Seller's Agent in 2025
Stephanie Spading
Edina Realty, Inc.
(952) 454-0786
2 in this area
69 Total Sales
2670 Pheasant Rd Excelsior, MN 55331
5
Beds
3.5
Baths
4,223
Sq Ft
0.95
Acres
Highlights
- 90 Feet of Waterfront
- Beach Access
- Family Room with Fireplace
- Shirley Hills Primary School Rated A
- Deck
- Sauna
About This Home
As of April 2025Introducing an exceptional custom-built walkout rambler on the serene shores of Lake Minnetonka, offering the ultimate lakeside lifestyle. Set on nearly an acre with 90 feet of private shoreline, a private dock, and a slip, this new construction offers an exclusive opportunity for waterfront living. Located on a quiet inlet off Carman Bay, renowned for its crystal-clear waters, the home strikes a perfect balance of tranquility and recreational potential. Designed for seamless living and entertaining, the open-concept main level boasts a chef-inspired gourmet kitchen with high-end appliances, custom cabinetry, and a large island, all flowing into the vaulted living room with a gas fireplace. Stunning lake views from this space make it the ideal place to relax or host guests. The main floor also features a private office and a luxurious primary suite with panoramic views, a spa-like bath, and a walk-in closet — a true retreat. The walkout lower level offers three spacious bedrooms, each with ample closet space, plus a cozy family room with a fireplace. The wet bar adds convenience for entertaining, while the recreational space is perfect for billiards or ping pong. A fully equipped home gym and sauna create an oasis for wellness. The flat backyard extends to the water’s edge, offering direct lake access and a firepit for evening gatherings by the water. Whether launching a boat, enjoying sunset views, or relaxing lakeside, the outdoor spaces are designed to integrate seamlessly with the natural beauty of the surroundings. Carman Bay’s peaceful waters are perfect for water sports, and nearby trails and parks offer opportunities to explore nature. Just minutes from the vibrant communities of Spring Park, Wayzata, and Excelsior, this home provides easy access to dining, shopping, and entertainment. This is a rare chance to own a custom-designed lakefront home on one of Minnesota’s most sought-after lakes. Experience unmatched lakeside living!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $16,251
Year Built
- Built in 2023
Lot Details
- 0.95 Acre Lot
- Lot Dimensions are 120x399x90xx385
- 90 Feet of Waterfront
- Lake Front
Parking
- 3 Car Attached Garage
- Heated Garage
- Garage Door Opener
Interior Spaces
- 1-Story Property
- Entrance Foyer
- Family Room with Fireplace
- 2 Fireplaces
- Living Room with Fireplace
- Home Office
- Game Room
- Home Gym
Kitchen
- Built-In Oven
- Cooktop
- Microwave
- Freezer
- Dishwasher
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 5 Bedrooms
Laundry
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Sump Pump
- Drain
- Basement Storage
- Basement Window Egress
Outdoor Features
- Beach Access
- Deck
- Porch
Utilities
- Forced Air Heating and Cooling System
- Humidifier
Listing and Financial Details
- Assessor Parcel Number 2111723230021
Community Details
Overview
- No Home Owners Association
- Pheasant Lawn Subdivision
Amenities
- Sauna
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 11, 2025
Closed on
Apr 17, 2025
Sold by
Wyatt Jeannette L and Wyatt Timothy O
Bought by
Peterson David and Peterson Katina M
Seller's Agent
Stephanie Spading
Edina Realty, Inc.
Buyer's Agent
Allison Errickson
Edina Realty, Inc.
List Price
$2,400,000
Sold Price
$2,100,000
Premium/Discount to List
-$300,000
-12.5%
Views
57
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,475
Avg. Annual Appreciation
6.73%
Original Mortgage
$1,680,000
Outstanding Balance
$1,672,514
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$496,961
Purchase Details
Closed on
May 10, 2021
Sold by
Johnson Susan J and Johsnon Raymond E
Bought by
Wyatt Jeannette L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
3.1%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,100,000 | Watermark Title | |
| Warranty Deed | $1,050,000 | Burnet Title | |
| Deed | $1,050,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,680,000 | New Conventional | |
| Previous Owner | $630,000 | New Conventional | |
| Closed | $630,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/17/2025 04/17/25 | Sold | $2,100,000 | -6.7% | $497 / Sq Ft |
| 03/21/2025 03/21/25 | Pending | -- | -- | -- |
| 02/22/2025 02/22/25 | Price Changed | $2,250,000 | -6.3% | $533 / Sq Ft |
| 02/11/2025 02/11/25 | For Sale | $2,400,000 | -- | $568 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $18,538 | $1,760,700 | $793,600 | $967,100 |
| 2023 | $16,251 | $1,599,200 | $770,600 | $828,600 |
| 2022 | $7,487 | $1,018,000 | $617,000 | $401,000 |
| 2021 | $7,309 | $721,000 | $474,000 | $247,000 |
| 2020 | $8,813 | $698,000 | $456,000 | $242,000 |
| 2019 | $6,970 | $650,000 | $415,000 | $235,000 |
| 2018 | $9,801 | $622,000 | $391,000 | $231,000 |
| 2017 | $8,933 | $593,000 | $391,000 | $202,000 |
| 2016 | $8,119 | $559,000 | $374,000 | $185,000 |
| 2015 | $7,832 | $542,000 | $357,000 | $185,000 |
| 2014 | -- | $525,000 | $357,000 | $168,000 |
Source: Public Records
Agents Affiliated with this Home
-
Stephanie Spading
-
Cari Ann Carter
Seller Co-Listing Agent in 2025
Cari Ann Carter
Edina Realty, Inc.
(612) 926-9999
3 in this area
426 Total Sales
-
Allison Errickson
Buyer's Agent in 2025
Allison Errickson
Edina Realty, Inc.
(952) 475-2411
1 in this area
26 Total Sales
-
Cassie Frick
Buyer Co-Listing Agent in 2025
Cassie Frick
Edina Realty, Inc.
(612) 237-4460
1 in this area
217 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6658360
APN: 21-117-23-23-0021
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