Rare confidential opportunity in a highly desirable Excelsior location. CONFIDENTIAL LISTING — PLEASE DO NOT DISTURB TENANTS. The existing house is livable, but the primary value is in the land. This property presents an excellent opportunity for a buyer looking to tear down the current structure and build a custom luxury home or estate.
The home is currently occupied by a long-term tenant paying reasonably fair rent under an annual lease agreement, providing interim income while future plans are made. Great potential for redevelopment in a sought-after area.
DO NOT DISTURB TENANTS. SHOWINGS OR PROPERTY ACCESS BY APPOINTMENT ONLY.
BUYERS & BUYERS AGENTS VERIFY ALL INFORMATION.
Active
$849,000
24860 Smithtown Rd, Shorewood, MN 55331
--beds
--baths
2.92Acres
Unimproved Land
Built in 1950
2.92 Acres Lot
$819,600 Zestimate®
$--/sqft
$-- HOA
What's special
- 1 day |
- 171 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: March 09, 2026 at 09:10am
Listed by:
Rustam Muharamov 612-444-3333,
Financially Free, LLC
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7033243
Facts & features
Interior
Features
- Has basement: No
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Lot
- Size: 2.92 Acres
- Topography: Other
Details
- Parcel number: 3311723240006
- Zoning description: Residential-Single Family
Utilities & green energy
- Utilities for property: Other Available, Other Connected
Community & HOA
Community
- Features: No
- Subdivision: Auditors Sub 133
HOA
- Has HOA: No
Location
- Region: Shorewood
Financial & listing details
- Tax assessed value: $678,900
- Annual tax amount: $7,799
- Date on market: 3/9/2026
- Inclusions: Other
Estimated market value
$819,600
$779,000 - $861,000
$2,392/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/9/2026 | Listed for sale | $849,000+99.8% |
Source: | ||
| 3/9/2022 | Sold | $425,000+18.1% |
Source: Public Record Report a problem | ||
| 1/21/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 1/18/2021 | Price change | $2,200-12% |
Source: Zillow Rental Manager Report a problem | ||
| 12/10/2020 | Listed for rent | $2,500 |
Source: Zillow Rental Manager Report a problem | ||
| 11/10/2020 | Sold | $360,000+63.4% |
Source: Public Record Report a problem | ||
| 4/1/2016 | Sold | $220,299-6.1% |
Source: | ||
| 1/28/2016 | Listed for sale | $234,700-5% |
Source: REALHome Services and Solutions #4613027 Report a problem | ||
| 11/26/2015 | Listing removed | $247,000 |
Source: REALHome Services and Solutions #4613027 Report a problem | ||
| 10/6/2015 | Price change | $247,000-5% |
Source: REALHome Services and Solutions #4613027 Report a problem | ||
| 9/9/2015 | Price change | $260,000-5% |
Source: REALHome Services and Solutions #4613027 Report a problem | ||
| 8/11/2015 | Price change | $273,600-5% |
Source: REALHome Services and Solutions #4613027 Report a problem | ||
| 7/16/2015 | Price change | $287,900-5% |
Source: REALHome Services and Solutions #4613027 Report a problem | ||
| 6/19/2015 | Listed for sale | $303,000-28.7% |
Source: REALHome Services and Solutions #4613027 Report a problem | ||
| 3/16/2015 | Listing removed | $425,000+2.8% |
Source: RE/MAX Preferred #4531524 Report a problem | ||
| 10/10/2014 | Sold | $413,616-2.7% |
Source: Public Record Report a problem | ||
| 9/27/2014 | Listed for sale | $425,000 |
Source: RE/MAX Preferred #4531524 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,799 +3.7% | $678,900 +5.9% |
| 2024 | $7,520 +15.3% | $641,100 -0.6% |
| 2023 | $6,523 +4.1% | $645,100 +14.6% |
| 2022 | $6,264 +15.2% | $563,000 +14.4% |
| 2021 | $5,436 -0.5% | $492,000 +16.3% |
| 2020 | $5,462 +0.5% | $423,000 +4.4% |
| 2019 | $5,436 -0.5% | $405,000 -1.5% |
| 2018 | $5,462 +3.6% | $411,000 +9.3% |
| 2017 | $5,273 +2.1% | $376,000 +1.1% |
| 2016 | $5,164 -8.4% | $372,000 +19.2% |
| 2015 | $5,637 +17.8% | $312,000 +14.3% |
| 2014 | $4,783 +18.4% | $273,000 +3% |
| 2013 | $4,038 +0.6% | $265,000 -5% |
| 2012 | $4,014 -20.7% | $279,000 -14.7% |
| 2011 | $5,064 -0.3% | $327,000 -8.4% |
| 2010 | $5,080 -2.1% | $357,000 -3.3% |
| 2009 | $5,190 +14.5% | $369,000 +17.5% |
| 2006 | $4,534 +8.8% | $314,100 +15% |
| 2005 | $4,167 +16.7% | $273,200 +24.1% |
| 2004 | $3,572 +13% | $220,200 +14.6% |
| 2002 | $3,162 -5.4% | $192,200 |
| 2001 | $3,343 | -- |
Find assessor info on the county website
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Neighborhood: 55331
Nearby schools
GreatSchools rating
- 9/10Minnewashta Elementary SchoolGrades: K-6Distance: 1 mi
- 8/10Minnetonka West Middle SchoolGrades: 6-8Distance: 1.3 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 4.2 mi





