1st Street Excelsior

PENDING Status ⋅ 3 Beds ⋅ 3 Baths ⋅ 7112687 MLS ⋅ 2,011 SqFt.

Super hard to find townhome on Lake Minnetonka, and even more so, the highly sought after Gideon's Bay! Resort style living within walking distance to downtown Excelsior. Less than 20 yards from your back door to the private sandy beach that comes with a dock and it's very own boat slip. There is 3 units that have access to the dock and the boat slips and each unit gets their very own slip on the dock. This is the end-unit where both sides look out over the lake and you have magnificent views from every window in the unit. Kitchen window.. lake view! Bathroom window.. lake view! Upper bedroom windows.. yup lake view on both sides! Spend a day on the lake boating, fishing, or splashing around. Dry off and take a walk, hop on your bike, or skateboard and a couple minutes later you will be in downtown Excelsior where you might pinch yourself on the way just to make sure you're not dreaming, as that is exactly what this little town feels like, a Fairy Tale! Throughout the summer enjoy concerts in the park, watch fireworks from your dock or grab an ice cream cone from the lakeside ice cream stand and try to lick it all before it melts down your hand. If you would rather just relax with a cold beverage on the patio I cannot think of many better spots other than right in your own backyard! Take in the sunset and then head inside where there are many updates. The whole unit has been pretty much transformed in the last 12 years. New HVAC, added spray foam insulation in 2025, newer windows, beautiful hardwood floors with spaces that flow together seamlessly. 3 bedrooms up with an awesome primary suite and of course it overlooks the lake from every window in the room. Might as well book a showing as once you get here you will fall in love. Thanks for taking a look and FYI there are no rentals allowed.

6 1st Street, Excelsior

Listing courtesy of NOW Realty.

$725,000

CLOSED Status ⋅ 2 Beds ⋅ 1 Baths ⋅ 7027546 MLS ⋅ 741 SqFt.

Charming one-story home in the heart of historic Excelsior Village, offering a rare opportunity to enjoy Lake Minnetonka living at an approachable price point. This 2-bedroom, 1-bath residence sits just steps from Water Street, where you can walk to numerous amazing restaurants, shops, Excelsior Commons, Kowalski's grocery, and the regional trail system. The home itself provides a simple, functional layout ideal for a seasonal retreat, summer getaway, or low-maintenance year-round living. Enjoy morning coffee on the porch, evenings at the lake, and the convenience of being close to marinas, parks, and the vibrant downtown scene that defines Excelsior. For those looking to build, the property also presents a prime custom build opportunity. Surrounded by high-end homes and ongoing investment in the area, this lot offers strong long-term potential. Listing agent has conceptual plans available for a new home designed to fit the site. Garage could be added to homesite. Whether you’re looking for a “cabin in the city,” a weekend escape, or a future build site in one of Lake Minnetonka’s most sought-after communities, this property offers flexibility and location that are hard to replicate.

147 1st Street, Excelsior

Listing courtesy of Compass.

$1,025,000

CLOSED Status ⋅ 5 Beds ⋅ 2 Baths ⋅ 7002718 MLS ⋅ 2,749 SqFt.

**Sold before print. Located in the heart of Excelsior, just steps from Lake Minnetonka and the town’s vibrant Water Street, this home offers a rare blend of modern design and small-town charm. Built in 2007, this sophisticated residence spans approximately 2,749 square feet and features five bedrooms and two bathrooms. The home showcases generous natural light and a thoughtful layout that balances open living spaces with cozy, private retreats. One of its most distinctive features is the third-floor that opens to a rooftop deck which is a unique and ideal spot for evening gatherings or quiet sunsets. Situated on a 0.15-acre lot, the property includes a detached three-car garage, providing ample parking and storage flexibility. Located within the award-winning Minnetonka School District, the home also offers close proximity to Excelsior’s boutique shops, restaurants, cafés, and community events, all within walking distance. This is a standout opportunity to live at the center of one of Minnesota’s most desirable lake towns!

135 1st Street, Excelsior

Listing courtesy of Compass.

