4900 Meadville Street, Excelsior, MN 55331

New Listing
$8,000,000
Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 5,900 Lot Size (sq. ft.): 27,443 Status: Active
Current Price: $8,000,000 List Date: 3/26/2026 Last Modified: 3/27/2026

Overview

Description

The price for the lot is $4,995,000. The photos of the home are AI-generated renderings to provide a sense of what could be built on this property. The total package price starts at $8M. This is a premier Lake Minnetonka build site with 199’ of northwest-facing, A-rated, flat, rip-rapped shoreline. Free from builder restrictions, this exceptional property offers the flexibility to bring your own architect and builder to design a custom home tailored to your vision. A rare opportunity for luxurious living on Lake Minnetonka, this stunning .63 acre property has been perfectly graded and features a manicured lawn with panoramic views in an idyllic, peaceful setting. Nestled on the end of a quiet street with a neighborhood park and walking trail, you will enjoy easy access to the LRT Trail, which stretches over 15 miles and offers scenic views of Lake Minnetonka along the way. Just a 1-mile walk from the charming Village of Excelsior, enjoy all the boutiques, chef-driven restaurants, Library, Brewery and the upscale Kowalski’s grocery store. The beauty of the Commons, nestled alongside Lake Minnetonka, is home to Concerts in the Park throughout the summer. Excelsior is host to year-round community events including the 4th of July Celebration and Fireworks, Art Fairs, Apple Days, Klondike Dog Derby and numerous fun runs all year long. This is an incredible opportunity to build your dream home in an unbeatable location in the demand Minnetonka School District. This property is shown by appointment only – please no site visits without having an approved showing. Please note the dock will stay with the property however, the boathouse, boat lift, and kayak lift do not convey.

Open Houses

Listing Details MLS# 7042631

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
2
Road Btwn WF & Home?
No
Waterfront Frontage
199
Waterfront Present
Yes
Year Built
2026
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
2
Bath Three Quarters
2
Bath Half
Yes
Main Floor Total SqFt
2100
Above Grd Total SqFt
3800
Below Grd Total SqFt
2100
Total SqFt
5900
Total Finished Sqft
3800.00
FireplaceYN
Yes
Lake/Waterfront Name
Minnetonka
Style
(SF) Single Family
Foundation Size
2100
Power Company
Xcel Energy
Garage Stalls
3
Lot Dimensions
199.5L x 152 x 167 x 152
Acres
0.63
Bath Quarter
0
Association Fee
0

Property Features

Accessible: None Air Conditioning: Central Air Basement: Egress Windows; Full Construction Status: To Be Built/Floor Plan Elevation Highpoint to Waterfront Slope: Gradual Existing Financing: Free and Clear Exterior: Brick/Stone; Cement Board Foundation: 8 ft+ Pour Fuel: Electric; Natural Gas Heating: Forced Air Lake Details: Hard; Sand Lot Description: Accessible Shoreline; Irregular Lot; Tree Coverage - Medium; Underground Utilities Road Frontage: City Street; No Outlet/Dead End; Paved Streets Road Responsibility: Public Maintained Road Sellers Terms: Adj. Rate/Gr Payment; Cash; Conventional Sewer: City Sewer/Connected Stories: Two Water: Well Waterfront View: Lake; Panoramic; North; West

Contract Information

Contingency
None
Original List Price
8000000
ListPrice
8000000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
4900
Street Name
Meadville
Street Suffix
Street
Postal City
Excelsior
County
Hennepin
State
MN
Zip Code
55331

Assessments

Tax With Assessments
46861
Assessment Balance
0

Building Information

Finished SqFt Above Ground
3800

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

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
740

Public Survey Info

Range#
23
Section#
26
Township#
117

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
MEADEVILLE PARK LOTS 1 2 AND 3 MEADEVILLE PARK INCL ADJ VAC STREET ALSO THAT PART OF LOT 1 COVINGTON, IN THE TOWN OF EXCELSIOR DESC AS FOL BEG AT PT OF INTERSECTION OF W LINE OF SAID LOT 1 COVINGTON WITH THE NELY EXTENSION OF SLY LINE OF SAID LOT 1 M EADEVILLE PARK TH NELY ALONG SAID EXTENSION DIS 49.80 FT TH DEFL LEFT 74 DEG 24 MIN 50 SEC AND RUNNING NWLY TO SHORE OF LAKE MTKA TH SWLY ALONG SAID SHORE TO ITS INTERSECTION WITH W LINE OF SAID LOT 1 COVINGTON AND ITS EXTENSIONS TH S ALONG SAID W L I NE TO BEG
Listing City
Excelsior
Map Page
117
Municipality
Greenwood
School District
Minnetonka
School District Phone
952-401-5000
DNR Lake ID#
27013300
DNR Lake Classification
General Development
Zip Plus 4
397
Property ID Number
2611723240033
Tax Year
2026
Tax Amount
46861
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
The price for the lot is $4,995,000. The photos of the home are AI-generated renderings to provide a sense of what could be built on this property. The total package price starts at $8M. This is a premier Lake Minnetonka build site with 199’ of northwest-facing, A-rated, flat, rip-rapped shoreline. Free from builder restrictions, this exceptional property offers the flexibility to bring your own architect and builder to design a custom home tailored to your vision. A rare opportunity for luxurious living on Lake Minnetonka, this stunning .63 acre property has been perfectly graded and features a manicured lawn with panoramic views in an idyllic, peaceful setting. Nestled on the end of a quiet street with a neighborhood park and walking trail, you will enjoy easy access to the LRT Trail, which stretches over 15 miles and offers scenic views of Lake Minnetonka along the way. Just a 1-mile walk from the charming Village of Excelsior, enjoy all the boutiques, chef-driven restaurants, Library, Brewery and the upscale Kowalski’s grocery store. The beauty of the Commons, nestled alongside Lake Minnetonka, is home to Concerts in the Park throughout the summer. Excelsior is host to year-round community events including the 4th of July Celebration and Fireworks, Art Fairs, Apple Days, Klondike Dog Derby and numerous fun runs all year long. This is an incredible opportunity to build your dream home in an unbeatable location in the demand Minnetonka School District. This property is shown by appointment only – please no site visits without having an approved showing. Please note the dock will stay with the property however, the boathouse, boat lift, and kayak lift do not convey.
Directions
Minnetonka Blvd to Meadville Street to the lot

Accessible

None
Yes

Air Conditioning

Central Air
Yes

Basement

Egress Windows
Yes
Full
Yes

Construction Status

To Be Built/Floor Plan
Yes

Elevation Highpoint to Waterfront Slope

Gradual
Yes

Existing Financing

Free and Clear
Yes

Exterior

Brick/Stone
Yes
Cement Board
Yes

Foundation

8 ft+ Pour
Yes

Fuel

Electric
Yes
Natural Gas
Yes

Heating

Forced Air
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

Road Frontage

City Street
Yes
No Outlet/Dead End
Yes
Paved Streets
Yes

Road Responsibility

Public Maintained Road
Yes

Sellers Terms

Adj. Rate/Gr Payment
Yes
Cash
Yes
Conventional
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

Well
Yes

Waterfront View

Lake
Yes
Panoramic
Yes
North
Yes
West
Yes
Listing Office: Coldwell Banker Realty
IDX
Last Updated: March - 27 - 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.