Sold
Last Sold Price
2 beds1,968 sqft$991/sqft
511 2nd St, Unit 2, Excelsior, MN 55331
CondoProperty Type
2023Year Built
$991/sq ftPrice per sq ft
$1,479/moHOA Fees
3 carsParking Spaces

Description

Located in the heart of charming downtown Excelsior, Lake House Condominiums offers the epitome of luxury turn-key condo living. Impressive high-end finishes, fixtures, and craftsmanship throughout. Highlights include beautiful wide-plank hardwood floors, Thermador SS appliances, large center island with waterfall edge, custom cabinetry, custom closet systems, en-suite bedrooms, and designer bath and lighting fixtures. Ideal entertaining spots inside by the wet bar or pass through the 12' accordion...Located in the heart of charming downtown Excelsior, Lake House Condominiums offers the epitome of luxury turn-key condo living. Impressive high-end finishes, fixtures, and craftsmanship throughout. Highlights include beautiful wide-plank hardwood floors, Thermador SS appliances, large center island with waterfall edge, custom cabinetry, custom closet systems, en-suite bedrooms, and designer bath and lighting fixtures. Ideal entertaining spots inside by the wet bar or pass through the 12' accordion doors to the covered balcony with gas fireplace. Enjoy lake views and the ease of walking to all the exciting restaurants, shopping and community events in Excelsior.

Listing Agents

  1. Beth Ulrich

    Beth Ulrich

    Listing Agent

    Compass

    P: (612) 964-7184

    M: (612) 964-7184

  2. Mike Steadman

    Mike Steadman

    Alternative Listing Agent

    P: (612) 296-0900

    M: (612) 296-0900

Listing closed: 08/02/2024 12:00 AM • Source: NorthStar, MLS#: 6488955

Recent comparable sales

Median sold price

$1,084,895

Avg days on market

30

Sale-to-list ratio

93.7%

Excelsior, MN

9 comparable properties found

$1,775,000 | 511 2nd Street, Unit 4, Excelsior, MN 55331
1/27
1

$1,775,000

Sold 12/27/24

2
Bedrooms
1,968
Square Feet
Unavailable
Acres
$1,570,000 | 21957 Minnetonka Boulevard, Unit 16, Excelsior, MN 55331
1/30
2

$1,570,000

Sold 07/31/25

2
Bedrooms
2,048
Square Feet
Unavailable
Acres
$1,275,000 | 603 Lake Street, Unit 307, Excelsior, MN 55331
3

$1,275,000

Sold 05/04/26

2
Bedrooms
2,036
Square Feet
Unavailable
Acres
$1,084,895 | 205 Mill Street, Unit S301, Excelsior, MN 55331
1/40
4

$1,084,895

Sold 09/12/25

2
Bedrooms
1,862
Square Feet
Unavailable
Acres
$849,000 | 203 Mill Street, Unit N102, Excelsior, MN 55331
1/21
5

$849,000

Sold 07/01/25

2
Bedrooms
1,784
Square Feet
Unavailable
Acres
$975,000 | 603 Lake Street, Unit 215, Excelsior, MN 55331
6

$975,000

Sold 08/14/26

2
Bedrooms
1,669
Square Feet
Unavailable
Acres
$841,000 | 452 3rd Street, Excelsior, MN 55331
1/2
7

$841,000

Sold 12/04/25

2
Bedrooms
2,076
Square Feet
0.03
Acres
$796,500 | 448 3rd Street, Excelsior, MN 55331
1/25
8

$796,500

Sold 08/15/25

2
Bedrooms
1,858
Square Feet
0.02
Acres
$1,975,000 | 21957 Minnetonka Boulevard, Unit 15, Excelsior, MN 55331
1/10
9

$1,975,000

Sold 01/28/26

3
Bedrooms
2,806
Square Feet
Unavailable
Acres

Location

Sold By Walleye Brokerage, LLC

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$13,586 per month

30 year fixed, 6.55% Interest

Principal and Interest

$9,912

Property Taxes

$2,195

HOA Dues

$1,479

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Property Information for 511 2nd Street, Unit 2

