$1,255,000
SOLD SEP 19, 2025

4 1st St Excelsior, MN 55331

3 Beds
2.5 Baths
1,925 Sq Ft
$150/mo HOA Fee

Recently Sold

$652 Per Sq Ft

3% Below List Price

9 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 135 Feet of Waterfront
  • Beach
  • Excelsior Elementary School Rated A+
  • Dock Facilities
  • Lake View

About This Home

As of September 2025

Extremely rare opportunity to own a spacious townhome just steps from “A-grade” Gideon’s Bay on iconic Lake Minnetonka in Downtown Excelsior! All three townhome owners are able to have a boat slip, and with none currently in use, the new owner can dock their boat immediately in the installed slip—no wait. Enjoy exceptional hard sand shoreline & private beach—complete with front-row views of the spectacular 4th of July fireworks. From the moment you walk in, you're greeted by panoramic lake views and inviting living spaces, including multiple seating areas perfect for entertaining or relaxing with a large paver patio outside. The kitchen features rich hardwood cabinetry, granite countertops, and a layout that flows seamlessly into the main living areas. Upstairs, you'll find three generously sized bedrooms—all conveniently located on the same level—with stunning lake views from every room. Ideally located within walking distance to The Commons, Downtown Excelsior boutique shops & restaurants, and the Lake Minnetonka Regional Trail. Pet-friendly. No rentals. Bring your boat + boat lift, family + friends—Lake Life is calling—don’t miss this rare Excelsior lake gem!

Last Agent to Sell the Property

Dominic Jankowski

Coldwell Banker Realty Brokerage Phone: 612-961-6995 Listed on: 07/28/2025

Coldwell Banker Realty

Last Buyer's Agent

Timothy Beduhn

Coldwell Banker Realty

Coldwell Banker Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $12,389

Year Built

  • Built in 1974

Lot Details

  • 1,307 Sq Ft Lot
  • 135 Feet of Waterfront
  • Lake Front
  • Cul-De-Sac
  • Few Trees

HOA Fees

  • $150 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,925 Sq Ft Home
  • 2-Story Property
  • Two Way Fireplace
  • Gas Fireplace
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Lake Views

Kitchen

  • Walk-In Pantry
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Outdoor Features

  • Deeded Waterfront Access Rights
  • Dock Facilities
  • Patio

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 2711723430025

Community Details

Overview

  • Association fees include dock, hazard insurance, lawn care, snow removal
  • Cheryl Plaziak Association, Phone Number (952) 393-6223
  • Gideon Bay Townhomes Subdivision

Recreation

  • Beach

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$12,389

Year Built

Built in 1974

Lot Details

0

HOA Fees

$150 per month

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Townhouse Side x Side
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Association Amenities: Beach, Dock
  • Fee Frequency: Monthly
  • Year Built: 1974
  • Above Grade Finished Sq Ft: 1925
  • Water Body Name: Minnetonka
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Attribution Contact: 612-961-6995
  • Attribution Contact: 612-961-6995
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Basement: None
  • Appliances: Chandelier, Dishwasher, Microwave, Refrigerator
  • Fireplace Features: Two Sided, Gas
  • Living Area: 1925
  • Fireplace: Yes
  • Basement YN: No
  • Dining Room Type: Patio, Living Room, Informal Dining Room, Kitchen, Pantry (Walk-In), Foyer, Laundry, Bedroom 1, Bedroom 2, Bedroom 3, Walk In Closet, Primary Bathroom, Bathroom

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Roof: Asphalt
  • View: Bay, Lake
  • PatioPorchType: Patio
  • Lake Bottom: Hard,Excellent Sand
  • LakeChain: N
  • Waterfront Frontage: 135

Garage/Parking

  • Parking Features: Attached Garage, Asphalt, Finished Garage, Garage Door Opener

Utilities

  • Heating: Forced Air, Fireplace(s)
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Dock, Hazard Insurance, Lawn Care, Snow Removal
  • Phone: 952-393-6223
  • Association Fee: 150
  • Association: Yes
  • Amenities Unit: Dock,Hardwood Floors,Patio,Boat Slip,Washer/Dryer Hookup

Association/Amenities

  • HOA Management Co: Cheryl Plaziak

Schools

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

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: Yes
  • Lot Size: 135' of lakeshore/common
  • Lot Size Sq Ft: 1306.8
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Public Transit (w/in 6 blks), Some Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 2711723430025
  • Tax Annual Amount: 12389
  • TaxWithAssessments: 12390.0000

Multi Family

  • WaterfrontFeatures: Association Access, Deeded Access, Dock, Lake Front, Lake View

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2025
Closed on
Sep 17, 2025
Sold by
Larson Matthew Ramsey and Larson Brenna
Bought by
Radewald Vern and Radewald Laura
Seller's Agent
Dominic Jankowski
Coldwell Banker Realty
Buyer's Agent
Timothy Beduhn
Coldwell Banker Realty
List Price
$1,295,000
Sold Price
$1,255,000
Premium/Discount to List
-$40,000
-3.09%
Views
59
Current Estimated Value
$1,257,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,174
Avg. Annual Appreciation
0.69%
Original Mortgage
$1,000,000
Outstanding Balance
$1,000,000
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$257,174

Purchase Details

Closed on
Jul 29, 2024
Sold by
Mervin and Mervin Melissa Larson
Bought by
Larson Matthew Ramsey

Purchase Details

Closed on
Jan 7, 2019
Sold by
Larson Melissa Faye Ramsey and Larson Mervin Floyd
Bought by
Mervin and Melissa Larson Revocable Livi

Purchase Details

Closed on
Sep 19, 2016
Sold by
Ramsey Charles M
Bought by
Larson Melissa Faye Ramsey

Purchase Details

Closed on
Aug 19, 2016
Sold by
Tiernan Linda Bradley and Mount Carol M
Bought by
Larson Melissa Faye Ramsey
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,255,000 Burnet Title
Deed $500 None Listed On Document
Warranty Deed -- None Available
Warranty Deed -- Attorney
Deed -- Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,000,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2025 09/19/25 Sold $1,255,000 -3.1% $652 / Sq Ft
08/10/2025 08/10/25 Pending -- -- --
08/01/2025 08/01/25 For Sale $1,295,000 -- $673 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

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 $12,390 $951,200 $632,000 $319,200
2023 $11,101 $884,300 $560,000 $324,300
2022 $8,515 $780,000 $466,000 $314,000
2021 $7,525 $629,000 $370,000 $259,000
2020 $7,483 $566,000 $352,000 $214,000
2019 $7,450 $548,000 $340,000 $208,000
2018 $7,054 $546,000 $340,000 $206,000
2017 $6,506 $514,000 $340,000 $174,000
2016 $6,466 $501,000 $336,000 $165,000
2015 $5,937 $440,000 $275,000 $165,000
2014 -- $404,000 $250,000 $154,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6752598

NorthstarMLS

APN: 27-117-23-43-0025