$625,000

CLOSED Status ⋅ 6764346 MLS

Rare opportunity to build a new home on one of the best available lots in the coveted Heart of Excelsior or buy and hold as an investment. This prime wide open corner lot offers expansive unobstructed views across Excelsior Commons Park with Lake Minnetonka just a few steps away and right outside the door of your future home. Enjoy all the public amenities and zero HOA fees including 2 swimming beaches, playground, tennis courts, basketball, baseball, kayaking, grilling, fishing, fireworks on the 4th, or just relax by the open firepits and relish live music at the park bandshell, plus much more. All this and located within the award-winning Minnetonka Schools and Excelsior Elementary, walking distance to historic Water Street boasting numerous shops and fine dining experiences, easy access to Lake Minnetonka LRT Reginal Trail system. In addition, Excelsior residents are eligible for boat slips or sailboat mooring buoys via the city dock program waiting list. Note the previous home has already been demolished and removed from the site saving you substantial $$$ in demolition costs. Open to any builder. Do not delay!

88 1st Street, Excelsior

Listing courtesy of United Real Estate Twin Cities.

$1,255,000

CLOSED Status ⋅ 3 Beds ⋅ 3 Baths ⋅ 6752598 MLS ⋅ 1,925 SqFt.

Extremely rare opportunity to own a spacious townhome just steps from “A-grade” Gideon’s Bay on iconic Lake Minnetonka in Downtown Excelsior! All three townhome owners are able to have a boat slip, and with none currently in use, the new owner can dock their boat immediately in the installed slip—no wait. Enjoy exceptional hard sand shoreline & private beach—complete with front-row views of the spectacular 4th of July fireworks. From the moment you walk in, you're greeted by panoramic lake views and inviting living spaces, including multiple seating areas perfect for entertaining or relaxing with a large paver patio outside. The kitchen features rich hardwood cabinetry, granite countertops, and a layout that flows seamlessly into the main living areas. Upstairs, you'll find three generously sized bedrooms—all conveniently located on the same level—with stunning lake views from every room. Ideally located within walking distance to The Commons, Downtown Excelsior boutique shops & restaurants, and the Lake Minnetonka Regional Trail. Pet-friendly. No rentals. Bring your boat + boat lift, family + friends—Lake Life is calling—don’t miss this rare Excelsior lake gem!

4 1st Street, Excelsior

Listing courtesy of Coldwell Banker Realty.

$1,040,000

CLOSED Status ⋅ 4 Beds ⋅ 4 Baths ⋅ 6724413 MLS ⋅ 3,000 SqFt.

Welcome to the stunning 2 story cottage style home nestled a block from the shores of Lake Minnetonka and the charming village of Excelsior. This beautifully remodeled home by Lake Country Builders seamlessly blends modern amenities with classic charm. As you step inside this inviting home you will discover an abundance of natural light flowing through. The main floor features the primary owners suite, a spacious living room with a cozy stone surrounded gas fireplace. The gourmet kitchen boasts sleek counter tops, SS/appliances, and ample cabinet space. This home offers 2 additional bedrooms and bathroom on the upper level along with a large loft/ office space that truly makes this space stand out. As you enter the lower level you enter your private sanctuary where you have a large wet bar which is a great space for entertaining and living room with an additional gas fireplace. The lower level is also home to the large 4th bedroom with private full bath. The backyard leads you to your private studio space with electric heat. With its perfect blend of modern refinement this home is a true gem in the heart of Excelsior. Roof, furnace, AC have all been done in the past 5 years.

168 1st Street, Excelsior

Listing courtesy of RE/MAX Advantage Plus.

$819,225

CLOSED Status ⋅ 4 Beds ⋅ 3 Baths ⋅ 6628726 MLS ⋅ 2,251 SqFt.

