Grays Bay: Lake Minnetonka Real Estate™

Grays Bay in Minnetonka, Minnesota, is a hidden gem on Lake Minnetonka. As the lake's easternmost bay, it serves as the headwaters of Minnehaha Creek, offering residents and visitors a unique blend of natural beauty and recreational opportunities.

Why Choose Grays Bay?

Scenic Beauty and Lifestyle: Grays Bay is known for its tranquil waters, especially during weekends when a no-wake regulation is enforced from 4 p.m. on Fridays until 12:01 a.m. on Mondays. This ensures calm conditions that are ideal for fishing, kayaking, and paddleboarding.
Prime Location and Accessibility: Situated just minutes from Downtown Wayzata and approximately 20 minutes from Minneapolis, Grays Bay offers both seclusion and convenience. Major roadways provide easy access to nearby amenities, making it a coveted location for those seeking a balance between lakefront serenity and urban accessibility.
Notable Nearby Bays and Points: Adjacent to Grays Bay are Wayzata Bay and Libbs Lake, each offering distinct landscapes and recreational possibilities, further enhancing the appeal of the area.

Water Quality and Clarity

Grays Bay boasts impressive water quality, with depths ranging from 5 to 30 feet and an 'A' rating from the Minnehaha Creek Watershed District. This high standard ensures clear waters, contributing to the bay's desirability among homeowners and recreational enthusiasts alike.

Real Estate on Grays Bay – What to Expect

The real estate landscape around Grays Bay is diverse and upscale. Prospective homeowners can find luxury estates, modern lakefront homes, and historic cabins. Desirable property features often include private docks, expansive lakefront patios, and wooded lots that offer both privacy and picturesque views. Notable developments such as Locust Hills on the northwest shore, Bantas Point Road, Crosby Cove, and Grays Bay Boulevard are among the sought-after addresses.

Schools and School District

Families residing in the Grays Bay area are served by both the Wayzata School District and the Minnetonka School District, depending on their exact location. Both districts are known for their commitment to academic excellence, highly rated schools, and strong extracurricular programs, making this area a top choice for families seeking quality education alongside luxury lakefront living.

Buying or Selling on Grays Bay

If you're considering buying or selling property on Grays Bay, partnering with a local expert can make all the difference. With in-depth knowledge of the area's real estate trends, water quality insights, and community nuances, I am here to guide you through every step of the process. Contact me today to explore available listings or to discuss how to maximize your property's value in this coveted Lake Minnetonka enclave.

Explore more about nearby bays and points of interest:

Wayzata Bay: Discover the vibrant community and recreational opportunities.
Libbs Lake: Learn about this secluded spot connected to Grays Bay.

Each of these areas offers its own unique charm and amenities, further enriching the Lake Minnetonka living experience.

The Latest Listings on Grays Bay:

$5,495,500

ACTIVE Status ⋅ 3 Beds ⋅ 4 Baths ⋅ 7114870 MLS ⋅ 4,023 SqFt.

2492 Bantas Point Road, Wayzata

Listing courtesy of Compass.

$3,690,000

CLOSED Status ⋅ 5 Beds ⋅ 4 Baths ⋅ 7058268 MLS ⋅ 6,214 SqFt.

Nestled on the scenic shores of Lake Minnetonka, 2612 Crosby Road is a stunning 5-bedroom, 4-bathroom Cape Cod-style home that offers the perfect blend of charm, privacy, and natural beauty. With captivating views across the Grays Bay, this home is tucked between towering trees, creating a serene retreat that feels worlds away while remaining just minutes from the vibrant energy of Downtown Wayzata. Inside, you'll find warm and inviting spaces adorned with natural woodwork throughout, adding a timeless elegance to this lakeside haven. Step outside to enjoy the meticulously maintained riprap shoreline, perfect for kayaking, soaking in golden sunsets, or simply savoring all that Lake Minnetonka has to offer. This is more than a home—it's a lifestyle. Don’t miss the chance to own a piece of Lake Minnetonka's beauty in one of Wayzata’s most desirable locations!

2612 Crosby Road, Wayzata

Listing courtesy of Compass.

$6,606,000

CLOSED Status ⋅ 4 Beds ⋅ 6 Baths ⋅ 7038584 MLS ⋅ 7,386 SqFt.

