Minnesota’s luxury real estate landscape reveals striking geographical concentration and dramatic price variations according to Zillow Home Value Index data tracking neighborhood values through November 2024 (compare to the most affordable suburbs in Minnesota). The dominance of Edina in the high-end market is remarkable, claiming 21 of the 25 most expensive neighborhoods, with values ranging from South Cornelia at $634,406 to Country Club at $1,364,967. While Minneapolis traditionally anchored the region’s luxury market, it now contributes just three neighborhoods to the top 25 (Linden Hills, Lynnhurst, and Kenwood), with Kenwood’s $1,074,870 median marking the city’s peak. Recent appreciation patterns show a clear suburban advantage, with Edina’s ultra-luxury enclaves like Indian Hills (+37.3%), Parkwood Knolls (+36.6%), and Highlands (+36.3%) far outpacing Minneapolis’s Kenwood (+17.6%) and Linden Hills (+20.6%) since 2019.
The million-dollar threshold has emerged as a clear market segment, with eight neighborhoods exceeding this mark – seven in Edina and one in Minneapolis. Geographic distribution within Edina itself shows interesting patterns, with the highest values clustering around the Country Club area and along the western edge of the city. The data also reveals price point segmentation, with distinct tiers emerging: entry-luxury ($630,000-$750,000), mid-luxury ($750,000-$1 million), and ultra-luxury (above $1 million). Perhaps most notably, newer luxury developments like Northwoods in Brooklyn Park have shown exceptional appreciation (+60.6% since 2014), suggesting potential for luxury market expansion beyond traditional high-end locations.
1. Northwoods (Brooklyn Park)
Northwoods stands as Brooklyn Park’s premier luxury neighborhood, characterized by its expansive lots and mature tree coverage. The area’s location provides easy access to major employment corridors while maintaining a secluded, executive residential atmosphere.
Property values demonstrate exceptional growth, rising 60.6% from $393,919 in 2014 to reach $632,532 in November 2024, with a robust 30.8% increase since 2019. This sustained appreciation reflects growing demand for luxury properties in emerging suburban locations.
2. South Cornelia (Edina)
Located adjacent to its namesake lake, South Cornelia combines natural beauty with prime accessibility. The neighborhood features a mix of updated mid-century homes and newer construction, with many properties offering lake views or direct water access.
Home values show consistent appreciation, climbing 51.2% from $419,578 in 2014 to $634,406 in November 2024, including a 25% gain since 2019. The steady growth reflects the enduring appeal of lakeside locations in established suburban settings.
3. Linden Hills (Minneapolis)
Nestled between Lake Harriet and Lake Bde Maka Ska, Linden Hills represents one of Minneapolis’s most desirable neighborhoods. The area combines a charming commercial village with historic homes, offering residents a unique blend of urban amenities and lakeside living.
Property values have risen 48.2% from $433,737 in 2014 to $642,793 in November 2024, with a 20.6% gain since 2019. This moderate recent appreciation reflects the stabilizing market in established urban neighborhoods.
4. Prospect Knolls (Edina)
Occupying prime terrain in eastern Edina, Prospect Knolls features elevated lots and commanding views. The neighborhood’s mix of architectural styles ranges from updated mid-century homes to contemporary rebuilds, maintaining high standards throughout.
Values show strong appreciation, climbing 57.1% from $435,042 in 2014 to $683,411 in November 2024, including a robust 28.7% increase since 2019, highlighting sustained demand for premium Edina locations.
5. Lynnhurst (Minneapolis)
Situated near Lake Harriet, Lynnhurst offers an ideal blend of urban convenience and residential charm. The neighborhood features well-maintained period homes, tree-lined streets, and easy access to popular commercial corridors.
Home values have appreciated 42.7% from $478,978 in 2014 to $683,496 in November 2024, with a 19.3% gain since 2019, demonstrating stable growth in this established Minneapolis enclave.
6. Countryside (Edina)
Countryside exemplifies Edina’s transition from first-ring suburb to luxury destination. The neighborhood features generous lots, updated homes, and convenient access to major shopping and dining destinations.
