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$1,200,000
ACTIVE Status 7134442 MLS
Exceptional 2.02-acre redevelopment opportunity in Shorewood, surrounded by $1M+ homes and within walking distance of downtown Excelsior, Lake Minnetonka, and Minnewashta Elementary. Have you ever wanted a home with an extremely long driveway? This property has it! Property is being marketed primarily for land/development value. Potential subdivision opportunity is subject to Shorewood approval; buyer/buyer’s agent to independently verify all subdivision, zoning, setback, utility, and development requirements with the City. Existing home is in substantial disrepair and may be considered a teardown, although renovation may be possible. Property is currently served by private well and septic. City water and sewer are stubbed/available for connection, and electrical service is available. Ideal opportunity for builder, developer, or buyer seeking a private estate site in an established luxury neighborhood.

26750 Smithtown, Excelsior

Listing courtesy of JPW Realty.

$498,000
ACTIVE Status 7128168 MLS
TEAR ME DOWN...or Bring Me Back to Life! Opportunity knocks in one of the Lake Minnetonka area's most desirable locations. Whether you're looking for a renovation project, investment opportunity, or future building site, this 3-bedroom home offers exceptional potential just a short walk from Historic Excelsior. Nestled among mature trees and next to the regional trail system, you'll enjoy easy access to Maynards, Excelsior Commons, Lake Minnetonka, shopping, dining, the library, and all the charm and activities that make Excelsior such a sought-after destination. The home features a private wooded setting, oversized 25x21 garage, expansive deck for entertaining, backyard firepit area, and a functional floor plan with plenty of space to reimagine. The main level includes a primary suite with a private ¾ bath and walk-in closet, while the walkout lower level offers two additional bedrooms, a full bath, and a large amusement room with bar area. Recent improvements include fresh interior paint and new carpeting, but buyers should expect repairs, deferred maintenance, and the need for cosmetic updating throughout. This is not a turnkey property and is being offered as an opportunity for someone with vision to build equity in a neighborhood surrounded by significantly higher-priced homes. The true value lies in the location, privacy, walkability, and potential. Rarely does a property in this setting become available at such an attractive price point. Renovate, refresh, expand, or rebuild—the choice is yours. Pre-listing inspection report available in MLS supplements. Buyers are encouraged to review the report prior to submitting an offer.

5200 Greenwood Circle, Excelsior

Listing courtesy of RE/MAX Advantage Plus.

$415,000
ACTIVE Status 7124508 MLS
Welcome to Highwood Haven, a charming original cabin with bedroom addition, nestled on a generous 0.69-acre lot in one of Minnetonka's most coveted neighborhoods. Surrounded by towering trees and natural wildlife, this private retreat offers a rare combination of tranquility and convenience within the Minnetonka School District. The home features three bedrooms and two bathrooms across approximately 1,586 square feet of living space. When passing thru the front foyer, you’ll enter the heart of the home and be greeted by the original stone fireplace, adjacent is the beautiful wooden beam ceilings great room addition, that create an atmosphere of warmth and character. Passing thru the galley kitchen you’ll either head down to the unfinished basement or up to the two-story bedroom addition, providing welcomed extra space. Stepping out from the kitchen, you’ll experience an exceptional outdoor living with the oversized deck, on side of the home, ideal for entertaining or simply enjoying the peaceful surroundings of trees and natural wildlife. A detached two-car garage out front, provides ample parking and storage, and the unfinished walk-out basement presents a blank canvas for future potential of a family room or potential two additional bedroom spaces. What truly sets this property apart is the large buildable lot, which opens the door to exciting possibilities. Whether you envision a thoughtful renovation that preserves the cabin's original charm, character and recently replaced roof in 2022 or a complete tear-down, to create your dream home from the ground up, this lot - land offers remarkable flexibility. The location is equally compelling, situated approximately one mile from Highway 494 with convenient access to Highway 7. McKenzie Park is nearby for outdoor recreation, and Lunds and Byerlys provides easy grocery shopping. Did I mention Minnetonka Schools?!? Schedule your private showing tomorrow to explore everything Highwood Haven has to offer.

TBD Highwood Drive, Minnetonka

Listing courtesy of MetroHomesMarket.com.

