Deephaven

Deephaven is a charming lakeside city in Hennepin County, beautifully situated along the shores of Lake Minnetonka. Founded and incorporated in 1900, this close-knit community began with just around 230 residents and has since grown to welcome nearly 3,900 people who enjoy its peaceful, small-town feel. Known for its rich history as a beloved retreat on the lake, Deephaven offers a perfect blend of natural beauty, friendly neighborhoods, and a strong sense of community that makes it a wonderful place to call home.

Real Estate Statistics

Average Price $3.2M
Lowest Price $400K
Highest Price $22M
Total Listings 23
Avg. Days On Market 2
Avg. Price/SQFT $537

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Deephaven Highlights:

Deephaven is a charming lakeside community rich in history and local traditions. Once home to luxury hotels like the Hotel St Louis and the Keewaydin Hotel, which attracted summer vacationers nationwide before both were lost to fires, Deephaven has maintained its appeal through its vibrant community spirit. The Minnetonka Yacht Club, founded in 1882 and one of the oldest in the country, offers residents premier waterfront facilities on Lighthouse Island and Carson’s Bay. A true heart of the city is the Cottagewood General Store, a beloved local landmark since 1895, where families gather for events like Grill Nights and holiday celebrations, keeping small-town Americana alive. With highly sought-after neighborhoods like Cottagewood and multiple community docks, Deephaven combines a rich history, active waterfront living, and a strong sense of community that make it an inviting place to call home.

INSIDER TIPS

MINNETONKA SCHOOL DISTRICT

Deephaven is located within the Minnetonka School District. The Minnetonka Public School District is among the highest-performing school districts in Minnesota and the nation and proudly serves families in all or part of 10 communities: Minnetonka, Chanhassen, Deephaven, Eden Prairie, Excelsior, Greenwood, Shorewood, Tonka Bay, Victoria, and Woodland. In addition, students from 45 other Minnesota school districts attend Minnetonka schools through the state's Open Enrollment program.  

UTILITIES 

Utility Information

MUNICIPAL BOAT SLIPS

The City of Deephaven offers a variety of boating amenities for residents, including 94 dock slips, 53 buoys, 15 shore spaces, 81 B2 slides, 20 B1 slides, 8 street-end slides (located in Cottagewood), and 48 canoe racks. These facilities are primarily located on Carson’s Bay and St. Louis Bay.

To join a mooring waitlist, you must be a Deephaven resident (owner or renter), live in the city between May 15 and October 1, and be at least 18 years old. Property owners are given priority over renters. Renters who receive a mooring can only hold it for one boating season and are not guaranteed renewal unless there are no property owners requesting that space type.

  • Residents may join one or multiple mooring waitlists (e.g., dock, buoy, canoe rack) with a one-time $5 fee per list.
  • Once on a list, you remain until you either move, request removal, or decline two offers.
  • You cannot choose a specific bay or space initially, but after accepting your first offer, you may join a rotation waitlist to request a preferred location.
  • When first offered a mooring, you may decline once and retain your position, but a second decline will result in removal from that list.

For more information or to check your waitlist status, visit the City of Deephaven's website, or call City Hall at 952-474-4755.

PARKS AND BEACHES IN DEEPHAVEN

Deephaven has made a long-term commitment to conserving the environment, accessing parks and open spaces, designing ecologically sensitive areas, and promoting active recreation. Deephaven has over 76 acres in its parks system. Their recreational areas include parks, tennis courts, baseball fields, platform tennis courts, basketball courts, and walking trails. Hiking and biking trails connect to many other recreational areas, and during the winter, these trails can be used for Nordic skiing.

 

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