138 2nd St, Excelsior, MN 55331
FOR SALE

138 2nd St
Excelsior, MN 55331

  • 5 Beds
  • 4.5 Baths
  • 4,729 sqft

$2,495,000

Est. Mortgage $15,006/mo*

$2,495,000

Est. Mortgage $15,006/mo*
5 Beds
4.5 Baths
4,729 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

This to-be-built custom home by Zehnder Homes offers an exceptional opportunity to create a truly personalized luxury residence just two blocks from both Excelsior Commons and the charm of Water Street. Set on an 88' wide lot, this rare walkout lot provides the perfect setting for your dream home. Enjoy walkable access to Lake Minnetonka, local dining, shops, and year-round community events all from one of the most sought-after locations in the west metro. Designed with over 4,500 finished square feet, this five-bedroom, five-bath home will showcase the elevated craftsmanship and thoughtful design Zehnder Homes is known for. The open-concept main level is planned for both everyday living and effortless entertaining, featuring expansive living spaces, a gourmet kitchen with high-end appliances, custom cabinetry, and a generous butler's pantry. Upstairs, a luxurious primary suite will offer a spa-inspired bath and oversized walk-in closet, complemented by well appointed secondary bedrooms and convenient upper-level laundry. The walkout lower level provides additional living and entertaining space, featuring a recreation area, bar, and fitness room, all tailored to your lifestyle. With ample opportunity to collaborate on final plans, selections, and finishes, this home presents a unique chance to bring your vision to life in an unbeatable Excelsior location.

Home Highlights

Parking
3 Car Garage
Outdoor
Porch, Patio
A/C
Heating & Cooling
HOA
None
Price/Sqft
$528
Listed
48 days ago

Home Details for 138 2nd St

Active Status

MLS Status: Active

Interior Features

Interior Details
Basement: Drain Tiled,Finished,Full,Concrete,Sump Basket,Sump Pump,Tile Shower,Walk-Out AccessNumber of Rooms: 13Types of Rooms: Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bar Wet Bar Room, Dining Room, Exercise Room, Family Room, Great Room, Kitchen, Loft, Office
Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 5Number of Bathrooms (full): 2Number of Bathrooms (three quarters): 2Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 4729 Square FeetFoundation Area: 1379
Appliances & Utilities
Utilities: Underground UtilitiesAppliances: Air-To-Air Exchanger, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, ENERGY STAR Qualified Appliances, Exhaust Fan, Freezer, Humidifier, Gas Water Heater, Water Filtration System, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Wall Oven, Washer, Water Softener Owned, Wine CoolerDishwasherDisposalDryerLaundry: Electric Dryer Hookup,Laundry Room,Sink,Upper LevelMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Forced Air,Humidifier,In-Floor Heating,ZonedHas CoolingAir Conditioning: Central Air,ZonedHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Circulating, Gas, Living RoomHas a Fireplace
Gas & Electric
Electric: Circuit Breakers, 200+ Amp Service, Power Company: Xcel EnergyGas: Natural Gas
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoAccessibility: None
View
No View

Exterior Features

Exterior Home Features
Roof: Age 8 Years Or Less Architectural Shingle Asphalt PitchedPatio / Porch: Enclosed, Front Porch, Patio, Porch, ScreenedFencing: NoneNo Private Pool
Parking & Garage
Number of Garage Spaces: 3Number of Covered Spaces: 3Other Parking: Garage Dimensions (30x22), Garage Door Height (8), Garage Door Width (8)No CarportHas a GarageHas an Attached GarageHas Open ParkingParking Spaces: 3Parking: Attached,Concrete,Electric Vehicle Charging Station(s),Floor Drain,Garage,Garage Door Opener,Heated Garage,Insulated Garage
Pool
Pool: None
Frontage
Road Frontage: City Street, Curbs, Sidewalks, Street Lights, Storm SewerResponsible for Road Maintenance: Public Maintained RoadRoad Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: City Sewer/Connected
Finished Area
Finished Area (above surface): 3348 Square FeetFinished Area (below surface): 1179 Square Feet

Days on Market

Cumulative Days on Market: 5Days on Market: 48

Property Information

Year Built
Year Built: 2026
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family
Building
Construction Materials: Concrete, FrameNot a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Parcel Number: 3411723120095

Price & Status

Price
List Price: $2,495,000Price Per Sqft: $528

Location

Direction & Address
City: ExcelsiorCommunity: Sheldons Add To Excelsior
School Information
High School District: Minnetonka

