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The Island Residences Apartments

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(833) 562-0412
Check Availability
501 Carlson Pky, Minnetonka, MN 55305

Contact

The Island Residences

501 Carlson Pky
Minnetonka, MN 55305
(833) 562-0412
The Island Residences in Minnetonka, MN - Building Photo
  • Studio–3 Bedrooms
  • $1,921-$3,049 Total Monthly Price

    Total Monthly Price

    Base Rent
    $1,916 - $3,044
    Required Monthly Fees
    $5

    Total Monthly Price
    $1,921 - $3,049
  • 595–1,457 Square Feet

Rent Specials

Receive up to $750 off first month's base rent on select apartments! *Minimum lease term applies. Other costs and fees excluded.

About The Island Residences

The Island Residences is located in the West Minnetonka Neighborhood and 55305 Zip code of Minnetonka, MN. This community is professionally managed by Greystar Real Estate Partners

Unique Features and Amenities

  • *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
  • Onsite Scenic Walking Paths
  • Outdoor Terrace with Lap Pool
  • Pet Friendly
  • Pet-Friendly Areas & Pet Spa*
  • Poolside Outdoor Kitchen
  • Proximity to Lake Minnetonka and Wayzata Bay
  • Proximity to Office
  • Running Trails
  • Secured Bicycle Storage
  • Surrounded by Water
  • Walking Paths Tied into Carlson Center
  • Wi-Fi in Common Areas
  • Wine Storage and Private Tasting Room

See All Amenities

Property Contact Info

Office Hours

Monday10:00 am–6:00 pm
Tuesday10:00 am–6:00 pm
Wednesday10:00 am–6:00 pm
Thursday10:00 am–6:00 pm
Friday10:00 am–6:00 pm
Saturday10:00 am–5:00 pm
SundayClosed

Floorplan Pricing and Availability

The Island Residences offers Studio to 3 Bedroom apartments starting from $1,921 and having 595–1,457 sq ft. Here is the current pricing and availability:

Cost CalculatorEstimate your monthly and one-time fees
  • Studio

    Cooks

    $1,986

    Studio, 1 Bath, 612 sq ft
    Total Monthly Price

    Total Monthly Price

    Base Rent
    $1,981
    Required Monthly Fees
    $5

    Total Monthly Price
    $1,986
    Available Aug 15

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,986 August 15, 2026503612
    Prices shown for this property are the Total Monthly Price including Fees.

    Unit 503 Amenities and Features

    Features

    • High Speed Internet Access

    Unique Features

    • *In Select Units
    • Designer Roller Shades
    • Energy Star Stainless Gas Range
    • Environmentally Friendly
    • In-Unit Washer and Dryer
    • LED & Fluorescent Lighting

    Unit 503 Lease Information

    Unit Price

    • $1,986Total Monthly Price
      Base Rent: $1,981
      Required Monthly Fees: $5
    • View Details and Rent Estimate

    Model Lease Information

    Price

    • $1,986Total Monthly Price

    Crystal

    Studio, 1 Bath, 595 sq ft
     

    Availability Details

    Availability DateUnitSq Ft
    Call for AvailabilityCrystal595 sq ft
    Prices shown for this property are the Total Monthly Price including Fees.

    Model Amenities and Features

    Features

    • Air Conditioning
    • High Speed Internet Access

    Living Space

    • Walk-In Closets

    Unique Features

    • *In Select Units
    • Controlled Access
    • Designer Roller Shades
    • Energy Star Stainless Gas Range
    • Environmentally Friendly
    • In-Unit Washer and Dryer
    • LED & Fluorescent Lighting
    Show Unavailable Floorplans
  • 1 Bedroom

    Emerald

    From $2,090

    1 Bed, 1 Bath, 752 sq ft
    Total Monthly Price

    Total Monthly Price

    Base Rent
    $2,085 - $2,095
    Required Monthly Fees
    $5

    Total Monthly Price
    $2,090 - $2,100
    Available Aug 9

    Availability Details

    PriceAvailability DateUnitSq FtView Details
    $2,100 August 9, 2026424752
    $2,090 August 12, 2026323752
    $2,091 October 7, 2026213752
    Prices shown for this property are the Total Monthly Price including Fees.

