$574,900
Excelsior, MN 55331
MLS# 7122163
3 beds | 2 baths | 2316 sqft
1 / 12
Property Description
Rare redevelopment opportunity on 1st Street - the “gem of all the streets” in the Village of Excelsior! Most of the homes on this quiet, one-way street are new or substantially renovated! Bring your vision to this gutted single-family home and create something truly special in one of the lake area’s most desirable and walkable communities. Renovate the existing structure or start fresh with new construction and take advantage of the property’s prime location and one block from Excelsior Commons, the swim beach, tennis courts, baseball diamond, and the City of Excelsior boat docks. Architectural plans have already been developed with local architect Mike Sharratt, who has an as a great track record with the City of Excelsior, for a thoughtfully designed home that works beautifully with the small size of the lot. This will give the next owner an exciting head start on the possibilities. Enjoy the best of the walkable Excelsior lifestyle just blocks from downtown, with restaurants, shops, coffee, parks, trails, beaches and Lake Minnetonka all close by. Opportunities to create a custom home in the Village are increasingly hard to find. Bring your builder, your vision, and create something exceptional in Excelsior.
Details
Maps
Documents
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Contingency: None
Current Price: $574,900
Original List Price: 599900
ListPrice: 574900
List Date: 2026-08-17
Office/Member Info
Association: MAAR
General Property Information
Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 0
Other Parking Spaces: 1
Waterfront YN: No
Year Built: 1915
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Lot Dimensions: 75x36x75x36
Acres: 0.06
Bath Three Quarters: 0
Bath Half: 0
Bath Quarter: 0
Main Floor Total SqFt: 850
Above Grd Total SqFt: 1466
Below Grd Total SqFt: 850
Total SqFt: 2316
Total Finished Sqft: 0.00
FireplaceYN: No
Foundation Size: 733
Style: (SF) Single Family
Garage Stalls: 0
Association Fee: 0
Assessment Pending: No
Bedrooms: 3
Baths Total: 2
Bath Full: 2
Location, Tax and Other Information
AssocFeeYN: No
Legal Description: LOT 011 AUDITOR'S SUBD. NO. 135 SLY 36 FT
Listing City: Excelsior
Map Page: 117
Municipality: Excelsior
School District: Minnetonka
School District Phone: 952-401-5000
Zip Plus 4: 1713
Property ID Number: 2711723430002
Tax Year: 2026
Tax Amount: 5631
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Rare redevelopment opportunity on 1st Street - the “gem of all the streets” in the Village of Excelsior! Most of the homes on this quiet, one-way street are new or substantially renovated! Bring your vision to this gutted single-family home and create something truly special in one of the lake area’s most desirable and walkable communities. Renovate the existing structure or start fresh with new construction and take advantage of the property’s prime location and one block from Excelsior Commons, the swim beach, tennis courts, baseball diamond, and the City of Excelsior boat docks.
Architectural plans have already been developed with local architect Mike Sharratt, who has an as a great track record with the City of Excelsior, for a thoughtfully designed home that works beautifully with the small size of the lot. This will give the next owner an exciting head start on the possibilities.
Enjoy the best of the walkable Excelsior lifestyle just blocks from downtown, with restaurants, shops, coffee, parks, trails, beaches and Lake Minnetonka all close by. Opportunities to create a custom home in the Village are increasingly hard to find.
Bring your builder, your vision, and create something exceptional in Excelsior.
Directions: Water Street, North on 2nd Street, right on Center Street, left on First Street. Home is second to last home on right.
Accessible
None: 1
Air Conditioning
None: 1
Assessments
Assessment Balance: 0
Assessment Installment: 0
Tax With Assessments: 5631
Basement
Full: 1
Construction Materials
Frame: 1
Construction Status
Previously Owned: 1
Existing Financing
Free and Clear: 1
Exterior
Shakes: 1
Foundation
Concrete Block: 1
Fuel
Natural Gas: 1
Heating
None: 1
Insurance Fee
Insurance Fee: 0
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 0
Garage Stall ID#: 0
Pool Description
None: 1
Public Survey Info
Range#: 23
Section#: 27
Township#: 117
Road Frontage
Curbs: 1
Paved Streets: 1
Sidewalks: 1
Storm Sewer: 1
Road Responsibility
Public Maintained Road: 1
Roof
Asphalt Shingles: 1
Pitched: 1
Sellers Terms
Cash: 1
Conventional: 1
Sewer
City Sewer - In Street: 1
Stories
Two: 1
Water
City Water - In Street: 1
Location Tax and Other Information
House Number: 111
Street Name: 1st
Street Suffix: Street
Postal City: Excelsior
County: Hennepin
State: MN
Zip Code: 55331
Complex/Dev/Subdivision: Auditors Sub 135
Property Features
Accessible: None
Air Conditioning: None
Basement: Full
Construction Materials: Frame
Construction Status: Previously Owned
Existing Financing: Free and Clear
Exterior: Shakes
Foundation: Concrete Block
Fuel: Natural Gas
Heating: None
Pool Description: None
Road Frontage: Curbs; Paved Streets; Sidewalks; Storm Sewer
Road Responsibility: Public Maintained Road
Roof: Asphalt Shingles; Pitched
Sellers Terms: Cash; Conventional
Sewer: City Sewer - In Street
Stories: Two
Water: City Water - In Street
Ex Cond DRAFT1 rev250724.pdf 
Listing Office: Compass
Last Updated: September - 26 - 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.
