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Deephaven is a city in Hennepin County, Minnesota, United States, on the shores of Lake Minnetonka. It is located 12 miles (19 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.
Deephaven was settled in 1876 by Saint Louis attorney Charles Gibson. Gibson built a summer house in an area known as "Northome" and began promoting the area as a vacation destination for Southerners. In 1879 he advocated for the construction of the 150-room Hotel Saint Louis, the area's first grand hotel. The community was connected to the Minneapolis and Saint Louis Railway to serve both the hotel and local cottagers.
The Minnetonka Yacht Club was founded in Deephaven in 1882 and incorporated in 1889. One of the club's co-founders, Hazen Burton, built a home named "Chimo" in Deephaven in 1890. A train depot was built near the property so that the Burtons could commute to their department store in Minneapolis. The name "Deephaven" can be traced back to the name of this depot.
In 1893 Burton commissioned local boat builder Arthur Dyer to develop a new kind of sailboat called a racing scow. When the Onawa debuted in 1893, it was disqualified for winning nearly every regatta it entered.
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