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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.

$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.

$4,573,100
CLOSED Status 7042283 MLS
A premier Lake Minnetonka build site with 199’ of northwest-facing, A-rated, flat, rip-rapped, Lake Minnetonka lakeshore. This stunning .63 acre property features a manicured lawn with panoramic views in an idyllic, peaceful setting. This is a rare opportunity for luxurious living on Lake Minnetonka. This property is shown by appointment only – no site visits without having an approved showing. The lot has been perfectly graded and is prepped and ready for you to build your dream home. The neighborhood is exceptional with a small neighborhood park and walking trail and adjacent to the LRT Trail. Just a 1-mile walk from charming Excelsior, enjoy all the boutique shops, restaurants, antique stores, Library, Brewery and Kowalski’s grocery store – minutes away! The beauty of the Commons, nestled alongside Lake Minnetonka, is home to Concerts in the Park all summer long. Excelsior is host to events including the 4th of July Celebration and Fireworks, Art Fairs, Apple Days, Klondike Dog Derby and numerous fun runs that take place every season of the year. This is an incredible opportunity to build your dream home in a prime location in the demand Minnetonka School District. Open to all builders. Please note the dock will stay with the property however the boathouse, boat lift, and kayak lift do not convey.

4900 Meadville Street, Excelsior

Listing courtesy of Coldwell Banker Realty.

$270,000
CLOSED Status 7029295 MLS
Exceptional opportunity in the heart of Shorewood! This prime half-acre lot is ideally located just steps from the Lake Minnetonka Regional Trail, offering direct access into downtown Excelsior where you’ll enjoy restaurants, boutique shopping, and vibrant lake life year-round. Walk or bike to nearby Tonka Bay for additional dining favorites including Hazelwood and Joey Nova’s. This spacious half-acre property offers incredible flexibility — build a revenue-producing duplex or design your dream single-family home in one of the most desirable areas near Lake Minnetonka. The generous lot size provides ample space for thoughtful design, outdoor living, and long-term value. Rarely do lots of this size and location become available. Whether you’re an investor looking to capitalize on income potential or a homeowner ready to build new, this is an outstanding opportunity to secure land in a highly sought-after community.

5600 Shorewood Lane, Excelsior

Listing courtesy of Keller Williams Premier Realty Lake Minnetonka.

$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.

$500,000
CLOSED Status 6708504 MLS
Build Your Dream Home Near Lake Minnetonka – 4.37 Acres in the Heart of Excelsior Don’t miss this rare opportunity to own 4.37 acres of prime land just a block off the shores of Lake Minnetonka and minutes from charming downtown Excelsior. Tucked away in a private and peaceful setting, this expansive property offers the perfect canvas to build your dream home in one of Minnesota’s most desirable communities. Enjoy the best of both worlds – serene natural surroundings and close proximity to boutique shops, restaurants, trails, and lake access. With ample space and mature trees, this lot provides endless possibilities for a custom estate, outdoor living spaces, or even a private retreat. Opportunities like this don’t come along often – come see the potential for yourself and start planning your future in Excelsior today.

TBD Maple View Court, Excelsior

Listing courtesy of eXp Realty.

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