490 Acres of land on the western side of Lake Minnetonka off Halsted Bay is the site of Minnetrista’s new residential development, named Woodland Cove. The development is located on Kings Point Road off Hwy 7, west of County Road 44. The development will consist of approximately one thousand residential lots, constructed over five phases. Lake access and dock rights will be available through the homeowners association. Amenities include a shared clubhouse, featuring a kitchenette and patio, a neighborhood pool and playground. With the developments rollout, the current land owner is reserving phases four and five which will include the lakeshore lots along Halsted Bay.
Currently, the development is in the phase one. This initial phase is planned for 214 residential lots, 174 single family lots and 40 multifamily, on 123 acres and will be located in the center of the Woodland Cove Development. Phase one infrastructure started late fall of 2013 and the builder is on schedule to constuct the model village which consists of 7 model homes. These model homes will be open for the 2014 spring market and the Parade of Homes and prices will range from $185K - $400K.
David Abel, the community development director for the city of Minnetrista, expressed that the city is very excited the project is underway and is looking forward to the growth the development will bring to Minnetrista real estate.