Listed at
$2,150,000
$842/sqft

511 2nd Street #3

511 2nd Street #3, Excelsior, MN, 55331
3  Bedrooms4  Bathrooms2,552  Square Feet0.194  Acres
Days on market110
Year built2023
Garage spaces3
HOA / month$1,869
TypeResidential
Est. $61,500buyer credit when you buy with SODL
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About this home

Welcome to Lake House #3, an exceptional luxury residence in the heart of Excelsior, just moments from the shores of Lake Minnetonka. Designed for effortless, turn-key living, this stunning condominium blends refined craftsmanship with elevated modern design. The home showcases impeccable finishes throughout, including wide-plank hardwood floors, custom cabinetry, and striking 9.5-foot coffered ceilings. The gourmet kitchen is a true centerpiece, featuring Thermador stainless steel appliances, a quartz waterfall-edge island, and a walk-in pantry with custom organizational shelving. A stylish wet bar with a dual-zone beverage center enhances the home’s entertaining appeal. Seamless indoor-outdoor living is achieved with a dramatic 12-foot accordion door that opens to a lakeside three-season porch with a wood-paneled ceiling, gas fireplace, and breathtaking 180-degree views. The luxurious primary suite offers a spacious walk-in closet with in-unit laundry, along with a spa-like bath featuring heated floors, dual vanities, a soaking tub, and a separate walk-in shower. Each additional bedroom includes its own en-suite bath and custom closet system. Thoughtful conveniences continue with three heated garage stalls, EV charging capability, and ample storage. Enjoy unparalleled walkability to Excelsior’s vibrant dining, shopping, and year-round community events, along with nearby attractions like the Excelsior Commons and regional trails.

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Home facts

Property typeResidential
Property subtype(CC) Low Rise (3- Levels)
Year built2023
LevelsOne
Living area2,552 sqft
Above-grade finished2,552 sqft
Below-grade finished0 sqft
Lot size0.194 acres (Common)
Days on market110
ListedJun 3, 2026
MLS #NST7038770
CountyHennepin
Parcel #3511723220195

Facts & features

Interior

Bedrooms
3
Bathrooms
4
Bath breakdown
1 full / 2 3/4 / 1 half
Heating
Forced Air, Fireplace(s)
Cooling
Central Air
Appliances
Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Stainless Steel Appliances, Wall Oven, Washer, Wine Cooler

Property

Levels / stories
One
Garage
3 spaces · 0x0
Parking features
Garage Door Opener, Guest Parking, Heated Garage, Parking Garage, Secured, Shared Garage/Stall, Storage, Tuckunder Garage
Patio & porch
Covered, Deck
Exterior features
Stone
Lot size
0.194 acres

Construction

Property type
Residential
Property subtype
(CC) Low Rise (3- Levels)
Foundation
Other · 2,552 sqft
Roof
Age 8 Years or Less
Year built
2023

Utilities

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

Community & HOA

HOA
$1,869/month
HOA name
Pending
HOA phone
6122960900
HOA includes
Internet, Other, Parking, Sanitation, Shared Amenities
HOA amenities
Elevator(s), Lobby Entrance, Other
School district
276 - Minnetonka

Financial & listing details

Annual tax
$28,041.46 (2026)
Listed
Jun 3, 2026
Days on market
110
Manufactured home
Yes

Interior details

Total bathrooms4
Full baths1
3/4 baths2
Half baths1
1/4 baths0
BasementNone
HeatingForced Air, Fireplace(s)
CoolingCentral Air
Fireplaces2
LaundryMain Level, In Unit
AppliancesCooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Stainless Steel Appliances, Wall Oven, Washer, Wine Cooler
DiningEat In Kitchen, Living/Dining Room
AmenitiesBalcony, Deck, Hardwood Floors, Kitchen Center Island, Kitchen Window, Primary Bedroom Walk-In Closet, Main Floor Primary Bedroom, Tile Floors, Wet Bar, Walk-In Closet
AccessibilityAccessible Elevator Installed
Special features3 BR on One Level, All Living Facilities on One Level, Main Floor Primary, Main Floor Bedroom, Main Floor Laundry

Exterior & lot

ExteriorStone
RoofAge 8 Years or Less
FoundationOther
Foundation area2,552 sqft
Patio/porchCovered, Deck
Road frontageCurbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
Road responsibilityPublic Maintained Road
ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected
SewerCity Sewer/Connected
FuelNatural Gas

Parking & garage

ParkingGarage Door Opener, Guest Parking, Heated Garage, Parking Garage, Secured, Shared Garage/Stall, Storage, Tuckunder Garage
Garage spaces3
Garage size0 sqft

Financial details

Annual taxes$28,041.46
Tax year2026
Taxes w/ assessments28041.46
Assessment pendingNo
HOA fee$1,869
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District276 - Minnetonka
District number276
District phone9524015000
High schoolMinnetonka
SODL flat fee brokerage
$61,500Estimated buyer credit
SODL platform fee $3,000Your buyer credit $61,500

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

$16,222/mo
Principal & interest$11,299
Property taxes$2,337
Home insurance (est.)$717
HOA fees$1,869
%
$430,000
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

511 2nd Street #3, Excelsior, MN, 55331

Listing information

MLS #NST7038770
StatusActive
Last updatedJul 27, 2026, 6:29 PM
Originally listedJun 10, 2026, 12:00 AM
Listing officeCompass
Co-listing officeCompass

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.