254 Lake St

Excelsior, MN 55331

$5,299,000
Price
4
Beds
4,661 Sq. Ft.
$1,137 / Sq. Ft.
4,661
Sq. Ft.
$1,137
per Sq. Ft.

Description

Discover unparalleled luxury living in this exceptional new construction single-family home spanning over 5,000 square feet on prestigious Lake Street, perfectly positioned directly across from the pristine waters of Lake Minnetonka in the heart of historic downtown Excelsior. This stunning fresh build represents the pinnacle of contemporary design and premium craftsmanship, offering an extraordinary lifestyle where lakefront elegance meets vibrant downtown energy just moments from Minnesota's most...Discover unparalleled luxury living in this exceptional new construction single-family home spanning over 5,000 square feet on prestigious Lake Street, perfectly positioned directly across from the pristine waters of Lake Minnetonka in the heart of historic downtown Excelsior. This stunning fresh build represents the pinnacle of contemporary design and premium craftsmanship, offering an extraordinary lifestyle where lakefront elegance meets vibrant downtown energy just moments from Minnesota's most coveted lake. Wake up to breathtaking water views and endless recreational opportunities while being steps away from boutique shopping, acclaimed waterfront restaurants, the famous Excelsior Commons, and seasonal festivals that make this community so special. Excelsior seamlessly blends historic charm with modern sophistication, where you can stroll tree-lined streets to lakeside dining, catch live music at the bandshell, launch your boat just minutes away, or simply enjoy the tranquil beauty of lakeside living that puts water sports, fine dining, and the coveted Lake Minnetonka lifestyle right at your doorstep. With fresh contemporary design featuring premium finishes throughout, modern energy-efficient systems, move-in ready convenience, and builder warranty protection, this expansive home offers the perfect blend of luxury, location, and lifestyle in one of Minnesota's most desirable communities where every day feels like a vacation and easy Twin Cities access maintains that cherished small-town lake community feel that makes Excelsior truly extraordinary.

Property Details for 254 Lake Street

Subdivision Name
Seamans Sub Of Lts 7 & 8 Excelsior
View
Bay, East, Harbor, Panoramic
Waterfront Features
Lake View
Waterfront YN
No
Zoning Jurisdiction
Residential-Single Family
LISTING UPDATED: 12/01/2025 11:32 AM

Property Details for 254 Lake Street

StatusActive
MLS #6789422
Days on Compass46
Taxes$13,981 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built2025
Lot Size0.16 AC / 6,969 SF
CountyHennepin County

Location

Listing Courtesy of Rize Realty
Add your commute

Building Information for 254 Lake Street

Stories-Year Built2025Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

$27,349 per month

30 year fixed, 6.28% Interest

Principal and Interest

$26,184

Property Taxes

$1,165

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 254 Lake Street

Summary
Location and General Information
  • City Name: Excelsior
  • County Or Parish: Hennepin
  • County: Hennepin-MN
  • Directions: WATER ST TO LAKE ST TO 1ST ST RIGHT INTO ALLEY - 254 STRAIGHT AHEAD
  • Latitude: 44.905503
  • Longitude: -93.566749
  • Nbr of Acres: 14205
  • Lake Chain: N
  • Lake Name: General Development
  • PLAT: 113
  • Map Coordinate: 117-E3
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Excelsior
  • City and Location Text: Excelsior(MN)
  • Postal Code: 55331
  • State Or Province: MN
  • Public Survey Township: 117
  • Waterfront Property YN: Yes
  • Complex Name: Minnetonka
  • Waterfront Footage: 27013300
Taxes and HOA Information
  • Additional Parcels: No
  • Association Fee: $.00
  • Association: No
  • Parcel Number: 3411723110134
  • Tax Annual Amount: $13,981.00
  • Tax Legal Description: LOT 003 SEAMANS SUBD OF LOTS 7 & 8 EXCELSIOR EX ALLEY
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2025
  • Tax With Assessments: 13981.0000
School Information
  • High School District: 276 - Minnetonka
  • School District Number: 276
  • School District Phone: 952-401-5000
Property
Lot Information
  • Above Grade Fin SQFT: 2983.0
  • Below Grade Fin SQFT: 1678.0
  • SQFT Total: 4661.0
  • Lot Size Area: 0.16
  • Lot Size Dimensions: 55X127
  • Lot Size Square Feet: 6969.6
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • SQFT Main Total: 2414.0000
  • Building Area Total: 5922.0
  • Above Grade SqFt Total: 4156.0000
  • Below Grade SqFt Total: 1766.0000
Property and Assessments
  • Age Of Property: 0
Utilities
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Fencing: Wood
  • Foundation Area: 1766.0
  • Fuel: Natural Gas
  • Pool Features: Below Ground, Heated, Outdoor Pool
  • Roof: Age 8 Years or Less
  • Patio Porch Type: Covered,Patio,Screened
Interior Features
  • Appliances: Chandelier, Dishwasher, Double Oven, Dryer, Electronic Air Filter, Exhaust Fan, Freezer, Humidifier, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer
  • Basement Type: Block
  • Amenities Unit: Ceiling Fan(s),Exercise Room,Hardwood Floors,Hot Tub,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Patio,Panoramic View,Sauna,Boat Slip,Tile Floors,Vaulted Ceiling(s),Washer/Dryer Hookup,Wet Bar,Walk-In Closet
  • Bath Desc: Basement,Full Primary,Main Floor 1/2 Bath,Sauna,Steam Shower,Upper Level Full Bath
  • Bathrooms Full: 3
  • Bathrooms Half: 1
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total Count: 4
  • Bedrooms Total: 4
  • Fireplace Features: Family Room, Gas, Living Room
  • Fireplaces Total: 2
  • FireplaceYN: Yes
  • Cooling: Central Air
  • Dining Room Description: Informal Dining Room
  • Garage Dimensions: 20x26
  • Garage Square Feet: 531
  • Heating: Forced Air
  • Levels: Two
  • Basement YN: Yes

