Most expensive houses on Lake Minnetonka

DANIEL & ELISHA GUSTAFSON present the most expensive houses on Lake Minnetonka! is your source to view them!  We present for your viewing pleasure, the biggest homes, largest mansions, cribs on the Lake both from a sold perspective according to NorthstarMLS, as well as the current listings of the most expensive houses on Lake Minnetonka!

Thinking about buying or selling one of the biggest houses on Lake Minnetonka?  Call Daniel Gustafson at (952) 473-1000 when you need expert advice navigating the Lake Minnetonka Real Estate market.


Buying and selling property at this level is clearly different, and you can rely on Dan Gustafson and the Coldwell Banker Burnet network to help you market and move your property at the very upper bracket. You can also request a Comparative Market Analysis, and view NON MLS Lake Minnetonka listings and Lake Minnetonka Lots for Sale!


For locals, you’ve heard the names of the most expensive streets in the Lake Minnetonka area for years: Ferndale, Bracketts Point Road, Bohns Point Road, Harrington Road, Woolsey Lane… as well as Wayzata Bay, Maxwell Bay, Browns Bay as just a few examples. For those not familiar with the area, it’s hard to know exactly what to expect. These are a bit different from the Lake Minnetonka Celebrity Homes tour too. Now get ready for the most expensive single family home transactions on Lake Minnetonka including the $54 million former Pillsbury estate located at 1400 Bracketts Point Road known as the Southways Estate, the the most expensive house in Minnesota:

  • 1400 Bracketts Point Road, Orono / Southways Estate - Much has been made in the local press about the Southways Estate and it's demise. People were very sad to the see the historic Southways Estate be subdivided and razed in the fall of 2018 - 100 years after it was originally built. The property makes our list of most expensive homes for sale on Lake Minnetonka on four separate occasions with a combined 2493 days on market as a home for sale. That's over 6.5 years on the market in modern times. With 32,461 square feet, 16 bathrooms and 9 bedrooms the historic structure will not be forgotten even as it no longer stands. Southways was listed for as much as $53,500,000 with 14 acres and sold on August 27th, 2018 for $11,327,240 with 5.42 acres of land.

  • 1700 Shoreline Drive, Orono - Built in 1939, this historic mansion on Lake Minnetonka boasts 12,874 finished square feet, 6 bedrooms, 10 bathrooms on over 32 acres. It is / was owned by Irwin Jacobs and had frontage on Lake Minnetonka both on Tanager Lake and Smith Bay. The 299 day listing by Coldwell Banker Burnet describes the property as one of the most extraordinary and desired estates on Lake Minnetonka. It was offered for $22,000,000.

  • 825 Old Crystal Bay Road, Orono - Built in 1995 on 23.2 acres this homes has 10,059 square feet, 5 bedrooms, 5 baths, and an 8 stall garage. The listing describes the property as one of the last large Lake Minnetonka estates with over 820 feet of frontage on Maxwell Bay. Asking price? A cool $18,500,000 with 135 days on market and no buyer. More recently the property has been subdivided and sold in smaller parcels.

Now that you have seen 3 of the most expensive houses on Lake Minnetonka from a historical perspective, take a look at the most expensive active, pending, and sold listings below:

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2024 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.