Gray’s Bay Lake Minnetonka homes for sale


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.

Sort by:

16451 Mcginty Road W Wayzata, MN 55391

4 Beds
3.5 Baths
6,186 SqFt
Status Active
MLS # 4888226
Property Type One Story
Rare opportunity to own a private 2 acre gated estate on the back waters of Grays Bay. Surrounded by acres of protected wetlands, lake views and within walking distance to DTW Wayzata, this is one of the best properties in the area. This 2012 built Ben Nelson designed home is breathtaking, featuring an open floor plan, dramatic 12ft ceilings and a main level master suite. Home is 10 mins from DTW Minneapolis and in Wayzata schools. Walk the home through the virtual tour links.

16103 Crosby Cove Road Minnetonka, MN 55391

5 Beds
4.5 Baths
6,948 SqFt
Status Active
MLS # 4820199
Property Type Two Stories
L. Cramer custom designed & built home in one of Wayzatas most prestigious neighborhoods, w/access to Grays Bay. Unsurpassed quality, detail, & architectural design throughout. Epicurean kitchen w/exotic granite. Unparalleled master suite w/spa-like bath, & sitting area. LL offers an exercise room, game room, & wet bar w/a walkout to the meticulously landscaped yard w/paver patios. Entertainers dream home, yet perfect for everyday luxurious living. Dock access on Lake MNTKA available.