511 2nd St, Unit 3

Excelsior, MN 55331

$2,275,000
Price
3
Beds
2,552 Sq. Ft.
$891 / Sq. Ft.
2,552
Sq. Ft.
$891
per Sq. Ft.
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Compass Coming Soon
Compass Coming Soon

Description

Welcome to Lake House #3, an exceptional luxury residence in the heart of Excelsior, just moments from the shores of Lake Minnetonka. Designed for effortless, turn-key living, this stunning condominium blends refined craftsmanship with elevated modern design. The home showcases impeccable finishes throughout, including wide-plank hardwood floors, custom cabinetry, and striking 9.5-foot coffered ceilings. The gourmet kitchen is a true centerpiece, featuring Thermador stainless steel appliances, a...Welcome to Lake House #3, an exceptional luxury residence in the heart of Excelsior, just moments from the shores of Lake Minnetonka. Designed for effortless, turn-key living, this stunning condominium blends refined craftsmanship with elevated modern design. The home showcases impeccable finishes throughout, including wide-plank hardwood floors, custom cabinetry, and striking 9.5-foot coffered ceilings. The gourmet kitchen is a true centerpiece, featuring Thermador stainless steel appliances, a quartz waterfall-edge island, and a walk-in pantry with custom organizational shelving. A stylish wet bar with a dual-zone beverage center enhances the home’s entertaining appeal. Seamless indoor-outdoor living is achieved with a dramatic 12-foot accordion door that opens to a lakeside three-season porch with a wood-paneled ceiling, gas fireplace, and breathtaking 180-degree views. The luxurious primary suite offers a spacious walk-in closet with in-unit laundry, along with a spa-like bath featuring heated floors, dual vanities, a soaking tub, and a separate walk-in shower. Each additional bedroom includes its own en-suite bath and custom closet system. Thoughtful conveniences continue with three heated garage stalls, EV charging capability, and ample storage. Enjoy unparalleled walkability to Excelsior’s vibrant dining, shopping, and year-round community events, along with nearby attractions like the Excelsior Commons and regional trails.

Listing Agents

  1. Beth Ulrich

    Beth Ulrich

    Listing Agent

    Compass

    P: (612)-964-7184

    CallText
  2. Mike Steadman

    Mike Steadman

    Alternative Listing Agent

    Compass

    P: (612)-296-0900

    CallText

Property Details for 511 2nd Street, Unit 3

Waterfront YN
No
Zoning Jurisdiction
Residential-Single Family
LISTING UPDATED: 06/03/2026 12:25 PM

Property Details for 511 2nd Street, Unit 3

StatusComing Soon
MLS #7038770
Days on Compass-
Pet Policy-
Taxes$28,041 / year
HOA Fees$1,869 / month
Condo/Co-op Fees-
Property TypeCondo
MLS TypeResidential / (CC) Low Rise (3- Levels)
Year Built2023
CountyHennepin County
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Location

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Building Information for 511 2nd Street, Unit 3

Building/Complex511 2nd StFloor-Stories-Residences-Pet Policy-Pet Policy Details-Year Built2023

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$15,542 per month

30 year fixed, 6.36% Interest

Principal and Interest

$11,337

Property Taxes

$2,337

HOA Dues

$1,869

The Payment Calculator is for illustrative purposes only.

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Property Information for 511 2nd Street, Unit 3

