Listed at
$5,299,000
$1,137/sqft

Seamans Sub Of Lts 7 & 8 Excelsior

254 Lake Street, Excelsior, MN, 55331
4  Bedrooms4  Bathrooms4,661  Square Feet0.16  Acres
Days on market360
Year built2025
Garage spaces2
TypeResidential
Est. $155,970buyer credit when you buy with SODL
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About this home

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.

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Home facts

Property typeResidential
Property subtypeSingle Family Residence
Year built2025
LevelsTwo
Living area4,661 sqft
Above-grade finished2,983 sqft
Below-grade finished1,678 sqft
Lot size0.16 acres (55X127)
Days on market360
ListedSep 15, 2025
New constructionYes
MLS #NST6789422
CountyHennepin
SubdivisionSeamans Sub Of Lts 7 & 8 Excelsior
Parcel #3411723110134

Facts & features

Interior

Bedrooms
4
Bathrooms
4
Bath breakdown
3 full / 1 half
Heating
Forced Air
Cooling
Central Air
Appliances
Chandelier, Dishwasher, Double Oven, Dryer, Electronic Air Filter, Exhaust Fan, Freezer, Humidifier, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer

Property

Levels / stories
Two
Garage
2 spaces · 20x26 · 531 sqft
Parking features
Attached Garage
Pool
Below Ground, Heated, Outdoor Pool
Fencing
Wood
View
Bay, East, Harbor, Panoramic

Construction

Property type
Residential
Property subtype
Single Family Residence
Construction materials
Fiber Board
Foundation
1,766 sqft
Roof
Age 8 Years or Less
New construction
Yes

Utilities

Water
City Water/Connected
Sewer
City Sewer/Connected

Community & HOA

Subdivision
Seamans Sub Of Lts 7 & 8 Excelsior
HOA
No HOA
School district
Minnetonka

Financial & listing details

Annual tax
$13,981 (2025)
Tax with assessments
13981.0000
Listed
Sep 15, 2025
Days on market
360 · 32 cumulative

Interior details

Total bathrooms4
Full baths3
3/4 baths0
Half baths1
1/4 baths0
BasementBlock
HeatingForced Air
CoolingCentral Air
Fireplaces2
AppliancesChandelier, Dishwasher, Double Oven, Dryer, Electronic Air Filter, Exhaust Fan, Freezer, Humidifier, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer
AccessibilityNone

Exterior & lot

RoofAge 8 Years or Less
Foundation area1,766 sqft
ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected
SewerCity Sewer/Connected

Parking & garage

ParkingAttached Garage
Garage spaces2
Garage size531 sqft

Financial details

Annual taxes$13,981
Tax year2025
Taxes w/ assessments13981.0000
Assessment pendingNo
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District number276
District phone952-401-5000
High schoolMinnetonka
SODL flat fee brokerage
$155,970Estimated buyer credit
SODL platform fee $3,000Your buyer credit $155,970

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

$30,780/mo
Principal & interest$27,849
Property taxes$1,165
Home insurance (est.)$1,766
%
$1,059,800
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

254 Lake Street, Excelsior, MN, 55331

Listing information

MLS #NST6789422
StatusActive
Last updatedDec 1, 2025, 5:32 PM
Originally listedOct 4, 2025, 1:27 AM
Listing officeRize Realty

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.