Minnetonka Homes under $400,000

Welcome to Minnetonka, Minnesota—a vibrant city nestled in Hennepin County that beautifully balances suburban charm with urban conveniences. Known for its picturesque lakes, lush parks, and a strong sense of community, Minnetonka offers an inviting environment for families, professionals, and retirees alike. With a rich history and a commitment to preserving its natural beauty, this city is a hidden gem in the Twin Cities metropolitan area.

For those seeking a home in this idyllic location, you'll be delighted to discover that Minnetonka has an array of affordable housing options under $400,000. Whether you're a first-time homebuyer or looking to downsize, there are properties that cater to diverse tastes and preferences. From cozy townhomes to charming single-family residences, these homes provide a perfect blend of comfort and style without breaking the bank.

Residents of Minnetonka enjoy access to top-rated schools, a variety of shopping and dining options, and numerous recreational activities. With over 1,000 acres of parkland and several beautiful lakes, outdoor enthusiasts will find endless opportunities for hiking, biking, and water sports. Plus, the city's convenient location makes it easy to commute to nearby Minneapolis and St. Paul, ensuring that you're never far from the excitement of the urban landscape.

In Minnetonka, you can have the best of both worlds—a peaceful suburban lifestyle with the vibrancy of city living. Explore the available homes under $400,000 and take the first step toward making this enchanting city your new home!

Newest Minnetonka Homes under $400,000

10451 Greenbrier Road Unit 213, Minnetonka

$138,000

1 Beds ⋅ 1 Baths ⋅ 7171284 MLS

Beautifully maintained and exceptionally clean, this move-in-ready Minnetonka condo offers comfortable living with a polished, welcoming feel. The open floor plan brings the spacious living and dining areas together with the kitchen, where abundant cabinetry, generous counter space, and a breakfast bar make everyday living easy. A standout feature is the peaceful outlook, with natural scenery and views of the community's shared amenities, including the outdoor pool and tennis courts. The large bedroom features a walk-in closet, while the full bath offers a private vanity area and generous linen storage. In-unit laundry, heated underground parking with a car wash space, and a conveniently located storage unit just down the hall add everyday convenience. Enjoy the outdoor pool, tennis courts, and community party room, all part of an easy, comfortable condo lifestyle.

10451 Greenbrier Road Unit 213, Minnetonka

Listing courtesy of Edina Realty, Inc..

$285,000

3 Beds ⋅ 2 Baths ⋅ 7171811 MLS

Welcome to this three-bedroom townhome tucked into a quiet cul-de-sac setting in Minnetonka, where a private, tree-filled backdrop creates a peaceful setting to call home. Step inside to the main level featuring a spacious living room that flows into the kitchen and dining area. The kitchen offers stainless steel appliances and plenty of counter space for meal prep, while the adjacent dining area provides easy access to the backyard through sliding doors. Step outside to enjoy the private patio and deck overlooking a beautifully wooded lot filled with mature trees - a wonderful space for relaxing, dining outdoors, or simply enjoying the peaceful surroundings. Upstairs, you'll find three bedrooms and a full bathroom, providing comfortable separation from the main living spaces. The lower level offers even more room to spread out with a spacious family room centered around a fireplace with a classic brick surround and mantel - an inviting spot for movie nights, gatherings, or relaxing at the end of the day. A remodeled lower-level bathroom, completed in 2021, features a tiled shower with subway-style surround, attractive vanity, and tile flooring. The lower level also includes a convenient laundry room. Recent improvements include a new electric panel in 2026, garage door spring replacement in 2026, roof replacement in 2024, new refrigerator and stove in 2021, and HVAC replacement in 2020. While the home offers an opportunity to update and make it your own, its functional layout, three bedrooms, finished lower level, private wooded setting, and cul-de-sac location provide a great foundation. Conveniently located near shopping, dining, parks, and everyday amenities, with easy access to the surrounding Minnetonka and west metro communities.

13430 Pepperwood Circle, Minnetonka

Listing courtesy of Redfin Corporation.

$250,000

1 Beds ⋅ 1 Baths ⋅ 7170699 MLS

LOOKING for Perfection, peace and quiet- welcome home! Glen Lake Shores is something very special. And a wonderful value at $250. A well run association a beautifully cared for building. And your condo is beautifully Updated. Lovely flooring, light fixtures, countertops, subtle paint colors. Fireplace is now decorative (the building says no more wood- but you could install ELECTRIC). A very comfortable bedroom with an office nook area. Fantastic kitchen, opens to a glamourous living/dining room, which walks out to your private screen porch. The 3-season porch is the perfect sanctuary for reading a book or watching the birds. There is a large attractive party/community room with a huge deck & a BBQ station overlooking the lake. VERY Easy freeway access, but you are set in the woods of Glen Lake- so peaceful. See it now- FALL IN LOVE - call it home.

