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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1590 Locust Hills Circle Wayzata, MN 55391

$2,749,000
4 Beds
5.5 Baths
5,044 SqFt
Status Active
MLS # 4963343
Property Type One Story
Exclusive Locust Hills Neighborhood on Lake Minnetonka. Stunning Aspen inspired home built by Jyland w/incredible detailing, handcrafted white oak floors & reclaimed lumber. Main level master suite, upper BR/private studio suite w/a kitchenette & two BR suites in the lower level. Highlights include an open floor plan, soaring ceilings, walls of glass, Chicago brick driveway, incredible lower level amusement area, Assoc pool, W/trails and clubhouse. Extra-large 40'boat slip on Lake Minnetonka.

16451 Mcginty Road W Minnetonka, MN 55391

$2,095,000
5 Beds
3.5 Baths
6,186 SqFt
Status Active
MLS # 4959977
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 trails all within walking distance to DTW Wayzata, this is one of the best properties in the area. This 2012 built former parade home is breathtaking, featuring an open floor plan, dramatic 12ft ceilings and a mail level master suite. Home is 10 mins from DTW Minneapolis. Lease a boat slip from one of the local marinas and live the lake lifestyle!

16630 Meadowbrook Lane Minnetonka, MN 55391

$475,000
3 Beds
2.5 Baths
1,475 SqFt
Status Active
MLS # 4931199
Property Type Two Stories
High demand location, just steps from Libbs Lake and Grays Bay. Mtka schools - Groveland Elementary and MME. Great outdoor living space with lovely front porch and large maintenance-free back deck with walk out to large lot. Three bedrooms / 2 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. Updated windows, trim and siding.

640 Locust Hills Drive Wayzata, MN 55391

$6,500,000
6 Beds
7 Baths
8,577 SqFt
Status Active
MLS # 4910034
Property Type Two Stories
Crown jewel of Locust Hills with 178 feet of private direct lakeshore on Grays Bay. Walk to downtown Wayzata! Designed by Peter Eskuche & recently built by L. Cramer. This home offers endless amenities, timeless elegance, & richly appointed rooms with custom detail throughout. Enjoy wonderful open entertaining spaces and easily accessible level lakeshore. This is luxury Lake Minnetonka living at its finest!