How many homes are currently listed for sale on Lake Minnetonka?

Lake Minnetonka typically has between 70 and 220-plus active listings at any given time, depending on the season. Inventory peaks in spring and early summer as sellers list to capture buyers wanting to enjoy the lake that season. As of mid-2026, there were approximately 221 active waterfront listings with an average asking price exceeding $2.8 million. New listings in the Lake Minnetonka area rose approximately 6 to 10 percent year-over-year in 2025 and 2026, giving buyers more options than in previous years while the market remained competitive for well-priced properties.

What is the average price of a Lake Minnetonka home for sale?

Lake Minnetonka home prices vary significantly by property type and lake access. For the broader Lake Minnetonka area, the average sales price in 2025 was approximately $1,079,770, up nearly 4% year-over-year. Direct lakeshore listings average approximately $558 per square foot, based on homes averaging 3.8 bedrooms, 4 bathrooms, and 4,532 square feet. The median sales price for the lake area was approximately $835,000 in late 2025, up 5.6% year-over-year. Prices range from the low $300,000s for lake view or deeded access homes to $20 million-plus for legacy lakeshore estates.

How long do homes stay on the market on Lake Minnetonka?

Days on market on Lake Minnetonka have been increasing as the market shifts toward greater balance. In 2025, the average days on market was approximately 66 days, up nearly 14% from the prior year. By late 2025, that figure had climbed to approximately 75 days as buyers became more selective. Well-priced, move-in-ready homes in desirable locations still move faster than average, while overpriced or properties needing updates tend to sit longer. Homes on Lake Minnetonka in 2025 sold for approximately 94% of list price on average, compared to 98% in the prior year — indicating growing negotiating room for buyers.

What types of Lake Minnetonka listings are available?

Lake Minnetonka listings span a wide range of property types. Direct lakeshore single-family homes are the most sought-after, ranging from renovated mid-century cottages to multi-million dollar custom estates. Deeded and association access homes offer lake lifestyle at more attainable price points. Lake view homes provide scenic views without direct water access. Condos and townhomes — concentrated in Wayzata, Excelsior, Spring Park, and Mound — offer low-maintenance lakeside living. Lakeshore lots and acreage parcels are also periodically available for custom home builders. New construction listings, while limited on the lake, do appear across several communities.

When is the best time to find Lake Minnetonka listings?

The majority of Lake Minnetonka listings hit the market in late March through May, as sellers aim to attract buyers who want to enjoy the lake that summer. This is the highest-inventory and most competitive period — expect more choices but also more competition and multiple-offer situations on desirable homes. June through August brings high lifestyle demand but tighter inventory, as some owners delay listing until after their summer on the water. Fall and winter offer the least competition, more negotiating leverage, and motivated sellers — though inventory is thinner. New listings are tracked daily through MLS and can be filtered by bay, neighborhood, access type, school district, and price.

How do I search Lake Minnetonka listings by bay or neighborhood?

Lake Minnetonka listings can be searched by specific bay, neighborhood, city, school district, lake access type, water quality rating, and price range. The lake's 42 bays and 14 communities each have distinct inventory, price points, and lifestyle characteristics. Buyers can filter by direct lakeshore, deeded access, or association access listings, and narrow further by school district — Minnetonka (#276), Wayzata (#284), Orono (#278), Mound Westonka (#277), or Eastern Carver County (#112). Working with a Lake Minnetonka specialist ensures access to both active MLS listings and off-market or pre-MLS opportunities that never appear in public search.

Are there off-market or pre-MLS listings on Lake Minnetonka?

Yes. A meaningful portion of Lake Minnetonka transactions — particularly in the luxury and lakeshore segments — occur off-market or before a property is publicly listed on the MLS. Sellers in the lake's most exclusive neighborhoods often prefer privacy, and longtime lakeshore owners may sell directly to known buyers without ever listing publicly. Access to these opportunities typically requires working with a specialist who has deep relationships throughout the 14 lakeshore communities. New listings on Lake Minnetonka can also move very quickly, so buyers who set up real-time alerts and work with an agent with local connections are best positioned to act when the right property becomes available.

What should I know before making an offer on a Lake Minnetonka listing?

Before making an offer on a Lake Minnetonka listing, buyers should verify the type and quality of lake access included, confirm dock and boathouse permit status and transferability with the LMCD, review riparian rights and any recorded easements, check water depth at the dock site, understand bay-specific boating rules and water quality ratings, confirm school district assignment for the specific address, and review HOA documents and any pending assessments if the property has association access. A specialized lake home inspection — covering shoreline stabilization, foundation, drainage, and dock systems — is also strongly recommended beyond a standard home inspection.

