138 2nd Street, Excelsior, MN 55331

$2,495,000
Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 4,729 Lot Size (sq. ft.): 8,798 Status: Pending
Current Price: $2,495,000 List Date: 4/01/2026 Last Modified: 4/07/2026

Overview

Description

This to-be-built custom home by Zehnder Homes offers an exceptional opportunity to create a truly personalized luxury residence just two blocks from both Excelsior Commons and the charm of Water Street. Set on an 88' wide lot, this rare walkout lot provides the perfect setting for your dream home. Enjoy walkable access to Lake Minnetonka, local dining, shops, and year-round community events all from one of the most sought-after locations in the west metro. Designed with over 4,500 finished square feet, this five-bedroom, five-bath home will showcase the elevated craftsmanship and thoughtful design Zehnder Homes is known for. The open-concept main level is planned for both everyday living and effortless entertaining, featuring expansive living spaces, a gourmet kitchen with high-end appliances, custom cabinetry, and a generous butler's pantry. Upstairs, a luxurious primary suite will offer a spa-inspired bath and oversized walk-in closet, complemented by well appointed secondary bedrooms and convenient upper-level laundry. The walkout lower level provides additional living and entertaining space, featuring a recreation area, bar, and fitness room, all tailored to your lifestyle. With ample opportunity to collaborate on final plans, selections, and finishes, this home presents a unique chance to bring your vision to life in an unbeatable Excelsior location.

Listing Details MLS# 7046880

General Property Information

Common Wall
No
Lot Measurement
Square Feet
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
Yes
Waterfront Present
No
Year Built
2026
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
2
Bath Three Quarters
2
Bath Half
Yes
Main Floor Total SqFt
1379
Above Grd Total SqFt
3348
Below Grd Total SqFt
1381
Total SqFt
4729
Lot Size SqFt
8798
Total Finished Sqft
4527.00
FireplaceYN
Yes
Style
(SF) Single Family
Foundation Size
1379
Power Company
Xcel Energy
Garage Stalls
3
Lot Dimensions
88x100
Assessment Pending
No
Bath Quarter
0
Association Fee
0

Property Features

Accessible: None Air Conditioning: Central Air; Zoned Amenities Unit: Cable; Deck; Ethernet Wired; Exercise Room; French Doors; Hardwood Floors; In-Ground Sprinkler; Kitchen Center Island; Local Area Network; Multiple Phone Lines; Natural Woodwork; Paneled Doors; Patio; Porch; Primary Bedroom Walk-In Closet; Sun Room; Tile Floors; Vaulted Ceiling(s); Walk-In Closet; Wet Bar Appliances: Air-To-Air Exchanger; Cooktop; Dishwasher; Disposal; Double Oven; Dryer; Energy Star Appliances; Freezer; Microwave; Range; Refrigerator; Washer; Water Filtration System; Wine Cooler Assumable Loan: Not Assumable Basement: Drain Tiled; Full; Poured Concrete; Sump Pump; Tile Shower Bath Description: Double Sink; Full Jack & Jill; His and Her Closets; Main Floor 1/2 Bath; Upper Level 3/4 Bath; Upper Level Full Bath; Full Primary; Private Primary; 3/4 Basement; Bathroom Ensuite; Separate Tub & Shower Builder Information: Builders Association of the Twin Cities Construction Materials: Concrete; Frame Construction Status: To Be Built/Floor Plan Dining Room Description: Eat In Kitchen; Informal Dining Room; Kitchen/Dining Room Electric: 200+ Amp Service; Circuit Breakers Existing Financing: Other Exterior: Brick/Stone; Cement Board; Shakes Family Room Characteristics: 2 or More; Entertainment/Media Center; Family Room; Great Room; Loft; Lower Level; Main Level Fencing: None Fireplace Characteristics: Gas Burning; Living Room Foundation: 8 ft+ Pour Fuel: Natural Gas Green Energy Efficient: Appliances; Construction; Doors; HVAC; Insulation; Lighting; Thermostat; Water Heater; Windows Green Indoor Air Quality: Passive Radon Mitigation System; Ventilation Green Sustainability: Recycled Materials; Renewable Materials Heating: Forced Air; Humidifier; In-Floor Heating; Zoned Internet Options: Cable Laundry: Electric Dryer Hookup; Laundry Room; Sink; Upper Level Lock Box Type: Combo Lot Description: Public Transit (w/in 6 blks); Sod Included in Price; Tree Coverage - Medium; Underground Utilities Parking Characteristics: Finished Garage; Floor Drain; Garage Door Opener; Heated Garage; Insulated Garage Pool Description: None Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Storm Sewer; Street Lights Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Architectural Shingle; Asphalt Shingles; Pitched Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Special Search: 2nd Floor Laundry; 4 BR on One Level; Primary Bdr Suite Stories: Two Water: Well

