NOT LISTED FOR SALE

511 2nd St Unit 3 Excelsior, MN 55331

3 Beds
3.5 Baths
2,552 Sq Ft
8,276 Sq Ft Lot

Highlights

  • Living Room with Fireplace
  • No HOA
  • Stainless Steel Appliances
  • Excelsior Elementary School Rated A+
  • Covered Patio or Porch
  • Lobby

About This Home

As of September 2025

Located in the heart of charming downtown Excelsior, Lake House Condominiums offers the epitome of luxury turn-key condo living. This exquisite condo offers 3 bedrooms and 4 bathrooms, spanning an impressive 2,552 square feet. Impressive high-end finishes, fixtures, and craftsmanship throughout. Highlights include beautiful wide-plank hardwood floors, Thermador SS appliances, large center island with a waterfall edge, custom cabinetry, custom closet systems, en-suite bedrooms, and designer bath and lighting fixtures. Ideal entertaining spots inside by the wet bar or pass through the 12' accordion doors to the covered balcony with gas fireplace. Enjoy lake views and the ease of being near all the exciting restaurants, shopping and community events in Excelsior. Unit comes furnished except the barstools, bedroom furniture/beds. One pet is allowed under 75lbs.

Last Agent to Rent the Property

Beth Ulrich

Compass Listed on: 07/11/2025

Compass

Co-Listed By

Chelsey Ulrich

Compass

Last Renter's Agent

NON-RMLS NON-RMLS

Non-MLS

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 2023

Lot Details

  • 8,276

Parking

  • 3 Car Garage
  • Heated Garage
  • Garage Door Opener

Interior Spaces

  • 2,552 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • 2 Fireplaces
  • Combination Dining and Living Room

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan

Additional Features

  • Accessible Elevator Installed
  • Covered Patio or Porch

Listing and Financial Details

  • Property Available on 7/11/25
  • Tenant pays for cable TV, electricity, gas
  • The owner pays for trash collection, water
  • Assessor Parcel Number 3511723220195

Community Details

Overview

  • No Home Owners Association
  • Low-Rise Condominium

Amenities

  • Lobby

Condo Details

Home Type

Condominium

Year Built

Built in 2023

Lot Details

0

Parking

3

Rental Info

  • Furnished: Furnished
  • Available Date: 2025-07-11
  • Lease Price: 8900
  • ApplicationFee: 50
  • SecurityDeposit: 8900
  • SmokingPermitted: N

Listing Details

  • Type: Residential Lease
  • Property Subtype 1: Low Rise
  • Cooling System: Central Air
  • Garage Spaces: 3
  • Accessibility Features: Accessible Elevator Installed
  • Fireplaces: 2
  • Water Source: City Water/Connected
  • Association Amenities: Elevator(s), Lobby Entrance
  • Year Built: 2023
  • Above Grade Finished Sq Ft: 2552
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Special Features: 4098
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer, Wine Cooler
  • Fireplace Features: Gas, Living Room, Other
  • Living Area: 2552
  • Fireplace: Yes
  • Owner Pays: Other, Trash Collection, Water
  • Basement YN: No

Beds/Baths

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

Exterior Features

  • PatioPorchType: Covered, Other

Garage/Parking

  • Parking Features: Assigned, Garage Door Opener, Heated Garage, Parking Garage

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • LaundryFeatures: Main Level, In Unit
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Balcony, Hardwood Floors, Kitchen Center Island, Primary Bedroom Walk-In Closet, Main Floor Primary Bedroom, Wet Bar, Walk-In Closet

Schools

  • Junior High Dist: Minnetonka
  • SchoolDistrictPhone: 9524015000

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: Common
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • Yearly/Seasonal: Yearly

Tax Info

  • Assessor Parcel Number: 3511723220195

Multi Family

  • TenantPays: Cable TV, Electricity, Gas
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2025 08/26/25 Off Market $8,900 -- --
07/11/2025 07/11/25 For Rent $8,900 -- --
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 $78,016 $5,396,000 $1,155,000 $4,241,000
2023 $34,019 $2,435,000 $1,155,000 $1,280,000
2022 $9,723 $626,000 $626,000 $0
2021 $14,532 $627,000 $626,000 $1,000
2020 $14,139 $461,000 $460,000 $1,000
2019 $12,749 $435,000 $434,000 $1,000
2018 $8,637 $383,000 $330,000 $53,000
2017 $8,831 $277,000 $235,000 $42,000
2016 $8,320 $256,800 $216,000 $40,800
2015 $8,628 $256,800 $216,000 $40,800
2014 -- $236,800 $196,000 $40,800
Source: Public Records

Map

Source: NorthstarMLS

MLS Number: 6753257

NorthstarMLS

APN: 35-117-23-22-0186