Deephaven Real Estate – Northstar MLS MN Member
Located on sheltered Carson Bay, Deephaven is the quintessential Lake Minnetonka community. It provides a haven for affluent Minnesotans. Its small population and size are an indication of the exclusivity of this tiny city.

Tsepak Gyaltsen – This is Tenzin Gyaltsen, but he goes by his middle name Tsepak. His parents are both immigrants from Nepal and India, but his heritage is Tibetan. Along with being a second generation immigrant, Tsepak was born and raised in Minnesota. Due to his background, Tsepak has a diverse and extensive understanding of the land and cultures here, and has learned that hard-work and grit will be what makes his dreams a reality. His background and experience with people has also helped him become a great communicator. His natural enthusiasm and charm, along with his overt willingness to help others makes him perfect for this industry. Phone 612-461-0162
The city sports seven parks, a yacht club, tennis courts and city-owned moorings for boats. Carson Bay and the entirety of Lake Minnetonka is the city’s playground, with boating and other aquatic activities the focus. The Museum of Lake Minnetonka also owns a classic 1906 steamboat that is based in Carson bay and offers regular excursions during the summer.
Deephaven at a Glance
- Population: 3,642
- Area: 2.4 square miles
- Median Family Income: $107,000
- Median Home Price: $500,000+
- Business: Working residents commute.
- Education: Students attend highly rated Wayzata schools.
- Parks & Recreation: Seven city-owned parks, tennis courts, ice rinks.
- Sports: A full range of lake activities, including a yacht club, plus tennis.
- Dining: Limited, but quick access to surrounding communities’ restaurants.
- Transportation: Highway 7 to the I-494 loop. Quick access to Hwy 62 (Crosstown).
Deephaven Real Estate by Agents of Northstar MLS MN
Primary and secondary school students attend the excellent public schools in Wayzata. With the wealth of resources in the nearby communities, Deephaven residents do most of their shopping outside of town. The old Cottagewood General Store is a historical landmark, and is popular with residents and visitors alike. The city operates three beaches on the lake.
The city offers few opportunities for home buyers on a small budget, but a few classic old cottages in the city are priced below $250,000. Typically, these cottages are torn down and a new home built in their place. They may interest home buyers looking for a Lake Minnetonka summer cabin. Aside from a few homes between $250,000 and $400,000, most Deephaven homes start at about $600,000 and prices quickly rise into the seven figures, based on the current listings by participants of Northstar MN MLS. Exquisite homes and mansions on the lake are at the top of the market, for those seeking exclusive lakeside living.
Search Real Estate Listed by Northstar MN MLS Members
If your home buying dream includes homes or home sites on Lake Minnetonka, our REMAX Realty team can assist you in finding unique homes. Our home listings search engine lets you specify all aspects of the home you’re seeking, then lets you preview listings by Northstar MN MLS members. If you find homes that interest you, contact our REMAX agents to arrange a showing of these exclusive properties. Any of our licensed Realtors will also be happy to conduct a full MLS Search to find properties that meet your criteria. Our experience, discretion, and familiarity with this type of property let us make your search and purchase of a lake home convenient and professional. Rely on our REMAX Realtors to spare no effort on your behalf.

