2497 Kelly Avenue, Excelsior, MN 55331

New Listing
$929,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 2,201 Lot Size (sq. ft.): 100,188 Status: Coming Soon
Current Price: $929,000 List Date: 5/13/2026 Last Modified: 5/13/2026

Overview

Description

Welcome to Kelly Cove - a true Lake Minnetonka gem! This corner unit townhome is the largest of the 4 townhomes in this private and serene community that offers an "up north" retreat lake lifestyle that is rare on Lake Minnetonka at this compelling price point. Perfectly nestled on over 2 acres of park like grounds with mature trees, glorious perennial gardens and breathtaking sunsets and 240 feet of lakeshore; this 3 bedroom townhome offers the best of all worlds. An updated home with jaw dropping sunset views, 2 fireplaces, wonderful multi tiered lakeside deck, and an expansive four season porch that will immediately conjure up emotions of "by gone" days at the lake with its historic refurbished bar, long sunset views over the private lagoon that is known for its great fishing and the convenience of your private 32 foot permanent dock with shore power offering quick boating access to A rated Carmens Bay and beyond. Recent updates include new HVAC, deck restoration, new water heater, new landscaping and concrete entry stairs, new carpet, new dishwasher , new dryer, kitchen updates; multiple improvements to create a meticulous and welcoming home.This private oasis is perfectly balanced with the convenience of strolling through the gate to grab a bite to eat at the Narrows or the Lake room, grabbing coffee and groceries at Lunds or frequenting the other businesses in Navarre. A perfect combination that makes the lake life easy and memorable.

Open Houses

Listing Details MLS# 7072044

General Property Information

Assoc Mgmt Co. Phone #
612-386-6922
Association Fee Frequency
Monthly
Association Mgmt Co. Name
Kelly Cove Homeowners Association
Common Wall
Yes
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
2
Road Btwn WF & Home?
No
Waterfront Present
Yes
Year Built
1977
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Three Quarters
2
Main Floor Total SqFt
1280
Above Grd Total SqFt
1280
Below Grd Total SqFt
921
Total SqFt
2201
Total Finished Sqft
2201.00
FireplaceYN
Yes
Lake/Waterfront Name
Minnetonka
Style
(TH) Side x Side
Foundation Size
968
Association Fee
300
Garage Stalls
2
Lot Dimensions
10
Acres
2.3
Assessment Pending
No
Bath Half
0
Bath Quarter
0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Shared: Common Garden Amenities Unit: Deck; Hardwood Floors; Kitchen Window; Porch; Vaulted Ceiling(s); Washer/Dryer Hookup Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Association Fee Includes: Lawn Care; Outside Maintenance; Shared Amenities; Snow Removal Basement: Full Bath Description: Main Floor 3/4 Bath; 3/4 Basement Construction Status: Previously Owned Dining Room Description: Living/Dining Room Exterior: Wood Family Room Characteristics: 2 Story/High/Vaulted Ceilings; Family Room; Lower Level; Main Level Fencing: Wood Fireplace Characteristics: Family Room; Living Room; Wood Burning Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Lot Description: Tree Coverage - Heavy Parking Characteristics: Garage Door Opener; Tuckunder Garage Pool Description: None Road Frontage: City Street Roof: Asphalt Shingles Sewer: City Sewer/Connected Special Search: Main Floor Bedroom Stories: Bi-Level Townhouse Characteristics: End Unit Water: City Water/Connected Waterfront View: Lake; West

Contract Information

Contingency
None
Original List Price
929000
ListPrice
929000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
2497
Street Name
Kelly
Street Suffix
Avenue
Postal City
Excelsior
County
Hennepin
State
MN
Zip Code
55331

Assessments

Tax With Assessments
8084
Assessment Balance
0

Building Information

Finished SqFt Above Ground
1280
Finished SqFt Below Ground
921

More Information

Lake Details

Lake Acres
14205
Lake Depth
113

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
440
Garage Door Opener
Yes
Tuckunder Garage
Yes

