511 2nd St Unit 3 Excelsior, MN 55331
Excelsior AreaEstimated payment $15,921/month
Highlights
- Deck
- Covered Patio or Porch
- The kitchen features windows
- Living Room with Fireplace
- Stainless Steel Appliances
- Eat-In Kitchen
About This Home
Welcome to Lake House #3, an exceptional luxury residence in the heart of Excelsior, just moments from the shores of Lake Minnetonka. Designed for effortless, turn-key living, this stunning condominium blends refined craftsmanship with elevated modern design. The home showcases impeccable finishes throughout, including wide-plank hardwood floors, custom cabinetry, and striking 9.5-foot coffered ceilings. The gourmet kitchen is a true centerpiece, featuring Thermador stainless steel appliances, a quartz waterfall-edge island, and a walk-in pantry with custom organizational shelving. A stylish wet bar with a dual-zone beverage center enhances the home’s entertaining appeal. Seamless indoor-outdoor living is achieved with a dramatic 12-foot accordion door that opens to a lakeside three-season porch with a wood-paneled ceiling, gas fireplace, and breathtaking 180-degree views. The luxurious primary suite offers a spacious walk-in closet with in-unit laundry, along with a spa-like bath featuring heated floors, dual vanities, a soaking tub, and a separate walk-in shower. Each additional bedroom includes its own en-suite bath and custom closet system. Thoughtful conveniences continue with three heated garage stalls, EV charging capability, and ample storage. Enjoy unparalleled walkability to Excelsior’s vibrant dining, shopping, and year-round community events, along with nearby attractions like the Excelsior Commons and regional trails.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $28,041
Year Built
- Built in 2023
HOA Fees
- $1,869 Monthly HOA Fees
Parking
- 3 Car Garage
- Electric Vehicle Home Charger
- Parking Storage or Cabinetry
- Heated Garage
- Tuck Under Garage
- Common or Shared Parking
- Garage Door Opener
- Guest Parking
- Parking Garage Space
- Secure Parking
Home Design
- Stone Exterior Construction
Interior Spaces
- 2,552 Sq Ft Home
- 1-Story Property
- Gas Fireplace
- Living Room with Fireplace
- 2 Fireplaces
- Combination Dining and Living Room
Kitchen
- Eat-In Kitchen
- Built-In Oven
- Cooktop
- Microwave
- Dishwasher
- Wine Cooler
- Stainless Steel Appliances
- Disposal
- The kitchen features windows
Bedrooms and Bathrooms
- 3 Bedrooms
- Soaking Tub
Laundry
- Laundry on main level
- Dryer
- Washer
Accessible Home Design
- Accessible Elevator Installed
Outdoor Features
- Deck
- Covered Patio or Porch
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
Listing and Financial Details
- Assessor Parcel Number 3511723220195
Community Details
Overview
- Association fees include internet, parking, sanitation, shared amenities
- Pending Association, Phone Number (612) 296-0900
- Low-Rise Community
Amenities
- Lobby
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/27/2026 07/27/26 | Price Changed | $2,150,000 | -5.5% | $842 / Sq Ft |
| 06/10/2026 06/10/26 | For Sale | $2,275,000 | 0.0% | $891 / Sq Ft |
| 08/26/2025 08/26/25 | Off Market | $8,900 | -- | -- |
| 07/11/2025 07/11/25 | For Rent | $8,900 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,950,000 | Commercial Partners Title | |
| Deed | $1,950,000 | -- | |
| Deed | $2,465,060 | -- | |
| Warranty Deed | $2,465,058 | Commercial Partners Title | |
| Special Warranty Deed | $500 | Commercial Partners Title | |
| Quit Claim Deed | $3,000 | Commercial Partners Title | |
| Quit Claim Deed | $500 | New Title Company Name | |
| Special Warranty Deed | $675,000 | Custom Home Builders Title | |
| Special Warranty Deed | $675,000 | Custom Home Builders Title | |
| Limited Warranty Deed | $410,000 | Custom Home Builders Title |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,420,000 | Credit Line Revolving | |
| Previous Owner | $1,000,000 | New Conventional | |
| Previous Owner | $100,000 | New Conventional | |
| Previous Owner | $1,000,000 | New Conventional | |
| Previous Owner | $6,150,000 | Construction | |
| Closed | $540,000 | Purchase Money Mortgage | |
| Previous Owner | $353,250 | Commercial |
Source: NorthstarMLS
MLS Number: 7038770
APN: 35-117-23-22-0186
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