Sold
Last Sold Price
4 beds2,574 sqft
516 Grace St, Excelsior, MN 55331
Single FamilyProperty Type
0.36 acresLot Size
1957Year Built
$355/sq ftPrice per sq ft
1 carParking Spaces

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.

Listing Agent

  1. Lori P Schneck

    Lori P Schneck

    Listing Agent

    Coldwell Banker Realty

    P: (952) 474-2525

    M: (612) 868-4230

Listing closed: 04/20/2026 12:00 AM • Source: NorthStar, MLS#: 7021243

Location

Sold By RE/MAX Advantage Plus

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Principal and Interest

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Property Taxes

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Property Information for 516 Grace Street

Property Details
  • Taxes: $7,073 / year
  • MLS Type: Residential / Single Family
  • Subdivision Name: Zims Add
  • View: South, West
  • Waterfront Features: Lake Front, Lake View
  • Waterfront YN: Yes
  • Zoning Jurisdiction: Residential-Single Family
Building Information
  • Year Built: 1957
  • Lot Size: 0.36 AC / 15,681 SF
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
  • 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
  • Exterior Features: Cement Board
  • Foundation Area: 1202.0
  • Foundation Details: Block
  • 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
Apr 20, 2026

Sold

NorthStar #7021243

$915,000—
Apr 14, 2026

Sold (Public Record)

Public Record #1938328771

$915,000—
Apr 14, 2026

Sold (Public Record)

Public Record #1936823807

$915,000

+15.7% / yr

DateEvent & SourcePrice
04/20/2026

Sold

NorthStar #7021243

$915,000
04/14/2026

Sold (Public Record)

Public Record #1938328771

$915,000
04/14/2026

Sold (Public Record)

Public Record #1936823807

$915,000

+15.7% / yr

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

Public Records for 516 Grace Street

Taxable ValueLand$237,500Additions$366,300Total$603,800
Tax Record2025$7,895 ($658 / month)
Home Facts
Beds3Baths2.5Total Finished SqFt1,388 SqFtAbove Grade Finished SqFt1,388 SqFtStories1Lot Size15,682 SqFtStyleSingle Family ResidenceYear Built1957Year Renovated2006CountyHENNEPINAPN35-117-23-32-0027

Schools near 516 Grace Street

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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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. 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.

Based on information submitted to the MLS GRID as of 04/21/2026 10:52 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.