Agent Information

Listing Agent
Listing ID: 7046880

Building

Building Details
Builder Name: ZEHNDER HOMES INCORPORATED
Building Area
Building Area: 4729 Square Feet

HOA

No HOAHOA Fee: No HOA Fee

Lot Information

Lot Area: 8798 sqft

Offer

Contingencies: None

Miscellaneous

BasementMls Number: 7046880Above Grade Unfinished Area: 3348
Last check for updates: about 19 hours ago
Listing courtesy of Eric N Zehnder, (651) 303-5747
RE/MAX Results
Source: NorthstarMLS as distributed by MLS GRID, MLS#7046880

Price History for 138 2nd St

DatePriceEventSource
04/09/2026$2,495,000PendingToActiveNorthstarMLS as distributed by MLS GRID #7046880
04/06/2026$2,495,000PendingNorthstarMLS as distributed by MLS GRID #7046880
04/01/2026$2,495,000Listed For SaleNorthstarMLS as distributed by MLS GRID #7046880
02/06/2026$650,000Sold
NorthstarMLS as distributed by MLS GRID #7002593

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Property Tax and Assessment

Year2025
Tax$8,967
Assessment$721,500
Home facts updated by county records

Comparable Sales for 138 2nd St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.13
Single-Family Home
$1,330,000
06/17/25
5
3.5
3,351
0.11
Single-Family Home
$1,040,000
08/15/25
4
3.5
3,000
0.11
Single-Family Home
$3,350,000
05/22/25
4
5
4,883
0.20
Single-Family Home
$778,750
09/03/25
4
3
2,421
0.15
Single-Family Home
$1,025,000
02/27/26
5
1.5
3,021
0.22
Single-Family Home
$900,000
03/31/26
3
2.5
3,636
0.10
Single-Family Home
$2,650,000
06/17/25
4
3.5
4,524
0.19
Single-Family Home
$2,000,000
08/29/25
4
3.5
3,488
0.10
Single-Family Home
$650,000
08/20/25
3
1.5
1,357

What Locals Say about Excelsior

At least 15 Trulia users voted on each feature.
  • 92 % Say people would walk alone at night

  • 91 % Say it's walkable to restaurants

  • 88 % Say it's dog friendly

  • 86 % Say there's holiday spirit

  • 81 % Say kids play outside

  • 79 % Say there are sidewalks

  • 76 % Say yards are well-kept

  • 74 % Say it's walkable to grocery stores

  • 68 % Say there's wildlife

  • 67 % Say there are community events

  • 65 % Say it's quiet

  • 63 % Say they plan to stay for at least 5 years

  • 60 % Say parking is easy

  • 57 % Say neighbors are friendly

  • 48 % Say car is needed

  • 44 % Say streets are well-lit

Sourced by Trulia users. Learn more about our methodology.
  • Marymjurgens
    "Great community for families— parks, beach, activities, walk to school, restaurants, shopping, bike trails, etc "
  • Marymjurgens
    "Concerts in the Commons, local brewery with live music, annual events/festivals: art fair, 4th of July, apple days, ice cream trolley, history, shops, restaurants "
  • Bobbie Daughters
    "Frequent visitor to the area dog sitting in the neighborhood. Very clean, safe and friendly lake living. "
  • Jlehrke16
    "It’s very family friendly. Perfect for growing family’s, with pets, etc. Bike trails are abundant "
  • Melissa J.
    "Love Love Love my neighborhood! My neighbors are wonderful. The community is great. I can’t imagine raising my child anywhere else. "
  • james b.
    "This is a unique and special lakeside community with wonderful shops, restuarants and live music at multiple venues all within easy walking distance. "
  • james b.
    "walkabilty, multitude of activites, beautiful lakefront, lots of shops and reaturants, bike and running paths"

LGBTQ Local Legal Protections

Eric N Zehnder, RE/MAX Results
Agent Phone: (651) 303-5747
Based on information submitted to the MLS GRID as of 2026-05-19 11:23:02 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
By searching NorthstarMLS listings you agree to the NorthstarMLS End User License Agreement
138 2nd St, Excelsior, MN 55331 is a 5 bedroom, 5 bathroom, 4,729 sqft single-family home built in 2026. This property is currently available for sale and was listed by NorthstarMLS as distributed by MLS GRID on Apr 1, 2026. The MLS # for this home is MLS# 7046880.