Pending
$850,000
$330/sqft

Zims Add

516 Grace Street, Excelsior, MN, 55331
4  Bedrooms3  Bathrooms2,574  Square Feet0.36  Acres
Days on market4
Year built1957
Garage spaces1
TypeResidential
Est. $22,500buyer credit when you buy with SODL

About this home

Main floor living in Excelsior with private water views! Fully remodeled to the studs in 2020/2021 and re-crafted with a nod to its midcentury heritage while adding all the necessary spaces and amenities for today's living. Open Kitchen with large island and a built in bistro bench offers fabulous views of the lake and graciously welcomes the the sunlight thru its large lakeside windows. 2 bedrooms & 2 bathrooms on main including a true primary suite boasting; dual sinks, large shower, walk in closet and a screen porch. A 2nd large bedroom on main offers flexible space for lakeside bedroom/office/den with a 2nd full bath & laundry rounding out the main level. In the full walk out lower level you'll find 2 bedrooms and refreshed 3/4 bath giving room for guests who will all want to visit your new home in Excelsior - as well as a family room and a flex/exercise room! New deck and circle concrete driveway as well as all new windows, roof, gutters, siding & landscaping make this a truly turn key offering all an easy walk into the Village and all it has to offer. The perfect size with thoughtful layout and touches - this home punches above it's weight with spaces, finishes and location.

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Home facts

Property typeResidential
Property subtypeSingle Family Residence
Year built1957
LevelsOne
Living area2,574 sqft
Above-grade finished1,422 sqft
Below-grade finished1,152 sqft
Lot size0.36 acres (81 x 201)
Days on market4
ListedFeb 26, 2026
MLS #NST7021243
CountyHennepin
SubdivisionZims Add
Parcel #3511723320027

Facts & features

Interior

Bedrooms
4
Bathrooms
3
Bath breakdown
1 full / 2 3/4
Heating
Forced Air, In-Floor Heating
Cooling
Central Air
Appliances
Dishwasher, Disposal, Dryer, ENERGY STAR Qualified Appliances, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer

Property

Levels / stories
One
Garage
1 space · 20 x 11 · 286 sqft
Parking features
Attached Garage, Concrete, Insulated Garage
Patio & porch
Composite Decking, Deck, Patio, Rear Porch, Screened
View
South, West
Waterfront
Lake Front, Lake View

Construction

Property type
Residential
Property subtype
Single Family Residence
Construction materials
Block
Foundation
1,202 sqft
Roof
Age 8 Years or Less, Asphalt
Year built
1957

Utilities

Water
City Water/Connected
Sewer
City Sewer/Connected
Fuel
Natural Gas
Electric
200+ Amp Service

Community & HOA

Subdivision
Zims Add
HOA
No HOA
School district
Minnetonka

Financial & listing details

Annual tax
$7,073 (2025)
Tax with assessments
7329
Listed
Feb 26, 2026
Days on market
4
Manufactured home
Yes

Interior details

Total bathrooms3
Full baths1
3/4 baths2
Half baths0
1/4 baths0
BasementBlock, Egress Window(s), Full, Walkout
HeatingForced Air, In-Floor Heating
CoolingCentral Air
LaundryIn Hall, Laundry Closet, Lower Level, Main Level, Washer Hookup
AppliancesDishwasher, Disposal, Dryer, ENERGY STAR Qualified Appliances, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
DiningBreakfast Bar, Breakfast Area
AmenitiesCeiling Fan(s), Exercise Room, Hardwood Floors, Kitchen Center Island, Kitchen Window, Primary Bedroom Walk-In Closet, Main Floor Primary Bedroom, Natural Woodwork, Patio, Porch, In-Ground Sprinkler, Tile Floors, Washer/Dryer Hookup, Wet Bar, Walk-In Closet
AccessibilityNone
Special featuresAll Living Facilities on One Level, Main Floor Primary, Main Floor Bedroom, Main Floor Laundry, Renovated

Exterior & lot

RoofAge 8 Years or Less, Asphalt
Foundation area1,202 sqft
Patio/porchComposite Decking, Deck, Patio, Rear Porch, Screened
Lot featuresTree Coverage - Medium
Road frontageCity Street, Cul De Sac, No Outlet/Dead End, Paved Streets
Road responsibilityPublic Maintained Road
ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected
SewerCity Sewer/Connected
FuelNatural Gas

Parking & garage

ParkingAttached Garage, Concrete, Insulated Garage
Garage spaces1
Garage size286 sqft

Financial details

Annual taxes$7,073
Tax year2025
Taxes w/ assessments7329
Assessment pendingNo
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District number1246
District phone9524015000
High schoolMinnetonka
SODL flat fee brokerage
$22,500Estimated buyer credit
SODL platform fee $3,000Your buyer credit $22,500

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

$5,340/mo
Principal & interest$4,467
Property taxes$589
Home insurance (est.)$283
%
$170,000
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

516 Grace Street, Excelsior, MN, 55331

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Listing information

MLS #NST7021243
StatusPending
Last updatedMar 9, 2026, 1:47 PM
Originally listedMar 5, 2026, 12:00 AM
Listing officeColdwell Banker 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.