254 Lake Street Excelsior, MN $ 4,195,000
254 Lake Street
$ 4,195,000
New Construction
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254 Lake Street

Excelsior, MN, 55331
$ 4,195,000
Bedrooms4 Baths3.1 Sq 4,661

Monthly Estimate*

$ 28,974

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Single Family Home for sale in Excelsior, MN

for $4,195,000 with 4 bedrooms and 3 full baths, 1 half bath. This 4,661 square foot home was built in 2024 on a lot size of 0.16.

Completed new construction! Breathtaking Peter Eskuche + Mikan collaboration offering the highest level of finish and stunning lake views throughout! Enjoy the unparalleled architectural details and open flowing floorplan offering walls of windows showcasing views overlooking Excelsior Bay. The main-level features light + bright spaces; gourmet kitchen with high-end appliances, coffee bar, prep area and walk-in pantry. Spacious family room with sliding glass doors that open to the large porch with phantom screens + electronic pergola, dipping pool/hot tub and unmatched water views, creating the perfect blend of indoor + outdoor living! The upper-level offers a loft with built-ins and beverage fridge; bonus room with fireplace + lake views; office area; two guest bedrooms and spacious primary suite with spa-like bathroom (heated floors)! Lower-level featuring unparalleled amenities including the large family room + game area; wet bar with beverage fridges; exercise room; sauna and golf simulator. Extra-deep 2-car garage (heated, sink, water spigot). Ideally located in the heart of Excelsior just steps to shops, restaurants and all the amenities downtown has to offer! Truly a must see!

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Single Family Pending

Price

$ 4,195,000

Bedrooms

4

Full Bath

3

Half Bath

1

Property Type

Single Family

Taxes

$ 14,117

Style

Single Family

Lot Size

0.16

Year Built

2024

Town/City

Excelsior

County/Region

Hennepin

MLS | Web ID

7097500

Features
General
Living Area 4661
Sewer City Sewer/Connected
Heating Forced Air In-Floor Heating
Cooling Central Air
Roof Age 8 Years or Less
Appliances Chandelier Dishwasher Dryer Exhaust Fan Humidifier Microwave Refrigerator Stainless Steel Appliances Wall Oven Washer
HOA Fee 0
Garage Spaces 2
Pool Features Below Ground Heated
Year Built 2024
Levels Two
Property Subtype Single Family
Tax Year 2026
Waterfront Features Lake View
Accessibility None
County Hennepin
New Construction Y
Property Type Residential
HOA N
Contingency None
Subdivision Name Seamans Sub Of Lts 7 & 8 Excelsior
Full Baths 1
Directions Water Street to left on Lake Street to home. Garage access is off alley behind the house!
City Excelsior
High School District Minnetonka
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 14117
Additional Parcels Y/N N
Standard Status Pending
Lender Owned No
Amenities Unit Exercise Room Hardwood Floors Hot Tub Kitchen Center Island Kitchen Window Primary Bedroom Walk-In Closet Panoramic View Sauna Tile Floors Vaulted Ceiling(s) Washer/Dryer Hookup Wet Bar Walk-In Close
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Interior
Basement Finished Full
Total Fireplaces 2
Fireplace Features Family Room
Basement (Y/N) Y
Fireplace Y/N Y
Above Grade Finished Area 2983
Half Baths 1
1/4 Baths 0
3/4 Baths 2
Laundry Features Upper Level
Total Bedrooms 4
Below Grade Finished Area 1678
Total Baths 4
Bath Desc Basement Full Primary Private Primary Main Floor 1/2 Bath Sauna Upper Level Full Bath
Dining Room Description Informal Dining Room
Fuel Natural Gas
Garage Square Feet 0
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Exterior
Parking Features Attached Garage Heated Garage Insulated Garage
Water Source City Water/Connected
Lot Size Area 0.16
Building Area Total 0
Lot Dimensions Irregular
Waterfront Y/N N
Foundation Area 1766
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Internal Only
Street Number 1 254
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* Excluded Features
List By
Coldwell Banker Realty

Broker

jdewing@cbburnet.com

Email

Affordability Calculator

$30,150
Per Month
96%
4%
0%
Monthly Principal & Interest
$28,974
Monthly Property Taxes
$1,176
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
7/22/2026$4,195,000 -6.67% Price Down
6/23/2026$4,495,000 Listed Price

Map


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254 Lake Street, Excelsior, MN, 55331 is a Single Family Home for sale at $4,195,000 with 4,661 sqft and a lot size of 0.16. 254 Lake Street has 4 bedrooms, 3.1 baths, and was built in 2024. The property's zip code is 55331 which is in Excelsior, MN