27940 Smithtown Road, Excelsior, MN 55331

$3,295,000
Property Type: Land Lot Size (sq. ft.): 50,094 Status: Closed
Current Price: $3,295,000 List Date: 7/12/2024 Last Modified: 8/21/2025

Overview

Description

HERE IT IS! At last, spectacular building site on Lake Minnetonka! This Smithtown Bay site has it all! West-facing, 174 feet of hard sand bottom, a charming boat house at water’s edge, privacy, mature trees, approximately 1.15 Acres, and an old cottage-style home that can be used, (AS IS) but is presumed to be torn town, since the value is in the land and not in the house. Bring your imagination and enjoy this magnificent opportunity! Open to all builders. All buyers must be pre-approved. Buyers and Buyer’s agents to verify all measurements, details and figures as they are not guaranteed.

Listing Details MLS# 6565357

General Property Information

Comp Sale YN
No
Development
No
Drainage
Good
Lot Measurement
Acres
Multiple PIDs?
No
Plat Recorded
No
Waterfront Frontage
174
Waterfront Present
Yes
Yearly/Seasonal
Yearly
Zoning
Shoreline, Residential-Single Family
Lot Dimensions
174x293x97x329
Acres
1.15
Lake/Waterfront Name
Minnetonka
Association Fee
0

Property Features

Available Utilities: Electricity Available; Phone Available; Private Well Connected; Sewer Connected Development Status: Finished Lot(s) Elevation Highpoint to Waterfront Slope: Gradual Existing Financing: Cash Financing Terms: Cash Improvements: Paved Streets; Shared Driveway; Other Lake Details: Hard; Sand Land Inclusions: Dock; Survey; Survey Stakes; Topographic Map Lot Description: Accessible Shoreline; Irregular Lot; Tree Coverage - Medium; Underground Utilities Outbuildings: Boat House Property SubType: Lake Property; Residential Lot Road Frontage: Cul De Sac; No Outlet/Dead End; Paved Streets; Private Road Road Responsibility: Public Maintained Road Sale Options: Sell Entirely Sellers Terms: Cash Topography: Sloped Waterfront View: Bay

Contract Information

Off Market Date
2024-07-13
Contingency
None
Closed Date
2024-08-20
Original List Price
3295000
Sales Close Price
3295000
ListPrice
3295000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
27940
Street Name
Smithtown Road
Postal City
Excelsior
County
Hennepin
State
MN
Zip Code
55331
Complex/Dev/Subdivision
Bill Erickson Add

Assessments

Tax With Assessments
33263
Assessment Balance
0

Builder Information

Builder Restrictions
Open

More Information

Elevation Highpoint to Waterfront Feet

Elevation Highpoint Waterfront Feet
15-26

Lake Details

Lake Acres
14205
Lake Depth
113
Hard
Yes
Sand
Yes

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Public Survey Info

Range#
23
Section#
31
Township#
117

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
LOT 003 BLOCK 001 BILL ERICKSON ADDN
Listing City
Excelsior
Map Page
117
Municipality
Shorewood
School District
Minnetonka
School District Phone
952-401-5000
DNR Lake ID#
27013300
DNR Lake Classification
General Development
Zip Plus 4
7911
Property ID Number
TBD
Tax Year
2023
Tax Amount
33263
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
HERE IT IS! At last, spectacular building site on Lake Minnetonka! This Smithtown Bay site has it all! West-facing, 174 feet of hard sand bottom, a charming boat house at water’s edge, privacy, mature trees, approximately 1.15 Acres, and an old cottage-style home that can be used, (AS IS) but is presumed to be torn town, since the value is in the land and not in the house. Bring your imagination and enjoy this magnificent opportunity! Open to all builders. All buyers must be pre-approved. Buyers and Buyer’s agents to verify all measurements, details and figures as they are not guaranteed.
Directions
Smithtown to shared driveway. Use GPS.

Development Status

Finished Lot(s)
Yes

Elevation Highpoint to Waterfront Slope

Gradual
Yes

Existing Financing

Cash
Yes

Financing Terms

Cash
Yes

Insurance Fee

Insurance Fee
0

Lake/Waterfront

Lake Front
Yes

Lot Description

Accessible Shoreline
Yes
Irregular Lot
Yes
Tree Coverage - Medium
Yes
Underground Utilities
Yes

Outbuildings

Boat House
Yes

Restriction/Covenants

None
Yes

Road Frontage

Cul De Sac
Yes
No Outlet/Dead End
Yes
Paved Streets
Yes
Private Road
Yes

Road Responsibility

Public Maintained Road
Yes

Sale Options

Sell Entirely
Yes

Sellers Terms

Cash
Yes

Topography

Sloped
Yes

Waterfront View

Bay
Yes

Available Utilities

Electricity Available
Yes
Phone Available
Yes
Private Well Connected
Yes
Sewer Connected
Yes

Improvements

Paved Streets
Yes
Shared Driveway
Yes
Other
Yes

Land Inclusions

Dock
Yes
Survey
Yes
Survey Stakes
Yes
Topographic Map
Yes

Property SubType

Lake Property
Yes
Residential Lot
Yes
Listing Office: Coldwell Banker Realty
IDX
Last Updated: August - 21 - 2025
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