Minnetonka Real Estate

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Minnetonka Real Estate & Homes for Sale in Minnesota

The former mill town of Minnetonka is a suburban community located eight miles west of Minneapolis in Hennepin County. Its population of approximately 52,000 makes it the thirteenth largest city in Minnesota. The community offers convenient access to a number of big-city amenities while preserving a safe, quiet small-town atmosphere. Beautiful parks and public spaces are scattered throughout the community, intermixed with friendly neighborhoods and storefront streets. Live entertainment, fine dining, cafes, boutiques, and shopping malls can also be found. In addition, Minnetonka boasts an outstanding educational system and a technologically advanced transportation network, making commuting in and out of the city a breeze.

Minnetonka’s rich history is preserved in historical sites such as the five-acre Charles H. Burwell Historic Site, which hosts exciting annual events and is home to the Minnetonka Historical Society Museum. For outdoor recreation, nearby Lake Minnetonka provides opportunities for fishing, boating and hiking, among many other recreational activities. The city’s proximity to Minneapolis provides even more opportunities for cultural enrichment, education, recreation and employment. Minnetonka’s real estate market is diverse, with many affordable homes in attractive neighborhoods being the major draw for new residents. If you’re seeking a thriving community that is close to a major metropolitan area, look no further—Minnetonka and its many beautiful family-friendly neighborhoods are the ideal place to call home.


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Minnetonka Real Estate Info: Prices of Minnetonka Homes for Sale


Minnetonka's real estate market is very diverse. Tall, lush trees and well-landscaped yards accent this city's many housing options, which range from condominiums and townhouses to single-family homes of all sizes. Three-bedroom homes with basements, fireplaces and spacious backyards range in price from $200,000 to $600,000 and more. Larger homes range in price from $600,000 to $900,000, while prices for magnificent estate properties in upscale neighborhoods can exceed $1 million depending on amenities, views and location. Condominiums and townhouses are readily available and are usually priced from the mid-$100,000s to $400,000 and more.

View Current Rates
-- Jan 27th, 2012 --
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 30 yr. fixed rate: 3.89%
 15 yr. fixed rate: 3.22%
 30 yr. jumbo rate: 4.43%
 15 yr. jumbo rate: 3.69%
Average Prices of 3 Bed Homes
-- Jan 27th, 2012 --
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 2 Years Ago  $397,000
 1 Year Ago  $296,000
 6 Months Ago   $288,000
 1 Month Ago  $277,000
 Today  $300,000

Minnetonka MN Real Estate for the week of January 23rd, 2012: homes priced around $300,389 compared to $278,230 the previous week, showing a increase of more than +7%.  For Thursday, January 26th, the current national mortgage rate for a 30 year fixed mortgage is 3.92%; the 15 year fixed rate is at 3.24%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.46%, while the 15 year jumbo rate currently is at 3.72%. You can calculate your mortgage rate with our mortgage calculators.  Get local info and homes for sale in Minnetonka MN. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures in Minnetonka, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes in Minnetonka, Minnetonka neighborhood information, crime stats, home values, and schools in Minnetonka to help you find the best home!


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