Deephaven, Minnesota
Deephaven Real Estate
Homes for sale, local facts and advice for buying or selling in Deephaven, Hennepin County, from Huerkamp Home Group.
Key takeaways
What should you know about Deephaven at a glance?
Deephaven is a west metro city in Hennepin County, home to 3,762 people. Here's what the public numbers say.
- Population: 3,762 (Census 2024 estimate; -3.2% since 2020)
- Median home value: $935,900, 138% higher than the Hennepin County median (owner estimates, Census ACS)
- Median household income: $197,679, 102% higher than Hennepin County
- Homeownership: 89.3% of households own their home (Minnesota: 72.2%)
- Getting around: about 25 minutes to downtown Minneapolis and 34 minutes to MSP Airport in light traffic
- Schools: Minnetonka Public School District covers about 93% of the city
Sources: US Census Bureau 2024 population estimates and 2020–2024 American Community Survey; drive times from OpenStreetMap routing.
For sale now
Where can I find Deephaven homes for sale?
The newest Deephaven listings, live from the NorthstarMLS. Open any home for photos, maps and saved-search alerts.
Open Fri, Nov 6 · 9–11 PM$775,00019045 Lake Avenue, Wayzata, MN 55391MLS #7165206
Listing courtesy of RE/MAX Results
$2,995,00019670 Excelsior Boulevard, Deephaven, MN 55331MLS #7163593Listing courtesy of Compass
$399,90020450 Linwood Road, Deephaven, MN 55331MLS #7151487Listing courtesy of Coldwell Banker Realty
$1,690,00019055 Ridgewood Road, Deephaven, MN 55391MLS #7148878Listing courtesy of Coldwell Banker Realty
$2,289,00018605 Azure Road, Wayzata, MN 55391MLS #7137920Listing courtesy of RE/MAX Results
$625,0003480 Crest Avenue, Deephaven, MN 55391MLS #7133909Listing courtesy of Coldwell Banker Realty
See all 21 Deephaven homes for sale
- Under $400,000 1
- Under $450,000 2
- Under $500,000 2
- Under $600,000 3
- Under $700,000 4
- Under $800,000 5
- Under $1 million 6
- Under $1.5 million 8
- Under $2 million 10
- $1 million and up 15
- Single-family homes 18
- Condos 2
- Land and lots 1
- 3+ bedrooms 18
- 4+ bedrooms 13
- 5+ bedrooms 10
- New construction 9
- Lakefront 1
- 1+ acre 5
Keller Williams Preferred Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Keller Williams Preferred Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed.
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, Inc. Real estate listings held by brokerage firms other than Keller Williams Preferred Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
Keller Williams Preferred Realty participates in Regional MLS’s Broker Reciprocity℠ program, allowing us to display other brokers’ listings on our site. However, Keller Williams Preferred Realty displays only listings located in the Minnesota communities covered on this website. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available. Listing data last updated November 3, 2026 at 7:28 PM (Central). Use of listing data is subject to the license agreement. Open House information is subject to change without warning.
Deephaven homes are listed under ZIP codes 55391 and 55331, which also cover nearby areas.
Listings from NorthstarMLS, updated every hour from 8 AM to 10 PM.
Recently sold
What did homes in Deephaven sell for?
Homes sold in Deephaven in the last 6 months, from NorthstarMLS.
See every Deephaven sale on the map
This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
Keller Williams Preferred Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Keller Williams Preferred Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed.
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, Inc. Real estate listings held by brokerage firms other than Keller Williams Preferred Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
Keller Williams Preferred Realty participates in Regional MLS’s Broker Reciprocity℠ program, allowing us to display other brokers’ listings on our site. However, Keller Williams Preferred Realty displays only listings located in the Minnesota communities covered on this website. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available. Use of listing data is subject to the license agreement. Open House information is subject to change without warning.
Stay ahead of the market
How can you get new Deephaven listings first?
Tell us your price range and we'll email new Deephaven listings that match. No spam, and you can unsubscribe anytime.
- Pick your price, beds and home type
- New listings emailed as they come on the market
- Questions answered by a local agent
Housing market · September 2026
Deephaven home prices and sales
Over the 12 months through September 2026, the median sale price in Deephaven was $1,207,500, up 19.0% from the year before, with 50 homes sold.
- Median sale price$1,207,500+19.0% vs. prior 12 months
- Homes sold50past 12 months
- Days on market54past 12 months
- Months of supply5.3end of September 2026
NorthstarMLS data via the Minneapolis Area REALTORS® Local Market Update, current as of October 7, 2026. Full Deephaven market report
Living in
What's it like living in Deephaven, MN?
