NOT LISTED FOR SALE

45 Lakeview Ave Excelsior, MN 55331

Estimated Value: $1,894,000 - $3,320,000

1 Bed
2 Baths
1,353 Sq Ft
$1,928/Sq Ft Est. Value

Sale Details

Date Sold: April 16, 2025

Last sale price $1,250,000 $924 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $16,351 / mo

196 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Beach Access
  • 2 Car Attached Garage
  • Minnewashta Elementary School Rated A
  • No HOA
  • Side Porch

About This Home

As of April 2025

Discover the perfect blend of natural beauty and prime location at 45 Lakeview. This unique property, available as a single-family home site or a prime lot for future development, offers breathtaking views overlooking Echo Bay on this northeast facing lot on Lake Minnetonka. Enjoy 100 feet of shoreline and serene vistas of historic Big Island right from your future home. Whether you're looking to build your dream residence or invest in a piece of land with exceptional potential, this site provides endless possibilities. Don't miss this rare opportunity to own a piece of Lake Minnetonka's coveted shoreline. ENorth East facing lakeshore on Echo Bay. Build your dream home!

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,725

Year Built

  • Built in 1948

Lot Details

  • 100 Feet of Waterfront
  • Lake Front
  • Few Trees

Parking

  • 2 Car Attached Garage

Home Design

  • Cabin
  • Frame Construction
  • Block Exterior
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • Wood Burning Fireplace
  • Dining Room
  • Washer Hookup
  • Partially Finished Basement

Kitchen

  • Range
  • Freezer

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Outdoor Features

  • Beach Access
  • Side Porch

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Auditors Sub 113 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2711723240123

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,725

Year Built

Built in 1948

Lot Details

9,148 Sq Ft Lot

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family
  • Cooling System: Central Air
  • Outside Features: Stucco
  • Garage Spaces: 2
  • Accessibility Features: Other
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Year Built: 1948
  • Above Grade Finished Sq Ft: 902
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Concrete, Partially Finished
  • Appliances: Freezer, Range, Refrigerator
  • Fireplace Features: Wood Burning
  • Living Area: 1353
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 451
  • Basement YN: Yes

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 1

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • PoolFeatures: None
  • Fencing: None
  • View: Bay, East, Lake, North, Panoramic
  • PatioPorchType: Side Porch
  • Lake Bottom: Sand
  • Elevation Highpoint to Waterfront Feet: 4-10
  • Waterfront Frontage: 100

Garage/Parking

  • Parking Features: Attached Garage, Concrete

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • LaundryFeatures: Washer Hookup
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Power Company: Xcel Energy

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: None

Schools

  • Junior High Dist: Minnetonka
  • SchoolDistrictPhone: 9524015000

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 100LakeX103X102RearX78
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Tree Coverage - Light
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Seasonal

Building Info

  • Construction Materials: Block, Concrete, Frame

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 2711723240123
  • Tax Annual Amount: 20725
  • TaxWithAssessments: 20725

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2024
Closed on
Apr 15, 2025
Sold by
Koivisto James E
Bought by
Ivy Rose Revocable Trust
List Price
$1,295,000
Sold Price
$1,250,000
Premium/Discount to List
-$45,000
-3.47%
Views
94
Current Estimated Value
$2,659,304

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,409,304
Avg. Annual Appreciation
104.30%

Purchase Details

Closed on
Jan 22, 1999
Sold by
Bengtson Filmore J
Bought by
Koivisto James E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Buyer Sale Price Title Company
Ivy Rose Revocable Trust $1,250,000 Central Land Title
Koivisto James E $142,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/16/2025 04/16/25 Sold $1,250,000 0.0% $924 / Sq Ft
04/16/2025 04/16/25 Sold $1,250,000 -3.5% $1,386 / Sq Ft View Prior Sale
03/10/2025 03/10/25 Pending -- -- --
03/10/2025 03/10/25 Pending -- -- --
02/26/2025 02/26/25 Price Changed $1,295,000 0.0% $957 / Sq Ft
02/26/2025 02/26/25 For Sale $1,295,000 0.0% $957 / Sq Ft
02/26/2025 02/26/25 Price Changed $1,295,000 0.0% $1,436 / Sq Ft
02/26/2025 02/26/25 For Sale $1,295,000 +3.6% $1,436 / Sq Ft
12/06/2024 12/06/24 Off Market $1,250,000 -- --
12/06/2024 12/06/24 Off Market $1,250,000 -- --
11/20/2024 11/20/24 Price Changed $1,349,000 0.0% $997 / Sq Ft
11/20/2024 11/20/24 Price Changed $1,349,000 -9.8% $1,496 / Sq Ft
10/14/2024 10/14/24 Price Changed $1,495,000 0.0% $1,657 / Sq Ft
10/14/2024 10/14/24 Price Changed $1,495,000 -6.3% $1,105 / Sq Ft
09/20/2024 09/20/24 Price Changed $1,595,000 0.0% $1,768 / Sq Ft
09/20/2024 09/20/24 Price Changed $1,595,000 -11.1% $1,179 / Sq Ft
09/04/2024 09/04/24 Price Changed $1,795,000 0.0% $1,327 / Sq Ft
09/04/2024 09/04/24 Price Changed $1,795,000 -10.0% $1,990 / Sq Ft
08/26/2024 08/26/24 For Sale $1,995,000 0.0% $1,475 / Sq Ft
08/23/2024 08/23/24 For Sale $1,995,000 -- $2,212 / Sq Ft
Source: NorthstarMLS

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 $25,850 $2,079,900 $2,077,300 $2,600
2023 $20,725 $1,773,400 $1,731,100 $42,300
2022 $13,245 $1,438,000 $1,385,000 $53,000
2021 $12,377 $1,046,000 $1,004,000 $42,000
2020 $11,738 $972,000 $928,000 $44,000
2019 $10,677 $884,000 $836,000 $48,000
2018 $10,161 $801,000 $760,000 $41,000
2017 $9,522 $717,000 $675,000 $42,000
2016 $9,639 $714,000 $675,000 $39,000
2015 $9,083 $677,000 $638,000 $39,000
2014 -- $596,000 $563,000 $33,000
Source: Public Records

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Map

Source: NorthstarMLS

MLS Number: 6592290

NorthstarMLS

APN: 27-117-23-24-0123

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