$8,000,000
Excelsior, MN 55331
MLS# 7042631
5 beds | 5 baths | 5900 sqft
1 / 17
Property Description
The price for the lot is $4,995,000. The photos of the home are AI-generated renderings to provide a sense of what could be built on this property. The total package price starts at $8M. This is a premier Lake Minnetonka build site with 199’ of northwest-facing, A-rated, flat, rip-rapped shoreline. Free from builder restrictions, this exceptional property offers the flexibility to bring your own architect and builder to design a custom home tailored to your vision. A rare opportunity for luxurious living on Lake Minnetonka, this stunning .63 acre property has been perfectly graded and features a manicured lawn with panoramic views in an idyllic, peaceful setting. Nestled on the end of a quiet street with a neighborhood park and walking trail, you will enjoy easy access to the LRT Trail, which stretches over 15 miles and offers scenic views of Lake Minnetonka along the way. Just a 1-mile walk from the charming Village of Excelsior, enjoy all the boutiques, chef-driven restaurants, Library, Brewery and the upscale Kowalski’s grocery store. The beauty of the Commons, nestled alongside Lake Minnetonka, is home to Concerts in the Park throughout the summer. Excelsior is host to year-round community events including the 4th of July Celebration and Fireworks, Art Fairs, Apple Days, Klondike Dog Derby and numerous fun runs all year long. This is an incredible opportunity to build your dream home in an unbeatable location in the demand Minnetonka School District. This property is shown by appointment only – please no site visits without having an approved showing. Please note the dock will stay with the property however, the boathouse, boat lift, and kayak lift do not convey.
Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Contingency: None
Current Price: $8,000,000
Original List Price: 8000000
ListPrice: 8000000
List Date: 2026-03-26
Office/Member Info
Association: MAAR
General Property Information
Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 2
Road Btwn WF & Home?: No
Waterfront Frontage: 199
Waterfront Present: Yes
Year Built: 2026
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Lot Dimensions: 199.5L x 152 x 167 x 152
Acres: 0.63
Bath Three Quarters: 2
Bath Half: 1
Lake/Waterfront Name: Minnetonka
Bath Quarter: 0
Main Floor Total SqFt: 2100
Above Grd Total SqFt: 3800
Below Grd Total SqFt: 2100
Total Finished Sqft: 3800.00
FireplaceYN: Yes
Foundation Size: 2100
Style: (SF) Single Family
Garage Stalls: 3
Power Company: Xcel Energy
Association Fee: 0
Bedrooms: 5
Baths Total: 5
Bath Full: 2
Total SqFt: 5900
Location, Tax and Other Information
AssocFeeYN: No
Legal Description: MEADEVILLE PARK LOTS 1 2 AND 3 MEADEVILLE PARK INCL ADJ VAC STREET ALSO THAT PART OF LOT 1 COVINGTON, IN THE TOWN OF EXCELSIOR DESC AS FOL BEG AT PT OF INTERSECTION OF W LINE OF SAID LOT 1 COVINGTON WITH THE NELY EXTENSION OF SLY LINE OF SAID LOT 1 M EADEVILLE PARK TH NELY ALONG SAID EXTENSION DIS 49.80 FT TH DEFL LEFT 74 DEG 24 MIN 50 SEC AND RUNNING NWLY TO SHORE OF LAKE MTKA TH SWLY ALONG SAID SHORE TO ITS INTERSECTION WITH W LINE OF SAID LOT 1 COVINGTON AND ITS EXTENSIONS TH S ALONG SAID W L I NE TO BEG
Listing City: Excelsior
Map Page: 117
Municipality: Excelsior
School District: Minnetonka
School District Phone: 952-401-5000
DNR Lake ID#: 27013300
DNR Lake Classification: General Development
Zip Plus 4: 397
Property ID Number: 2611723240033
Tax Year: 2026
Tax Amount: 46861
