$7,250,000
Excelsior, MN 55331
MLS# 7032563
3 beds | 3 baths
1 / 54
Property Description
Rare opportunity to own one of Lake Minnetonka’s private islands offering approximately 1,841’ of unparalleled lakeshore! Throughout the last 150 years, Gale Island has evolved into a one-of-a-kind compound where generations have gathered to celebrate summers, holidays, and lifelong traditions. The original Summer House was built in 1874 and is among four cabins throughout the 2 acre setting! Beautifully updated throughout the years, each structure tells its own story while maintaining it’s historical charm. The Summer House offers 3 BR/2.5 BA; the Main House 3 BR/2.5BA; the Guest House 2 BR/1BA; and the Tower offers a living area with ½ bath. Properties of this significance rarely become available-- Gale Island offers an opportunity to become the next steward of one of Lake Minnetonka’s historic landmarks! See supplement for additional information. ***Do NOT access the island without prior approval from the Listing Agent. Buyer verification of funds must accompany all showing requests.***
Details
Maps
Documents
Contract Information
Status: Active
Contingency: None
Current Price: $7,250,000
Original List Price: 7250000
ListPrice: 7250000
List Date: 2026-08-11
Owner is an Agent?: No
Auction?: No
General Property Information
Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 2
Road Btwn WF & Home?: No
Waterfront Frontage: 1841
Waterfront YN: Yes
Year Built: 1874
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bedrooms: 3
Baths Total: 3
Bath Three Quarters: 2
Bath Half: 1
Total Finished Sqft: 1351.00
FireplaceYN: Yes
Lake/Waterfront Name: Minnetonka
Style: (SF) Single Family
Foundation Size: 1250
Lot Dimensions: Irregular
Acres: 2
Assessment Pending: Unknown
Assessments
Tax With Assessments: 23202
Building Information
Finished SqFt Above Ground: 1351
Lake Details
Lake Acres: 14205
Lake Depth: 113
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Township#: 117
Location Tax and Other Information
House Number: 1000
Street Name: Gale Island
Postal City: Excelsior
County: Hennepin
State: MN
Zip Code: 55331
Property Features
Accessible: None
Air Conditioning: Central Air
Amenities Unit: Ceiling Fan(s); Dock; Hardwood Floors; Kitchen Center Island; Kitchen Window
Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer
Basement: None
Construction Status: Previously Owned
Dining Room Description: Eat In Kitchen; Living/Dining Room
Exterior: Shakes
Fireplace Characteristics: Stone
Foundation: Other
Fuel: Other
Heating: Forced Air
Laundry: Main Level
Lot Description: Island/Peninsula
Outbuildings: Guest House; Second Residence; Other
Parking Characteristics: None
Roof: Shake
Sewer: Private Sewer
Stories: One
Water: Well
Waterfront Type: Lake Front
Waterfront View: Panoramic
Property Features 
Listing Office: Coldwell Banker Realty
Last Updated: October - 11 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