Property Details
  • Pet Policy: Allowed
  • MLS Type: Residential / Low Rise
  • Subdivision Name: 500 Lake Add
  • Zoning Jurisdiction: Residential-Single Family
Building Information
  • Building/Complex: 511 2nd St
  • Pet Policy: Allowed
  • Pet Policy Details: Mandatory Owners Assoc
  • Year Built: 2023
Summary
Location and General Information
  • City Name: Excelsior
  • County Or Parish: Hennepin
  • County: Hennepin-MN
  • Directions: Hwy 7 west, exit to downtown Excelsior
  • Latitude: 44.902756
  • Longitude: -93.563926
  • 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
Taxes and HOA Information
  • Additional Parcels: No
  • Association Fee: $1,479.00
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Internet, Other, Trash, Water
  • Association Name: Pending
  • Association Phone: 612-296-0900
  • Association: Yes
  • Parcel Number: TBD
  • Tax Annual Amount: $.00
  • Tax Legal Description: TBD
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2023
  • Tax With Assessments: 0.0000
School Information
  • High School District: 276 - Minnetonka
  • School District Number: 276
  • School District Phone: 952-401-5000
Property
Lot Information
  • Above Grade Fin SQFT: 1968.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 1968.0
  • Lot Size Area: 0.19
  • Lot Size Dimensions: Common
  • Lot Size Square Feet: 8276.4
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Attached: Yes
  • Property Sub Type: Low Rise
  • Property Type: Residential
  • SQFT Main Total: 1968.0000
  • Building Area Total: 1968.0
  • Above Grade SqFt Total: 1968.0000
  • Below Grade SqFt Total: 0.0000
Property and Assessments
  • Age Of Property: 2
Utilities
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: Accessible Elevator Installed
  • Foundation Area: 1968.0
  • Fuel: Natural Gas
  • Patio Porch Type: Covered
Interior Features
  • Appliances: Cooktop, Dishwasher, Disposal, Exhaust Fan, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer, Wine Cooler
  • Basement Type: None
  • Amenities Unit: Balcony,Hardwood Floors,Kitchen Center Island,Primary Bedroom Walk-In Closet,Wet Bar
  • Bath Desc: Double Sink,Bathroom Ensuite,Full Primary,Private Primary,Main Floor 1/2 Bath,Main Floor 3/4 Bath,Separate Tub & Shower
  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 1
  • Bathrooms Total Count: 3
  • Bedrooms Total: 2
  • Fireplace Features: Gas, Living Room
  • Fireplaces Total: 1
  • FireplaceYN: Yes
  • Cooling: Central Air
  • Dining Room Description: Living/Dining Room
  • Heating: Forced Air
  • Levels: One
  • Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Den, Porch
  • Room List: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Den, Porch
  • Basement YN: No
Room Information
Room 1
  • Room Dimensions: 23x15
  • Room Level: Main
  • Room Type: Living Room
Room 2
  • Room Dimensions: 23x11
  • Room Level: Main
  • Room Type: Dining Room
Room 3
  • Room Dimensions: 14x18
  • Room Level: Main
  • Room Type: Kitchen
Room 4
  • Room Dimensions: 13x15
  • Room Level: Main
  • Room Type: Bedroom 1
Room 5
  • Room Dimensions: 10x11
  • Room Level: Main
  • Room Type: Bedroom 2
Room 6
  • Room Dimensions: 14x8
  • Room Level: Main
  • Room Type: Den
Room 7
  • Room Dimensions: 10x20
  • Room Level: Main
  • Room Type: Porch

Property History for 511 2nd Street, Unit 2

DateEvent & SourcePriceAppreciation
Aug 2, 2024

Sold

NorthStar #6488955

$1,950,000
Jun 28, 2024

Pending

NorthStar #6488955

Mar 5, 2024

Listed (Active)

NorthStar #6488955

$2,175,000
DateEvent & SourcePrice
08/02/2024

Sold

NorthStar #6488955

$1,950,000
06/28/2024

Pending

NorthStar #6488955

03/05/2024

Listed (Active)

NorthStar #6488955

$2,175,000

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

Public Records for 511 2nd Street, Unit 2

Taxable ValueLand$850,000Additions$1,033,700Total$1,883,700
Tax Record2025$26,342 ($2,195 / month)
Home Facts
Beds2Baths2.2Total Finished SqFt1,968 SqFtAbove Grade Finished SqFt1,968 SqFtStories1StyleCondominiumYear Built2022Year Renovated2022CountyHENNEPINAPN35-117-23-22-0194

Schools near 511 2nd Street, Unit 2

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 - 12
Rating
School
Distance
Excelsior Elementary School
PublicK to 5

Minnetonka West Middle School
Public6 to 8

Minnetonka Senior High School
Public9 to 12

Shorewood Education Center
Public12

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 511 2nd Street, Unit 2, Excelsior, MN 55331
$1,950,000
2
1,968
$675,000
8,276
$2,465,060
3
3
2,517
$1,775,000
2
1,968
$400,000
15,246

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Based on information submitted to the MLS GRID as of 08/03/2025 12:24 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.