516 Grace Street, Excelsior, MN 55331 (MLS# 7021243)

General Property Information

Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Other Parking Spaces: 4
Road Btwn WF & Home?: No
Waterfront Present: Yes
Year Built: 1957
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: Yes
Bath Three Quarters: 2
Main Floor Total SqFt: 1540
Above Grd Total SqFt: 1540
Below Grd Total SqFt: 1202
Total SqFt: 2742
Total Finished Sqft: 2574.00
FireplaceYN: No
Lake/Waterfront Name: Galpin
Style: (SF) Single Family
Foundation Size: 1202
Power Company: Xcel Energy
Garage Stalls: Yes
Lot Dimensions: 81 x 201
Acres: 0.36
Assessment Pending: No
Number of Fireplaces: 0
Bath Half: 0
Bath Quarter: 0
Association Fee: 0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Ceiling Fan(s); Exercise Room; Hardwood Floors; In-Ground Sprinkler; Kitchen Center Island; Kitchen Window; Main Floor Primary Bedroom; Natural Woodwork; Patio; Porch; Primary Bedroom Walk-In Closet; Tile Floors; Walk-In Closet; Washer/Dryer Hookup; Wet Bar Appliances: Dishwasher; Disposal; Dryer; Energy Star Appliances; Microwave; Range; Refrigerator; Washer Assumable Loan: Not Assumable Basement: Concrete Block; Egress Windows; Full Bath Description: Double Sink; Main Floor 3/4 Bath; Main Floor Full Bath; 3/4 Primary; Private Primary; 3/4 Basement; Walk-In Shower Stall Construction Materials: Block Construction Status: Previously Owned Dining Room Description: Breakfast Area; Breakfast Bar Electric: 200+ Amp Service Elevation Highpoint to Waterfront Slope: Gradual Exterior: Cement Board Family Room Characteristics: Great Room; Lower Level; Main Level Financing Terms: Conventional Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air; In-Floor Heating Lake Details: Weeds Laundry: In Hall; Laundry Closet; Lower Level; Main Level; Washer Hookup Lock Box Type: Supra Lot Description: Tree Coverage - Medium Parking Characteristics: Insulated Garage Road Frontage: City Street; Cul De Sac; No Outlet/Dead End; Paved Streets Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Asphalt Shingles Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Special Search: All Living Facilities on One Level; Main Floor Bedroom; Main Floor Laundry; Main Floor Primary; Renovated Stories: One Water: City Water/Connected Waterfront View: South; West

Contract Information

Off Market Date: 2026-03-09
Contingency: None
Closed Date: 2026-04-20
Original List Price: 850000
Sales Close Price: 915000
ListPrice: 850000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 516
Street Name: Grace
Street Suffix: Street
Postal City: Excelsior
County: Hennepin
State: MN
Zip Code: 55331
Complex/Dev/Subdivision: Zims Add

Assessments

Tax With Assessments: 7329
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 1422
Finished SqFt Below Ground: 1152

More Information

Elevation Highpoint to Waterfront Feet

Elevation Highpoint Waterfront Feet: 10-15

Lake Details

Lake Acres: 45
Lake Depth: No
Weeds: Yes

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: MAAR
Supra: Yes

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 20 x 11
Garage Door Height: 7
Garage Door Width: 10
Garage Square Feet: 286
Insulated Garage: Yes

