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254 Lake Street
Excelsior, MN 55331
COMING
SOON
$5,700,000
Coming Soon
4
Beds
4
Baths
2
Garage
5,500
Sq.Ft.
1910
Yr. Built
MLS# 6789422
Cumulative Days on Market: Less than 1 (since September 16th, 2025) Data provided by the MLS.

Property Description

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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Property Highlights

Price
$5,700,000
Property Type
Residential
Property Sub Type
Single Family Residence
Bedrooms
4
Total Bathrooms
4
Living Area
5,500
Price / Sq Ft
$1,036
Year Built
1910

Location

County
Hennepin
Subdivision
Seamans Sub Of Lts 7 & 8 Excelsior
Zoning Description
Residential-Single Family

Property Details

Price
$5,700,000
Property Sub Type
Single Family Residence
Property Type
Residential

Building

Levels
Two
Total Area
5,500

Community

Local Schools

School District
Minnetonka

Interior Features

Bedrooms and Bathrooms

1/2 Bathrooms
1
Bedrooms
4
Full Bathrooms
3
Total Bathrooms
4

Rooms and Basement

Basement Features
Block
Has Basement
Yes

Area and Spaces

Above Grade Finished Area
4,300
Below Grade Finished Area
1,200

Interior Features

Accessibility Features
None

Heating and Cooling

Fireplaces
2
Has Fireplace
Yes
Heating Features
Forced Air

Building Details

Construction

New Construction
Yes
Year Built
1910

Materials

Construction Materials
Fiber Board

Terms

Terms

Contingency
None

Taxes

Tax

Tax (Annual)
$13,981

Heating, Cooling & Utilities

Cooling Features
Central Air

Utilities

Sewer
City Sewer/Connected
Water Source
City Water/Connected

Lot

Lot Dimensions
55X127
Lot Dimensions Units
Acres
Lot Size
0.16
Lot Size Area Sq Ft
6,970

Parking

Parking Features
Attached Garage
Listed by Rize Realty.
Listing Data last updated 09/16/2025 06:00 am
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Property History

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Property information last updated
Today
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: Less than 1 (since September 16th, 2025) Data provided by the MLS.

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Listings courtesy of Northstar MLS as distributed by MLS GRID. IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. Based on information submitted to the MLS GRID as of 09/16/2025 06:00 am. 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. Properties displayed may be listed or sold by various participants in the MLS.

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Listing Data last updated: 09/16/2025 06:00 am
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