540 Wheeler Dr, Excelsior, MN 55331
Property image
Property image
OFF MARKET

540 Wheeler Dr
Excelsior, MN 55331

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

$538,000

Trulia Estimate
as of Aug 24, 2026
Est. Refi. Payment $3,352/mo*
Refinance Your Home

$538,000

Trulia Estimate
as of Aug 24, 2026
Est. Refi. Payment $3,352/mo*
Refinance Your Home
4 Beds
2 Baths
2,322 sqft
(on 0.25 acres)

Home Value

Trulia Estimate
$538K
Since last month
Decreased$6K (-1.2%)
Since last year
Increased$13K (+2.5%)
Since last sale
Increased$203K (+60.7%)
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 +54% in the last 10 years
MonthEstimated value
2026
August 2026$538K
July 2026$544K
June 2026$545K
May 2026$544K
April 2026$546K
March 2026$538K
February 2026$528K
January 2026$515K
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
647 Mill St, Excelsior, MN
0.09
Single-Family Home
$425,000
04/15/26
4
2
2,380
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
332 Mill St, Excelsior, MN
0.16
Single-Family Home
$405,000
05/22/26
2
2
1,274
21986 Bracketts Rd, Shorewood, MN
0.23
Single-Family Home
$500,000
09/30/25
3
2
2,079
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
809 Hidden Ln, Excelsior, MN
0.32
Single-Family Home
$475,000
01/07/26
3
2
1,620
330 Division St, Excelsior, MN
0.17
Single-Family Home
$375,000
06/26/26
2
1
1,167
1 Maclynn Rd, Excelsior, MN
0.43
Single-Family Home
$1,385,000
08/29/25
4
3.5
2,314

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
565 Wheeler Dr, Excelsior, MN 55331
0.05
$391,600
3
1.5
1,176
Off Market
550 Wheeler Dr, Excelsior, MN 55331
0.02
$489,700
4
2
2,814
Off Market
647 Mill St, Excelsior, MN 55331
0.09
$425,000
4
2
2,380
Recently Sold
529 Wheeler Dr, Excelsior, MN 55331
0.05
$671,800
4
4
2,330
Off Market
510 Wheeler Dr, Excelsior, MN 55331
0.05
$503,600
4
2
2,368
Off Market
536 Division St, Excelsior, MN 55331
0.10
$571,400
4
2
1,974
Off Market
529 Division St, Excelsior, MN 55331
0.14
$770,900
5
3.5
3,166
Off Market
542 3rd Ave, Excelsior, MN 55331
0.11
$629,000
4
2.5
2,612
For Sale
499 Wheeler Dr, Excelsior, MN 55331
0.11
$475,000
3
2
1,952
Recently Sold
516 Grace St, Excelsior, MN 55331
0.14
$915,000
4
3
2,742
Recently Sold
416 Division St, Excelsior, MN 55331
0.14
$499,900
3
2
1,693
Off Market
5897 Division St, Shorewood, MN 55331
0.20
$811,600
5
4
3,223
Off Market

Local Information

  • Map ViewExplore the area around 540 Wheeler Dr.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1959
Lot Size
0.25 acres
Living Area
2,322 sqft
Price/Sqft
$232
Parking
Garage

About this House

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.
540 Wheeler Dr, Excelsior, MN 55331 is a 4 bedroom, 2 bathroom, 2,322 sqft single-family home built in 1959. It last sold for $334,500 on Nov 4, 2016. It is currently off market. The Trulia Estimate is $538,000, with a rent estimate of $5,770/month.

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 and Tax history

DateEventPrice
Nov 4, 2016
Source: NorthstarMLS as distributed by MLS GRID #4742884
Sold
$334,500
Sep 8, 2016
Source: Agent Provided
PriceChange
$345,000
Price decreased by 1%
Aug 8, 2016
Source: Agent Provided
PriceChange
$350,000
Price decreased by 3%
Jul 22, 2016
Source: Agent Provided
Listed For Sale
$359,000
Jul 1, 2011
Source: Lake Superior Area Realtors as distributed by MLS GRID #1398421
Sold
$237,000

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

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

Frequently asked questions about 540 Wheeler Dr

  • What is 540 Wheeler Dr estimated to be worth?
    Trulia's estimated value for 540 Wheeler Dr in Excelsior, MN is $538,000.
  • What is the price history for 540 Wheeler Dr?
    540 Wheeler Dr in Excelsior, MN last sold for $334,500 in November 2016.
  • 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 540 Wheeler Dr have air conditioning?
    Yes, 540 Wheeler Dr in Excelsior, MN has air conditioning.
  • How big is the lot at 540 Wheeler Dr?
    The lot at 540 Wheeler Dr in Excelsior, MN is about 0.25 acres (10,934 sq ft).

Explore by feature - Pet Friendly

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Explore by feature - Air Conditioning

11 rentals with air conditioning in Excelsior, MN

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10 rentals with a washer/dryer in Excelsior, MN

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Off Market Homes Near 540 Wheeler Dr

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