Greenwood Luxury Homes for Sale

5025 Covington Street, Greenwood

Listing courtesy of Compass.

ACTIVE Status ⋅ 5 Beds ⋅ 6 Baths ⋅ 7132474 MLS ⋅ 5,909 SqFt.

Beautiful site in prime Greenwood location. Walk or bike to downtown excelsior or cottagewood. Award winning Minnetonka schools and across the street from Lake Minnetonka lies this gorgeous, wooded site. Construction is just starting on this custom design featuring a dramatic main level with 20' vaulted and beamed ceilings plus all main level living. This charming cottage inspired design fits well in the area and character abounds in every detail. At nearly 6000 square feet this home is well designed for all your needs including 3 spacious bedroom suites upstairs plus a bonus room, upstairs laundry and loft overlooking the main level. The main level features an amazing primary suite with luxury spa like bath, spacious open kitchen designed for entertaining plus an amazing back scullery that is perfect for prep. The main level also features a front office, well designed mudroom with storage plus a main level laundry facility. Enjoy the outdoors on the vaulted porch equipped with stone fireplace and maintenance free deck leading to the backyard. The expansive lower level has everything covered including a large wet bar with seating, plus a theater room, step down golf simulator area, exercise room and 5th bedroom suite. Still time to influence the interior design elements with our staff designer. Home is estimated to be complete spring/summer 2026. See our model at 638 Gardner street for similar design details.

21735 Fairview Street, Greenwood

Listing courtesy of Keller Williams Premier Realty Lake Minnetonka.

$6,449,000

PENDING Status ⋅ 6 Beds ⋅ 7 Baths ⋅ 7116405 MLS ⋅ 8,416 SqFt.

Introducing 5155 Weeks Road in beautiful Greenwood, Minnesota. This breathtaking Lake Minnetonka estate is nestled on 1.17 private acres with 163 feet of rip-rap shoreline and A-grade water quality on Saint Albans Bay. This East Coast-inspired home offers a bright, open layout with floor-to-ceiling windows and south-facing lake views. The main level primary suite is a serene escape featuring a gas fireplace, vaulted ceilings, automatic blinds, and renovated spa-like bathroom with sweeping water views. Entertain family and friends in the gourmet kitchen with high-end appliances, designer tile backsplash, and gorgeous countertops. The formal and informal dining rooms offer direct patio access for easy indoor-outdoor flow. You will love working from home in the main floor office with lake views through the glass French doors. The upper level offers four bedrooms, three bathrooms, and a loft with built-in desks and shelving. One of the upper level bedrooms is accessed through a secret bookcase, and doubles as a second office with new white oak floors. The walkout lower level is an entertainer’s dream with its family room with new flooring, gas fireplace, wet bar, billiards area, guest bedroom (or game room), and generous lakeside storage. The flex space is the perfect spot to host birthday parties or sleepovers. The most impressive addition to this home is a CrossFit-style gym with a new garage door, rubber gym flooring, finished walls, vapor and humidity protection, dedicated air conditioning and heat, and state-of-the-art audio-visual equipment. The three car heated garage offers ample storage and epoxy flooring. Unwind after a long day in the lakeside barrel sauna. A dock with two covered boat slips allows for convenient access to all of your favorite summer water activities. This property is within minutes of the LRT Regional Trail and all of your favorite shops and restaurants in Downtown Excelsior. Located in award-winning Minnetonka School District. An extensive list of home improvements is available upon request.

5155 Weeks Road, Greenwood

Listing courtesy of Compass.

$1,895,000

PENDING Status ⋅ 5 Beds ⋅ 3 Baths ⋅ 7113886 MLS ⋅ 5,120 SqFt.

