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New Construction Homes in Excelsior, MN

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  • /17

    $2,250,000 Lot/Land

    2685 Shadywood Rd, Excelsior, MN 55331

    • 1.45 Acres
    • $1,551,724 per Acre

    Exceptional Lake Minnetonka homesite offering 410 feet of prime shoreline on East Upper Lake. Ideally positioned in a quiet harbor in Orono, this 1.45-acre setting provides a rare blend of tranquility, privacy, and a central lake location. An older home is located on the property, but the value is in the land. Open to all builders! Enjoy access to the lifestyle and amenities of both downtown

    Agent Photo

    Jim Schwarz

    Lakes Sotheby's International

    (651) 383-4700

    2685 Shadywood Rd, Excelsior, MN 55331
  • /43

    $1,275,000 Townhome

    5624 Buffington Ln, Excelsior, MN 55331

    • 3 Beds
    • 2.5 Baths
    • 2,988 Sq Ft

    Introducing Lake Park Villas, an exclusive community of 11 luxury main-level living twin homes. Built by ADOR Bespoke Homes, these new construction residences are thoughtfully designed villas offering three bedrooms, three bathrooms, and 2,988 finished square feet. Customize your new home with a variety of design selections and upgrade options. Located within minutes of charming Downtown

    Sarah Polovitz Compass

    5624 Buffington Ln, Excelsior, MN 55331
  • /43

    $1,150,000 Townhome

    5650 Buffington Ln, Excelsior, MN 55331

    • 3 Beds
    • 2.5 Baths
    • 2,988 Sq Ft

    Introducing Lake Park Villas, an exclusive community of 11 luxury main-level living twin homes. Built by ADOR Bespoke Homes, these new construction residences are thoughtfully designed villas offering three bedrooms, three bathrooms, and 2,988 finished square feet. Customize your new home with a variety of design selections and upgrade options. Located within minutes of charming Downtown

    Sarah Polovitz Compass

    5650 Buffington Ln, Excelsior, MN 55331
  • /46

    $1,299,000 Townhome

    5621 Buffington Ln, Excelsior, MN 55331

    • 3 Beds
    • 2.5 Baths
    • 2,988 Sq Ft

    Introducing Lake Park Villas, an exclusive community of 11 luxury main-level living twin homes. These new construction residences are a design-build collaboration between Architect, Jeff Ziebarth, and Builder, ADOR Bespoke Homes. Crafted with exceptional attention to detail, each thoughtfully designed three bedroom, three bathroom villa offers 2,988 finished square feet. Inside, white oak wood

    Sarah Polovitz Compass

    5621 Buffington Ln, Excelsior, MN 55331
  • /62

    $1,599,900 Custom Home

    5815 Echo Rd, Excelsior, MN 55331

    • 5 Beds
    • 4.5 Baths
    • 4,585 Sq Ft

    Introducing an incredible luxury new construction opportunity in Shorewood, featuring the highly sought-after Cape Cod model with an indoor sport court by Eternity Homes, currently under construction with a planned completion date of 12/1/2026. Set on a stunning 0.45-acre lot in a premier neighborhood within the Minnetonka School District, this 5-bedroom, 5-bathroom home offers a 4-car garage and

    Ryan Fischer RE/MAX Results

    5815 Echo Rd, Excelsior, MN 55331
  • /41

    $2,900,000 Custom Home

    20555 Linden Rd, Excelsior, MN 55331

    • 5 Beds
    • 3.5 Baths
    • 5,000 Sq Ft

    Rare opportunity to build your dream home in the heart of Cottagewood! This 0.56-acre lot offers a picturesque setting and can accommodate a walk-out design. Partner with Lucid Builders, known for their timeless craftsmanship and seamless design-build process. Choose from one of Lucid’s thoughtfully curated plans or create your own custom design from the ground up. Enjoy the charm of Cottagewood

