138 2nd St, Excelsior, MN 55331
Property image
Property image
FOR SALE

138 2nd St
Excelsior, MN 55331

  • 5 Beds
  • 4.5 Baths
  • 4,527 sqft

$2,495,000

Est. Mortgage $15,256/mo*

$2,495,000

Est. Mortgage $15,256/mo*
5 Beds
4.5 Baths
4,527 sqft

Home Highlights

Parking
3 Car Garage
Outdoor
Porch, Patio
Climate Control
Forced Air, Humidifier, In Floor Heating, Zoned & Central Air, Zoned
HOA
None
Price/Sqft
$551
Listed
139 days ago

Local Information

  • Map ViewExplore the area around 138 2nd St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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.
Last check for updates: about 2 hours ago
Listing courtesy of Eric N Zehnder, (651) 303-5747
RE/MAX Results
Source: NorthstarMLS as distributed by MLS GRID, MLS#7046880

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: 4527 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: 139

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: $551

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

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"

Market trends in Excelsior

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
8
1
MoM

Home Value

Trulia Estimate
$2.43M
Since last month
Increased$4K (+0.1%)
Since last year
Increased$2M (+265.2%)
Since last sale
Increased$2M (+273.6%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +518% in the last 10 years
MonthEstimated value
2026
August 2026$2.43M
July 2026$2.42M
June 2026$2.41M
May 2026$2.44M
April 2026$2.46M
March 2026$652K
February 2026$651K
January 2026$675K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.05
Single-Family Home
$1,065,000
06/26/26
4
3.5
3,444
0.06
Single-Family Home
$1,725,000
07/30/26
5
4.5
3,505
0.11
Single-Family Home
$1,575,000
06/23/26
5
3.5
3,171
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
0.20
Single-Family Home
$780,000
06/29/26
4
3
1,531
0.19
Single-Family Home
$1,799,000
05/20/26
3
4
3,636
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

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
0.03
$499,900
-
-
-
For Sale
0.05
$555,500
2
1
796
Off Market
0.06
$1,725,000
5
4.5
3,505
Recently Sold
0.08
$2,200,000
3
2.5
3,000
For Sale
0.08
$1,500,000
4
2.5
2,769
For Sale
0.04
$478,500
-
-
-
Recently Sold
0.09
$2,081,300
4
3.5
3,537
Off Market
0.05
$1,065,000
4
3.5
3,444
Recently Sold
0.05
$1,130,900
4
3.5
2,782
Off Market
0.11
$3,443,700
4
5
4,883
Off Market
0.10
$657,300
3
1
1,400
Off Market

Price and Tax history

DateEventPrice
Apr 9, 2026
Source: NorthstarMLS as distributed by MLS GRID #7046880
PendingToActive
$2,495,000
Apr 6, 2026
Source: NorthstarMLS as distributed by MLS GRID #7046880
Pending
$2,495,000
Apr 1, 2026
Source: NorthstarMLS as distributed by MLS GRID #7046880
Listed For Sale
$2,495,000
Feb 6, 2026
Source: NorthstarMLS as distributed by MLS GRID #7002593
Sold
$650,000

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 2026-08-18 20:52:44 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

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Frequently asked questions about 138 2nd St

  • What is the estimated monthly payment for 138 2nd St?
    Based on a $2,495,000 list price with 20% down at today's rates, the estimated monthly payment for 138 2nd St in Excelsior, MN is approximately $15,586 (about $13,078 principal & interest, $2,433 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • What do residents say about Excelsior?
    Residents describe Excelsior, MN as walkable to restaurants, dog-friendly, and pedestrian-friendly. See homes for sale in Excelsior, MN.
  • What are the closest schools to 138 2nd St?
    The closest schools to 138 2nd St in Excelsior, MN are Excelsior Elementary School (rated 10/10), Minnetonka Senior High School (rated 10/10), Minnetonka West Middle School (rated 9/10).
  • What is 138 2nd St estimated to be worth?
    Trulia's estimated value for 138 2nd St in Excelsior, MN is $2,428,200.
  • Does 138 2nd St have air conditioning?
    Yes, 138 2nd St in Excelsior, MN has air conditioning.
  • Does 138 2nd St have laundry facilities?
    Yes, 138 2nd St in Excelsior, MN has in-unit laundry.
138 2nd St, Excelsior, MN 55331 is a 5 bedroom, 5 bathroom, 4,527 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.