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  • Special offer

    The Island Residences

    501 Carlson Pkwy, Minnetonka, MN 55305

    (1)

    • Special offer! $500 off 1st Month's Base Rent on all Vacant Units! * Minimum lease term applies. Other costs and fees excluded
    • Price shown is Total Price. 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. Utilities included in rent: None.. Review Building overview for details.
    Apartment building
    Studio-2 beds
    Pet-friendly
    Covered parking
    In-unit laundry (W/D)

    What’s available

    This listing now includes required monthly fees in the total price. Learn more
    Studio, 1 ba
    $1,638-1,658

    612 sqft

    3 units available Sep 9-Oct 1

    Price: $1,638Available: Available Oct 1 2025Unit: Unit 303
    Price: $1,653Available: Available Sep 9 2025Unit: Unit 103
    Price: $1,658Available: Available Sep 26 2025Unit: Unit 403
    1 bd, 1 ba
    $1,845

    719 sqft

    1 unit available now

    1 bd, 1 ba
    $1,852-1,927

    752 sqft

    2 units avail. now | 2 avail. Oct 8-Nov 17

    Price: $1,852Available: Available NowUnit: Unit 334
    Price: $1,872Available: Available NowUnit: Unit 430
    Price: $1,882Available: Available Oct 8 2025Unit: Unit 423
    Price: $1,927Available: Available Nov 17 2025Unit: Unit 523
    2 bd, 2 ba
    $2,744

    1,139 sqft

    1 unit available Sep 6

    2 bd, 2 ba
    $3,087

    1,221 sqft

    1 unit available Sep 27

    What's special

    Business center
    Work from home mode: activated
    This building features access to a business center. Only 19% of buildings in Minnetonka have this amenity.
    Price shown is Base Rent. Residents are required to pay: At Application: Admin Fee ($150.00/unit); Application Fee ($50.00/applicant, nonrefundable); At Move-in: Security Deposit (Refundable) ($500.00/unit); Monthly: Pest Control ($2.00/unit); Stormwater/Drainage (usage-based); Utility-Billing Admin Fee ($5.35/unit); Trash-Hauling (varies); Natural Gas-3rd Party (usage-based); Electric-3rd Party (usage-based); Water (usage-based); Sewer (usage-based); Renters Liability Insurance-3rd Party (varies). Please visit the property website for a full list of all optional and situational fees. 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. Price shown is Total Price. Residents are required to pay: At Application: Admin Fee ($150.00/unit); Application Fee ($50.00/applicant, nonrefundable); At Move-in: Security Deposit (Refundable) ($500.00/unit); Monthly: Pest Control ($2.00/unit); Stormwater/Drainage (usage-based); Utility-Billing Admin Fee ($5.35/unit); Trash-Hauling (varies); Natural Gas-3rd Party (usage-based); Electric-3rd Party (usage-based); Water (usage-based); Sewer (usage-based); Renters Liability Insurance-3rd Party (varies). Please visit the property website for a full list of all optional and situational fees. 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. The leasing office is officially open at The Island Contact us today to schedule a tour! The Island Life awaits. Retreat to modern luxury at The Island Residences at Carlson Parkway. 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 v

    Office hours

    DayOpen hours
    Mon - Fri:10 am - 6 pm
    Sat:10 am - 5 pm
    Sun:Closed

    Property map

    Tap on any highlighted unit to view details on availability and pricing

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    Facts, features & policies

    Building Amenities

    Community Rooms
    • Business Center: Conference Room and Business Center
    • Club House: Clubroom with Demonstration Kitchen
    • Conference Room: Private Conference Room
    • Fitness Center: Fitness and Yoga
    • Lounge: Fire Pit, Grilling Lounge and Outdoor Kitchens
    Other
    • In Unit: In-Unit Washer and Dryer
    • Sauna
    • Swimming Pool: Outdoor Terrace with Lap Pool
    Outdoor common areas
    • Sundeck: Outdoor Terrace with Lap Pool
    Security
    • Controlled Access
    Services & facilities
    • Bicycle Storage: Bike Storage and Workshop
    • Guest Suite: Guest Suite for Residents' Visitors
    • On-Site Management

    Unit Features

    Appliances
    • Dryer: In-Unit Washer and Dryer
    • Range: Energy Star Stainless Gas Range
    • Washer: In-Unit Washer and Dryer
    Cooling
    • Air Conditioning
    Flooring
    • Tile: Tile Flooring
    Other
    • *in Select Units
    • Designer Roller Shades
    • Environmentally Friendly
    • Hard Surface Counter Tops
    • Individual Climate Control
    • Island Kitchen
    • Large Closets
    • Led & Fluorescent Lighting
    • Linen Closet
    • Pantry
    • Vaulted Ceiling

    Policies

    Lease terms
    • Available months 6, 9, 12
    Pets
    Cats
    • Allowed
    • 2 pet max
    • $200 pet deposit
    • $75 monthly pet fee
    • Restrictions: We welcome 2 pets per apartment home. There is a $250 non-refundable pet deposit (which includes up to 2 pets). Monthly charge for one pet $50. Monthly charge for two pets $75. Aggressive breeds are prohibited. Please contact our leasing office for complete Pet Policy.
    Dogs
    • Allowed
    • 2 pet max
    • $200 pet deposit
    • $75 monthly pet fee
    • Restrictions: We welcome 2 pets per apartment home. There is a $250 non-refundable pet deposit (which includes up to 2 pets). Monthly charge for one pet $50. Monthly charge for two pets $75. Aggressive breeds are prohibited. Please contact our leasing office for complete Pet Policy.