Contract Information

Off Market Date
2026-04-06
Contingency
None
Original List Price
2495000
ListPrice
2495000
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
138
Street Name
2nd
Street Suffix
Street
Postal City
Excelsior
County
Hennepin
State
MN
Zip Code
55331
Complex/Dev/Subdivision
Sheldons Add To Excelsior

Assessments

Assessment Balance
75.81
Tax With Assessments
9439.02

Builder Information

Builder ID
ZEHNDER HOMES INCORPORATED
Builder License Number
582356
Builder Name
ZEHNDER HOMES INCORPORATED
Builders Association of the Twin Cities
Yes

More Information

Building Information

Finished SqFt Above Ground
3348
Finished SqFt Below Ground
1179

Green Verification

Green Verification Type
ENERGY STAR Certified Homes
Verification Source
Program Verifier

Green Verification 2

Green Verification Type
GreenStar Homes Certification
Verification Source
Program Verifier

Green Verification 3

Green Verification Type
Home Energy Rating System
Verification Source
Program Verifier

Green Verification 4

Green Verification Type
Home Energy Score
Verification Source
Program Verifier

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
30x22
Garage Door Height
8
Garage Door Width
8
Garage Square Feet
680
Finished Garage
Yes
Floor Drain
Yes
Garage Door Opener
Yes
Heated Garage
Yes
Insulated Garage
Yes

Public Survey Info

Range#
23
Section#
34
Township#
117

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
LOT 004 SHELDONS ADDN TO EXCELSIOR
Listing City
Excelsior
Map Page
117
Municipality
Excelsior
School District
Minnetonka
School District Phone
952-401-5000
Zip Plus 4
4569
Property ID Number
3411723120095
Tax Year
2026
Tax Amount
9363.21
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
This to-be-built custom home by Zehnder Homes offers an exceptional opportunity to create a truly personalized luxury residence just two blocks from both Excelsior Commons and the charm of Water Street. Set on an 88' wide lot, this rare walkout lot provides the perfect setting for your dream home. Enjoy walkable access to Lake Minnetonka, local dining, shops, and year-round community events all from one of the most sought-after locations in the west metro. Designed with over 4,500 finished square feet, this five-bedroom, five-bath home will showcase the elevated craftsmanship and thoughtful design Zehnder Homes is known for. The open-concept main level is planned for both everyday living and effortless entertaining, featuring expansive living spaces, a gourmet kitchen with high-end appliances, custom cabinetry, and a generous butler's pantry. Upstairs, a luxurious primary suite will offer a spa-inspired bath and oversized walk-in closet, complemented by well appointed secondary bedrooms and convenient upper-level laundry. The walkout lower level provides additional living and entertaining space, featuring a recreation area, bar, and fitness room, all tailored to your lifestyle. With ample opportunity to collaborate on final plans, selections, and finishes, this home presents a unique chance to bring your vision to life in an unbeatable Excelsior location.
Directions
From Hwy 7, take 2nd exit, house is on left.

Accessible

None
Yes

Air Conditioning

Central Air
Yes
Zoned
Yes

Amenities Unit

Cable
Yes
Deck
Yes
Ethernet Wired
Yes
Exercise Room
Yes
French Doors
Yes
Hardwood Floors
Yes
In-Ground Sprinkler
Yes
Kitchen Center Island
Yes
Local Area Network
Yes
Multiple Phone Lines
Yes
Natural Woodwork
Yes
Paneled Doors
Yes
Patio
Yes
Porch
Yes
Primary Bedroom Walk-In Closet
Yes
Sun Room
Yes
Tile Floors
Yes
Vaulted Ceiling(s)
Yes
Walk-In Closet
Yes
Wet Bar
Yes