    Model Amenities and Features

    Features

    • Air Conditioning
    • High Speed Internet Access

    Living Space

    • Walk-In Closets

    Unique Features

    • *In Select Units
    • Controlled Access
    • Designer Roller Shades
    • Energy Star Stainless Gas Range
    • Environmentally Friendly
    • In-Unit Washer and Dryer
    • LED & Fluorescent Lighting

    Model Lease Information

    Model Price Range

    • $2,090 - $2,100Total Monthly Price
      Base Rent: $2,085 - $2,095
      Required Monthly Fees: $5

    Unit 424 Amenities and Features

    Features

    • High Speed Internet Access

    Living Space

    • Walk-In Closets

    Unique Features

    • *In Select Units
    • Designer Roller Shades
    • Energy Star Stainless Gas Range
    • Environmentally Friendly
    • In-Unit Washer and Dryer
    • LED & Fluorescent Lighting

    Unit 424 Lease Information

    Unit Price

    • $2,100Total Monthly Price
      Base Rent: $2,095
      Required Monthly Fees: $5
    • View Details and Rent Estimate

    Model Lease Information

    Model Price Range

    • $2,090 - $2,100Total Monthly Price

    Unit 323 Amenities and Features

    Features

    • High Speed Internet Access

    Living Space

    • Walk-In Closets

    Unique Features

    • *In Select Units
    • Designer Roller Shades
    • Energy Star Stainless Gas Range
    • Environmentally Friendly
    • In-Unit Washer and Dryer
    • LED & Fluorescent Lighting

    Unit 323 Lease Information

    Unit Price

    • $2,090Total Monthly Price
      Base Rent: $2,085
      Required Monthly Fees: $5
    • View Details and Rent Estimate

    Model Lease Information

    Model Price Range

    • $2,090 - $2,100Total Monthly Price

    Unit 213 Amenities and Features

    Features

    • High Speed Internet Access

    Living Space

    • Walk-In Closets

    Unique Features

    • *In Select Units
    • Designer Roller Shades
    • Energy Star Stainless Gas Range
    • Environmentally Friendly
    • In-Unit Washer and Dryer
    • LED & Fluorescent Lighting

    Unit 213 Lease Information

    Unit Price

    • $2,091Total Monthly Price
      Base Rent: $2,086
      Required Monthly Fees: $5
    • View Details and Rent Estimate

    Model Lease Information

    Model Price Range

    • $2,090 - $2,100Total Monthly Price

    Gideon

    $2,801

    1 Bed, 1 Bath, 877 sq ft
    Total Monthly Price

    Total Monthly Price

    Base Rent
    $2,796
    Required Monthly Fees
    $5

    Total Monthly Price
    $2,801
    Available Aug 13
    Largest 1 BedroomThis is the largest 1 Bedroom at this Property

    Availability Details

    PriceAvailability DateUnitSq Ft
    $2,801 August 13, 2026404877
    Prices shown for this property are the Total Monthly Price including Fees.

    Unit 404 Amenities and Features

    Features

    • High Speed Internet Access

    Living Space

    • Walk-In Closets

    Unique Features

    • *In Select Units
    • Designer Roller Shades
    • Energy Star Stainless Gas Range
    • Environmentally Friendly
    • In-Unit Washer and Dryer
    • LED & Fluorescent Lighting

    Unit 404 Lease Information

    Unit Price

    • $2,801Total Monthly Price
      Base Rent: $2,796
      Required Monthly Fees: $5
    • View Details and Rent Estimate

    Model Lease Information

    Price

    • $2,801Total Monthly Price

    Dutch

    $1,921

    1 Bed, 1 Bath, 635 sq ft
    Total Monthly Price

    Total Monthly Price

    Base Rent
    $1,916
    Required Monthly Fees
    $5

    Total Monthly Price
    $1,921
    Available Aug 26
    Cheapest 1 BedroomThis is the cheapest 1 Bedroom at this Property

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,921 August 26, 2026311635
    Prices shown for this property are the Total Monthly Price including Fees.

    Unit 311 Amenities and Features

    Features

    • High Speed Internet Access

    Unique Features

    • *In Select Units
    • Designer Roller Shades
    • Energy Star Stainless Gas Range
    • Environmentally Friendly
    • In-Unit Washer and Dryer
    • LED & Fluorescent Lighting

    Unit 311 Lease Information

    Unit Price

    • $1,921Total Monthly Price
      Base Rent: $1,916
      Required Monthly Fees: $5
    • View Details and Rent Estimate

    Model Lease Information

    Price

    • $1,921Total Monthly Price

    Echo

    1 Bed, 1 Bath, 719 sq ft
     

    Availability Details

    Availability DateUnitSq Ft
    Call for AvailabilityEcho719 sq ft
    Prices shown for this property are the Total Monthly Price including Fees.

