Welcome to this beautifully updated 5-bedroom, 4-bathroom home in a quiet, sought-after Deephaven neighborhood, within walking distance of Lake Minnetonka beaches and the award-winning Minnetonka Public School District. Blending timeless character with thoughtful modern updates, this home offers exceptional indoor and outdoor living near restaurants, shopping, and local amenities. The light-filled main level features beautiful seamless flooring, two spacious living rooms with large picture windows, recessed lighting, and a gas fireplace. The updated kitchen offers abundant white cabinetry, generous counter space, a center island, stainless steel appliances, cooktop with hood, and walk-in pantry, opening to the bright dining room and charming sitting area with built-ins and patio access. A main-level office/den, spacious mudroom, laundry room, and full bath complete the main level. Upstairs are four bedrooms, including a spacious primary suite with walk-in closet and private ¾ bath, plus three additional generously sized bedrooms and a shared full bath. The lower level adds a fifth bedroom with egress window, spa-like ¾ bath with heated floors and walk-in tile shower, and a relaxing sauna. Enjoy the beautifully landscaped backyard featuring mature apple trees, spacious patio, firepit, water feature, terraced lawn, and natural rock accents. A charming detached garage provides additional storage, while the oversized attached 2-car garage is insulated and equipped with a mini-split for heating and cooling. A truly special Deephaven property offering character, modern updates, and an enviable location near Lake Minnetonka. Please note: the main road has just been freshly repaved.