Lake Minnetonka real estate is some of the most sought after real estate in Minnesota. When buyers are relocating to Minnesota and ask where the most expensive homes in MN are located, they usually hear about Lake Minnetonka real estate. Buying a home in the Lake Minnetonka area is competitive. Many of the top realtors in the Lake Minnetonka area will tell you that it's the best place to buy a house. Of course, this depends on several factors that different for every buyer. The budget and the wants and needs of homebuyers in the Lake Minnetonka area are usually the determining factors of whether or not Lake Minnetonka is the right place to buy a home.
Finding the top realtors in the Lake Minnetonka area isn't always easy. Some buyers assume that the best realtors around Lake Minnetonka are the agents that they see the most on for sale signs. I caution homebuyers and sellers that utilize this technique. Sometimes the agent shows up on the for sale signs because the listings they have are on the market for several months or even years. Other buyers go online and type, find me the best real estate agent in the Lake Minnetonka area. One thing to remember is that the best local agent to use when buying a home is not always the best agent to use when selling a home.
We see this question asked a lot in online forums and try to respond when we can. There are great websites that rank top local real estate agents. Unfortunately, there are just as many misleading websites. Some of the real estate agent ranking websites, especially the ones that show up as google ads, are revenue streams for business marketing firms from all over the country. These websites charge real estate agents to show up as top-ranked local realtors and then when they get a client and sell a house to them they pay a referral fee to the marketing firm. It's obvious to see why these ads are misleading. The best advice we have is to google the Realtor's name that you are considering working with and read the reviews about them from trusted sites like Zillow or Trulia. It is very difficult to manipulate the reviews that come through those websites.
Lake Minnetonka, (the "Big Water" in the native Dakota language) is located twenty miles west of Minneapolis. It has 110 miles of shoreline and was inhabited by Native American tribes for millennia before the lake was "discovered" by soldiers from Fort Snelling in about 1820. Ancient Indian burial mounds are visible in several places, particularly along the north shoreline off Highway 15. Wayzata has a street named Indian Mound, that probably is built on top of an Indian mound, as is the city of Mound. The late 1800s were boom years for Lake Minnetonka. Rail lines reached Wayzata in 1867 bringing visitors from all over the country. To accommodate the sightseers, grand hotels were built in Wayzata, Deephaven, Excelsior, Minnetonka Beach and Tonka Bay. According to a tourist brochure, they boasted "long luxurious porches with easy chairs" and "entrancing views (which) cast a Circes' spell over time." The summer visitors played tennis, sailed, and participated in amateur theatricals. Excelsior put on pageants, at what is now the Excelsior Commons, that featured galloping horses and wagons and included nearly every person and animal who lived in the village. Turn of the century steamboats ferried visitors on tours of the lake; one, the City of Saint Louis was a 160-foot side-wheeler that is said to have carried 1,000 passengers.
Excelsior had a casino overlooking the lake at the north end of Water Street, and Big Island was the site of an amusement park. Within a quarter of a century, lake Minnetonka was literally transformed from an Indian hunting ground into a fashionable tourist destination. Within another quarter of a century many of the resorts had burned down and the summer cottage era had begun. Today, 100 years later, lake Minnetonka is again a playground. Cruise boats offer tours of the lake. Excelsior has bed and breakfasts. Day-trippers visit the antique stores, dine at the many restaurants, and swim at the beaches. The lake provides worldclass sailing, scuba diving, bass fishing, powerboating, and water.skiing. In winter, ice several feet thick is safe for cross-country skiing, ice boating, ice fishing and snowmobiling. A few people "swim" here even in winter-every January the Lung Association sponsors cold-water dipping and a local diving club scuba dives beneath the ice. Wayzata, Excelsior, and Mound are the commercial centers for the surrounding bedroom communities of Orono, Minnetrista, Minnetonka Beach, Spring Park, Tonka Bay, Shorewood, Greenwood, Deephaven, and Woodland. long lake, Medina and Maple Plain, three cities that do not have any lakeshore, are still included among the Lake Minnetonka communities, or spoken of collectively as ''Wayzata." Extension of the metropolitan sewer line to lake Minnetonka in the 1970s gave birth to a building boom that continues today. ''The lake" has become an extremely desirable place to live.
Twin Cities Home Sellers Doing the Happy Dance Market snapshot: This is a very difficult market for buyers, especially in the lower price tiers as the theme of low inventory coupled with high demand endures. As inventory levels continue to shrink, ... Read More