    Molly Cardinal Compass

    20555 Linden Rd, Excelsior, MN 55331
  • /41

    $3,200,000 Custom Home

    20565 Linden Rd, Excelsior, MN 55331

    • 5 Beds
    • 4.5 Baths
    • 6,000 Sq Ft

    Build your dream home in the heart of Cottagewood! This 0.56-acre lot offers a picturesque setting and can accommodate a walk-out design. Partner with Lucid Builders, known for their timeless craftsmanship and seamless design-build process. Choose from one of Lucid’s thoughtfully curated plans or create your own custom design from the ground up. Build packages start from $2,800,000. Enjoy the

    Molly Cardinal Compass

    20565 Linden Rd, Excelsior, MN 55331
  • /14

    $1,850,000 Custom Home

    163 2nd St, Excelsior, MN 55331

    • 4 Beds
    • 3.5 Baths
    • 2,633 Sq Ft

    Rare new construction in the heart of Excelsior with estimated completion mid-July, just minutes from Lake Minnetonka. This custom, fully finished luxury rambler offers elevated design and true one-level living in one of the West Metro’s most sought-after locations. Soaring vaulted ceilings and a light-filled open layout create an impressive architectural design, anchored by a statement fireplace

    Kris Thompson eXp Realty

    163 2nd St, Excelsior, MN 55331
  • /29

    $1,675,000 Custom Home

    25560 Smithtown Rd, Excelsior, MN 55331

    • 4 Beds
    • 3 Baths
    • 4,311 Sq Ft

    Welcome to McDonald Construction Partners newest development "Shorewood Meadow" with three amazing .75 acre lots. Inspired by classic European design, the "Laurel" model artfully balances grand entertaining spaces with quiet, private retreats. A grand foyer leads to a soaring vaulted great room with beamed ceiling and statement fireplace and built-ins. Bathed in natural light from twelve feet

    Kris Craig Edina Realty, Inc.

    25560 Smithtown Rd, Excelsior, MN 55331
  • /44

    $4,995,000 Custom Home

    254 Lake St, Excelsior, MN 55331

    • 4 Beds
    • 3.5 Baths
    • 4,661 Sq Ft

    Breathtaking Peter Eskuche + Mikan collaboration offering the highest level of finish throughout this completed new construction masterpiece! Enjoy the stunning architectural details and open flowing floorplan offering walls of windows showcasing gorgeous views overlooking Excelsior Bay. The main-level features light + bright spaces; gourmet kitchen with high-end appliances, coffee bar, prep area

    Jeffrey Dewing Coldwell Banker Realty

    254 Lake St, Excelsior, MN 55331
  • /34

    $2,295,000 Custom Home

    85 Brentwood Ave, Excelsior, MN 55331

    • 5 Beds
    • 3.5 Baths
    • 5,571 Sq Ft

    This stunning custom-designed new construction with views of LAKE MINNETONKA. Property offers 5,571 finished square feet, providing ample space for both relaxation and entertainment. WALK OUT your back door to access Lake Minnetonka Regional trail system. Just minutes to DT Excelsior by foot or bike. OR conveniently out your front door to access Lake Minnetonka and pop in your kayak or

    Kristen Lervick Keller Williams Realty Integrity Lakes

    85 Brentwood Ave, Excelsior, MN 55331
  • /16

    $799,000 Lot/Land

    27755 Island View Rd, Excelsior, MN 55331

    • 27,007 Sq Ft
    • $1,288,710 per Acre

    DESIRE TO BUILD your dream home in an area of Multi-Million dollar homes? Then discover this spacious wooded lot on a private street near Howards Point in Shorewood. It offers Minnetonka schools and is just a short walk to the Howards Pt Marina on Lake Minnetonka. OWNER FINANCING available too. Current home is in excellent condition that can be lived in as you Design your dream...See it soon you

    joel hentges RE/MAX Advantage Plus

    27755 Island View Rd, Excelsior, MN 55331
  • /24

    $650,000 Lot/Land

    19670 Excelsior Blvd, Excelsior, MN 55331

    • 2.07 Acres
    • $314,010 per Acre

    Builders and developers, take note of this rare Deephaven opportunity on 2.07 acres near Lake Minnetonka! This beautiful property offers an exceptional custom home build site in a highly desirable Lake Minnetonka area location. The existing home is considered a tear-down, creating the perfect setting to design and build your dream home. The lot is ideally situated for a tucked-away residence

    Taylor Owens Edina Realty, Inc.

