Minnetonka is, per capita, the most wealthy city in Minnesota.
Wayzata, Excelsior, Deephaven, Edina, etc. are often pegged with this title but it is in fact Minnetonka that holds it.
Although Minnetonka does not hold a majority, or even a large minority, of the lake front area of Lake Minnetonka, it does however contain all of the Gray's Bay area, which has by far the highest land prices on the lake.