Charming one-story home in the heart of historic Excelsior Village, offering a rare opportunity to enjoy Lake Minnetonka living at an approachable price point. This 2-bedroom, 1-bath residence sits just steps from Water Street, where you can walk to numerous amazing restaurants, shops, Excelsior Commons, Kowalski's grocery, and the regional trail system.
The home itself provides a simple, functional layout ideal for a seasonal retreat, summer getaway, or low-maintenance year-round living. Enjoy morning coffee on the porch, evenings at the lake, and the convenience of being close to marinas, parks, and the vibrant downtown scene that defines Excelsior.
For those looking to build, the property also presents a prime custom build opportunity. Surrounded by high-end homes and ongoing investment in the area, this lot offers strong long-term potential. Listing agent has conceptual plans available for a new home designed to fit the site. Garage could be added to homesite.
Whether you’re looking for a “cabin in the city,” a weekend escape, or a future build site in one of Lake Minnetonka’s most sought-after communities, this property offers flexibility and location that are hard to replicate.
Closed
$725,000
147 1st St, Excelsior, MN 55331
2beds
1,482sqft
Single Family
Built in 1915
5,227.2 Square Feet Lot
$727,500 Zestimate®
$489/sqft
$2,314 Estimated rent
Home value
$727,500
$677,000 - $778,000
$2,314/mo
Zestimate® history
Owner options
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$2,314/mo
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$2,314/mo
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$4,589/mo
Est. payment
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$4,589/mo
Est. payment
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List your homeWhat's special
Simple functional layoutCharming one-story homeSurrounded by high-end homes
Zillow last checked:
Listing updated:
Listed by:
Christopher J Dennis 612-229-9322,
Compass
Bought with:
Christopher Anderson
Pemberton RE
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7027546
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Level: Main
- Area: 90 Square Feet
- Dimensions: 9x10
Bedroom 2
- Level: Main
- Area: 90 Square Feet
- Dimensions: 9x10
Deck
- Level: Main
- Area: 60 Square Feet
- Dimensions: 5x12
Dining room
- Level: Main
- Area: 64 Square Feet
- Dimensions: 8x8
Kitchen
- Level: Main
- Area: 80 Square Feet
- Dimensions: 8x10
Living room
- Level: Main
- Area: 140 Square Feet
- Dimensions: 10x14
Screened porch
- Level: Main
- Area: 81 Square Feet
- Dimensions: 9x9
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Laundry: In Basement
Features
- Basement: Block,Daylight
- Number of fireplaces: 1
- Fireplace features: Free Standing, Wood Burning, Wood Burning Stove
Interior area
- Total structure area: 1,482
- Total interior livable area: 1,482 sqft
- Finished area above ground: 741
- Finished area below ground: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Size: 5,227 sqft
- Dimensions: 37.5 x 132 x 39 x 132
- Features: Near Public Transit, Tree Coverage - Light
Details
- Foundation area: 741
- Parcel number: 2711723440005
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Block, Frame
- Roof: Asphalt,Pitched
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Excelsior
- Subdivision: Auditors Sub 135
HOA & financial
HOA
- Has HOA: No
Price history
| Date | Event | Price |
|---|---|---|
| 4/22/2026 | Sold | $725,000+11.6%$489/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7027546 Report a problem | ||
| 3/22/2026 | Pending sale | $649,900$439/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7027546 Report a problem | ||
| 3/19/2026 | Listed for sale | $649,900$439/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7027546 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,216 +21.2% | $591,500 +2.4% |
| 2024 | $5,952 +14.3% | $577,900 +15.5% |
| 2023 | $5,208 -8.7% | $500,500 +17.5% |
| 2022 | $5,701 +3.4% | $426,000 |
| 2021 | $5,515 +0.4% | $426,000 +3.4% |
| 2020 | $5,495 -0.4% | $412,000 +3.5% |
| 2019 | $5,515 +0.4% | $398,000 +7.6% |
| 2018 | $5,495 +7.3% | $370,000 +40.2% |
| 2017 | $5,119 +40.6% | $264,000 +4.8% |
| 2016 | $3,642 +2.7% | $252,000 +11.5% |
| 2015 | $3,546 +10.8% | $226,000 +28.4% |
| 2014 | $3,200 +19.8% | $176,000 -4.9% |
| 2013 | $2,670 -8.6% | $185,000 -11.5% |
| 2012 | $2,922 -6.1% | $209,000 -7.5% |
| 2011 | $3,111 +12.9% | $226,000 -5.4% |
| 2010 | $2,755 +4.5% | $239,000 -1.6% |
| 2009 | $2,637 +26.1% | $243,000 +30.9% |
| 2006 | $2,091 +11.5% | $185,700 +15% |
| 2005 | $1,876 +11.4% | $161,500 +14.9% |
| 2004 | $1,685 +5% | $140,500 +12% |
| 2002 | $1,605 -38.2% | $125,500 |
| 2001 | $2,595 | -- |
Find assessor info on the county website
Neighborhood: 55331
Nearby schools
GreatSchools rating
- 10/10Excelsior Elementary SchoolGrades: K-5Distance: 0.5 mi
- 9/10Minnetonka West Middle SchoolGrades: 6-8Distance: 1.5 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 2.8 mi
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Estimated market value
$727,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$727,500
- Minnesota
- Hennepin County
- Excelsior
- 55331
- 147 1st St
Nearby cities
Nearby zip codes
Other Excelsior Topics