    Model Amenities and Features

    Features

    • Air Conditioning
    • High Speed Internet Access

    Living Space

    • Walk-In Closets

    Unique Features

    • *In Select Units
    • Controlled Access
    • Designer Roller Shades
    • Energy Star Stainless Gas Range
    • Environmentally Friendly
    • In-Unit Washer and Dryer
    • LED & Fluorescent Lighting

    Halsted

    1 Bed, 1 Bath, 783 sq ft
     

    Availability Details

    Availability DateUnitSq Ft
    Call for AvailabilityHalsted783 sq ft
    Prices shown for this property are the Total Monthly Price including Fees.

    Model Amenities and Features

    Features

    • Air Conditioning
    • High Speed Internet Access

    Living Space

    • Walk-In Closets

    Unique Features

    • *In Select Units
    • Controlled Access
    • Designer Roller Shades
    • Energy Star Stainless Gas Range
    • Environmentally Friendly
    • In-Unit Washer and Dryer
    • LED & Fluorescent Lighting

    Jennings

    1 Bed, 1 Bath, 827 sq ft
     

    Availability Details

    Availability DateUnitSq Ft
    Call for AvailabilityJennings827 sq ft
    Prices shown for this property are the Total Monthly Price including Fees.

    Model Amenities and Features

    Features

    • Air Conditioning
    • High Speed Internet Access

    Living Space

    • Walk-In Closets

    Unique Features

    • *In Select Units
    • Controlled Access
    • Designer Roller Shades
    • Energy Star Stainless Gas Range
    • Environmentally Friendly
    • In-Unit Washer and Dryer
    • LED & Fluorescent Lighting
    Show Unavailable Floorplans
  • 2 Bedrooms

    Harrison South

    From $2,718

    2 Beds, 2 Baths, 1124 sq ft
    Total Monthly Price

    Total Monthly Price

    Base Rent
    $2,713 - $2,733
    Required Monthly Fees
    $5

    Total Monthly Price
    $2,718 - $2,738
    Available Now
    Cheapest 2 BedroomThis is the cheapest 2 Bedroom at this Property

    Availability Details

    PriceAvailability DateUnitSq FtView Details
    $2,738Available Now4291124
    $2,718Available Now3271124
    Prices shown for this property are the Total Monthly Price including Fees.

    Model Amenities and Features

    Features

    • Air Conditioning
    • High Speed Internet Access

    Living Space

    • Walk-In Closets

    Unique Features

    • *In Select Units
    • Controlled Access
    • Designer Roller Shades
    • Energy Star Stainless Gas Range
    • Environmentally Friendly
    • In-Unit Washer and Dryer
    • LED & Fluorescent Lighting

    Model Lease Information

    Model Price Range

    • $2,718 - $2,738Total Monthly Price
      Base Rent: $2,713 - $2,733
      Required Monthly Fees: $5

    Unit 429 Amenities and Features

    Features

    • High Speed Internet Access

    Living Space

    • Walk-In Closets

    Unique Features

    • *In Select Units
    • Designer Roller Shades
    • Energy Star Stainless Gas Range
    • Environmentally Friendly
    • In-Unit Washer and Dryer
    • LED & Fluorescent Lighting

    Unit 429 Lease Information

    Unit Price

    • $2,738Total Monthly Price
      Base Rent: $2,733
      Required Monthly Fees: $5
    • View Details and Rent Estimate

    Model Lease Information

    Model Price Range

    • $2,718 - $2,738Total Monthly Price

    Unit 327 Amenities and Features

    Features

    • High Speed Internet Access

    Living Space

    • Walk-In Closets

    Unique Features

    • *In Select Units
    • Designer Roller Shades
    • Energy Star Stainless Gas Range
    • Environmentally Friendly
    • In-Unit Washer and Dryer
    • LED & Fluorescent Lighting

    Unit 327 Lease Information

    Unit Price

    • $2,718Total Monthly Price
      Base Rent: $2,713
      Required Monthly Fees: $5
    • View Details and Rent Estimate

    Model Lease Information

    Model Price Range

    • $2,718 - $2,738Total Monthly Price

    Forest

    From $3,003

    2 Beds, 2 Baths, 1156 sq ft
    Total Monthly Price

    Total Monthly Price

    Base Rent
    $2,998 - $3,044
    Required Monthly Fees
    $5

    Total Monthly Price
    $3,003 - $3,049
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtView Details
    $3,003Available Now1351156
    $3,003Available Now1361156
    $3,049 September 4, 20261141156
    Prices shown for this property are the Total Monthly Price including Fees.

