Deephaven is a city in Hennepin County on the shore of Lake Minnetonka.  Deephaven is approximately 2.4 square miles and was incorporated in 1900 and there were only 230 residents.  Now, about 3900 people call Deephaven home.

Real Estate Statistics

Average Price $2.5M
Lowest Price $565K
Highest Price $8.5M
Total Listings 12
Avg. Days On Market 86
Avg. Price/SQFT $471

Property Types (active listings)

Deephaven Highlights:

  • One of the earliest hotels in the area was built in Deephaven at the Walden Site in Deephaven Park. The Hotel St Louis could house 400 guests and vacationers from all over the country who came to spend their summers at this luxury hotel. 

  • Another hotel, located in the current Cottagewood part of Deephaven, called the Keewaydin Hotel, also helped accommodate the growing amount of tourists to the area.

  • Unfortunately, at the turn of the century, both of Deephaven's luxury hotels were destroyed by fire.

  • Deephaven is also home to the Minnetonka Yacht Club. MYC was founded in 1882 and is one of the oldest yacht clubs in the country. MYC has two facilities- one on Lighthouse Island and the Carson's Bay facility. 

  • The Cottagewood General Store in Deephaven is pure Americana. Since 1895, the Cottagewood General Store has been serving a healthy dose of Norman Rockwell-esque perfection. The General Store still sells penny candy, hosts backyard barbecues, and neighbors come together at this central neighborhood location. The store sits adjacent to the Cottagewood Children's Park and has Friday evening Grill Nights, a family Fourth of July celebration, breakfast with Santa, and many more community events. The non-profit Cottagewood Community Foundation runs the store, and people can buy in and help support this darling piece of history.

  • Cottagewood is a sub-neighborhood of Deephaven and is one of the highest-demand neighborhoods on Lake Minnetonka.

  • Community docks are available for the residents of Deephaven throughout the city.

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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.  


Utility Information


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.


lake minnetonka aerial view

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