Discover unparalleled luxury living in this exceptional new construction single-family home spanning over 5,000 square feet on prestigious Lake Street, perfectly positioned directly across from the pristine waters of Lake Minnetonka in the heart of historic downtown Excelsior. This stunning fresh build represents the pinnacle of contemporary design and premium craftsmanship, offering an extraordinary lifestyle where lakefront elegance meets vibrant downtown energy just moments from Minnesota's most coveted lake. Wake up to breathtaking water views and endless recreational opportunities while being steps away from boutique shopping, acclaimed waterfront restaurants, the famous Excelsior Commons, and seasonal festivals that make this community so special. Excelsior seamlessly blends historic charm with modern sophistication, where you can stroll tree-lined streets to lakeside dining, catch live music at the bandshell, launch your boat just minutes away, or simply enjoy the tranquil beauty of lakeside living that puts water sports, fine dining, and the coveted Lake Minnetonka lifestyle right at your doorstep. With fresh contemporary design featuring premium finishes throughout, modern energy-efficient systems, move-in ready convenience, and builder warranty protection, this expansive home offers the perfect blend of luxury, location, and lifestyle in one of Minnesota's most desirable communities where every day feels like a vacation and easy Twin Cities access maintains that cherished small-town lake community feel that makes Excelsior truly extraordinary.
Active
Price cut: $401K (11/26)
$5,299,000
254 Lake St, Excelsior, MN 55331
4beds
5,922sqft
Est.:
Single Family Residence
Built in 2025
6,969.6 Square Feet Lot
$-- Zestimate®
$895/sqft
$-- HOA
What's special
Prestigious lake streetContemporary designBreathtaking water viewsPremium craftsmanshipModern energy-efficient systems
- 42 days |
- 3,055 |
- 122 |
Zillow last checked: 8 hours ago
Listing updated: December 01, 2025 at 09:32am
Listed by:
Mitchell Steven Jilek 952-686-8868,
Rize Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6789422
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Bathroom
- Description: Basement,Full Primary,Main Floor 1/2 Bath,Sauna,Steam Shower,Upper Level Full Bath
Dining room
- Description: Informal Dining Room
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Chandelier, Dishwasher, Double Oven, Dryer, Electronic Air Filter, Exhaust Fan, Freezer, Humidifier, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliance(s), Wall Oven, Washer
Features
- Basement: Block
- Number of fireplaces: 2
- Fireplace features: Family Room, Gas, Living Room
Interior area
- Total structure area: 5,922
- Total interior livable area: 5,922 sqft
- Finished area above ground: 2,983
- Finished area below ground: 1,678
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
- Details: Garage Dimensions (20x26)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Patio, Screened
- Has private pool: Yes
- Pool features: In Ground, Heated, Outdoor Pool
- Fencing: Wood
- Has view: Yes
- View description: Bay, East, Harbor, Panoramic, Lake
- Has water view: Yes
- Water view: Bay,Harbor,Lake
- Waterfront features: Lake View, Road Between Waterfront And Home, Waterfront Num(27013300), Lake Acres(14205), Lake Depth(113)
- Body of water: Minnetonka
Lot
- Size: 6,969.6 Square Feet
- Dimensions: 55 x 127
Details
- Foundation area: 1766
- Parcel number: 3411723110134
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Fiber Board, Block, Concrete, Stone
- Roof: Age 8 Years or Less
Condition
- Age of Property: 0
- New construction: Yes
- Year built: 2025
Utilities & green energy
- Electric: Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Seamans Sub Of Lts 7 & 8 Excelsior
HOA
- Has HOA: No
Location
- Region: Excelsior
Financial & listing details
- Price per square foot: $895/sqft
- Tax assessed value: $1,046,900
- Annual tax amount: $13,981
- Date on market: 10/31/2025
- Cumulative days on market: 43 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/26/2025 | Price change | $5,299,000-7%$895/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6789422 Report a problem | ||
| 10/31/2025 | Listed for sale | $5,700,000+647.5%$963/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6789422 Report a problem | ||
| 2/3/2023 | Sold | $762,500+9.7%$129/sqft |
Source: Public Record Report a problem | ||
| 4/18/2008 | Sold | $695,000+10.4%$117/sqft |
Source:  Lake Superior Area Realtors #1566012 Report a problem | ||
| 6/22/2006 | Sold | $629,500$106/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,981 +38.3% | $1,046,900 -1.5% |
| 2024 | $10,112 +18.2% | $1,063,100 +13.9% |
| 2023 | $8,558 -9.9% | $933,300 +18.7% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$27,393/mo
Principal & interest
$20548
Property taxes
$4990
Home insurance
$1855
Climate risks
Neighborhood: 55331
Nearby schools
GreatSchools rating
- 9/10Excelsior Elementary SchoolGrades: K-5Distance: 0.4 mi
- 8/10Minnetonka West Middle SchoolGrades: 6-8Distance: 1.5 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 2.8 mi
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