Lake Minnetonka Listings

New Open House

$2,849,000

3698 Woodland Cove Parkway, Minnetrista

4 Beds 4 Baths 5,741 SqFt Residential

Open House

Sat, Jul 11th, 2026 @ 1pm - 3pm

MLS® # 7107607

Coldwell Banker Realty

New

$2,300,000

34xx Warner Lane, Mound

5 Beds 4 Baths 3,700 SqFt Residential MLS® # 7104618

Coldwell Banker Realty - Southwest Regional

New Open House

$848,000

3270 Williams Lane, Minnetrista

3 Beds 2 Baths 2,165 SqFt Residential

Open House

Sat, Jul 11th, 2026 @ 12pm - 2pm

MLS® # 7105121

Keller Williams Premier Realty Lake Minnetonka

New

$1,850,000

1772 Lafayette Lane, Mound

5 Beds 4 Baths 4,066 SqFt Residential MLS® # 7106871

Above and Beyond Real Estate

New Open House

$199,000

5410 Three Points Boulevard 436, Mound

2 Beds 1 Bath 978 SqFt Residential

Open House

Sun, Jul 12th, 2026 @ 2pm - 3:30pm

MLS® # 7107173

Keller Williams Classic Rlty NW

New

$739,000

4201 Sunset Drive N505, Spring Park

2 Beds 2 Baths 1,576 SqFt Residential MLS® # 7015717

Keller Williams Realty Integrity Lakes

New

$2,250,000

New Open House

$2,595,000

3396 Kings Point Road, Excelsior

4 Beds 4 Baths 4,413 SqFt Residential

Open House

Sun, Jul 12th, 2026 @ 10am - 12pm

MLS® # 7104192

Compass

New Open House

$3,998,000

28235 Boulder Circle, Excelsior

4 Beds 5 Baths 6,074 SqFt Residential

Open House

Sat, Jul 11th, 2026 @ 11am - 1pm

MLS® # 7104458

Coldwell Banker Realty

New

$2,399,000

4531 Island View Drive, Mound

5 Beds 5 Baths 4,354 SqFt Residential MLS® # 7102679

Douglas Miller

New

$2,695,000

3800 Enchanted Lane, Minnetrista

4 Beds 4 Baths 2,875 SqFt Residential MLS® # 7103593

RE/MAX HomeMasters

$1,099,900

4909 Three Points Boulevard, Mound

2 Beds 2 Baths 1,756 SqFt Residential MLS® # 7102974

RE/MAX Advantage Plus

$1,900,000

2408 Commerce Boulevard 101, Mound

2 Beds 3 Baths 2,200 SqFt Residential MLS® # 7102689

Prudden & Company

$1,800,000

2408 Commerce Boulevard 202, Mound

2 Beds 3 Baths 1,890 SqFt Residential MLS® # 7102698

Prudden & Company

$2,050,000

2400 Commerce Boulevard 201, Mound

2 Beds 3 Baths 2,225 SqFt Residential MLS® # 7102701

Prudden & Company

$1,585,000

2416 Commerce Boulevard 102, Mound

2 Beds 3 Baths 1,842 SqFt Residential MLS® # 7102703

Prudden & Company

$10,000,000

2845 Little Orchard Way, Orono

5 Beds 8 Baths 11,529 SqFt Residential MLS® # 7097777

Engel & Volkers Lake Minnetonka

$1,150,000

4569 Shoreline Drive, Spring Park

4 Beds 3 Baths 3,133 SqFt Residential MLS® # 7051302

Coldwell Banker Realty

$16,595,000

1480 Bracketts Point Road, Wayzata

7 Beds 7 Baths 8,636 SqFt Residential MLS® # 7084858

Coldwell Banker Realty

$150,000

4387 Wilshire Boulevard 106, Mound

2 Beds 1 Bath 945 SqFt Residential MLS® # 7099109

Affordable Hom Realty

$675,000

17515 Bay Lane, Wayzata

4 Beds 4 Baths 3,347 SqFt Residential MLS® # 7100069

RE/MAX Results

Open House

$4,450,000

4145 Trillium Lane E, Mound

5 Beds 7 Baths 8,675 SqFt Residential

Open House

Sat, Jul 11th, 2026 @ 11am - 2pm

MLS® # 7073912

eXp Realty

Open House

$3,500,000

17310 County Road 101 W, Minnetonka

4 Beds 5 Baths 3,888 SqFt Residential

Open House

Sat, Jul 11th, 2026 @ 12pm - 2pm

MLS® # 7097192

RE/MAX Results

$3,195,000

3061 Lake Shore Boulevard, Minnetonka

6 Beds 5 Baths 5,999 SqFt Residential MLS® # 7097286

Keller Williams Premier Realty Lake Minnetonka

$3,995,000

3685 N Shore Drive, Wayzata

4 Beds 4 Baths 4,308 SqFt Residential MLS® # 7085323

Coldwell Banker Realty

$13,900,000

475 Oxford Road, Orono

8 Beds 11 Baths 14,716 SqFt Residential MLS® # 7095905

On Point Realty, Inc.

