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 $2.7M
Lowest Price $495K
Highest Price $11.9M
Total Listings 24
Avg. Days On Market 106
Avg. Price/SQFT $530

Property Types (active listings)

Search Deephaven Homes for Sale

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New
18200 Fairhomes Lane, Deephaven

$699,000

18200 Fairhomes Lane, Deephaven

4 Beds 2 Baths 2,611 SqFt Residential MLS® # 7124720

Coldwell Banker RealtyRegional Multiple Listing Service of Minnesota Logo

New
20590 Linden Road, Deephaven

$3,400,000

20590 Linden Road, Deephaven

6 Beds 5 Baths 5,444 SqFt Residential MLS® # 7124247

RE/MAX ResultsRegional Multiple Listing Service of Minnesota Logo

New
3945 Hillcrest Way, Deephaven

$1,749,000

3945 Hillcrest Way, Deephaven

5 Beds 5 Baths 5,121 SqFt Residential MLS® # 7117987

Coldwell Banker RealtyRegional Multiple Listing Service of Minnesota Logo

New
3567 Leroy Street, Deephaven

$585,000

3567 Leroy Street, Deephaven

3 Beds 3 Baths 2,557 SqFt Residential MLS® # 7124221

RE/MAX Advantage PlusRegional Multiple Listing Service of Minnesota Logo

New
20575 Summerville Road, Deephaven

$2,795,000

20575 Summerville Road, Deephaven

6 Beds 5 Baths 5,028 SqFt Residential MLS® # 7124873

Coldwell Banker Realty - LakesRegional Multiple Listing Service of Minnesota Logo

Open House
18864 Heathcote Drive, Deephaven

$1,395,000

18864 Heathcote Drive, Deephaven

4 Beds 4 Baths 3,802 SqFt Residential
Sun, Aug 16th, 2026 @ 11am - 1pm
MLS® # 7110294

CompassRegional Multiple Listing Service of Minnesota Logo

3610 Northome Avenue, Deephaven

$2,395,000

3610 Northome Avenue, Deephaven

4 Beds 4 Baths 3,198 SqFt Residential MLS® # 7117512

Harker & WoodsRegional Multiple Listing Service of Minnesota Logo

19900 Cottagewood Road, Deephaven

$2,595,000

19900 Cottagewood Road, Deephaven

5 Beds 6 Baths 5,690 SqFt Residential MLS® # 7119728

Coldwell Banker Realty - LakesRegional Multiple Listing Service of Minnesota Logo

3845 Northome Road, Deephaven

$7,200,000

3845 Northome Road, Deephaven

4 Beds 5 Baths 4,380 SqFt Residential MLS® # 7110453

CompassRegional Multiple Listing Service of Minnesota Logo

3865 Hillcrest Road, Deephaven

$1,525,000

3865 Hillcrest Road, Deephaven

5 Beds 7 Baths 7,822 SqFt Residential MLS® # 7114651

Coldwell Banker RealtyRegional Multiple Listing Service of Minnesota Logo

3620 James Avenue, Deephaven

$1,199,999

↓ $49,001

3620 James Avenue, Deephaven

4 Beds 4 Baths 3,580 SqFt Residential MLS® # 7100712

Minnesota Premier Realty, Inc.Regional Multiple Listing Service of Minnesota Logo

Open House
20600 Carson Road, Deephaven

$1,195,000

20600 Carson Road, Deephaven

2 Beds 2 Baths 1,310 SqFt Residential
Sat, Aug 15th, 2026 @ 12pm - 2pm
MLS® # 7095380

CompassRegional Multiple Listing Service of Minnesota Logo

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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