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  • $625,000

    88 1st St, Excelsior, MN 55331

    --beds
    --baths
    4,356Square Feet
    Unimproved Land
    Built in ----
    4,356 Square Feet Lot
    $-- Zestimate®
    $--/sqft
    $1,751 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,751/mo

    Zestimate® history
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    $3,826/mo

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    What's special

    Rare opportunity to build a new home on one of the best available lots in the coveted Heart of Excelsior or buy and hold as an investment. This prime wide open corner lot offers expansive unobstructed views across Excelsior Commons Park with Lake Minnetonka just a few steps away and right outside the door of your future home. Enjoy all the public amenities and zero HOA fees including 2 swimming beaches, playground, tennis courts, basketball, baseball, kayaking, grilling, fishing, fireworks on the 4th, or just relax by the open firepits and relish live music at the park bandshell, plus much more. All this and located within the award-winning Minnetonka Schools and Excelsior Elementary, walking distance to historic Water Street boasting numerous shops and fine dining experiences, easy access to Lake Minnetonka LRT Reginal Trail system. In addition, Excelsior residents are eligible for boat slips or sailboat mooring buoys via the city dock program waiting list. Note the previous home has already been demolished and removed from the site saving you substantial $$$ in demolition costs. Open to any builder. Do not delay!

    Zillow last checked: 8 hours ago

    Listing updated: January 02, 2026 at 12:02pm

    Listed by:

    Lane M Hansen 952-261-9423,

    United Real Estate Twin Cities,

    Jin "Dida" Hansen 763-913-9174

    Bought with:

    Rick G Bateson

    Keller Williams Premier Realty Lake Minnetonka

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6764346MLS Logo

    Facts & features

    Interior

    Features
    • Has basement: No

    Property

    Features
    • Has view: Yes
    • View description: Lake
    • Has water view: Yes
    • Water view: Lake
    • Waterfront features: Lake View, Other
    • Frontage length: Water Frontage: 0
    Lot
    • Size: 4,356 sqft
    • Topography: Level
    Details
    • Parcel number: 2711723430022
    • Zoning description: Residential-Single Family

    Utilities & green energy

    • Utilities for property: Other Connected, Sewer Available, Water Available

    Community & neighborhood

    Community
    • Community features: No
    Location
    • Region: Excelsior

    HOA & financial

    HOA
    • Has HOA: No

    Price history

    DateEventPrice
    12/31/2025Sold$625,000-3.8%
    Source: NorthstarMLS as distributed by MLS GRID #6764346 Report a problem
    11/7/2025Pending sale$649,900
    Source: NorthstarMLS as distributed by MLS GRID #6764346 Report a problem
    11/6/2025Listing removed$649,900
    Source: NorthstarMLS as distributed by MLS GRID #6764346 Report a problem
    8/1/2025Listed for sale$649,900+21.3%
    Source: NorthstarMLS as distributed by MLS GRID #6764346 Report a problem
    9/7/2023Sold$536,000+7.2%
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,561 -1%$543,700 +2.3%
    2024$7,635 +36.1%$531,600 -4%
    2023$5,608 -8.8%$554,000 +17.4%

    Find assessor info on the county website

    Neighborhood: 55331

    Nearby schools

    GreatSchools rating