185 W Lake Street, Excelsior, MN 55331

New Listing
$1,700,000
Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 3,444 Lot Size (sq. ft.): 6,970 Status: Active
Current Price: $1,700,000 List Date: 4/09/2026 Last Modified: 4/09/2026

Overview

Description

Located in the heart of Excelsior, just one block from Lake Minnetonka, this exceptional home offers a rare blend of refined living and an unbeatable in-town location. Thoughtfully designed for both everyday comfort and effortless entertaining, the home features warm hardwood floors, light-filled living spaces, and seamless indoor-outdoor flow. The well-appointed kitchen boasts generous counter space and abundant cabinetry, making it ideal for hosting gatherings or preparing meals after a day on the lake. A bright, window-wrapped primary suite provides a serene retreat, complemented by a spacious primary bath with dual vanities, a soaking tub, and a steam shower. The expansive lower level includes space for a game table or media area, along with a bedroom and bathroom — perfect for welcoming weekend guests who come to enjoy lake life and all that Excelsior has to offer. Just steps from Excelsior Commons and the Port of Excelsior, residents enjoy easy access to swimming beaches, parks, public docks, and summer concerts at the Bandshell. A short walk brings you to historic downtown Excelsior, with its charming restaurants, boutique shopping, and iconic ice cream shops. Offering walkability, lake access, and a premier Excelsior address, this home delivers the quintessential Lake Minnetonka lifestyle. As an owner you’re eligible for a deeded boat slip, but be aware that there is a waiting list.

Listing Details MLS# 7051629

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Waterfront Present
No
Year Built
1900
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
2
Bath Three Quarters
Yes
Bath Half
Yes
Main Floor Total SqFt
1407
Above Grd Total SqFt
2368
Below Grd Total SqFt
1076
Total SqFt
3444
Total Finished Sqft
3350.00
FireplaceYN
No
Lake/Waterfront Name
Minnetonka
Style
(SF) Single Family
Foundation Size
1120
Garage Stalls
2
Lot Dimensions
117x67x109x82
Acres
0.16
Assessment Pending
No
Number of Fireplaces
0
Bath Quarter
0
Association Fee
0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Ceiling Fan(s); Deck; Hardwood Floors; Kitchen Center Island; Kitchen Window; Natural Woodwork; Paneled Doors; Patio; Primary Bedroom Walk-In Closet; Tile Floors; Walk-In Closet; Washer/Dryer Hookup Appliances: Cooktop; Dishwasher; Disposal; Microwave; Refrigerator; Washer Basement: Concrete Block; Drain Tiled; Egress Windows; Full; Sump Pump Bath Description: Main Floor 1/2 Bath; Upper Level Full Bath; Full Primary; Private Primary; 3/4 Basement; Separate Tub & Shower Construction Status: Previously Owned Dining Room Description: Eat In Kitchen; Separate/Formal Dining Room Exterior: Cement Board Family Room Characteristics: 2 or More; Lower Level; Main Level Fencing: Wood Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air; In-Floor Heating Laundry: Gas Dryer Hookup; Laundry Room; Main Level; Washer Hookup Lot Description: Corner Lot; Public Transit (w/in 6 blks); Tree Coverage - Light Parking Characteristics: Garage Door Opener; Heated Garage; Insulated Garage Pool Description: None Road Frontage: City Street; Curbs; Paved Streets; Sidewalks Road Responsibility: Public Maintained Road Roof: Asphalt Shingles Sewer: City Sewer/Connected Special Search: 3 BR on One Level; Main Floor Laundry; Primary Bdr Suite; Renovated Stories: Two Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
1700000
ListPrice
1700000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
185
Street Direction Prefix
W
Street Name
Lake
Street Suffix
Street
Postal City
Excelsior
County
Hennepin
State
MN
Zip Code
55331
Complex/Dev/Subdivision
Auditors Sub 135

Assessments

Tax With Assessments
18302
Assessment Balance
0

Building Information

Finished SqFt Above Ground
2368
Finished SqFt Below Ground
982

More Information

Lake Details

Lake Acres
14205
Lake Depth
113

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
696
Garage Door Opener
Yes
Heated Garage
Yes
Insulated Garage
Yes

