Greenwood Homes for Sale

Welcome to Greenwood, Minnesota, a hidden gem nestled within Hennepin County that perfectly blends serene suburban living with easy access to urban amenities. This charming city, bordered by the picturesque shores of Lake Minnetonka, offers a tranquil escape from the hustle and bustle of nearby Minneapolis while still being just a short drive away from the vibrant city life.

Greenwood is renowned for its lush landscapes, friendly community, and a strong sense of belonging. The area is characterized by stunning natural beauty, with numerous parks and recreational opportunities that invite residents to enjoy the great outdoors. Whether you’re hiking along scenic trails, boating on the lake, or simply enjoying a picnic in one of the local parks, Greenwood provides a peaceful backdrop for an active lifestyle.

When it comes to homes for sale, Greenwood boasts a diverse selection of properties that cater to various tastes and budgets. From cozy single-family homes nestled among towering trees to modern lakefront properties offering breathtaking views, there’s something for everyone in this idyllic community. Many of these homes feature spacious yards, updated interiors, and easy access to local amenities, making them perfect for families, retirees, or anyone looking to enjoy the best of suburban living.

With its unique blend of natural beauty, community spirit, and a range of housing options, Greenwood is not just a place to live; it’s a place to thrive. Explore the homes for sale in Greenwood today and discover the perfect property that fits your lifestyle!

Newest Greenwood Homes for Sale

$2,295,000

5 Beds ⋅ 5 Baths ⋅ 7157373 MLS

Nestled in Greenwood with views of Saint Albans Bay, this 5-bed, 5-bath Craftsman home masterfully balances classic architectural detail with resort-style outdoor living in the top-rated Minnetonka School District. Spanning over 6,000 square feet, the updated interior highlights soaring vaulted ceilings, rich architectural woodwork, and a gourmet chef’s kitchen designed for effortless entertaining. The upper level hosts four private en-suite bedrooms, anchored by a serene primary retreat with seasonal views of St. Albans Bay on Lake Minnetonka. Downstairs, the expansive lower level features high ceilings, a full media and movie space with a built-in projector screen, wet bar, a private fifth bedroom suite, and lots of storage space. Step outside to a resort-grade sanctuary created through a recent multi-six-figure grounds transformation. Frame-worthy tree lines enclose a massive paver patio with an integrated outdoor fireplace, manicured perennial gardens, and a full turf sport court. Beyond the property grounds, the location offers exceptional academic flexibility and daily convenience. Situated at a unique boundary convergence within ISD 276, families enjoy seamless access to Minnetonka’s world-class Spanish Immersion (Deephaven Elementary) and Mandarin Immersion (Excelsior Elementary) programs—with bus stops for both right at your doorstep. The city of Greenwood offers docks on St Albans Bay to new owners. Owners sign up with the city on a waiting list and the docks are walkable from your home!

5055 Highview Place, Greenwood

Listing courtesy of Coldwell Banker Realty - Lakes.

$448,000

3 Beds ⋅ 3 Baths ⋅ 7152137 MLS

BUILD EQUITY NEAR HISTORIC EXCELSIOR! Affordable opportunity to own in the Lake Minnetonka area, build sweat equity and make this 3-bedroom home your own. Qualified buyers may have access to DOWN PAYMENT ASSISTANCE and renovation/rehab financing programs—ask your lender about available options. Nestled among mature trees next to the regional trail, it’s just a short walk or bike ride to Historic Excelsior, Maynards, Excelsior Commons, beach, bandshell, shopping, dining, library and Lake Minnetonka. Features include a private wooded setting, oversized 25x21 garage, large deck and backyard firepit. Main-level primary suite offers a private ¾ bath and walk-in closet. Walkout lower level includes 2 bedrooms, full bath and spacious amusement room with bar. Fresh paint and new carpet provide a head start, with plenty of opportunity to update and add value among higher-priced homes. Pre-listing inspection available in MLS supplements, have your agent provide you a COPY of it. See it soon - not many opportunities like this near Excelsior!

5200 Greenwood Circle, Greenwood

Listing courtesy of RE/MAX Advantage Plus.

$2,950,000

5 Beds ⋅ 5 Baths ⋅ 7150317 MLS

ONLY THE FUN PART LEFT TO DO… Bring your interior design ideas and make this rare Lake Minnetonka opportunity your own. This is an exceptionally well-built, high-quality home that has been carefully maintained and is ready for your personal updates. The boathouse is the showstopper — approximately 38' x 16', with a full foundation and wood-burning fireplace. Positioned to face west, it gives you a front-row seat to incredible sunsets and Fourth of July fireworks. Boathouses like this simply do not come available often, and this one is ready to become the ultimate lakeside entertaining space. The location is hard to beat — sidewalks to downtown Excelsior, one of the most desirable settings on St. Albans Bay, approximately 123 feet of real sandy lakeshore, and plenty of room for boating, swimming and lake activities. Even the everyday conveniences are close, with the gas station just a block away. The home offers approximately 3,700 finished square feet, quality construction, beautiful landscaping and an incredible opportunity to customize the interior to fit your lifestyle. There are so many possibilities here — make it your primary residence, create an exceptional Lake Minnetonka vacation home, or explore repositioning the home closer to the lake and building your dream property. The location, lakeshore and irreplaceable boathouse are already here. Now comes the fun part — making it yours. Enjoy our AI enhanced photos to provide some ideas on the many possibilities.

21210 Excelsior Boulevard, Greenwood

Listing courtesy of Compass.

$3,195,000

5 Beds ⋅ 6 Baths ⋅ 7132474 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. Just wrapping up construction on this primary on the main level custom design home. 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 room. 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.

21735 Fairview Street, Greenwood

Listing courtesy of Keller Williams Premier Realty Lake Minnetonka.

Start Your Search

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.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.

Greenwood Homes for Sale

Newest Greenwood Homes for Sale

How much is your home worth?

How much is your home worth?