Minnetonka, MN Multifamily Homes & Duplexes for Sale

Lake Minnetonka shapes daily life in Minnetonka with 125 miles of shoreline perfect for boating, fishing, and waterfront recreation. The city maintains 49 parks and 81 miles of trails, including the scenic Dakota Rail Regional Trail and Purgatory Park's expansive wetlands. Cultural attractions range from the Minnetonka Center for the Arts to unique destinations like Big Stone Mini Golf and Sculpture Garden. The dining scene features upscale options like BLVD Kitchen & Bar, known for signature flatbreads in an urban loft setting, and Bacio, a family-owned Italian restaurant with stone arches and local artwork.

The Minnetonka housing market includes properties ranging from $167,000 to $2.2 million, with a median sale price of $497,000. Single-family homes in prestigious Sherwood Forest command a median price of $808,000, while more moderate options exist in Glen Lake with a median price of $482,000. Townhomes throughout the city have a median price of $355,000.

Property taxes in Minnetonka reflect Hennepin County's 1.15% effective rate, matching neighboring communities like Eden Prairie and Plymouth. Minnesota's state income tax rate is 6.80% for a yearly salary of $45,533, with a combined sales tax rate of 8.12%.

The Minnetonka Public School District includes highly rated institutions like Minnetonka Senior High School, which received an A+ rating from Niche. Private education options include The International School of Minnesota, also rated A+, serving the Forest Hills and Glen Lake areas. The city connects to Minneapolis via I-394 and Highway 7, with Metro Transit providing bus service throughout. Residents experience four distinct seasons, with warm summers reaching the 80s°F and snowy winters accumulating 54 inches annually.