    Model Amenities and Features

    Features

    • Air Conditioning
    • High Speed Internet Access

    Living Space

    • Walk-In Closets

    Unique Features

    • *In Select Units
    • Controlled Access
    • Designer Roller Shades
    • Energy Star Stainless Gas Range
    • Environmentally Friendly
    • In-Unit Washer and Dryer
    • LED & Fluorescent Lighting

    Model Lease Information

    Model Price Range

    • $3,003 - $3,049Total Monthly Price
      Base Rent: $2,998 - $3,044
      Required Monthly Fees: $5

    Unit 135 Amenities and Features

    Features

    • High Speed Internet Access

    Living Space

    • Walk-In Closets

    Unique Features

    • *In Select Units
    • Designer Roller Shades
    • Energy Star Stainless Gas Range
    • Environmentally Friendly
    • In-Unit Washer and Dryer
    • LED & Fluorescent Lighting

    Unit 135 Lease Information

    Unit Price

    • $3,003Total Monthly Price
      Base Rent: $2,998
      Required Monthly Fees: $5
    • View Details and Rent Estimate

    Model Lease Information

    Model Price Range

    • $3,003 - $3,049Total Monthly Price

    Unit 136 Amenities and Features

    Features

    • High Speed Internet Access

    Living Space

    • Walk-In Closets

    Unique Features

    • *In Select Units
    • Designer Roller Shades
    • Energy Star Stainless Gas Range
    • Environmentally Friendly
    • In-Unit Washer and Dryer
    • LED & Fluorescent Lighting

    Unit 136 Lease Information

    Unit Price

    • $3,003Total Monthly Price
      Base Rent: $2,998
      Required Monthly Fees: $5
    • View Details and Rent Estimate

    Model Lease Information

    Model Price Range

    • $3,003 - $3,049Total Monthly Price

    Unit 114 Amenities and Features

    Features

    • High Speed Internet Access

    Living Space

    • Walk-In Closets

    Unique Features

    • *In Select Units
    • Designer Roller Shades
    • Energy Star Stainless Gas Range
    • Environmentally Friendly
    • In-Unit Washer and Dryer
    • LED & Fluorescent Lighting

    Unit 114 Lease Information

    Unit Price

    • $3,049Total Monthly Price
      Base Rent: $3,044
      Required Monthly Fees: $5
    • View Details and Rent Estimate

    Model Lease Information

    Model Price Range

    • $3,003 - $3,049Total Monthly Price

    Harrison North

    $2,824

    2 Beds, 2 Baths, 1145 sq ft
    Total Monthly Price

    Total Monthly Price

    Base Rent
    $2,819
    Required Monthly Fees
    $5

    Total Monthly Price
    $2,824
    Available Jul 27

    Availability Details

    PriceAvailability DateUnitSq Ft
    $2,824 July 27, 20262261145
    Prices shown for this property are the Total Monthly Price including Fees.

    Unit 226 Amenities and Features

    Features

    • High Speed Internet Access

    Living Space

    • Walk-In Closets

    Unique Features

    • *In Select Units
    • Designer Roller Shades
    • Energy Star Stainless Gas Range
    • Environmentally Friendly
    • In-Unit Washer and Dryer
    • LED & Fluorescent Lighting

    Unit 226 Lease Information

    Unit Price

    • $2,824Total Monthly Price
      Base Rent: $2,819
      Required Monthly Fees: $5
    • View Details and Rent Estimate

    Model Lease Information

    Price

    • $2,824Total Monthly Price

    Grays

    2 Beds, 2 Baths, 1139 sq ft
     

    Availability Details

    Availability DateUnitSq Ft
    Call for AvailabilityGrays1139 sq ft
    Prices shown for this property are the Total Monthly Price including Fees.

