Minnetonka Real Estate

Description of the image

Located just eight miles west of Minneapolis, Minnetonka is a suburban city in Hennepin County. Home to approximately 52,000 people, the city is the 14th largest city in the state.

Shopping and Dining
The Ridgedale Center is home to some of Minnetonka’s finest shopping, dining, and entertainment establishments. A variety of stores, including: Nordstrom, Macy’s, Abercrombie & Fitch, Lids, Apple, and New York & Co., line the halls of the Ridgedale Mall. Hungry shoppers can sate their appetites at Origami Sushi, The Cheesecake Factory, Chipotle, or Macy’s Lakeshore Grill. The Redstone American Grill is an upscale, local favorite that features scrumptious seafood, chicken, and steaks. Don't miss other strip centers that are contiguous that include Dick's Sporting Goods, Whole Foods, Toy R Us, Byerly's, Super Target, Best Buy, Office Max, and the 394 automobile row of Sears (Mercedes), Ford, BMW, Chevy, Lexus, Nissan and more.
You'll find the Glen Lake area of Minnetonka (Excelsior Blvd & Williston Rd) to be great neighborhood shopping featuring Kowalskis, The Gold Nugget, Unmapped Brewery, many convenience stores and The Copper Cow, coming in 2018.
Another charming area is Minnetonka Mills (Minnetonka Blvd & Plymouth Rd) with its rich history of the Burwell House, Burwell School, the mill that was on Minnehaha Creek, the old City Hall, and right on one of the regional bike trails. It includes a coffee shop, local gift store, Dairy Queen, and Bennis Food & Fuel.
Ty Abel's Corners (Minnetonka Blvd & County Rd 101) has a great history as a gateway to Lake Minnetonka. A quaint shopping area with Spasso and Snuffy's Restaurants, Caribou Coffee, Ace Hardware, Lifetime Fitness, Leighton's Garage, Lakewinds Natural Foods, and a short walk to Counselor Realty Deephaven Office. Groveland Elementary is part of this vibrant shopping area.
7 HI (Highway 7 & County Rd 101) has been know as the corner because of the history of the long gone drive in theater & shopping center. They have been replaced and expanded to include a Super Target, Cub Foods, Caribou Coffee, MGM Liquors, Walgreen Drug, Northern Tool and many more retail establishments. Pick up quick stuff to eat at the DQ, Subway, Wendy's or Arby's plus the great restaurant of Old Chicago with over 100 beer choices.
Several other small shopping areas are at Cedar Lake Rd & Hopkins Crossroads where there are great eating establishments for ribs, deli, pizza, and more. Check out the local bike shop. Also the Opus area at County Rd 62 and Shady Oak have many great restaurants including Campiello, Jimmy's, Scoreboard, and Woody's. I think this has the two closest Caribou Coffees in the USA, they look at each other.

Parks and Recreation
The city of Minnetonka has five community parks, 44 small neighborhood parks, and forty miles of trails for running, walking, and bicycling. The city also constructs and operates a number of hockey and ice-skating rinks in the winter. The City Hall (Minnetonka Blvd & Williston Rd) have access to Minnehaha Creek, a band shell, two indoor hockey rinks and a city health club. Some of the large Minnetonka parks are Lone Lake Park, Shady Oak Beach Park, Big Willow Park (great ballfields & soccer),Glen Lake Golf & Practice Center, Kelly Gardens Park, Jidana Park, and Gro Tonka Park. Many of the parks have tennis courts, walking paths, biking trails, ballfields, sliding hills and more great fun. Approximately 10 miles north of Minnetonka in Plymouth lies the Three Rivers Park District, which features a variety of exciting activities, including: cross country skiing, downhill skiing, golf, disc golf, horseback riding, and more. Gray’s Bay Marina allows boat access to Lake Minnetonka and as a resident of Minnetonka you can get on a list for a boat slip. Lake Minnetonka is a change of lakes and bays with over 110 miles of shoreline.
Living Gorgeous neighborhoods and parks, along with a multitude of economic opportunities, make Minnetonka an ideal place to live and invest in real estate. Living in Minnetonka means a high quality, suburban lifestyle coupled with easy access to the thriving Twin Cities.
Some of the largest companies in the United States, and Minnesota, call Minnetonka home. Cargill Headquarters (United States largest private held company) is located on McGinty Rd and Carlson Companies (Radisson Hotels) is just 2 miles away on 394. The Opus Complex has United Health Care Headquarters and as well as multiple corporate offices.
Minnetonka has a number of independent subdivisions, such as Sherwood Forest, Bent Tree, Sparrow Road Area. Temple Village, Tullamore Glen, Royal Hills, Clarion Hills, Sommerset Knolls, Meeting Street, Holdridge, Cheyenne Hills, Copperfield, Westerness, Holiday Hills, Tonka Woodcroft and the newest shared area with Wayzata, Locust Hills, with lakeshore lots and custom home builders of Keith Waters, Steiner Koppelman, and Larry Cramer. Median house price in 2011 were $233,000 with 2% of the sales new construction and 35% condos & townhouses.

Schools, Health, Transportation
The children of Minnetonka are served by three separate school districts: the Hopkins School District, the Minnetonka School District, and the Wayzata School District.
The North Memorial Clinic, located near the Ridgedale Center, offers a variety of medical services to the area, including: laboratory tests, x-rays, minor surgeries, check-ups, and more. The Park Nicollet Clinic offers medical care and urgent care services in 45 different medical specialties with one at Interstate 394 & Carlson Parkway. Closest area hospitals are Methodist, North Memorial, and Fairview Southdale.
Minnetonka residents can ride around town and into downtown Minneapolis on the Metro Transit bus system. Park-and-ride lots are located along I-394 within the Minnetonka city limits. Domestic and international travelers fly out of the Minneapolis-St. Paul International Airport, just 20 minutes from Minnetonka.

Lakes Area Realty
Edina Realty, Inc.
National Realty Guild

Minnetonka - Town vs. County Stats

Avg Price in Minnetonka: $670,700 / County Avg $641,200


Avg Taxes in Minnetonka: $6,000 / County Avg $5,800


Avg Sq. Ft. in Minnetonka: 2,717 / County Avg 2,359


Avg Price per/sqft in Minnetonka:$247 / County Avg $272


Avg Walkscore in Minnetonka: 25 / County Avg 43


Avg Year Built in Minnetonka: 1981 / County Avg 1973


Avg Days on Website in Minnetonka: 43 / County Avg 54


Minnetonka Real Estate Market Health

New Listings
Short Sales