Minnetonka

Minnetonka’s story began in the mid-1800s when settlers were drawn to its beautiful setting along Minnehaha Creek. Many of the early residents came from New England and the East Coast, bringing with them farming knowledge, especially raspberry cultivation, that helped shape the area's agricultural success and even influenced nearby Hopkins. Today, Minnetonka blends this rich heritage with vibrant neighborhoods, natural beauty, and a strong sense of community, making it a welcoming place to call home.

Real Estate Statistics

Average Price $1.9M
Lowest Price $300K
Highest Price $5.4M
Total Listings 12
Avg. Days On Market 151
Avg. Price/SQFT $455

Property Types (active listings)

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Minnetonka Highlights:

With a population of around 50,000, Minnetonka is one of the largest and most dynamic communities surrounding Lake Minnetonka. Spanning 28 square miles, including over 1.29 square miles of water, this city offers both natural beauty and suburban convenience. Just 8 miles from downtown Minneapolis, Minnetonka is ideal for commuters who want quick city access. It’s also a hub for commerce, home to major corporations like Cargill, UnitedHealth Group, and Carlson Companies, and features Ridgedale, the only mall in the Lake Minnetonka area. Recognized nationally, Minnetonka was named one of Money Magazine’s “100 Best Places to Live in America” thanks to its strong economy, excellent schools, diverse housing, and abundant parks and trails. With its own police and fire departments, the city is exceptionally safe; violent crime rates are lower than 86% of cities nationwide. Whether you’re looking for career opportunities, top-tier amenities, or a welcoming community to call home, Minnetonka offers it all.

INSIDER TIPS

SCHOOLS IN THE DISTRICT 

Minnetonka is served by three school districts: Hopkins, Minnetonka, and Wayzata.  

UTILITIES 

Utility Information

MUNICIPAL BOAT SLIPS

The City of Minnetonka offers municipal boat slips exclusively to residents, including those living in rental properties. Slips are located at Grays Bay Marina and are available on a lease basis, with one application permitted per household. Applicants must list their primary residence on the application, and that residence must be located within the City of Minnetonka.

Residents may join the waitlist at any time throughout the year to be considered for future slip vacancies. The waitlist operates on a first-come, first-served basis, with new applicants added as they are received. When a slip becomes available, the City contacts the next eligible person on the list.

For full details on eligibility, leasing terms, and fees, please visit the City of Minnetonka’s official website.

PARKS AND NATURE

There are over 50 parks and nature trails in Minnetonka. You can check out the list here Minnetonka Parks and Trials.

BEACHES

Shady Oak Beach and Libbs Lake Beach

RESTAURANTS

Minnetonka has a nearly endless supply of restaurants and retail options.

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