The Island Residences

501 Carlson Pky, Minnetonka, MN 55305

Last Updated: Today

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The Island Residences
Total Monthly Price
$1,671 - $3,596
Bedrooms
Studio - 3
Bathrooms
1 - 2
Sq. Ft.
595 - 1,457 sq ft

Rent Specials

Get up to one month free *Minimum lease term applies. Other costs and fees excluded.

Pricing and Floor Plans

Cost Calculator: Estimate your monthly and one-time fees.

Cooks

$1,688 - $1,693 Total Monthly Price
Studio, 1 Bath
612 Sq. Ft.
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2 Available Units
Unit
Total Price
Sq. Ft.
Available
103
$1,688
612
Sep. 29
403
$1,693
612
Oct. 5

Emerald

$1,671 - $1,763 Total Monthly Price
1 Bed, 1 Bath
752 Sq. Ft.
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6 Available Units
Unit
Total Price
Sq. Ft.
Available
330
$1,671
752
Now
409
$1,728
752
Now
212
$1,763
752
Now

Gideon

$2,329 - $2,410 Total Monthly Price
1 Bed, 1 Bath
877 Sq. Ft.
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2 Available Units
Unit
Total Price
Sq. Ft.
Available
404
$2,329
877
Now
304
$2,410
877
Nov. 1

Forest

$2,641 - $2,846 Total Monthly Price
2 Beds, 2 Baths
1,156 Sq. Ft.
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5 Available Units
Unit
Total Price
Sq. Ft.
Available
135
$2,641
1,156
Now
136
$2,641
1,156
Now
114
$2,818
1,156
Now

Maxwell

$2,906 Total Monthly Price
2 Beds, 2 Baths
1,221 Sq. Ft.
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1 Available Unit
Unit
Total Price
Sq. Ft.
Available
319
$2,906
1,221
Now

Grays

$2,581 Total Monthly Price
2 Beds, 2 Baths
1,139 Sq. Ft.
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1 Available Unit
Unit
Total Price
Sq. Ft.
Available
221
$2,581
1,139
Jan. 8

Harrison North

$2,656 Total Monthly Price
2 Beds, 2 Baths
1,145 Sq. Ft.
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1 Available Unit
Unit
Total Price
Sq. Ft.
Available
128
$2,656
1,145
Jan. 25

Lafayette

$3,576 - $3,596 Total Monthly Price
3 Beds, 2 Baths
1,457 Sq. Ft.
Show Floor Plan Details
3 Available Units
Unit
Total Price
Sq. Ft.
Available
408
$3,596
1,457
Oct. 5
107
$3,576
1,457
Oct. 6
407
$3,596
1,457
Nov. 25
Show Unavailable Floor Plans (6)
* Price shown is total price based on community-supplied monthly required fees. Excludes user-selected optional fees and variable or usage-based fees and required charges due at or prior to move-in or at move-out. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice. * Square footage definitions vary. Displayed square footage is approximate.
Floor plans are artist’s rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.

Property Map

Select a unit to view pricing and availability

Details

Lease Term Options

  • 6 - 12 Month Leases

Property Information

  • Built in 2015
  • 174 units5 stories

Specialty Housing Details

This property is intended and operated in accordance with the Housing for Older Persons provisions of the Fair Housing Act.

Fees & Policies

The fees below are based on community-supplied data and may exclude additional fees and utilities.

Utilities & Essentials

  • Utility - Billing Administrative Fee
    $5.35 / mo
  • Utility - Water
    Varies / mo
    Disclaimer: Utility apportionment is allocation: number of occupants in unit.
  • Trash Services - Hauling
    Varies / mo
    Disclaimer: Utility apportionment is allocation: divided eq per occupied unit.
  • Utility - Natural Gas - Third Party
    Varies / mo
  • Utility - Electric - Third Party
    Varies / mo

One-Time Basics

Due at Application

  • Application Fee
    $50

Due at Move-In

  • Administrative Fee
    $150

Property Fee Disclaimer: Total Monthly Leasing Price includes base rent, all monthly mandatory and any user-selected optional fees. Excludes variable/usage-based utilities and services, deposits, and required one-time fees due at or prior to move-in or at move-out. The total price varies on selected options, third-party rates, and other variable factors, including usage-based rates. Security Deposit may change based on screening results, but total will not exceed legal maximums. Some items may be taxed under applicable law. Some fees may not apply to rental homes subject to an affordable program. All fees are subject to application and/or lease terms, which may be requested prior to applying. Prices and availability subject to change. Resident is responsible for damages beyond ordinary wear and tear. Resident may need to maintain insurance and to activate and maintain utility services, including but not limited to electricity, water, gas, and internet, per the lease. Utilities included in rent: None. Pets: Pet breed and other pet restrictions apply. Rentable Items: All Parking, storage, and other rentable items are subject to availability. Final pricing and availability will be determined during lease agreement. See Leasing Agent for details.

