254 Lake Street, Excelsior, MN 55331

New Listing
$4,995,000
Property Type: Residential Bedrooms: 4 Baths: 4 Lot Size (sq. ft.): 6,970 Status: Active
Current Price: $4,995,000 List Date: 4/20/2026 Last Modified: 4/20/2026

Overview

Description

Breathtaking Peter Eskuche + Mikan collaboration offering the highest level of finish throughout this completed new construction masterpiece! Enjoy the stunning architectural details and open flowing floorplan offering walls of windows showcasing gorgeous views overlooking Excelsior Bay. The main-level features light + bright spaces; gourmet kitchen with high-end appliances, coffee bar and prep kitchen and spacious family room with sliding glass doors that open to the large porch with phantom screens and unmatched water views, creating the perfect blend of indoor + outdoor living! The upper-level offers a loft with built-ins and beverage fridge; bonus room with fireplace + lake views; office area; two guest bedrooms and spacious primary suite with spa-like bathroom! Lower-level featuring unparalleled amenities including the large family room + game area; wet bar; exercise room; sauna and golf simulator. Ideally located in the heart of Excelsior just steps to shops, restaurants and all the amenities downtown has to offer! Truly a must see!

Open Houses

Listing Details MLS# 7058891

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
2
Waterfront Present
No
Year Built
2024
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
Yes
Bath Three Quarters
2
Bath Half
Yes
Total Finished Sqft
4661.00
FireplaceYN
Yes
Lake/Waterfront Name
Minnetonka
Style
(SF) Single Family
Foundation Size
1766
Garage Stalls
2
Lot Dimensions
Irregular
Acres
0.16
Assessment Pending
No
Bath Quarter
0
Main Floor Total SqFt
0
Above Grd Total SqFt
0
Below Grd Total SqFt
0
Association Fee
0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Exercise Room; Hardwood Floors; Hot Tub; Kitchen Center Island; Kitchen Window; Panoramic View; Primary Bedroom Walk-In Closet; Sauna; Tile Floors; Vaulted Ceiling(s); Walk-In Closet; Washer/Dryer Hookup; Wet Bar Appliances: Chandelier; Dishwasher; Dryer; Microwave; Refrigerator; Washer Basement: Full Bath Description: Sauna; Main Floor 1/2 Bath; Upper Level Full Bath; Full Primary; Private Primary Construction Status: Completed New Construction Dining Room Description: Informal Dining Room Exterior: Other Family Room Characteristics: Lower Level; Main Level Fireplace Characteristics: Family Room Foundation: Other Fuel: Natural Gas Heating: Forced Air Laundry: Laundry Room; Upper Level Roof: Age 8 Years or Less Sewer: City Sewer/Connected Special Search: 3 BR on One Level; Primary Bdr Suite Stories: Two Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
4995000
ListPrice
4995000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
254
Street Name
Lake
Street Suffix
Street
Postal City
Excelsior
County
Hennepin
State
MN
Zip Code
55331
Complex/Dev/Subdivision
Seamans Sub Of Lts 7 & 8 Excelsior

Assessments

Tax With Assessments
14117
Assessment Balance
0
Assessment Installment
0

Building Information

Finished SqFt Above Ground
2983
Finished SqFt Below Ground
1678

More Information

Lake Details

Lake Acres
14205
Lake Depth
113

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
23
Section#
34
Township#
117

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
LOT 003 SEAMANS SUBD OF LOTS 7 & 8 EXCELSIOR EX ALLEY
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
1756
Property ID Number
3411723110134
Tax Year
2026
Tax Amount
14117
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Breathtaking Peter Eskuche + Mikan collaboration offering the highest level of finish throughout this completed new construction masterpiece! Enjoy the stunning architectural details and open flowing floorplan offering walls of windows showcasing gorgeous views overlooking Excelsior Bay. The main-level features light + bright spaces; gourmet kitchen with high-end appliances, coffee bar and prep kitchen and spacious family room with sliding glass doors that open to the large porch with phantom screens and unmatched water views, creating the perfect blend of indoor + outdoor living! The upper-level offers a loft with built-ins and beverage fridge; bonus room with fireplace + lake views; office area; two guest bedrooms and spacious primary suite with spa-like bathroom! Lower-level featuring unparalleled amenities including the large family room + game area; wet bar; exercise room; sauna and golf simulator. Ideally located in the heart of Excelsior just steps to shops, restaurants and all the amenities downtown has to offer! Truly a must see!
Directions
Water Street to left on Lake Street to home. Garage access is off alley behind the house!

Accessible

None
Yes

Air Conditioning

Central Air
Yes

Amenities Unit

Exercise Room
Yes
Hardwood Floors
Yes
Hot Tub
Yes
Kitchen Center Island
Yes
Kitchen Window
Yes
Panoramic View
Yes
Primary Bedroom Walk-In Closet
Yes
Sauna
Yes
Tile Floors
Yes
Vaulted Ceiling(s)
Yes
Walk-In Closet
Yes
Washer/Dryer Hookup
Yes
Wet Bar
Yes

Appliances

Chandelier
Yes
Dishwasher
Yes
Dryer
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes

Basement

Full
Yes

Bath Description

Sauna
Yes
Main Floor 1/2 Bath
Yes
Upper Level Full Bath
Yes
Full Primary
Yes
Private Primary
Yes
Basement
Yes

Construction Status

Completed New Construction
Yes

Dining Room Description

Informal Dining Room
Yes

Exterior

Other
Yes

Family Room Characteristics

Lower Level
Yes
Main Level
Yes

Fireplace Characteristics

Family Room
Yes

Foundation

Other
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Insurance Fee

Insurance Fee
0

Lake/Waterfront

Lake View
Yes

Laundry

Laundry Room
Yes
Upper Level
Yes

Patio, Porch and Deck Features

Covered
Yes
Patio
Yes
Screened
Yes

Roof

Age 8 Years or Less
Yes

Sewer

City Sewer/Connected
Yes

Special Search

3 BR on One Level
Yes
Primary Bdr Suite
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

Room Information

Bar/Wet Bar Room Level: Lower Exercise Room Level: Lower Family Room Level: Main Family Room Level: Lower First (1st) Bedroom Level: Upper Fourth (4th) Bedroom Level: Lower Game Room Level: Lower Informal Dining Room Level: Main Kitchen Level: Main Laundry Level: Upper Loft Level: Upper Pantry (Walk-In) Level: Main Screened Porch Level: Main Second (2nd) Bedroom Level: Upper Third (3rd) Bedroom Level: Upper
Listing Office: Coldwell Banker Realty
IDX
Last Updated: April - 20 - 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.