$679,000

5345 Wedgewood Dr Excelsior, MN 55331

Estimated payment $4,340/month

Total Views 426
7 Beds
4 Baths
3,705 Sq Ft
$183 Price per Sq Ft

Highlights

  • Very Popular Property
  • Cul-De-Sac
  • Forced Air Heating System
  • Minnewashta Elementary School Rated A
  • 4 Car Attached Garage

About This Home

Don’t miss this rare investment or house-hack opportunity just one mile from charming downtown Excelsior and Lake Minnetonka. Nestled on a quiet cul-de-sac and backing up to a scenic bike path, this beautifully updated duplex offers the perfect blend of privacy, nature, and convenience. Situated on a sprawling half-acre wooded lot, this property features two spacious units; one 3 bed / 2 bath and one 4 bed / 2 bath (4th bedroom non-conforming) - both currently vacant and ready for immediate occupancy. Whether you're an owner-occupant looking for rental income or an investor seeking a move-in-ready asset, this home checks all the boxes. Recent improvements include brand-new decks completed in 2025 and numerous interior updates throughout both units, ensuring a modern, clean, and low-maintenance living experience. Enjoy direct access to the trail system right out your back door; walk or bike to the lake, shops, restaurants, breweries, and all Excelsior has to offer.

Listing Agent

Jamie Hall

Rize Realty Listed on: 08/07/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,461

Year Built

  • Built in 1979

Lot Details

  • Cul-De-Sac

Parking

  • 4 Car Attached Garage

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Window Egress

Utilities

  • Forced Air Heating System
  • Well

Community Details

  • 2 Units
  • Wild Duck 2Nd Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3311723210041

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,461

Year Built

Built in 1979

Lot Details

0

Parking

4

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Side by Side
  • Garage Spaces: 4
  • Accessibility Features: None
  • Water Source: Well
  • Year Built: 1979
  • Above Grade Finished Sq Ft: 2229
  • Water Sewer Expenses: 1160
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: OpenHouse
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Daylight/Lookout Windows, Egress Window(s), Finished, Full
  • Living Area: 3705
  • Below Grade Finished Sq Ft: 1476
  • Basement YN: Yes
  • Amenities: Ceiling Fan(s),Deck,Open Floorplan,Porch,Walk-In Closet
  • Appliances: Dishwasher,Dryer,Range
  • Number Of Fireplaces: 1
  • Total Rooms: 10
  • Amenities: Ceiling Fan(s),Deck,Main Floor Primary Bedroom,Porch,Walk-In Closet
  • Appliances: Dishwasher,Dryer,Gas Water Heater,Range
  • Total Rooms: 8
  • Number Of Fireplaces: 1

Beds/Baths

  • Total Bedrooms: 7

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • Fencing: None
  • PatioPorchType: Deck,Enclosed

Garage/Parking

  • Parking Features: Attached Garage, Asphalt
  • Garage Square Feet: 873

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Number of Ranges: One Per Unit

Schools

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

Lot Info

  • Topography: Wooded
  • Lot Size: N189x227x101x263
  • Land Lease: No
  • Lot Features: Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Cedar
  • Units Total: 2

Rental Info

  • Expenses: 7440.0000

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 3311723210041
  • Tax Annual Amount: 7461
  • TaxWithAssessments: 7461.0000

Multi Family

  • TenantPays: Trash Collection
  • Number Of Refrigerators: One Per Unit

Map

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
08/07/2025 08/07/25 For Sale $679,000 +8.6% $183 / Sq Ft
01/19/2024 01/19/24 Sold $625,000 -0.8% $169 / Sq Ft
12/02/2023 12/02/23 Pending -- -- --
11/26/2023 11/26/23 For Sale $629,900 +86.9% $170 / Sq Ft
11/20/2014 11/20/14 Sold $337,000 -12.5% $75 / Sq Ft
10/28/2014 10/28/14 Pending -- -- --
07/11/2014 07/11/14 For Sale $385,000 -- $85 / Sq Ft
Source: NorthstarMLS

Source: NorthstarMLS

MLS Number: 6764352

NorthstarMLS

APN: 33-117-23-21-0041