and Minnetonka High School.


REAL ESTATE INSIGHTS

With over 40% of its homes on Lake Minnetonka, and being located only 14 miles away from Minneapolis, Greenwood is a highly desirable location. The average Greenwood home sold in 2017 for $1,412,375 with 163 days on market. With the city and its residents focused on community building, nature, and lake living, Greenwood is a good real estate investment and a great place to call home.