Public Survey Info

Range#: 23
Section#: 35
Township#: 117

Office/Member Info

Association: MAAR

Location, Tax and Other Information

AssocFeeYN: No
Legal Description: LOT 004 ZIMS ADDN
Listing City: Excelsior
Map Page: 117
Municipality: Excelsior
School District: Minnetonka
School District Phone: 952-401-5000
DNR Lake ID#: 27014400
DNR Lake Classification: Recreational Development
Zip Plus 4: 3235
Property ID Number: 3511723320027
Tax Year: 2025
Tax Amount: 7073
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Main floor living in Excelsior with private water views! Fully remodeled to the studs in 2020/2021 and re-crafted with a nod to its midcentury heritage while adding all the necessary spaces and amenities for today's living. Open Kitchen with large island and a built in bistro bench offers fabulous views of the lake and graciously welcomes the the sunlight thru its large lakeside windows. 2 bedrooms & 2 bathrooms on main including a true primary suite boasting; dual sinks, large shower, walk in closet and a screen porch. A 2nd large bedroom on main offers flexible space for lakeside bedroom/office/den with a 2nd full bath & laundry rounding out the main level. In the full walk out lower level you'll find 2 bedrooms and refreshed 3/4 bath giving room for guests who will all want to visit your new home in Excelsior - as well as a family room and a flex/exercise room! New deck and circle concrete driveway as well as all new windows, roof, gutters, siding & landscaping make this a truly turn key offering all an easy walk into the Village and all it has to offer. The perfect size with thoughtful layout and touches - this home punches above it's weight with spaces, finishes and location.
Directions: Mill Street south out of Excelsior, right on Grace Street.

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Amenities Unit

Ceiling Fan(s): Yes
Exercise Room: Yes
Hardwood Floors: Yes
In-Ground Sprinkler: Yes
Kitchen Center Island: Yes
Kitchen Window: Yes
Main Floor Primary Bedroom: Yes
Natural Woodwork: Yes
Patio: Yes
Porch: Yes
Primary Bedroom Walk-In Closet: Yes
Tile Floors: Yes
Walk-In Closet: Yes
Washer/Dryer Hookup: Yes
Wet Bar: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Energy Star Appliances: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Assumable Loan

Not Assumable: Yes

Basement

Concrete Block: Yes
Egress Windows: Yes
Full: Yes

Bath Description

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

Construction Materials

Block: Yes

Construction Status

Previously Owned: Yes

Dining Room Description

Breakfast Area: Yes
Breakfast Bar: Yes

Electric

200+ Amp Service: Yes

Elevation Highpoint to Waterfront Slope

Gradual: Yes

Exterior

Cement Board: Yes

Family Room Characteristics

Great Room: Yes
Lower Level: Yes
Main Level: Yes

Financing Terms

Conventional: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes
In-Floor Heating: Yes

Insurance Fee

Insurance Fee: 0

Lake/Waterfront

Lake Front: Yes
Lake View: Yes

Laundry

In Hall: Yes
Laundry Closet: Yes
Lower Level: Yes
Main Level: Yes
Washer Hookup: Yes

Lot Description

Tree Coverage - Medium: Yes

Patio, Porch and Deck Features

Composite Decking: Yes
Deck: Yes
Patio: Yes
Rear Porch: Yes
Screened: Yes

Road Frontage

City Street: Yes
Cul De Sac: Yes
No Outlet/Dead End: Yes
Paved Streets: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes
Asphalt Shingles: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Special Search

All Living Facilities on One Level: Yes
Main Floor Bedroom: Yes
Main Floor Laundry: Yes
Main Floor Primary: Yes
Renovated: Yes

Stories

One: Yes

Water

City Water/Connected: Yes

Waterfront View

South: Yes
West: Yes

Room Information

Family Room Dimensions: 24x13 Level: Lower First (1st) Bedroom Dimensions: 19 x 14 Level: Main Flex Room Dimensions: 14 x 11 Level: Lower Fourth (4th) Bedroom Dimensions: 11 x 9 Level: Lower Kitchen Dimensions: 17 x 12 Level: Main Living Room Dimensions: 21 x 12 Level: Main Primary Bath Dimensions: 13 x 12 Level: Main Screened Porch Dimensions: 14 x 8 Level: Main Second (2nd) Bedroom Dimensions: 15 x 13 Level: Main Third (3rd) Bedroom Dimensions: 13 x 11 Level: Lower