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

$923,500

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

516 Grace St, Excelsior, MN 55331

Est. Refi. Payment $5,975/mo*
Refinance Your Home
Currently Off Market - Sold Apr 20, 2026 for $915,000 (8% above list price)

Home Value

Trulia Estimate
$924K
Since last month
Decreased$2K (-0.2%)
Since last year
Increased$213K (+30%)
Since last sale
Increased$7K (+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 increased by +149% in the last 10 years
MonthEstimated value
2026
September 2026$922K
August 2026$924K
July 2026$925K
June 2026$914K
May 2026$919K
April 2026$916K
March 2026$848K
February 2026$719K
January 2026$670K
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
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
401 Highway 7, Excelsior, MN
0.17
Single-Family Home
$425,000
04/10/26
5
2
4,200
609 Mill St, Excelsior, MN
0.10
Single-Family Home
$366,000
08/31/26
3
2
1,560
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 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
542 3rd Ave, Excelsior, MN 55331
0.07
$599,000
4
2.5
2,612
For Sale
420 Mill St, Excelsior, MN 55331
0.11
$512,300
3
3
1,667
Off Market
400 Mill St, Excelsior, MN 55331
0.12
$410,000
3
2
2,140
Recently Sold
609 Mill St, Excelsior, MN 55331
0.10
$366,000
3
2
1,560
Recently Sold
550 Wheeler Dr, Excelsior, MN 55331
0.12
$488,200
4
2
2,814
Off Market
565 Wheeler Dr, Excelsior, MN 55331
0.11
$389,600
3
1.5
1,176
Off Market
332 Mill St, Excelsior, MN 55331
0.14
$405,000
2
2
1,274
Recently Sold
510 Wheeler Dr, Excelsior, MN 55331
0.16
$501,200
4
2
2,368
Off Market
401 Highway 7, Excelsior, MN 55331
0.17
$425,000
5
2
4,200
Recently Sold
647 Mill St, Excelsior, MN 55331
0.16
$425,000
4
2
2,380
Recently Sold
529 Wheeler Dr, Excelsior, MN 55331
0.18
$671,800
4
4
2,330
Off Market

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

Single-Family Home
Built in 1957
0.36 acre lot
2,742 sqft
$334/sqft
1 Car Garage

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). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $923,500, with a rent estimate of $7,476/month.
Last check for updates: about 11 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

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

Price and Tax history

DateEventPrice
Apr 20, 2026
Source: NorthstarMLS as distributed by MLS GRID #7021243
Sold
$915,000
Mar 9, 2026
Source: NorthstarMLS as distributed by MLS GRID #7021243
Pending
$850,000
Mar 5, 2026
Source: NorthstarMLS as distributed by MLS GRID #7021243
Listed For Sale
$850,000
Apr 3, 2020
Source: NorthstarMLS as distributed by MLS GRID #5334816
Sold
$380,000
Mar 10, 2020
Source: Agent Provided
PendingToActive
$375,000

Market trends in Excelsior

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
10
2MoM

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

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-09-22 13:38:15 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

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 $923,500.
  • 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.

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