88 1st Street, Excelsior, MN 55331

$625,000

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Sold Price
$625,000
List Price
$649,900
Closing Date
Dec 31, 2025
MLS#
6764346
Status
CLOSED
Type
Land
Acres
4356

Property Description

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!

Additional Information

School District
Minnetonka
Tax Year
2025
Restrictions
Open
Waterfront Features
Lake View, Other
Water Body Name
Minnetonka
Topography
Level

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Calculator source: Real Geeks

Listing courtesy of United Real Estate Twin Cities.

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