Introducing 5140 Greenwood Circle in Greenwood, Minnesota. Exceptional craftsmanship and timeless renovations define this remarkable lake community residence overlooking the tranquil waters of Saint Albans Bay on Lake Minnetonka. Featuring five bedrooms and three bathrooms, this home showcases soaring vaulted ceilings, striking timber-frame architecture, and thoughtfully designed living spaces that seamlessly blend elegance with comfort. The newly remodeled kitchen is a chef's dream, complete with Thermador appliances, Cambria countertops, and custom cabinetry. Adjacent to the kitchen is the inviting hearth room with gas fireplace, providing the perfect place to unwind, while the sunroom captures panoramic lake views in every season. The luxurious main-level primary bedroom suite serves as a private retreat, offering a spa-inspired bathroom with a new bathtub, heated floors, expansive dressing room, and direct access to the spacious hardwood deck. Accessible from the living room, sunroom, and primary suite, the deck overlooks the sparkling waters of Saint Albans Bay, creating an idyllic setting for sunset gatherings. The newly added screened-in porch is the perfect backyard retreat. Two additional bedrooms complete the main floor. The walkout lower level features a generous family room with a gas fireplace, wet bar, and two additional bedrooms for hosting family and friends. Outside, manicured grounds surround the 0.34-acre lot. Rich in history, the property occupies the former grounds of the historic Greenwood Hotel, with the original stone retaining wall still intact. Perfectly positioned to offer peaceful views while remaining just minutes from the charming shops, restaurants, and amenities of downtown Excelsior, this exceptional property delivers an unparalleled Lake Minnetonka lifestyle. An extensive list of home improvements is available upon request.

5140 Greenwood Circle, Greenwood

Listing courtesy of Compass.

$3,000,000

CLOSED Status ⋅ 4 Beds ⋅ 4 Baths ⋅ 7070946 MLS ⋅ 4,671 SqFt.

Beautifully nestled along a lush, gently sloping yard that leads to a quiet channel with direct access to Lake Minnetonka’s St. Albans Bay, this exceptional property blends privacy, comfort, and refined lakeside living. The serene setting is enhanced by new landscaping, mature trees, and peaceful water views. A new dock, boathouse, and canopy, along with fresh riprap shoreline boulders, elevate the waterfront experience and ensure long-lasting stability and enjoyment. Inside, the open-concept main level is filled with natural light, highlighted by dramatic vaulted ceilings and a stunning wall of windows overlooking the backyard and water. Fresh interior paint throughout the home, paired with new carpet, new light fixtures, new plumbing fixtures, and updated fireplace surrounds, creates a clean, modern, and cohesive aesthetic. Wood floors add warmth and sophistication throughout the main living spaces. The custom-designed kitchen is built for both everyday living and entertaining, featuring new countertops, high-end appliances, a large center island, and an expansive butler’s pantry. Adjacent living and dining spaces flow seamlessly together, anchored by a striking two-sided fireplace that enhances the inviting atmosphere. A vaulted four-season porch offers the perfect place to unwind and enjoy beautiful sunset views year-round. The main-level primary suite provides a private retreat with a spacious walk-in closet and a fully remodeled spa-like bathroom completed in January 2026, featuring dual vanities, an oversized walk-in shower, and elevated finishes. A dedicated home office and a thoughtfully designed laundry room with abundant storage add convenience and functionality to the main floor. Outdoors, the maintenance-free wraparound deck creates multiple areas for relaxing, dining, and taking in the tranquil surroundings. The exterior has been refreshed with new paint and new garage doors, complementing the home’s timeless curb appeal. The garage itself features new interior paint and is heated, offering year-round comfort and practicality. The finished walkout lower level is designed for entertaining and recreation, complete with a full wet bar, billiards area, game room, and an expansive family room ideal for movie nights or watching the big game. Upstairs, two additional bedrooms are connected by a Jack-and-Jill bath, offering comfortable accommodations for family or guests. Additional updates include a new HVAC system, ensuring year-round comfort and efficiency. Located within the highly regarded Lake Minnetonka School District and just minutes from the shops, dining, and charm of downtown Excelsior, this home delivers an exceptional lifestyle defined by natural beauty, privacy, and convenient access to the best of Lake Minnetonka living.

21500 Excelsior Boulevard, Greenwood

Listing courtesy of Trenary Realty Group.

