Minnetonka Homes under $400,000

Welcome to Minnetonka, Minnesota—a vibrant city nestled in the heart of Hennepin County, just a stone's throw from the bustling Twin Cities of Minneapolis and St. Paul. Known for its picturesque lakes, lush parks, and family-friendly atmosphere, Minnetonka offers a perfect blend of suburban tranquility and urban convenience. With a rich history and a community spirit that’s second to none, it’s no wonder that so many people are eager to call this charming city home.

For those seeking affordable housing options, Minnetonka presents a fantastic opportunity. The real estate market features a variety of homes priced under $400,000, making it an attractive option for first-time homebuyers, families, and anyone looking to invest in a thriving community. From cozy single-family homes to charming townhouses, there’s something to suit every taste and lifestyle. Many of these properties are situated in friendly neighborhoods, close to top-rated schools, shopping centers, and recreational facilities.

Imagine enjoying weekends at the nearby Minnetonka Mills Park or taking a leisurely stroll along the shores of Lake Minnetonka. With its excellent public transportation options and easy access to major highways, commuting to the Twin Cities is a breeze, allowing residents to enjoy the best of both worlds.

Don’t miss your chance to explore the wonderful homes available in Minnetonka under $400,000. This is a community where you can truly thrive, surrounded by nature, friendly neighbors, and endless opportunities for adventure. Discover your dream home in Minnetonka today!

Newest Minnetonka Homes under $400,000

3030 Saint Albans Mill Road Unit 211, Minnetonka

$309,000

1 Beds ⋅ 2 Baths ⋅ 7154450 MLS

A dream kitchen, updated bathrooms, and hardwood floors throughout make this desirable Saint Albans Mill condo stand out! You'll love the large Cambrai counter island, updated cabinetry, stainless appliances, and large walk-in shower and walk-in closet. The south-facing sun, views, and porch are ideal for morning coffee or a cozy fall afternoon of reading your favorite book while listening to the birds. Indoor and outdoor pools, sauna, hot tub, fitness studio, community room, and woodworking room are extensions of your home without the maintenance. Now is the perfect time to leave the snow maintenance behind and enjoy the conveniences of a turn-key lifestyle. Whether you're a snow-bird or looking to be social without having to venture out, you'll love this community. Nestled among mature trees and the Minnehaha Creek, you'll appreciate the peaceful setting.

3030 Saint Albans Mill Road Unit 211, Minnetonka

Listing courtesy of Coldwell Banker Realty.

$339,000

3 Beds ⋅ 2 Baths ⋅ 7154591 MLS

Beautiful 3BR/2BA townhome in the award-winning Minnetonka School District, conveniently located near parks, trails, shopping, dining, and with quick access to major highways. This home is a perfect opportunity for first-time buyers or those looking to downsize! Enjoy a bright, inviting living room with a cozy fireplace, a spacious kitchen, and a dining area that opens to a private deck. The finished lower level features a large family room with a wood-burning fireplace, a porch, and a third bedroom. The HOA covers lawn care, snow removal, trash pickup, and exterior maintenance, offering truly easy, low-maintenance living.

18300 Creeks Bend Drive, Minnetonka

Listing courtesy of Algo Realty Inc.

$259,900

2 Beds ⋅ 3 Baths ⋅ 7152774 MLS

Move-in ready multi-level townhome in a private setting within the desirable Minnetonka School District! Freshly painted throughout with new carpet and numerous recent improvements, including flooring, kitchen updates, freshly stained decks, hardware, doors, and appliances. The upper level offers two bedrooms, a full bath, and a spacious loft/office area that could potentially be converted to a third bedroom with minimal expense, adding excellent flexibility. The lower level offers additional versatile living space with its own private patiošideal for guests, a roommate, or enjoying time outdoors with pets. Enjoy convenient highway access and shared community amenities, including a sport court. The association allows up to two pets and currently has no weight restrictions. Buyer and buyer™s agent to verify all information, measurements, dimensions, association information, school boundaries, and any requirements for converting the loft to a bedroom.

4731 Spring Circle, Minnetonka

Listing courtesy of Bridge Realty, LLC.

