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Top Neighborhoods to Invest in Minnetonka, MN This Year

Discover the Best Areas for Real Estate Investment in Minnetonka
June 25, 2025

Minnetonka, located in the western suburbs of Minneapolis, MN, is a city that offers a blend of natural beauty, modern amenities, and a strong sense of community. With its picturesque landscapes, thriving local economy, and proximity to Minneapolis, Minnetonka has become an attractive destination for real estate investment. For those looking to invest in this vibrant city, understanding the unique characteristics of its neighborhoods can provide valuable insights into potential opportunities.

Glen Lake

Glen Lake is a neighborhood that combines the charm of suburban living with the convenience of urban amenities. Known for its scenic views and access to outdoor activities, Glen Lake offers a variety of housing options, from cozy single-family homes to modern townhouses. The area is popular among buyers who appreciate its tranquil environment and easy access to recreational facilities like the Glen Lake Golf and Practice Center. The neighborhood's proximity to major highways also ensures a quick commute to downtown Minneapolis, making it an appealing choice for professionals.

Sherwood Forest

Sherwood Forest is a neighborhood that appeals to those seeking a sense of privacy and seclusion. With its tree-lined streets and spacious properties, Sherwood Forest offers a serene setting that feels removed from the hustle and bustle of city life. The neighborhood is characterized by its large lots and custom-built homes, providing ample space for outdoor activities and gardening. This area is particularly attractive to buyers looking for a peaceful retreat while still being close to essential services and amenities.

Minnetonka Mills

Minnetonka Mills is a historic neighborhood that offers a unique blend of old-world charm and modern conveniences. The area is known for its well-preserved historic homes and buildings, which add character and a sense of history to the community. Minnetonka Mills is also home to several parks and trails, making it a great choice for those who enjoy outdoor activities. The neighborhood's central location provides easy access to shopping, dining, and entertainment options, making it a desirable destination for buyers who value both tradition and convenience.

Groveland

Groveland is a neighborhood that offers a mix of residential and commercial properties, providing a dynamic environment for investors. The area is known for its diverse housing options, ranging from affordable starter homes to luxurious estates. Groveland's strategic location near major shopping centers and business districts makes it an attractive choice for buyers looking to invest in a neighborhood with strong growth potential. The community's active neighborhood association also ensures that residents have a voice in local development and planning initiatives.

Deephaven

Deephaven is a prestigious neighborhood located along the shores of Lake Minnetonka. Known for its stunning waterfront properties and upscale homes, Deephaven is a sought-after destination for buyers seeking luxury and exclusivity. The neighborhood offers a variety of recreational opportunities, including boating, fishing, and swimming, thanks to its proximity to the lake. Deephaven's strong sense of community and excellent amenities make it an ideal choice for those looking to invest in a high-end neighborhood with a focus on quality of life.

Wayzata

Wayzata is a vibrant neighborhood that offers a perfect blend of small-town charm and urban sophistication. Located on the northeastern shore of Lake Minnetonka, Wayzata is known for its picturesque downtown area, which features a variety of shops, restaurants, and cultural attractions. The neighborhood's strong real estate market and diverse housing options make it an attractive choice for investors seeking a community with a rich history and a bright future. Wayzata's excellent schools and community events also contribute to its appeal as a family-friendly destination.

Excelsior

Excelsior is a lively neighborhood that offers a unique blend of historic charm and modern amenities. Located on the southern shore of Lake Minnetonka, Excelsior is known for its vibrant downtown area, which features a variety of shops, restaurants, and entertainment options. The neighborhood's strong sense of community and active local events make it an attractive destination for buyers looking for a lively and engaging environment. Excelsior's diverse housing options and proximity to the lake also make it a desirable choice for those seeking a waterfront lifestyle.

Shady Oak

Shady Oak is a neighborhood that offers a mix of residential and commercial properties, providing a dynamic environment for investors. The area is known for its diverse housing options, ranging from affordable starter homes to luxurious estates. Shady Oak's strategic location near major shopping centers and business districts makes it an attractive choice for buyers looking to invest in a neighborhood with strong growth potential. The community's active neighborhood association also ensures that residents have a voice in local development and planning initiatives.

Purgatory Park

Purgatory Park is a neighborhood that offers a unique blend of natural beauty and modern conveniences. The area is known for its scenic views and access to outdoor activities, thanks to its proximity to Purgatory Park, a popular destination for hiking, biking, and picnicking. The neighborhood offers a variety of housing options, from cozy single-family homes to modern townhouses, making it an attractive choice for buyers seeking a balance between nature and urban living. Purgatory Park's strong sense of community and excellent amenities make it an ideal choice for those looking to invest in a neighborhood with a focus on quality of life.

Lone Lake

Lone Lake is a neighborhood that offers a peaceful and serene setting, making it an attractive destination for buyers seeking a retreat from the hustle and bustle of city life. The area is known for its large lots and custom-built homes, providing ample space for outdoor activities and gardening. Lone Lake's proximity to Lone Lake Park, a popular destination for hiking, biking, and fishing, adds to its appeal as a nature lover's paradise. The neighborhood's strong sense of community and excellent amenities make it an ideal choice for those looking to invest in a tranquil and picturesque setting.

Discover Your Investment Opportunities

Minnetonka, MN, offers a variety of promising neighborhoods for real estate investment this year. Whether you're looking for a family-friendly community or a bustling area with growth potential, there's something for every investor. By exploring these top neighborhoods, you can make informed decisions that align with your financial goals. For personalized guidance and expert advice, reach out to Tara Renstrom to help you find the perfect investment opportunity in Minnetonka.

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