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Minnetonka

Minnetonka

$627,861 Average Value
$250 Average Price per Sq Ft
43 Homes For Sale

Minnetonka is a lakefront oasis near the Twin Cities

Minnetonka translates to “big water” in the Dakota language, a perfect fit for this lakeside suburb near the Twin Cities. It shares the name with the sprawling Lake Minnetonka, which helped shape every part of the city, from the waterfront housing to supper cruises and outdoor recreation. There are also over 100 miles of trails, leading to parks, preserves and sandy beaches. Highly rated schools and a full calendar of events only add to Minnetonka’s charming atmosphere.

A western suburb of the Twin Cities, Minnetonka is located about 10 miles west of Minneapolis.
A western suburb of the Twin Cities, Minnetonka is located about 10 miles west of Minneapolis.
Minnetonka has various housing styles for people to choose from.
Minnetonka has various housing styles for people to choose from.
Nature lovers spend a summer's day on Lake Minnetonka.
Nature lovers spend a summer's day on Lake Minnetonka.
People enjoy ice skating on Lake Minnetonka.
People enjoy ice skating on Lake Minnetonka.
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Wide price range with more expensive waterfront homes

Minnetonka’s housing market largely consists of single-family homes. These range from older properties like early-1900s farmhouses and mid-20th-century ranch-style homes to newer construction like modern Craftsman styles and contemporary builds. As you move closer to the water, you’ll notice the lots becoming larger and the houses featuring more windows and landscaped backyards. Some even have private docks. Townhouses, condos and apartments are also available, but they are less common.

The median price for townhouses and single-family homes is in the mid-$500,000s, but you can find something at every price point. Smaller, older homes farther inland can cost in the mid-$200,000s, while larger lakefront properties can cost as much as $3 million. “Homebuyers with deep pockets are looking here because pricing is so far above the city average,” says Realtor Joshua Ives with Edina Realty. “Just remember, the closer you are to the lake, the more expensive it’s going to be.”

New Traditional homes can be found in the area.
New Traditional homes can be found in the area.
Townhouses make up a small part of the housing market.
Townhouses make up a small part of the housing market.
Some homes are on spacious lots.
Some homes are on spacious lots.
Waterfront homes often come with private docks.
Waterfront homes often come with private docks.
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Trails, beaches and parks along Minnetonka's creek corridors

The heart of the city’s recreation is Lake Minnetonka, a summer destination for locals and tourists alike. Public ramps let you launch your boat onto the water, while sandy shores like Shady Oak Beach offer plenty of space to lie out in the sun or swim and high dive. Winding trails go past the lake and through the city, including the multiuse Minnesota River Bluffs and Lake Minnetonka LRT regional trails. Purgatory Park is a nature preserve with even more trails, which you can take to explore acres of prairies, wetlands and woodlands. “There’s a lot of nature here,” says city councilmember and longtime resident Deb Calvert. “We have some of the most significant tree canopies of any suburb in the metro area. We work very hard to preserve the natural beauty of the city.” More traditional amenities can be found at Civic Center Park, which has a playground, athletic fields and an indoor ice rink and hosts many of the city’s events.

Purgatory Park invites you to connect with nature's peacefulness.
Purgatory Park invites you to connect with nature's peacefulness.
Lake Minnetonka is a popular spot for ice fishing.
Lake Minnetonka is a popular spot for ice fishing.
Minnetonka Ice Arena hosts high school games and open skating.
Minnetonka Ice Arena hosts high school games and open skating.
The Williston Center has several sports facilities.
The Williston Center has several sports facilities.
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Restaurants range from supper cruises to dog-friendly spots

After a day on the lake, you can have dinner at one of the many restaurants in Minnetonka. Options range from upscale meals on the water to cozy tapas places, including:

  • Al & Alma’s, which is known for their dinner cruises on Lake Minnetonka
  • Bacio, a family-owned Italian restaurant
  • Duke’s on 7, a casual restaurant with a dog-friendly patio
  • Blvd Kitchen & Bar, which serves upscale twists on bar and tavern food
  • Yum, a cafe and bakery that offers dine-in and catered meals and desserts
There’s also plenty of shopping in the city, with local stores like Tonkadale Greenhouse and major retailers at Ridgedale Center. Grocery options include Trader Joe’s and Whole Foods.

