$649,900
PENDING

88 1st St Excelsior, MN 55331

Estimated payment $4,035/month

Total Views 11,069
0 Acre
-- Price per Acre
0 Sq Ft Lot

Highlights

  • Lake View
  • Excelsior Elementary School Rated A+
  • No HOA

About This Lot

Rare opportunity to build a new home on one of the best available lots in the coveted Heart of Excelsior or buy and hold as an investment. This prime wide open corner lot offers expansive unobstructed views across Excelsior Commons Park with Lake Minnetonka just a few steps away and right outside the door of your future home. Enjoy all the public amenities and zero HOA fees including 2 swimming beaches, playground, tennis courts, basketball, baseball, kayaking, grilling, fishing, fireworks on the 4th, or just relax by the open firepits and relish live music at the park bandshell, plus much more. All this and located within the award-winning Minnetonka Schools and Excelsior Elementary, walking distance to historic Water Street boasting numerous shops and fine dining experiences, easy access to Lake Minnetonka LRT Reginal Trail system. In addition, Excelsior residents are eligible for boat slips or sailboat mooring buoys via the city dock program waiting list. Note the previous home has already been demolished and removed from the site saving you substantial $$$ in demolition costs. Open to any builder. Do not delay!

Listing Agent

Lane Hansen

United Real Estate Twin Cities Listed on: 07/30/2025

United Real Estate Twin Cities

Co-Listing Agent

Jin Hansen

United Real Estate Twin Cities

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,561

Additional Features

  • Finished Lot(s)
  • Lake Views

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2711723430022

Property Details

Property Type

Land

Est. Annual Taxes

$7,561

Lot Details

0

Listing Details

  • Type: Land
  • Development Status: Finished Lot(s)
  • Water Body Name: Minnetonka
  • FractionalOwnershipYN: No
  • Rental License?: No
  • BuilderRestrict: Open
  • Improvements: Paved Streets,Public Road
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Inclusions: Other

Exterior Features

  • LakeChain: N
  • Waterfront Frontage: 0

Utilities

  • Utilities: Other Connected, Electricity Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Topography: Level
  • Waterfront YN: No
  • Lot Size: irregular
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • All Program Acres: 0.0000

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 2711723430022
  • Tax Annual Amount: 7561
  • TaxWithAssessments: 7561.0000

Multi Family

  • WaterfrontFeatures: Lake View, Other

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
11/07/2025 11/07/25 Pending -- -- --
11/06/2025 11/06/25 Off Market $649,900 -- --
08/01/2025 08/01/25 For Sale $649,900 -- --
Source: NorthstarMLS

Source: NorthstarMLS

MLS Number: 6764346

NorthstarMLS