Lake Minnetonka Luxury Homes by the Water Tour

Coldwell Banker Realty’s Luxury Homes by the Water Tour brings together a curated collection of waterfront residences for one afternoon of luxury home touring. The event is scheduled for Sunday, May 17, from 12:00 p.m. to 5:00 p.m., and includes a wide range of waterfront properties across Minnesota and western Wisconsin.

This guide focuses specifically on the Lake Minnetonka-area homes featured in the Luxury Homes by the Water Tour.

Lake Minnetonka is not one simple waterfront market. A home on Bracketts Point, Cottagewood Road, Chimo, North Shore Drive, Meadville Street, Halsted Bay, Woodland Cove or Forest Arms Lane may all be described as “luxury homes by the water,” but each sits within a different lake context. City, bay, shoreline, dockage, views, privacy, walkability, architecture and long-term scarcity all shape value.

Use this page to explore the Lake Minnetonka homes in the tour and understand how each location fits within the broader luxury waterfront market.

Lake Minnetonka Homes Featured in the Luxury Homes by the Water Tour

The official Luxury Homes by the Water Tour includes Lake Minnetonka-area properties in Wayzata, Deephaven, Excelsior, Orono, Minnetrista and Greenwood, along with other waterfront homes outside the Lake Minnetonka market.

Featured Lake Minnetonka-area addresses listed on the event site include:

1300 Bracketts Point Road, Wayzata

19900 Cottagewood Road, Deephaven

6425 Virginia Drive, Excelsior

3500 Lythrum Way, Minnetrista

805 Forest Arms Lane, Orono

1575 Long Lake Boulevard, Orono

3590 Tuxedo Road, Minnetrista

4185 Halstead Bay Alcove, Minnetrista

3135 North Shore Drive, Orono

4360 Chimo East Street, Deephaven

4900 Meadville Street, Excelsior

3141 Fairchild Avenue, Wayzata

3698 Woodland Cove Parkway, Minnetrista

5080 Meadville Street, Greenwood

Listing availability, pricing, tour participation and showing access may change. Buyers should verify current MLS details before touring.

Why the Lake Minnetonka Homes Deserve Their Own Guide

The Luxury Homes by the Water Tour is broader than Lake Minnetonka. It includes waterfront homes in multiple Minnesota markets. But Lake Minnetonka is its own category.

On Lake Minnetonka, buyers are not simply comparing homes. They are comparing lake positions.

A buyer touring Bracketts Point in Wayzata is seeing a different market than a buyer touring Cottagewood or Chimo in Deephaven. A home near North Shore Drive in Orono offers a different setting than a home near Meadville Street in Greenwood or Excelsior. A property on Halstead Bay or in Woodland Cove may offer a western Lake Minnetonka lifestyle that differs from the older, more established eastern lake markets.

That is why the Lake Minnetonka portion of the tour deserves more context than a simple list of addresses.

Wayzata Homes in the Luxury Homes by the Water Tour

Wayzata is one of the defining luxury markets on Lake Minnetonka. Homes in and around Wayzata are valued for their relationship to Wayzata Bay, downtown Wayzata, Lake Street, established estate corridors and long-term name recognition.

A Wayzata home in the Luxury Homes by the Water Tour should be understood not only as a waterfront residence, but as part of one of the most recognizable lakefront communities in Minnesota.

Buyers considering Wayzata should pay attention to:

  • Proximity to downtown Wayzata
  • Bay or main-lake orientation
  • Privacy and road position
  • Walkability
  • Docking and water access
  • Long-term scarcity of premier Wayzata shoreline

Deephaven Homes in the Luxury Homes by the Water Tour

Deephaven offers some of Lake Minnetonka’s most distinctive residential settings. Areas such as Cottagewood, Chimo, Carson Bay, St. Louis Bay and Northome have strong neighborhood identities and long-standing buyer appeal.

Cottagewood is especially recognizable for its village character, parks, tennis courts, trail access, historic store and protected water settings. Chimo offers a quieter, more tucked-away version of Deephaven lake living near Carson Bay and the Cottagewood area.