$335,000

3 Beds ⋅ 1 Baths ⋅ 7133315 MLS

Opportunity knocks in the Minnetonka School District! This 3-bedroom bi-level offers a chance to bring your ideas and build equity while creating a home that is truly your own. All three bedrooms are conveniently located on the upper level, along with original red oak hardwood floors and an open living/dining area. Two beautiful brick fireplaces add character, while the finished lower-level family room provides additional living space and has great natural light. Outside, enjoy a charming brick patio, mature surroundings and a 2-car tuck-under garage. The home needs updating and has deferred maintenance. It is priced accordingly, making it an appealing alternative to paying a premium for someone else's renovations. Conveniently located near parks and miles of trails, Lake Minnetonka and the Minnesota Landscape Arboretum, with shopping at Ridgedale Center and Eden Prairie Center nearby. Enjoy easy access to the shops, restaurants and activities of Excelsior, Hopkins and Chanhassen, as well as Highways 7, 62 and 494. Bring your vision and make this one your own!

5603 Woodland Road, Minnetonka

Listing courtesy of Edina Realty, Inc..

$365,000

3 Beds ⋅ 2 Baths ⋅ 7148771 MLS

Spacious two-story end-unit townhome in the sought-after Minnetonka School District offering the convenience of true main-level living! The main floor features a primary bedroom with walk-through bath and walk-in closet, a second bedroom/den, laundry, and a vaulted great room with gas fireplace. The kitchen opens to the dining area and dinette, creating a comfortable and functional main-level layout. Upstairs, you'll find an additional bedroom and bath, along with a spacious loft/family room and approximately 284 square feet of unfinished space offering excellent potential for a 4th bedroom, home office, den, or additional finished living space. Recent updates include a new HVAC system, range and dishwasher (2026). With southwest exposure, an attached 2-car garage, flexible living spaces, and convenient access to Hwy 101 and 62, this end unit offers a rare combination of space, convenience, and future potential.

18512 Lime Tree Court, Minnetonka

Listing courtesy of Compass.

$325,000

2 Beds ⋅ 2 Baths ⋅ 7145451 MLS

Privacy, space, and a location that's hard to beat. This end-unit townhome sits in a quiet corner of the community with no neighbors facing your windows. You get extra natural light, a peaceful setting, and a feeling of space you rarely find in a townhome. The primary bedroom is extremely large, with a huge walk-in closet and room to add a private bath down the road. The second bedroom is also generously sized, perfect for guests, family, or a home office. Upstairs, the loft gives you flexible space for a workout area, office, or TV room. And the location is the real win. You're right across from Oberlin Park, with a short walk to Trader Joe's. Ridgedale Center is about 3 minutes away, with quick access to Highways 394, 169, and 55, plus a nearby Park and Ride for an easy commute downtown. Hopkins Public Schools. A private end unit, great space, and everything you need right around the corner. This one is worth seeing.

320 Willoughby Way W, Minnetonka

Listing courtesy of eXp Realty.

$369,900

3 Beds ⋅ 3 Baths ⋅ 7149368 MLS

Welcome to this exceptional Minnetonka townhome offering peaceful pond and nature views. The bright, open main level features a gas fireplace, newer appliances. Upstairs, you’ll find three bedrooms on one level, including a spacious primary suite with a new private spa-like bath and walk-in closet. Enjoy the outdoors from the large deck overlooking the pond and natural surroundings. Additional highlights include a 2-car garage, in-unit laundry, ample storage. Move-in ready and conveniently located—this one is a must-see!

9820 Cove Drive, Minnetonka

Listing courtesy of Compass.

$260,000

2 Beds ⋅ 1 Baths ⋅ 7151313 MLS

Charming 2 story end unit features soaring vaults and light, bright, semi-open design. Updated Kitchen with granite top center island flows into spacious vaulted Living Room featuring cozy gas fireplace. Patio door opens to beautiful private garden retreat perfect for relaxing or entertaining. Spacious loft style Primary bedroom with private rooftop deck. 2nd bedroom includes wall storage cabinet. Walk-through updated bathroom features a skylight! Y Stackable washer & dryer on upper level. You'll appreciate approximately $30,000 of updates over recent years including new furnace, A/C & water heater (2024), new Andersen windows & sliding door (2017), & luxury vinyl flooring on the main level (2017). New carpet (2025). New exterior siding (2021) & new roof (2020). Short walk to Shady Oak Lake Park and Lone Lake Park. Bryant Lake Regional Park located a few miles away. This great area offers shopping, dining, coffee houses & entertainment , and easy freeway access. Move in and enjoy a carefree lifestyle.