Public Survey Info

Range#
23
Section#
27
Township#
117

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
LOT 315 AUDITOR'S SUBD. NO. 135 COM AT MOST SLY COR OF LOT 315 TH NWLY TO MOST WLY COR THEREOF TH NELY TO MOST NLY COR THEREOF TH SELY TO A PT IN THE SELY LINE THEREOF DIS 18.4 FT SWLY FROM MOST ELY COR TH SWLY TO BEG
Listing City
Excelsior
Map Page
117
Municipality
Excelsior
School District
Minnetonka
School District Phone
952-401-5000
DNR Lake ID#
27013300
DNR Lake Classification
General Development
Zip Plus 4
2205
Property ID Number
2711723430014
Tax Year
2025
Tax Amount
18302
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Located in the heart of Excelsior, just one block from Lake Minnetonka, this exceptional home offers a rare blend of refined living and an unbeatable in-town location. Thoughtfully designed for both everyday comfort and effortless entertaining, the home features warm hardwood floors, light-filled living spaces, and seamless indoor-outdoor flow. The well-appointed kitchen boasts generous counter space and abundant cabinetry, making it ideal for hosting gatherings or preparing meals after a day on the lake. A bright, window-wrapped primary suite provides a serene retreat, complemented by a spacious primary bath with dual vanities, a soaking tub, and a steam shower. The expansive lower level includes space for a game table or media area, along with a bedroom and bathroom — perfect for welcoming weekend guests who come to enjoy lake life and all that Excelsior has to offer. Just steps from Excelsior Commons and the Port of Excelsior, residents enjoy easy access to swimming beaches, parks, public docks, and summer concerts at the Bandshell. A short walk brings you to historic downtown Excelsior, with its charming restaurants, boutique shopping, and iconic ice cream shops. Offering walkability, lake access, and a premier Excelsior address, this home delivers the quintessential Lake Minnetonka lifestyle. As an owner you’re eligible for a deeded boat slip, but be aware that there is a waiting list.
Directions
Hwy 7 West to 2nd St. Exit to 2nd St N to home.

Accessible

None
Yes

Air Conditioning

Central Air
Yes

Amenities Unit

Ceiling Fan(s)
Yes
Deck
Yes
Hardwood Floors
Yes
Kitchen Center Island
Yes
Kitchen Window
Yes
Natural Woodwork
Yes
Paneled Doors
Yes
Patio
Yes
Primary Bedroom Walk-In Closet
Yes
Tile Floors
Yes
Walk-In Closet
Yes
Washer/Dryer Hookup
Yes

Appliances

Cooktop
Yes
Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes

Basement

Concrete Block
Yes
Drain Tiled
Yes
Egress Windows
Yes
Full
Yes
Sump Pump
Yes

Bath Description

Main Floor 1/2 Bath
Yes
Upper Level Full Bath
Yes
Full Primary
Yes
Private Primary
Yes
3/4 Basement
Yes
Separate Tub & Shower
Yes

Construction Status

Previously Owned
Yes

Dining Room Description

Eat In Kitchen
Yes
Separate/Formal Dining Room
Yes

Exterior

Cement Board
Yes

Family Room Characteristics

2 or More
Yes
Lower Level
Yes
Main Level
Yes

Fencing

Wood
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes
In-Floor Heating
Yes

Insurance Fee

Insurance Fee
0

Lake/Waterfront

Lake View
Yes

Laundry

Gas Dryer Hookup
Yes
Laundry Room
Yes
Main Level
Yes
Washer Hookup
Yes

Lot Description

Corner Lot
Yes
Public Transit (w/in 6 blks)
Yes
Tree Coverage - Light
Yes

Patio, Porch and Deck Features

Patio
Yes
Porch
Yes

Pool Description

None
Yes

Road Frontage

City Street
Yes
Curbs
Yes
Paved Streets
Yes
Sidewalks
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Asphalt Shingles
Yes

Sewer

City Sewer/Connected
Yes

Special Search

3 BR on One Level
Yes
Main Floor Laundry
Yes
Primary Bdr Suite
Yes
Renovated
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

Room Information

Dining Room Dimensions: 15x11 Level: Main Family Room Dimensions: 15x11 Level: Main Family Room Dimensions: 23x15 Level: Lower First (1st) Bedroom Dimensions: 15x15 Level: Upper Fourth (4th) Bedroom Dimensions: 21x10 Level: Lower Foyer Dimensions: 15x7 Level: Main Kitchen Dimensions: 19x17 Level: Main Laundry Dimensions: 8x6 Level: Main Living Room Dimensions: 14x10 Level: Main Mud Room Dimensions: 17x8 Level: Main Office Dimensions: 10x6 Level: Main Second (2nd) Bedroom Dimensions: 17x9 Level: Upper Third (3rd) Bedroom Dimensions: 15x10 Level: Upper
Listing Office: Edina Realty, Inc.
IDX
Last Updated: April - 09 - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.