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: The price for the lot is $4,995,000. The photos of the home are AI-generated renderings to provide a sense of what could be built on this property. The total package price starts at $8M. This is a premier Lake Minnetonka build site with 199’ of northwest-facing, A-rated, flat, rip-rapped shoreline. Free from builder restrictions, this exceptional property offers the flexibility to bring your own architect and builder to design a custom home tailored to your vision. A rare opportunity for luxurious living on Lake Minnetonka, this stunning .63 acre property has been perfectly graded and features a manicured lawn with panoramic views in an idyllic, peaceful setting. Nestled on the end of a quiet street with a neighborhood park and walking trail, you will enjoy easy access to the LRT Trail, which stretches over 15 miles and offers scenic views of Lake Minnetonka along the way. Just a 1-mile walk from the charming Village of Excelsior, enjoy all the boutiques, chef-driven restaurants, Library, Brewery and the upscale Kowalski’s grocery store. The beauty of the Commons, nestled alongside Lake Minnetonka, is home to Concerts in the Park throughout the summer. Excelsior is host to year-round community events including the 4th of July Celebration and Fireworks, Art Fairs, Apple Days, Klondike Dog Derby and numerous fun runs all year long. This is an incredible opportunity to build your dream home in an unbeatable location in the demand Minnetonka School District. This property is shown by appointment only – please no site visits without having an approved showing. Please note the dock will stay with the property however, the boathouse, boat lift, and kayak lift do not convey.
Directions: Minnetonka Blvd to Meadville Street to the lot
Accessible
None: 1
Air Conditioning
Central Air: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 46861
Basement
Egress Windows: 1
Full: 1
Building Information
Finished SqFt Above Ground: 3800
Construction Status
To Be Built/Floor Plan: 1
Elevation Highpoint to Waterfront Feet
Elevation Highpoint Waterfront Feet: 0-4
Elevation Highpoint to Waterfront Slope
Gradual: 1
Existing Financing
Free and Clear: 1
Exterior
Brick/Stone: 1
Cement Board: 1
Foundation
8 ft+ Pour: 1
Fuel
Electric: 1
Natural Gas: 1
Heating
Forced Air: 1
Insurance Fee
Insurance Fee: 0
Lake Details
Hard: 1
Lake Acres: 14205
Lake Depth: 113
Sand: 1
Lake/Waterfront
Lake Front: 1
Lease Details
Land Leased: Not Applicable
Lot Description
Accessible Shoreline: 1
Irregular Lot: 1
Tree Coverage - Medium: 1
Underground Utilities: 1
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 740
Public Survey Info
Range#: 23
Section#: 26
Township#: 117
Road Frontage
City Street: 1
No Outlet/Dead End: 1
Paved Streets: 1
Road Responsibility
Public Maintained Road: 1
Sellers Terms
Adj. Rate/Gr Payment: 1
Cash: 1
Conventional: 1
Sewer
City Sewer/Connected: 1
Stories
Two: 1
Water
Well: 1
Waterfront View
Lake: 1
Panoramic: 1
North: 1
West: 1
Location Tax and Other Information
House Number: 4900
Street Name: Meadville
Street Suffix: Street
Postal City: Excelsior
County: Hennepin
State: MN
Zip Code: 55331
Property Features
Accessible: None
Air Conditioning: Central Air
Basement: Egress Windows; Full
Construction Status: To Be Built/Floor Plan
Elevation Highpoint to Waterfront Slope: Gradual
Existing Financing: Free and Clear
Exterior: Brick/Stone; Cement Board
Foundation: 8 ft+ Pour
Fuel: Electric; Natural Gas
Heating: Forced Air
Lake Details: Hard; Sand
Lot Description: Accessible Shoreline; Irregular Lot; Tree Coverage - Medium; Underground Utilities
Road Frontage: City Street; No Outlet/Dead End; Paved Streets
Road Responsibility: Public Maintained Road
Sellers Terms: Adj. Rate/Gr Payment; Cash; Conventional
Sewer: City Sewer/Connected
Stories: Two
Water: Well
Waterfront View: Lake; Panoramic; North; West
Listing Office: Coldwell Banker Realty
Last Updated: April - 02 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.