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138 2nd Street
Excelsior, MN 55331
FOR
SALE
$2,495,000
Active
5
Beds
5
Baths
3
Garage
0.20
Acres
2026
Yr. Built
MLS# 7046880
Cumulative Days on Market: 10 (since April 1st, 2026) Data provided by the MLS.

Property Description

This to-be-built custom home by Zehnder Homes offers an exceptional opportunity to create a truly personalized luxury residence just two blocks from both Excelsior Commons and the charm of Water Street. Set on an 88' wide lot, this rare walkout lot provides the perfect setting for your dream home. Enjoy walkable access to Lake Minnetonka, local dining, shops, and year-round community events all from one of the most sought-after locations in the west metro. Designed with over 4, 500 finished square feet, this five-bedroom, five-bath home will showcase the elevated craftsmanship and thoughtful design Zehnder Homes is known for. The open-concept main level is planned for both everyday living and effortless entertaining, featuring expansive living spaces, a gourmet kitchen with high-end appliances, custom cabinetry, and a generous butler's pantry. Upstairs, a luxurious primary suite will offer a spa-inspired bath and oversized walk-in closet, complemented by well appointed secondary bedrooms and convenient upper-level laundry. The walkout lower level provides additional living and entertaining space, featuring a recreation area, bar, and fitness room, all tailored to your lifestyle. With ample opportunity to collaborate on final plans, selections, and finishes, this home presents a unique chance to bring your vision to life in an unbeatable Excelsior location.

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Property Highlights

Property Type
Residential
Bedrooms
5
Total Bathrooms
5
Living Area
4,527 Sqft
Price / Sqft
$551
Acres
0.20
Year Built
2026
Cumulative Days On Market
5

Location

City/Township
Excelsior
Subdivision
Sheldons Add To Excelsior
County
Hennepin
Zoning Description
Residential-Single Family

Property Details

Price
$2,495,000
Property Type
Residential

Building

Levels
Two
Total Area
4,729

Community

Local Schools

School District
Minnetonka

Interior Features

Bedrooms and Bathrooms

Total Bathrooms
5
Full Bathrooms
2
1/2 Bathrooms
1
3/4 Bathrooms
2
Bedrooms
5

Rooms and Basement

Has Basement
Yes
Basement Features
Drain Tiled, Finished, Full, Concrete, Sump Basket, Sump Pump, Tile Shower, Walkout

Area and Spaces

Living Area
4,527 Sqft
Above Grade Finished Area
3,348
Below Grade Finished Area
1,179

Appliances

Appliances
Air-To-Air Exchanger, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, ENERGY STAR Qualified Appliances, Exhaust Fan, Freezer, Humidifier, Gas Water Heater, Water Filtration System, Microwave, Range, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer, Water Softener Owned, Wine Cooler

Interior Features

Laundry Features
Elect
Accessibility Features
None
Electic
Circuit Breakers, 200+ Amp Service
Fireplace Features
Circulating, Gas, Living Room

Heating and Cooling

Heating Features
Forced Air, Humidifier, In-Floor Heating, Zoned
Has Fireplace
Yes
Fireplaces
1

Building Details

Construction

Builder
ZEHNDER HOMES INCORPORATED
Year Built
2026

Materials

Construction Materials
Concrete, Frame
Roof
Age 8 Years or Less, Architectural Shingle, Asphalt, Pitched

Terms

Terms

Contingency
None
Cumulative Days On Market
5

Taxes

Tax

Tax (Annual)
$9,363.21

Heating, Cooling & Utilities

Cooling Features
Central Air, Zoned

Utilities

Sewer
City Sewer/Connected
Water Source
Well

Lot

Acres
0.20
Lot Size
8,798
Lot Dimensions
88x100
Lot Features
Public Transit (w/in 6 blks), Sod Included in Price, Tree Coverage - Medium, Underground Utilities

Exterior Features

Fencing
None

Parking

Garage Capacity
3
Parking Features
Attached Garage, Concrete, Electric Vehicle Charging Station(s), Floor Drain, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage

Pool Features

Pool Features
None
Listed by Re/max Results.
Listing Data last updated 04/15/2026 11:00 am
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Property History

5 days ago
Property information last updated
13 days ago
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: 10 (since April 1st, 2026) 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 04/15/2026 11:00 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: 04/15/2026 11:00 am
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