Greenwood Real Estate

Welcome to Greenwood, Minnesota – a hidden gem nestled on the serene shores of Lake Minnetonka. This picturesque city, with its charming small-town vibe and stunning natural beauty, offers a delightful escape for those seeking tranquility without sacrificing the conveniences of modern living.

Greenwood is known for its lush landscapes and vibrant community spirit. With a population of just over 600 residents, the city fosters a tight-knit atmosphere where neighbors become friends and community events bring everyone together. The city’s scenic parks and walking trails offer ample opportunities for outdoor recreation, making it a haven for nature lovers and families alike. Enjoy a leisurely stroll or a bike ride along the shoreline, or spend a sunny afternoon picnicking in one of the local parks.

Education is a priority in Greenwood, with access to top-rated schools that provide excellent educational opportunities for children. The city's commitment to quality education ensures that families can thrive in a nurturing environment.

For those who appreciate the arts, Greenwood is also in close proximity to the cultural offerings of the Twin Cities. A short drive will take you to Minneapolis and St. Paul, where you can explore museums, theaters, and a diverse culinary scene.

Whether you’re looking to buy your first home, seeking a peaceful retreat, or wishing to invest in a flourishing community, Greenwood, MN, has something for everyone. Experience the warmth of this charming city and discover why so many are proud to call Greenwood home. Your dream home awaits in this idyllic lakeside community!

Newest Listings in Greenwood

$1,995,000

5 Beds ⋅ 3 Baths ⋅ 7113886 MLS

Introducing 5140 Greenwood Circle in Greenwood, Minnesota. Exceptional craftsmanship and timeless renovations define this remarkable lake community residence overlooking the tranquil waters of Saint Albans Bay on Lake Minnetonka. Featuring five bedrooms and three bathrooms, this home showcases soaring vaulted ceilings, striking timber-frame architecture, and thoughtfully designed living spaces that seamlessly blend elegance with comfort. The newly remodeled kitchen is a chef's dream, complete with Thermador appliances, Cambria countertops, and custom cabinetry. Adjacent to the kitchen is the inviting hearth room with gas fireplace, providing the perfect place to unwind, while the sunroom captures panoramic lake views in every season. The luxurious main-level primary bedroom suite serves as a private retreat, offering a spa-inspired bathroom with a new bathtub, heated floors, expansive dressing room, and direct access to the spacious hardwood deck. Accessible from the living room, sunroom, and primary suite, the deck overlooks the sparkling waters of Saint Albans Bay, creating an idyllic setting for sunset gatherings. The newly added screened-in porch is the perfect backyard retreat. Two additional bedrooms complete the main floor. The walkout lower level features a generous family room with a gas fireplace, wet bar, and two additional bedrooms for hosting family and friends. Outside, manicured grounds surround the 0.34-acre lot. Rich in history, the property occupies the former grounds of the historic Greenwood Hotel, with the original stone retaining wall still intact. Perfectly positioned to offer peaceful views while remaining just minutes from the charming shops, restaurants, and amenities of downtown Excelsior, this exceptional property delivers an unparalleled Lake Minnetonka lifestyle. An extensive list of home improvements is available upon request.

5140 Greenwood Circle, Greenwood

Listing courtesy of Compass.

$949,900

5 Beds ⋅ 3 Baths ⋅ 7114724 MLS

Rare opportunity to own a true Lake Vermilion legacy property being offered for the first time ever. This one-of-a-kind waterfront retreat features a private sandy beach, beautiful shoreline, and a peaceful Northwoods setting surrounded by towering pines. Multiple cabins provide exceptional space for family and guests, creating the perfect gathering place for generations to come. Meticulously maintained and move-in ready, this unique property offers endless possibilities as a private family compound, vacation retreat, or investment opportunity. Experience breathtaking lake views, outstanding boating, fishing, and recreation right from your doorstep. Properties like this rarely become available—don't miss your chance to own a truly irreplaceable piece of Lake Vermilion. This parcel of land has 2 lots there is room to build or put a garage pole shed. This place has it all for your Lake living several cabins bring your family and friends and enjoy or use for potential investment.

4431 Cedarock Road, Greenwood

Listing courtesy of Anchor Realty.