Values show consistent growth, rising 51.5% from $456,479 in 2014 to $691,783 in November 2024, with a substantial 30.1% appreciation since 2019, reflecting strong demand for prime suburban locations.
7. Lake Edina (Edina)
Centered around its namesake lake, this neighborhood combines natural beauty with upscale living. Properties range from lakefront estates to elevated lots with water views, creating a diverse yet cohesive residential environment.
Property values have increased 46.7% from $484,239 in 2014 to $710,503 in November 2024, including a solid 27% gain since 2019, underscoring the premium placed on waterfront locations.
8. Indian Trails (Edina)
This wooded enclave offers a secluded atmosphere while maintaining convenient access to urban amenities. The neighborhood’s winding streets and mature trees create a park-like setting for its mix of classic and contemporary homes.
Values demonstrate strong appreciation, rising 53.3% from $471,014 in 2014 to $722,094 in November 2024, with an impressive 34.2% gain since 2019, reflecting growing demand for naturalized settings.
9. Fox Meadows (Edina)
Fox Meadows combines executive-style homes with carefully maintained common spaces. The neighborhood’s thoughtful planning and architectural standards have created a cohesive luxury environment.
Home values show sustained growth, climbing 52.7% from $473,586 in 2014 to $723,189 in November 2024, including a robust 30.1% appreciation since 2019, highlighting the area’s enduring appeal.
10. Lake Cornelia (Edina)
Surrounding one of Edina’s signature lakes, this neighborhood offers a perfect blend of natural amenities and luxury living. Waterfront properties and elevated lots provide diverse housing options within a unified community.
Values have risen 49.2% from $490,267 in 2014 to $731,708 in November 2024, with a strong 29.9% gain since 2019, demonstrating sustained demand for premium lakeside locations.
11. The Heights (Edina)
Occupying elevated terrain in eastern Edina, The Heights offers commanding views and spacious lots. The neighborhood’s mix of architectural styles maintains high standards while allowing for individual expression.
Property values show impressive growth, increasing 56.8% from $471,866 in 2014 to $739,692 in November 2024, with a notable 31.3% gain since 2019, reflecting the premium placed on elevated locations.
12. Bredesen Park (Edina)
Adjacent to its namesake park, this neighborhood combines natural amenities with upscale living. The area’s proximity to recreation space and thoughtful development standards create an attractive residential environment.
Values demonstrate consistent appreciation, climbing 50.9% from $495,307 in 2014 to $747,609 in November 2024, including a solid 31.8% increase since 2019, highlighting sustained demand.
13. Lake Forest (Saint Louis Park)
Standing as Saint Louis Park’s premier luxury neighborhood, Lake Forest offers a sophisticated suburban environment. The area’s proximity to Minneapolis and generous lots attract executives seeking space without sacrificing convenience.
Home values show strong growth, rising 46.4% from $511,915 in 2014 to $749,685 in November 2024, though the more moderate 21% gain since 2019 reflects market stabilization.
14. Creek Valley (Edina)
Defined by its natural waterways and topography, Creek Valley represents newer luxury development in Edina. While historical data is unavailable, the neighborhood’s current value of $764,866 reflects its position as a desirable modern enclave.
The area’s careful integration of natural features with contemporary homes has established it as a premier location for luxury buyers seeking newer construction within Edina’s established framework.
15. Morningside (Edina)
One of Edina’s most historic neighborhoods, Morningside maintains a distinctive character through its mix of restored period homes and sensitive new construction. The area’s walkable streets and strong sense of community create a unique environment.
Values have risen 40.4% from $568,266 in 2014 to $797,568 in November 2024, with a 23.7% gain since 2019, reflecting steady appreciation in this established neighborhood.
16. Braemar Hills (Edina)
Positioned near Braemar Golf Course, this neighborhood combines recreational amenities with luxury living. The area’s elevated terrain and larger lots provide an exclusive atmosphere while maintaining accessibility.
