Minnesota’s luxury real estate scene blends natural serenity with refined comfort, from forested retreats in the Brainerd Lakes to lakeside estates near Minneapolis. Waterfront living is key, with expansive properties offering private docks, boathouses, and sweeping lake views.
These homes mix rustic charm and modern grandeur—think log lodges, indoor pools, and smart systems—all surrounded by pristine wilderness. Let’s take a look at some of the most expensive homes in Minnesota right now.
5. Pequot Lakes, MN – $9,995,000
Overlooking the Whitefish Chain of Lakes, this 22,613 square feet estate in the Brainerd Lakes area includes 23 bedrooms and 21 bathrooms. Built in 2001 and listed for $9,995,000, the property spans 3.41 acres and features over 2,000 feet of shoreline with a private boat launch and lakeside amenities.
At the center is a custom-built main lodge with vaulted ceilings and expansive lake views, surrounded by six guest cabins and two detached garages with added living quarters. Recreational features include a volleyball court, beach area, fire pit, and protected inlet.
Where is Pequot Lakes?
Pequot Lakes is a city in Crow Wing County, Minnesota, located in the central part of the state within the Brainerd Lakes region. It is situated along Minnesota State Highway 371, about 30 miles north of Brainerd.
The city is known for its outdoor recreation, including fishing, boating, and snowmobiling, and features a large red and white bobber water tower as a local landmark. Pequot Lakes hosts annual events like Stars & Stripes Days and is surrounded by numerous lakes and forests.
Great Room
Exposed beams and a soaring vaulted ceiling define the great room, which includes a stone fireplace, multiple seating areas, and a grand piano. A wraparound loft balcony frames the upper level, connecting to the log structure throughout. Patterned rugs and deep-toned furniture complete the lodge-style setting.
Kitchen
Stone walls and rustic cabinetry anchor the kitchen, centered around a wide island with dual sinks and a decorative copper range hood. A custom chandelier hangs above, while tall windows bring in natural light over the farmhouse sink. Wood finishes and open shelving carry the cabin’s style throughout.
Dining Room
Large carved chairs surround the dining table in the dining room, placed over a traditional rug beneath a wrought iron chandelier. Timber beams and stone accents continue across the ceiling and walls. Wide windows and heavy drapes complete the warm, structured atmosphere.
Bedroom
Four-poster bed and a tall stone fireplace organize the bedroom, where floor-to-ceiling windows line one side with garden views. Soft chairs and matching curtains frame a seating area beside the hearth. Exposed beams and log walls carry the architectural style throughout the space.
Outdoor Patio
Circular seating and forest views surround the outdoor patio, which includes a built-in stone grill and fire pit. Cushioned chairs and metal-framed tables create areas for relaxing or dining. Paved stone flooring ties the open space together under tall trees and blue skies.
Listing agents: Drew Hueler, Jennifer Ulrich of Coldwell Banker Realty
4. Excelsior, MN – $10,000,000
Built on the historic grounds of the original Van Dusen summer cottage, this 8,297 square feet estate on Lake Minnetonka blends French provincial and cottage influences with modern features. Completed in 2015 and offered at $10,000,000, the 6-bedroom, 7-bathroom home rests on 1.22 acres with 210 feet of sandy shoreline and includes a heated pool, hot tub, and full pool house.
Set inside the gated Baycliffe community, the home features a smart system, elevator, 10+ car garage, and fine materials such as black walnut flooring and honed marble. Interior highlights include a retractable glass wall, gourmet kitchen, and a primary suite with balcony, steam showers, and lake views.
Where is Excelsior?
Excelsior is a city in Hennepin County, Minnesota, located on the southern shore of Lake Minnetonka about 20 miles southwest of Minneapolis. It is accessible via Minnesota State Highway 7.
The city features a historic downtown with shops, restaurants, and a vintage streetcar line operated by the Minnesota Streetcar Museum. Excelsior is also home to the Excelsior Commons park and serves as a hub for lake recreation and community events.
Living Room
Sliding glass doors span the back wall of the living room, opening to a patio with lake views. Two sofas, an ottoman, and armchairs form a conversation area centered on a fireplace with a mounted TV above. Floor and table lamps balance the room’s natural lighting.
