$4,995,000
NEW CONSTRUCTION

254 Lake St Excelsior, MN 55331

Estimated payment $27,476/month

Total Views 740
4 Beds
3.5 Baths
4,661 Sq Ft
$1,072 Price per Sq Ft

Highlights

  • New Construction
  • Heated In Ground Pool
  • Heated Floors
  • Excelsior Elementary School Rated A+
  • Lake View
  • 5-minute walk to Excelsior Commons

About This Home

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 and walk-in pantry. Spacious family room with sliding glass doors that open to the large porch with phantom screens + electronic pergola, dipping pool/hot tub and unmatched water views, creating the perfect blend of indoor + outdoor living! The upper-level offers a loft with built-ins and beverage fridge; bonus room with fireplace + lake views; office area; two guest bedrooms and spacious primary suite with spa-like bathroom (heated floors)! Lower-level featuring unparalleled amenities including the large family room + game area; wet bar with beverage fridges; exercise room; sauna and golf simulator. Extra-deep 2-car garage (heated, sink, water spigot). Ideally located in the heart of Excelsior just steps to shops, restaurants and all the amenities downtown has to offer! Truly a must see!

Listing Agent

Jeffrey Dewing

Coldwell Banker Realty Brokerage Phone: 6125970424 Listed on: 04/20/2026

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,117

Year Built

  • Built in 2024 | New Construction

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Insulated Garage

Interior Spaces

  • 2-Story Property
  • Chandelier
  • Family Room with Fireplace
  • 2 Fireplaces
  • Dining Room
  • Heated Floors
  • Lake Views
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Built-In Oven
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • The kitchen features windows

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • Heated In Ground Pool
  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Vented Exhaust Fan

Community Details

  • No Home Owners Association
  • Seamans Sub Of Lts 7 & 8 Excelsior Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3411723110134

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,117

Year Built

Built in 2024 | New Construction

Lot Details

6,970 Sq Ft Lot

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family
  • Cooling System: Central Air
  • Outside Features: Other
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 2
  • Water Source: City Water/Connected
  • Year Built: 2024
  • Above Grade Finished Sq Ft: 2983
  • Unit Levels: Two
  • New Construction: Yes
  • FractionalOwnershipYN: No
  • Attribution Contact: 6125970424
  • Special Features: 3
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Full
  • Appliances: Chandelier, Dishwasher, Dryer, Exhaust Fan, Humidifier, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer
  • Fireplace Features: Family Room
  • Living Area: 4661
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 1678
  • Basement YN: Yes

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Three Quarter Bathrooms: 2

Exterior Features

  • Roof: Age 8 Years or Less
  • PoolFeatures: Below Ground, Heated
  • Foundation Details: Other
  • PatioPorchType: Covered, Patio, Screened

Garage/Parking

  • Parking Features: Attached Garage, Heated Garage, Insulated Garage

Utilities

  • Heating: Forced Air, In-Floor Heating
  • Sewer: City Sewer/Connected
  • LaundryFeatures: Upper Level
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Exercise Room, Hardwood Floors, Hot Tub, Kitchen Center Island, Kitchen Window, Primary Bedroom Walk-In Closet, Panoramic View, Sauna, Tile Floors, Vaulted Ceiling(s), Washer/Dryer Hookup, Wet Bar, Walk-In Closet

Schools

  • Junior High Dist: Minnetonka
  • SchoolDistrictPhone: 9524015000

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: No
  • Lot Size: Irregular
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Tax Info

  • Tax Year: 2026
  • Assessor Parcel Number: 3411723110134
  • Tax Annual Amount: 14117
  • TaxWithAssessments: 14117

Multi Family

  • WaterfrontFeatures: Lake View

Map

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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
2024 $13,981 $1,063,100 $1,037,500 $25,600
2023 $10,112 $933,300 $906,300 $27,000
2022 $9,501 $786,000 $761,000 $25,000
2021 $9,130 $764,000 $761,000 $3,000
2020 $9,409 $741,000 $738,000 $3,000
2019 $11,140 $741,000 $738,000 $3,000
2018 $14,241 $847,000 $820,000 $27,000
2017 $11,530 $829,000 $639,000 $190,000
2016 $10,737 $762,000 $578,000 $184,000
2015 $9,727 $673,000 $493,000 $180,000
2014 -- $566,000 $403,000 $163,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2026 04/20/26 For Sale $4,995,000 -- $1,072 / Sq Ft
Source: NorthstarMLS

Purchase History

Date Type Sale Price Title Company
Deed $762,500 --
Deed $762,500 Watermark Title
Warranty Deed $762,500 Watermark Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $695,000 --
Warranty Deed $629,500 --
Source: Public Records

Source: NorthstarMLS

MLS Number: 7058891

NorthstarMLS

APN: 34-117-23-11-0134

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