$5,299,000
ACTIVE Status 7126737 MLS
One of the finest lots on Lake Minnetonka, this extraordinary peninsula property offers breathtaking panoramic views spanning Excelsior Bay, Gideons Bay, Big Island, and the Lower Lake. A truly once-in-a-lifetime opportunity, the property features 240 feet of premier shoreline with two private docks and additional boat slips, creating the ultimate setting for boating, paddleboarding, waterskiing, and effortless lakefront living. Enjoy spectacular sunsets and front-row views of Excelsior’s Fourth of July fireworks from your own deck or patio. The charming existing home offers timeless lake character and comfortable living spaces ideal for year-round enjoyment or weekend retreats, while also presenting an exceptional opportunity to build a custom luxury estate and fully maximize the unmatched setting and panoramic views. Inside, the home features inviting living spaces with hardwood floors, beamed ceilings, a stone wood-burning fireplace, and walls of windows framing the stunning lake views. The main level includes a bedroom and full bath for added flexibility, while the upper level offers a private primary suite with ensuite bath, two additional bedrooms, a 3/4 bath, and convenient upper-level laundry. Expansive outdoor decks and patios provide the perfect spaces for entertaining or relaxing along the water’s edge. Located just minutes from downtown Excelsior, enjoy convenient access to trails, boutique shopping, award-winning restaurants, and year-round community events in one of Lake Minnetonka’s most sought-after settings.

xxx Meadville Street, Excelsior

Listing courtesy of RE/MAX Advantage Plus.

$499,900
ACTIVE Status 7120852 MLS
An Exceptional Opportunity in the Heart of Shorewood… You don’t come across opportunities like this often. Nestled on just over an acre in the highly desirable Shorewood, this prime parcel is already positioned for success, with medium-high density zoning and previous city-approved preliminary plat and concept plans for six single-family homes. The vision is in place. The groundwork has been laid. Now it’s simply waiting for the right builder or developer to bring it to life. With utilities readily available and much of the entitlement process already completed, you’re stepping into a project where the heavy lifting has been done, allowing you to focus on execution and maximizing potential. And the location… it truly speaks for itself. Backing directly up to Gideon Glen Park, you’ll love the natural surroundings and added green space this setting provides. Positioned across the street from the prestigious Minnetonka Country Club neighborhood, this location offers a sense of established luxury and community. You’re also just steps from your morning coffee at Caribou Coffee and outdoor recreation at Badger Park, making everyday living incredibly convenient and connected. Beyond the immediate surroundings, enjoy close proximity to the shores of Lake Minnetonka, where boating, dining, and year-round recreation create an unmatched lifestyle. Spend afternoons at Excelsior Commons, explore the charming shops and restaurants in Excelsior, or unwind with dinner and lake views at Maynards. With easy access to Minnesota State Highway 7, you’re seamlessly connected to the greater Twin Cities while still enjoying the tranquility of a premier lakeside community. Whether you’re looking to build and sell, create a boutique villa community, or invest in a high-demand area, this is your chance to step into a project with momentum already on your side. Opportunities like this are rare… now it’s your turn to bring it home.

24560 Smithtown Road, Excelsior

Listing courtesy of eXp Realty.

$3,998,000
ACTIVE Status 7112986 MLS
An extraordinary opportunity to own one of Lake Minnetonka's most coveted waterfront properties in highly desirable Smithtown Bay. Situated on over one acre with approximately 140 feet of level, west-facing sandy lakeshore, this exceptional estate captures breathtaking sunset views and offers a rare combination of privacy, prestige, and potential. Whether you choose to enjoy the home as it stands today, reimagine and renovate it to suit your lifestyle, or take advantage of this irreplaceable setting to build your dream estate, the possibilities are truly endless. The generous lot, coveted shoreline, and premier location near Howard's Point Marina and within the award-winning Minnetonka School District make this a once-in-a-generation offering. Bring your imagination and be delightfully surprised by the incredible opportunity that awaits. This home has been virtually staged. Sold AS-IS.

28235 Boulder Cir, Shorewood

Listing courtesy of Coldwell Banker Realty.

$960,000
ACTIVE Status 7084078 MLS
Premier Hilltop Gem in Minnetonka Schools: Your Dream Awaits on 2.3 Pristine Acres. This private and tranquil oasis offers the perfect canvas for your dream home. *Incredible Privacy: Tucked away on a quiet cul-de-sac and surrounded by Purgatory Park and Trails.( Look for the Owl Family that has lived in nearby trees for years!) *Stunning Views: Elevate your perspective with breathtaking views from your hilltop vantage point. *Premier Location: Enjoy the best of both worlds - the serenity of nature and the convenience of being just minutes away from top rated schools, shopping and dining. While the existing home might require substantial renovation or potential replacement, the true value of this property lies in its prime location and abundant natural beauty. This is your chance to build the custom home you've always envisioned, tailored to your unique needs and desires. PRO TIP FOR BUYERS: Wander the property at sunset to truly appreciate the site-lines. This is land that deserves an extraordinary home. Quick close possible.

