$1,250,000
SOLD AUG 22, 2025

475 Lakeview Ave Excelsior, MN 55331

1 Bed
2 Baths
1,520 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$822 Per Sq Ft

11% Below List Price

48 Days on Market

Highlights

  • 40 Feet of Waterfront
  • Beach Access
  • Vaulted Ceiling
  • Minnewashta Elementary School Rated A
  • Lake View
  • 2 Fireplaces

About This Home

As of August 2025

Opportunity knocks. Offered for the first time in over 50 years. Nestled on a secluded no-outlet road, this unique lake home offers the perfect blend of tranquility, charm, and untapped potential. Just steps away from the water’s edge with 40 feet of South facing lakeshore on Gideon's Bay, boasting breathtaking panoramic lake views.
Enjoy the spacious screened-in deck, designed to soak in the scenery year-round. Inside, the home features vaulted ceilings, skylights, hardwood floors, and a cozy fireplace, all enhanced by a unique open floor plan that’s perfect for entertaining or unwinding.
Whether you're looking for a serene getaway, a renovation opportunity, or a dream rebuild, this property is poised with potential. Located just minutes from Downtown Excelsior, shopping and everyday amenities, yet worlds away from the hustle, this is your chance to own a slice of lakeside paradise. Don’t miss this rare opportunity to create your perfect lakefront lifestyle.

Last Agent to Sell the Property

Kerby Skurat

RE/MAX Results Listed on: 06/14/2025

RE/MAX Results

Co-Listed By

Amanda Lease

RE/MAX Results

Last Buyer's Agent

Sarah Polovitz

Compass

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,043

Year Built

  • Built in 1965

Lot Details

  • 6,970 Sq Ft Lot
  • 40 Feet of Waterfront
  • Lake Front
  • Street terminates at a dead end
  • Many Trees

Parking

  • 2 Car Garage

Home Design

  • Flex
  • Pitched Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Vaulted Ceiling
  • 2 Fireplaces
  • Decorative Fireplace
  • Gas Fireplace
  • Lake Views

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • The kitchen features windows

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Sump Pump
  • Basement Window Egress

Outdoor Features

  • Beach Access

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Minnetonka Lake Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2711723320016

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,043

Year Built

Built in 1965

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 2
  • Water Source: City Water/Connected
  • Year Built: 1965
  • Above Grade Finished Sq Ft: 928
  • Water Body Name: Minnetonka
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Egress Window(s), Partially Finished, Sump Pump, Tile Shower
  • Appliances: Dryer, Microwave, Range, Refrigerator, Washer
  • Fireplace Features: Decorative, Gas
  • Living Area: 1520
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 592
  • Basement YN: Yes
  • Dining Room Type: Flex Room, Bedroom 1, Kitchen

Beds/Baths

  • Total Bedrooms: 1
  • Three Quarter Bathrooms: 2

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt, Pitched
  • PoolFeatures: None
  • Fencing: None
  • View: Bay, Lake, South
  • PatioPorchType: Covered,Deck,Screened
  • Lake Bottom: Hard,Sand
  • LakeChain: N
  • Waterfront Frontage: 40

Garage/Parking

  • Parking Features: Detached, Concrete

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Deck,Hardwood Floors,Kitchen Window,Panoramic View,Skylight,Vaulted Ceiling(s),Washer/Dryer Hookup

Schools

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

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: IRREGULAR
  • Lot Size Sq Ft: 6969.6
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 2711723320016
  • Tax Annual Amount: 16043
  • TaxWithAssessments: 16043.0600

Multi Family

  • WaterfrontFeatures: Lake Front, Lake View

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2025
Closed on
Aug 19, 2025
Sold by
Todd Daniel Williams Trust and Williams Todd Daniel
Bought by
David J Menke Trust and Menke
Seller's Agent
Kerby Skurat
RE/MAX Results
Buyer's Agent
Sarah Polovitz
Compass
List Price
$1,399,000
Sold Price
$1,250,000
Premium/Discount to List
-$149,000
-10.65%
Views
80
Current Estimated Value
$1,330,084

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,084
Avg. Annual Appreciation
19.41%
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 Type Sale Price Title Company
Deed $1,250,000 Watermark Title
Quit Claim Deed $500 Watermark Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2025 08/22/25 Sold $1,250,000 0.0% $822 / Sq Ft
08/01/2025 08/01/25 Pending -- -- --
07/26/2025 07/26/25 Off Market $1,250,000 -- --
07/25/2025 07/25/25 Price Changed $1,349,000 -3.6% $888 / Sq Ft
06/14/2025 06/14/25 For Sale $1,399,000 -- $920 / 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 $16,043 $1,320,500 $1,229,500 $91,000
2023 $13,439 $1,087,500 $1,024,600 $62,900
2022 $10,989 $900,000 $840,000 $60,000
2021 $10,180 $881,000 $839,000 $42,000
2020 $10,607 $813,000 $776,000 $37,000
2019 $9,747 $735,000 $699,000 $36,000
2018 $10,397 $738,000 $699,000 $39,000
2017 $9,058 $686,000 $640,000 $46,000
2016 $8,574 $644,000 $600,000 $44,000
2015 $7,966 $604,000 $560,000 $44,000
2014 -- $560,000 $520,000 $40,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6730566

NorthstarMLS

APN: 27-117-23-32-0016