    19670 Excelsior Blvd, Excelsior, MN 55331
  • /5

    $499,900 Lot/Land

    151 Bell St, Excelsior, MN 55331

    • 6,534 Sq Ft
    • $3,332,667 per Acre

    Build your new construction home here!Live the dream in downtown Excelsior. Walking distance to Excelsior Connons Park, swimming beach, tennis courts, city docks on Lake Minnetonka. All the Village shops on Water Street. Regional trail to Carver Park & Hopkins. Kowalski's market four blocks away.

    Slava Daskalyuk Counselor Realty, Inc.

    151 Bell St, Excelsior, MN 55331
  • /2

    $550,000 Lot/Land

    25975 Wild Rose Ln, Excelsior, MN 55331

    • 1.23 Acres
    • $447,154 per Acre

    Minnetonka Schools 1.23 acres. Home Package starting at 1.8. Close to Minnewashta Elementary. Working well is on the property. Colson Custom Homes has designed a home for the lot that includes a sport court pricing close to 2.1. The lot can also accommodate a pool.

    Colleen Johnson RE/MAX Advantage Plus

    25975 Wild Rose Ln, Excelsior, MN 55331
  • /2

    $500,000 Lot/Land

    20450 Linwood Rd, Excelsior, MN 55331

    • 12,632 Sq Ft
    • $1,724,138 per Acre

    Tucked in the heart of Cottagewood U.S.A., this private 2-bedroom cottage offers a rare chance to remodel or build new in one of Lake Minnetonka’s most sought-after neighborhoods. The home features a walkout lower level and an oversized one-car garage. Enjoy easy access to the neighborhood beach, parks, sport courts, scenic trails, and the beloved Cottagewood General Store. Award-winning

    Max Zinn Coldwell Banker Realty

    20450 Linwood Rd, Excelsior, MN 55331
  • /11

    $2,590,000 Lot/Land

    4410 Manitou Rd, Excelsior, MN 55331

    • 19,166 Sq Ft
    • $5,886,364 per Acre

    Experience lakeside living at its finest on this exceptional Lake Minnetonka lot, featuring 140 feet of level, A-rated sandy lakeshore on East Upper Lake. Nearly half an acre of southwest-facing shoreline offers miles of panoramic views and breathtaking sunsets over the water. This prime location combines peace and privacy with incredible convenience—just minutes from downtown Excelsior, scenic

    David Carlson Gatehouse Properties LTD

    4410 Manitou Rd, Excelsior, MN 55331
  • /8

    $599,000 Lot/Land

    25725 Birch Bluff Rd, Excelsior, MN 55331

    • 36,590 Sq Ft
    • $713,095 per Acre

    Oversized wooded lot in a highly desirable neighborhood across Lake Minnetonka. Walk to the beach and enjoy all that Excelsior has to offer. Rare opportunity to build, bring your own builder or build with Alliance Builders, starting at $2M.

    Efim Shukalovich eXp Realty

    25725 Birch Bluff Rd, Excelsior, MN 55331
  • /25

    $599,000 Lot/Land

    24560 Smithtown Rd, Excelsior, MN 55331

    • 1.06 Acres
    • $565,094 per Acre

    An Exceptional Opportunity in the Heart of Shorewood... You don’t come across opportunities like this often. Nestled on just over an acre in the highly desirable Shorewood, this prime parcel is already positioned for success, with medium-high density zoning and city-approved preliminary plat and concept plans for six single-family homes. The vision is in place. The groundwork has been laid. Now

    Amber Simon eXp Realty

    24560 Smithtown Rd, Excelsior, MN 55331
  • /20

    $299,900 Lot/Land

    6591 Galpin Blvd, Chanhassen, MN 55331

    • 1.01 Acres
    • $296,931 per Acre

    A Rare Canvas in Chanhassen – Build Your Dream, Live Your Legacy Tucked into nature’s quiet pocket, yet just five minutes from the charm and energy of downtown Excelsior, this south-facing, one-acre lot offers the rare chance to build your dream home on your terms—with your builder, your vision, and no compromises. Set against a serene northward backdrop, the land is alive with wildlife—deer at