Ridgedale Center features a Nordstrom and an Apple Store.
Ridgedale Center features a Nordstrom and an Apple Store.
Minnetonka residents can shop, dine and relax at Ridgedale Center.
Minnetonka residents can shop, dine and relax at Ridgedale Center.
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Highway and transit access make it easy to commute to the Twin Cities

Residents have direct access to Highway 7 and interstates 394 and 494. During rush hour, the 15-mile commute to downtown Minneapolis takes about 30 minutes, while the 25-mile drive to downtown Saint Paul takes just under an hour. Public transportation is also an option, with Metro Transit buses already running in Minnetonka and an upcoming extension to the Metro Green Line light rail.

Community events include summer concerts and a Halloween bash

Minnetonka locals stay busy, thanks to a full calendar of events. Some of the businesses include:

  • Summer Fest, a free event every June with live music, vendors and fireworks
  • Entertainment in the Park, a series of concerts and movie nights every week from June through September
  • Tour de Tonka, an annual bike ride with routes that range from 16 to 58 miles long
  • Light up the Commons, a winter celebration with hot cocoa and crafts
  • Burwell Spooktakular, a Halloween festival at the historic Charles H. Burwell House
Calvert says that the Spooktacular always draws a crowd. “It’s really just incredible,” she says. “Kids and pets wear their costumes, and there are millions of activities.”

Three highly rated districts serve the area

Depending on where you live, you can be zoned for one of three highly rated districts. Options include:

  • Minnetonka Public School District, which earns an A-plus from Niche
  • Wayzata Public School District, which also receives an A-plus
  • Hopkins Public School District, which has an A-minus rating
While most families stay with their assigned district, open enrollment offers some flexibility. Private education is also available, with Minnetonka Christian Academy offering prekindergarten through 12th grade.

Minnetonka Senior High School is highly rated.
Minnetonka Senior High School is highly rated.
Minnetonka East Middle School is a hub nurturing young minds in a vibrant community.
Minnetonka East Middle School is a hub nurturing young minds in a vibrant community.
Minnetonka Christian Academy is a Seventh-Day Adventist school in Minnetonka.
Minnetonka Christian Academy is a Seventh-Day Adventist school in Minnetonka.
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Zia Sampson
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Zia Sampson
Derek Fowler
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Derek Fowler

Interested in learning more about homes in this area? Reach out to Monique Antony-Peterson, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Area Facts

Number of Homes
5,239
Number of Homes for Sale
43
Median Year Built
1964
Months of Supply
2.50
Average Single Family Home Size Sq Ft
2,051
Above the national average
1,933
Average Townhouse Size Sq Ft
1,800
Average 2 Bedroom Size Sq Ft
1,649
Average 1 Bedroom Size Sq Ft
930
Median Lot Size Sq Ft
22,215

Open Houses

Homes for Sale

Homes for Rent

Condo Buildings

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Neighborhoods in Minnetonka

Property Mix - Square Feet

Rental Home Trends

Number of Homes for Rent
7
Median Rent
$3,000
Median Single Family Home Rent
$3,000
Median 4 Bedroom Single Family Home Rent
$3,000
Median Townhouse Rent
$2,900
Median 3 Bedroom Townhouse Rent
$2,900

Weather

Annual Precipitation
33''
Average Winter Low Temperature
6°F
Average Summer High Temperature
81°F
Annual Snowfall
80''

Area Factors

Fairly bikeable

Bikeability®

40 / 100

Somewhat walkable

Walkability®

30 / 100
Source: Local Logic
Sources: Local Logic

Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Minnetonka