147 1st Street, Excelsior, MN 55331
- $725,000
- 2
- BD
- 1
- BA
- 741
- SqFt
- Sold Price
- $725,000
- List Price
- $649,900
- Days on Market
- 34
- Closing Date
- Apr 22, 2026
- MLS#
- 7027546
- Status
- CLOSED
- Type
- Single Family Residential
- Bedrooms
- 2
- Bathrooms
- 1
- Living Area
- 741
- Acres
- 0.12
- Subdivision
- Auditors Sub 135
- Year Built
- 1915
Property Description
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.
/u.realgeeks.media/danielgustafson/elisha-gustafson-lmre.jpg)
Additional Information
- School District
- Minnetonka
- Amenities Unit
- Ceiling Fan(s), Hardwood Floors, Kitchen Window, Natural Woodwork
- Appliances
- Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Tax Year
- 2026
- Fuel
- Natural Gas
- Lot Description
- Public Transit (w/in 6 blks), Tree Coverage - Light
- Sewer
- City Sewer/Connected
- Roof
- Asphalt, Pitched
- Air Conditioning
- Central Air
- Heating
- Forced Air
- Water
- City Water/Connected
- Basement
- Block, Daylight/Lookout Windows
- Parking
- On-Street Parking Only
Mortgage Calculator
Listing courtesy of Compass.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.