$1,655,000

CLOSED Status ⋅ 4 Beds ⋅ 4 Baths ⋅ 7048949 MLS ⋅ 4,365 SqFt.

Welcome to 4820 Lodge Lane! This beautifully updated one-story walk-out blends timeless elegance with functionality. Step inside to discover an inviting main level featuring maple hardwood flooring, a spacious living room anchored by a cozy gas fireplace, and a chef’s kitchen with stainless steel appliances, abundant cabinetry, and seamless access to the deck overlooking Lake Minnetonka. The main-floor primary suite is complete with a generous walk-in closet and a luxurious ensuite bath featuring dual vanities, a soaking tub, walk-in shower, and expansive counter space. A dedicated office, laundry room, and thoughtfully updated finishes complete the main level. The walk-out lower level is designed for entertaining and flexible living, offering three additional bedrooms, an exercise room, a study ideal for an art studio or craft room, a spacious family room, and extensive storage throughout. Recent improvements include fresh paint, granite countertops in the lower-level family room and kitchenette/bar area, updated lighting throughout both levels, blinds with motorized controls on large windows, and beautifully refinished trim, cabinets, and woodwork. Step outside to enjoy landscaped grounds, three season cedar porch with wood burning fireplace, and deck spaces perfect for relaxing or entertaining. Ideally located near the Lake Minnetonka Regional Trail and just minutes from the charming shops, dining, and beaches of Excelsior.

4820 Lodge Lane, Greenwood

Listing courtesy of Compass.

$3,425,000

CLOSED Status ⋅ 5 Beds ⋅ 3 Baths ⋅ 7006231 MLS ⋅ 2,393 SqFt.

Offered for the first time in over 60 years, 5080 Meadville Street provides a once-in-a-generation opportunity to secure a premier west-facing property on one of Greenwoods most cherished streets. Located just a short walk from the heart of downtown Excelsior, you are minutes from great dining, specialty boutiques, and the year around energy of Lake Minnetonka's most charming town. This exceptional property features 110 feet of lakeshore and is being sold as-is. Whether you choose to enjoy the home in its current, livable state or envision a custom new-build, the potential is unmatched. For those inspired by new construction, conceptual renderings prepared by Kyle Hunt & Partners are available to illustrate the site’s extraordinary possibilities, or bring your own builder to explore the site. View this unique combination of iconic lake setting, walkability, and year-round enjoyment in one of Lake Minnetonka’s most coveted locations.

5080 Meadville Street, Greenwood

Listing courtesy of Coldwell Banker Realty.

$1,090,000

CLOSED Status ⋅ 3 Beds ⋅ 3 Baths ⋅ 6810440 MLS ⋅ 2,450 SqFt.

Enjoy stunning views of St. Albans Bay on Lake Minnetonka from this light-filled home featuring vaulted ceilings and an open layout. The chef’s kitchen boasts granite countertops, a large center island, and seamless flow to the dining area and spacious living room with a cozy gas fireplace. Sliding glass doors open to a large deck—perfect for entertaining and taking in the lake scenery. The main-level master suite includes an attached bath, while an oversized laundry room adds convenience. A perfect blend of comfort, style, and lake living!

5100 Greenwood Circle, Greenwood

Listing courtesy of Excelsior Realty.

$3,000,000

CLOSED Status ⋅ 4 Beds ⋅ 3 Baths ⋅ 6753982 MLS ⋅ 3,198 SqFt.

Dreamy fairytale cottage on a large level lot in coveted Greenwood. Walkable to Excelsior - sandy beach - boat house - 4 bedrooms including 1 on main level plus large lakeside primary suite with terrace. Truly magical lakeside glass conservatory and screen porch. Long approach driveway - large detached garage - lots of parking. This is a one of a kind lot and truly swoon worthy Lake Minnetonka cottage....ready for the next caretaker to start making memories at!

21650 Fairview Street, Greenwood

Listing courtesy of Coldwell Banker Realty.

