Introducing an exceptional custom-built walkout rambler on the serene shores of Lake Minnetonka, offering the ultimate lakeside lifestyle. Set on nearly an acre with 90 feet of private shoreline, a private dock, and a slip, this new construction offers an exclusive opportunity for waterfront living. Located on a quiet inlet off Carman Bay, renowned for its crystal-clear waters, the home strikes a perfect balance of tranquility and recreational potential. Designed for seamless living and entertaining, the open-concept main level boasts a chef-inspired gourmet kitchen with high-end appliances, custom cabinetry, and a large island, all flowing into the vaulted living room with a gas fireplace. Stunning lake views from this space make it the ideal place to relax or host guests. The main floor also features a private office and a luxurious primary suite with panoramic views, a spa-like bath, and a walk-in closet — a true retreat. The walkout lower level offers three spacious bedrooms, each with ample closet space, plus a cozy family room with a fireplace. The wet bar adds convenience for entertaining, while the recreational space is perfect for billiards or ping pong. A fully equipped home gym and sauna create an oasis for wellness. The flat backyard extends to the water’s edge, offering direct lake access and a firepit for evening gatherings by the water. Whether launching a boat, enjoying sunset views, or relaxing lakeside, the outdoor spaces are designed to integrate seamlessly with the natural beauty of the surroundings. Carman Bay’s peaceful waters are perfect for water sports, and nearby trails and parks offer opportunities to explore nature. Just minutes from the vibrant communities of Spring Park, Wayzata, and Excelsior, this home provides easy access to dining, shopping, and entertainment. This is a rare chance to own a custom-designed lakefront home on one of Minnesota’s most sought-after lakes. Experience unmatched lakeside living!
Closed
$2,100,000
2670 Pheasant Rd, Excelsior, MN 55331
5beds
4,444sqft
Single Family Residence
Built in 2023
0.95 Acres Lot
$2,092,700 Zestimate®
$473/sqft
$7,692 Estimated rent
Home value
$2,092,700
$1.93M - $2.28M
$7,692/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 17, 2025 at 09:09am
Listed by:
Stephanie Spading 952-454-0786,
Edina Realty, Inc.,
Cari Ann Carter-Cari Ann Carter Group 612-926-9999
Bought with:
Allison Errickson
Edina Realty, Inc.
Cassie L Frick
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6658360
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 2
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Bedroom 1
- Level: Main
- Area: 255 Square Feet
- Dimensions: 17x15
Bedroom 2
- Level: Lower
- Area: 169 Square Feet
- Dimensions: 13x13
Bedroom 3
- Level: Lower
- Area: 154 Square Feet
- Dimensions: 14x11
Bedroom 4
- Level: Lower
- Area: 132 Square Feet
- Dimensions: 12x11
Deck
- Level: Main
- Area: 256 Square Feet
- Dimensions: 32x8
Den
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13x11
Dining room
- Level: Main
- Area: 104 Square Feet
- Dimensions: 13x8
Exercise room
- Level: Lower
- Area: 176 Square Feet
- Dimensions: 16x11
Family room
- Level: Lower
- Area: 288 Square Feet
- Dimensions: 18x16
Foyer
- Level: Main
- Area: 80 Square Feet
- Dimensions: 10x8
Game room
- Level: Lower
- Area: 286 Square Feet
- Dimensions: 22x13
Kitchen
- Level: Main
- Area: 264 Square Feet
- Dimensions: 24x11
Living room
- Level: Main
- Area: 304 Square Feet
- Dimensions: 19x16
Mud room
- Level: Main
- Area: 72 Square Feet
- Dimensions: 12x6
Office
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12x11
Porch
- Level: Main
- Area: 160 Square Feet
- Dimensions: 20x8
Sauna
- Level: Lower
- Area: 54 Square Feet
- Dimensions: 9x6
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Cooktop, Dishwasher, Dryer, Exhaust Fan, Freezer, Humidifier, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Wall Oven, Washer, Water Softener Owned
Features
- Basement: Daylight,Drain Tiled,Egress Window(s),Finished,Full,Storage Space,Sump Pump,Walk-Out Access
- Number of fireplaces: 2
- Fireplace features: Family Room, Gas, Living Room
Interior area
- Total structure area: 4,444
- Total interior livable area: 4,444 sqft
- Finished area above ground: 2,222
- Finished area below ground: 2,001
Property
Parking
- Total spaces: 3
- Parking features: Attached, Garage Door Opener, Heated Garage
- Attached garage spaces: 3
- Has uncovered spaces: Yes
- Details: Garage Dimensions (42x24)
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Front Porch, Patio, Porch
- Has view: Yes
- View description: East
- Waterfront features: Lake Front, Waterfront Num(27013300), Lake Bottom(Gravel, Soft), Lake Acres(14205), Lake Depth(113)
- Body of water: Minnetonka
- Frontage length: Water Frontage: 90
Lot
- Size: 0.95 Acres
- Dimensions: 120 x 399 x 90 x x 385
- Features: Accessible Shoreline
Details
- Foundation area: 2222
- Parcel number: 2111723230021
- Zoning description: Shoreline,Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Engineered Wood
- Roof: Age 8 Years or Less
Condition
- Age of Property: 2
- New construction: No
- Year built: 2023
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Excelsior
- Subdivision: Pheasant Lawn
HOA & financial
HOA
- Has HOA: No
Price history
| Date | Event | Price |
|---|---|---|
| 4/17/2025 | Sold | $2,100,000-6.7%$473/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6658360 | ||
| 3/21/2025 | Pending sale | $2,250,000$506/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6658360 | ||
| 2/22/2025 | Price change | $2,250,000-6.3%$506/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6658360 | ||
| 2/11/2025 | Listed for sale | $2,400,000-3.8%$540/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6658360 | ||
| 8/2/2024 | Listing removed | -- |
Source: NorthstarMLS as distributed by MLS GRID #6442863 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $18,538 +14.1% | $1,943,900 +10.4% |
| 2024 | $16,251 +68.7% | $1,760,700 +10.1% |
| 2023 | $9,636 +28.7% | $1,599,200 +57.1% |
Find assessor info on the county website
Neighborhood: 55331
Nearby schools
GreatSchools rating
- 9/10Shirley Hills Primary SchoolGrades: K-4Distance: 2.8 mi
- 9/10Grandview Middle SchoolGrades: 5-7Distance: 3.5 mi
- 9/10Mound-Westonka High SchoolGrades: 8-12Distance: 3.9 mi
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Estimated market value
$2,092,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,092,700