$3,885,000

165 Mound Ave Excelsior, MN 55331

Estimated payment $24,867/month

Total Views 8,471
5 Beds
4.5 Baths
5,088 Sq Ft
$764 Price per Sq Ft

Highlights

  • 51 Feet of Waterfront
  • Beach Access
  • Wine Cellar
  • Minnewashta Elementary School Rated A
  • Guest House
  • Deck

About This Home

Like brand new but better!! Luxury lakeside living on A-rated Gideon Bay with panoramic views. Situated on an extra-deep lot, this custom 2021 build has 51' of sandy lake shore and a private beach. There is a chef's kitchen with a 10ft island, an 8-burner Thermador gas induction range and a dedicated back prep area. The stunning primary suite offers lake views, a spacious walk-in closet, and a gorgeous bath. There are four bedrooms on the upper level and a guest suite, above the garage, with a private entrance, kitchenette and full bath. The walkout lower-level features a wine room, a theater room, an exercise room, family room, guest room and a full bar with an ice-maker and a pass-through window to the patio bar. The garage can accommodate two lifts and is wired for supplemental heat. This location is stellar by land of by water- Enjoy front row seats to Excelsior's fireworks. It is only a few minutes to downtown Excelsior and is close to walking/biking trails. This like-new, turn-key retreat is perfect for year round living or enjoying your summers on the lake.

Listing Agent

Angela Richter

RE/MAX Results Listed on: 07/03/2025

RE/MAX Results

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $44,875

Year Built

  • Built in 2021

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 51x305x56x320
  • 51 Feet of Waterfront
  • Lake Front

Parking

  • 3 Car Attached Garage
  • Tuck Under Garage
  • Insulated Garage
  • Garage Door Opener

Home Design

  • Pitched Roof
  • Metal Roof

Interior Spaces

  • 2-Story Property
  • Wine Cellar
  • Family Room
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Home Office
  • Bonus Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal
  • The kitchen features windows

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Window Egress

Outdoor Features

  • Beach Access
  • Deck

Additional Features

  • Air Exchanger
  • Guest House
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Slocums Rgt Of Manitou Forest Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2811723430053

Home Details

Home Type

Single Family

Est. Annual Taxes

$44,875

Year Built

Built in 2021

Lot Details

0

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 3
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water - In Street
  • Year Built: 2021
  • Above Grade Finished Sq Ft: 3788
  • Water Body Name: Minnetonka
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FoundationDimensions: 36x76
  • Second Unit: Existing In-Law w/Bath,Existing In-Law w/Kitchen
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Egress Window(s), Finished, Full, Walkout
  • Appliances: Air-To-Air Exchanger, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliances, Tankless Water Heater, Washer, Water Softener Owned
  • Fireplace Features: Gas, Living Room
  • Living Area: 5088
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 1300
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bonus Room, Deck, Office, Guest Room, Wine Cellar

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt, Metal, Pitched
  • PoolFeatures: None
  • View: East, Panoramic
  • PatioPorchType: Composite Decking,Deck,Rear Porch
  • Lake Acres: 14205
  • Lake Bottom: Sand
  • LakeChain: N
  • Waterfront Frontage: 51

Garage/Parking

  • Parking Features: Attached Garage, Asphalt, Garage Door Opener, Insulated Garage, Tuckunder Garage
  • Garage Square Feet: 800

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s),Dock,Exercise Room,Hardwood Floors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Patio,Paneled Doors,Panoramic View,Security System,Boat Slip,In-Ground Sprinkler,Tile Floors,Vaulted Ceiling(s),Washer/Dryer Hookup,Walk-In Closet

Schools

  • Junior High Dist: Minnetonka
  • SchoolDistrictNumber: 276
  • SchoolDistrictPhone: 952-401-5000

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 51x305x56x320
  • Lot Size Sq Ft: 15681.6
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Many Trees
  • Additional Parcels: No
  • Zoning Description: Shoreline,Residential-Single Family
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Other, Wood Siding

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 2811723430053
  • Tax Annual Amount: 44875
  • TaxWithAssessments: 44875.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $39,099 $3,278,200 $1,302,100 $1,976,100
2022 $16,622 $3,040,000 $1,181,000 $1,859,000
2021 $13,262 $1,293,000 $909,000 $384,000
2020 $10,866 $1,036,000 $840,000 $196,000
2019 $10,913 $824,000 $757,000 $67,000
2018 $11,635 $817,000 $757,000 $60,000
2017 $10,762 $800,000 $700,000 $100,000
2016 $10,187 $750,000 $700,000 $50,000
2015 $9,908 $731,000 $700,000 $31,000
2014 -- $677,000 $650,000 $27,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2025 07/24/25 Price Changed $3,885,000 -2.5% $764 / Sq Ft
07/03/2025 07/03/25 For Sale $3,985,000 +432.8% $783 / Sq Ft
04/26/2012 04/26/12 Sold $748,000 -6.4% $570 / Sq Ft
04/17/2012 04/17/12 Pending -- -- --
03/15/2012 03/15/12 For Sale $799,000 -- $609 / Sq Ft
Source: NorthstarMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $3,345,000 Gibraltar Title Agency Llc
Warranty Deed $973,000 Edina Realty Title Inc
Warranty Deed $748,000 Home Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,100,000 New Conventional
Previous Owner $778,400 Adjustable Rate Mortgage/ARM
Previous Owner $256,200 Credit Line Revolving
Previous Owner $417,000 New Conventional
Previous Owner $250,000 Credit Line Revolving
Previous Owner $200,000 Credit Line Revolving
Source: Public Records

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Source: NorthstarMLS

MLS Number: 6749350

NorthstarMLS

APN: 28-117-23-43-0053