This to-be-built custom home by Zehnder Homes offers an exceptional opportunity to create a truly personalized luxury residence just two blocks from both Excelsior Commons and the charm of Water Street. Set on an 88' wide lot, this rare walkout lot provides the perfect setting for your dream home. Enjoy walkable access to Lake Minnetonka, local dining, shops, and year-round community events all from one of the most sought-after locations in the west metro. Designed with over 4,500 finished square feet, this five-bedroom, five-bath home will showcase the elevated craftsmanship and thoughtful design Zehnder Homes is known for. The open-concept main level is planned for both everyday living and effortless entertaining, featuring expansive living spaces, a gourmet kitchen with high-end appliances, custom cabinetry, and a generous butler's pantry. Upstairs, a luxurious primary suite will offer a spa-inspired bath and oversized walk-in closet, complemented by well appointed secondary bedrooms and convenient upper-level laundry. The walkout lower level provides additional living and entertaining space, featuring a recreation area, bar, and fitness room, all tailored to your lifestyle. With ample opportunity to collaborate on final plans, selections, and finishes, this home presents a unique chance to bring your vision to life in an unbeatable Excelsior location.
Active
$2,495,000
138 2nd St, Excelsior, MN 55331
5beds
4,527sqft
:
Get pre-qualified$14,875/mo
Single Family
Built in 2026
8,798 Square Feet Lot
$-- Zestimate®
$551/sqft
$-- HOA
What's special
Spa-inspired bathFitness roomOpen-concept main levelFive-bedroom five-bath homeWell appointed secondary bedroomsLuxurious primary suiteExpansive living spaces
- 128 days |
- 592 |
- 23 |
Zillow last checked:
Listing updated:
Listed by:
Eric N Zehnder 651-303-5747,
RE/MAX Results
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7046880
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 2
- 3/4 bathrooms: 2
- 1/2 bathrooms: 1
Bedroom
- Level: Upper
- Area: 252 Square Feet
- Dimensions: 18x14
Bedroom 2
- Level: Upper
- Area: 168 Square Feet
- Dimensions: 14x12
Bedroom 3
- Level: Upper
- Area: 182 Square Feet
- Dimensions: 14x13
Bedroom 4
- Level: Upper
- Area: 168 Square Feet
- Dimensions: 14x12
Bedroom 5
- Level: Lower
- Area: 144 Square Feet
- Dimensions: 12x12
Other
- Level: Lower
- Area: 130 Square Feet
- Dimensions: 13x10
Dining room
- Level: Main
- Area: 180 Square Feet
- Dimensions: 15x12
Exercise room
- Level: Lower
- Area: 170 Square Feet
- Dimensions: 17x10
Family room
- Level: Lower
- Area: 464 Square Feet
- Dimensions: 29x16
Great room
- Level: Main
- Area: 360 Square Feet
- Dimensions: 20x18
Kitchen
- Level: Main
- Area: 196 Square Feet
- Dimensions: 14x14
Loft
- Level: Lower
- Area: 120 Square Feet
- Dimensions: 12x10
Office
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10x10
Heating
- Forced Air, Humidifier, In-Floor Heating, Zoned
Cooling
- Central Air, Zoned
Appliances
- Included: Air-To-Air Exchanger, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, ENERGY STAR Qualified Appliances, Exhaust Fan, Freezer, Humidifier, Gas Water Heater, Water Filtration System, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Wall Oven, Washer, Water Softener Owned, Wine Cooler
- Laundry: Electric Dryer Hookup, Laundry Room, Sink, Upper Level
Features
- Basement: Drain Tiled,Finished,Full,Concrete,Sump Basket,Sump Pump,Tile Shower,Walk-Out Access
- Number of fireplaces: 1
- Fireplace features: Circulating, Gas, Living Room
Interior area
- Total structure area: 4,729
- Total interior livable area: 4,527 sqft
- Finished area above ground: 3,348
- Finished area below ground: 1,179
Property
Parking
- Total spaces: 3
- Parking features: Attached, Concrete, Electric Vehicle Charging Station(s), Floor Drain, Garage, Garage Door Opener, Heated Garage, Insulated Garage
- Attached garage spaces: 3
- Has uncovered spaces: Yes
- Details: Garage Dimensions (30x22), Garage Door Height (8), Garage Door Width (8)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Enclosed, Front Porch, Patio, Porch, Screened
- Pool features: None
- Fencing: None
Lot
- Size: 8,798 Square Feet
- Dimensions: 88 x 100
- Features: Near Public Transit, Sod Included in Price, Tree Coverage - Medium
Details
- Foundation area: 1379
- Parcel number: 3411723120095
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Concrete, Frame
- Roof: Age 8 Years or Less,Architectural Shingle,Asphalt,Pitched
Condition
- New construction: No
- Year built: 2026
Details
- Builder name: ZEHNDER HOMES INCORPORATED
Utilities & green energy
- Electric: Circuit Breakers, 200+ Amp Service, Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: Well
- Utilities for property: Underground Utilities
Community & HOA
Community
- Subdivision: Sheldons Add To Excelsior
HOA
- Has HOA: No
Location
- Region: Excelsior
Financial & listing details
- Price per square foot: $551/sqft
- Tax assessed value: $721,500
- Annual tax amount: $9,363
- Date on market: 4/1/2026
- Cumulative days on market: 48 days
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/9/2026 | Listed for sale | $2,495,000$551/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7046880 Report a problem | ||
| 4/6/2026 | Pending sale | $2,495,000$551/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7046880 Report a problem | ||
| 4/1/2026 | Listed for sale | $2,495,000+283.8%$551/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7046880 Report a problem | ||
| 2/6/2026 | Sold | $650,000$144/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7002593 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,967 +21.1% | $721,500 +2.3% |
| 2024 | $7,408 +17.7% | $705,000 +15.5% |
| 2023 | $6,294 -8.7% | $610,400 +17.6% |
| 2022 | $6,897 +3.8% | $519,000 |
| 2021 | $6,642 +0.3% | $519,000 +3.2% |
| 2020 | $6,623 -0.3% | $503,000 +3.5% |
| 2019 | $6,642 +0.3% | $486,000 +19.4% |
| 2018 | $6,623 +19.4% | $407,000 +16% |
| 2017 | $5,548 +14.6% | $351,000 +6.4% |
| 2016 | $4,839 +4.4% | $330,000 +8.9% |
| 2015 | $4,636 +8% | $303,000 +32.9% |
| 2014 | $4,292 +40.3% | $228,000 +6% |
| 2013 | $3,060 -9.1% | $215,000 -11.5% |
| 2012 | $3,365 -2.3% | $243,000 -8% |
| 2011 | $3,444 +7.2% | $264,000 -3.6% |
| 2010 | $3,213 +3.8% | $274,000 -2.1% |
| 2009 | $3,096 +6.5% | $280,000 +13.2% |
| 2006 | $2,908 +10.9% | $247,300 +15% |
| 2005 | $2,622 +10.8% | $215,100 +15% |
| 2004 | $2,367 +4.7% | $187,100 +12% |
| 2002 | $2,260 -39.7% | $167,100 |
| 2001 | $3,751 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 55331
Nearby schools
GreatSchools rating
- 10/10Excelsior Elementary SchoolGrades: K-5Distance: 0.4 mi
- 9/10Minnetonka West Middle SchoolGrades: 6-8Distance: 1.4 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 2.9 mi
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