$3,425,000

CLOSED Status ⋅ 6760250 MLS

5080 Meadville Street, Greenwood

Listing courtesy of Coldwell Banker Realty.

$5,650,000

CLOSED Status ⋅ 4 Beds ⋅ 4 Baths ⋅ 6764205 MLS ⋅ 4,938 SqFt.

SOLD BEFORE PRINT. Introducing 5190 Meadville Street in beautiful Greenwood, Minnesota. Nestled on 107 feet of pristine, A-quality frontage on Lake Minnetonka, this custom-built 2013 home was a collaboration between architect Peter Eskuche and luxury home builder Denali Homes. Designed for main-level living, this modern home offers four bedrooms, four bathrooms, and breathtaking views across Excelsior Bay. The great room's 24-foot retractable wall opens to seamlessly blend indoor and outdoor entertaining. The gourmet kitchen features custom cabinets, a center island, quartzite countertops, professional grade appliances, multiple beverage refrigerators, and a walk-in pantry. The stunning glass-front wine cellar is a focal point of the space. The primary suite is a peaceful retreat with serene lake views, a spa-inspired bathroom, and soaking tub. The lower level is designed for relaxation and recreation, featuring a media room, exercise room, three spacious bedrooms, and two bathrooms. Outside, 0.56 acres of manicured grounds lead the way to level frontage, perfectly positioned to enjoy panoramic views of Excelsior Bay. Walk to charming Excelsior on the LRT Regional Trail for shopping and dining.

5190 Meadville Street, Greenwood

Listing courtesy of Compass.

$1,550,000

CLOSED Status ⋅ 5 Beds ⋅ 4 Baths ⋅ 6722143 MLS ⋅ 4,497 SqFt.

Welcome to this rare mini estate in the heart of Greenwood. Surrounded by mature trees and stunning award-winning landscaping, this custom home offers a blend of sophistication, privacy, and functionality. Some of the home highlights include: heated Travertine flooring with five zones, bamboo hardwood floors, solid birch millwork, soaring 18-foot ceilings, two statement wood-burning fireplaces, Carrera Marble counters, new carpet, and fresh paint. The lower level walkout features a light-filled spa room, a full bar, a custom climate-controlled wine cellar holding up to 630 bottles, and a beautifully finished entertaining space. Lovely outdoor spaces include a spacious 700 square-foot covered deck with a built-in grill station, an inviting front porch, and a custom fire pit. Stealing the spotlight is the remarkable approximately 1,000-square-foot outbuilding—fully insulated and equipped with hot and cold water, plus dedicated 150-amp electrical service. Perfect for the car enthusiast in need of a four-car garage, or envisioning a workshop, studio, gym; this versatile space offers endless possibilites. Walking distance to downtown Excelsior, Greenwood’s municipal docks, and easy access to the LRT trail. Located within top-rated Minnetonka School District. Enjoy the Lake Minnetonka lifestyle!

4950 Sleepy Hollow Road, Greenwood

Listing courtesy of Coldwell Banker Realty.

$4,350,000

CLOSED Status ⋅ 4 Beds ⋅ 3 Baths ⋅ 6484791 MLS ⋅ 3,985 SqFt.

Incredible 1 acre setting with a level playable lawn to 107 feet of lakeshore on Lake Minnetonka. Sold before print.

21710 Fairview Street, Greenwood

Listing courtesy of Compass.

$6,340,000

CLOSED Status ⋅ 6 Beds ⋅ 7 Baths ⋅ 6515941 MLS ⋅ 8,940 SqFt.

Breathtaking Lake Minnetonka masterpiece on a private 1.17 acre lot with 150’ of rip-rap shoreline! This recently refreshed East Coast influenced home features a light & bright open floorplan with floor-to-ceiling windows showcasing gorgeous water views at every turn!. Enjoy main-level living with a spacious primary suite with fireplace, spa-like bath and expansive lake views. Gourmet kitchen, formal dining room and informal dining with access to the patio- the perfect blend of indoor and outdoor living! The upper-level offers two junior suites, two guest bedrooms and loft area. Walk-out lower level designed for entertaining with family room, wet bar, billiards area, guest bedroom (currently an exercise room) & plenty of storage for lake toys! 3-car heated garage on the main-level and 3-car heated garage on the lower level currently used as a sport court! Additional features include a main-level office; & very private setting at the end of a non-through street. “A” grade water quality!

