Located on the shores of St. Albans Bay, Greenwood, Minnesota is a small community to the east of Excelsior, to the West of Deephaven and Minnetonka. Greenwood has 688 citizens with a median household income of $125,417 and a median value of owner occupied homes of $756,700. Greenwood is a picturesque community with charm and character galore in close proximity to all that Excelsior and Lake Minnetonka have to offer allowing for year round fun including boating in all of it's forms including dining, shopping, swimming, snowmobiling, cross country skiing, skating and more. Other nearby areas on land include Shorewood, Tonka Bay and Chanhassen. Nearby water bodies include Christmas Lake, Galpin Lake, Gideon Bay, and Carsons Bay to name a few.