Lot Size8,277 sqft
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(all data current as of 3/29/2023)
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Occupying the land between Excelsior Bay and St. Albans Bay, the small city of Greenwood has approximately 700 residents whose average age is 57 years. The last reported household income, on average, was more than $130000.
Greenwood measures just over one square mile, most of which is water. The city is located roughly 20 miles west of downtown Minneapolis.
The beauty of the land surrounding Lake Minnetonka has a longstanding reputation that stretches back centuries to when the Native tribes first interacted with the European settlers that later developed the area into towns and, as the nearby metropolis blossomed, cities.
Once a part of neighboring Excelsior Township, Greenwood officially became an independent city in 1956.
Greenwood is extremely exclusive. The median property value in Greenwood was $878000 as of 2017.
However, new homes are still being built in the city's few neighborhoods and, like other homes, will almost always come with an asking price of $1 million or more.
A total of five school serve Greenwood: two elementary schools, two middle schools and one high school. Both of middle schools as well as the high school are found in neighboring Minnetonka.
Both middle schools, Minnetonka East and West, are rated A-plus. The same goes for Minnetonka Senior High.
Greenwood may be small in stature, but it is big on entertainment. The local performing arts theater is active, and the nearby restaurant serves an evolving menu of modern cuisine.
Additionally, the parkland and marina provide lovely views of the water. Lake Minnetonka LRT Regional Trail runs the entire length of the city.
Considering Greenwood's exclusivity, the homes for sale in Greenwood are likely to continue increasing. Our dedicated team of experts would be happy to discuss the details with you if you are interested in Greenwood-area property.
Contact us today for a complimentary consultation.