Minnetonka Homes under $350,000

Welcome to Minnetonka, Minnesota—a vibrant city nestled in Hennepin County that beautifully blends suburban charm with urban convenience. Known for its stunning natural beauty, Minnetonka boasts an array of lakes, parks, and trails, making it a haven for outdoor enthusiasts. With a population that values community and connection, the city is home to top-rated schools, diverse dining options, and a thriving local economy, ensuring a high quality of life for residents.

For those seeking affordable housing options, Minnetonka offers a delightful selection of homes under $350,000. This price range provides an excellent opportunity for first-time homebuyers, families, and investors alike. You’ll find charming single-family homes, cozy townhouses, and well-maintained condos, all featuring the modern amenities and character that make Minnetonka a desirable place to live.

Imagine waking up to serene lake views, enjoying weekend picnics at nearby parks, or taking leisurely strolls along the scenic trails. The community spirit in Minnetonka is palpable, with local events and festivals that bring residents together throughout the year. Plus, with easy access to major highways and public transportation, commuting to nearby Minneapolis and St. Paul is a breeze, offering the perfect balance between suburban tranquility and urban excitement.

Whether you’re looking to plant roots or invest in a promising market, Minnetonka’s affordable housing options make it an ideal choice. Discover your dream home in this enchanting city, where every day feels like a getaway!

Newest Minnetonka Homes under $350,000

$332,000

COMING SOON Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 7152475 MLS ⋅ 1,171 SqFt.

Welcome to true one-level living in this rare, south-facing 2-bedroom plus den townhome in the highly sought-after Preston Trails community! This beautifully updated end unit offers the privacy of a twin home, sharing just one wall, with stylish modern finishes and low-maintenance living throughout. Step inside to discover vaulted ceilings, abundant natural light, and an inviting open-concept layout centered around a living room with a cozy gas fireplace. The beautifully updated kitchen features soft-close cabinetry, a center island, stainless steel appliances, and a combination of quartz and granite countertops—perfect for everyday living and entertaining. Fully remodeled in 2018, with additional updates in 2019, this move-in-ready home features luxury vinyl plank flooring, updated trim, and modern light fixtures throughout. The versatile den is ideal for a home office, creative space, or additional flex space, with the option to add a sleek glass door for enhanced privacy. Enjoy peace of mind with extensive updates, including brand-new Andersen windows throughout, new blinds, an updated electrical panel (2019), a new main water line (2020), a newer water heater, an updated water softener, and an updated city water meter (2026). Additional highlights include a newly finished walk-in shower (2026), in-unit washer and dryer, installed gutters and downspouts, and an existing Vivint security system. The oversized attached two-car garage offers exceptional storage and everyday convenience. Outside, relax on your private walkout patio and enjoy the fenced side yard, with lawn care taken care of by the HOA for truly low-maintenance living.

2261 Wildwood Circle, Minnetonka

Listing courtesy of Keller Williams Realty Integrity Lakes.

$220,000

ACTIVE Status ⋅ 3 Beds ⋅ 3 Baths ⋅ 7128403 MLS ⋅ 2,195 SqFt.

Fantastic location and priced to sell! This charming home offers an exciting opportunity to build equity and make it truly your own. While the property would benefit from some updating and TLC, it offers a spacious and functional layout with plenty of potential. Enjoy comfortable main-level living featuring a cozy living room with a wood-burning fireplace, perfect for relaxing on cool evenings. Step outside onto the deck and take in the peaceful setting surrounded by mature trees. The large kitchen offers plenty of space, along with a convenient eat-in dining area. The primary suite includes a 3/4 bath, while the full basement expands your living and storage options with a generous family room plus a separate workshop/storage area. An oversized one-car garage provides additional convenience and storage. Whether you're a first-time buyer ready to stop renting or someone looking for a home with room to add your personal touch, this property is a wonderful opportunity to own in a fantastic location!

15695 Sussex Drive, Minnetonka

Listing courtesy of RE/MAX Results.

$247,000

ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 7155308 MLS ⋅ 1,364 SqFt.

Fantastic Townhome with low monthly HOA boasting high-value updates and quick access to: 62, 494, 169, 212 and 7. Just 22 minutes to the airport and 1/2 mile to Shady Oak Lake/Beach! Conveniently located near retail, restaurants, gyms, salons and so much more! This 2 bedroom home features a main floor 1/2 bath, primary en suite, upper level laundry and private deck off the 2nd bedroom. The backyard green space is abundant and very private! NEW Carrier HVAC 2024, NEW water heater 2024, ALL NEW windows and sliding glass doors 2021-2023, NEW oven 2023, NEW refrigerator 2023, ALL NEW carpet 2021. Want more? NEW roof in 2021! Don't miss out on easy living in a high demand location.

5424 Sanibel Drive, Minnetonka

Listing courtesy of Edina Realty, Inc..

$348,900

ACTIVE Status ⋅ 4 Beds ⋅ 2 Baths ⋅ 7155888 MLS ⋅ 1,489 SqFt.