14319 Stewart Lane Unit 102, Minnetonka

Listing courtesy of Coldwell Banker Realty - Lakes.

$400,000

3 Beds ⋅ 2 Baths ⋅ 7162973 MLS

Set on nearly half an acre along a quiet street, this Minnetonka home backs up to a private setting with no neighbors behind it. The home’s east-west orientation brings beautiful sunsets to enjoy from the spacious two-tier deck. A new roof and siding add to the home’s curb appeal, while the oversized front parking area and additional parking offer room for extra vehicles. An irrigation system helps keep the yard looking its best. Inside, the main level brings three bedrooms together, along with freshly sanded wood floors ready for the new owner to choose a finish. Two double-sided fireplaces add warmth and character. The walkout lower level features new carpet, a family room, a large amusement room with potential for a fourth bedroom, an office, and a bar area. A three-season porch offers another comfortable spot to take in the backyard. Interior photos are coming soon. Come explore the space, setting, and possibilities this home has to offer.

3512 Robinwood Terrace, Minnetonka

Listing courtesy of Pemberton RE.

$349,900

3 Beds ⋅ 2 Baths ⋅ 7169015 MLS

A rare opportunity in Minnetonka! Situated on over half an acre, this property offers endless potential for those looking to renovate, reimagine, or build new! Spectacular location on a quiet street, near major highways, parks, golf courses, and everyday conveniences! The home features three beds on the main floor, hardwood floors, and a spacious living room that opens up to the dining and kitchen. Full bath on the main. Finished lower level includes two family rooms, wet bar, an office, three quarter bathroom, and wood burning fireplace! Newer mechanicals! Two car garage attached by a covered porch. Large deck, charming playhouse, and two storage sheds. Huge private yard with lots of grassy green space and mature trees. Schedule your tour now!

12924 Inverness Road, Minnetonka

Listing courtesy of Keller Williams Premier Realty Lake Minnetonka.

$400,000

3 Beds ⋅ 2 Baths ⋅ 7168932 MLS

Opportunity awaits in Minnetonka! Located in the desirable Hopkins School District (270) and just off Shady Oak Road, this two-story home offers 2,080 finished square feet of living space with solid bones and endless potential. The main level features a spacious 23x23 living room, a functional kitchen with a kitchen window, a main-floor full bath, and convenient main-floor laundry. Upstairs, you'll find three bedrooms—including a generously sized 19x20 primary bedroom—alongside a flexible den space and a second full bath. Situated on a large, desirable 0.40-acre corner lot (approx. 139x125), the expansive yard offers endless possibilities for outdoor entertaining, gardening, or future expansion. The property also includes a detached two-car garage (22x24). While the home needs TLC and updating throughout, it presents a fantastic chance to make it your own and build instant equity.

11836 Pheasant Lane, Minnetonka

Listing courtesy of Realty Executives Top Results.

10301 Cedar Lake Road Unit 213, Minnetonka

$114,900

1 Beds ⋅ 1 Baths ⋅ 7167139 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. The updated kitchen features brand-new countertops and opens to a formal dining area. Relax in the welcoming living room with a cozy fireplace and access to your private deck. The spacious bedroom offers two closets, while fresh paint and updated lighting throughout create a bright, inviting feel. A refreshed bathroom with a new vanity completes this move-in-ready home. Enjoy a peaceful neighborhood near schools, shopping, restaurants, parks, and trails, with quick highway access for easy commuting. Professional management supports low-maintenance living, while community amenities include a secure underground garage, large pool, hot tub, sauna, community room, and inviting green spaces. Welcome home!

10301 Cedar Lake Road Unit 213, Minnetonka

Listing courtesy of Coldwell Banker Realty - Southwest Regional.