17125 Stodola, Minnetonka

Listing courtesy of RE/MAX Results.

$439,900
ACTIVE Status 7049121 MLS
This private, nearly 1 acre lot with deeded access to Lake Minnetonka is located in an ideal location in the award-winning Minnetonka School District! There's no waiting in the drop off line at Groveland Elementary School as the school is just down the street from the private driveway of this lot. Walkable to nearby restaurants, retail, and fitness including Lifetime Fitness, Minnetonka Tennis Club, Snuffy's Malt Shop, Spasso, Lakewinds Food Co-Op, and more - this unique lot offers you the best of everything. This unique association gets you deeded access to the neighborhood's own private lakeside park located at 2801 McKenzie Point Road - less than a 1/2 mile from the lot; it includes parking, kayak and canoe storage, picnic tables, a small beach, and a 15 boat dock, which you can get on the waiting list for a slip. Also just blocks from the Gray's Bay public boat launch, you are conveniently located to enjoy all that Lake Minnetonka has to offer, as well as Lake Street in Wayzata. This lot listing includes a new survey, site plan, proposed build, architectural/construction plans and stormwater management plan - all ready to be submitted to the city for approval/permits. Bring your own builder/plans, or build the proposed build plans attached to this listing with Edina Building. Estimated build cost, $1,480,00 in addition to the lot.

3214 Groveland School Road, Minnetonka

Listing courtesy of Coldwell Banker Realty - Lakes.

$585,000
ACTIVE Status 7067313 MLS
Custom build your new dream home with Wooddale Builders on this beautiful .89-acre lot, offering a private, wooded retreat on a quiet cul-de-sac. The property provides the perfect combination of privacy and convenience, with lush trees surrounding the area, creating a peaceful natural setting. Located within the highly sought-after Minnetonka School District and located near Minnetonka Middle School, this lot offers the ideal location for those looking to build a custom home in a desirable neighborhood, The are several proposed floor plans, but at this time, there are opportunities for buyer to make alterations and customize the home to their specific needs. Design and build your dream home with Wooddale Builders.

15509 Robinwood Drive, Minnetonka

Listing courtesy of Edina Realty, Inc..

$2,440,000
ACTIVE Status 7057352 MLS
Experience lakeside living at its finest on this exceptional Lake Minnetonka lot, featuring 140 feet of level, A-rated sandy lakeshore on East Upper Lake. Nearly half an acre of southwest-facing shoreline offers miles of panoramic views and breathtaking sunsets over the water. This prime location combines peace and privacy with incredible convenience—just minutes from downtown Excelsior, scenic trails, and beautiful parks. Situated within the award-winning Minnetonka School District, this is a rare opportunity to build your dream home on one of the area’s most sought-after settings. Picture yourself enjoying life on this extraordinary lot—your piece of beautiful Lake Minnetonka. The house plan attached is available to be built. The total land and build cost would be $4,995,000

4410 Manitou Road, Tonka Bay

Listing courtesy of Gatehouse Properties LTD.

$2,195,000
ACTIVE Status 6817889 MLS
Welcome to this extraordinary opportunity on coveted Christmas Lake! This premier luxury homesite offers 120 feet of beautiful, sandy shoreline along the lake’s highly desirable southern edge — the perfect setting to design and build your custom luxury retreat. Tucked away on a 1.25-acre lot framed by mature trees, the property showcases sweeping views across the lake. A rare and valuable amenity is the ability to drive all the way to the lakeshore — a feature shared by only a select number of lakefront homes. With ideal topography for a custom walkout home, this expansive lot provides a stunning canvas to bring your vision to life. Enjoy everything fully recreational, spring-fed Christmas Lake has to offer, along with breathtaking views in every season.

970 Pleasant View Road, Chanhassen

Listing courtesy of RE/MAX Results.

$575,000
ACTIVE Status 6818898 MLS
Settled on a tranquil pond and offering uninterrupted views of the wetlands and nature, this private .9 acre building site is a pristine location for you to build your dream home! Owned by Wooddale Builders, this site is not open to any other builders. Nestled in a neighborhood of upper-bracket homes & surrounded by towering trees, this a prime opportunity! For over 50 years, Wooddale Builders has been a trusted, leading luxury builder in the Twin Cities. A truly custom experience - With meticulous attention to detail and the highest-quality craftsmanship, Wooddale Builders’ team of dedicated designers and construction experts will partner with you to create a home that reflects your personal style while incorporating today’s newest amenities and innovations in home design. Select a custom design from Wooddale’s collection or bring your own plans to life. Please note, the topography accommodates a walk-out lower level. These listing photos highlight the expertise & wide range of styles expertly refined by the builder in previously built homes & models are available to tour. Perfectly located close to downtown Excelsior & the amenities of Chanhassen, you’ll enjoy the very best of South Lake Minnetonka living. Served by Minnetonka Schools, residents will send their children to Excelsior Elementary, MMW and Minnetonka High School.

