Gray’s Bay Lake Minnetonka homes for sale

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Grays Bay Lake Minnetonka is such a fabulous location for Wayzata and Minnetonka residents who live on the shores. It’s one of the easternmost parts of the Lake, and attracts a huge number of buyers when seller’s list their properties. The Grays Bay Marina is one of the busiest spots on the Lake, let alone the state when it comes time to launch your boat.

Gray’s Bay Lake Minnetonka Real Estate

You can spend a little or a lot to live on Gray’s Bay, sometimes a cool million will suffice, and sometimes much more. The backwaters and Bantas Point neighborhood on the north side near McGinty Road have homes that are under a million, with channel access to the main body of water. Locust Hills Wayzata is a premiere upscale development with  grand homes and covered boat slips on the north west corner of the Bay. Crosby Cove is another high end neighborhood with dock access for a number of homes in the area.

Important features on the body of water that make up Gray’s Bay include the Grays Bay Dam outlet which drains into Minnehaha Creek and eventually winds up in the Mississippi River. You can view the dam at the Gray’s Bay Dam Park located at 16631 Meadowbrook Lane. You can also reach Libb’s Lake via the channel that runs underneath Gray’s Bay Boulevard. View other bays on Lake Minnetonka with our Lake Minnetonka Bays guide.

Students who live in the area are serviced by Wayzata Public Schools and Minnetonka Public Schools.

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640 Locust Hills Drive Wayzata, MN 55391

$5,995,000
6 Beds
7 Baths
8,577 SqFt
Status Active
MLS # 5013358
Property Type Two Stories
Custom Built L. Cramer home located in the sought after Locust Hills neighborhood. Offering 178ft. of private direct lakeshore on Grays Bay, & 2 miles of private walking trails that are maintained year round. This home offers endless amenities, including a 6 car garage, main flr mstr bedroom, richly appointed rooms w/custom detail, & timeless design. Enjoy wonderful open entertaining & living spaces, & easily accessible level lakeshore. Walk to DT Wayzata! This is luxury Lake Minnetonka living!

16630 Meadowbrook Lane Minnetonka, MN 55391

$445,000
3 Beds
2.5 Baths
1,475 SqFt
Status Active
MLS # 4931199
Property Type Two Stories
Location, Location, Location...High demand Mtka neighborhood, Groveland/MME, just steps from Libbs Lake and Grays Bay. Great outdoor living space with lovely front porch and large maintenance-free back deck with walk out to large lot. Three bedrooms/two bathrooms up, formal dining, newer kitchen and office off the vaulted living room on main. Tons of light. Great expansion opportunity in unfinished full basement for immediate equity.