Greenwood is a community on Saint Albans Bay on Lake Minnetonka in Hennepin County, Minnesota, United States just northeast of the community of Excelsior, Minnesota.

Originally part of Excelsior Township, Greenwood was incorporated as an independent city in 1956.

There were 327 housing units at an average density of 908.3 per square mile (350.7/km2).

19.0% of all households were made up of individuals, and 5.9% had someone living alone who was 65 years of age or older.

There were 297 housing units at an average density of 854.8 per square mile (330.0/km2).

18.9% of all households were made up of individuals, and 6.0% had someone living alone who was 65 years of age or older.