    Voila It's That Easy eXp Realty

    6591 Galpin Blvd, Chanhassen, MN 55331
  • /14

    $775,000 Lot/Land

    24695 Glen Rd, Excelsior, MN 55331

    • 1.81 Acres
    • $428,177 per Acre

    This 1.8-acre property offers exceptional flexibility and investment potential. Nestled on a level, fully fenced lot just minutes from the Lake Minnetonka LRT Trail and vibrant downtown Excelsior. Lot can be split into two lots through a Minor Subdivision. Whether you're looking to build a custom home on a large estate or develop two individual residences, this property provides a rare

    Daniel Desrochers eXp Realty

    24695 Glen Rd, Excelsior, MN 55331
  • /19

    $3,800,000 Lot/Land

    5080 Meadville St, Excelsior, MN 55331

    • 17,424 Sq Ft
    • $9,500,000 per Acre

    Offered for the first time in over 60 years, 5080 Meadville Street provides a once-in-a-generation opportunity to secure a premier west-facing property on one of Greenwoods most cherished streets. Located just a short walk from the heart of downtown Excelsior, you are minutes from great dining, specialty boutiques, and the year around energy of Lake Minnetonka's most charming town. This

    Kyle Hunt Coldwell Banker Realty

    5080 Meadville St, Excelsior, MN 55331
  • /16

    $4,995,000 Lot/Land

    4900x Meadville St, Excelsior, MN 55331

    • 27,442 Sq Ft
    • $7,928,571 per Acre

    A premier Lake Minnetonka build site with 199’ of northwest-facing, A-rated, flat, rip-rapped, Lake Minnetonka lakeshore. This stunning .63 acre property features a manicured lawn with panoramic views in an idyllic, peaceful setting. This is a rare opportunity for luxurious living on Lake Minnetonka. This property is shown by appointment only – no site visits without having an approved showing.

    Stafford Family Realtors Coldwell Banker Realty

    4900x Meadville St, Excelsior, MN 55331
  • /64

    $699,000 Lot/Land

    18830 Eastwood Dr, Excelsior, MN 55331

    • 1.44 Acres
    • $485,417 per Acre

    Discover a rare & exceptional land opportunity in the heart of Deephaven, where privacy, natural beauty & location come together seamlessly. This expansive 1.44 acre wooded lot is located at the end of a cul-de-sac & features a serene pond setting offering a picturesque backdrop for a future custom estate. Towering trees & tranquil surroundings create a peaceful retreat, while still providing

    John MacKany Edina Realty, Inc.

    18830 Eastwood Dr, Excelsior, MN 55331
  • /2

    $2,399,000 Lot/Land

    4330 Manitou Rd, Excelsior, MN 55331

    • 17,859 Sq Ft
    • $5,851,220 per Acre

    Breathtaking setting offering unparalleled west-facing sunset views overlooking 104' of level rip-rap shoreline. “A” grade water quality. Adjacent fire lane creates an additional buffer. Ideally located between Wayzata and Excelsior. Bring the builder of your choice!

    Jeffrey Dewing Coldwell Banker Realty

    4330 Manitou Rd, Excelsior, MN 55331

Frequently Asked Questions

What warranties come with a new construction home?
Most Builders provide a 1-year workmanship warranty, a 2-year systems warranty, and a 10-year structural warranty.
What upgrades are included in a new build vs what is considered extras?
Builders in Excelsior, MN usually offer a base package and optional upgrades such as flooring, countertops, and appliances.
Do new construction homes in Excelsior, MN hold their value?
Yes, especially in fast-growing areas of Excelsior, MN. Resale values are supported by population growth, job opportunities, and desirable schools.
What happens if I find issues after moving in to new build?
Builders typically provide a post-move in warranty service to address punch list items.

Home Trends in Excelsior, MN

Housing Trends

Median Sale Price
$839,000
Median Single Family Sale Price
$970,000
Median Townhouse Sale Price
$636,000
Average Price Per Sq Ft
$387
Number of Homes for Sale
73
Last 12 months Home Sales
269
Months of Supply
3.30
Median List Price
$900,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-1%
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