Kitchen
Crystal chandeliers hang over a marble island with upholstered seating in the kitchen, framed by white cabinetry and polished wood floors. A metallic range hood and mosaic backsplash run along the back wall, paired with a large gas stove. Paneled drawers and a dark feature cabinet complete the layout.
Dining Room
Coffered ceilings and a modern chandelier center the dining room, where a square table and eight patterned chairs sit atop a soft area rug. A fireplace and mounted TV are built into the far wall beneath symmetrical lighting. Floor-to-ceiling windows provide views of the outdoor patio and yard.
Bedroom
French doors lead to a balcony from the primary bedroom, where a tufted headboard spans the wall behind a king-size bed. A double-sided fireplace and TV are mounted beside the seating nook near the door. Carpeted flooring and a chandelier finish the space with softness and light.
Bathroom
Glass double showers and dual vanities fill the bathroom, where a beverage bar and linen storage run along the side wall. Hardwood floors and white cabinetry connect the spaces across a long layout. A seating area and artwork are positioned beneath recessed lighting near the back.
Listing agents: Andrew J Wolf, Susan M Wolf of Edina Realty, Inc., info provided by Coldwell Banker Realty
3. Annandale, MN – $10,500,000
Covering 20 private acres on the shores of East Lake Sylvia, this 3,938 square feet log home was built in 1993 and is listed for $10,500,000. It includes 4 bedrooms and 4 bathrooms, along with a custom-built boathouse, 48-foot dock, two oversized sheds, and a former sugar shack.
Interior features include a modern kitchen with granite countertops, stainless steel appliances, and a large island, plus oversized bedrooms and a game room with billiards and shuffleboard. The property offers privacy, lake access, and all furnishings included.
Where is Annandale?
Annandale is a city in Wright County, Minnesota, located about 50 miles northwest of Minneapolis. It is accessible via Minnesota State Highway 55.
Known as the “Heart of the Lakes,” Annandale is surrounded by more than two dozen lakes, including Pleasant Lake and Clearwater Lake. The city hosts an annual Fourth of July celebration and is part of the Annandale Public School District.
Entryway
Log walls and open riser stairs define the entryway, where a rounded wooden front door and slate tile floor introduce the cabin’s rustic style. A tree stump side table and floor lamp sit near the stairs, framed by arched windows with patterned curtains. Exposed beams and natural textures fill the space with visual warmth.
Kitchen
Polished stone countertops and knotty pine cabinetry line the kitchen, centered around an island with bar seating for four. Stainless steel appliances, a wine rack, and a window over the sink round out the layout. Exposed ceiling beams and log walls continue the log cabin character.
Sunroom
Large corner windows surround the sunroom, with twig-frame chairs, striped cushions, and a set of rustic stump tables arranged on a carpeted floor. Small fishing-themed decorations run along the top wall, echoing the outdoor setting. Light wood tones dominate the surfaces from wall to ceiling.
Bedroom
Stone fireplace and double glass doors anchor the bedroom, opening out to a wide deck with outdoor furniture and a hammock. A ceiling fan, recessed lights, and log walls finish the room’s natural cabin atmosphere. Pale hardwood floors contrast with the darker wood beams.
Game Room
Pool and shuffleboard tables share the game room, where a large stone fireplace spans the far wall under mounted paddles and fishing rods. French doors open to the exterior, while a green glass billiard light hangs above the table. Carpet flooring and knotty pine paneling complete the setting.
Listing agents: Tana Crowell, Andrew Rosenquist of Elevate Realty LLC., info provided by Coldwell Banker Realty
2. Deephaven, MN – $12,500,000
Along 175 feet of Lake Minnetonka shoreline, this 9,926 square feet Cottagewood residence includes 5 bedrooms and 7 bathrooms. Built in 1928 on a 0.81-acre lot and priced at $12,500,000, the property features a private beach, outdoor entertaining area with pool, cabana, firepit, and a sport court.
Interior highlights include a lakeside sunroom, gourmet kitchen, home theater, wine bar, exercise room, and a primary suite with a spa-like bath and expansive lake views. The home blends coastal architecture with updated amenities and sits near local parks, tennis courts, and the Cottagewood store.
Where is Deephaven?
