401 Highway 7

3,178 Sq. Ft.
$134 / Sq. Ft.
3,178
Sq. Ft.
$134
per Sq. Ft.

Description

Experience Lake Minnetonka living in this spacious 5-bedroom Excelsior home, just steps from access to Lake Galpin. With over 3,100 finished square feet, this move-in ready property offers exceptional space at a rare price point in this location. Major updates provide peace of mind, including furnace (2023), central air (2023), water heater (2023), kitchen appliances (2021–2022), washer and dryer (2020), and new upper-level carpet (2023). The open-concept main level is ideal for both everyday living...Experience Lake Minnetonka living in this spacious 5-bedroom Excelsior home, just steps from access to Lake Galpin. With over 3,100 finished square feet, this move-in ready property offers exceptional space at a rare price point in this location. Major updates provide peace of mind, including furnace (2023), central air (2023), water heater (2023), kitchen appliances (2021–2022), washer and dryer (2020), and new upper-level carpet (2023). The open-concept main level is ideal for both everyday living and entertaining, featuring hardwood floors and a cozy fireplace that add warmth and character. Outdoor living shines with a recently refinished lower deck and spacious patio — perfect for summer BBQs, gatherings, or relaxing evenings. Enjoy year-round recreation with nearby lake access, then stroll just five minutes to vibrant downtown Excelsior and Lake Minnetonka.
  1. Listed by Source One Realty, LLC
  2. Listed by Source One Realty, LLC

Property Details for 401 Highway 7

Subdivision Name
Auditors Sub 135
View
East, Lake, Panoramic, South
Waterfront Features
Lake View
Zoning Jurisdiction
Residential-Single Family
LISTING UPDATED: 03/13/2026 07:38 AM

Property Details for 401 Highway 7

StatusPending
MLS #7020660
Days on Compass28
Taxes$4,723 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1900
Lot Size0.32 AC / 13,939 SF
CountyHennepin County

Location

Listing Courtesy of Source One Realty, LLC
Add your commute

Building Information for 401 Highway 7

Stories-Year Built1900Building Size-Lot Size0.32 AC / 13,939 SF

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$2,534 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,140

Property Taxes

$394

HOA Dues

$0

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Property Information for 401 Highway 7

Summary
Location and General Information
  • City Name: Excelsior
  • County Or Parish: Hennepin
  • County: Hennepin-MN
  • Directions: Highway 7 West of Christmas Lake Road to home on South side of the road.
  • Latitude: 44.89887
  • Longitude: -93.564963
  • Nbr of Acres: 45
  • Lake Name: Recreational Development
  • PLAT: 0
  • Map Coordinate: 117-E3
  • City and Location: Excelsior
  • City and Location Text: Excelsior(MN)
  • Postal Code: 55331
  • State Or Province: MN
  • Public Survey Township: 117
  • Waterfront Property YN: No
  • Water Body Name: Galpin
  • Waterfront Footage: 27014400
Taxes and HOA Information
  • Additional Parcels: No
  • Association Fee: $.00
  • Association: No
  • Parcel Number: 3411723140033
  • Tax Annual Amount: $4,723.00
  • Tax Legal Description: LOT 309 AUDITOR'S SUBD. NO. 135
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2025
  • Tax With Assessments: 4723
School Information
  • High School District: 1246 - Minnetonka
  • School District Number: 1246
  • School District Phone: 9524015000
Property
Lot Information
  • Above Grade Fin SQFT: 2800.0
  • Below Grade Fin SQFT: 378.0
  • SQFT Total: 3178.0
  • Living Area Units: Square Feet
  • Lot Features: Corner Lot, Tree Coverage - Light
  • Lot Size Area: 0.32
  • Lot Size Dimensions: 92'x140'x108'x139'
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • SQFT Main Total: 1400
  • Building Area Total: 4200.0
  • Above Grade SqFt Total: 2800
  • Below Grade SqFt Total: 1400
Utilities
  • Electric: Circuit Breakers
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 1400.0
  • Fuel: Natural Gas
  • Road Frontage Type: Paved Streets, State Road, Highway
  • Roof: Age Over 8 Years, Asphalt
  • Patio Porch Type: Deck,Patio
Interior Features
  • Appliances: Central Vacuum, Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Basement Type: Block, Daylight/Lookout Windows, Drain Tiled, Egress Window(s), Full, Partially Finished, Sump Pump
  • Amenities Unit: Ceiling Fan(s),Deck,French Doors,Hardwood Floors,Kitchen Window,Natural Woodwork,Patio,Panoramic View,Tile Floors,Walk-Up Attic
  • Bath Desc: Main Floor 3/4 Bath,Upper Level Full Bath
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 1
  • Bathrooms Total Count: 2
  • Bedrooms Total: 5
  • Fireplace Features: Family Room
  • Fireplaces Total: 1
  • FireplaceYN: Yes
  • Cooling: Central Air
  • Dining Room Description: Separate/Formal Dining Room
  • DP Resource: Yes
  • Garage Square Feet: 0
  • Heating: Forced Air
  • Laundry Features: In Basement
  • Levels: Two
  • Basement YN: Yes

