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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16143 Crosby Cove Road Minnetonka, MN 55391

$2,662,000
5 Beds
4.5 Baths
7,428 SqFt
Status Active
MLS # 4906497
Property Type Two Stories
Beautifully designed by Sharratt, this L. Cramer built home overlooks the serene channel with access to Lake Minnetonka. Luxurious finishes, light-filled rooms, Chef's kitchen with Wolf, Sub-Zero and Miele appliances and expansive nature and water views. Gorgeous landscaping with stone steps down to the permanent private dock. Association outlot that is great for additional recreational space. Meticulously maintained home that shows like new! Less than 5 minutes to all that Wayzata offers.

16700 Grays Bay Boulevard Minnetonka, MN 55391

$3,380,000
4 Beds
4.5 Baths
6,101 SqFt
Status Active
MLS # 4906640
Property Type One Story
Sunsets and sandy beach. Inspired by the English countryside, with lakeside pool overlooking serene Gray's Bay of Lake Minnetonka, adjacent to Wayzata.

16451 Mcginty Road W Minnetonka, MN 55391

$2,350,000
5 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 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 main level master suite. Home is 10 mins from DTW Minneapolis and in Wayzata schools. Walk the home through the virtual tour links.