Deephaven is a small city in Hennepin County, Minnesota, United States. The community is located on Lake Minnetonka. The community’s center is the historic Cottagewood General Store, which has been serving the Lake Minnetonka area since 1895. It is located 14 miles (23 km) west-southwest of downtown Minneapolis. The population was 3,642 as of the 2010 Census, down from 3,853 as of the 2000 census.

Lake Minnetonka is a lake located about 16 miles (26 km) west-southwest of Minneapolis, Minnesota. Lake Minnetonka has about 23 named bays and areas. The lake lies within Hennepin and Carver counties and is surrounded by 13 incorporated municipalities. At 14,528 acres (5,879 ha), it is Minnesota's ninth largest lake. It is a popular spot for local boaters, sailors, and fishermen.