Nestled along the picturesque shores of Lake Minnetonka, the Greenwood, Minnesota, is a charming, small community that offers a serene escape just 20 minutes west of Minneapolis. With a population of approximately 742 residents, this tiny city—spanning just 0.36 square miles—packs a big punch with its stunning lakefront properties, rich history, and tight-knit community spirit. Known as the "City of the Lake," Greenwood, Minnesota, is perfectly positioned between Excelsior and Deephaven, offering access to St. Albans Bay and Excelsior Bay. Whether you’re planning a visit, considering a move, or simply curious about this hidden Twin Cities gem, this comprehensive guide explores everything the City of Greenwood, MN, has to offer—from its storied past to its vibrant present.
Discovering the City of Greenwood, MN: A Lakeside Haven
The History of Greenwood, MN
Early Beginnings and Lake Minnetonka’s Influence
The Greenwood, Minnesota, owes much of its character to Lake Minnetonka, a sprawling, 14,528-acre lake that has long been a draw for settlers, vacationers, and residents. Before European settlement, the area was home to the Dakota people, who revered the lake for its resources and beauty. The name "Minnetonka" itself comes from the Dakota words "minne" (water) and "tonka" (big), reflecting its significance.
Greenwood’s modern history began in the 19th century when wealthy families from Minneapolis and beyond built summer cottages and grand estates along the lake. The area’s development accelerated with the arrival of steamboats and railroads, making Lake Minnetonka a premier resort destination. Greenwood officially incorporated in 1956, making it one of the youngest communities in the region. Its small size and lakefront focus have preserved its exclusive, tranquil vibe.
Cultural Landmarks
One of Greenwood’s historical treasures is the Old Log Theatre, the oldest continuously operating professional theater in the United States. Founded in 1940, it remains a cultural hub, offering plays, musicals, and community events that draw visitors from across the Twin Cities. The theater’s rustic charm and lakeside location make it a must-visit for culture enthusiasts.
Top Things to Do in Greenwood, MN
Despite its compact size, the City of Greenwood, offers a surprising array of activities, particularly for those who love the outdoors, arts, and lake life. Here’s what you can explore.
Outdoor Recreation in Greenwood
Greenwood’s location on Lake Minnetonka and its access to regional trails make it a haven for outdoor enthusiasts.
Lake Minnetonka Adventures
Lake Minnetonka is the heart of Greenwood’s recreational scene. Residents and visitors can enjoy boating, sailing, or fishing in St. Albans and Excelsior Bays, with views of iconic landmarks like Gale Island and Big Island. Bayside Marina, a popular spot in Greenwood, offers docking and boat services, making it easy to hit the water. In winter, the lake transforms into a playground for ice fishing and snowmobiling.
Regional Trails
A regional trail runs along Greenwood’s western edge, connecting to the broader Lake Minnetonka LRT Regional Trail system. This paved path is a favorite for walkers, runners, and cyclists, offering scenic views of the lake and surrounding woodlands. It’s a great way to explore Greenwood and nearby Excelsior or Deephaven.
Cultural and Community Highlights
Greenwood’s cultural offerings and community spirit shine through its landmarks and events.
Old Log Theatre
The Old Log Theatre is a cultural cornerstone of the City of Greenwood, MN. With a year-round schedule of performances, from classic plays to contemporary comedies, it’s a perfect spot for a night out. The theater also hosts special events, like holiday shows, that bring the community together.
Community Events
While Greenwood is small, it benefits from its proximity to Excelsior’s vibrant event calendar. The Excelsior Art on the Lake festival, held nearby, features local artists and live music, while the Excelsior Farmers Market offers fresh produce and crafts just minutes from Greenwood. The city also participates in regional initiatives, like the Lake Minnetonka Conservation District, promoting sustainable lake use.
Dining and Shopping
Greenwood itself has limited commercial options, but its lakeside charm and proximity to Excelsior and Deephaven ensure plenty of dining and shopping nearby. In Excelsior, try Maynards for upscale lakefront dining or Coalition Restaurant for a cozy meal. For shopping, Excelsior’s downtown offers boutiques and antique stores, perfect for a leisurely afternoon.
Living in the City of Greenwood, MN
Considering a move to the City of Greenwood? Here’s what life looks like in this exclusive lakeside community.
A Tight-Knit, Affluent Community
With just 300 households and an average household size of 2.44, Greenwood is a close-knit community where neighbors know each other. The median age is 51.5, and many residents are retirees or professionals seeking a quiet, upscale lifestyle. The city’s governance, led by an elected mayor and four council members, emphasizes resident engagement and preserving Greenwood’s unique character.
Housing in Greenwood
The housing market in the Greenwood, Minnesota, is notably high-end, with median home values exceeding $1,000,000 in 2022, reflecting its prime lakefront location. Properties range from historic cottages to modern estates, many with private docks and stunning lake views. The median gross rent is $1,810, and real estate taxes average around $9,893 annually for mortgaged homes. With half of Greenwood’s properties on Lake Minnetonka, lakefront living is a defining feature.
Education Excellence
Greenwood is part of the highly rated Minnetonka School District, which includes Minnetonka High School, consistently ranked among Minnesota’s best. The district serves six elementary schools, two middle schools, and the high school, offering top-tier academics and extracurriculars. Families value the district’s focus on innovation and student success.
Practical Information for Visitors and Residents
Getting to Greenwood, MN
The City of Greenwood, is easily accessible via Highway 7, just a 20-minute drive from downtown Minneapolis. Minneapolis-St. Paul International Airport is about 25 miles away, roughly a 30-minute trip. Public transit options are limited, but the nearby Metro Transit routes in Excelsior connect to the broader Twin Cities.
Weather and Best Time to Visit
Greenwood enjoys a classic Minnesota climate—summers averaging 75°F are ideal for boating and trail use, while winters (around 15°F) offer ice-based lake activities. Fall’s vibrant foliage and spring’s mild bloom make them perfect for scenic walks. Summer is peak season for lake life and regional events.
City Services and Amenities
The Greenwood City Office (350 Highway 7, Suite 230, Excelsior, MN 55331) handles permits, utilities, and community services, open Monday through Thursday from 7:30 a.m. to 5:30 p.m. Residents have access to the Hennepin County Library in Excelsior, healthcare at Lake Minnetonka Shores, and shopping at nearby Excelsior Commons. The city’s website, www.greenwoodmn.gov, offers updates and resources.
Why Choose the City of Greenwood, MN?
What makes the City of Greenwood, so special? It’s the epitome of exclusive lakeside living, blending natural beauty with cultural richness and small-town charm. Lake Minnetonka’s allure, the historic Old Log Theatre, and top-rated schools make it a draw for affluent residents and visitors. Its proximity to Minneapolis ensures urban conveniences without sacrificing tranquility.
Whether you’re dreaming of a lakefront home, a day on the water, or a cozy theater evening, Greenwood delivers. Visit www.greenwoodmn.gov for the latest on city services, events, and more. The City of Greenwood, MN, is a lakeside treasure waiting to be explored—come discover its magic!