    Model Amenities and Features

    Features

    • Air Conditioning
    • High Speed Internet Access

    Living Space

    • Walk-In Closets

    Unique Features

    • *In Select Units
    • Controlled Access
    • Designer Roller Shades
    • Energy Star Stainless Gas Range
    • Environmentally Friendly
    • In-Unit Washer and Dryer
    • LED & Fluorescent Lighting

    Maxwell

    2 Beds, 2 Baths, 1221 sq ft
     
    Largest 2 BedroomThis is the largest 2 Bedroom at this Property

    Availability Details

    Availability DateUnitSq Ft
    Call for AvailabilityMaxwell1221 sq ft
    Prices shown for this property are the Total Monthly Price including Fees.

    Model Amenities and Features

    Features

    • Air Conditioning
    • High Speed Internet Access

    Living Space

    • Walk-In Closets

    Unique Features

    • *In Select Units
    • Controlled Access
    • Designer Roller Shades
    • Energy Star Stainless Gas Range
    • Environmentally Friendly
    • In-Unit Washer and Dryer
    • LED & Fluorescent Lighting
    Show Unavailable Floorplans
  • 3 Bedrooms

    Lafayette

    3 Beds, 2 Baths, 1457 sq ft
     

    Availability Details

    Availability DateUnitSq Ft
    Call for AvailabilityLafayette1457 sq ft
    Prices shown for this property are the Total Monthly Price including Fees.

    Model Amenities and Features

    Features

    • Air Conditioning
    • High Speed Internet Access

    Living Space

    • Walk-In Closets

    Unique Features

    • *In Select Units
    • Controlled Access
    • Designer Roller Shades
    • Energy Star Stainless Gas Range
    • Environmentally Friendly
    • In-Unit Washer and Dryer
    • LED & Fluorescent Lighting
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.

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Call us at: (833) 562-0412 to schedule a tour.

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Property Information

  • 174 Units
  • 5 Stories
  • Built in 2015

Lease Terms

  • 6, 9, 12 mo

Fees and Policies

The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified. Use the Cost Calculator to determine costs based on your needs.

Required Fees

Utilities

Utility - Billing Administrative FeeiMax of 1. Amount to manage utility services billing.$5.35/mo
Utility - WateriMax of 1. Usage-Based (Utilities). Amount for provision and consumption of water.Varies/mo
Disclaimer: Utility apportionment is allocation: number of occupants in unit.
Trash Services - HaulingiMax of 1. Amount for shared trash/waste services.Varies/mo
Disclaimer: Utility apportionment is allocation: divided eq per occupied unit.
Utility - Natural Gas - Third PartyiMax of 1. Usage-Based (Utilities). Amount for provision and consumption of natural gas paid to a third party.Varies/mo
Utility - Electric - Third PartyiMax of 1. Usage-Based (Utilities). Amount for provision and consumption of electric paid to a third party.Varies/mo
Utility - SeweriMax of 1. Usage-Based (Utilities). Amount for provision of sewer services.Varies/mo
Disclaimer: Utility apportionment is allocation: number of occupants in unit.
Renters Liability Insurance - Third PartyiMax of 1. Amount for renters liability insurance obtained through resident's provider of choice.Varies/mo
Disclaimer: Price varies based on selections with third party provider.
Utility - Stormwater/DrainageiMax of 1. Usage-Based (Utilities). Amount for provision of storm water services.Varies/mo
Disclaimer: Utility apportionment is allocation: divided eq per unit.

One-Time Basics

Due at Application
Application FeeiMax of 1. Amount to process application, initiate screening, and take a rental home off the market.$50
Due at Move-In
Administrative FeeiMax of 1. Amount to facilitate move-in process for a resident.$150

