$915,000
SOLD APR 20, 2026

516 Grace St Excelsior, MN 55331

4 Beds
3 Baths
2,574 Sq Ft
0.36 Acres Lot

Sale Details

Date Sold: April 20, 2026

$355 Per Sq Ft

8% Above List Price

4 Days on Market

Highlights

  • Lake Front
  • Heated Floors
  • No HOA
  • Excelsior Elementary School Rated A+
  • Deck
  • Breakfast Area or Nook

About This Home

As of April 2026

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.

Last Agent to Sell the Property

Lori Schneck

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

Coldwell Banker Realty

Last Buyer's Agent

Heidi Huseth

RE/MAX Advantage Plus

RE/MAX Advantage Plus

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 Foundation
  • Block Exterior
  • Cement Board or Planked

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
  • Cooling System: Central Air
  • Outside Features: Cement Board
  • 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: VirtualTour
  • 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
  • Foundation Details: Block
  • 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

  • Waterfront YN: Yes
  • 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

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2026
Closed on
Apr 14, 2026
Sold by
Bought by
Seller's Agent
Lori Schneck
Coldwell Banker Realty
Buyer's Agent
Heidi Huseth
RE/MAX Advantage Plus
List Price
$850,000
Sold Price
$915,000
Premium/Discount to List
$65,000
7.65%
Views
130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-29.28%
Original Mortgage
$732,000
Outstanding Balance
$732,000
Interest Rate
6.11%
Mortgage Type
New Conventional
Estimated Equity
$142,705

Purchase Details

Closed on
Apr 2, 2020
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $915,000 Watermark Title
Warranty Deed $380,000 Edina Realty Title Inc
Source: Public Records

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 $732,000 New Conventional
Source: Public Records

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
04/20/2026 04/20/26 Sold $915,000 +7.6% $355 / Sq Ft
03/09/2026 03/09/26 Pending -- -- --
03/05/2026 03/05/26 For Sale $850,000 -- $330 / Sq Ft
Source: NorthstarMLS

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 $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

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 7021243

NorthstarMLS

APN: 35-117-23-32-0027

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