The answer
Deephaven is a west metro city, and it's about 25 minutes from downtown Minneapolis and 38 minutes from downtown Saint Paul in light traffic. 89.5% of its homes are single-family houses, the typical home was built around 1969, and 89.3% of households own their home.
Demographics · Deephaven, MN
Who lives in Deephaven?
According to the Census Bureau, Deephaven's median household income is $197,679, 102% higher than the Hennepin County median (Hennepin County: $97,653). The median age is 48.4, 89.3% of households own their home and 83.5% of adults hold a bachelor's degree or higher.
US Census Bureau, American Community Survey 2020–2024 5-year estimates; population from 2024 estimates. Home values are owner estimates; values shown with “+” are the Census reporting cap.
Population trend
How fast is Deephaven growing?
Deephaven's population shrank 3.2% between 2020 and 2024, from 3,885 to 3,762 residents, according to Census Bureau estimates.
US Census Bureau Vintage 2024 population estimates.
Show as a table
| Year | Residents |
|---|---|
| 2020 | 3,877 |
| 2021 | 3,820 |
| 2022 | 3,792 |
| 2023 | 3,744 |
| 2024 | 3,762 |
School planning
Which schools serve a Deephaven address?
- Minnetonka Public School Districtabout 93% of the city
- Wayzata Public School Districtabout 7% of the city
Ask the district for the school assignment of the exact address for the year you'll enroll, since boundaries can change. Being near a school doesn't guarantee a spot, and charter and private schools set their own rules.
Minnesota Report Card (Department of Education)
District coverage: US Census Bureau 2024 school district boundaries.
Crime data
How can you check reported crime near a home?
Ask the police department that serves the address for its current reports, and compare places only across the same time period and offense definitions. Missing data doesn't mean zero crime, and a citywide number doesn't describe a particular street.
By ZIP code
What does Deephaven look like by ZIP code?
2 ZIP codes cover most of Deephaven.
| ZIP | Share of city | Median home value | Median household income | Homeowners | Listings |
|---|---|---|---|---|---|
| 55391 | 60% | $923,400 | $174,301 | 81.8% | Homes for sale |
| 55331 | 40% | $737,000 | $159,450 | 86.1% | Homes for sale |
ZIP code areas (ZCTAs) covering at least 5% of the city; values for the whole ZIP area, Census ACS 2020–2024.
Outdoor living
What lakes and water are in Deephaven?
Deephaven has about 1.6 square miles of water inside city limits. 4 lakes of 10 acres or more touch Deephaven; each has its own page with the lakefront homes for sale on it.
- Lake Minnetonka14,206 acres
- Shaver Lake17 acres
- Lake William16 acres
- Lake Marion13 acres
Commute & transportation
How easy is getting around Deephaven?
Deephaven residents' average one-way commute is 26 minutes (Census ACS). 51.1% drive alone, 3.8% take public transit and 41.7% work from home.
Drive times from Deephaven
- 25 minDowntown Minneapolis
- 38 minDowntown Saint Paul
- 34 minMSP Airport
- 31 minMall of America
- 30 minUniversity of Minnesota
Drive times: OSRM routing on OpenStreetMap data from the city's Census center point, light traffic. Rush hour takes longer.
Economy & jobs
Where do Deephaven residents work?
The largest share of employed Deephaven residents work in professional, scientific and management services (29.5%), followed by finance, insurance and real estate (19.3%). The unemployment rate averaged 1.7% over 2020–2024 (Minnesota: 4.1%).
Census ACS 2020–2024, industry of employed residents 16 and older (C24050) and employment status (B23025).
- Professional, scientific and management services29.5%
- Finance, insurance and real estate19.3%
- Education, health care and social assistance17.6%
- Manufacturing15.4%
- Retail trade6.3%
- Arts, entertainment, recreation, lodging and food2.9%
City comparison
How does Deephaven compare to Woodland, Greenwood and Excelsior?
The three communities with the shortest drive from Deephaven, side by side.
| Metric | Deephaven | Woodland | Greenwood | Excelsior |
|---|---|---|---|---|
| Population (2024) | 3,762 | 377 | 713 | 2,296 |
| Change since 2020 | -3.2% | -1% | -2.7% | -2.7% |
| Median home value | $936K | $1,185K | $1,240K | $909K |
| Median household income | $198K | $190K | $215K | $103K |
| Median gross rent | — | — | $1,885 | $1,143 |
| Homeowners | 89.3% | 96.6% | 89.8% | 48.3% |
| Median age | 48.4 | 55.1 | 48.7 | 47.1 |
| Average commute | 26 min | 17.9 min | 27.2 min | 27.6 min |
| Drive to downtown Minneapolis | 25 min | 23 min | 28 min | 28 min |
Census 2024 estimates and ACS 2020–2024; drive times from OpenStreetMap routing.
