516 Grace St

Excelsior, MN 55331

$850,000
Price
4
Beds
2,574 Sq. Ft.
$330 / Sq. Ft.
2,574
Sq. Ft.
$330
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Pending
Pending

Description

Main floor living in Excelsior with private water views! Fully remodeled to the studs in 2020/2021 and re-crafted with a nod to its midcentury heritage while adding all the necessary spaces and amenities for today's living. Open Kitchen with large island and a built in bistro bench offers fabulous views of the lake and graciously welcomes the the sunlight thru its large lakeside windows. 2 bedrooms & 2 bathrooms on main including a true primary suite boasting; dual sinks, large shower, walk in closet...Main floor living in Excelsior with private water views! Fully remodeled to the studs in 2020/2021 and re-crafted with a nod to its midcentury heritage while adding all the necessary spaces and amenities for today's living. Open Kitchen with large island and a built in bistro bench offers fabulous views of the lake and graciously welcomes the the sunlight thru its large lakeside windows. 2 bedrooms & 2 bathrooms on main including a true primary suite boasting; dual sinks, large shower, walk in closet and a screen porch. A 2nd large bedroom on main offers flexible space for lakeside bedroom/office/den with a 2nd full bath & laundry rounding out the main level. In the full walk out lower level you'll find 2 bedrooms and refreshed 3/4 bath giving room for guests who will all want to visit your new home in Excelsior - as well as a family room and a flex/exercise room! New deck and circle concrete driveway as well as all new windows, roof, gutters, siding & landscaping make this a truly turn key offering all an easy walk into the Village and all it has to offer. The perfect size with thoughtful layout and touches - this home punches above it's weight with spaces, finishes and location.
  1. Listed by Coldwell Banker Realty

Property Details for 516 Grace Street

Subdivision Name
Zims Add
View
South, West
Waterfront Features
Lake Front, Lake View
Zoning Jurisdiction
Residential-Single Family
LISTING UPDATED: 03/09/2026 08:47 AM

Property Details for 516 Grace Street

StatusPending
MLS #7021243
Days on Compass4
Taxes$7,073 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1957
Lot Size0.36 AC / 15,681 SF
CountyHennepin County
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Location

Listing Courtesy of Coldwell Banker Realty
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Building Information for 516 Grace Street

Stories-Year Built1957Building Size-Lot Size0.36 AC / 15,681 SF

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$4,870 per month

30 year fixed, 6.46% Interest

Principal and Interest

$4,280

Property Taxes

$589

HOA Dues

$0

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Property Information for 516 Grace Street

