511 2nd Street # 3 Excelsior, MN $ 2,150,000
511 2nd Street # 3
$ 2,150,000
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511 2nd Street # 3

Excelsior, MN, 55331
$ 2,150,000
Bedrooms3 Baths3.1 Sq 2,552

Monthly Estimate*

$ 14,850

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Single Family Home for sale in Excelsior, MN

for $2,150,000 with 3 bedrooms and 3 full baths, 1 half bath. This 2,552 square foot home was built in 2023 on a lot size of 0.194.

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.

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Single Family Active

Price

$ 2,150,000

Bedrooms

3

Full Bath

3

Half Bath

1

Property Type

Single Family

Taxes

$ 28,041

Style

(CC) Low Rise (3- Levels)

Lot Size

0.194

Year Built

2023

Town/City

Excelsior

County/Region

Hennepin

MLS | Web ID

7038770

Features
General
Living Area 2552
Sewer City Sewer/Connected
Heating Forced Air Fireplace(s)
Cooling Central Air
Roof Age 8 Years or Less
Appliances Cooktop Dishwasher Disposal Dryer Exhaust Fan Microwave Stainless Steel Appliances Wall Oven Washer Wine Cooler
HOA Fee 1869
Garage Spaces 3
Association Fee Includes Internet Other Parking Sanitation Shared Amenities
Year Built 2023
Levels One
Unit Number 3
Property Subtype (CC) Low Rise (3- Levels)
Tax Year 2026
Accessibility Accessible Elevator Installed
Assoc Fee Paid Per Monthly
County Hennepin
New Construction N
Property Type Residential
Association Amenities Elevator(s) Lobby Entrance Other
HOA Y
Contingency None
Full Baths 1
Directions Hwy 7 west exit to downtown Excelsior.
City Excelsior
Association Name Pending
High School District Minnetonka
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N Y
Land Lease Y/N N
Tax Annual Amount 28041.46
Additional Parcels Y/N N
Virtual Tour https://tours.spacecrafting.com/n-rch4g2
Standard Status Active
Lender Owned No
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
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Interior
Basement None
Total Fireplaces 2
Fireplace Features Gas Living Room Other
Basement (Y/N) N
Fireplace Y/N Y
Above Grade Finished Area 2552
Half Baths 1
1/4 Baths 0
3/4 Baths 2
Laundry Features Main Level In Unit
Total Bedrooms 3
Below Grade Finished Area 0
Total Baths 4
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
Dining Room Description Eat In Kitchen Living/Dining Room
Fuel Natural Gas
Garage Square Feet 0
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Exterior
Parking Features Garage Door Opener Guest Parking Heated Garage Parking Garage Secured Shared Garage/Stall Storage Tuckunder Garage
Water Source City Water/Connected
Lot Size Area 0.194
Building Area Total 2552
Lot Dimensions Common
Waterfront Y/N N
Foundation Area 2552
Road Frontage Type Curbs Paved Streets Sidewalks Street Lights Storm Sewer
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 511
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* Excluded Features
List By
Compass

Broker

beth.ulrich@compass.com

Email

Affordability Calculator

$17,186
Per Month
86%
14%
0%
Monthly Principal & Interest
$14,850
Monthly Property Taxes
$2,337
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708531 Elementary School
708355 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/27/2026$2,150,000 -5.49% Price Down
6/3/2026$2,275,000 Listed Price

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511 2nd Street # 3, Excelsior, MN, 55331 is a Single Family Home for sale at $2,150,000 with 2,552 sqft and a lot size of 0.194. 511 2nd Street # 3 has 3 bedrooms, 3.1 baths, and was built in 2023. The property's zip code is 55331 which is in Excelsior, MN