5155 Weeks Road, Greenwood

Listing courtesy of Coldwell Banker Realty.

$1,450,000

CLOSED Status ⋅ 4 Beds ⋅ 3 Baths ⋅ 6469214 MLS ⋅ 5,393 SqFt.

Exceptional property offers luxurious living spaces, breathtaking lake views, & exquisite architectural details. 4 BR, 3 BA, & a wealth of features. Vaulted ceilings & a timber frame design. The open kitchen also features a pantry room w/ a convenient work area and a 2nd refrigerator, perfect chef’s dream. The hearth room with a cozy fireplace ideal for unwinding after a long day, while sunroom offers tranquil space to enjoy lake views. Spacious main flr owners suite with massive bath & dressing room. Hardwood deck accessible from living rm, sunroom, & owners suite, overlooking St. Albans Bay, providing a serene setting for morning coffee or evening relaxation. The walkout lwr level is entertainer's dream, featuring 3rd fireplace & a wet bar, creating perfect ambiance for hosting gatherings with friends & family. The best of both worlds - a peaceful retreat overlooking the bay, yet just a short distance from the amenities of Excelsior.

5140 Greenwood Circle, Greenwood

Listing courtesy of Compass.

$4,550,000

CLOSED Status ⋅ 6449951 MLS

155 feet of prime, west facing lakefront with panoramic lower Lake Minnetonka views of Big Island and far beyond. VERY gradual slope to the sandy shoreline anchored with a tiered concrete barrier & substantial rip-rap. A walkable mile on the trail to Excelsior. Minnetonka Schools.

21560 Fairview Street, Greenwood

Listing courtesy of Coldwell Banker Realty.

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Greenwood Luxury Homes for Sale

Welcome to the world of Greenwood luxury homes for sale, a realm where elegance, opulence, and architectural marvels converge to create an unparalleled living experience in one of Minnesota's most esteemed communities. This is a world where each residence is not just a home but a masterpiece, where every detail has been meticulously designed to exceed even the most discerning expectations.

As you step into the realm of Greenwood luxury real estate, you'll find yourself in a world where homes are not merely structures; they are expressions of artistry and craftsmanship. These properties boast breathtaking aesthetics, combining classic and contemporary design elements that captivate the eye and inspire the soul.

From grandiose estates with sprawling acres of meticulously manicured grounds to sleek, modern marvels with cutting-edge amenities, Greenwood luxury homes cater to a spectrum of tastes and lifestyles. Each property reflects the unique vision of its owners, offering a canvas on which you can paint your dreams.

The allure of Greenwood luxury living extends far beyond the stunning architecture and elegant interiors. It encompasses a lifestyle that befits those with a penchant for the finer things in life. Imagine waking up to panoramic views of Lake Minnetonka or enjoying the serenity of your private oasis, complete with lush gardens, sparkling pools, and outdoor entertainment areas.

Greenwood's luxury real estate market is a testament to the area's prestige. It's not just about acquiring a home; it's about investing in a lifestyle that promises exclusivity, security, and an unmatched level of comfort. The community itself is a hallmark of excellence, offering top-notch schools, cultural richness, and a vibrant social scene.

Embark on a journey through the world of Greenwood luxury homes, providing insights into market trends, property values, and the unique attributes that set this community apart. Whether you're a potential buyer, seller, or just an enthusiast of luxury real estate, our goal is to provide you with the knowledge and resources needed to navigate this exceptional market confidently.

Join us as we delve into the world of Greenwood luxury homes for sale, where every residence is a testament to the extraordinary, and where the art of living reaches its zenith.