Summary
Location and General Information
  • City Name: Excelsior
  • County Or Parish: Hennepin
  • County: Hennepin-MN
  • Directions: Mill Street south out of Excelsior, right on Grace Street.
  • Latitude: 44.897684
  • Longitude: -93.561958
  • Nbr of Acres: 45
  • Lake Bottom: Weeds
  • 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
  • Waterfront Descrip: 10-15
Taxes and HOA Information
  • Additional Parcels: No
  • Association Fee: $.00
  • Association: No
  • Parcel Number: 3511723320027
  • Tax Annual Amount: $7,073.00
  • Tax Legal Description: LOT 004 ZIMS ADDN
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2025
  • Tax With Assessments: 7329
School Information
  • High School District: 1246 - Minnetonka
  • School District Number: 1246
  • School District Phone: 9524015000
Property
Lot Information
  • Above Grade Fin SQFT: 1422.0
  • Below Grade Fin SQFT: 1152.0
  • SQFT Total: 2574.0
  • Living Area Units: Square Feet
  • Lot Features: Tree Coverage - Medium
  • Lot Size Area: 0.36
  • Lot Size Dimensions: 81 x 201
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • SQFT Main Total: 1540
  • Building Area Total: 2742.0
  • Above Grade SqFt Total: 1540
  • Below Grade SqFt Total: 1202
Utilities
  • Electric: 200+ Amp Service
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 1202.0
  • Fuel: Natural Gas
  • Road Frontage Type: City Street, Cul De Sac, No Outlet/Dead End, Paved Streets
  • Road Responsibility: Public Maintained Road
  • Roof: Age 8 Years or Less, Asphalt
  • Patio Porch Type: Composite Decking,Deck,Patio,Rear Porch,Screened
Interior Features
  • Appliances: Dishwasher, Disposal, Dryer, ENERGY STAR Qualified Appliances, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Basement Type: Block, Egress Window(s), Full, Walkout
  • Amenities Unit: Ceiling Fan(s),Exercise Room,Hardwood Floors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Natural Woodwork,Patio,Porch,In-Ground Sprinkler,Tile Floors,Washer/Dryer Hookup,Wet Bar,Walk-In Closet
  • Bath Desc: 3/4 Basement,3/4 Primary,Double Sink,Private Primary,Main Floor 3/4 Bath,Main Floor Full Bath,Walk-In Shower Stall
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 2
  • Bathrooms Total Count: 3
  • Bedrooms Total: 4
  • Fireplaces Total: 0
  • FireplaceYN: No
  • Cooling: Central Air
  • Dining Room Description: Breakfast Bar,Breakfast Area
  • Garage Dimensions: 20 x 11
  • Garage Door Height: 7
  • Garage Door Width: 10
  • Garage Square Feet: 286
  • Heating: Forced Air, In-Floor Heating
  • Laundry Features: In Hall, Laundry Closet, Lower Level, Main Level, Washer Hookup
  • Levels: One
  • Room List: Family Room, Bedroom, Flex Room, Bedroom 4, Kitchen, Living Room, Primary Bathroom, Screened Porch, Bedroom 2, Bedroom 3
  • Basement YN: Yes
Room Information
Room 1
  • Room Dimensions: 24x13
  • Room Level: Lower
  • Room Type: Family Room
Room 2
  • Room Dimensions: 19 x 14
  • Room Level: Main
  • Room Type: Bedroom
Room 3
  • Room Dimensions: 14 x 11
  • Room Level: Lower
  • Room Type: Flex Room
Room 4
  • Room Dimensions: 11 x 9
  • Room Level: Lower
  • Room Type: Bedroom 4
Room 5
  • Room Dimensions: 17 x 12
  • Room Level: Main
  • Room Type: Kitchen
Room 6
  • Room Dimensions: 21 x 12
  • Room Level: Main
  • Room Type: Living Room
Room 7
  • Room Dimensions: 13 x 12
  • Room Level: Main
  • Room Type: Primary Bathroom
Room 8
  • Room Dimensions: 14 x 8
  • Room Level: Main
  • Room Type: Screened Porch
Room 9
  • Room Dimensions: 15 x 13
  • Room Level: Main
  • Room Type: Bedroom 2
Room 10
  • Room Dimensions: 13 x 11
  • Room Level: Lower
  • Room Type: Bedroom 3

Property History for 516 Grace Street

DateEvent & SourcePriceAppreciation
Mar 9, 2026

Pending

NorthStar #7021243

—
Mar 5, 2026

Listed (Active)

NorthStar #7021243

—
Apr 3, 2020

Sold

NorthStar #5334816

$380,000—
Apr 2, 2020

Sold (Public Record)

Public Record #666564121

$380,000—
Mar 5, 2020

Pending

NorthStar #5334816

—
Feb 26, 2020

Listed (Active)

NorthStar #5334816

$375,000—
May 29, 2012

Off Market

Lake Superior Area REALTORS #1734510

$385,000—
Feb 29, 2012

Listed (Active)

Lake Superior Area REALTORS #1734510

$385,000—
DateEvent & SourcePrice
03/09/2026

Pending

NorthStar #7021243

—
03/05/2026

Listed (Active)

NorthStar #7021243

—
04/03/2020

Sold

NorthStar #5334816

$380,000
04/02/2020

Sold (Public Record)

Public Record #666564121

$380,000
03/05/2020

Pending

NorthStar #5334816

—
02/26/2020

Listed (Active)

NorthStar #5334816

$375,000
05/29/2012

Off Market

Lake Superior Area REALTORS #1734510

$385,000
02/29/2012

Listed (Active)

Lake Superior Area REALTORS #1734510

$385,000

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

Public Records for 516 Grace Street

Taxable ValueLand$221,700Additions$355,700Total$577,400
Tax Record2025$7,329 ($611 / month)
Home Facts
Beds3Baths1.8Total Finished SqFt1,316 SqFtAbove Grade Finished SqFt1,316 SqFtUnfinished Basement SqFt804 SqFtStories1Lot Size15,682 SqFtStyleSingle Family ResidenceYear Built1957Year Renovated2006CountyHENNEPINAPN35-117-23-32-0027Fireplace TypeHas Fireplace

Schools near 516 Grace 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 K-5
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 Coldwell Banker Realty

Based on information submitted to the MLS GRID as of 03/09/2026 08:47 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.