460 Indian Hill Road, Chanhassen

Listing courtesy of Coldwell Banker Realty.

$450,000
ACTIVE Status 6818894 MLS
Presenting Wooddale Builder’s newest development Waterview! Nestled near the shores of Lake Minnewashta and offering five beautiful lots with the opportunity to design the home of your dreams! For over 50 years, Wooddale Builders has been a trusted, leading luxury builder in the Twin Cities. A truly custom experience - With meticulous attention to detail and the highest-quality craftsmanship, Wooddale Builders’ team of dedicated designers and construction experts will partner with you to create a home that reflects your personal style while incorporating today’s newest amenities and innovations in home design. Select a custom design from Wooddale’s collection or bring your own plans to life. The listing photos highlight the expertise and styles expertly refined by the builder in previously constructed homes. Build packages start at $1,900,000. Current models are available to tour around the Twin Cities. This demand location is walkable to trails and nearby Roundhouse Park which features four pickle ball courts, tennis and sport courts, playground, sandy beach and fishing pier on Lake Minnewashta. Perfectly located close to the Minnesota Landscape Arboretum and downtown Excelsior. Enjoy easy access to all of the amenities Chanhassen offers and experience the very best of South Lake Minnetonka living. Served by the Minnetonka School district, residents will send their children to Minnewashta Elementary, MMW, and Minnetonka High School.

3941x White Oak Lane, Chanhassen

Listing courtesy of Coldwell Banker Realty.

$360,000
ACTIVE Status 6818892 MLS
Presenting Wooddale Builder’s newest development Waterview! Nestled near the shores of Lake Minnewashta and offering five beautiful lots with the opportunity to design the home of your dreams! For over 50 years, Wooddale Builders has been a trusted, leading luxury builder in the Twin Cities. A truly custom experience - With meticulous attention to detail and the highest-quality craftsmanship, Wooddale Builders’ team of dedicated designers and construction experts will partner with you to create a home that reflects your personal style while incorporating today’s newest amenities and innovations in home design. Select a custom design from Wooddale’s collection or bring your own plans to life. The listing photos highlight the expertise and styles expertly refined by the builder in previously constructed homes. Build packages start at $1,900,000. Current models are available to tour around the Twin Cities. This demand location is walkable to trails and nearby Roundhouse Park which features four pickle ball courts, tennis and sport courts, playground, sandy beach and fishing pier on Lake Minnewashta. Perfectly located close to the Minnesota Landscape Arboretum and downtown Excelsior. Enjoy easy access to all of the amenities Chanhassen offers and experience the very best of South Lake Minnetonka living. Served by the Minnetonka School district, residents will send their children to Minnewashta Elementary, MMW, and Minnetonka High School.

3961x White Oak Lane, Chanhassen

Listing courtesy of Coldwell Banker Realty.

$960,000
ACTIVE Status 6818897 MLS
With 112-feet of private Lake Minnewashta shoreline, this building site offers are rare opportunity to build new construction in Minnetonka schools! Presenting Wooddale Builder’s newest development Waterview. For over 50 years, Wooddale Builders has been a trusted, leading luxury builder in the Twin Cities. A truly custom experience - With meticulous attention to detail and the highest-quality craftsmanship, Wooddale Builders’ team of dedicated designers and construction experts will partner with you to create a home that reflects your personal style while incorporating today’s newest amenities and innovations in home design. Select a custom design from Wooddale’s collection or bring your own plans to life. The listing photos highlight the expertise and styles expertly refined by the builder in previously constructed homes. Build packages start at $1,750,000. Current models are available to tour around the Twin Cities. This demand location is walkable to trails and nearby Roundhouse Park which features four pickle ball courts, tennis and sport courts, playground, sandy beach and fishing pier on Lake Minnewashta. Perfectly located close to the Minnesota Landscape Arboretum and downtown Excelsior. Enjoy easy access to all of the amenities Chanhassen offers and experience the very best of South Lake Minnetonka living. Served by the Minnetonka School district, residents will send their children to Minnewashta Elementary, MMW, and Minnetonka High School.

3930 Stratford Lane, Chanhassen

Listing courtesy of Coldwell Banker Realty.

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