Listed at
$1,800,000
$537/sqft

Auditors Sub 135

185 W Lake Street, Excelsior, MN, 55331
4  Bedrooms4  Bathrooms3,350  Square Feet0.16  Acres
Days on market235
Year built1900
Garage spaces2
TypeResidential
Est. $51,000buyer credit when you buy with SODL
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About this home

Located in the heart of Excelsior, just one block from Lake Minnetonka, this exceptional home offers a rare blend of refined living and an unbeatable in-town location. Thoughtfully designed for both everyday comfort and effortless entertaining, the home features warm hardwood floors, light-filled living spaces, and seamless indoor-outdoor flow. The well-appointed kitchen boasts generous counter space and abundant cabinetry, making it ideal for hosting gatherings or preparing meals after a day on the lake. A bright, window-wrapped primary suite provides a serene retreat, complemented by a spacious primary bath with dual vanities, a soaking tub, and a steam shower. The expansive lower level includes space for a game table or media area, along with a bedroom and bathroom — perfect for welcoming weekend guests who come to enjoy lake life and all that Excelsior has to offer. Just steps from Excelsior Commons and the Port of Excelsior, residents enjoy easy access to swimming beaches, parks, public docks, and summer concerts at the Bandshell. A short walk brings you to historic downtown Excelsior, with its charming restaurants, boutique shopping, and iconic ice cream shops. Offering walkability, lake access, and a premier Excelsior address, this home delivers the quintessential Lake Minnetonka lifestyle. As an owner you’re eligible for a deeded boat slip, but be aware that there is a waiting list.

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Home facts

Property typeResidential
Property subtypeSingle Family
Year built1900
LevelsTwo
Living area3,350 sqft
Above-grade finished2,368 sqft
Below-grade finished982 sqft
Lot size0.16 acres (117x67x109x82)
Days on market235
ListedFeb 5, 2026
MLS #NST7012272
CountyHennepin
SubdivisionAuditors Sub 135
Parcel #2711723430014

Facts & features

Interior

Bedrooms
4
Bathrooms
4
Bath breakdown
2 full / 1 3/4 / 1 half
Heating
Forced Air, In-Floor Heating
Cooling
Central Air
Appliances
Cooktop, Dishwasher, Disposal, Exhaust Fan, Humidifier, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer, Water Softener Owned

Property

Levels / stories
Two
Garage
2 spaces · 696 sqft
Parking features
Attached Garage, Concrete, Garage Door Opener, Heated Garage, Insulated Garage
Patio & porch
Patio, Porch
Pool
None
Fencing
Wood

Construction

Property type
Residential
Property subtype
Single Family
Foundation
1,120 sqft
Roof
Asphalt
Year built
1900

Utilities

Water
City Water/Connected
Sewer
City Sewer/Connected
Fuel
Natural Gas

Community & HOA

Subdivision
Auditors Sub 135
HOA
No HOA
School district
Minnetonka

Financial & listing details

Annual tax
$18,302 (2025)
Listed
Feb 5, 2026
Days on market
235
Manufactured home
Yes

Interior details

Total bathrooms4
Full baths2
3/4 baths1
Half baths1
1/4 baths0
BasementBlock, Daylight/Lookout Windows, Drain Tiled, Egress Window(s), Finished, Full, Sump Pump
HeatingForced Air, In-Floor Heating
CoolingCentral Air
LaundryGas Dryer Hookup, Laundry Room, Main Level, Washer Hookup
AppliancesCooktop, Dishwasher, Disposal, Exhaust Fan, Humidifier, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer, Water Softener Owned
DiningEat In Kitchen, Separate/Formal Dining Room
AmenitiesCeiling Fan(s), Deck, Hardwood Floors, Kitchen Center Island, Kitchen Window, Primary Bedroom Walk-In Closet, Natural Woodwork, Patio, Paneled Doors, Tile Floors, Washer/Dryer Hookup, Walk-In Closet
AccessibilityNone
Special features3 BR on One Level, Main Floor Laundry, Primary Bdr Suite, Renovated

Exterior & lot

RoofAsphalt
Foundation area1,120 sqft
Patio/porchPatio, Porch
Lot featuresPublic Transit (w/in 6 blks), Corner Lot, Tree Coverage - Light
Road frontageCity Street, Curbs, Paved Streets, Sidewalks
Road responsibilityPublic Maintained Road
ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected
SewerCity Sewer/Connected
FuelNatural Gas

Parking & garage

ParkingAttached Garage, Concrete, Garage Door Opener, Heated Garage, Insulated Garage
Garage spaces2
Garage size696 sqft

Financial details

Annual taxes$18,302
Tax year2025
Taxes w/ assessments18302
Assessment pendingNo
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District number1246
District phone9524015000
High schoolMinnetonka
SODL flat fee brokerage
$51,000Estimated buyer credit
SODL platform fee $3,000Your buyer credit $51,000

How SODL buyer credits work

When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.

  • Tour homes with SODL’s flexible showing network
  • Submit offers and manage your transaction through the platform
  • Keep more money at closing through transparent flat-fee pricing

A clear, modern way to buy with expert guidance and meaningful savings.

Estimated monthly payment

$11,585/mo
Principal & interest$9,460
Property taxes$1,525
Home insurance (est.)$600
%
$360,000
0%50%
Credit score
Loan term

These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.

Location

185 W Lake Street, Excelsior, MN, 55331

Listing information

MLS #NST7012272
StatusActive
Last updatedApr 7, 2026, 3:18 PM
Originally listedFeb 5, 2026, 11:35 AM
Listing officeEdina Realty, Inc.
Co-listing officeEdina Realty, Inc.

Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.