Welcome to the wonderful Preston Trails community and this beautifully renovated, move-in-ready Minnetonka townhome offering four bedrooms, two bathrooms, and a private two-car garage! Tucked away on a quiet cul-de-sac, this impressive home features an awesome, functional floor plan with three bedrooms on the upper level, a spacious dining area, a large living room, and an even larger family room providing plenty of flexibility for entertaining, relaxing, working from home, or everyday living. Recent improvements include new tile and luxury vinyl plank flooring, brand-new kitchen appliances, quartz countertops, renovated bathrooms, refreshed landscaping, and numerous additional updates throughout. Step outside to enjoy your own private patio conveniently positioned between the townhome and garage, creating a welcoming outdoor space for dining, grilling, or unwinding. The incredible location provides convenient access to Ridgedale-area shopping and dining, downtown Hopkins, major roadways, neighborhood parks, and Minnetonka’s extensive trail system, including regional trails connecting communities throughout the western metro. Offering generous living spaces, thoughtful updates, and exceptional convenience, this turnkey home is ready for its next owner to move in and enjoy!

9712 Cimarron Circle, Minnetonka

Listing courtesy of RE/MAX Results.

3030 Saint Albans Mill Road Unit 211, Minnetonka

$309,000

ACTIVE Status ⋅ 1 Beds ⋅ 2 Baths ⋅ 7154450 MLS ⋅ 1,012 SqFt.

A dream kitchen, updated bathrooms, and hardwood floors throughout make this desirable Saint Albans Mill condo stand out! You'll love the large Cambrai counter island, updated cabinetry, stainless appliances, and large walk-in shower and walk-in closet. The south-facing sun, views, and porch are ideal for morning coffee or a cozy fall afternoon of reading your favorite book while listening to the birds. Indoor and outdoor pools, sauna, hot tub, fitness studio, community room, and woodworking room are extensions of your home without the maintenance. Now is the perfect time to leave the snow maintenance behind and enjoy the conveniences of a turn-key lifestyle. Whether you're a snow-bird or looking to be social without having to venture out, you'll love this community. Nestled among mature trees and the Minnehaha Creek, you'll appreciate the peaceful setting.

3030 Saint Albans Mill Road Unit 211, Minnetonka

Listing courtesy of Coldwell Banker Realty.

$339,000

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7154591 MLS ⋅ 1,755 SqFt.

Beautiful 3BR/2BA townhome in the award-winning Minnetonka School District, conveniently located near parks, trails, shopping, dining, and with quick access to major highways. This home is a perfect opportunity for first-time buyers or those looking to downsize! Enjoy a bright, inviting living room with a cozy fireplace, a spacious kitchen, and a dining area that opens to a private deck. The finished lower level features a large family room with a wood-burning fireplace, a porch, and a third bedroom. The HOA covers lawn care, snow removal, trash pickup, and exterior maintenance, offering truly easy, low-maintenance living.

18300 Creeks Bend Drive, Minnetonka

Listing courtesy of Algo Realty Inc.

$259,900

ACTIVE Status ⋅ 2 Beds ⋅ 3 Baths ⋅ 7152774 MLS ⋅ 1,716 SqFt.

Move-in ready multi-level townhome in a private setting within the desirable Minnetonka School District! Freshly painted throughout with new carpet and numerous recent improvements, including flooring, kitchen updates, freshly stained decks, hardware, doors, and appliances. The upper level offers two bedrooms, a full bath, and a spacious loft/office area that could potentially be converted to a third bedroom with minimal expense, adding excellent flexibility. The lower level offers additional versatile living space with its own private patiošideal for guests, a roommate, or enjoying time outdoors with pets. Enjoy convenient highway access and shared community amenities, including a sport court. The association allows up to two pets and currently has no weight restrictions. Buyer and buyer™s agent to verify all information, measurements, dimensions, association information, school boundaries, and any requirements for converting the loft to a bedroom.

4731 Spring Circle, Minnetonka

Listing courtesy of Bridge Realty, LLC.

$335,000

ACTIVE Status ⋅ 3 Beds ⋅ 1 Baths ⋅ 7133315 MLS ⋅ 1,782 SqFt.

Opportunity knocks in the Minnetonka School District! This 3-bedroom bi-level offers a chance to bring your ideas and build equity while creating a home that is truly your own. All three bedrooms are conveniently located on the upper level, along with original red oak hardwood floors and an open living/dining area. Two beautiful brick fireplaces add character, while the finished lower-level family room provides additional living space and has great natural light. Outside, enjoy a charming brick patio, mature surroundings and a 2-car tuck-under garage. The home needs updating and has deferred maintenance. It is priced accordingly, making it an appealing alternative to paying a premium for someone else's renovations. Conveniently located near parks and miles of trails, Lake Minnetonka and the Minnesota Landscape Arboretum, with shopping at Ridgedale Center and Eden Prairie Center nearby. Enjoy easy access to the shops, restaurants and activities of Excelsior, Hopkins and Chanhassen, as well as Highways 7, 62 and 494. Bring your vision and make this one your own!

