$4,195,000
Original price: $4,495,000
4 Beds
3.5 Baths
4,661 sqft
254 Lake St, Excelsior, MN 55331
Est. Mortgage $25,843/mo*
Get Pre-QualifiedHome Highlights
Single-Family Home
Built in 2024
$900/sqft
2 Car Garage
Local Information
- Map ViewExplore the area around 254 Lake St.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
Completed new construction! Breathtaking Peter Eskuche + Mikan collaboration offering the highest level of finish and stunning lake views throughout! Enjoy the unparalleled architectural details and open flowing floorplan offering walls of windows showcasing views overlooking Excelsior Bay. The main-level features light + bright spaces; gourmet kitchen with high-end appliances, coffee bar, prep area and walk-in pantry. Spacious family room with sliding glass doors that open to the large porch with phantom screens + electronic pergola, dipping pool/hot tub and unmatched water views, creating the perfect blend of indoor + outdoor living! The upper-level offers a loft with built-ins and beverage fridge; bonus room with fireplace + lake views; office area; two guest bedrooms and spacious primary suite with spa-like bathroom (heated floors)! Lower-level featuring unparalleled amenities including the large family room + game area; wet bar with beverage fridges; exercise room; sauna and golf simulator. Extra-deep 2-car garage (heated, sink, water spigot). Ideally located in the heart of Excelsior just steps to shops, restaurants and all the amenities downtown has to offer! Truly a must see!
Last check for updates: about 2 hours ago
Listing courtesy of Jeffrey J Dewing, (612) 597-0424
Coldwell Banker Realty
Source: NorthstarMLS as distributed by MLS GRID, MLS#7097500
Also Listed on NorthstarMLS as distributed by MLS GRID.
Home Details for 254 Lake St
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MLS Status: Active |
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Interior Details Basement: Finished,FullNumber of Rooms: 14Types of Rooms: Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Amusement Room, Bar Wet Bar Room, Bonus Room, Exercise Room, Family Room, Informal Dining Room, Kitchen, Screened Porch, Sun Room |
Beds & Baths Number of Bedrooms: 4Number of Bathrooms: 4Number of Bathrooms (full): 1Number of Bathrooms (three quarters): 2Number of Bathrooms (half): 1 |
Dimensions and Layout Living Area: 4661 Square FeetFoundation Area: 1766 |
Appliances & Utilities Appliances: Chandelier, Dishwasher, Dryer, Exhaust Fan, Humidifier, Microwave, Refrigerator, Stainless Steel Appliance(s), Wall Oven, WasherDishwasherDryerLaundry: Upper LevelMicrowaveRefrigeratorWasher |
Heating & Cooling Heating: Forced Air,In-Floor HeatingHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air |
Fireplace & Spa Number of Fireplaces: 2Fireplace: Family RoomHas a Fireplace |
Gas & Electric Gas: Natural Gas |
Levels, Entrance, & Accessibility Stories: 2Levels: TwoAccessibility: None |
View Has a ViewView: Lake |
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Exterior Home Features Roof: Age 8 Years Or LessPatio / Porch: Covered, Patio, ScreenedHas a Private Pool |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageHas an Attached GarageParking Spaces: 2Parking: Attached,Heated Garage,Insulated Garage |
Pool Pool: In Ground, HeatedPool |
Frontage Waterfront: Lake ViewNot on Waterfront |
Water & Sewer Sewer: City Sewer/Connected |
Finished Area Finished Area (above surface): 2983 Square FeetFinished Area (below surface): 1678 Square Feet |
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Cumulative Days on Market: 232Days on Market: 78 |
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Year Built Year Built: 2024 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family |
Building Is a New ConstructionNot Attached PropertyNo Additional Parcels |
Property Information Parcel Number: 3411723110134 |
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Price List Price: $4,195,000Price Per Sqft: $900 |
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Direction & Address City: ExcelsiorCommunity: Seamans Sub Of Lts 7 & 8 Excelsior |
School Information High School District: Minnetonka |
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Listing Agent Listing ID: 7097500 |
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Building Area Building Area: 4661 Square Feet |
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No HOAHOA Fee: No HOA Fee |
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Lot Area: 6969.6 sqft |
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Contingencies: None |
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BasementMls Number: 7097500Water ViewWater View: LakeAbove Grade Unfinished Area: 2983 |
Around this home
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.