Other Fees and Policies

Situational Fees

Lease ViolationiMax of 1. Amount for violation of community policies and/or per lease terms.Varies/per occurrence
Disclaimer: Price varies based on type of non-compliance.
Intra-Community Transfer FeeiMax of 1. Amount due when transferring to another rental unit within community.$500/per occurrence
Lease Buy OutiMax of 1. Amount agreed upon by resident to terminate lease early and satisfy lease terms; additional conditions apply.200.0% of base rent/per occurrence
Late FeeiMax of 1. Amount for paying after rent due date; per terms of lease.7.99% of base rent/per occurrence
Insufficient Move-Out Notice FeeiMax of 1. Amount for not providing notice to move-out as required by lease.100.0% of base rent/per occurrence
Access/Lock Change FeeiMax of 1. Amount to change or reprogram access to rental home.$100/per occurrence
Access Device - ReplacementiMax of 1. Amount to obtain a replacement access device for community; fobs, keys, remotes, access passes.$100/per occurrence
Access Fee - After HoursiMax of 1. Amount for access to rental home after business hours.$50/per occurrence
Utility - Vacant Cost RecoveryiMax of 1. Usage-Based (Utilities). Amount for utility usage not transferred to resident responsibility any time during occupancy.Varies/per occurrence
Returned Payment Fee (NSF)iMax of 1. Amount for returned payment.$30/per occurrence
Utility - Vacant Processing FeeiMax of 1. Amount for failing to transfer utilities into resident name.$17.42/per occurrence
Renters Liability Only - Non-ComplianceiMax of 1. Amount for not maintaining required Renters Liability Policy.$15/per occurrence
Security Deposit AlternativeiMax of 1. Amount for alternate program in lieu of paying a traditional security deposit.Varies
Disclaimer: Price varies based on selections with third party provider.
Comments:

Max of 1.

Personal Add-Ons

Cable TV and Internet ServicesiMax of 1. Amount for cable and internet services in rental home.Varies/mo
Disclaimer: Price varies based on selections with third party provider.
Comments:

Max of 1.

Pet Fees

Cat
Pet FeeiMax of 1. Amount to facilitate authorized pet move-in.$250
Pet RentiMax of 2. Monthly amount for authorized pet.$50-$75/mo
Disclaimer: Price varies based on pet type.
Comments:

Max of 1.

Dog
Pet FeeiMax of 1. Amount to facilitate authorized pet move-in.$250
Pet RentiMax of 2. Monthly amount for authorized pet.$50-$75/mo
Disclaimer: Price varies based on pet type.
Comments:

Max of 1.

Cats
  • 2 Pet Limit
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
  • 2 Pet Limit
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.

Parking Fees

Electric Vehicle Parking
Parking FeeiMax of 1. Amount for electric vehicle space; reserved or pay-per-use station. May be subject to availability.$150/mo
Comments:

Max of 1.

Covered
Parking FeeiMax of 1. Amount for covered parking space/services. May be subject to availability.$30-$125/mo
Disclaimer: Price varies based on rentable item type.
Comments:

Max of 1.

Additional Parking Options

Electric Vehicle Parking
Covered

Storage Fees

Storage Unit
Storage FeeiMax of 1. Amount for usage of optional storage space. May be subject to availability.$130/mo
Comments:

Max of 1.

Storage
Storage Unit

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.

Features and Amenities

On-Site Services

  • Maintenance On Site
  • Package Service
  • Property Manager On Site
  • Recycling
  • Laundry Facilities

Community Features

  • Business Center
  • Clubhouse
  • Lounge
  • Conference Rooms
  • Elevator

Outdoor Features

  • Grill
  • Sundeck
  • Waterfront
  • Cabana
  • Controlled Access
  • Deck

Recreation and Fitness

  • Fitness Center
  • Spa
  • Sauna
  • Bicycle Storage
  • Walking/Biking Trails
  • Pool

Interior Features

  • Tub/Shower
  • Heating
  • Air Conditioning
  • Wi Fi
  • Wheelchair Accessible (Rooms)

Kitchen Amenities

  • Oven
  • Range
  • Refrigerator
  • Kitchen

Living Area Features

  • Walk In Closets
  • Workshop
  • Office
Google Map

Map

501 Carlson Pky, Minnetonka, MN 55305

Frequently Asked Questions about The Island Residences

Where is The Island Residences located?

The Island Residences is located at 501 Carlson Pky near the West Minnetonka area of Minnetonka, MN

What is the current rent range at The Island Residences?

Studio to 3 Bedroom Apartments at The Island Residences currently range from $1,921 to $3,049

When is the leasing office open?

  • The office Hours for The Island Residences are
  • 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
  • Sunday Closed

Are pets allowed?

Call us today to find out our pet policy and if we allow pets

Are there any rent specials?

The current rent special at The Island Residences is: Receive up to $750 off first month's base rent on select apartments! *Minimum lease term applies. Other costs and fees excluded..

Lifestyle Ratings

  • Active Lifestyle 3.8

    From fitness centers to pools to putting greens, Active Lifestyle apartments feature local listings with the most amenities that support an always active lifestyle.