5410 Sanibel Drive, Minnetonka

Listing courtesy of Edina Realty, Inc..

10311 Cedar Lake Road Unit 313, Minnetonka

$120,000

1 Beds ⋅ 1 Baths ⋅ 7123792 MLS

Welcome home to this beautifully updated condo in a fantastic Minnetonka location! Enjoy peaceful, picturesque views of the surrounding green space from this inviting home, creating a serene backdrop for everyday living. The interior has been thoughtfully updated with brand-new stainless appliances, new light fixtures, bathroom fixtures, and living room A/C unit all within the last year, adding a fresh and modern feel throughout the home. The bathroom features a rainfall showerhead for a spa-like touch, perfect for unwinding at the end of the day. With a comfortable layout, beautiful views, and thoughtful updates, this home offers an easy, low-maintenance lifestyle in a wonderful setting. On-site amenities include a pool house with a pool and hot tub, walking paths through the courtyard, and heated garage parking. Conveniently located near parks, trails, shopping, dining, and everything Minnetonka has to offer!

10311 Cedar Lake Road Unit 313, Minnetonka

Listing courtesy of RE/MAX Results.

$285,000

2 Beds ⋅ 2 Baths ⋅ 7150923 MLS

Move in ready (and affordable) in Minnetonka! This townhome is available for the first time in almost 30 years. Enjoy easy living at Beachside II with only a short walk to Shady Oak Beach. Fully refreshed! Enjoy your meals on your private deck, in the formal dining room or at the breakfast nook (dining room could also be converted to an office or 3rd bedroom.) Other amenities include large closets, laundry room, and attached garage with additional storage. This Beachside darling won’t last long - schedule a showing today and make it yours!

5409 Pompano Drive, Minnetonka

Listing courtesy of Coldwell Banker Realty.

$287,000

2 Beds ⋅ 2 Baths ⋅ 7147254 MLS

Welcome home to this nice rarely available, top-floor, west-facing condominium offering peaceful tree-top views and beautiful sunsets! Located in a quiet, 36-unit building in a desirable area of Minnetonka, this two-bedroom, two-bathroom home is meticulously maintained and features recent updates. The inviting open floor plan has 9-foot ceilings, large picture windows, beautiful hickory-plank laminate flooring, and a cozy dual-sided Heat & Glo gas fireplace. The bright living and dining areas flow nicely into a wonderful three-season porch, perfect for relaxing and taking in the views all year round. The functional kitchen is complete with ample counter space, a convenient walk-in pantry, and an adjacent built-in cabinet with an upper glass display case. Designed for privacy, the smart split-bedroom layout places the bedrooms on opposite sides of the home. Both bedrooms are generously sized; the primary has a large walk-in closet and private three-quarter bath. The second bedroom has parquet wood floors and shares the unique see-through fireplace with the main living area. Both bathrooms have white tiles, and the primary bathroom has a low-threshold walk-in shower. This unit offers the perfect blend of tranquility and conveniences with an ideal lock and leave lifestyle. Enjoy a prime, central location with quick access to Crosstown 62, Highway 494, Highway 212, and Shady Oak Road. You are just minutes away from Nine Mile Creek, Lone Lake Park, Shady Oak Lake, Bryant Lake, and extensive regional trails. Plus, enjoy the daily convenience with fantastic local restaurants, grocery stores, and shopping malls nearby. See supplements for the floor plan, property updates & features.

5985 Rowland Road Unit 308, Minnetonka

Listing courtesy of RE/MAX Advantage Plus.

10113 W 34th Street Unit 111, Minnetonka

$85,000

2 Beds ⋅ 2 Baths ⋅ 7150598 MLS

Spacious end unit with extra windows, patio, and large walk-in closet! Ground floor has easy access to community room/kitchenette and laundry. Well-maintained - quiet building. This unit has eastern exposure.

10113 W 34th Street Unit 111, Minnetonka

Listing courtesy of RE/MAX Advantage Plus.

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