Market trends in Excelsior
Last updated July 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
8
1MoM
Home Value
Trulia Estimate
$4.06MSince last month
Increased$23K (+0.6%)Since last year
Increased$3M (+284.2%)Since last sale
Increased$3M (+432.3%)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 +369% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $4.06M |
| August 2026 | $4.01M |
| July 2026 | $4.04M |
| June 2026 | $4.43M |
| May 2026 | $4.78M |
| April 2026 | $4.89M |
| March 2026 | $5.02M |
| February 2026 | $5M |
| January 2026 | $5.03M |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
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 |
|---|---|---|---|---|---|---|---|
0.23 | Single-Family Home | $1,065,000 | 06/26/26 | 4 | 3.5 | 3,444 | |
0.07 | Single-Family Home | $780,000 | 06/29/26 | 4 | 3 | 1,531 | |
0.13 | Single-Family Home | $1,025,000 | 02/27/26 | 5 | 1.5 | 3,021 | |
0.35 | Single-Family Home | $900,000 | 03/31/26 | 3 | 2.5 | 3,636 | |
0.10 | Single-Family Home | $1,575,000 | 06/23/26 | 5 | 3.5 | 3,171 | |
0.09 | Single-Family Home | $1,799,000 | 05/20/26 | 3 | 4 | 3,636 | |
0.23 | Single-Family Home | $1,725,000 | 07/30/26 | 5 | 4.5 | 3,505 | |
0.21 | Single-Family Home | $650,000 | 02/06/26 | 5 | 4.5 | 4,527 | |
0.21 | Single-Family Home | $669,400 | 05/08/26 | 2 | 2 | 1,442 |
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 |
|---|---|---|---|---|---|---|
0.05 | $844,100 | 4 | 2.5 | 2,470 | Off Market | |
0.07 | $780,000 | 4 | 3 | 1,531 | Recently Sold | |
0.09 | $1,673,800 | 4 | 3.5 | 3,185 | Off Market | |
0.09 | $1,799,000 | 3 | 4 | 3,636 | Recently Sold | |
0.11 | $725,000 | 2 | 1 | 1,482 | Recently Sold | |
0.10 | $1,575,000 | 5 | 3.5 | 3,171 | Recently Sold | |
0.13 | $1,109,500 | 2 | 1.5 | 1,092 | Off Market | |
0.11 | $1,059,000 | 4 | 3.5 | 3,000 | Off Market | |
0.13 | $1,025,000 | 5 | 1.5 | 3,021 | Recently Sold | |
0.11 | $1,947,200 | 4 | 2.5 | 4,265 | Off Market | |
0.14 | $1,200,000 | 2 | 1 | 1,050 | Recently Sold |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jul 22, 2026 Source: NorthstarMLS as distributed by MLS GRID #7097500 | PriceChange | $4,195,000 Price decreased by 7% |
Jun 23, 2026 Source: NorthstarMLS as distributed by MLS GRID #7097500 | Listed For Sale | $4,495,000 |
Jun 23, 2026 Source: NorthstarMLS as distributed by MLS GRID #7091778 | ListingRemoved | $4,699,000 |
Jun 12, 2026 Source: NorthstarMLS as distributed by MLS GRID #7091778 | Listed For Sale | $4,699,000 |
Jun 12, 2026 Source: NorthstarMLS as distributed by MLS GRID #7058891 | ListingRemoved | $4,995,000 |
Apr 20, 2026 Source: NorthstarMLS as distributed by MLS GRID #7058891 | Listed For Sale | $4,995,000 |
Apr 17, 2026 Source: NorthstarMLS as distributed by MLS GRID #6789422 | ListingRemoved | $5,299,000 |
Nov 26, 2025 Source: NorthstarMLS as distributed by MLS GRID #6789422 | PriceChange | $5,299,000 Price decreased by 7% |
Oct 31, 2025 Source: NorthstarMLS as distributed by MLS GRID #6789422 | Listed For Sale | $5,700,000 |
Feb 3, 2023 Source: N/A | Sold | $762,500 |
Apr 18, 2008 Source: Lake Superior Area Realtors as distributed by MLS GRID #1566012 | Sold | $695,000 |
Jun 22, 2006 Source: N/A | Sold | $629,500 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $13,981 | $1,046,900 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Jeffrey J Dewing, Coldwell Banker Realty
Agent Phone: (612) 597-0424
Based on information submitted to the MLS GRID as of 2026-09-09 11:33:24 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
By searching NorthstarMLS listings you agree to the NorthstarMLS End User License Agreement
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Frequently asked questions about 254 Lake St
- What is the estimated monthly payment for 254 Lake St?Based on a $4,195,000 list price with 20% down at today's rates, the estimated monthly payment for 254 Lake St in Excelsior, MN is approximately $26,524 (about $22,359 principal & interest, $4,090 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 254 Lake St?The closest schools to 254 Lake 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 254 Lake St estimated to be worth?Trulia's estimated value for 254 Lake St in Excelsior, MN is $4,059,000.
- Does 254 Lake St have air conditioning?Yes, 254 Lake St in Excelsior, MN has air conditioning.
- Does 254 Lake St have a pool?Yes, 254 Lake St in Excelsior, MN has a pool.
254 Lake St, Excelsior, MN 55331 is a 4 bedroom, 4 bathroom, 4,661 sqft single-family home built in 2024. This property is currently available for sale and was listed by NorthstarMLS as distributed by MLS GRID on Jun 23, 2026. The MLS # for this home is MLS# 7097500.