    Rating Factors

    This 3.8-star Active Lifestyle rating is based on the following features:

    • Waterfront Community
    • Walking/Biking Trails
    • Sauna
    • Bicycle Storage
    • Swimming Pool(s)
    • Fitness Center
    • Whirlpool/Spa/Sauna
Learn more about Lifestyle Search

Renters Reviews and Ratings

4.6
52 Renters Reviews
  • Come to The Island!

    December 13, 2025 - Review from Apartments.com
    An absolute gem! Have lived here for 5 years with no plans to move. Ideal location, responsive staff, rustic walking trail surrounded by a lake (wildflowers! fountains!), beautiful landscaping, fast maintenance, friendly community, active by day but quiet at night, pet friendly to the max, all (uniquely) on an Island setting!
    • Property Manager Responded

      December 18, 2025
      Thank you so much for this incredible review! ?? We’re truly honored that you’ve chosen to call our community home for the past five years—and even more thrilled to hear you have no plans to leave. It’s wonderful to know that the island setting, walking trails, landscaping, and pet-friendly atmosphere have made such a positive impact, along with our team’s responsiveness and maintenance support. Creating an active, welcoming community that stays peaceful at night is exactly what we strive for. We’re grateful to have you as part of our community and look forward to many more years together! Thank you, Jake Beiersdorf Sr. Community Manager
  • Verified Renter

    November 16, 2022 - Review from Apartments.com
    I’ve lived here for 2 weeks and I absolutely love it. I love the community feel and having management work on site. Maintenance is very responsive and quick. The amenities and building are always well kept and look great.
    • Property Manager Responded

      December 5, 2022
      Hi, thank you for your kind review; we are happy to pass along your comments to the maintenance team here at The Island Residences! Please don't hesitate to reach out to us if there's anything more we can do! -Lindsay P., Community Manager
  • Verified Renter

    November 11, 2022 - Review from Apartments.com
    I love living here. Very clean and beautiful apartment building and community. Would recommend to anyone!
    • Property Manager Responded

      November 16, 2022
      Hi there, thank you so much for your positive comments about The Island Residences at Carlson Center Apartments! We can't wait to see you again, have a great day. -Lindsay P., Community Manager
  • Verified Renter

    July 25, 2022 - Review from Apartments.com
    Love our apartment. People are very pleasant and the office and maintenance staff are helpful and kind
    • Property Manager Responded

      July 27, 2022
      Thank you again for taking the time to let us know how we did. We hope you have a great day! We hope to see you soon! -Lindsay P., Community Manager
  • Verified Renter

    July 11, 2022 - Review from Apartments.com
    My experience at The Island Residences has been very positive. From my initial visit to see this property to ease of move in has been impressive. Beautiful apartments that are super quiet. Helpful front office staff. The grounds are gorgeous with so many paths and places to walk. Friendly and kind Neighbors.
    • Property Manager Responded

      July 13, 2022
      Hi, thank you for your kind review; we are happy to pass along your comments to the team here at The Island Residences at Carlson Center Apartments! If you ever need anything else from us, please feel free to give us a call or stop by. Have an awesome day! -The Island Residences
  • Verified Renter

    June 20, 2022 - Review from Apartments.com
    Love the location, great amenities, walking around the the area is fantastic. I saw deer on the island of he first time I walked around the building. Most of the residents are very friendly. I love that hummingbirds during this he summer and the native plants so that if you look close enough you can see a lot of native bees.
    • Property Manager Responded

      June 21, 2022
      Hi there, thank you so much for your positive comments about The Island Residences at Carlson Center Apartments! Have a fantastic day! -Lindsay P., Community Manager
  • Verified Renter

    May 27, 2022 - Review from Apartments.com
    Nice place with a great view, great walking paths and community amenities.
    • Property Manager Responded

      May 31, 2022
      We appreciate your positive review about your recent experience with us! Thank you, and have a fantastic day! -Lindsay P., Community Manager
  • Verified Renter

    March 16, 2022 - Review from Apartments.com
    I love my apartment and it’s beautiful. I love big windows, plenty of light. Kitchen is great and very nice gas stow. Amenities are great, it’s nice to have club room to entertainment friends. Sauna is perfect for cold weather. And fitness room is great too. Snow have been plowed soon as it started to pile up. I lived in the other places when you can’t get out for two days because nothing is plowed until it’s done snowing. So good job Islander!
  • Verified Renter