$549,000

7096247 MLS

TEAR ME DOWN...or Bring Me Back to Life! Opportunity knocks in one of the Lake Minnetonka area's most desirable locations. Whether you're looking for a renovation project, investment opportunity, or future building site, this 3-bedroom home offers exceptional potential just a short walk from Historic Excelsior. Nestled among mature trees and next to the regional trail system, you'll enjoy easy access to Maynards, Excelsior Commons, Lake Minnetonka, shopping, dining, the library, and all the charm and activities that make Excelsior such a sought-after destination. The home features a private wooded setting, oversized 25x21 garage, expansive deck for entertaining, backyard firepit area, and a functional floor plan with plenty of space to reimagine. The main level includes a primary suite with a private ¾ bath and walk-in closet, while the walkout lower level offers two additional bedrooms, a full bath, and a large amusement room with bar area. Recent improvements include fresh interior paint and new carpeting, but buyers should expect repairs, deferred maintenance, and the need for cosmetic updating throughout. This is not a turnkey property and is being offered as an opportunity for someone with vision to build equity in a neighborhood surrounded by significantly higher-priced homes. The true value lies in the location, privacy, walkability, and potential. Rarely does a property in this setting become available at such an attractive price point. Renovate, refresh, expand, or rebuild—the choice is yours. Pre-listing inspection report available in MLS supplements. Buyers are encouraged to review the report prior to submitting an offer.

5200 Greenwood Circle, Greenwood

Listing courtesy of RE/MAX Advantage Plus.

$569,900

3 Beds ⋅ 2 Baths ⋅ 7061367 MLS

Wake up to beautiful Mead Lake views and spend your days enjoying everything lake life has to offer. From boating, fishing, kayaking, and paddleboarding in the summer to snowmobiling and ATV adventures throughout the year, this property is perfectly situated for those who love the outdoors. This beautifully maintained 1.5-story home offers 3 bedrooms, 2 bathrooms, a loft, open-concept living, and convenient main-floor laundry. Large windows capture scenic water views, creating a warm and inviting atmosphere throughout the home. Quality craftsmanship is evident with cherry trim, alder doors, a hickory accent wall, and new maple hardwood kitchen cabinets (2024). A new radiant boiler (2025) adds efficiency and comfort for every season. Step outside to enjoy morning coffee overlooking the lake, spend evenings entertaining on the patio, and gather around the lakeside firepit while watching unforgettable sunsets. The heated attached garage, workshop, and two storage sheds provide plenty of space for vehicles, tools, and recreational equipment. Located near over 100,000 acres of county forest land, this property also offers direct access to ATV and snowmobile trails, making it an exceptional destination in every season. Whether you're looking for a year-round residence or the perfect lake getaway, this Mead Lake home offers the lifestyle you've been searching for. Schedule your private showing today!

W8895 North Lake Road, Greenwood

Listing courtesy of Woods & Water Realty Inc..

$3,195,000

5 Beds ⋅ 6 Baths ⋅ 6811591 MLS

Beautiful site in prime Greenwood location. Walk or bike to downtown excelsior or cottagewood. Award winning Minnetonka schools and across the street from Lake Minnetonka lies this gorgeous, wooded site. Construction is just starting on this custom design featuring a dramatic main level with 20' vaulted and beamed ceilings plus all main level living. This charming cottage inspired design fits well in the area and character abounds in every detail. At nearly 6000 square feet this home is well designed for all your needs including 3 spacious bedroom suites upstairs plus a bonus room, upstairs laundry and loft overlooking the main level. The main level features an amazing primary suite with luxury spa like bath, spacious open kitchen designed for entertaining plus an amazing back scullery that is perfect for prep. The main level also features a front office, well designed mudroom with storage plus a main level laundry facility. Enjoy the outdoors on the vaulted porch equipped with stone fireplace and maintenance free deck leading to the backyard. The expansive lower level has everything covered including a large wet bar with seating, plus a theater room, step down golf simulator area, exercise room and 5th bedroom suite. Still time to influence the interior design elements with our staff designer. Home is estimated to be complete spring/summer 2026. See our model at 638 Gardner street for similar design details.

21735 Fairview Street, Greenwood

Listing courtesy of RE/MAX Results.

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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