Deephaven

History of Deephaven Minnesota

David Olson, RealtorBy David Olson, Realtor · October 25, 2026 · 3 min read
History of Deephaven Minnesota

Twin Cities Property Finder · David Olson, Broker · MN #BK3603584 · Whitefish Property Finder · MN #40646463 · Licensed in Minnesota, Wisconsin and Florida

Named for its harbor on Lake Minnetonka and located in the western region of Hennepin County, Deephaven is a suburb of Minnesota that provides rich historical value.

Knowing a community’s story helps you understand its neighborhoods today. Here’s a short history.

Here’s an honest look, whether you’re selling or buying.

Thinking about a home in Deephaven?I’ll show you what homes nearby are really selling for and which streets fit your budget.

How Deephaven began

Like much of the surrounding area, Deephaven was largely influenced by the nearby Lake Minnetonka. Originally kept secret by the Native Americans, who referred to it as “Big Waters”, Lake Minnetonka was first discovered by European settlers in 1820. Eventually, pioneers from the south began to visit the area around this glorious lake. It became a popular vacation spot, and was typically accessed by the Minneapolis and St. Louis Railroad. The lake became full of activity by way of steamboat tours, fishing, and sailing.

In 1900, there were only around 200 homes in Deephaven, whose inhabitants found employment mainly through tourist interaction. In the same time period of the early 1900’s, Deephaven became an incorporated village. However, two of the main tourist hotels were destroyed in a fire. As a result, the tourism in Deephaven started to rapidly decline. By the early 1920’s, the city shifted from being a lively and highly visited tourist location, to a peaceful, secluded lakeside town.

The shores of the lake are host to the city’s most beautiful, elegant, and historical homes. One example is the “Waldon” estate. In 1910, Walter and Mahala Douglas built a luxurious 27-room estate near the shores of the lake. They were both passengers aboard the Titanic. Although Walter perished when the Titanic sank, his wife, Mahala, survived. Today, their estate lives on and is just one of the many beautiful houses that overlook the Lake Minnetonka.

A simple plan for your Deephaven move

I’ve been helping people sell and buy homes across Minnesota, Wisconsin, and Florida for about two decades, and I build and remodel luxury homes too. I’ll help you see both what a property is and what it could be.

1Get clear on the numbersFor sellers, a realistic value for your specific home. For buyers, what your budget actually buys in the neighborhoods you like.
2Walk it with a builder’s eyeWe spot what an inspector is likely to flag before it becomes a negotiation.
3Prepare or positionSellers get a prep list and a staging plan. Buyers get a short list of homes that truly fit.
4Move with confidenceOffers, inspections and closing, with one steady guide keeping it calm and on schedule.

Getting the house ready, or making it yours

If you’re selling and want repairs handled before buyers see them, Super Crew Contractors can give you an estimate. If you’re ready for something custom, Ivy Lane Homes does luxury home building and remodeling. And a quick coverage check with Intrinsic Insurance before closing can save you a surprise. Ready to talk? Start a buyer plan or ask what your home is worth.

Super Crew Contractors, Ivy Lane Homes and Intrinsic Insurance are owned by David Olson; you are free to use any contractor, builder or insurer.

Your next step in Deephaven

Deephaven homes are priced neighborhood by neighborhood. Whether you’re selling or buying, I’ll help you make a plan that fits.

Please note: I don’t handle rentals or property management. I work with sellers and buyers, and that’s where I can help you most in Deephaven.

Twin Cities market notes

Stay close to the market, without the noise.

Every so often I send a short, practical note: what Twin Cities homes did, prep tips that are worth the money, and neighborhoods worth a look.

    It looks like you’re already on the list. Thank you! If something didn’t come through, call or text me at 952-314-9446.
    David Olson, Broker, Twin Cities Property Finder

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    I’m glad you’re here. A quick confirmation is on its way to your inbox. Whenever you want to talk about your own home or a move, I’m a call or text away.

    — David
    "Big Waters"DeephavenSaint Louis RailroadWalden EstateWalter and Mahala DouglasCIty HistoryHennepin County

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