511 2nd St #3, Excelsior, MN 55331
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FOR SALE
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511 2nd St #3
Excelsior, MN 55331

  • 3 Beds
  • 3.5 Baths
  • 2,552 sqft

$2,150,000

Original price: $2,275,000
Est. Mortgage $15,048/mo*
Get Pre-Qualified

$2,150,000

Original price: $2,275,000
Est. Mortgage $15,048/mo*
Get Pre-Qualified
3 Beds
3.5 Baths
2,552 sqft

Home Highlights

Parking
3 Car Garage
Outdoor
Deck
HOA
$1,869/Monthly
Price/Sqft
$842
Climate Control
Forced Air, Fireplace & Central Air
Listed
78 days ago

Local Information

  • Map ViewExplore the area around 511 2nd St #3.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Welcome to Lake House #3, an exceptional luxury residence in the heart of Excelsior, just moments from the shores of Lake Minnetonka. Designed for effortless, turn-key living, this stunning condominium blends refined craftsmanship with elevated modern design. The home showcases impeccable finishes throughout, including wide-plank hardwood floors, custom cabinetry, and striking 9.5-foot coffered ceilings. The gourmet kitchen is a true centerpiece, featuring Thermador stainless steel appliances, a quartz waterfall-edge island, and a walk-in pantry with custom organizational shelving. A stylish wet bar with a dual-zone beverage center enhances the home’s entertaining appeal. Seamless indoor-outdoor living is achieved with a dramatic 12-foot accordion door that opens to a lakeside three-season porch with a wood-paneled ceiling, gas fireplace, and breathtaking 180-degree views. The luxurious primary suite offers a spacious walk-in closet with in-unit laundry, along with a spa-like bath featuring heated floors, dual vanities, a soaking tub, and a separate walk-in shower. Each additional bedroom includes its own en-suite bath and custom closet system. Thoughtful conveniences continue with three heated garage stalls, EV charging capability, and ample storage. Enjoy unparalleled walkability to Excelsior’s vibrant dining, shopping, and year-round community events, along with nearby attractions like the Excelsior Commons and regional trails.
Last check for updates: about 22 hours ago
Listing courtesy of Elizabeth C Ulrich, (612) 964-7184
Compass
Michael B Steadman, (612) 296-0900
Source: NorthstarMLS as distributed by MLS GRID, MLS#7038770
Also Listed on NorthstarMLS as distributed by MLS GRID.

Home Details for 511 2nd St #3

Active Status

MLS Status: Active

Interior Features

Interior Details
Basement: NoneNumber of Rooms: 8Types of Rooms: Bedroom, Bedroom 2, Bedroom 3, Deck, Dining Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 4Number of Bathrooms (full): 1Number of Bathrooms (three quarters): 2Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 2552 Square FeetFoundation Area: 2552
Appliances & Utilities
Appliances: Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Stainless Steel Appliance(s), Wall Oven, Washer, Wine CoolerDishwasherDisposalDryerLaundry: Main Level,In UnitMicrowaveWasher
Heating & Cooling
Heating: Forced Air,Fireplace(s)Has CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Number of Fireplaces: 2Fireplace: Gas, Living Room, OtherHas a Fireplace
Gas & Electric
Gas: Natural Gas
Levels, Entrance, & Accessibility
Stories: 1Levels: OneAccessibility: Accessible Elevator Installed
View
No View
Security
Security: Secured Garage/Parking

Exterior Features

Exterior Home Features
Roof: Age 8 Years Or LessPatio / Porch: Covered, Deck
Parking & Garage
Number of Garage Spaces: 3Number of Covered Spaces: 3Other Parking: Garage Dimensions (0x0)No CarportHas a GarageHas an Attached GarageHas Open ParkingParking Spaces: 3Parking: Garage Door Opener,Guest,Heated Garage,Garage,Secured,Shared Garage/Stall,Storage,Tuckunder Garage
Frontage
Road Frontage: 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): 2552 Square Feet

Days on Market

Days on Market: 78

Property Information

Year Built
Year Built: 2023
Property Type / Style
Property Type: ResidentialProperty Subtype: (CC) Low Rise (3- Levels)
Building
Not a New ConstructionAttached To Another StructureNo Additional Parcels
Property Information
Parcel Number: 3511723220195

Price & Status

Price
List Price: $2,150,000Price Per Sqft: $842

Media

Location

Direction & Address
City: Excelsior
School Information
High School District: Minnetonka

Agent Information

Listing Agent
Listing ID: 7038770

Building

Building Area
Building Area: 2552 Square Feet

HOA

HOA Fee Includes: Internet, Other, Parking, Sanitation, Shared AmenitiesHOA Name: PendingHOA Phone: 612-296-0900Has an HOAHOA Fee: $1,869/Monthly

Lot Information

Lot Area: 8450.64 sqft

Offer

Contingencies: None

Miscellaneous

Mls Number: 7038770Above Grade Unfinished Area: 2552Activation Date: Wed Jun 10 2026