Step into a piece of history in this 1915 storybook cottage, located in the heart of Excelsior just one block from the shorelines of Lake Minnetonka and expansive green spaces of the Excelsior Commons. Featuring, 4-beds and 3-baths, this residence boasts just over 2,200 sq. ft. of beautifully finished living space. Revel in the warmth of walnut-stained hardwood floors that extend throughout the main level, cozy up by the wood burning fireplace or soak up the sun from the spacious all season sun porch. Cook and entertain in style with a chef-inspired kitchen, featuring Noire soap-stone counter tops, vintage cast iron double basin sink, Wolf gas range with vent hood, an abundance of storage space and extensive eat at center island. The adjacent formal dining space is fantastic for entertaining yet easily transformed to accommodate your specific needs. The primary suite offers a full bath with newly tiled shower surround, two darling recessed nooks and closet. Down the hall lie the three additional bedrooms with full updated hall bath. The lower level is partially finished as recreation room yet maintains an abundance of storage. The charming exterior was updated in 2017 with Hardie board siding, Marvin Integrity windows and new aluminum soffit and facia. The garage was equipped with a new gutter system in 2023. You will be enchanted with this home and the vibrant lakeside village of Excelsior. What an amazing opportunity for walkability to the many dining, shopping and community events that make this area so special.

253 1st Street, Excelsior

Listing courtesy of Edina Realty, Inc..

$615,000

CLOSED Status ⋅ 2 Baths ⋅ 6582821 MLS

**SOLD BEFORE PRINT. Rare and special opportunity in the heart of downtown Excelsior. The sellers reimagined this prior Up-Down Style Duplex into charming open concept work space areas for their growing advertising company. This is a wonderful opportunity for either a traditional buyer to enhance the property further as a single family opportunity with the existing footprint or for a commercial buyer given the rare opportunity to have a parcel that is zoned for "Downtown Commercial" to redevelop it using the city's requirements for set backs and hardcover rules. 1081 sq feet recorded prior - however it truly boasts 800 square feet of usable space that features a kitchenette on the upper floor, wet bar on the main floor, 2 half baths (upper and lower - thus non ADA compliant as is) and a walkout lower level to a lovely backyard patio that overlooks a little greenspace and wooded views. Located just seconds from Excelsior's charming Water Street shops and restaurants with ample free parking next to the brewery. Enjoy your very own path access to the Lake Minnetonka Regional Trail that is located just to the rear of the property. The build year is recorded as 1900, however the historic records suggest that it may be circa 1874 and was the Darnell's Boarding house at one time. *See the list of Seller's improvements attached.

468 3rd St, Excelsior

Listing courtesy of Coldwell Banker Realty.

$2,465,060

CLOSED Status ⋅ 3 Beds ⋅ 3 Baths ⋅ 6488946 MLS ⋅ 2,552 SqFt.

Sold before print.

511 2nd St Unit 1, Excelsior

Listing courtesy of Compass.

$1,100,000

CLOSED Status ⋅ 3 Beds ⋅ 3 Baths ⋅ 6436271 MLS ⋅ 1,902 SqFt.

SOLD BEFORE PRINT. Downtown Excelsior living at its finest! Steps from Lake Minnetonka, this two-story home boasts three bedrooms, three bathrooms and a two-car attached garage. Beautifully redesigned and remodeled by Landschute in 2008. The front door opens to reveal the inviting living room with original hardwood floors and gas fireplace. Overlooking the dining room, the gourmet kitchen offers custom cabinetry, granite countertops and high-end appliances. Retreat to the upper-level primary suite with vaulted ceiling, walk-in closet, and private full bathroom. An additional bedroom suite with full bathroom completes the upper level. The lower level highlights the family room and third bedroom. Explore Water Street with its boutique shopping, fine dining, and Lake Minnetonka amenities.

122 1st Street, Excelsior

Listing courtesy of Compass.

$536,000

CLOSED Status ⋅ 6322047 MLS

This classic corner Excelsior lot has views of Lake Minnetonka and the park. Walking distance to Downtown Excelsior. Build must be same approximate footprint (1100 fsf first level) as previous home that was torn down this fall. Preliminary 'no construction' plans available to interested and serious prospects only that been pre-approved by the city.

44 1st, Excelsior

Listing courtesy of Coldwell Banker Realty.