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
Yes
Legal Description
Lot 001 Block 001 Kelly Cove
Listing City
Excelsior
Map Page
117
Municipality
Orono
School District
Westonka
School District Phone
952-491-8001
DNR Lake ID#
27013300
DNR Lake Classification
General Development
Country
US
Property ID Number
2011723120051
Tax Year
2026
Tax Amount
8084
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Welcome to Kelly Cove - a true Lake Minnetonka gem! This corner unit townhome is the largest of the 4 townhomes in this private and serene community that offers an "up north" retreat lake lifestyle that is rare on Lake Minnetonka at this compelling price point. Perfectly nestled on over 2 acres of park like grounds with mature trees, glorious perennial gardens and breathtaking sunsets and 240 feet of lakeshore; this 3 bedroom townhome offers the best of all worlds. An updated home with jaw dropping sunset views, 2 fireplaces, wonderful multi tiered lakeside deck, and an expansive four season porch that will immediately conjure up emotions of "by gone" days at the lake with its historic refurbished bar, long sunset views over the private lagoon that is known for its great fishing and the convenience of your private 32 foot permanent dock with shore power offering quick boating access to A rated Carmens Bay and beyond. Recent updates include new HVAC, deck restoration, new water heater, new landscaping and concrete entry stairs, new carpet, new dishwasher , new dryer, kitchen updates; multiple improvements to create a meticulous and welcoming home.This private oasis is perfectly balanced with the convenience of strolling through the gate to grab a bite to eat at the Narrows or the Lake room, grabbing coffee and groceries at Lunds or frequenting the other businesses in Navarre. A perfect combination that makes the lake life easy and memorable.
Directions
15 West past Shadywood Rd (19) to Kelly Ave Left after Lunds

Accessible

None
Yes

Air Conditioning

Central Air
Yes

Amenities Shared

Common Garden
Yes

Amenities Unit

Deck
Yes
Hardwood Floors
Yes
Kitchen Window
Yes
Porch
Yes
Vaulted Ceiling(s)
Yes
Washer/Dryer Hookup
Yes

Appliances

Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Association Fee Includes

Lawn Care
Yes
Outside Maintenance
Yes
Shared Amenities
Yes
Snow Removal
Yes

Basement

Full
Yes

Bath Description

Main Floor 3/4 Bath
Yes
3/4 Basement
Yes

Construction Status

Previously Owned
Yes

Dining Room Description

Living/Dining Room
Yes

Exterior

Wood
Yes

Family Room Characteristics

2 Story/High/Vaulted Ceilings
Yes
Family Room
Yes
Lower Level
Yes
Main Level
Yes

Fencing

Wood
Yes

Fireplace Characteristics

Family Room
Yes
Living Room
Yes
Wood Burning
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Insurance Fee

Insurance Fee
0

Lake/Waterfront

Channel Shore
Yes
Dock
Yes
Lake Front
Yes
Lake View
Yes

Lot Description

Tree Coverage - Heavy
Yes

Pool Description

None
Yes

Restriction/Covenants

Pets - Cats Allowed
Yes
Rental Restrictions May Apply
Yes

Road Frontage

City Street
Yes

Roof

Asphalt Shingles
Yes

Sewer

City Sewer/Connected
Yes

Special Search

Main Floor Bedroom
Yes

Stories

Bi-Level
Yes

Townhouse Characteristics

End Unit
Yes

Water

City Water/Connected
Yes

Waterfront View

Lake
Yes
West
Yes

Room Information

Family Room Dimensions: 16x19 Level: Main Family Room Dimensions: 16x19 Level: Lower First (1st) Bedroom Dimensions: 16x24 Level: Main Kitchen Dimensions: 10x12 Level: Main Laundry Dimensions: 8x11 Level: Lower Living Room Dimensions: 14x20 Level: Main Screened Porch Dimensions: 14x34 Level: Lower Second (2nd) Bedroom Dimensions: 10x13 Level: Main Third (3rd) Bedroom Dimensions: 10x13 Level: Lower
Listing Office: Compass
IDX
Last Updated: May - 13 - 2026
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