Seller's Agent in 2025
Jessica M. Jacobson
Keller Williams Premier Realty Lake Minnetonka
(612) 695-7060
19 Total Sales
4940 Meadville St Excelsior, MN 55331
4
Beds
6
Baths
5,963
Sq Ft
0.45
Acres
Highlights
- 128 Feet of Waterfront
- Guest House
- Deck
- Excelsior Elementary School Rated A
- Fireplace in Primary Bedroom
- Hearth Room
About This Home
As of July 2023Once in a lifetime opportunity to own 128 feet of premium northwest facing, A-quality frontage on Lake Minnetonka. A design-build collaboration between architect Mike Sharratt and luxury home builder Steiner & Koppelman, this English Cotswold home boasts four bedrooms and six bathrooms across 5,963 finished square feet. The front door opens to reveal a vaulted great room with spectacular views. Highlighting the main floor is a renovated kitchen, hearth room, dining room, home office and luxurious primary bedroom suite. The upper-level offers two junior suites. The lower level showcases a pub-style family room, wet bar and billiards room. An elevator services all three levels. The detached guest house features one bedroom, one bathroom and a kitchenette. Manicured grounds lead the way to the lakeside deck perfectly perched to deliver panoramic views across Lake Minnetonka. The original boathouse provides lakeside storage. Walk to charming Excelsior for shopping and lakeside dining.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $56,930
Year Built
- Built in 1995
Lot Details
- 0.45 Acre Lot
- 128 Feet of Waterfront
- Lake Front
Parking
- 3 Car Attached Garage
- Heated Garage
- Tuck Under Garage
- Insulated Garage
- Garage Door Opener
Interior Spaces
- 2-Story Property
- Wet Bar
- Central Vacuum
- Wood Burning Fireplace
- Stone Fireplace
- Brick Fireplace
- Family Room with Fireplace
- 4 Fireplaces
- Great Room
- Living Room with Fireplace
- Dining Room
- Home Office
- Loft
Kitchen
- Hearth Room
- Built-In Double Oven
- Cooktop
- Microwave
- Dishwasher
- Trash Compactor
- Disposal
- The kitchen features windows
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- Fireplace in Primary Bedroom
Laundry
- Dryer
- Washer
Finished Basement
- Sump Pump
- Drain
- Basement Storage
- Natural lighting in basement
Outdoor Features
- Deck
- Patio
Utilities
- Forced Air Heating and Cooling System
- Humidifier
- Well
Additional Features
- Air Exchanger
- Guest House
Listing and Financial Details
- Assessor Parcel Number 2611723240003
Community Details
Overview
- No Home Owners Association
- Auditors Sub 141 Subdivision
Amenities
- Billiard Room
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 1, 2023
Closed on
Jul 31, 2023
Sold by
Jetland James K and Jetland Mary M
Bought by
Larson W D
Seller's Agent
Sarah Polovitz
Compass
Buyer's Agent
Jessica M. Jacobson
Keller Williams Premier Realty Lake Minnetonka
List Price
$5,750,000
Sold Price
$5,050,000
Premium/Discount to List
-$700,000
-12.17%
Views
22
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.25%
Purchase Details
Closed on
Feb 2, 2006
Sold by
Hayer Dolliff Norma B
Bought by
Jetland James K and Jetland Mary M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.2%
Mortgage Type
New Conventional
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $5,050,000 | Burnet Title | |
| Warranty Deed | $3,600,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,339,000 | New Conventional | |
| Previous Owner | $650,000 | Credit Line Revolving | |
| Previous Owner | $400,000 | Credit Line Revolving | |
| Previous Owner | $1,300,000 | New Conventional | |
| Previous Owner | $1,100,000 | New Conventional | |
| Previous Owner | $1,000,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/11/2025 09/11/25 | Price Changed | $4,999,995 | -3.8% | $839 / Sq Ft |
| 08/15/2025 08/15/25 | For Sale | $5,200,000 | +3.0% | $872 / Sq Ft |
| 07/31/2023 07/31/23 | Sold | $5,050,000 | -12.2% | $847 / Sq Ft |
| 07/26/2023 07/26/23 | Pending | -- | -- | -- |
| 06/15/2023 06/15/23 | For Sale | $5,750,000 | +13.9% | $964 / Sq Ft |
| 06/03/2023 06/03/23 | Off Market | $5,050,000 | -- | -- |
| 06/02/2023 06/02/23 | For Sale | $5,750,000 | -- | $964 / 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 |
|---|---|---|---|---|
| 2023 | $63,182 | $5,461,600 | $3,519,600 | $1,942,000 |
| 2022 | $46,551 | $4,851,000 | $3,289,000 | $1,562,000 |
| 2021 | $46,566 | $3,583,000 | $2,519,000 | $1,064,000 |
| 2020 | $48,876 | $3,526,000 | $2,459,000 | $1,067,000 |
| 2019 | $45,344 | $3,524,000 | $2,459,000 | $1,065,000 |
| 2018 | $44,411 | $3,204,000 | $2,226,000 | $978,000 |
| 2017 | $45,148 | $3,117,000 | $2,075,000 | $1,042,000 |
| 2016 | $42,401 | $2,849,000 | $1,945,000 | $904,000 |
| 2015 | $37,974 | $2,533,000 | $1,629,000 | $904,000 |
| 2014 | -- | $2,309,000 | $1,525,000 | $784,000 |
Source: Public Records
Agents Affiliated with this Home
-
Jessica M. Jacobson
-
Sarah Polovitz
Seller's Agent in 2023
Sarah Polovitz
Compass
(612) 743-6801
394 Total Sales
-
Stafford Family Realtors
Seller Co-Listing Agent in 2023
Stafford Family Realtors
Coldwell Banker Burnet
(612) 282-6895
207 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6359345
APN: 26-117-23-24-0003
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