Appliances

Air-To-Air Exchanger
Yes
Cooktop
Yes
Dishwasher
Yes
Disposal
Yes
Double Oven
Yes
Dryer
Yes
Energy Star Appliances
Yes
Freezer
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes
Water Filtration System
Yes
Wine Cooler
Yes

Assumable Loan

Not Assumable
Yes

Basement

Drain Tiled
Yes
Full
Yes
Poured Concrete
Yes
Sump Pump
Yes
Tile Shower
Yes

Bath Description

Double Sink
Yes
Full Jack & Jill
Yes
His and Her Closets
Yes
Main Floor 1/2 Bath
Yes
Upper Level 3/4 Bath
Yes
Upper Level Full Bath
Yes
Full Primary
Yes
Private Primary
Yes
3/4 Basement
Yes
Bathroom Ensuite
Yes
Separate Tub & Shower
Yes

Construction Materials

Concrete
Yes
Frame
Yes

Construction Status

To Be Built/Floor Plan
Yes

Dining Room Description

Eat In Kitchen
Yes
Informal Dining Room
Yes
Kitchen/Dining Room
Yes

Electric

200+ Amp Service
Yes
Circuit Breakers
Yes

Existing Financing

Other
Yes

Exterior

Brick/Stone
Yes
Cement Board
Yes
Shakes
Yes

Family Room Characteristics

2 or More
Yes
Entertainment/Media Center
Yes
Family Room
Yes
Great Room
Yes
Loft
Yes
Lower Level
Yes
Main Level
Yes

Fencing

None
Yes

Fireplace Characteristics

Gas Burning
Yes
Living Room
Yes

Foundation

8 ft+ Pour
Yes

Fuel

Natural Gas
Yes

Green Energy Efficient

Appliances
Yes
Construction
Yes
Doors
Yes
HVAC
Yes
Insulation
Yes
Lighting
Yes
Thermostat
Yes
Water Heater
Yes
Windows
Yes

Green Indoor Air Quality

Passive Radon Mitigation System
Yes
Ventilation
Yes

Green Sustainability

Recycled Materials
Yes
Renewable Materials
Yes

Heating

Forced Air
Yes
Humidifier
Yes
In-Floor Heating
Yes
Zoned
Yes

Insurance Fee

Insurance Fee
0

Internet Options

Cable
Yes

Laundry

Electric Dryer Hookup
Yes
Laundry Room
Yes
Sink
Yes
Upper Level
Yes

Lock Box Type

Combo
Yes

Lot Description

Public Transit (w/in 6 blks)
Yes
Sod Included in Price
Yes
Tree Coverage - Medium
Yes
Underground Utilities
Yes

Patio, Porch and Deck Features

Enclosed
Yes
Front Porch
Yes
Patio
Yes
Porch
Yes
Screened
Yes

Pool Description

None
Yes

Road Frontage

City Street
Yes
Curbs
Yes
Paved Streets
Yes
Sidewalks
Yes
Storm Sewer
Yes
Street Lights
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age 8 Years or Less
Yes
Architectural Shingle
Yes
Asphalt Shingles
Yes
Pitched
Yes

Sellers Terms

Cash
Yes
Conventional
Yes

Sewer

City Sewer/Connected
Yes

Special Search

2nd Floor Laundry
Yes
4 BR on One Level
Yes
Primary Bdr Suite
Yes

Stories

Two
Yes

Water

Well
Yes

Room Information

Bar/Wet Bar Room Dimensions: 13x10 Level: Lower Dining Room Dimensions: 15x12 Level: Main Exercise Room Dimensions: 17x10 Level: Lower Family Room Dimensions: 29x16 Level: Lower Fifth (5th) Bedroom Dimensions: 12x12 Level: Lower First (1st) Bedroom Dimensions: 18x14 Level: Upper Fourth (4th) Bedroom Dimensions: 14x12 Level: Upper Great Room Dimensions: 20x18 Level: Main Kitchen Dimensions: 14x14 Level: Main Loft Dimensions: 12x10 Level: Lower Office Dimensions: 10x10 Level: Main Second (2nd) Bedroom Dimensions: 14x12 Level: Upper Third (3rd) Bedroom Dimensions: 14x13 Level: Upper
Listing Office: RE/MAX Results
IDX
Last Updated: April - 07 - 2026
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