Most Expensive Homes on Lake Minnetonka

Contact David Gooden & Co with any questions about the Lake Minnetonka real estate market.

A $68 million mansion on Lake Minnetonka is set to break records as the most expensive home ever sold in Minnesota. This expansive estate, located on an 8-acre property with 655 feet of waterfront, features 29,000 square feet of living space, including eight bedrooms, 17 bathrooms, and luxurious amenities like a spa, home theater, and multiple guesthouses. The home’s design blends various architectural styles and uses high-end materials, such as $750,000 worth of Italian marble. This property aims to redefine luxury real estate in Minnesota.

Unfortunately, this $68M Lake Minnetonka mansion, located at 2770 Gale Road, Woodland, MN is currently a “non-MLS” listing so we can’t offer you a virtual tour of the home, 8 acres of land and 655 feet of Lake Minnetonka lakeshore (it took 2 years to design and 5 years to build) here at David Gooden & Co – however, we did put together a great list of the most expensive lake homes ever sold on Lake Minnetonka (per Northstar MLS data).

1.

1400 Bracketts Point Road
Orono, MN 55391 | Map

1. 1400 Brackets Point Road, Orono, MN

7 bedrooms, 13 bathrooms, 25,297 finished square feet

List Price: $12,700,000
Sold Price: $11,327,240
Closed Date: 08/27/2018
Annual Property Taxes: $147,262 (2017)

Rich in history and meticulously restored, Southways, also known as The Pillsbury Estate, stands as a significant landmark on Lake Minnetonka. As Mrs. Pillsbury once remarked, “A house can be elegant without being ostentatious,” a sentiment reflected in the estate’s timeless design and sweeping views of Bracketts Point. With its elegant style and graceful presence, the estate offers both west and east views across the lake, all while being conveniently located near Wayzata and downtown Minneapolis.

Note: Sadly, the Pillsbury Estate was ultimately torn down, as the land was more valuable than the improvements. It was split into 5 large, buildable lake lots.

2.

2209 Huntington Point Road E
Minnetonka Beach, MN 55391 | Map

2. 2209 Huntington Point Road E, Minnetonka Beach, MN

5 bedrooms, 7 bathrooms, 8,374 finished square feet

List Price: $10,450,000
Sold Price: $10,375,000
Closed Date: 08/02/2021
Annual Property Taxes: $89,256 (2021)

This extraordinary Lake Minnetonka estate offers unparalleled craftsmanship with meticulous attention to detail throughout. Set on 1.35 private acres with over 160 feet of level shoreline, the home boasts breathtaking water views from nearly every room. The thoughtfully designed layout includes both formal and informal spaces, with French doors leading to a beautifully landscaped backyard. The expansive Owner’s suite features a luxurious walk-in closet, spa-like bath, and a private deck with stunning lake views. Additional highlights include a large guest suite, three junior bedrooms with shared deck, and extensive outdoor living areas, including a stone patio, pool, and family room with a fireplace. The property also includes a six-car garage, a separate heated and air-conditioned garage, and a storage outbuilding for boating and pool accessories.

3.

555 Bushaway Road
Wayzata, MN 55391 | Map

3. 555 Bushaway Road, Wayzata, MN

7 bedrooms, 9 bathrooms, 6,001 finished square feet

List Price: $12,500,000
Sold Price: $10,030,000
Closed Date: 06/22/2018
Annual Property Taxes: $95,981 (2017)

For the first time since 1938, this remarkable 6.973-acre homesite is available, offering 538 feet of pristine, west-facing shoreline on Lake Minnetonka in the highly desirable Wayzata Bay area. The property presents a unique opportunity, with verbal approval for a potential three-lot subdivision, or it can be kept as a single parcel. The existing two-story cottage, designed with an inviting East Coast flair, has been lovingly maintained and embodies the essence of lakefront living. This is an extraordinary chance to own a piece of Lake Minnetonka’s history.

4.

405 Bushaway Road
Wayzata, MN 55391 | Map

4. 405 Bushaway Road, Wayzata, MN

5 bedrooms, 7 bathrooms, 6,775 finished square feet

List Price: $10,995,000
Sold Price: $10,000,000
Closed Date: 12/15/2023
Annual Property Taxes: $73,111 (2023)

This stunning contemporary home, crafted by John Kraemer & Sons, offers a west-facing view on Wayzata Bay with 125 feet of perfectly elevated shoreline, landscaped for privacy. The home features expansive windows that provide breathtaking views of Lake Minnetonka and sunsets. The main living areas are on the ground floor, accessible by an elevator, with a kitchen boasting double islands and a hidden catering pantry. The primary suite, an elegant blend of stone and wood, includes a spacious closet and private laundry. The lower-level walkout is perfect for entertaining, featuring a bar, media room, and a spa with a sauna and steam shower. With four bedrooms, two of which have ensuite bathrooms, and a prime location with walking paths to Wayzata, this home is a rare find that will impress the most discerning buyer.

5.

3400 Fox Street
Orono, MN 55356 | Map

5. 3400 Fox Street, Orono, MN

4 bedrooms, 7 bathrooms, 12,129 finished square feet

List Price: $10,000,000
Sold Price: $9,000,000
Closed Date: 10/26/2022
Annual Property Taxes: $79,219 (2022)

This extraordinary Lake Minnetonka estate is set on a private 7-acre peninsula, boasting 1,300 feet of shoreline on both Maxwell Bay and Stubbs Bay. With its expansive rolling lawns and stunning sunset views, this property offers a truly rare opportunity to own a significant piece of lakefront real estate. The contemporary home is primed for extensive renovation or to become your dream lakeside retreat. Additionally, a separate guest house is situated right on the water’s edge, adding to the estate’s allure.

