Rare redevelopment opportunity on 1st Street - the “gem of all the streets” in the Village of Excelsior! Most of the homes on this quiet, one-way street are new or substantially renovated! Bring your vision to this gutted single-family home and create something truly special in one of the lake area’s most desirable and walkable communities. Renovate the existing structure or start fresh with new construction and take advantage of the property’s prime location and one block from Excelsior Commons, the swim beach, tennis courts, baseball diamond, and the City of Excelsior boat docks.
Architectural plans have already been developed with local architect Mike Sharratt, who has an as a great track record with the City of Excelsior, for a thoughtfully designed home that works beautifully with the small size of the lot. This will give the next owner an exciting head start on the possibilities.
Enjoy the best of the walkable Excelsior lifestyle just blocks from downtown, with restaurants, shops, coffee, parks, trails, beaches and Lake Minnetonka all close by. Opportunities to create a custom home in the Village are increasingly hard to find.
Bring your builder, your vision, and create something exceptional in Excelsior.
Active
Price cut: $25K (9/25)
$574,900
111 1st St, Excelsior, MN 55331
3beds
2,316sqft
Single Family
Built in 1915
2,613 Square Feet Lot
$561,500 Zestimate®
$248/sqft
$-- HOA
What's special
- 46 days
- 3,675
- 108
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Christopher J Dennis 612-229-9322,
Compass
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7122163
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- None
Cooling
- None
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 2,316
- Total interior livable area: 2,316 sqft
- Finished area above ground: 0
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, Asphalt, Driveway - Other Surface
- Has uncovered spaces: Yes
- Details: Garage Dimensions (0), Garage Door Height (0), Garage Door Width (0)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 2,613 Square Feet
- Dimensions: 75 x 36 x 75 x 36
Details
- Foundation area: 733
- Parcel number: 2711723430002
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Frame
- Roof: Asphalt,Pitched
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer - In Street
- Water: City Water - In Street
Community & HOA
Community
- Subdivision: Auditors Sub 135
HOA
- Has HOA: No
Location
- Region: Excelsior
Financial & listing details
- Price per square foot: $248/sqft
- Tax assessed value: $452,500
- Annual tax amount: $5,631
- Date on market: 8/17/2026
- Road surface type: Paved
Estimated market value
$561,500
$533,000 - $590,000
$4,501/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/25/2026 | Price change | $574,900-4.2%$248/sqft |
Source: | ||
| 8/21/2026 | Listed for sale | $599,900+31.8%$259/sqft |
Source: | ||
| 10/26/2021 | Sold | $455,000+1.1%$196/sqft |
Source: | ||
| 10/14/2021 | Pending sale | $449,900$194/sqft |
Source: | ||
| 10/9/2021 | Listed for sale | $449,900+36.7%$194/sqft |
Source: | ||
| 12/13/2019 | Sold | $329,000$142/sqft |
Source: | ||
| 11/20/2019 | Pending sale | $329,000$142/sqft |
Source: Coldwell Banker Burnet - Wayzata #5319831 Report a problem | ||
| 11/18/2019 | Listed for sale | $329,000+41.6%$142/sqft |
Source: Coldwell Banker Burnet #5319831 Report a problem | ||
| 8/8/2003 | Sold | $232,300+16.2%$100/sqft |
Source: Public Record Report a problem | ||
| 8/20/2002 | Sold | $200,000$86/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $5,631 +5% | $452,500 -1.5% |
| 2025 | $5,363 +18.5% | $459,500 +2.3% |
| 2024 | $4,528 +20.6% | $449,000 -0.9% |
| 2023 | $3,755 -28% | $453,200 +43.4% |
| 2022 | $5,212 +7% | $316,000 -21% |
| 2021 | $4,873 -3.8% | $400,000 +6.1% |
| 2020 | $5,065 +3.9% | $377,000 +2.4% |
| 2019 | $4,873 -3.8% | $368,000 +7.9% |
| 2018 | $5,065 +7.3% | $341,000 +11.8% |
| 2017 | $4,718 +11.2% | $305,000 +4.8% |
| 2016 | $4,242 +2.7% | $291,000 +7.8% |
| 2015 | $4,131 +6.7% | $270,000 +31.7% |
| 2014 | $3,871 +31.7% | $205,000 +1.5% |
| 2013 | $2,939 -6.6% | $202,000 -9.8% |
| 2012 | $3,148 -4.1% | $224,000 -5.9% |
| 2011 | $3,284 +8.4% | $238,000 -8.5% |
| 2010 | $3,030 +4.1% | $260,000 -1.9% |
| 2009 | $2,910 +8.4% | $265,000 +15% |
| 2006 | $2,684 +11% | $230,400 +15% |
| 2005 | $2,418 +10.9% | $200,400 +15% |
| 2004 | $2,179 +10.4% | $174,300 +17.1% |
| 2002 | $1,974 -39.2% | $148,900 |
| 2001 | $3,247 | -- |
Find assessor info on the county website
Monthly payment
Est. payment







