Minnetonka Homes under $400,000

Welcome to Minnetonka, Minnesota—a vibrant city nestled in the heart of Hennepin County, where suburban charm meets natural beauty. Known for its picturesque lakes, lush parks, and a strong sense of community, Minnetonka is a perfect place for families, young professionals, and retirees alike. With its excellent school district, abundant recreational opportunities, and a variety of shopping and dining options, this city truly has something for everyone.

One of the most appealing aspects of Minnetonka is its diverse real estate market, particularly for those looking for homes under $400,000. Whether you’re a first-time homebuyer or seeking to downsize, you’ll find a range of options that cater to your needs. From cozy single-family homes to modern townhouses, there are properties that combine comfort and affordability without compromising on style.

Imagine enjoying your morning coffee on a sunlit patio, surrounded by the serene beauty of nature. Many homes in this price range feature spacious backyards, perfect for summer barbecues or quiet evenings under the stars. Plus, with easy access to major highways and public transportation, commuting to nearby Minneapolis and St. Paul is a breeze.

Living in Minnetonka also means embracing an active lifestyle. With over 1,000 acres of parkland and numerous trails, residents can indulge in hiking, biking, and water activities on the stunning lakes. Don’t miss the chance to explore this enchanting city and discover your dream home in Minnetonka, where community spirit and affordability come together harmoniously.

Newest Minnetonka Homes under $400,000

10211 Cedar Lake Road Unit 115, Minnetonka

$116,900

1 Beds ⋅ 1 Baths ⋅ 7158412 MLS

This beautifully renovated 1-bedroom, 1-bathroom condo at Cedar Ridge of Minnetonka offers modern comfort and style in an easy-to-maintain space. Enjoy an updated kitchen, formal dining area, and a spacious bedroom with two closets. A brand-new sliding patio door opens to a walkout patio, while fresh paint and updated lighting throughout create a bright, welcoming feel. The refreshed bathroom features a new vanity, making this condo move-in ready! Located in a peaceful neighborhood near schools, premium shopping, restaurants, parks, and trails, this condo also offers quick highway access for easy commuting. Professional management supports carefree, low-maintenance living, with amenities including a secure underground garage, large pool, hot tub, sauna, community room, and inviting green spaces. Welcome home!

10211 Cedar Lake Road Unit 115, Minnetonka

Listing courtesy of Coldwell Banker Realty - Southwest Regional.

$399,500

1 Beds ⋅ 1 Baths ⋅ 7157780 MLS

Discover the opportunity to remodel, add on, or build your dream home on this stunning lot in the highly desirable City of Minnetonka! The existing home has been well-cared for and is cozy and quaint. Main level dining room has been used as an unofficial 2nd bedroom/office. This spacious .91 acre lot also offers a natural woodland surrounding, and could provide the perfect backdrop for a custom home that's suited for your lifestyle. The property is conveniently located with quick access to 394, Ridgedale, shopping, restaurants, 15 minutes to downtown Minneapolis & 25 minutes to MSP airport. Only 5.5 miles to Lake Minnetonka/Wayzata. Property is connected to city water, city sewer. Includes an oversized single car garage and additional shed. Don't miss the chance to own nearly an acre in the heart of Minnetonka. Neighborhood has added many upper bracket homes in recent years. PLEASE NOTE: AI has been used for staging and to demonstrate the potential of this adorable home, but the basic features and finishes do exist. This is one you'll enjoy!

10605 Belmont Road, Minnetonka

Listing courtesy of Coldwell Banker Realty - Southwest Regional.

10511 Cedar Lake Road Unit 502, Minnetonka

$225,000

2 Beds ⋅ 2 Baths ⋅ 7157560 MLS

This rare top-floor penthouse corner suite offers two expansive screened porches running the full length of each side of the home and uncommon design found in only a handful of units built in this complex. With exceptional south and east exposures, the space is filled with natural light and enjoys refreshing cross-breezes throughout. Inside, the condo features a generous living/family room, spacious bedrooms, and quality finishing including raised-panel 36" upper kitchen cabinets and a full owner's ensuite with walk-in closet and separate bath. You'll also appreciate the convenience of the designated first parking space next to the elevator in the heated garage. Community amenities include indoor and outdoor pools, exercise room, sauna, party room, tennis courts, and two rentable guest suites. A truly special top-floor home, unique, bright, and rarely available. Screened porch finish is included in the sq.ft. for this home.

10511 Cedar Lake Road Unit 502, Minnetonka

Listing courtesy of Coldwell Banker Realty.

$325,000

3 Beds ⋅ 2 Baths ⋅ 7113452 MLS

Welcome to 556 Willoughby Way W in Hopkins! This inviting home is move-in ready with fresh new paint and brand-new carpet throughout, creating a clean, updated feel from the moment you walk in. The functional floor plan offers bright, comfortable living spaces with great natural light and an easy flow for everyday living and entertaining. Conveniently located near shopping, dining, parks, trails and major commuter routes, with quick access to downtown Hopkins, Minnetonka and the surrounding west metro. A great opportunity to own a well-cared-for home in a desirable and convenient location.