Exceptional custom Kraemer-built estate set on 2.6 private acres along Lake Minnetonka. Tucked into a quiet cul-de-sac, this light-filled residence is surrounded by water on three sides—Minnehaha Creek, Crosby Cove, and Gray’s Bay—offering breathtaking sunrise and sunset views. Designed with sleek, modern architecture, the home showcases walls of glass, open-concept living, and a seamless indoor–outdoor connection. Expansive sliding glass doors frame unobstructed lake views and open wide to invite in fresh air, complete with a retractable screen for comfort and ease. The main level features a spacious living and dining area anchored by a striking three-sided fireplace, while a built-in hutch adds both style and functionality to the dining space. An elevator provides convenient access to all levels, and the home is thoughtfully designed for accessibility with wider doorways and hallways. The gourmet kitchen is beautifully appointed with a large center island, dual dishwashers, and a dedicated ice cream freezer. Stunning marble countertops and sleek, high-end cabinetry define the space, while a hidden appliance garage maintains a clean, uncluttered aesthetic. Thoughtful lighting and premium finishes enhance both form and function, and a fully equipped support kitchen ensures effortless entertaining while keeping the main space pristine. The main-floor primary suite offers a serene escape, complete with a two-sided fireplace, spacious walk-in closet, and a spa-inspired bath featuring a double vanity, heated floors, zero-entry shower, and soaking tub. A cozy sitting room with custom built-ins and a dedicated workspace adds both comfort and versatility. Upstairs, a bright loft with built-in desks provides flexible living space. A second luxurious primary suite includes a two-sided fireplace, walk-in closet, and a spa-like bath with a soaking tub overlooking the lake. An additional ensuite bedroom—cleverly hidden behind a bookcase—offers exceptional privacy. The lower level is designed for both entertaining and wellness, featuring a family room with wet bar and fireplace, an exercise room, and a spacious guest suite with built-in bunks—ideal for hosting family and friends. Additional amenities include a mudroom off the attached heated garage, laundry, and generous storage. Resort-style features elevate the experience, including a sun-filled indoor saltwater pool with tranquil water views and space for an indoor garden; an outdoor climbing wall with auto-belays; a fire pit; patios; and a private dock with a lift. The dock and lift stay in throughout the winter months. In addition to the main residence, a separate guest house offers a full kitchen, sleeping quarters, spacious bath, laundry, a high-definition projection system, and its own attached 2-car garage. Located just minutes from Wayzata, with easy access to parks, trails, and everyday conveniences, this one-of-a-kind property delivers unmatched privacy, recreation, and refined lakeside living—where kayaking, paddleboarding, waterskiing, ice skating, cross-country skiing, and snowshoeing begin right outside your door. ADA Compliant

2634 Crosby Road, Wayzata

Listing courtesy of Trenary Realty Group.

$1,900,000

CLOSED Status ⋅ 3 Beds ⋅ 3 Baths ⋅ 6630242 MLS ⋅ 2,267 SqFt.

Quintessential Lake Minnetonka cottage on beautiful Grays Bay. Vault and floor-to-ceiling windows maximize the incredible water views and natural light. Living room features natural wood elements and stone fireplace. Informal dining room connects to eat-in kitchen with stainless steel appliances and granite countertops. 3 bedrooms up, including spacious primary with ensuite ¾ bath. Upper level also includes laundry closet and full bath. Loft space features amazing lake views, built-in storage and spiral staircase to main level. Maintenance-free deck just steps to dock and 35 feet of shoreline. Clean crawl space with 5-foot tall ceilings provides ample storage space for seasonal items. Oversized 2-car garage. Incredible location just 5 minutes to downtown Wayzata and access to 494. Located in award-winning Minnetonka schools.

16922 Grays Bay Boulevard, Wayzata

Listing courtesy of Coldwell Banker Realty.

$2,200,000

CLOSED Status ⋅ 3 Beds ⋅ 4 Baths ⋅ 6603999 MLS ⋅ 2,319 SqFt.

Stylish modern design on Lake Minnetonka. This exquisite home features clean architectural lines and walls of glass flooding the interior with natural light. High-end finishes, an open design and extensive LED lighting set the mood while seamlessly connecting to the outdoor living space and evoking the feel of life on the water. The center-island kitchen includes an additional support space and thoughtful cabinet plan. Upstairs, you’ll find three ensuite bedrooms including a stunning primary suite with a spa-style bath and walk-in closet. The heated garage includes custom cabinetry, epoxy floor and an EV charging station. Clean, deep-water dockage suitable for multiple boats. Located just minutes from downtown Wayzata, this home is potentially available furnished—perfect for those seeking a luxurious, move-in ready retreat on the lake.

2507 Bantas Point Lane, Minnetonka

Listing courtesy of Coldwell Banker Realty.

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