$6,400,000

5150 Meadville St Excelsior, MN 55331

Estimated payment $36,514/month

Total Views 13,789
4 Beds
3.5 Baths
3,616 Sq Ft
$1,770 Price per Sq Ft

Highlights

  • 240 Feet of Waterfront
  • Beach Access
  • No HOA
  • Excelsior Elementary School Rated A
  • Lake View
  • Game Room

About This Home

Welcome to a rare and extraordinary opportunity to experience the ultimate Lake Minnetonka lifestyle! Perfectly situated on a prime peninsula, this property offers spectacular panoramic views spanning Excelsior Bay, Gideons Bay, Big Island, and the Lower Lake — a front-row seat to some of the lake's most breathtaking scenery.
With 240 feet of pristine shoreline, two private docks, and additional slips, this property is ideal for boating enthusiasts who want immediate access to open water and endless lake adventures. Spend your days paddleboarding, water skiing, or cruising to one of the many lakeside dining destinations — all just moments from your own backyard. As evening falls, gather with family and friends to enjoy unmatched sunset views and front-row seats to Excelsior’s 4th of July fireworks, right from your deck or patio.
Enjoy the home as-is, with its charming lake cabin feel, or envision and build your dream estate to fully capitalize on this one-of-a-kind setting. The existing home offers a flexible and inviting floor plan, with a main-level bedroom and full bath, open-concept living and family rooms featuring rich wood floors, beamed ceilings, and a cozy stone woodburning fireplace — all designed to frame and celebrate the sweeping lake views. Upstairs, the primary suite provides a private retreat complete with a full ensuite bath, along with two additional bedrooms an additional 3⁄4 bath and a convenient laundry room.
Step outside to multiple outdoor living spaces, including a deck and patio perfect for summer barbecues, morning coffee with lake breezes, or simply relaxing and taking in the peaceful surroundings. The property also offers convenient access to local trails and is an easy walk or bike ride into the heart of downtown Excelsior, where charming shops, award-winning restaurants, and vibrant community events await.

Listing Agent

Kristi Weinstock

Coldwell Banker Realty Brokerage Phone: 612-309-8332 Listed on: 06/13/2025

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,995

Year Built

  • Built in 1918

Lot Details

  • 0.4 Acre Lot
  • 240 Feet of Waterfront
  • Lake Front

Parking

  • 2 Car Attached Garage
  • Parking Storage or Cabinetry
  • Garage Door Opener
  • Guest Parking

Home Design

  • Flex
  • Shake Siding

Interior Spaces

  • 2-Story Property
  • Wood Burning Fireplace
  • Stone Fireplace
  • Family Room with Fireplace
  • Living Room
  • Game Room
  • Lake Views

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal
  • The kitchen features windows

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Outdoor Features

  • Beach Access

Utilities

  • Forced Air Heating and Cooling System
  • Well

Community Details

  • No Home Owners Association
  • Auditors Sub 141 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2611723320010

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,995

Year Built

Built in 1918

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: 1
  • Water Source: Well
  • Year Built: 1918
  • Above Grade Finished Sq Ft: 3111
  • Water Body Name: Minnetonka
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Attribution Contact: 612-309-8332
  • Attribution Contact: 612-309-8332
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Full, Partially Finished, Sump Pump
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Wall Oven, Washer
  • Fireplace Features: Family Room, Stone, Wood Burning
  • Living Area: 3616
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 505
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Amusement Room, Flex Room

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Three Quarter Bathrooms: 1

Exterior Features

  • PoolFeatures: None
  • View: Bay, Lake, North, Panoramic, South, West
  • ConstructionMaterialsDesc: Block
  • PatioPorchType: Deck,Patio
  • Lake Acres: 14205
  • Lake Bottom: Sand
  • LakeChain: N
  • Waterfront Frontage: 240

Garage/Parking

  • Parking Features: Attached Garage, Asphalt, Garage Door Opener, Guest Parking, Storage
  • Garage Square Feet: 460

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Deck,Dock,Hardwood Floors,Kitchen Window,Primary Bedroom Walk-In Closet,Patio,Paneled Doors,Panoramic View,Washer/Dryer Hookup,Wet Bar

Schools

  • Junior High Dist: Minnetonka
  • SchoolDistrictNumber: 276
  • SchoolDistrictPhone: 952-401-5000

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: Irregular
  • Lot Size Sq Ft: 17424
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Island/Peninsula, Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Shake Siding

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 2611723320010
  • Tax Annual Amount: 28995
  • TaxWithAssessments: 28995.0000

Multi Family

  • WaterfrontFeatures: Dock, Lake Front, Lake View

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2023 $28,995 $2,547,000 $2,192,200 $354,800
2022 $22,283 $2,349,000 $2,049,000 $300,000
2021 $21,934 $1,755,000 $1,561,000 $194,000
2020 $23,984 $1,701,000 $1,510,000 $191,000
2019 $22,973 $1,768,000 $1,607,000 $161,000
2018 $21,180 $1,661,000 $1,482,000 $179,000
2017 $21,364 $1,517,000 $1,351,000 $166,000
2016 $21,236 $1,467,000 $1,302,000 $165,000
2015 $21,452 $1,467,000 $1,302,000 $165,000
2014 -- $1,265,000 $1,117,000 $148,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2025 08/15/25 Price Changed $6,400,000 -7.2% $1,770 / Sq Ft
06/13/2025 06/13/25 For Sale $6,900,000 -- $1,908 / Sq Ft
Source: NorthstarMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $895,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,298,000 New Conventional
Source: Public Records

Source: NorthstarMLS

MLS Number: 6688877

NorthstarMLS

APN: 26-117-23-32-0010