Property values show consistent growth, climbing 50.1% from $542,835 in 2014 to $814,769 in November 2024, with an impressive 33.6% gain since 2019, demonstrating strong demand for golf course proximity.
17. Indian Hills (Edina)
As one of Edina’s premier established neighborhoods, Indian Hills features estate-sized lots and architectural diversity. The area’s rolling terrain and mature landscaping create a park-like setting for its impressive homes.
Values demonstrate substantial appreciation, rising 49.1% from $706,481 in 2014 to $1,053,632 in November 2024, including a remarkable 37.3% gain since 2019, marking its entry into the million-dollar tier.
18. Kenwood (Minneapolis)
Representing Minneapolis’s most prestigious address, Kenwood combines historic mansions with lakeside charm. The neighborhood’s proximity to downtown and the Chain of Lakes maintains its position as the city’s premier urban enclave.
Home values have increased 37.8% from $779,768 in 2014 to $1,074,870 in November 2024, though the more moderate 17.6% gain since 2019 reflects urban market stabilization.
19. Minnehaha Woods (Edina)
Characterized by its heavily wooded terrain and creek views, Minnehaha Woods offers a unique natural setting. The neighborhood’s larger lots and architectural standards maintain exclusivity while preserving natural features.
Values show strong growth, rising 43.2% from $758,697 in 2014 to $1,086,797 in November 2024, with a solid 28.7% appreciation since 2019, highlighting demand for naturalized luxury settings.
20. Highlands (Edina)
Occupying some of Edina’s highest terrain, Highlands combines commanding views with estate-sized properties. The neighborhood’s elevation and generous lots create an atmosphere of privacy and prestige.
Property values demonstrate impressive appreciation, climbing 55.9% from $714,624 in 2014 to $1,113,951 in November 2024, with a substantial 36.3% gain since 2019, reflecting sustained demand for premium locations.
21. White Oaks (Edina)
Named for its distinctive trees, White Oaks represents newer luxury development within Edina. While historical data is unavailable, the current value of $1,115,769 reflects the neighborhood’s position among the city’s most exclusive enclaves.
The area’s careful preservation of natural features and strict architectural standards have quickly established it as a premier destination for luxury buyers seeking newer construction with established character.
22. Arden Park (Edina)
As one of Edina’s most historic luxury enclaves, Arden Park features impressive architecture and established landscaping. The neighborhood’s mix of period homes and sensitive updates maintains its distinctive character.
Values show consistent appreciation, rising 44% from $798,421 in 2014 to $1,149,911 in November 2024, with a strong 31% gain since 2019, demonstrating the enduring appeal of historic luxury properties.
23. Parkwood Knolls (Edina)
This exclusive enclave features estate-sized lots and carefully controlled development. The neighborhood’s private atmosphere and architectural standards maintain its position among Edina’s most prestigious addresses.
Property values demonstrate strong growth, climbing 42.8% from $817,536 in 2014 to $1,167,544 in November 2024, with an impressive 36.6% appreciation since 2019, reflecting sustained demand for premium properties.
24. Golf Terrace Heights (Edina)
Overlooking Edina Country Club, Golf Terrace Heights combines prestigious views with estate-caliber homes. The neighborhood’s elevation and proximity to the golf course create an atmosphere of exclusivity.
Values show substantial appreciation, rising 43.1% from $829,292 in 2014 to $1,187,019 in November 2024, with a solid 26% gain since 2019, highlighting the premium placed on golf course locations.
25. Country Club (Edina)
Standing at the pinnacle of Twin Cities luxury real estate, Country Club represents the ultimate in suburban prestige. The neighborhood’s historic estates, many dating to Edina’s early development, showcase exceptional architecture while newer homes maintain the area’s high standards.
Property values demonstrate consistent appreciation despite starting from the highest base, rising 35.2% from $1,009,545 in 2014 to reach $1,364,967 in November 2024, with an impressive 34.6% gain since 2019. This sustained growth at the highest price points underscores Country Club’s enduring position as Minnesota’s most exclusive address.
