Greenwood Homes For Sale

This community is situated on the shores of Lake Minnetonka, giving residents the opportunity for awesome recreational activities right outside their front door. Plus, with the quaint city of Excelsior located nearby, residents are just minutes from some of the best lakeside dining in the Twin Cities. Check out our listings of homes for sale in Greenwood, or continue reading to see what else the city has to offer.

Median Home Price: $877,660



Situated about beautiful St. Alban’s Bay on Lake Minnetonka, Greenwood is filled with amazing recreational opportunities for residents. Being on the lake, residents can enjoy everything from water-skiing in the summer to ice fishing in the winter. Greenwood is also home to the Old Log Theater, and is just a short drive from Excelsior, which is filled with awesome things to see and do as well!


Greenwood gives residents easy access to everything from boutique stores to bike shops and more. Whether you’re looking for books, clothing, gifts, food, or something special just for you, you’ll find the perfect store near Greenwood.


If you’re hungry in Greenwood, you have a plethora of delicious options readily available to you. From Cast & Cru’s spectacular dishes served in the Old Log Theater to fantastic lakeside dining experiences at Bayside Grille and Maynards, and everything in-between. There’s something for every palate around Greenwood.


From comprehensive recycling to community cleanup events, the residents and leaders of Greenwood are working towards a sustainable future for the area. Visit the city’s website to learn more about events and programs.


Greenwood’s residents rely on the Minnetonka Public School District #276 for all educational services and resources. With comprehensive professional development programs for high school students and testing results over both state and national averages, district #276 is a wonderful place to learn and grow.


Metro Transit and Southwest Metro Transit provide public transportation for the residents of Greenwood. Park and Ride lots offer a simple and reliable transportation alternative to private commutes into the downtown districts of the Twin Cities.

Local Government

As a statutory city, Greenwood operates under a weak-mayor/council form of government. The city council consists of the Mayor and four councilmembers and meets once a month in Deephaven to oversee the city’s operations and legislative duties.

City History

Greenwood, which was officially founded in 1956, grew along the shores of Lake Minnetonka as a luxury residential area just outside of Excelsior, Minnesota. Today, this fantastic community is home to around 700 residents and some of the most pristine lakeshore property in the state.

About Excelsior

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