Matterport 3D Tours

Explore Commute Options

Drive Time
Walk Time
Bike Ride Time
Public Transit

Property Highlights

  • *In Select Units
  • *Restrictions apply
  • Bike Storage and Workshop
  • Cabanas and Spa
  • Canoe, Kayak & Paddleboard Landing
  • Canoe/Kayak Landing
  • Club Room and Entertainment Kitchen
  • Communal Fire Pit
  • Conference Room and Business Center
  • Designer Roller Shades
  • Direct Access to I-394 and I-494
  • Dog Run/Dog Paths
  • Energy Star Stainless Gas Range
  • Energy Star® Stainless Gas Range
  • Environmentally Friendly
  • Fire Pit, Grilling Lounge and Outdoor Kitchens
  • In-Unit Washer and Dryer
  • LED & Fluorescent Lighting
  • Natural Island Setting on the Lake
  • Natural Setting

Apartment Features

  • Air Conditioning
  • Deck
  • Heating
  • High Speed Internet Access
  • Kitchen
  • Office
  • Oven
  • Range
  • Refrigerator
  • Tub/Shower

Community Features

  • Bicycle Storage
  • Business Center
  • Cabana
  • Clubhouse
  • Conference Rooms
  • Controlled Access
  • Dog Park
  • Elevator
  • Fitness Center
  • Grill

Map of The Island Residences

Area Scores

Walkability

Fairly walkable

Transit

Minimal public transit

Driveability

Exceptionally drivable

Bikeability

Fairly bikeable

Scores provided by

Soundscore

Active

Scores provided by

Transit

Airport

Minneapolis-St Paul International/Wold-Chamberlain

28 min Drive

MSP

Moving to West Minnetonka, Minnetonka, MN

Shopping Centers

Shoppers will appreciate The Island Residences proximity to Westdale Center, Ridgedale Festival Center, and Carlson Center Shoppes. Westdale Center is 0.9 miles away, and Ridgedale Festival Center is within a 22 minute walk.

Parks and Recreation

Recreational activities near The Island Residences are plentiful. Discover 3 parks within 4.2 miles, including Parkers Lake Park, West Medicine Lake Park, and Plymouth Creek Park.

Airports

Living in West Minnetonka provides easy access to Minneapolis-St Paul International/Wold-Chamberlain, located just 30 minutes from The Island Residences.

Local Education

Primary and Secondary Schools

GreatSchools rating: 8 out of 10

Birchview Elementary School

Grades K-5

Public

GreatSchools rating: 8 out of 10

Gleason Lake Elementary

Grades K-5

Public

GreatSchools rating: 3 out of 10

L.H. Tanglen Elementary

Grades PK-5

Public

GreatSchools rating: 9 out of 10

Wayzata Central Middle School

Grades 6-8

Public

GreatSchools rating: 10 out of 10

Wayzata High School

Grades 9-12

Public

Not rated

Excel High School

Grades 6-12

Private

Not rated

Fourth Baptist Christian School

Grades PK-12

Private

Not rated

District Service Center

Grades PK-12

Public

Data provided by GreatSchools.org © 2026. All rights reserved.

GreatSchools

Colleges and Universities

School Commute Time (Distance)
Minneapolis College Drive: 16 min (10 mi)
University of St. Thomas Drive: 16 min (10.5 mi)
North Central University Drive: 19 min (11.3 mi)
North Hennepin Comm. Coll. Drive: 21 min (14.1 mi)

About The Island Residences

Retreat to The Island Residences at Carlson Center, a stunning, 5 story Class A apartment community in Minnetonka. We are uniquely nestled within a secluded and serene natural oasis of lush greenery bounded by water on all sides. In our… well-appointed alcove and one to three bedroom apartment homes, our residents and guests will enjoy the trails and trees surrounding the property, heated underground parking, and the surrounding lake views. . We offer first-class amenities including a clubroom, an onsite guest suite, coffee lounge with WiFi, sauna and spa, and a fitness center that will include world-class strength training and cardiovascular equipment with individual televisions, a stretching area, and free weights. The community will also provide direct access to outdoor amenities, including waterfront views, a pool deck featuring an outdoor grilling lounge and kitchen, fire pit and an exquisite lap pool.

The Island Residences is an apartment community in Minnetonka, MN

Contact

Property Address:
501 Carlson Pky,
Minnetonka, MN 55305
Phone Number: (855) 919-4920
More Information:
View Property Website
Office Hours
  • Sunday Closed
  • Monday 10:00 AM – 6:00 PM
  • Tuesday 10:00 AM – 6:00 PM
  • Wednesday 10:00 AM – 6:00 PM
  • Thursday 10:00 AM – 6:00 PM
  • Friday 10:00 AM – 6:00 PM
  • Saturday 10:00 AM – 5:00 PM
The Island Residences

Renter Reviews

For The Island Residences

4.6

53 Ratings & Reviews

  • 8/27/26

    If there was 6 Stars available, I would rate 6!!

    Driving up to the property is spectacular, the scenery is wonderful and very clean. The office managers etc, were really nice and patient with me. I would definitely recommend “The Island” to everyone.

    Review from Apartments.com

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Contact This Property

(855) 919-4920
Tour Options: In-Person

Languages: English

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