$390,000
SOLD SEP 4, 2025

24945 Smithtown Rd Excelsior, MN 55331

4 Beds
2 Baths
1,644 Sq Ft
0.83 Acres

Recently Sold

$237 Per Sq Ft

2% Below List Price

6 Days on Market

Highlights

  • Guest Parking
  • 1-Story Property
  • Forced Air Heating System
  • Minnewashta Elementary School Rated A

About This Home

As of September 2025

Rare Duplex Opportunity in Highly Sought-After Shorewood!
Don’t miss this exceptional investment or redevelopment opportunity just minutes from vibrant downtown Excelsior. Situated on a generous tree lined.83-acre lot, this side-by-side duplex features two units, each offering 2 bedrooms and 1 full bath—ideal for rental income, multi-generational living, or future new construction.

This is a prime location with close proximity to Lake Minnetonka, Excelsior’s dining, shopping, parks, and top-tier Minnetonka schools—making it incredibly attractive to both tenants and future homeowners. Zoned for flexibility, this property offers rare potential to hold as an income property or build your dream home in a location where options like this rarely come up.

Showings require 2 hour notice as property is tenant-occupied.

This is the property you’ve been waiting for—an unbeatable location, generous lot, and future potential. Act fast!

Last Agent to Sell the Property

Lawrence DePauw

Edina Realty, Inc. Listed on: 08/13/2025

Edina Realty, Inc.

Last Buyer's Agent

Lawrence DePauw

Edina Realty, Inc. Listed on: 08/13/2025

Edina Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,353

Year Built

  • Built in 1951

Home Design

  • Duplex

Interior Spaces

  • 1,644 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Basement Storage
  • Natural lighting in basement

Parking

  • Common or Shared Parking
  • Guest Parking

Utilities

  • Forced Air Heating System
  • Well
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for insurance, grounds care, repairs, sewer, snow removal, taxes
  • Assessor Parcel Number 3311723240010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,353

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Side by Side
  • Accessibility Features: None
  • Water Source: City Water/Connected, Well
  • Year Built: 1951
  • Above Grade Finished Sq Ft: 1644
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Daylight/Lookout Windows, Full, Storage Space, Sump Basket, Sump Pump, Unfinished
  • Living Area: 1644
  • Owner Pays: Insurance, Grounds Care, Repairs, Sewer, Snow Removal, Taxes
  • Basement YN: Yes
  • Amenities: Main Floor Primary Bedroom
  • Appliances: Dryer,Electric Water Heater,Range
  • Number Of Fireplaces: 0
  • Total Rooms: 5
  • Amenities: Main Floor Primary Bedroom
  • Appliances: Dryer,Electric Water Heater,Range
  • Total Rooms: 5
  • Number Of Fireplaces: 0

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • Fencing: None
  • ConstructionMaterialsDesc: Block,Frame

Garage/Parking

  • Parking Features: Gravel, Guest Parking, Shared Garage/Stall, Open
  • Other Parking Spaces: 4

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, Fuses
  • Fuel: Natural Gas
  • Number of Ranges: One Per Unit

Schools

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

Lot Info

  • Topography: Level
  • Lot Size: 36155 SF
  • Land Lease: No
  • Lot Features: Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Fiber Cement
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 3311723240010
  • Tax Annual Amount: 4353
  • TaxWithAssessments: 4353.0000

Multi Family

  • TenantPays: All Utilities
  • Number Of Refrigerators: One Per Unit

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2025 09/04/25 Sold $390,000 -2.5% $237 / Sq Ft
08/21/2025 08/21/25 Pending -- -- --
08/15/2025 08/15/25 For Sale $400,000 -- $243 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6769624

NorthstarMLS

APN: 33-117-23-24-0010