Property History for 254 Lake Street

DateEvent & SourcePriceAppreciation
Nov 26, 2025

Price Change

NorthStar #6789422

$5,299,000—
Oct 31, 2025

Listed (Active)

NorthStar #6789422

—
Oct 4, 2025

Off Market

NorthStar #6789422

—
Oct 3, 2025

Listed (Active)

NorthStar #6789422

—
Jan 31, 2023

Sold (Public Record)

Public Record #1505057830

$762,500—
Jan 27, 2023

Sold (Public Record)

Public Record #1505057831

$762,500

+0.6% / yr

Apr 18, 2008

Sold (Public Record)

Public Record #236596132

$695,000

+5.4% / yr

Apr 18, 2008

Sold

Lake Superior Area REALTORS #1566012

$695,000—
Feb 1, 2008

Pending

Lake Superior Area REALTORS #1566012

—
Jan 28, 2008

Listed (Active)

Lake Superior Area REALTORS #1566012

$709,000—
May 30, 2006

Sold (Public Record)

Public Record #198386952

$629,500—
May 30, 2006

Sold

NorthStar #3103857

$629,500—
Apr 19, 2006

Pending

NorthStar #3103857

—
Oct 7, 2005

Off Market

NorthStar #2379753

—
Oct 7, 2005

Listed (Active)

NorthStar #3103857

$699,900—
Mar 1, 2005

Listed (Active)

NorthStar #2379753

$789,000—
DateEvent & SourcePrice
11/26/2025

Price Change

NorthStar #6789422

$5,299,000
10/31/2025

Listed (Active)

NorthStar #6789422

—
10/04/2025

Off Market

NorthStar #6789422

—
10/03/2025

Listed (Active)

NorthStar #6789422

—
01/31/2023

Sold (Public Record)

Public Record #1505057830

$762,500
01/27/2023

Sold (Public Record)

Public Record #1505057831

$762,500

+0.6% / yr

04/18/2008

Sold (Public Record)

Public Record #236596132

$695,000

+5.4% / yr

04/18/2008

Sold

Lake Superior Area REALTORS #1566012

$695,000
02/01/2008

Pending

Lake Superior Area REALTORS #1566012

—
01/28/2008

Listed (Active)

Lake Superior Area REALTORS #1566012

$709,000
05/30/2006

Sold (Public Record)

Public Record #198386952

$629,500
05/30/2006

Sold

NorthStar #3103857

$629,500
04/19/2006

Pending

NorthStar #3103857

—
10/07/2005

Off Market

NorthStar #2379753

—
10/07/2005

Listed (Active)

NorthStar #3103857

$699,900
03/01/2005

Listed (Active)

NorthStar #2379753

$789,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 254 Lake Street

Taxable ValueLand$1,037,500Additions$25,600Total$1,063,100
Tax Record2025$13,981 ($1,165 / month)
Home Facts
Beds4Baths2.2Total Finished SqFt2,018 SqFtAbove Grade Finished SqFt2,018 SqFtStories2Lot Size6,970 SqFtStyleSingle Family ResidenceYear Built1910Year Renovated1990CountyHENNEPINAPN34-117-23-11-0134Fireplace TypeHas Fireplace

Schools near 254 Lake Street

This home is within Minnetonka Public School District.
Rating
School
Type
Grades
Distance
Excelsior Elementary School
Public - K to 5
Minnetonka West Middle School
Public - 6 to 8
Minnetonka Senior High School
Public - 9 to 12
Tonka Online
Public - 6 to 12
Rating
School
Distance
Excelsior Elementary School
PublicK to 5

Minnetonka West Middle School
Public6 to 8

Minnetonka Senior High School
Public9 to 12

Tonka Online
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 254 Lake Street, Excelsior, MN 55331

254 Lake Street is a single family home for sale in Excelsior, MN 55331. This property was listed for sale on October 4, 2025 by Rize Realty, it's currently listed at $5,299,000. It has been on the market for a total of 46 days and was last sold on January 31, 2023. This listing's school district is Minnetonka Public School District. Nearby schools include Excelsior Elementary School, Minnetonka West Middle School and Minnetonka Senior High School. 254 Lake Street is a 4-bed, 4-bath, 4,661 sqft single family home built in 2025.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Rize Realty

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/15/2025 07:16 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.