516 Grace St, Excelsior, MN 55331
Property image
Property image
SOLD
APR 20, 2026

516 Grace St
Excelsior, MN 55331

  • 4 Beds
  • 3 Baths
  • 2,742 sqft (on 0.36 acres)

$915,000

Last Sold: Apr 20, 2026
8% over list $850K
$334/sqft
Est. Refi. Payment $5,551/mo*
Refinance Your Home

$915,000

Last Sold: Apr 20, 2026
8% over list $850K
$334/sqft
Est. Refi. Payment $5,551/mo*
Refinance Your Home
4 Beds
3 Baths
2,742 sqft
(on 0.36 acres)

Local Information

  • Map ViewExplore the area around 516 Grace St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1957
Lot Size
0.36 acres
Living Area
2,742 sqft
Price/Sqft
$334/sqft
Parking
1 Car Garage
HOA
None

About this House

Main floor living in Excelsior with private water views! Fully remodeled to the studs in 2020/2021 and re-crafted with a nod to its midcentury heritage while adding all the necessary spaces and amenities for today's living. Open Kitchen with large island and a built in bistro bench offers fabulous views of the lake and graciously welcomes the the sunlight thru its large lakeside windows. 2 bedrooms & 2 bathrooms on main including a true primary suite boasting; dual sinks, large shower, walk in closet and a screen porch. A 2nd large bedroom on main offers flexible space for lakeside bedroom/office/den with a 2nd full bath & laundry rounding out the main level. In the full walk out lower level you'll find 2 bedrooms and refreshed 3/4 bath giving room for guests who will all want to visit your new home in Excelsior - as well as a family room and a flex/exercise room! New deck and circle concrete driveway as well as all new windows, roof, gutters, siding & landscaping make this a truly turn key offering all an easy walk into the Village and all it has to offer. The perfect size with thoughtful layout and touches - this home punches above it's weight with spaces, finishes and location.
516 Grace St, Excelsior, MN 55331 is a 4 bedroom, 3 bathroom, 2,742 sqft single-family home built in 1957. It last sold for $915,000 on Apr 20, 2026 (8% above the $850,000 asking price). It is currently off market. The Trulia Estimate is $926,000, with a rent estimate of $7,047/month.

Home Details for 516 Grace St

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Block,Egress Window(s),Full,Walk-Out AccessNumber of Rooms: 10Types of Rooms: Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Primary Bathroom, Family Room, Flex Room, Kitchen, Living Room, Screened Porch
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 3Number of Bathrooms (full): 1Number of Bathrooms (three quarters): 2
Dimensions and Layout
Living Area: 2742 Square FeetFoundation Area: 1202
Appliances & Utilities
Appliances: Dishwasher, Disposal, Dryer, ENERGY STAR Qualified Appliances, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), WasherDishwasherDisposalDryerLaundry: In Hall,Laundry Closet,Lower Level,Main Level,Washer HookupMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Forced Air,In-Floor HeatingHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: 200+ Amp Service, Power Company: Xcel EnergyGas: Natural Gas
Levels, Entrance, & Accessibility
Stories: 1Levels: OneAccessibility: None
View
Has a ViewView: South, West, Lake

Exterior Features

Exterior Home Features
Roof: Age 8 Years Or Less AsphaltPatio / Porch: Composite Decking, Deck, Patio, Rear Porch, Screened
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1Other Parking: Garage Dimensions (20 x 11), Garage Door Height (7), Garage Door Width (10)No CarportHas a GarageHas an Attached GarageParking Spaces: 1Parking: Attached,Concrete,Insulated Garage
Frontage
WaterfrontWaterfront: Lake Front, Lake View, Waterfront Elevation(10-15), Lake Bottom(Weeds)Road Frontage: City Street, Cul De Sac, No Outlet/Dead EndResponsible for Road Maintenance: Public Maintained RoadRoad Surface Type: PavedOn Waterfront
Water & Sewer
Sewer: City Sewer/Connected
Finished Area
Finished Area (above surface): 1422 Square FeetFinished Area (below surface): 1152 Square Feet

Days on Market

Cumulative Days on Market: 4

Property Information

Year Built
Year Built: 1957
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family
Building
Construction Materials: BlockNot a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Parcel Number: 3511723320027

Price & Status

Price
List Price: $850,000Price Per Sqft: $334/sqft
Status Change & Dates
Off Market Date: Mon Mar 09 2026