    Special Features

    • *restrictions Apply
    • Cabanas And Spa
    • Canoe, Kayak & Paddleboard Landing
    • Canoe/kayak Landing
    • Club Room And Entertainment Kitchen
    • Communal Fire Pit
    • Direct Access To I-394 And I-494
    • Dog Run/dog Paths
    • Natural Island Setting On The Lake
    • Natural Setting
    • Onsite Scenic Walking Paths
    • Pet Friendly
    • Pet-friendly Areas & Pet Spa*
    • Poolside Outdoor Kitchen
    • Proximity To Lake Minnetonka And Wayzata Bay
    • Proximity To Office
    • Running Trails
    • Surrounded By Water
    • Walking Paths Tied Into Carlson Center
    • Wi-fi In Common Areas
    • Wine Storage And Private Tasting Room

    Reviews

    5.0  

      

    5.0  

      

     | May 22, 2018

     Property

    Great - very nice property

     Management

    Very nice and friendly

    Wow, we're glad you had such a wonderful experience with us! Jamie W., Community Manager


    Neighborhood: 55305

    East Minnetonka blends suburban comfort with easy access to Minneapolis. Its neighborhoods are leafy, and its shopping and dining scene is strong. Most rentals run from $1,400 to $2,200.

    Powered by Zillow data and AI technology.

    Areas of interest

    Use our interactive map to explore the neighborhood and see how it matches your interests.

    Travel times

    Points of Interest

    Groceries

    Distance
    Lunds & Byerlys Ridgedale1 mi
    Lunds & Byerlys Wines & Spirits1 mi
    Vicksburg Liquor1 mi
    Country Glazed Hams0.5 mi
    Candiquik.com1 mi
    The Island Residences has 5 grocery stores within a 1 mile distance.

    Shopping

    Distance
    ULTA Beauty1 mi
    Barnes & Noble1 mi
    The Tile Shop0.8 mi
    Men's Wearhouse0.5 mi
    Holiday Stationstores0.8 mi
    The Island Residences has 5 shopping centers within a 1 mile distance.

    Parks and recreation

    Distance
    CorePower Yoga - Minnetonka0.6 mi
    Parker's Lake Golf Center1 mi
    9Round Fitness0.7 mi
    Pursuit Martial Arts A1 mi
    The Vibe Dance And Fitness0.6 mi
    The Island Residences has 5 parks and recreation locations within a 1 mile distance.

    Fitness

    Distance
    CorePower Yoga - Minnetonka0.6 mi
    9Round Fitness0.7 mi
    The Vibe Dance And Fitness0.6 mi
    Accelerated Sports Therapy & Fitness0.9 mi
    Momentum School of Dance0.6 mi
    The Island Residences has 5 fitness centers within a 0.9 mile distance.

    Walk, Transit & Bike Scores

    14 / 100
    Car-Dependent
    24 / 100
    Minimal Transit
    43 / 100
    Somewhat Bikeable

    Nearby schools in Minnetonka

    GreatSchools rating

    Frequently asked questions

    What is the walk score of The Island Residences?

    The Island Residences has a walk score of 14, it's car-dependent.

    What is the transit score of The Island Residences?

    The Island Residences has a transit score of 24, it has minimal transit.

    What schools are assigned to The Island Residences?

    The schools assigned to The Island Residences include Birchview Elementary School, Wayzata Central Middle School, and Wayzata High School.

    Does The Island Residences have in-unit laundry?

    Yes, The Island Residences has in-unit laundry for some or all of the units.

    What neighborhood is The Island Residences in?

    The Island Residences is in the 55305 neighborhood in Minnetonka, MN.

    What are The Island Residences's policies on pets?

    A maximum of 2 cats are allowed per unit. To have a cat at The Island Residences there is a required deposit of $200. This building has monthly fee of $75 for cats. A maximum of 2 dogs are allowed per unit. To have a dog at The Island Residences there is a required deposit of $200. This building has monthly fee of $75 for dogs.

    Does The Island Residences have virtual tours available?

    Yes, 3D and virtual tours are available for The Island Residences.

    Market Trends

    Rental market summary

    The average rent for all beds and all property types in Minnetonka, MN is $2,200.

    Average rent

    $2,200

    Month-over-month

    +$47

    Year-over-year

    +$100

    Available rentals

    64

    Minnetonka, MN Rental Market Data
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