For those looking for the most affluent neighborhoods in Minnesota, you’ve come to the right place. We put this list together to help you find the top luxury home neighborhoods in Minnesota – let’s get started!
Located on the shores of Lake Minnetonka, the upscale neighborhood of Deephaven offers plenty of beautiful properties and things to do. As one of the best places to raise a family, due to their outstanding public schools and low crime rate, this area provides a suburban feel in a lakeside environment. While the median price of real estate is higher than other Minneapolis-St. Paul suburbs, the location, recreation and strong community make it a great place for anyone to settle down.
With a population of 7,500 and a median home value of $438,000, Fulton is one of the more affluent neighborhoods in the southwest suburbs of Minneapolis. With high marks across the board in things like crime, schools, nightlife and diversity, this area offers plenty of advantages for well-to-do families or single individuals.
Parkwood Knolls is a well-known and highly sought after luxury home neighborhood in Edina. The large lot sizes and varying home styles give this western neighborhood character and charm that continues to draw more and more residents each year. Parkwood Knolls is a neighborhood filled with tree-lined streets and large, customized homes. Many homes feature two-story layouts or expansive ramblers with walkout basements. Today, new construction still continues, allowing buyers to build their dream home from the ground up, letting them enjoy the scenery of rolling hills and open fields that the area offers.
The median value of a home in the Parkwood Knolls neighborhood sits at $825K ($306K over the Edina median), while the median list price is $939K ($689K over the Edina Median).
With a small population and large real estate price tags, Shorewood is one of the more affluent suburbs near Lake Minnetonka. Surrounded by forested areas to the east and west, with the Lake just north, Shorewood offers abundant recreational, retail and entertainment opportunities. With good school districts and an average median income of above $100,000, this northwestern suburb is perfect for those that can afford to take advantage of the many area luxuries.
Bordered by Cedar Lake and Lake of the Isles, the affluent Kenwood neighborhood is home to some of the largest and most expensive houses in Minneapolis. The neighborhood features easy access to downtown, the Chain of Lakes, and abundant parks. The Kenilworth Trail runs through the neighborhood from north to south and provides nearly three miles of trails to bikers, walkers and joggers year round. The parks attract ice skaters and cross-country skiers in the winter.
Kenwood’s high school graduation rate is higher than most neighborhoods in Minneapolis, meaning it’s a great place for families to settle down. While you’ll pay higher prices in home value and taxes, you’ll get the great amenities that the neighborhood offers.
Named for its hilly, tree-lined streets, Linden Hills offers charming and mostly modest-sized craftsman-style housing. Nestled between Lake Harriet and Lake Calhoun, living in Linden Hills offers a number of benefits to those looking for their dream home. The area buzzes with coffee shops, restaurants, shopping areas, plenty of shady parks and everything else uptown has to offer. As one of the most popular neighborhoods in Minneapolis, this area is home to a diverse group of people, featuring mostly young couples and families.
With an urban, yet spacious feel, Linden Hills is known by locals as the “small town in the big city”. While you can easily find the urban lifestyle in the high-rises of downtown Minneapolis, Linden Hills supplies area residents with a tremendous amount of outdoor recreational opportunities and plenty of affordable real estate.
As one of the earliest-established neighborhoods in Minneapolis, Lowry Hill is home to gorgeous Victorian style homes. Many of the wealthiest citizens in Minneapolis have flocked to Lowry Hill and has remained largely unchanged in the past 100 years. Bordered by Loring Park, there’s plenty of activity going on this neighborhood throughout the year, including concerts and music festivals in the summer and Holidazzle in the winter. The neighborhood also features the Walker Art Center and Minneapolis Sculpture Garden.
Lowry Hill is home to some of Minneapolis’ most defining areas. From unique retail shops, eclectic arts centers, iconic theaters, and renowned restaurants, Lowry Hill has it all. If you’re looking for the excitement and convenience of city living, Lowry Hill should be your destination.
Situated in the Southwest community of Minneapolis, Tangletown derives its name from the winding streets, which are much different from the normal “city grid” that’s seen throughout the rest of the city. Offering quaint restaurants, interesting landmarks, great schools and gorgeous trails you’ll feel right at home in Tangletown. Minnehaha Creek traverses the southern part of the neighborhood, offering biking, hiking and exploring opportunities. The popular local landmark, Washburn Park Water Tower, is one of the architectural highlights of source Minneapolis, built in an art-deco style in 1932.
The population of the local area is mainly a mix of families and high earning single professionals. Tangletown merges the best of city living with a strong sense of community to create a lovely place for residents to live.
One of the most desirable suburbs in Minneapolis is Victoria, where median home values sit at $341,300. A safe community with a strong school district and high real estate value, this town offers almost anything you could ask for. You can enjoy the recreation, retail and entertainment year-round.
Ready to find your new luxury home? If so, contact A.D. Hays Group today. We have more than three decades buying and selling homes throughout luxury neighborhoods in Minnesota. Our team of experts is ready to help you with any and all of your real estate needs. We also love helping clients find the best neighborhood for their needs – if you want a neighborhood expert in Minneapolis – let us know. We look forward to hearing from you!