$2,150,000
511 2nd Street, 3
Excelsior, MN 55331
MLS# 7038770
3 beds  |  4 baths  |  2552 sqft
Welcome to Lake House #3 in downtown Excelsior
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Welcome to Lake House #3 in downtown Excelsior Great attention to architecture detail throughout this unit, including the coffered ceilings in the living room A handsome gas fireplace anchors one end of the living room Great space to gather and entertain Oversized windows fill this unit with natural light A stunning wet bar anchors the other end of the living room The bar area features floating shelves, sink, dual zone beverage center and a great backdrop for some impressive artwork Open floor plan provides easy flow between living, dining, and kitchen areas Great spaces for entertaining Great spaces for entertaining Chef's kitchen features stainless steel appliances, large oversized island with room for seating, and plenty of cabinet and counter space On trend waterfall design featured on the large center island Kitchen space includes a walk-in pantry with built-in organizational components Custom cabinets throughout the kitchen provide for additional storage space Bring the outdoors in when you open the 12' accordion doors Beautiful floating shelves allow for additional storage or displaying decor Natural light floods into the bright kitchen Covered deck with gas fireplace and stone surround An ideal place to unwind and take in the views of Excelsior and Lake Minnetonka Spacious primary bedroom with access to the 44' balcony Spa-like primary bath with heated floors, dual vanity areas, large soaker tub, and curb-less walk-in shower On trend design elements continue in this space Soak the stress of the day away in the large tub or the spacious shower with dual shower heads Amazing primary closet space with built-in components and laundry units Second bedroom with access to the 44' balcony En-suite 3/4 bath in the second bedroom Third bedroom En-suite 3/4 bath in the third bedroom Powder bath with modern flair Spacious coat closet with organizational components Welcoming entryway Lake House in downtown Excelsior Elevator access in the lobby Located in the heart of downtown Excelsior near the fabulous shops, dining, and Lake Minnetonka. Located in the heart of downtown Excelsior near the fabulous shops, dining, and Lake Minnetonka. Located in the heart of downtown Excelsior near the fabulous shops, dining, and Lake Minnetonka.

Property Description
Welcome to Lake House #3, an exceptional luxury residence in the heart of Excelsior, just moments from the shores of Lake Minnetonka. Designed for effortless, turn-key living, this stunning condominium blends refined craftsmanship with elevated modern design. The home showcases impeccable finishes throughout, including wide-plank hardwood floors, custom cabinetry, and striking 9.5-foot coffered ceilings. The gourmet kitchen is a true centerpiece, featuring Thermador stainless steel appliances, a quartz waterfall-edge island, and a walk-in pantry with custom organizational shelving. A stylish wet bar with a dual-zone beverage center enhances the home’s entertaining appeal. Seamless indoor-outdoor living is achieved with a dramatic 12-foot accordion door that opens to a lakeside three-season porch with a wood-paneled ceiling, gas fireplace, and breathtaking 180-degree views. The luxurious primary suite offers a spacious walk-in closet with in-unit laundry, along with a spa-like bath featuring heated floors, dual vanities, a soaking tub, and a separate walk-in shower. Each additional bedroom includes its own en-suite bath and custom closet system. Thoughtful conveniences continue with three heated garage stalls, EV charging capability, and ample storage. Enjoy unparalleled walkability to Excelsior’s vibrant dining, shopping, and year-round community events, along with nearby attractions like the Excelsior Commons and regional trails.

Details
Maps
Documents
Contract Information
Status: Active
Contingency: None
Current Price: $2,150,000
Original List Price: 2275000
ListPrice: 2150000
List Date: 2026-06-03
Owner is an Agent?: No
Auction?: No
General Property Information
Assoc Mgmt Co. Phone #: 612-296-0900
Association Fee Frequency: Monthly
Association Mgmt Co. Name: Pending
Common Wall: Yes
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 2
Waterfront YN: No
Year Built: 2023
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bedrooms: 3
Baths Total: 4
Bath Full: 1
Bath Three Quarters: 2
Bath Half: 1
Main Floor Total SqFt: 2552
Above Grd Total SqFt: 2552
Total SqFt: 2552
Total Finished Sqft: 2552.00
FireplaceYN: Yes
Style: (CC) Low Rise (3- Levels)
Foundation Size: 2552
Association Fee: 1869
Garage Stalls: 3
Lot Dimensions: Common
Acres: 0.19
Assessment Pending: No
Assessments
Tax With Assessments: 28041.46
Building Information
Finished SqFt Above Ground: 2552
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 0x0
Public Survey Info
Range#: 23
Section#: 35
Township#: 117
Location Tax and Other Information
House Number: 511
Street Name: 2nd
Street Suffix: Street
Unit Number: 3
Postal City: Excelsior
County: Hennepin
State: MN
Zip Code: 55331
Property Features
Accessible: Accessible Elevator Installed
Air Conditioning: Central Air
Amenities Shared: Elevator(s); Lobby; Other
Amenities Unit: Balcony; Deck; Hardwood Floors; Kitchen Center Island; Kitchen Window; Main Floor Primary Bedroom; Primary Bedroom Walk-In Closet; Tile Floors; Walk-In Closet; Wet Bar
Appliances: Cooktop; Dishwasher; Disposal; Dryer; Microwave; Washer; Wine Cooler
Association Fee Includes: Internet; Parking Space; Sanitation; Shared Amenities; Other
Basement: None
Bath Description: Double Sink; Main Floor 1/2 Bath; Main Floor 3/4 Bath; Main Floor Full Bath; Full Primary; Private Primary; Bathroom Ensuite; Separate Tub & Shower; Walk-In Shower Stall
Construction Status: Previously Owned
Dining Room Description: Eat In Kitchen; Living/Dining Room
Exterior: Brick/Stone
Family Room Characteristics: Great Room; Main Level
Fireplace Characteristics: Gas Burning; Living Room; Other
Foundation: Other
Fuel: Natural Gas
Heating: Forced Air
Laundry: In Unit; Main Level
Parking Characteristics: Shared Garage/Stall; Garage Door Opener; Heated Garage; Secured; Storage; Tuckunder Garage
Road Frontage: Curbs; Paved Streets; Sidewalks; Storm Sewer; Street Lights
Road Responsibility: Public Maintained Road
Roof: Age 8 Years or Less
Sellers Terms: Cash; Conventional
Sewer: City Sewer/Connected
Shared Rooms: Other
Special Search: 3 BR on One Level; All Living Facilities on One Level; Main Floor Bedroom; Main Floor Laundry; Main Floor Primary
Stories: One
Water: City Water/Connected
Room Information
Room Name Dimensions Level
Deck18x10Main
Deck5x44Main
Dining Room13x8Main
First (1st) Bedroom18x15Main
Kitchen15x22Main
Living Room24x13Main
Second (2nd) Bedroom18x11Main
Third (3rd) Bedroom13x11Main
IDX
Listing Office: Compass

Last Updated: July - 27 - 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.

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