6.

920 Shady Lane E
Wayzata, MN 55391 | Map

6. 920 Shady Lane E, Wayzata, MN

5 bedrooms, 7 bathrooms, 12,093 finished square feet

List Price: $10,250,000
Sold Price: $8,850,000
Closed Date: 01/15/2009
Annual Property Taxes: $46,987 (2008)

“Sold Before Print”

7.

3350 Fox Street
Orono, MN 55356 | Map

7. 3350 Fox Street, Orono, MN

5 bedrooms, 8 bathrooms, 15,858 finished square feet

List Price: $9,499,000
Sold Price: $8,800,000
Closed Date: 02/25/2022
Annual Property Taxes: $99,944 (2021)

Following a complete interior remodel completed in 2013, this estate saw a significant transformation, including a 5,000-square-foot addition. The newer pool house, measuring 24″x 21″, features phantom screens, a bar, a private shower/bath area, and a stunning fireplace, all overlooking the pool and Lake Minnetonka. The resort-style pool and entertainment areas were professionally redesigned to echo the grandeur of The Palace of Versailles Gardens. Notably, the property received a significant tax reduction in 2021. A world-class combination of timeless design and craftsmanship, this private sanctuary offers modern conveniences with breathtaking water views and over 700 feet of southwest-facing shoreline on Maxwell Bay. The estate boasts a gourmet kitchen, a palatial master suite, and meticulously manicured gardens, making it a rare offering of luxury and elegance.

8.

553 Harrington Road
Wayzata, MN 55391 | Map

8. 553 Harrington Road, Wayzata, MN

8 bedrooms, 8 bathrooms, 9,425 finished square feet

List Price: $8,995,000
Sold Price: $8,750,000
Closed Date: 06/29/2022
Annual Property Taxes: $77,069 (2022)

This one-of-a-kind historic lakeshore estate, located behind the private Harrington Road gates, spans 2 acres and offers a rare blend of history and potential. Situated within walking distance of downtown Wayzata, the estate features approximately 180 feet of premium south and southwest-facing shoreline, with a lakeside terrace atop the boathouse offering expansive views of the lower lake. The property is adorned with mature trees and gardens, and the home is perfectly positioned to maximize the surrounding landscape and views, making it ideal for preservation or creating a new dream estate.

9.

2515 Cedar Point Drive
Woodland, MN 55391 | Map

9. 2515 Cedar Point Drive, Woodland, MN

5 bedrooms, 8 bathrooms, 8,842 finished square feet

List Price: $8,995,000
Sold Price: $8,715,000
Closed Date: 06/23/2022
Annual Property Taxes: $100,743 (2024)

This exceptional custom-built lakefront home on Wayzata Bay, located in the highly sought-after Woodland area, sits on over 2 acres of beautifully integrated natural and landscaped grounds. The home exudes classic craftsmanship with a coastal flair, making it ideal for entertaining both indoors and out. Expansive floor-to-ceiling windows and an open living concept frame the stunning scenery and panoramic lake views from nearly every room. Designed for multi-generational living, the property includes an attached guest house with a full kitchen, a separate entrance, a screened porch, and a two-car garage. The beautifully landscaped grounds feature mature perennial gardens, a level lawn perfect for lakeside activities, over 240 feet of private sandy beach, and a partial riprap shoreline. An oversized six-car garage provides ample space for additional vehicles and lake toys, offering the ultimate Lake Minnetonka lifestyle just minutes from downtown Wayzata.

10.

3017 North Shore Drive
Orono, MN 55391 | Map

10. 3017 North Shore Drive, Orono, MN

5 bedrooms, 7 bathrooms, 10,077 finished square feet

List Price: $8,495,000
Sold Price: $8,584,250
Closed Date: 05/19/2023
Annual Property Taxes: $89,598 (2023)

This spectacular south-facing site on Lake Minnetonka’s Crystal Bay boasts 330 feet of pristine shoreline, where a stately 9,000-square-foot residence, built by Swanson, commands breathtaking views from every room. The home is designed to immerse you in the natural beauty of the surroundings, with each space offering a distinct connection to the water. The serene setting overwhelms the senses, calms the heart, and clears the mind, allowing you to fully appreciate the harmonious meeting of land and water, a true testament to nature’s artistry.

These are the 10 most expensive lake homes ever sold on Lake Minnetonka. They showcase a blend of architectural grandeur, luxurious amenities, and breathtaking views. These estates feature sprawling square footage, private sandy beaches, and extensive shorelines. Notable sales include properties with unique features like guest houses, resort-style pools, and meticulously landscaped grounds inspired by European palaces. The blend of historical significance and modern luxury underscores Lake Minnetonka’s status as one of the countries most prestigious locations for upper bracket real estate. If you are interested in buying or selling a Lake Minnetonka luxury home, please contact David Gooden & Co.

David Gooden | Lake Minnetonka Realtor

Of Interest:

The data relating to real estate for sale on this site comes in part from the Broker Reciprocity program of the Regional Multiple Listing Service of Minnesota, Inc.