Deephaven is a quiet, waterside community on Lake Minnetonka known for its relaxed pace of life, which has earned it the motto, “Two square miles of tranquility.” Homebuyers are drawn to its mix of charming cottages and custom homes, many set on tree-filled lots of a quarter-acre or more. The neighborhood offers easy access to beaches, parks and trails, and there are several popular restaurants in neighboring communities. Despite feeling tucked away, the city remains within commuting distance of downtown Minneapolis.
Deephaven's narrow, tree-covered streets give it a cozy, small-town feel.
Slip your boat at a public marina in Deephaven.
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What people often pay for ranch-style homes and custom estates
Deephaven has a mix of older ranch-style homes and cottages fitting of the lakeside setting, as well as newer custom estates. Many homes have lots of a quarter-acre or more. Houses up to 3,000 square feet can range from the mid-$300,000s to nearly $1.5 million. Larger mansions often run from the lower $800,000s to around $4.5 million. The Cottagewood part of town, surrounding Carson Bay, tends to be especially pricey. As a whole, Deephaven is usually more expensive than nearby areas like Minnetonka and Shorewood. The community is filled with evergreen trees as well as leafy trees that change color each fall. Area streets are often narrow and typically don't have sidewalks. Front yards are grassy and can feature bushes and small trees. “We're purposely quiet, so you have someplace to retreat after a crazy workday where you don't have noise or traffic or large groups of people,” says Dana Young, a former city administrator and a longtime resident.
Lakeside estates are a hallmark of Deephaven.
There are plenty of large estates in the area.
Ranch-style homes add a classic touch.
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You can visit lakeside beaches, play sports and hike a regional trail
Residents spend a lot of time on the shores and water of Lake Minnetonka, often relaxing at one of the city’s six public beaches. Deephaven Beach, the largest, borders the lake’s St. Louis Bay and provides a swimming dock, sports courts, boat racks, swings, picnic areas and a playground. The city has two public marinas open only to residents. It’s also the home of the Minnetonka Yacht Club, which was founded in 1882, making it one of the oldest clubs in the U.S. Away from the water, several neighborhood parks give residents space to relax. Thorpe Park is the community’s most popular green space and has tennis, basketball and horseshoe courts, baseball fields, walking paths, picnic areas and three playgrounds. Come winter, the park adds outdoor ice rinks and a sledding hill. The Lake Minnetonka Regional Trail also passes through the area. The nearly 16-mile trail connects cyclists and pedestrians to neighboring communities.
Spend the day kayaking around beautiful Lake Minnetonka.
Cyclists can enjoy the expansive Lake Minnetonka Regional Trail.
There are six public beaches in the area.
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Students are zoned for Minnetonka Public Schools
The neighborhood falls under Minnetonka Public Schools, which is highly rated. Deephaven Elementary School offers a Spanish language immersion program and has an outdoor classroom with a weather station and bird and butterfly sanctuaries for hands-on learning. Nearby private options include the highly rated St. John the Baptist Catholic Montessori School.
Minnetonka High School serves the community.
Deephaven Elementary School serves the city.
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Nearby communities come together for special events
Deephaven holds community events throughout the year, with additional gatherings in neighboring towns around Lake Minnetonka. Some of the most popular events include:
Deephaven Day, a celebration at Thorpe Park with live bands, a beer garden, food trucks and family-friendly activities
Concert in the Park, an evening of music and food trucks held each July in Shorewood’s Freeman Park
Excelsior Apple Days, a three-day waterfront festival built around apple pie contests — both baking and eating
The Lake Minnetonka Fourth of July Celebration, a day that begins with a firecracker run and ends with a large fireworks display
Try some apple pancakes or browse a longstanding general store
The community has a limited dining scene, but there are plenty of restaurants to try in nearby towns. You can grab a bite at:
Beanhaven Cafe, a casual coffee shop with light lunch options
Snuffy's Malt Shop, an old-school diner
Viet Hoa, a cozy Vietnamese and Chinese spot
The Original Pancake House, a longtime favorite with signature apple pancakes
Maynards, an elevated New American eatery with a waterfront deck
The area has a handful of local shops, with more retail options in nearby towns like Minnetonka and Excelsior. You can browse the shelves at:
Cottagewood General Store, a seasonal store that first opened in 1895
Excelsior Bay Books, a shop with a curated selection of new books for all ages
Minnesofa Furniture, an outlet that sells refurbished furniture and home goods
The Cottagewood General Store is a neighborhood landmark.
Snuffy's Malt Shop is an old-school restaurant.
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Country roads wind through Deephaven.
It's an easy drive to downtown Minneapolis
State Highway 7 runs along the southern border of Deephaven and can take drivers toward Minneapolis and Saint Paul. It also connects with Interstate 494. Downtown Minneapolis, where companies like Target and U.S. Bank are headquartered, is just over 15 miles away, a commute that can take 20-45 minutes depending on traffic.
Written By
Ryan Kohn
Photography Contributed By
Jeff Karels
Video By
Sara Warthen
Interested in learning more about homes in this area?
Reach out to
Monique Antony-Peterson,
an experienced agent in this area.
GreatSchools:
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