    March 16, 2022 - Review from Apartments.com
    This is definitely the best apartment in the whole Minnesota. I would recommend my friends to live here.
  • Verified Renter

    March 16, 2022 - Review from Apartments.com
    We love our apartment, the views of the woods and water, and the serrenity of the area.
  • Verified Renter

    March 16, 2022 - Review from Apartments.com
    living here at The Island helped make a difficult transition easier. I am now referring to it as Hotel California because I may never leave.
  • Verified Renter

    March 16, 2022 - Review from Apartments.com
    The Island Residences exceeded my expectations for apartment living. We have two large dogs and the Island residents are welcoming of me as well as my canine family members. The property is beautiful with the paths and lake and the many green areas. The convenience to downtown or Wayzata is fantastic! The coffee machine in the lobby is delicious and convenient. I haven't lived in an apartment in over 30 years and I would highly recommend The Island to anyone transitioning from one house to ...
    another.
    Read More

Points of Interest

Time and distance from The Island Residences.

Arts Museums and Landmarks

Lake Harriet

Lake Harriet
19 minute drive / 9.04 miles away

Foshay Tower

821 Marquette Avenue South
20 minute drive / 9.7 miles away

Big Box and Retail

Target

13201 Ridgedale Dr
3 minute drive / 1.08 miles away

Jcpenney

12421 Wayzata Blvd
4 minute drive / 1.53 miles away

Macy's

12411 Wayzata Blvd
4 minute drive / 1.56 miles away

Colleges and Universities

Minneapolis Community and Technical College

1501 Hennipen Avenue
19 minute drive / 9.14 miles away

University of St. Thomas - Minneapolis Campus

1000 Lasalle Ave
20 minute drive / 9.41 miles away

North Hennepin Community College

7411 5th Avenue North
22 minute drive / 10.51 miles away

Groceries

Cub Foods

3550 Vicksburg Ln N
7 minute drive / 3.56 miles away

Hy-Vee

18755 70th Way N
17 minute drive / 8.12 miles away

Aldi

8595 Columbine Rd
18 minute drive / 8.55 miles away

Hospitals

Park Nicollet Methodist Hospital

6500 Excelsior Blvd
12 minute drive / 6.04 miles away

North Memorial Health

3300 Oakdale North
16 minute drive / 7.89 miles away

M Health Fairview Southdale Hospital

6401 France Avenue South
19 minute drive / 9.01 miles away

Parks and Recreation

Cedar Lake

Cedar Lake Parkway and Basswood Road
15 minute drive / 7.05 miles away

Lake of the Isles

2500 Lake Isles Pkwy. E
17 minute drive / 8.2 miles away

Loring Park

1382 Willow St.
19 minute drive / 9.19 miles away

The Island Residences has 4 parks within 9.7 miles, including Cedar Lake, Lake of the Isles, Loring Park, and The Grand Rounds.

Shopping Centers

Westdale Center

15616-15748 Wayzata Blvd E
1 minute drive / 0.37 miles away

Ridgedale Festival Center

14000-14200 Wayzata Blvd
2 minute drive / 0.67 miles away

Sears Mall

13510-13580 Wayzata Blvd
3 minute drive / 1.01 miles away

The Island Residences has 5 shopping centers within 1.2 miles.

Transit Stations

Target Field Station-Northstar Corridor

20 minute drive / 9.48 miles away

Target Field Station-Hiawatha Line

20 minute drive / 9.49 miles away

Nicollet Mall Station-Hiawatha Line

75 S 5th St
21 minute drive / 9.8 miles away

Nearby Neighborhoods

Medicine Lake

Studio to 3 Bedroom Apartments from $1,099
View Rentals

Groveland

Studio to 3 Bedroom Apartments from $1,095
View Rentals

West Minnetonka

Studio to 3 Bedroom Apartments from $1,095
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Minnetonka Studio Apartments $1,512$1,031$2,538
Minnetonka 1 Bedroom Apartments $1,804$999$8,577
Minnetonka 2 Bedroom Apartments $2,591$1,231$10,000+
Minnetonka 3 Bedroom Apartments $3,643$1,700$10,000+

Browse Top Apartments in Minnetonka

Viewing: The Island Residences | Desktop Version | Listing Updated: 07/04/2026 | AHLPLA
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