5603 Woodland Road, Minnetonka

Listing courtesy of Edina Realty, Inc..

$250,000

ACTIVE Status ⋅ 2 Beds ⋅ 1 Baths ⋅ 7151313 MLS ⋅ 1,310 SqFt.

Charming 2 story end unit features soaring vaults and light, bright, semi-open design. Updated Kitchen with granite top center island flows into spacious vaulted Living Room featuring cozy gas fireplace. Patio door opens to beautiful private garden retreat perfect for relaxing or entertaining. Spacious loft style Primary bedroom with private rooftop deck. 2nd bedroom includes wall storage cabinet. Walk-through updated bathroom features a skylight! Y Stackable washer & dryer on upper level. You'll appreciate approximately $30,000 of updates over recent years including new furnace, A/C & water heater (2024), new Andersen windows & sliding door (2017), & luxury vinyl flooring on the main level (2017). New carpet (2025). New exterior siding (2021) & new roof (2020). Short walk to Shady Oak Lake Park and Lone Lake Park. Bryant Lake Regional Park located a few miles away. This great area offers shopping, dining, coffee houses & entertainment , and easy freeway access. Move in and enjoy a carefree lifestyle.

5410 Sanibel Drive, Minnetonka

Listing courtesy of Edina Realty, Inc..

10311 Cedar Lake Road Unit 313, Minnetonka

$120,000

ACTIVE Status ⋅ 1 Beds ⋅ 1 Baths ⋅ 7123792 MLS ⋅ 812 SqFt.

Welcome home to this beautifully updated condo in a fantastic Minnetonka location! Enjoy peaceful, picturesque views of the surrounding green space from this inviting home, creating a serene backdrop for everyday living. The interior has been thoughtfully updated with brand-new stainless appliances, new light fixtures, bathroom fixtures, and living room A/C unit all within the last year, adding a fresh and modern feel throughout the home. The bathroom features a rainfall showerhead for a spa-like touch, perfect for unwinding at the end of the day. With a comfortable layout, beautiful views, and thoughtful updates, this home offers an easy, low-maintenance lifestyle in a wonderful setting. On-site amenities include a pool house with a pool and hot tub, walking paths through the courtyard, and heated garage parking. Conveniently located near parks, trails, shopping, dining, and everything Minnetonka has to offer!

10311 Cedar Lake Road Unit 313, Minnetonka

Listing courtesy of RE/MAX Results.

$285,000

ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 7150923 MLS ⋅ 1,570 SqFt.

Move in ready (and affordable) in Minnetonka! This townhome is available for the first time in almost 30 years. Enjoy easy living at Beachside II with only a short walk to Shady Oak Beach. Fully refreshed! Enjoy your meals on your private deck, in the formal dining room or at the breakfast nook (dining room could also be converted to an office or 3rd bedroom.) Other amenities include large closets, laundry room, and attached garage with additional storage. This Beachside darling won’t last long - schedule a showing today and make it yours!

5409 Pompano Drive, Minnetonka

Listing courtesy of Coldwell Banker Realty.

$287,000

ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 7147254 MLS ⋅ 1,347 SqFt.

Welcome home to this nice rarely available, top-floor, west-facing condominium offering peaceful tree-top views and beautiful sunsets! Located in a quiet, 36-unit building in a desirable area of Minnetonka, this two-bedroom, two-bathroom home is meticulously maintained and features recent updates. The inviting open floor plan has 9-foot ceilings, large picture windows, beautiful hickory-plank laminate flooring, and a cozy dual-sided Heat & Glo gas fireplace. The bright living and dining areas flow nicely into a wonderful three-season porch, perfect for relaxing and taking in the views all year round. The functional kitchen is complete with ample counter space, a convenient walk-in pantry, and an adjacent built-in cabinet with an upper glass display case. Designed for privacy, the smart split-bedroom layout places the bedrooms on opposite sides of the home. Both bedrooms are generously sized; the primary has a large walk-in closet and private three-quarter bath. The second bedroom has parquet wood floors and shares the unique see-through fireplace with the main living area. Both bathrooms have white tiles, and the primary bathroom has a low-threshold walk-in shower. This unit offers the perfect blend of tranquility and conveniences with an ideal lock and leave lifestyle. Enjoy a prime, central location with quick access to Crosstown 62, Highway 494, Highway 212, and Shady Oak Road. You are just minutes away from Nine Mile Creek, Lone Lake Park, Shady Oak Lake, Bryant Lake, and extensive regional trails. Plus, enjoy the daily convenience with fantastic local restaurants, grocery stores, and shopping malls nearby. See supplements for the floor plan, property updates & features.

5985 Rowland Road Unit 308, Minnetonka

Listing courtesy of RE/MAX Advantage Plus.

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