540 Wheeler Dr, Excelsior, MN 55331
OFF MARKET

540 Wheeler Dr
Excelsior, MN 55331

  • 4 Beds
  • 2 Baths
  • 2,322 sqft (on 0.25 acres)

$545,800

Trulia Estimate
as of May 26, 2026
Est. Refi. Payment $3,355/mo*
Refinance Your Home

$545,800

Trulia Estimate
as of May 26, 2026
Est. Refi. Payment $3,355/mo*
Refinance Your Home
4 Beds
2 Baths
2,322 sqft
(on 0.25 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Great location and charming 4 bedroom home blocks from desirable Downtown Excelsior and Lake Minnetonka. In low traffic area. Home has been updated inside and out - new roof, low maintenance siding, newer windows. This is a walk up rambler with living spaces on upper level. Minnetonka schools, easy access to Highway 7.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.

Home Highlights

Parking
Garage
Outdoor
Patio, Deck
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
No Info

Home Details for 540 Wheeler Dr

Interior Features

Interior Details
BasementNumber of Rooms: 8
Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1
Appliances & Utilities
DishwasherDisposalDryerMicrowaveRefrigerator
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: AsphaltDeckExterior: WoodLawnPatio
Parking & Garage
GarageParking Spaces: 2Parking: Garage Attached

Property Information

Year Built
Year Built: 1959Year Updated: 1978
Property Type / Style
Property Type: Single Family HomeArchitecture: Ranch / Rambler

Community

Units in Building: 1

Lot Information

Lot Area: 0.25 acres

Price History for 540 Wheeler Dr

DatePriceEventSource
11/04/2016$334,500Sold
NorthstarMLS as distributed by MLS GRID #4742884
09/08/2016$345,000PriceChange
Agent Provided
08/08/2016$350,000PriceChange
Agent Provided
07/22/2016$359,000Listed For SaleAgent Provided
07/01/2011$237,000Sold
Lake Superior Area Realtors as distributed by MLS GRID #1398421
05/13/2011$229,900PriceChange
Agent Provided
03/11/2011$239,900Listed For SaleAgent Provided
02/02/2011$249,900ListingRemovedAgent Provided
11/19/2010$249,900Listed For SaleAgent Provided
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Property Tax and Assessment

Year2025
Tax$6,048
Assessment$481,700
Home facts updated by county records

Comparable Sales for 540 Wheeler Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
647 Mill St, Excelsior, MN
0.09
Single-Family Home
$425,000
04/15/26
4
2
2,380
550 Wheeler Dr, Excelsior, MN
0.02
Single-Family Home
$479,000
06/23/25
4
2
1,790
510 Wheeler Dr, Excelsior, MN
0.05
Single-Family Home
$490,000
05/27/25
4
2
1,990
499 Wheeler Dr, Excelsior, MN
0.11
Single-Family Home
$475,000
02/06/26
3
2
1,952
400 Mill St, Excelsior, MN
0.15
Single-Family Home
$410,000
05/06/26
3
2
2,140
703 2nd Ave, Excelsior, MN
0.13
Single-Family Home
$655,000
07/02/25
4
3
2,912
401 Highway 7, Excelsior, MN
0.28
Single-Family Home
$425,000
04/10/26
5
2
4,200
516 Grace St, Excelsior, MN
0.14
Single-Family Home
$915,000
04/20/26
4
3
2,742
21986 Bracketts Rd, Shorewood, MN
0.23
Single-Family Home
$500,000
09/30/25
3
2
1,589
351 Morse Ave, Excelsior, MN
0.29
Single-Family Home
$365,000
10/23/25
3
2.5
1,593

Nearby homes

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Assigned Schools

These are the assigned schools for 540 Wheeler Dr.
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

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Homes for sale near 540 Wheeler Dr

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Off Market Homes Near 540 Wheeler Dr

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540 Wheeler Dr, Excelsior, MN 55331 is a 4 bedroom, 2 bathroom, 2,322 sqft single-family home built in 1959. This property is not currently available for sale. 540 Wheeler Dr was last sold on Nov 4, 2016 for $334,500. The current Trulia Estimate for 540 Wheeler Dr is $545,800.