$1,175,000 New Construction
- 4 Beds
- 2.5 Baths
- 3,077 Sq Ft
20381 Excelsior Blvd, Shorewood, MN 55331
Taylor Foster JPW Realty
$1,175,000 New Construction
20381 Excelsior Blvd, Shorewood, MN 55331
Taylor Foster JPW Realty
$450,000
6140 Chaska Rd, Excelsior, MN 55331
Paul Johnson Lakes Sotheby's International
Shorewood, MN, is a waterfront city situated along the shore of Lake Minnetonka, offering a lakefront lifestyle and proximity to the Twin Cities. With a population of nearly 7,200, Shorewood features multiple lakes, including Christmas Lake and Silver Lake, known for their water clarity and wetlands. The city is primarily residential, contributing to its low crime rate, which is safer than the national average. Shorewood's real estate market is competitive, with home styles ranging from traditional ranch styles and Cape Cods to modern contemporaries with lakefront views. Residents enjoy easy access to U.S. Interstate 494, making day trips to the Twin Cities within 20 miles. Local attractions include Howard's Point Marina, Badger Park, Freeman Park, and Lake Minnewashta Regional Park, offering various outdoor activities such as fishing, boating, tennis, and hiking. The annual Arctic Fever Festival in January features horse-drawn sleigh rides, bonfires, sled dog rides, and live music. Shopping options at Shorewood Village include Cub Foods, Dollar Tree, and Walgreens Pharmacy, while dining options range from Joey Nova's Pizzeria to North Coop Restaurant & Bar and Hazelwood Food and Drink. Shorewood is served by highly rated schools in the Minnetonka Public Schools district, including Minnewashta Elementary, Minnetonka West Middle, and Minnetonka Senior High School. The Minneapolis-St Paul International Airport is 23 miles away, and healthcare options include St. Francis Regional Medical Center, 13 miles from the community.
On average, homes in Shorewood, MN sell after 38 days on the market compared to the national average of 52 days. The median sale price for homes in Shorewood, MN over the last 12 months is $1,340,000, down 16% from the median home sale price over the previous 12 months.
In Shorewood, there are currently 2 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $450,000 to $1,175,000, there's a range to accomodate every budget. As of September, 2025 the median home price in Shorewood is $1,313,450, while the average sale price is $1,204,612, offering insights into the local housing market. On average, multi-family homes spend 38 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Shorewood, MN.