Lake Minnetonka Zip Code Guide: 55391, 55331, 55364, 55359, 55356
Lake Minnetonka, one of Minnesota’s most desirable areas, is home to a diverse collection of waterfront communities, luxury estates, and charming neighborhoods. Whether you’re looking for a lakeside retreat, a bustling downtown atmosphere, or a private estate surrounded by nature, understanding the zip codes around Lake Minnetonka is key to finding the perfect home.
This guide breaks down Lake Minnetonka’s zip codes, covering demographics, housing trends, lifestyle insights, and real estate market data—essential information for buyers, sellers, and investors alike.
55391 – The Heart of Lake Minnetonka: Wayzata & Beyond
Cities Covered:
Wayzata, Deephaven, Medina, Minnetonka, Minnetonka Beach, Orono, Shorewood, and Woodland
Key Stats:
- Population: 14,486
- Population Density: 852 people per square mile
- Housing Units: 6,545
- Occupied Housing Units: 5,928
- Median Home Value: $485,100
- Median Household Income: $97,267
- Land Area: 17.00 square miles
- Water Area: 10.93 square miles
Real Estate & Lifestyle:
As one of the most sought-after zip codes in the Lake Minnetonka area, 55391 is synonymous with luxury lakefront living. Home to Wayzata, the premier downtown hub for dining, shopping, and entertainment, this zip code attracts buyers looking for both prestige and convenience.
Wayzata itself is known for its walkable downtown, upscale boutiques, fine dining, and spectacular views of Wayzata Bay. Other cities within 55391, such as Minnetonka Beach and Woodland, offer stunning lakefront properties with private docks and spacious lots.
Market Insights:
Many homes in this zip code exceed $1 million, with premium lakefront estates often reaching $5 million+.
The combination of proximity to Minneapolis (20 minutes) and exceptional Wayzata Public Schools makes it a hotspot for affluent professionals and families.
Nearby Zip Codes:
55305, 55331, 55340, 55356, 55359, 55364, 55384, 55441, 55446, 55447
55331 – The Excelsior & South Lake Minnetonka Region
Cities Covered:
Excelsior, Shorewood, Chanhassen, Orono, Deephaven, Tonka Bay, Greenwood, Minnetrista
Real Estate & Lifestyle:
Centered around Excelsior, this zip code features a mix of historic homes, modern lakefront estates, and quaint neighborhoods. Excelsior’s charming downtown area offers waterfront dining, boutique shopping, and a lively arts scene.
Tonka Bay and Greenwood provide quieter, more exclusive lakefront settings, while Deephaven boasts some of the best-kept secrets in luxury lakeside living.
Market Insights:
The median home price in 55331 is slightly lower than in Wayzata, but lakefront properties still command premium prices.
South Lake Minnetonka’s real estate market is highly competitive, especially for homes with private lakeshore access.
55364 – Mound & West Lake Minnetonka
Cities Covered:
Mound, Orono, Shorewood, Minnetrista, Independence
Real Estate & Lifestyle:
Home to Mound, the birthplace of the Tonka brand, this zip code offers a mix of affordable lake access and luxury homes. Mound’s Halstead Bay and Phelps Bay provide some of the most budget-friendly lakeshore options on Lake Minnetonka.
Minnetrista and Orono’s portions of 55364 are known for their large-acreage estates, equestrian properties, and newer developments with scenic lake views.
Market Insights:
Homes in Mound are more affordable than in Wayzata or Excelsior, making it a great entry point for lake living.
Many properties here feature channel access to the main lake, offering boating and recreational opportunities.
55359 – The Rural & Estate Community
Cities Covered:
Orono, Maple Plain, Minnetrista, Medina, Independence
Real Estate & Lifestyle:
55359 is the epitome of peaceful, countryside living near Lake Minnetonka. With large lots, rolling farmland, and luxury estates, this area is ideal for those seeking privacy while remaining within easy reach of Orono Schools and downtown Wayzata.
Market Insights:
Many properties in this zip code exceed 5+ acres, often featuring equestrian facilities or private wooded lots.
Luxury estate homes in Medina and Orono command multi-million dollar price tags, catering to high-net-worth buyers.
55356 – Long Lake & Orono’s Hidden Gem
Cities Covered:
Orono, Long Lake, Medina
Real Estate & Lifestyle:
Long Lake is an up-and-coming suburban area with great schools, a growing business district, and easy access to both Wayzata and downtown Minneapolis.
While Orono’s properties in this zip code are largely upscale and spacious, Long Lake offers a mix of starter homes, townhomes, and lake-adjacent estates.
Market Insights:
A more affordable alternative to Wayzata, yet still within the coveted Orono School District.
Real estate appreciation in Long Lake has been steady, making it a smart investment for future homeowners.
Which Lake Minnetonka Zip Code is Right for You?
Each Lake Minnetonka zip code has its unique personality, from the vibrant streets of Wayzata and Excelsior to the secluded estates of Orono and Medina. Whether you’re searching for a luxury waterfront property, a charming suburban home, or an investment opportunity, understanding these communities is crucial.
Looking to Buy or Sell a Home in Lake Minnetonka?
As a top Lake Minnetonka realtor, I have in-depth knowledge of each zip code, from local market trends to the best-kept secrets in waterfront real estate. Let’s discuss your goals and find the perfect home for your lifestyle.
Contact me today for a confidential real estate consultation or to learn more about Lake Minnetonka’s premier properties.