$850,000
OPEN SAT 11AM - 1PM

516 Grace St Excelsior, MN 55331

Estimated payment $4,964/month

Total Views 2,473
4 Beds
3 Baths
2,574 Sq Ft
$330 Price per Sq Ft

Highlights

  • Hot Property
  • Lake Front
  • Deck
  • Excelsior Elementary School Rated A+
  • Heated Floors
  • No HOA

About This Home

Main floor living in Excelsior with private water views! Fully remodeled to the studs in 2020/2021 and re-crafted with a nod to its midcentury heritage while adding all the necessary spaces and amenities for today's living. Open Kitchen with large island and a built in bistro bench offers fabulous views of the lake and graciously welcomes the the sunlight thru its large lakeside windows. 2 bedrooms & 2 bathrooms on main including a true primary suite boasting; dual sinks, large shower, walk in closet and a screen porch. A 2nd large bedroom on main offers flexible space for lakeside bedroom/office/den with a 2nd full bath & laundry rounding out the main level. In the full walk out lower level you'll find 2 bedrooms and refreshed 3/4 bath giving room for guests who will all want to visit your new home in Excelsior - as well as a family room and a flex/exercise room! New deck and circle concrete driveway as well as all new windows, roof, gutters, siding & landscaping make this a truly turn key offering all an easy walk into the Village and all it has to offer. The perfect size with thoughtful layout and touches - this home punches above it's weight with spaces, finishes and location.

Listing Agent

Lori Schneck

Coldwell Banker Realty Brokerage Phone: 6128684230 Listed on: 02/26/2026

Coldwell Banker Realty

Open House Schedule

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,073

Year Built

  • Built in 1957

Lot Details

  • Lot Dimensions are 81 x 201
  • Lake Front
  • Cul-De-Sac
  • Street terminates at a dead end
  • Few Trees

Parking

  • 1 Car Attached Garage
  • Insulated Garage

Home Design

  • Block Exterior

Interior Spaces

  • 1-Story Property
  • Lower Floor Utility Room
  • Heated Floors
  • Lake Views

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • ENERGY STAR Qualified Appliances
  • Disposal
  • The kitchen features windows

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry in Hall
  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Basement Window Egress

Outdoor Features

  • Deck
  • Screened Patio
  • Rear Porch

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • 200+ Amp Service

Community Details

  • No Home Owners Association
  • Zims Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3511723320027

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,073

Year Built

Built in 1957

Lot Details

0.36 Acres

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1957
  • Above Grade Finished Sq Ft: 1422
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Attribution Contact: 6128684230
  • Special Features: 4097
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Egress Window(s), Full, Walkout
  • Appliances: Dishwasher, Disposal, Dryer, ENERGY STAR Qualified Appliances, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Living Area: 2574
  • Fireplace: No
  • Below Grade Finished Sq Ft: 1152
  • Basement YN: Yes

Beds/Baths

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

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • View: South, West
  • PatioPorchType: Composite Decking, Deck, Patio, Rear Porch, Screened
  • Lake Bottom: Weeds
  • Elevation Highpoint to Waterfront Feet: 10-15

Garage/Parking

  • Parking Features: Attached Garage, Concrete, Insulated Garage

Utilities

  • Heating: Forced Air, In-Floor Heating
  • Sewer: City Sewer/Connected
  • LaundryFeatures: In Hall, Laundry Closet, Lower Level, Main Level, Washer Hookup
  • Electric: 200+ Amp Service
  • Fuel: Natural Gas
  • Power Company: Xcel Energy

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s), Exercise Room, Hardwood Floors, Kitchen Center Island, Kitchen Window, Primary Bedroom Walk-In Closet, Main Floor Primary Bedroom, Natural Woodwork, Patio, Porch, In-Ground Sprinkler, Tile Floors, Washer/Dryer Hookup, Wet Bar, Walk-In Closet

Schools

  • Junior High Dist: Minnetonka
  • SchoolDistrictPhone: 9524015000

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 81 x 201
  • Land Lease: No
  • Lot Features: Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Block

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 3511723320027
  • Tax Annual Amount: 7073
  • TaxWithAssessments: 7329

Multi Family

  • WaterfrontFeatures: Lake Front, Lake View

Map

Range of Values:

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Value Increase
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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
2024 $7,329 $577,400 $221,700 $355,700
2023 $6,382 $522,400 $211,100 $311,300
2022 $4,938 $533,000 $211,000 $322,000
2021 $4,456 $379,000 $211,000 $168,000
2020 $4,516 $347,000 $180,000 $167,000
2019 $4,515 $341,000 $180,000 $161,000
2018 $4,431 $341,000 $180,000 $161,000
2017 $4,313 $322,000 $180,000 $142,000
2016 $4,411 $322,000 $180,000 $142,000
2015 $4,474 $322,000 $180,000 $142,000
2014 -- $272,000 $148,000 $124,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/05/2026 03/05/26 For Sale $850,000 -- $330 / Sq Ft
Source: NorthstarMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $380,000 Edina Realty Title Inc
Source: Public Records

Source: NorthstarMLS

MLS Number: 7021243

NorthstarMLS

APN: 35-117-23-32-0027

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