New listing$1,895,000
342 Ferndale Road N · Wayzata
5 bd4 ba4,820 sqft
The neighborhood
What Deephaven is actually like to live in
Deephaven is the settled, old-money side of the lake. The trees are tall, the lanes are narrow, and the families have often been here a generation.
It sits in the Minnetonka 276 district, which is a big reason younger families buy here and stay. You get lake proximity without Wayzata's price-per-foot.
Many homes carry deeded dock rights even when they are not directly on the water, which is the detail I always check first for buyers here.
It is a short hop to the channel and to both Wayzata and Excelsior for dinner. You get the location without living in the middle of the crowd.
On the market
Homes for sale in Deephaven right now
A live look at what’s moving, pulled from NorthstarMLS. The full IDX search opens once the feed is wired in — for now these are representative of the Deephaven market.
New listing
Price reduced$1,249,000
18 Bracketts Point Road · Orono
4 bd4 ba3,610 sqft
Just sold$2,650,000
205 Lake Street · Excelsior
5 bd5 ba5,240 sqft
New listing$624,900
9411 Preserve Trail · Eden Prairie
4 bd3 ba2,940 sqft
The lifestyle
What it’s like to live here
Schools
- Minnetonka ISD 276 — strong, well-funded district
- Deephaven Elementary, walkable for many
Commute
- 15 min to I-394
- 25 min to downtown Minneapolis
Parks & Trails
- Thorpe Park
- Carsons Bay access
- Minnehaha Creek headwaters nearby
Dining
- Excelsior, five minutes south
- Wayzata, ten minutes north
- Lakeside seasonal spots
From Bryce
“Deephaven is my pick for a family that wants the lake and the Minnetonka school district without the Wayzata sticker. The move I make for buyers here is checking the dock rights — some lots have them, some don't, and it changes the value more than the square footage does.”
Bryce Caldwell · RE/MAX Results · Deephaven specialist
Local knowledge
Bryce’s picks in Deephaven
Park
Thorpe Park
Neighborhood ballfields and courts, always in use.
Google 4.6
Waterfront
Carsons Bay
Protected, calm water — great for young kids on the lake.
Local favorite
School
Deephaven Elementary
The reason a lot of my buyers pick this side of the lake.
Highly rated
Good to know
Common questions about Deephaven, MN
What is the median home price in Deephaven MN?
The median list price in Deephaven is approximately $1,350,000 as of June 2026, according to NorthstarMLS. Lakefront properties command a significant premium above that figure.
What school district is Deephaven MN in?
Deephaven is served by Minnetonka Public Schools, Independent School District 276 — one of the most sought-after districts in the west metro.
Is Deephaven MN a good place to live?
Yes — Deephaven offers mature, quiet streets, the Minnetonka 276 school district, and lake access, often with deeded dock rights. It is more established and slightly less expensive per square foot than Wayzata.
Market report
Deephaven market update — June 2026
28
Active listings
61 days
Avg days on market
$564/sqft
Price per sq ft
$1,350,000
Median list price
Deephaven turns over slowly — homes stay in families here, so 28 active listings is a full market. Dock-right properties get the most attention and the fewest price reductions.
Source: NorthstarMLS · Updated June 2026
Local intel
Living in Deephaven
Everything about Deephaven and the lake around it — the schools, the water, the trails, and where to eat.
Things to do
Big Island Nature Park: The Boat-Only 56-Acre Park With Amusement-Park History
A 56-acre Orono nature preserve you can only reach by private boat — with ADA-accessible trails, a beach, and a wild past as an early-1900s amusement park and a veterans camp.
6 min read
Lake life
The Streetcar Boat Minnehaha and Excelsior's Streetcar History, Explained
The Minnehaha is a 1906 streetcar boat built to meet Twin City Rapid Transit trolleys at Excelsior and Deephaven. Here is its story — and the honest reason it is not sailing in 2026.
7 min read
Trails & parks
The Dakota Rail Trail: A 15-Mile Paved Ride Through 7 Lake Minnetonka Towns
A fully paved, flat 14.84-mile rail trail linking Wayzata, Orono, Minnetonka Beach, Spring Park, Mound, Minnetrista and St. Bonifacius — and where to stop for food along the way.
6 min read
Schools
Which School District Is My Minnetonka Address In? (It Could Be Any of Three)
The city of Minnetonka is split across three school districts — Minnetonka 276, Wayzata 284, and Hopkins 270 — so two houses on the same street can feed different schools. Here is how to check before you write an offer.
6 min read
Waterfront guide
The Best Bays to Buy On Lake Minnetonka — A Local's Ranking
Lake Minnetonka is really a chain of bays, each with its own price, boat traffic, and feel. Here's how I steer waterfront buyers to the right one.
7 min read
Lake life
The Best Bays to Buy On Lake Minnetonka: A Bay-by-Bay Guide
A bay-by-bay ranking of where to buy on Lake Minnetonka — the deep-water resale bays (Lower Lake North, Lower Lake South, Smithtown), the walkable prestige bays (Wayzata, Browns, Excelsior), and the quiet no-wake coves — with real depth numbers and price anchors.
8 min read
Nearby
Neighborhoods near Deephaven
Wayzata
from $900KWalkable downtown, lake access two blocks from dinner, and the #1 school district in Minnesota.
Excelsior
from $650KA true village on the water — porches, sailboats, and patio suppers walkable from home.
Minnetonka
from $600KMature, leafy, and central — the reliable move-up address with the 276 schools.
Buying in Deephaven
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