Buyers touring Deephaven homes should consider:

  • Bay location
  • Bridge clearance
  • Dock configuration
  • Shoreline usability
  • Neighborhood feel
  • Trail, park and village access
  • Minnetonka Schools context

Orono Homes in the Luxury Homes by the Water Tour

Orono is one of the deepest luxury markets on Lake Minnetonka. It includes estate properties, wooded privacy, historic lake roads, larger parcels and some of the lake’s most significant residential settings.

Homes near North Shore Drive, Forest Arms Lane, Crystal Bay, Browns Bay, Stubbs Bay and Lafayette Bay often appeal to buyers who want space, discretion and long-term land value.

For Orono buyers, the tour is an opportunity to compare not only homes, but settings. Some properties may offer open-water views. Others may offer privacy, acreage, legacy architecture or a quieter shoreline position.

Excelsior and Greenwood Homes in the Luxury Homes by the Water Tour

Excelsior and Greenwood offer a different version of Lake Minnetonka luxury. The appeal is often tied to village life, historic character, St. Albans Bay, walkability, marina access and proximity to one of the lake’s most charming downtowns.

Homes near Meadville Street, Virginia Drive and the surrounding Excelsior / Greenwood area should be evaluated for view orientation, shoreline position, access to Excelsior, privacy and the long-term scarcity of homes near this part of the lake.

For buyers who want Lake Minnetonka living with village energy nearby, this area remains one of the lake’s most compelling markets.

Minnetrista and Western Lake Minnetonka Homes in the Luxury Homes by the Water Tour

Minnetrista and western Lake Minnetonka offer a more spacious, residential and often newer-construction version of lake living. Areas near Halstead Bay, Jennings Bay, Cook’s Bay and Woodland Cove may appeal to buyers who want room, newer homes, quieter water and a less dense lake environment.

Compared with the eastern lake communities, the western lake market may offer more space and newer development patterns, while still providing access to Lake Minnetonka boating and waterfront living.

Buyers should consider:

  • Distance to Wayzata, Excelsior and downtown Minneapolis
  • Newer construction versus legacy lake property
  • Bay depth and boating patterns
  • Long-term neighborhood maturity
  • Lot size and privacy
  • Sunset views and western lake orientation

How to Tour Luxury Homes by the Water on Lake Minnetonka

The official tour allows attendees to visit multiple luxury waterfront homes in one afternoon, compare properties, experience architecture and setting firsthand, and meet listing agents and specialists.

For Lake Minnetonka buyers, the best approach is to tour with a framework.

Before visiting each home, ask:

  • Which city is this in?
  • Which bay or body of water shapes the value?
  • Is the shoreline level, elevated, sandy, riprapped or natural?
  • How usable is the dockage?
  • Is the view long, protected, west-facing, panoramic or seasonal?
  • Is the value primarily in the house, the land, the shoreline or the location?
  • How does this property compare with other Lake Minnetonka homes in the same price range?

The most impressive home on the tour is not always the best long-term fit. On Lake Minnetonka, the right purchase depends on how the property’s location, shoreline and neighborhood align with the buyer’s intended life on the lake.

Private Guidance During the Luxury Homes by the Water Tour

Daniel Gustafson of Coldwell Banker Realty provides Lake Minnetonka-specific guidance for buyers evaluating homes in the Luxury Homes by the Water Tour.

That guidance may include:

  • Bay-by-bay comparison
  • City and neighborhood context
  • Shoreline and dockability discussion
  • School district orientation
  • Long-term market behavior
  • Privacy, walkability and lifestyle fit
  • Off-market and post-tour strategy

For buyers serious about Lake Minnetonka, the tour is a starting point. The deeper work is understanding which homes have the best combination of setting, scarcity and long-term value.

FAQ: Lake Minnetonka Luxury Homes by the Water Tour

What is the Luxury Homes by the Water Tour?

The Luxury Homes by the Water Tour is a Coldwell Banker Realty event featuring luxury waterfront homes for sale. The official event page describes it as a curated luxury tour experience with waterfront residences open for one afternoon.

When is the Luxury Homes by the Water Tour?

The event is scheduled for Sunday, May 17, from 12:00 p.m. to 5:00 p.m.

Does the tour include Lake Minnetonka homes?

Yes. The event includes several Lake Minnetonka-area homes in communities such as Wayzata, Deephaven, Excelsior, Orono, Minnetrista and Greenwood.