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
  • 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: $1,869.00
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Internet, Other, Parking, Sanitation, Shared Amenities
  • Association Name: Pending
  • Association Phone: 6122960900
  • Association: Yes
  • Parcel Number: 3511723220195
  • Tax Annual Amount: $28,041.46
  • Tax Legal Description: TBD
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2026
  • Tax With Assessments: 28041.46
School Information
  • High School District: 276 - Minnetonka
  • School District Number: 276
  • School District Phone: 9524015000
Property
Lot Information
  • Above Grade Fin SQFT: 2552.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 2552.0
  • Living Area Units: Square Feet
  • Lot Size Area: 0.194
  • Lot Size Dimensions: Common
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Attached: Yes
  • Property Sub Type: (CC) Low Rise (3- Levels)
  • Property Type: Residential
  • SQFT Main Total: 2552
  • Building Area Total: 2552.0
  • Above Grade SqFt Total: 2552
  • Below Grade SqFt Total: 0
Utilities
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: Accessible Elevator Installed
  • Association Amenities: Elevator(s), Lobby Entrance, Other
  • Exterior Features: Stone
  • Foundation Area: 2552.0
  • Foundation Details: Other
  • Fuel: Natural Gas
  • Road Frontage Type: Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
  • Road Responsibility: Public Maintained Road
  • Roof: Age 8 Years or Less
  • Patio Porch Type: Covered,Deck
Interior Features
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Stainless Steel Appliances, Wall Oven, Washer, Wine Cooler
  • Basement Type: None
  • Amenities Unit: Balcony,Deck,Hardwood Floors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Tile Floors,Wet Bar,Walk-In Closet
  • Bath Desc: Double Sink,Bathroom Ensuite,Full Primary,Private Primary,Main Floor 1/2 Bath,Main Floor 3/4 Bath,Main Floor Full Bath,Separate Tub & Shower,Walk-In Shower Stall
  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 2
  • Bathrooms Total Count: 4
  • Bedrooms Total: 3
  • Fireplace Features: Gas, Living Room, Other
  • Fireplaces Total: 2
  • FireplaceYN: Yes
  • Cooling: Central Air
  • Dining Room Description: Eat In Kitchen,Living/Dining Room
  • Garage Dimensions: 0x0
  • Garage Square Feet: 0
  • Heating: Forced Air, Fireplace(s)
  • Laundry Features: Main Level, In Unit
  • Levels: One
  • Shared Rooms: Other
  • Room List: Deck, Dining Room, Bedroom, Kitchen, Living Room, Bedroom 2, Bedroom 3
  • Basement YN: No
Room Information
Room 1
  • Room Dimensions: 18x10
  • Room Level: Main
  • Room Type: Deck
Room 2
  • Room Dimensions: 5x44
  • Room Level: Main
  • Room Type: Deck
Room 3
  • Room Dimensions: 13x8
  • Room Level: Main
  • Room Type: Dining Room
Room 4
  • Room Dimensions: 18x15
  • Room Level: Main
  • Room Type: Bedroom
Room 5
  • Room Dimensions: 15x22
  • Room Level: Main
  • Room Type: Kitchen
Room 6
  • Room Dimensions: 24x13
  • Room Level: Main
  • Room Type: Living Room
Room 7
  • Room Dimensions: 18x11
  • Room Level: Main
  • Room Type: Bedroom 2
Room 8
  • Room Dimensions: 13x11
  • Room Level: Main
  • Room Type: Bedroom 3

Property History for 511 2nd Street, Unit 3

DateEvent & SourcePriceAppreciation
Sep 5, 2025

Off Market

NorthStar #6679768

—
Jul 11, 2025

Off Market

NorthStar #6679768

—
May 21, 2025

Price Change

NorthStar #6679768

$2,175,000—
DateEvent & SourcePrice
09/05/2025

Off Market

NorthStar #6679768

—
07/11/2025

Off Market

NorthStar #6679768

—
05/21/2025

Price Change

NorthStar #6679768

$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 3

Taxable ValueLand$1,000,000Additions$1,409,000Total$2,409,000
Tax Record2026$28,041 ($2,337 / month)
Home Facts
Beds3Total Finished SqFt2,517 SqFtAbove Grade Finished SqFt2,517 SqFtStories1StyleCondominiumYear Built2022CountyHENNEPINAPN35-117-23-22-0195

Schools near 511 2nd Street, Unit 3

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
Shorewood Education Center
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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More information about 511 2nd Street, Unit 3, Excelsior, MN 55331

511 2nd Street, Unit 3 is a condo Coming Soon in Excelsior, MN 55331. This property is currently priced at $2,275,000. 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. 511 2nd Street, Unit 3 is a 3-bed, 4-bath, 2,552 sqft condo built in 2023.

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.

Based on information submitted to the MLS GRID as of 06/03/2026 12:25 PM. 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.