Closed
$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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Owner options
Explore your selling options
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#: 6764346
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
| Date | Event | Price |
|---|---|---|
| 12/31/2025 | Sold | $625,000-3.8% |
Source: | ||
| 11/7/2025 | Pending sale | $649,900 |
Source: | ||
| 11/6/2025 | Listing removed | $649,900 |
Source: | ||
| 8/1/2025 | Listed for sale | $649,900+21.3% |
Source: | ||
| 9/7/2023 | Sold | $536,000+7.2% |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
- 9/10Excelsior Elementary SchoolGrades: K-5Distance: 0.6 mi
- 8/10Minnetonka West Middle SchoolGrades: 6-8Distance: 1.6 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 2.9 mi
