465 Lakeview Avenue, Excelsior, MN 55331

$3,175,000
Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 3,505 Lot Size (sq. ft.): 13,504 Status: Closed
Current Price: $3,175,000 List Date: 7/19/2025 Last Modified: 1/27/2026

Overview

Description

Beautifully updated home on premier “A”-rated Gideon Bay of Lake Minnetonka with 60 feet of prime, south-facing shoreline and unobstructed lake views. Enjoy level, walk-out access to the water and abundant natural light throughout, thanks to all of the expansive windows. Renovated by Revision by Stonewood in 2018 and meticulously maintained, this home blends timeless charm with modern updates. The upper level features the primary suite with private bathroom, three bedrooms and an additional bathroom. The main level includes a flexible office or fifth bedroom, laundry/mudroom, and a full bathroom. The unfinished lower level offers ample storage. Outdoor and storage needs are met with both an attached 2-car garage and a large detached 26' x 27' 2-car garage—perfect for boats, lake toys, or extra vehicles. Newly built in 2022, the guest cottage provides an additional 226 sqft of living space for visitors, a home office, or creative pursuits. Enjoy dining and relaxing outdoors on the spacious lakeside patio that was updated in 2021. Located minutes from downtown Excelsior, Orono, Wayzata, and Chanhassen and within the award-winning Minnetonka School District. An exceptional opportunity to own a turnkey lakefront property in one of Lake Minnetonka’s most desirable locations.

Listing Details MLS# 6748408

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
Yes
Road Btwn WF & Home?
No
Waterfront Frontage
60
Waterfront Present
Yes
Year Built
1990
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
Yes
Bath Three Quarters
2
Main Floor Total SqFt
1175
Above Grd Total SqFt
2440
Below Grd Total SqFt
1065
Total SqFt
3505
Total Finished Sqft
2440.00
FireplaceYN
Yes
Lake/Waterfront Name
Minnetonka
Style
(SF) Single Family
Foundation Size
1065
Power Company
Xcel Energy
Garage Stalls
4
Lot Dimensions
irregular
Acres
0.31
Bath Half
0
Bath Quarter
0
Association Fee
0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Dock; Hardwood Floors; Kitchen Center Island; Kitchen Window; Natural Woodwork; Paneled Doors; Patio; Primary Bedroom Walk-In Closet; Tile Floors; Vaulted Ceiling(s); Walk-In Closet; Washer/Dryer Hookup Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer; Water Filtration System; Water Osmosis System Assumable Loan: Not Assumable Basement: Drain Tiled; Full; Storage Space; Sump Pump; Unfinished Bath Description: Double Sink; Main Floor Full Bath; Upper Level 3/4 Bath; 3/4 Primary; Private Primary; Walk-In Shower Stall Construction Status: Previously Owned Dining Room Description: Breakfast Area; Eat In Kitchen; Informal Dining Room; Kitchen/Dining Room; Living/Dining Room Elevation Highpoint to Waterfront Slope: Level Exterior: Fiber Board Family Room Characteristics: Family Room; Great Room; Main Level Fencing: Partial; Privacy; Wood Financing Terms: Cash Fireplace Characteristics: Decorative; Gas Burning Foundation: Other Fuel: Natural Gas Heating: Forced Air Lake Details: Hard; Sand Laundry: Gas Dryer Hookup; Laundry Room; Main Level; Washer Hookup Lock Box Type: Supra Lot Description: Accessible Shoreline; Tree Coverage - Light Outbuildings: Additional Garage; Bunk House Parking Characteristics: Multiple Garages; Garage Door Opener; Heated Garage; Insulated Garage; Storage Pool Description: None Road Frontage: City Street; Paved Streets Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Asphalt Shingles Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Special Search: 3 BR on One Level; 4 BR on One Level; Main Floor Laundry; Primary Bdr Suite Stories: Two Water: City Water/Connected Waterfront View: South

Contract Information

Off Market Date
2025-08-03
Contingency
None
Closed Date
2025-08-22
Original List Price
3300000
Sales Close Price
3175000
ListPrice
3300000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
465
Street Name
Lakeview
Street Suffix
Avenue
Postal City
Excelsior
County
Hennepin
State
MN
Zip Code
55331
Complex/Dev/Subdivision
Minnetonka Lake Park

Assessments

Tax With Assessments
26505
Assessment Balance
0

Building Information

Finished SqFt Above Ground
2440

More Information

Elevation Highpoint to Waterfront Feet

Elevation Highpoint Waterfront Feet
0-4

Lake Details

Lake Acres
14205
Lake Depth
113
Hard
Yes
Sand
Yes

Lease Details

Land Leased
Not Applicable

Lock Box Type

Lock Box Source
MAAR
Supra
Yes

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
1044
Multiple Garages
Yes
Garage Door Opener
Yes
Heated Garage
Yes
Insulated Garage
Yes
Storage
Yes