Deephaven is a city in Hennepin County, Minnesota, located along the shores of Lake Minnetonka about 15 miles west of Minneapolis. It covers approximately 3.9 square miles, including several bays and lakefront areas.
The city is known for its marinas, public beaches, and the historic Minnetonka Yacht Club. Deephaven was incorporated in 1900 and includes several residential neighborhoods with access to boating and lakeside recreation.
Dining Room
Two chandeliers hang above a long rectangular dining table, surrounded by white and gold chairs on a patterned rug. Decorative columns and open sightlines connect the dining room to the living spaces and the lakeside terrace. A reflective ceiling treatment mirrors the formal character of the room.
Kitchen
Dark countertops and a butcher-block island anchor the kitchen, which includes brass fixtures, patterned cabinetry, and a French-style range. White marble spans the countertops and backsplash, framed by light gray cabinetry and soft pendant lighting. A floral window shade adds contrast above the farmhouse sink.
Primary Bedroom
Panoramic windows curve around the primary bedroom, framing the lake and letting light flood the space. A gold-toned ceiling and patterned wall mural wrap the room in soft, warm tones. The bed faces the water, with draped curtains on each window for privacy and style.
Lounge and Bar Area
Glass doors lead out from the lounge and bar area, which features a dark wood bar, leather chairs, and a game table set over parquet flooring. Built-in cabinetry surrounds the bar, while pendant lights and modern fixtures define the space. The setup overlooks the water with clear sightlines through the tall French doors.
Pool Area
Lounge chairs line the grassy edge of the pool area, where a pergola and outdoor fireplace structure frame the water feature. A covered brick alcove with armchairs and lighting offers a sitting space just beyond the pool. Trees and fencing border the yard with open views of the lake.
Listing agent: Jeffrey Dewing of Coldwell Banker Realty
1. Woodland, MN – $17,695,000
Woodland Glen Estates on Lake Minnetonka features a 19,893 square feet main residence with 6 bedrooms and 12 bathrooms, built in 1988. Set on approximately 7.5 acres with 277 feet of shoreline, the $17,695,000 estate includes an indoor pool, outdoor tennis court, and 7-car garage.
A second 6-bedroom home at 18000 Breezy Point Road serves as guest quarters or a future building site, available only with the main estate’s sale. This private lakefront property is minutes from both downtown Wayzata and Minneapolis.
Where is Woodland?
Woodland is a city in Hennepin County, Minnesota, situated on the shores of Lake Minnetonka, approximately 15 miles west of Minneapolis. Incorporated in 1948, the city encompasses about 0.58 square miles of land and 0.04 square miles of water. As of 2025, Woodland has an estimated population of 378 residents, with a median age of 55.2 years. The city is characterized by its high median household income and predominantly white demographic.
Sunroom
Curved bay windows in the sunroom frame a direct view of the lawn and waterfront, with two upholstered chairs positioned in the center. Matching sofas sit across from each other, arranged around a circular patterned rug and small wooden table. Draped valances and wood flooring finish the space with a traditional touch.
Kitchen
Wood-beamed ceilings and a white hex tile floor define the kitchen, where marble countertops and a central island hold a large cooktop and range. Display shelving and farmhouse sink sit along the back wall, framed by custom cabinetry. A bar-height wood counter separates the space from the open dining and living area.
Dining Room
Vaulted ceilings with exposed beams stretch over the dining room, which features a long wooden table, matching chairs, and a stone fireplace at the far end. Arched brick walls and chandeliers add rustic character throughout. An open passage leads directly to a patio and surrounding yard.
Home Theater
Recliner-style leather seating lines up in front of a large projection screen in the home theater, with built-in media storage below. Recessed lighting, ceiling-mounted projector, and wall paneling complete the cinematic setup. A small fireplace, staircase, and decorative alcoves frame the rear portion of the room.
Indoor Pool
Tiled floors and wood-paneled ceilings enclose the indoor pool room, which includes a rectangular lap pool, hot tub, and stair access to an upper level. Multiple doors connect to changing areas, a gym, and storage nooks. Pillars, lighting, and painted wall art contribute to the relaxed, functional design.
Listing agents: Tim Lovett, Mia Beardsley of Coldwell Banker Realty, info provided by Coldwell Banker Realty
