Hennepin County, Minnesota

Luxury & Waterfront Homes in Deephaven, MN

Browse luxury and waterfront homes in Deephaven, MN — $1M+ estates, lakefront properties, and upscale communities. Expert luxury guidance from The PRO Team.

Luxury Homes & Estates in Deephaven

Deephaven is home to some of the Twin Cities' most exceptional luxury properties — from lake-view estates to architecturally significant custom builds. Here's what the top of the Deephaven market looks like.

Luxury & Waterfront Market

Carson's Bay and Northome Road corridor properties represent Deephaven's lakefront elite — private, wooded estates ranging from $1.5M to $5M+ with exceptional privacy and deep-water dock access.

Luxury Threshold

$1M+

Entry to luxury segment

Appreciation Rate

+5.1%

Year-over-year

Price Per Sq Ft

$312

Median, all segments

Active Listings

9+

All price ranges

What Luxury Buyers Find in Deephaven

  • Direct Lake Minnetonka frontage with private docks and boat slips
  • Lake-view estates with panoramic water vistas
  • Custom-built and architecturally significant single-family homes
  • Gated communities and private enclaves with estate-scale lots
  • Chef's kitchens, home theaters, wine cellars, and resort-style outdoor spaces
  • Properties served by the Twin Cities' highest-rated school districts

Top Luxury Neighborhoods

Carsons Bay$1.5M – $5M+

Premier lakefront neighborhood with exceptional Lake Minnetonka access and private wooded lots.

Knollwood Point$800K – $1.8M

Quiet residential enclave with a mix of updated homes and new construction on generous lots.

Cottagewood$700K – $1.5M

Charming older neighborhood characterized by seasonal cottages converted to year-round luxury residences.

Northome Road Corridor$1M – $3M

Tree-lined streets with some of Deephaven's most architecturally distinctive estate homes.

Work With a Deephaven Luxury Specialist

Luxury transactions require specialized expertise — knowledge of off-market inventory, experience negotiating high-stakes offers, and connections to the concierge professionals who make a luxury move seamless. The PRO Team has represented buyers and sellers at every price point in Deephaven, including $2M+ lakefront estate transactions.

Lake Minnetonka Lakefront Estates

Lake Minnetonka lakefront is the most coveted residential address in Minnesota. With limited supply and extraordinary lifestyle, prices range from $1.5M to $8M+. The PRO Team has deep expertise in every bay and shoreline.

Frequently Asked Questions

Common questions about Deephaven luxury & waterfront homes from buyers and sellers.

What defines the luxury market in Deephaven?

In Deephaven, the luxury threshold begins around $1M+, with the true estate market extending to $2M+. Carson's Bay and Northome Road corridor properties represent Deephaven's lakefront elite — private, wooded estates ranging from $1.5M to $5M+ with exceptional privacy and deep-water dock access.. The PRO Team has deep relationships in the Deephaven luxury segment and access to properties that never reach the public MLS.

Are there off-market luxury homes available in Deephaven?

Yes — in Deephaven's upper market, a meaningful portion of transactions happen quietly before or without public MLS listing. The PRO Team actively maintains relationships with luxury Deephaven homeowners and can connect qualified buyers with opportunities not available through traditional search portals. Contact us confidentially to discuss your luxury search criteria.

Luxury Market

Explore Luxury Homes in Deephaven

Access exclusive listings, off-market estates, and white-glove service for Deephaven's finest homes. The PRO Team represents luxury buyers and sellers across the west metro's most prestigious communities.

  • Off-market Deephaven luxury access
  • Confidential listing representation
  • National luxury buyer network
  • Premium marketing, staging & drone media
5.0 · 200+ reviews

"The PRO Team's knowledge of the Deephaven market is unmatched. They got us $42,000 over asking."

— Verified Deephaven client

612-888-6127 · Same-day response

Also Explore These Nearby Communities

Compare Deephaven with surrounding west metro communities.

The PRO Team

Questions About Deephaven?

Our Deephaven specialists are ready to help — whether you're buying, selling, or just exploring your options.

Connect with a Deephaven Expert

Tell us about your real estate goals and we'll reach out within 24 hours.

Luxury Market

Deephaven Luxury Properties

Top 5 Team at RE/MAX

Twin Cities

500+ Five-Star Reviews

Google · Zillow · Realtor.com

RE/MAX Hall of Fame

Top 1% Nationally

$1.17B Team Sales

2017–2025

3,483 Transactions

2017–2025

Licensed & Insured

Minnesota Dept. of Commerce