Property History for 401 Highway 7

DateEvent & SourcePriceAppreciation
Mar 13, 2026

Pending

NorthStar #7020660

Mar 7, 2026

In Contract

NorthStar #7020660

Feb 13, 2026

Price Change

NorthStar #7020660

$425,000
Feb 13, 2026

Listed (Active)

NorthStar #7020660

Aug 4, 2025

Off Market

NorthStar #6716566

Jul 31, 2025

In Contract

NorthStar #6716566

Jun 9, 2025

Price Change

NorthStar #6716566

$425,000
May 9, 2025

Price Change

NorthStar #6716566

$430,000
May 9, 2025

Listed (Active)

NorthStar #6716566

Jan 6, 2025

Off Market

NorthStar #6607830

Sep 25, 2024

Listed (Active)

NorthStar #6607830

$499,000
Sep 27, 2023

Sold (Public Record)

Public Record #1519236975

$406,000
Sep 27, 2023

Sold

NorthStar #6405129

$406,000
Aug 18, 2023

Pending

NorthStar #6405129

Aug 9, 2023

In Contract

NorthStar #6405129

Jul 20, 2023

Listed (Active)

NorthStar #6405129

$415,000
Jul 19, 2023

Off Market

NorthStar #6358692

Jul 12, 2023

In Contract

NorthStar #6358692

Jun 5, 2023

Listed (Active)

NorthStar #6358692

$479,900
Nov 18, 2022

Off Market

NorthStar #6260283

Sep 13, 2022

Off Market

NorthStar #6260283

Sep 13, 2022

Listed (Active)

NorthStar #6260283

$499,900
Sep 13, 2022

Off Market

NorthStar #6243566

Aug 2, 2022

Off Market

NorthStar #6186907

Aug 2, 2022

Listed (Active)

NorthStar #6243566

$689,900
Apr 28, 2022

Listed (Active)

NorthStar #6186907

$849,900
DateEvent & SourcePrice
03/13/2026

Pending

NorthStar #7020660

03/07/2026

In Contract

NorthStar #7020660

02/13/2026

Price Change

NorthStar #7020660

$425,000
02/13/2026

Listed (Active)

NorthStar #7020660

08/04/2025

Off Market

NorthStar #6716566

07/31/2025

In Contract

NorthStar #6716566

06/09/2025

Price Change

NorthStar #6716566

$425,000
05/09/2025

Price Change

NorthStar #6716566

$430,000
05/09/2025

Listed (Active)

NorthStar #6716566

01/06/2025

Off Market

NorthStar #6607830

09/25/2024

Listed (Active)

NorthStar #6607830

$499,000
09/27/2023

Sold (Public Record)

Public Record #1519236975

$406,000
09/27/2023

Sold

NorthStar #6405129

$406,000
08/18/2023

Pending

NorthStar #6405129

08/09/2023

In Contract

NorthStar #6405129

07/20/2023

Listed (Active)

NorthStar #6405129

$415,000
07/19/2023

Off Market

NorthStar #6358692

07/12/2023

In Contract

NorthStar #6358692

06/05/2023

Listed (Active)

NorthStar #6358692

$479,900
11/18/2022

Off Market

NorthStar #6260283

09/13/2022

Off Market

NorthStar #6260283

09/13/2022

Listed (Active)

NorthStar #6260283

$499,900
09/13/2022

Off Market

NorthStar #6243566

08/02/2022

Off Market

NorthStar #6186907

08/02/2022

Listed (Active)

NorthStar #6243566

$689,900
04/28/2022

Listed (Active)

NorthStar #6186907

$849,900

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

Public Records for 401 Highway 7

Taxable ValueLand$136,000Additions$259,400Total$395,400
Tax Record2025$4,723 ($394 / month)
Home Facts
Beds4Baths2.8Total Finished SqFt2,400 SqFtAbove Grade Finished SqFt2,400 SqFtStories2Lot Size13,939 SqFtStyleSingle Family ResidenceYear Built1900Year Renovated1983CountyHENNEPINAPN34-117-23-14-0033Fireplace TypeHas Fireplace

Schools near 401 Highway 7

This home is within Minnetonka Public School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
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 K-5
PublicK to 5

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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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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Source One Realty, LLC

Based on information submitted to the MLS GRID as of 03/13/2026 07:38 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.