Buying luxury property is a daunting task — and when you’re working with an area filled with Lake Minnetonka luxury homes, the options can seem endless. Boasting over 100 miles of shoreline and 14 towns built adjacent to it, there’s no shortage of luxury property around Minnesota’s ninth-largest lake. We’re here to help you understand how to get the most value out of your next luxury property on Lake Minnetonka.
What is Luxury Property and How Does Lake Minnetonka Fit the Bill?
Generally speaking, luxury property describes a home situated in a prime location, constructed with the finest materials and close to high-end amenities. Sometimes these properties come with larger acreage and are closer to natural beauty.
If these are items on your must-have list, Lake Minnetonka luxury homes should be on your radar. Nearly every town nestled on the lake’s shores offers a quaint shopping district with something to do for family members of all ages.
Consider the different types of Lake Minnetonka luxury homes
There are plenty of luxury properties near Lake Minnetonka to choose from. Depending on the size of your family, your lifestyle and the kind of home that’s right for you, there are a few distinct options to consider.
- Condos: If you like the appeal of less maintenance and proximity to city attractions, a luxury condo on the lake might be a good option for you.
- Single-family homes: The Lake Minnetonka area has a thriving real estate market full of luxury home options for families of all sizes.
- Custom homes: An often overlooked option for luxury home ownership is custom home building. Start from scratch and design the home of your dreams on the lot of your choice with help from a custom home builder of Lake Minnetonka.
Some neighborhoods offer a mix of luxury options. For example, In Orono’s Lakeview neighborhood on Lake Minnetonka’s north shore, you can pick between model and custom-built homes. The average lot size in this neighborhood is 2.5 acres and each is surrounded by conservation land.
Pick a Few Towns to Focus Your Search On
Part of the fun in finding a perfect luxury property on Lake Minnetonka is getting to know the towns that line the lake’s shores. From downtowns with high-end shopping scenes to award-winning school districts, there’s a lot to choose from in the Lake Minnetonka area.
If you’re in the beginning stages of finding a luxury home for sale near Lake Minnetonka, here are a few towns you’ll want to check out. Each offers its own unique benefits, so take time to learn what advantages they’d offer to you and your family.
Wayzata: Close to Minneapolis, Wayzata makes a great option for people who commute into the Twin Cities and want to have easy access to big-city life. Boating enthusiasts will love the convenience of this town’s marinas.
Excelsior: On the lake’s southern shores, Excelsior boasts a vibrant community and thriving shopping scene. It’s a little further away from the city than Wayzata, but still provides easy access to major interstates.
Mound: On the western side of the lake, Mound offers quaint, small-town charm. Access to Minneapolis is slightly more limited in this area as it’s tucked further back from the interstate.
Orono: If you want a perfect balance of city and rural, Orono makes a great case for luxury living on Lake Minnetonka. Less developed than some of its counterparts, Orono has room to grow while still offering easy access to the Cities.
Build a List of Must-Have Features
Every house hunter needs a list of must-have features. If you haven’t created yours yet, take time to consider the needs this new luxury property has to fulfill. Once you’ve narrowed down an area of the lake you’d like to focus on, consider the locational must-haves. Do you want waterfront access? Proximity to shopping? Natural beauty? Then, consider the needs your actual home must meet. Floor layouts, number of bedrooms and acreage are all factors you’ll want to consider during this process. Keep in mind that working with a home builder to create your very own custom home is an option!
The Lakeview neighborhood of Orono is made up of 46 unique lots, all of which offer plenty of space and privacy. Cross every item off your wishlist by working with one of our three featured home builders to design and create a home that’s literally tailor-made for your family.
Lakeview also puts you a short distance away from the lake and blocks from the North Arm and Maxwell Bay boat launches. Crystal Bay will be you and your family’s launching point into Minnesota’s most popular lake.
Wherever your search for luxury property near Lake Minnetonka takes you, know that the Lakeview Orono team is always here to help you find your perfect home. If the idea of designing your own dream home is something you’d like to pursue, read about our process or get in touch with a team member today.