556 Willoughby Way W, Minnetonka

Listing courtesy of RE/MAX Advantage Plus.

$335,000

3 Beds ⋅ 2 Baths ⋅ 7115252 MLS

Welcome to the Tree House Townhome! Nestled directly against a serene backdrop of mature oak trees, this meticulously maintained three-level townhome offers a rare blend of private, nature filled living and thoughtful modern upgrades. As one of the premier lots in the entire association, the property backs directly up to the woods, ensuring an everyday escape into quiet greenery without sacrificing convenience. From the moment you arrive, the care and intentional detail curated by the original owner set this home apart. The main level welcomes you with classic ceramic tile in the entry before unfolding into a bright, open-concept floor plan designed for effortless daily living and entertaining. The updated kitchen features premium quartz countertops, under-cabinet lighting, resilient luxury vinyl tile, and custom pull-out shelves inside two lower cabinets for maximized storage. Overlooking the living and dining spaces, the kitchen peninsula provides a natural gathering spot while keeping sight lines open across the entire level. Natural light and outdoor beauty flood the main living spaces through two separate sets of double patio doors, situated in the dining room and another in the living room. Both walk out directly to an expansive, private elevated deck flanked by privacy screening and balusters, positioning you right in the canopy of towering oak trees. Rich textures carry through the interior living areas with durable low-loop wool carpeting underfoot, creating warmth, quiet and comfort throughout the primary spaces. Upstairs, the private quarters include a beautifully refreshed primary suite retreat containing abundant closet space with mirrored closet doors and an additional walk in closet customized by seller for maximum storage and convenience. The master bath showcases an upgraded vanity topped with rich natural stone, complemented by updated designer tile, a sleek faucet, modern vanity lighting, and crisp, clean finishes. Every level reflects cohesive, tasteful attention to detail that elevates the everyday routine. The walkout lower level extends the living space with rich luxury vinyl plank flooring, an inviting corner stone fireplace, and a dedicated room ideal for a home office, hobby area, or guest accommodations. Sliding glass doors lead out to a covered, private patio complete with a porch swing, offering a sheltered second outdoor haven just steps from the tree line and natural wildlife. Year-round comfort and efficiency are dialed in across every level with dual-zone heating dedicated to the upper and lower floors, accompanied by a newer furnace, humidifier, central air conditioner, water softener, and water heater. Move-in ready and remarkably peaceful on a private cul-de-sac this home delivers an exceptional opportunity to secure a turnkey townhome defined by high-end customizations, mechanical peace of mind and an irreplaceable wooded lot.

18321 Creeks Bend Drive, Minnetonka

Listing courtesy of RE/MAX Results.

$332,000

2 Beds ⋅ 2 Baths ⋅ 7152475 MLS

Welcome to true one-level living in this rare, south-facing 2-bedroom plus den townhome in the highly sought-after Preston Trails community! This beautifully updated end unit offers the privacy of a twin home, sharing just one wall, with stylish modern finishes and low-maintenance living throughout. Step inside to discover vaulted ceilings, abundant natural light, and an inviting open-concept layout centered around a living room with a cozy gas fireplace. The beautifully updated kitchen features soft-close cabinetry, a center island, stainless steel appliances, and a combination of quartz and granite countertops—perfect for everyday living and entertaining. Fully remodeled in 2018, with additional updates in 2019, this move-in-ready home features luxury vinyl plank flooring, updated trim, and modern light fixtures throughout. The versatile den is ideal for a home office, creative space, or additional flex space, with the option to add a sleek glass door for enhanced privacy. Enjoy peace of mind with extensive updates, including brand-new Andersen windows throughout, new blinds, an updated electrical panel (2019), a new main water line (2020), a newer water heater, an updated water softener, and an updated city water meter (2026). Additional highlights include a newly finished walk-in shower (2026), in-unit washer and dryer, installed gutters and downspouts, and an existing Vivint security system. The oversized attached two-car garage offers exceptional storage and everyday convenience. Outside, relax on your private walkout patio and enjoy the fenced side yard, with lawn care taken care of by the HOA for truly low-maintenance living.

2261 Wildwood Circle, Minnetonka

Listing courtesy of Keller Williams Realty Integrity Lakes.

$220,000

3 Beds ⋅ 3 Baths ⋅ 7128403 MLS

Fantastic location and priced to sell! This charming home offers an exciting opportunity to build equity and make it truly your own. While the property would benefit from some updating and TLC, it offers a spacious and functional layout with plenty of potential. Enjoy comfortable main-level living featuring a cozy living room with a wood-burning fireplace, perfect for relaxing on cool evenings. Step outside onto the deck and take in the peaceful setting surrounded by mature trees. The large kitchen offers plenty of space, along with a convenient eat-in dining area. The primary suite includes a 3/4 bath, while the full basement expands your living and storage options with a generous family room plus a separate workshop/storage area. An oversized one-car garage provides additional convenience and storage. Whether you're a first-time buyer ready to stop renting or someone looking for a home with room to add your personal touch, this property is a wonderful opportunity to own in a fantastic location!

15695 Sussex Drive, Minnetonka

Listing courtesy of RE/MAX Results.