$274,900

2 Beds ⋅ 2 Baths ⋅ 7167127 MLS

Welcome home to one of Minnetonka's most desirable locations, where convenience, comfort, and style come together. Ideally situated near restaurants, shopping, parks, scenic trails, and major highways, this beautifully updated townhome offers easy access to everything you need. Step inside to a bright, open-concept floor plan filled with natural light from soaring vaulted ceilings, a skylight, and expansive balcony doors. The inviting living room features a fireplace, creating the perfect gathering space, while the updated kitchen boasts quartz countertops, stainless steel appliances, and plenty of room for entertaining. Also enjoy a soak in your jacuzzi tub. Recent improvements include all new flooring, fresh interior paint, new trim, updated lighting, and a beautifully refreshed kitchen with new countertops, providing a truly move-in-ready experience. Enjoy your morning coffee or unwind in the evening on the low-maintenance deck, enhanced by the added privacy of a desirable corner-unit location. With a professionally managed association, low monthly dues, and an unbeatable Minnetonka location, this exceptional home offers the perfect combination of low-maintenance living and modern updates. Move in and start enjoying everything this outstanding community has to offer.

5607 Pompano Drive, Minnetonka

Listing courtesy of Exit Realty Nexus.

$265,000

2 Beds ⋅ 2 Baths ⋅ 7158840 MLS

Welcome to 396 Willoughby Way! Enjoy the convenience of a private entrance with no shared stairway. This inviting home features an open living and dining area with engineered flooring and an oversized sliding glass door leading to a 12x6 north-facing deck. The kitchen offers stainless steel appliances, quartz countertops, abundant cabinet storage, a deep sink, and reverse osmosis water filtration for convenient filtered water and ice in the fridge. A convenient half bath is located just off the kitchen. Upstairs, enjoy the convenience of upper-level laundry, a spacious primary bedroom with a walk-in closet, a second bedroom, and a full bathroom. The lower-level entry provides a functional mudroom space along with mechanicals. Enjoy access to nearby walking trails, perfect for getting outside and enjoying the surroundings. A wonderful opportunity to make this home your own!

396 Willoughby Way W, Minnetonka

Listing courtesy of Edina Realty, Inc..

$372,500

3 Beds ⋅ 1 Baths ⋅ 7163632 MLS

Welcome Home! This adorable, beautifully remodeled home is truly move-in ready! You'll fall in love with the updates and beautiful finishes throughout. The stunning kitchen features quartz countertops, new cabinetry with soft-close doors and drawers, and brand-new stainless-steel appliances. The beautifully updated bathroom features a gorgeous tiled shower surround with a built-in niche! The main level offers two bedrooms with gleaming hardwood floors, while the spacious upper-level third bedroom features plush new carpeting. Head downstairs to the inviting family room with tile flooring and a walkout to the lovely backyard patio, perfect for enjoying your morning coffee, grilling, or relaxing outdoors! All the hard work has been done for you. Just move in, unpack, and enjoy your new home!

4737 Dominick Drive, Minnetonka

Listing courtesy of Legion Properties.

10411 Cedar Lake Road Unit 213, Minnetonka

$125,000

1 Beds ⋅ 1 Baths ⋅ 7128745 MLS

Welcome Home! Greenbrier Village has so many amenities, you can vacation at home! Updates include new LVP flooring in the kitchen & bath, SS appliances, paint & lighting throughout. Enjoy your huge WI closet & massive patio, too! You will love the natural light with floor to ceiling windows. Bonus - HEATED underground parking too! Take advantage of all the amazing amenities including indoor pool, jacuzzi & outdoor pool, tennis courts, party room, sauna, fitness center, beautiful grounds/trails, car wash in the garage & two guest rooms on premises available for rental. Great Minnetonka location is minutes to shopping, restaurants, entertainment, parks & easy access to downtown. The only thing missing is you!

10411 Cedar Lake Road Unit 213, Minnetonka

Listing courtesy of RE/MAX Results.

$315,000

2 Beds ⋅ 2 Baths ⋅ 7157013 MLS

Welcome to 5645 Pompano! This end-unit townhome has been cared for with real pride of ownership, and it shows. The big-ticket items are already done: furnace and AC (2022), siding, (2021), and roof (2019), along with freshly redone sidewalks and no pending or forthcoming assessments. Unlike most units in the neighborhood, which face the street, this home faces natural privacy. The deck and surrounding green space are what first drew the seller in. Inside, new engineered hardwood flooring runs throughout the main level under vaulted ceilings, and a functioning wood-burning fireplace anchors the living space. Downstairs, the oversized family room gives you options: keep it as a spacious lounge, set it up as a home office, or reconfigure it for a third bedroom. An updated lower-level bath and 2-car garage round it all out. Step outside and you're within walking distance of three trail-connected parks - Lone Lake, Shady Oak, and Bryant Lake - plus several restaurants and coffee shops. Come check it out!

5645 Pompano Drive, Minnetonka

Listing courtesy of VIBE Realty.

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Minnetonka Homes under $400,000

Newest Minnetonka Homes under $400,000

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