Additional Information

HOA Amenities: Elevator(s),Lobby Entrance,Other

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.
  • Marymjurgens
    "Great community for families— parks, beach, activities, walk to school, restaurants, shopping, bike trails, etc "
    0
    Flag
  • 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 "
    0
    Flag
  • Bobbie Daughters
    "Frequent visitor to the area dog sitting in the neighborhood. Very clean, safe and friendly lake living. "
    0
    Flag
  • Jlehrke16
    "It’s very family friendly. Perfect for growing family’s, with pets, etc. Bike trails are abundant "
    1
    Flag
  • Melissa J.
    "Love Love Love my neighborhood! My neighbors are wonderful. The community is great. I can’t imagine raising my child anywhere else. "
    0
    Flag
  • 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. "
    2
    Flag
  • james b.
    "walkabilty, multitude of activites, beautiful lakefront, lots of shops and reaturants, bike and running paths"
    1
    Flag

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
1MoM

Home Value

Trulia Estimate
$2.07M
Since last month
Increased$5K (+0.3%)
Since last year
Increased$17K (+0.8%)
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 decreased by -11% in the last 10 years
MonthEstimated value
2026
August 2026$2.07M
July 2026$2.07M
June 2026$2.19M
2025
2024

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
205 Mill St #S301, Excelsior, MN
0.10
Condo
$1,084,895
09/12/25
2
2.5
1,862
21957 Minnetonka Blvd #15, Greenwood, MN
0.39
Condo
$1,975,000
01/28/26
3
2.5
2,806
603 Lake St #215, Excelsior, MN
0.07
Condo
$975,000
08/14/26
2
2
1,669
603 Lake St #307, Excelsior, MN
0.07
Condo
$1,275,000
05/04/26
2
2
2,036
603 Lake St #214, Excelsior, MN
0.07
Condo
$1,250,000
01/23/26
2
2
1,483
205 Mill St #S205, Excelsior, MN
0.10
Condo
$575,000
03/02/26
1
2
1,223
1321 Lake Dr #216, Chanhassen, MN
3.39
Condo
$270,000
05/22/26
3
2
1,347
1331 Lake Dr #A213, Chanhassen, MN
3.46
Condo
$280,000
04/30/26
3
2
1,258
1321 Lake Dr #302, Chanhassen, MN
3.43
Condo
$245,000
06/01/26
3
2
1,294

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
511 2nd St #2, Excelsior, MN 55331
0.00
$1,335,900
2
2.5
1,968
Off Market
511 2nd St #1, Excelsior, MN 55331
0.01
$1,508,700
3
2.5
2,552
Off Market
511 2nd St #4, Excelsior, MN 55331
0.01
$1,544,100
2
2.5
1,968
Off Market
603 Lake St #214, Excelsior, MN 55331
0.07
$1,250,000
2
2
1,483
Recently Sold
603 Lake St #118, Excelsior, MN 55331
0.07
$1,298,000
2
2
1,932
Off Market
603 Lake St #215, Excelsior, MN 55331
0.07
$975,000
2
2
1,669
Recently Sold
603 Lake St #307, Excelsior, MN 55331
0.07
$1,275,000
2
2
2,036
Recently Sold
603 Lake St #308, Excelsior, MN 55331
0.07
$1,058,400
2
2
1,770
Off Market
405 Lake St, Excelsior, MN 55331
0.12
$1,137,200
2
1.5
1,092
Off Market
205 Mill St #S104, Excelsior, MN 55331
0.10
$721,000
2
2
1,423
Off Market
205 Mill St #S204, Excelsior, MN 55331
0.10
$713,200
2
2
1,423
Off Market

Price and Tax history

DateEventPrice
Jul 27, 2026
Source: NorthstarMLS as distributed by MLS GRID #7038770
PriceChange
$2,150,000
Price decreased by 5%
Jun 10, 2026
Source: NorthstarMLS as distributed by MLS GRID #7038770
Listed For Sale
$2,275,000
Aug 26, 2025
Source: Zillow Rentals
ListingRemoved
$8,900
Jul 29, 2025
Source: Zillow Rentals
Listed For Rent
$8,900
Jul 11, 2025
Source: NorthstarMLS as distributed by MLS GRID #6679768
ListingRemoved
$2,175,000

LGBTQ Local Legal Protections

Elizabeth C Ulrich, Compass
Agent Phone: (612) 964-7184
Based on information submitted to the MLS GRID as of 2026-08-20 10:38:20 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 511 2nd St #3

  • What is the estimated monthly payment for 511 2nd St #3?
    Based on a $2,150,000 list price with 20% down at today's rates, the estimated monthly payment for 511 2nd St #3 in Excelsior, MN is approximately $13,404 (about $11,233 principal & interest, $2,096 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 511 2nd St #3?
    The closest schools to 511 2nd St #3 in Excelsior, MN are Excelsior Elementary School (rated 10/10), Minnetonka Senior High School (rated 10/10), Minnetonka West Middle School (rated 9/10).
  • Does 511 2nd St #3 have air conditioning?
    Yes, 511 2nd St #3 in Excelsior, MN has air conditioning.
  • Does 511 2nd St #3 have laundry facilities?
    Yes, 511 2nd St #3 in Excelsior, MN has in-unit laundry.
  • Is there a virtual tour of 511 2nd St #3?
    Yes, a virtual tour of 511 2nd St #3 in Excelsior, MN is available.
511 2nd St #3, Excelsior, MN 55331 is a 3 bedroom, 4 bathroom, 2,552 sqft condo built in 2023. This property is currently available for sale and was listed by NorthstarMLS as distributed by MLS GRID on Jun 3, 2026. The MLS # for this home is MLS# 7038770.