$359,900

2 Beds ⋅ 2 Baths ⋅ 7155147 MLS

Enjoy easy, beautifully updated one-level living in a peaceful Minnetonka setting! Tucked along a quiet street in the desirable Saddlewood community. this inviting 2-bedroom, 2-bath home combines a wonderfully manageable floor plan with tranquil marsh and nature views. Step inside to fresh, move-in-ready spaces featuring newer flooring, freshly painted walls, ceilings and trim, updated lighting throughout and a brand-new primary bathroom. The spacious primary suite and second bedroom both offer thoughtfully designed custom closet systems, while in-unit laundry makes everyday living exceptionally convenient. Step outside to the beautiful deck-a favorite spot to relax, entertain or simply enjoy the peaceful natural surroundings and changing seasons. As attached 2-car garage, Minnetonka Schools and a well-run association with reasonable monthly dues complete the package. Thoughtfully improved and carefully prepared for its next owner, this is a rare opportunity for true one-level living in an exceptional Minnetonka location. Don't miss: new roof, gutters, gutter guards, flooring, lighting, paint, newer appliances, brand primary bathroom and much more.

4546 Aspenwood Trail, Minnetonka

Listing courtesy of Coldwell Banker Realty.

$348,900

4 Beds ⋅ 2 Baths ⋅ 7155888 MLS

Welcome to the wonderful Preston Trails community and this beautifully renovated, move-in-ready Minnetonka townhome offering four bedrooms, two bathrooms, and a private two-car garage! Tucked away on a quiet cul-de-sac, this impressive home features an awesome, functional floor plan with three bedrooms on the upper level, a spacious dining area, a large living room, and an even larger family room providing plenty of flexibility for entertaining, relaxing, working from home, or everyday living. Recent improvements include new tile and luxury vinyl plank flooring, brand-new kitchen appliances, quartz countertops, renovated bathrooms, refreshed landscaping, and numerous additional updates throughout. Step outside to enjoy your own private patio conveniently positioned between the townhome and garage, creating a welcoming outdoor space for dining, grilling, or unwinding. The incredible location provides convenient access to Ridgedale-area shopping and dining, downtown Hopkins, major roadways, neighborhood parks, and Minnetonka’s extensive trail system, including regional trails connecting communities throughout the western metro. Offering generous living spaces, thoughtful updates, and exceptional convenience, this turnkey home is ready for its next owner to move in and enjoy!

9712 Cimarron Circle, Minnetonka

Listing courtesy of RE/MAX Results.

3030 Saint Albans Mill Road Unit 211, Minnetonka

$309,000

1 Beds ⋅ 2 Baths ⋅ 7154450 MLS

A dream kitchen, updated bathrooms, and hardwood floors throughout make this desirable Saint Albans Mill condo stand out! You'll love the large Cambrai counter island, updated cabinetry, stainless appliances, and large walk-in shower and walk-in closet. The south-facing sun, views, and porch are ideal for morning coffee or a cozy fall afternoon of reading your favorite book while listening to the birds. Indoor and outdoor pools, sauna, hot tub, fitness studio, community room, and woodworking room are extensions of your home without the maintenance. Now is the perfect time to leave the snow maintenance behind and enjoy the conveniences of a turn-key lifestyle. Whether you're a snow-bird or looking to be social without having to venture out, you'll love this community. Nestled among mature trees and the Minnehaha Creek, you'll appreciate the peaceful setting.

3030 Saint Albans Mill Road Unit 211, Minnetonka

Listing courtesy of Coldwell Banker Realty.

$339,000

3 Beds ⋅ 2 Baths ⋅ 7154591 MLS

Beautiful 3BR/2BA townhome in the award-winning Minnetonka School District, conveniently located near parks, trails, shopping, dining, and with quick access to major highways. This home is a perfect opportunity for first-time buyers or those looking to downsize! Enjoy a bright, inviting living room with a cozy fireplace, a spacious kitchen, and a dining area that opens to a private deck. The finished lower level features a large family room with a wood-burning fireplace, a porch, and a third bedroom. The HOA covers lawn care, snow removal, trash pickup, and exterior maintenance, offering truly easy, low-maintenance living.

18300 Creeks Bend Drive, Minnetonka

Listing courtesy of Algo Realty Inc.

$259,900

2 Beds ⋅ 3 Baths ⋅ 7152774 MLS

Move-in ready multi-level townhome in a private setting within the desirable Minnetonka School District! Freshly painted throughout with new carpet and numerous recent improvements, including flooring, kitchen updates, freshly stained decks, hardware, doors, and appliances. The upper level offers two bedrooms, a full bath, and a spacious loft/office area that could potentially be converted to a third bedroom with minimal expense, adding excellent flexibility. The lower level offers additional versatile living space with its own private patiošideal for guests, a roommate, or enjoying time outdoors with pets. Enjoy convenient highway access and shared community amenities, including a sport court. The association allows up to two pets and currently has no weight restrictions. Buyer and buyer™s agent to verify all information, measurements, dimensions, association information, school boundaries, and any requirements for converting the loft to a bedroom.

4731 Spring Circle, Minnetonka

Listing courtesy of Bridge Realty, LLC.

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