$3,100,000

28160 Boulder Bridge Drive, Shorewood

5 Beds 5 Baths 6,432 SqFt Residential MLS® # 7096028

Coldwell Banker Realty

$428,000

↓ $21,000

2930 Bay Street, Minnetonka

3 Beds 2 Baths 1,588 SqFt Residential MLS® # 7095350

RE/MAX Advantage Plus

$7,495,000

2657 Woodbridge Road, Minnetonka Beach

5 Beds 8 Baths 9,114 SqFt Residential MLS® # 6805814

Coldwell Banker Realty

$6,449,000

5155 Weeks Road, Greenwood

6 Beds 7 Baths 8,416 SqFt Residential MLS® # 7094517

Summit Realty LLC

$800,000

↓ $7,200,000

3290 Williams Lane, Minnetrista

3 Beds 3 Baths 2,264 SqFt Residential MLS® # 7093959

Keller Williams Realty Integrity

$6,995,000

4100 Enchanted Lane, Mound

7 Beds 6 Baths 9,096 SqFt Residential MLS® # 7086487

Edina Realty, Inc.

$149,900

↓ $5,000

4407 Wilshire Boulevard 305, Mound

2 Beds 1 Bath 935 SqFt Residential MLS® # 7087527

Compass

$749,900

2830 Center Road, Wayzata

3 Beds 2 Baths 1,112 SqFt Residential MLS® # 7089168

Lakes Area Realty G.V.

$4,895,000

1910 Shoreline Drive, Wayzata

7 Beds 6 Baths 10,032 SqFt Residential MLS® # 7090325

Counselor Realty, Inc

$1,899,000

4005 County Road 44, Mound

4 Beds 4 Baths 3,154 SqFt Residential MLS® # 7086678

eXp Realty

Open House

$3,395,000

↓ $300,000

6306 Maple Ridge, Excelsior

5 Beds 5 Baths 5,625 SqFt Residential

Open House

Sat, Jul 11th, 2026 @ 11am - 2pm

MLS® # 7087528

Compass

$215,000

5440 Three Points Boulevard 523, Mound

2 Beds 1 Bath 978 SqFt Residential MLS® # 7087932

Pemberton RE

$3,999,000

1065 Bayside Lane, Minnetrista

4 Beds 6 Baths 5,987 SqFt Residential MLS® # 7087353

Edina Realty, Inc.

$5,500,000

546 Harrington Road, Wayzata

5 Beds 7 Baths 10,130 SqFt Residential MLS® # 7052612

Coldwell Banker Realty

Open House

$1,849,000

5573 Bartlett Boulevard, Mound

3 Beds 2 Baths 2,527 SqFt Residential

Open House

Sun, Jul 12th, 2026 @ 11:30am - 1:30pm

MLS® # 7074925

Coldwell Banker Realty

Open House

$1,879,000

3590 Tuxedo Road, Minnetrista

3 Beds 2 Baths 2,212 SqFt Residential

Open House

Sun, Jul 12th, 2026 @ 11am - 1:30pm

MLS® # 7085912

Coldwell Banker Realty

$219,900

4397 Wilshire Boulevard E305, Mound

2 Beds 1 Bath 892 SqFt Residential MLS® # 7084312

Re/Max Advantage Plus

Lake Minnetonka Homes For Sale

$2,849,000

3698 Woodland Cove Parkway, Minnetrista

$2,300,000

34xx Warner Lane, Mound

$848,000

3270 Williams Lane, Minnetrista

$1,850,000

1772 Lafayette Lane, Mound

$199,000

5410 Three Points Boulevard 436, Mound

$739,000

4201 Sunset Drive N505, Spring Park

$2,250,000

28010 Boulder Bridge Drive, Excelsior

$2,050,000

5955 Maple Forest, Minnetrista

$724,900

2406 Black Lake Road, Spring Park

$850,000

27665 Island View Road, Excelsior

$2,950,000

415 Carpenters Pt, Wayzata

$5,250,000

940 N Arm Drive, Orono

$2,595,000

3396 Kings Point Road, Excelsior

$3,998,000

28235 Boulder Circle, Excelsior

$2,399,000

4531 Island View Drive, Mound

$2,695,000

3800 Enchanted Lane, Minnetrista

$1,099,900

4909 Three Points Boulevard, Mound

$1,900,000

2408 Commerce Boulevard 101, Mound

$1,800,000

2408 Commerce Boulevard 202, Mound

$2,050,000

2400 Commerce Boulevard 201, Mound

$1,585,000

2416 Commerce Boulevard 102, Mound

$10,000,000

2845 Little Orchard Way, Orono

$1,150,000

4569 Shoreline Drive, Spring Park

$16,595,000

1480 Bracketts Point Road, Wayzata

$150,000

4387 Wilshire Boulevard 106, Mound

$675,000

17515 Bay Lane, Wayzata

$4,450,000

4145 Trillium Lane E, Mound

$3,500,000

17310 County Road 101 W, Minnetonka

$3,195,000

3061 Lake Shore Boulevard, Minnetonka

$3,995,000

3685 N Shore Drive, Wayzata

$13,900,000

475 Oxford Road, Orono

$3,100,000

28160 Boulder Bridge Drive, Shorewood

$428,000

2930 Bay Street, Minnetonka

$7,495,000

2657 Woodbridge Road, Minnetonka Beach

$6,449,000

5155 Weeks Road, Greenwood

$800,000

3290 Williams Lane, Minnetrista

$6,995,000

4100 Enchanted Lane, Mound

$149,900

4407 Wilshire Boulevard 305, Mound

$749,900

2830 Center Road, Wayzata

$4,895,000