Why focus only on the Lake Minnetonka homes?

Lake Minnetonka is one of Minnesota’s most complex luxury waterfront markets. Buyers need local context about cities, bays, shoreline, dockage, views and long-term value that a statewide waterfront tour page cannot fully explain.

Can I visit the Lake Minnetonka homes in any order?

Attendees can generally follow their own route unless a property requires a timed appointment. Buyers should verify showing instructions before touring.

Will listing agents be present?

Most homes are hosted by listing agents who can answer questions, provide disclosures and offer market insight.

Should I schedule a private showing after the tour?

For serious Lake Minnetonka buyers, yes. A private showing allows more time to evaluate shoreline, dockage, elevation, privacy, architecture, floor plan and long-term market fit.

Tour the homes. Understand the lake.

The Luxury Homes by the Water Tour offers a rare chance to see several waterfront properties in one afternoon. For Lake Minnetonka buyers, the opportunity is even more valuable when each home is understood in context — by city, bay, shoreline, neighborhood and long-term market position.

For private guidance on the Lake Minnetonka homes featured in the tour, contact Daniel Gustafson, Coldwell Banker Realty.

$4,335,000
CLOSED Status 5 Beds 6 Baths 7027075 MLS 5,276 SqFt.
Please note: This property consists of 2 parcels. Parcel 1 is 5.2.9 Acres and Parcel 2 is .74 Acres. CAUTION! You won’t want to leave… Set at the end of a quiet cul-de-sac on Hardscrabble Point, this thoughtfully designed classic Craftsman-style home is carefully tucked into the topography of a rare private peninsula on Lake Minnetonka—offering 550 feet of shoreline, sweeping panoramic views of water and light, and an unmatched sense of privacy. As you arrive, you wind past a 5.3-acre nature preserve of protected woods and wetlands—creating a natural buffer from the outside world. The setting feels intentional, almost as if it quietly invites you to leave behind the weight of the day… holding it there until you’re ready to pick it back up again. Pulling into the drive, you may find yourself pausing—as you often do—caught off guard by the shift. The stillness. The light. The subtle rhythm of the water surrounding you. Whatever it is, it’s consistent… and it’s yours. You’re home. Inside, the residence is designed to capture and reflect the ever-changing moods of the lake. Sunlight dances across the interior, refracted off the water, creating a living, breathing atmosphere that evolves throughout the day. Nearly every room is intentionally oriented to maximize mile-long views across thousands of acres of open water. With five bedrooms and six bathrooms, the home blends refined craftsmanship with relaxed livability. A main-level owner’s suite, private elevator, and open-concept living spaces offer both comfort and function. The chef’s kitchen features Thermador appliances, Cambria surfaces, and a butler’s pantry—ideal for both everyday living and effortless entertaining. Seamless indoor-outdoor living extends to a screened porch with fireplace, lakeside terrace, gas fire table, and pergola. A rare boathouse adds character and opportunity—perfect for storage or the potential to create a one-of-a-kind lakeside retreat. Additional features include an oversized three-car garage with epoxy floors, Pella windows, Kohler in-wall fixtures, backup generator, and extensive professional landscaping. This is more than a property—it’s a place where time slows, perspective sharpens, and the connection to the water becomes part of everyday life. The presence to the water here is rare. Come Home To Vacation.

3500 Lythrum Way, Minnetrista

Listing courtesy of Coldwell Banker Realty.

$1,522,200
CLOSED Status 4 Beds 5 Baths 6796893 MLS 5,269 SqFt.
Enjoy coveted deeded lake access and a private neighborhood beach and dock—just an easy 4-minute walk from the home—in the exclusive Chimo community, offering a lifestyle centered around Lake Minnetonka from the moment you arrive. Located within the highly regarded Minnetonka School District, this home blends thoughtful design, comfort, and effortless living. The chef’s kitchen is a true centerpiece, featuring Wolf and Sub-Zero appliances, Cambria countertops, generous storage, and a spacious pantry ideal for both daily living and entertaining. White oak floors warm the main living spaces, while a stunning wet bar and four fireplaces create inviting areas to gather and unwind. A main floor office with custom built-ins provides an ideal work or study space. The primary suite offers a private retreat with heated floors, soaking tub, walk-in shower, and dual sinks, complemented by additional bedrooms, upper-level laundry, and extensive custom closets for exceptional functionality. The finished lower level provides flexible space for recreation, fitness, or relaxation. Outdoors, professionally landscaped gardens, waterfalls, a composite deck, and hot tub create a serene backyard escape—perfect after a day at the lake or beach. Whole-home audio, abundant storage, and major system upgrades including a generator, filtration system, and newer mechanicals complete this exceptional offering.