Cost of ownership
What will a Deephaven home cost you each month?
Enter the numbers for a specific home. The price starts at Deephaven's Census median home value; the interest rate, property tax and insurance are yours to fill in from a lender quote, the county's tax statement and an insurance quote. This is an illustration, not a loan estimate.
Selling in Deephaven
What's required to sell a home in Deephaven?
We haven't confirmed a city pre-sale inspection for Deephaven; check with the city before you list. Every Minnesota sale still includes the state disclosures: property condition, wells, septic systems, radon, lead paint for older homes and more.
Selling in Minnesota: every city's rules and the state disclosures · Estimate your net proceeds
Is Deephaven right for you?
Who should buy a home in Deephaven?
- Compare homes, not averages. Choose the space, layout and condition you need, and confirm it with an inspection.
- Try the drive. Test your commute at the times you'd actually travel.
- Check the schools for the address. Minnetonka Public School District covers most of the city, but not all of it.
- Budget the whole payment. Include taxes, insurance, association dues and upkeep.
Planning a move
What should I verify before moving to Deephaven?
- The property's current tax statement and homestead status from Hennepin County.
- Lender, insurance and utility quotes for the exact address, plus any association documents and special assessments.
- The seller's disclosures, including Minnesota's required radon and well disclosures.
- Whether the city requires a point-of-sale inspection or certificate (Minneapolis and Saint Paul, for example, require Truth-in-Sale-of-Housing reports).
- The school assignment for your enrollment year, confirmed with the district.
This weekend's open houses
Can you tour Deephaven homes this weekend?
Found a Deephaven home you like? We'll set up a private showing, usually within a day or two, or tell you when it has an open house.
Deephaven FAQ
What do Deephaven buyers most often ask?
What is the median home value in Deephaven?
The Census Bureau's 2020–2024 American Community Survey puts the median value of owner-occupied homes in Deephaven at $935,900, 138% higher than the Hennepin County median (Hennepin County: $392,900). These are owner estimates; for current asking prices, see the Deephaven homes for sale in our home search.
How many people live in Deephaven, MN?
About 3,762 people, according to the Census Bureau's 2024 estimate. The city shrank by 3.2% between 2020 and 2024.
Which school district serves Deephaven?
Minnetonka Public School District (about 93% of the city) and Wayzata Public School District (about 7% of the city). School assignment depends on the exact address, so confirm it with the district before you buy.
How far is Deephaven from downtown Minneapolis?
About 25 minutes by car in light traffic, and about 38 minutes to downtown Saint Paul. Residents' average one-way commute is 26 minutes (Census ACS).
Is Deephaven a good place to live?
It depends on what you need. Deephaven has a median household income of $197,679, 89.3% homeownership and a 26-minute average commute. Visit at the times you'd normally drive, check the school assignment for the address, and compare total ownership costs before you decide.
What does it cost to rent in Deephaven?
The median gross rent (rent plus utilities) is — a month, compared with $1,487 in Hennepin County (Census ACS 2020–2024).
What ZIP codes are in Deephaven?
55391 and 55331 cover most of the city. ZIP code areas and city limits don't match exactly, so check the city on the property record.
What lakes are in Deephaven?
The largest named lakes inside the city are Lake Minnetonka (about 972 acres), based on Census water maps.
How long does it take to close on a home in Deephaven?
Most financed purchases close about 30 to 45 days after an accepted offer, and cash purchases can close sooner. Your lender, the appraisal and the title company set the actual timeline.
Does Deephaven require an inspection to sell a home?
We haven't confirmed a city inspection requirement for Deephaven. Every Minnesota seller still owes the state disclosures (property condition, wells, septic, radon and more), and some counties require a septic inspection. Check with the city before you list.
Why Huerkamp Home Group
Why work with Huerkamp Home Group?
Ready to make a move?
Want to talk to a Deephaven real estate expert?
Tell us your area, budget, timing and must-haves. We'll share current listings and recent sales, and explain how we'd represent you before you decide anything.
Explore nearby communities
Which communities are close to Deephaven?
Drive times from Deephaven in light traffic, with each community's Census median home value.