Media

Location

Direction & Address
City: ExcelsiorCommunity: Zims Add
School Information
High School District: Minnetonka

Building

Building Area
Building Area: 2742 Square Feet

HOA

No HOA

Lot Information

Lot Area: 0.36 acres

Offer

Contingencies: None

Miscellaneous

BasementMls Number: 7021243Water ViewWater View: LakeAbove Grade Unfinished Area: 1422Activation Date: Thu Mar 05 2026
Last check for updates: about 13 hours ago
Listed by Lori P Schneck, (612) 868-4230
Coldwell Banker Realty
Bought with: Heidi Huseth, (651) 558-7433, RE/MAX Advantage Plus
Source: NorthstarMLS as distributed by MLS GRID, MLS#7021243

Price History for 516 Grace St

DatePriceEventSource
04/20/2026$915,000Sold
NorthstarMLS as distributed by MLS GRID #7021243
03/09/2026$850,000PendingNorthstarMLS as distributed by MLS GRID #7021243
03/05/2026$850,000Listed For SaleNorthstarMLS as distributed by MLS GRID #7021243
04/03/2020$380,000Sold
NorthstarMLS as distributed by MLS GRID #5334816
03/10/2020$375,000PendingToActiveAgent Provided
03/10/2020$375,000PendingAgent Provided
03/02/2020$375,000Listed For SaleAgent Provided
02/08/2012$385,000ListingRemovedN/A
02/06/2012$385,000Listed For SaleN/A

Market trends in Excelsior

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
7
1MoM
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Property Tax and Assessment

Year2025
Tax$7,329
Assessment$603,800
Home facts updated by county records

Comparable Sales for 516 Grace St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
6271 Cardinal Ave, Excelsior, MN
0.55
Single-Family Home
$636,000
01/13/26
4
3
2,740
647 Mill St, Excelsior, MN
0.16
Single-Family Home
$425,000
04/15/26
4
2
2,380
1570 Creek Run Trl, Excelsior, MN
0.47
Single-Family Home
$795,000
07/30/26
4
3.5
3,986
1561 Creek Run Trl, Excelsior, MN
0.49
Single-Family Home
$795,000
09/12/25
4
3.5
4,053
401 Highway 7, Excelsior, MN
0.17
Single-Family Home
$425,000
04/10/26
5
2
4,200
499 Wheeler Dr, Excelsior, MN
0.21
Single-Family Home
$475,000
02/06/26
3
2
1,952
21986 Bracketts Rd, Shorewood, MN
0.25
Single-Family Home
$500,000
09/30/25
3
2
2,079
400 Mill St, Excelsior, MN
0.12
Single-Family Home
$410,000
05/06/26
3
2
2,140
6040 Oakview Ct, Shorewood, MN
0.66
Single-Family Home
$720,000
04/30/26
3
2.5
3,325

Nearby homes

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Assigned Schools

These are the assigned schools for 516 Grace St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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

LGBTQ Local Legal Protections

Apartments for Rent

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Explore by feature - Pet Friendly

6 pet-friendly rentals in Excelsior, MN

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Explore by feature - Air Conditioning

7 rentals with air conditioning in Excelsior, MN

Explore by feature - Washer/dryer

8 rentals with a washer/dryer in Excelsior, MN

Homes for sale near 516 Grace St

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Off Market Homes Near 516 Grace St

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Frequently asked questions about 516 Grace St

  • What is 516 Grace St estimated to be worth?
    Trulia's estimated value for 516 Grace St in Excelsior, MN is $926,000.
  • What is the price history for 516 Grace St?
    516 Grace St in Excelsior, MN last sold for $915,000 in April 2026.
  • Is Excelsior a buyer's or seller's market?
    Excelsior is currently a seller's market, based on recent for-sale activity.
  • What do residents say about Excelsior?
    Residents describe Excelsior, MN as walkable to restaurants, dog-friendly, and pedestrian-friendly. See recently sold homes in Excelsior, MN.
  • Does 516 Grace St have air conditioning?
    Yes, 516 Grace St in Excelsior, MN has air conditioning.
  • Does 516 Grace St have laundry facilities?
    Yes, 516 Grace St in Excelsior, MN has in-unit laundry.
Based on information submitted to the MLS GRID as of 2026-08-07 10:58:19 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
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