4360 Chimo East Street, Deephaven

Listing courtesy of Coldwell Banker Realty.

$1,250,000
CLOSED Status 3 Beds 2 Baths 7052167 MLS 1,880 SqFt.
1575 Long Lake Blvd was the first cabin built in the neighborhood you see today. The “Albee Addition” was an Apple Orchard long before 1930's lake cabins were built. The original owner, Edna Albee, included many traditional Norwegian details into the fireplace mantle, main level bathroom mirror / tile work and dining room chandelier. The home has been meticulously maintained and improved and offers potential for your own improvements and additions. From your first step inside, you see the bright spaces and feel the care of the prior stewards have given this wonderful property. The additions are tasteful and right sized. The quality and finishes are consistent, complimenting the original character while improving the home. Notably, a new foundation and walkout lower level provide level floors and no old house creaks. This property is as much about the setting and outdoor space as the indoor spaces. It feels up north but then you remember, you are 7 minutes from Wayzata and 22 minutes from downtown Minneapolis. With 235 feet of south facing shoreline on .6 acres, the expansive and unobstructed lake view captures spectacular sunrises and sunsets from inside the house - or from any of the outdoor leisure areas. The back deck and dining deck are two very different feelings, one offering full sun, the other gives shade. The sandy beach is surrounded by rip rap and is a great spot to relax with your feet in the water or go for a swim. The lower patio offers a similar view to the upper deck, but the saltwater hot tub promotes relaxation. The secluded fire pit sits near the forest, surrounded by a flat stone patio with large stone benches and a peaceful view of the lake. And finally, relaxing on the dock is quintessential lake living. The lake side does offer a fairly flat area for yard games. Keep an eye out for Bald Eagles, turtles, hummingbirds, swans and loons. Mulberries, rhubarb and onion grass grows on the hill, next to the garage.

1575 Long Lake Boulevard, Orono

Listing courtesy of Coldwell Banker Realty.

$768,500
CLOSED Status 4 Beds 5 Baths 6746034 MLS 3,494 SqFt.
Welcome to this truly one-of-a-kind estate with a guest house and hobby farm nestled on the serene shores of Howard Lake, just 30 miles west of Ridgedale Mall. This extraordinary property offers the perfect blend of lakefront living, country charm, and modern comfort. Set on 4.7 acres of beautifully landscaped perennial gardens and mature trees for ultimate privacy, it features 118 feet of pristine lakeshore and breathtaking views from one of the highest points on the lake. The completely renovated main residence boasts over 3,000 square feet of thoughtfully designed living space, including a spacious main-level owner’s suite, gourmet kitchen, a cozy sunroom with stunning lake views, an indoor sauna, walk-out lower level and an open-concept floor plan ideal for entertaining. A covered breezeway connects the home to a 3-car detached garage. The charming original guesthouse has been completely updated and features an eat-in kitchen, living room, a main-level bedroom, plus a loft -perfect for guests or extended family. At the heart of the property is the stunning 1890s barn, thoughtfully repurposed into a multi-functional space with a woodshop, machine shop, original stables and an artist’s studio, all while preserving its original open-air upper level. Additional features include a new roof, geothermal heating and cooling, a dock, chicken coop and abundant outdoor living spaces to enjoy year-round. Howard Lake is a fantastic recreational lake, perfect for enjoying all your favorite summer activities -boating, kayaking, paddleboarding, and more. In the winter, the lake transforms into a wonderland for ice fishing, skating, and a variety of other cold-weather adventures. Septic system is compliant. This is a rare opportunity to own a truly special property that combines natural beauty, historic character, and modern amenities.

8847 47th Street SW, Howard Lake

Listing courtesy of Coldwell Banker Realty - Southwest Regional.

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