Public Survey Info

Range#
23
Section#
27
Township#
117

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
MINNETONKA LAKE PARK LOT 79 MINNETONKA LAKE PARK INCL ADJ 1/2 OF VAC OKATA CT ALSO THAT PART OF UNNUMBERED BLK IN MINNETONKA LAKE PARK DESC AS FOL BEG AT PT OF INTER- SECTION OF N LINE OF MINNEKAMIN AVE AND W LINE OF GLADE AVE IN SAID PARK TH W ALONG SAID N LINE DIS 45 FT TH NLY ALONG A LINE DRAWN AT RT ANGLES TO N LINE OF MINNEKAMIN AVE TO S LINE OF OKATA CT TH ELY ALONG SAID S LINE TO W LINE OF GLADE AVE TH SLY ALONG SAID W LINE TO BEG INCL ADJ 1/2 OF VAC OKATA CT AND INCL ADJ VAC MINNE- KAMIN AVE EXCEPT PART TAKEN FOR LAKEVIEW AVE
Map Page
117
Municipality
Tonka Bay
School District
Minnetonka
School District Phone
952-401-5000
DNR Lake ID#
27013300
DNR Lake Classification
General Development
Zip Plus 4
9549
Property ID Number
2711723230123
Tax Year
2025
Tax Amount
26505
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Beautifully updated home on premier “A”-rated Gideon Bay of Lake Minnetonka with 60 feet of prime, south-facing shoreline and unobstructed lake views. Enjoy level, walk-out access to the water and abundant natural light throughout, thanks to all of the expansive windows. Renovated by Revision by Stonewood in 2018 and meticulously maintained, this home blends timeless charm with modern updates. The upper level features the primary suite with private bathroom, three bedrooms and an additional bathroom. The main level includes a flexible office or fifth bedroom, laundry/mudroom, and a full bathroom. The unfinished lower level offers ample storage. Outdoor and storage needs are met with both an attached 2-car garage and a large detached 26' x 27' 2-car garage—perfect for boats, lake toys, or extra vehicles. Newly built in 2022, the guest cottage provides an additional 226 sqft of living space for visitors, a home office, or creative pursuits. Enjoy dining and relaxing outdoors on the spacious lakeside patio that was updated in 2021. Located minutes from downtown Excelsior, Orono, Wayzata, and Chanhassen and within the award-winning Minnetonka School District. An exceptional opportunity to own a turnkey lakefront property in one of Lake Minnetonka’s most desirable locations.
Directions
Cty 19 to Tonka Bay Road, right on Hazel St. to Lakeview Ave. to home.

Accessible

None
Yes

Air Conditioning

Central Air
Yes

Amenities Unit

Dock
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
Vaulted Ceiling(s)
Yes
Walk-In Closet
Yes
Washer/Dryer Hookup
Yes

Appliances

Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes
Water Filtration System
Yes
Water Osmosis System
Yes

Assumable Loan

Not Assumable
Yes

Basement

Drain Tiled
Yes
Full
Yes
Storage Space
Yes
Sump Pump
Yes
Unfinished
Yes

Bath Description

Double Sink
Yes
Main Floor Full Bath
Yes
Upper Level 3/4 Bath
Yes
3/4 Primary
Yes
Private Primary
Yes
Walk-In Shower Stall
Yes

Construction Status

Previously Owned
Yes

Dining Room Description

Breakfast Area
Yes
Eat In Kitchen
Yes
Informal Dining Room
Yes
Kitchen/Dining Room
Yes
Living/Dining Room
Yes

Elevation Highpoint to Waterfront Slope

Level
Yes

Exterior

Fiber Board
Yes

Family Room Characteristics

Family Room
Yes
Great Room
Yes
Main Level
Yes

Fencing

Partial
Yes
Privacy
Yes
Wood
Yes

Financing Terms

Cash
Yes

Fireplace Characteristics

Decorative
Yes
Gas Burning
Yes

Foundation

Other
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Insurance Fee

Insurance Fee
0

Lake/Waterfront

Lake Front
Yes

Laundry

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

Lot Description

Accessible Shoreline
Yes
Tree Coverage - Light
Yes

Outbuildings

Additional Garage
Yes
Bunk House
Yes

Patio, Porch and Deck Features

Patio
Yes

Pool Description

None
Yes

Road Frontage

City Street
Yes
Paved Streets
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age Over 8 Years
Yes
Asphalt Shingles
Yes

Sellers Terms

Cash
Yes
Conventional
Yes

Sewer

City Sewer/Connected
Yes

Special Search

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

Stories

Two
Yes

Water

City Water/Connected
Yes

Waterfront View

South
Yes

Room Information

Informal Dining Room Dimensions: 13x10 Level: Main Kitchen Dimensions: 14x11 Level: Main Laundry Dimensions: 10x7 Level: Main Office Dimensions: 12x11 Level: Main Second (2nd) Bedroom Dimensions: 15x13 Level: Upper First (1st) Bedroom Dimensions: 14x12 Level: Upper Fourth (4th) Bedroom Dimensions: 12x10 Level: Upper Third (3rd) Bedroom Dimensions: 15x13 Level: Upper Guest House Dimensions: 17x11 Level: Main Dining Room Dimensions: 13x11 Level: Main Living Room Dimensions: 19x13 Level: Main
Listing Office: Coldwell Banker Realty
IDX
Last Updated: January - 27 - 2026
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