Rare new construction in the heart of Excelsior—just blocks from The Port of Excelsior Lake Minnetonka, downtown dining, shops, Kowalski’s Market, Excelsior Commons, the beach, docks, and year-round recreation. Excelsior residents are eligible to apply for the City’s seasonal residential dock and mooring program, with additional private seasonal marina options nearby on Excelsior Bay.
Designed by renowned local design firm Rauscher & Associates, this custom-built, fully finished rambler combines refined luxury with effortless one-level living. Soaring vaulted ceilings and an open, light-filled floor plan lead to a dramatic statement fireplace and chef-inspired kitchen featuring quartz countertops, custom cabinetry, a walk-in pantry, and oversized island.
The main level includes a private primary suite with walk-in closet and beautifully appointed bath, dedicated office, and convenient laundry. The fully finished lower level offers a spacious family room, three additional bedrooms, and two bathrooms—ideal for guests, entertaining, work-from-home space, or multi-generational living.
Enjoy nearby regional trails toward Carver Park and everything that makes Excelsior one of Lake Minnetonka’s most desirable communities. A rare opportunity to pair the walkability and lake lifestyle of Excelsior with the comfort, quality, and sophistication of brand-new construction.
Active
$1,799,000
163 2nd St, Excelsior, MN 55331
4beds
2,633sqft
Single Family
Built in 2026
7,840 Square Feet Lot
$1,761,600 Zestimate®
$683/sqft
$-- HOA
What's special
- 27 days
- 1,247
- 33
Zillow last checked:
Listing updated:
Listed by:
Price Realty 612-502-5500,
eXp Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7158613
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Main
- Area: 182 Square Feet
- Dimensions: 13x14
Bedroom 2
- Level: Lower
- Area: 154 Square Feet
- Dimensions: 11x14
Bedroom 3
- Level: Lower
- Area: 169 Square Feet
- Dimensions: 13x13
Bedroom 4
- Level: Lower
- Area: 144 Square Feet
- Dimensions: 12x12
Primary bathroom
- Level: Main
- Area: 154 Square Feet
- Dimensions: 11x14
Family room
- Level: Lower
- Area: 315 Square Feet
- Dimensions: 15x21
Kitchen
- Level: Main
- Area: 208 Square Feet
- Dimensions: 16x13
Laundry
- Level: Main
- Area: 42 Square Feet
- Dimensions: 6x7
Living room
- Level: Main
- Area: 400 Square Feet
- Dimensions: 16x25
Mud room
- Level: Main
- Area: 48 Square Feet
- Dimensions: 6x8
Office
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Walk in closet
- Level: Main
- Area: 72 Square Feet
- Dimensions: 9x8
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Air-To-Air Exchanger, Cooktop, Dishwasher, Dryer, Exhaust Fan, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliance(s), Wall Oven, Washer
- Laundry: Electric Dryer Hookup, Laundry Room, Main Level, Washer Hookup
Features
- Basement: Finished,Full
- Number of fireplaces: 1
- Fireplace features: Electric, Living Room
Interior area
- Total structure area: 2,742
- Total interior livable area: 2,633 sqft
- Finished area above ground: 1,378
- Finished area below ground: 1,255
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
- Details: Garage Dimensions (22x22), Garage Door Height (8), Garage Door Width (18)
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Front Porch
Lot
- Size: 7,840 Square Feet
- Dimensions: 66 x 124 x 61 x 123
- Features: Tree Coverage - Light
Details
- Foundation area: 1378
- Parcel number: 3411723120175
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Concrete, Frame
- Roof: Architectural Shingle
Condition
- New construction: Yes
- Year built: 2026
Details
- Builder name: PRICE HOMES
Utilities & green energy
- Electric: 200+ Amp Service
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Auditors Sub 135
HOA
- Has HOA: No
Location
- Region: Excelsior
Financial & listing details
- Price per square foot: $683/sqft
- Tax assessed value: $619,200
- Annual tax amount: $9,186
- Date on market: 10/14/2026
- Cumulative days on market: 80 days
- Road surface type: Paved
Estimated market value
$1,761,600
$1.67M - $1.85M
$5,371/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/14/2026 | Listed for sale | $1,799,000-2.8%$683/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7158613 Report a problem | ||
| 10/13/2026 | Listing removed | $1,850,000$703/sqft |
Source: eXp Realty #7126003 Report a problem | ||
| 8/22/2026 | Listed for sale | $1,850,000$703/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7126003 Report a problem | ||
| 7/12/2026 | Listing removed | $1,850,000$703/sqft |
Source: eXp Realty #7047304 Report a problem | ||
| 4/16/2026 | Listed for sale | $1,850,000+5.7%$703/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7047304 Report a problem | ||
| 3/13/2026 | Listing removed | $1,750,000+265.7%$665/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6699392 Report a problem | ||
| 3/9/2026 | Sold | $478,500-4.3%$182/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6697415 Report a problem | ||
| 8/19/2025 | Pending sale | $499,900-71.4%$190/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6697415 Report a problem | ||
| 6/12/2025 | Price change | $1,750,000+250.1%$665/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6699392 Report a problem | ||
| 6/12/2025 | Price change | $499,900-73%$190/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6697415 Report a problem | ||
| 4/10/2025 | Price change | $1,850,000+245.8%$703/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6699392 Report a problem | ||
| 4/4/2025 | Listed for sale | $535,000+18.9%$203/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6697415 Report a problem | ||
| 2/25/2022 | Sold | $450,000-15.1%$171/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6104439 Report a problem | ||
| 2/18/2022 | Pending sale | $529,900$201/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6104439 Report a problem | ||
| 12/29/2021 | Price change | $529,900-1.9%$201/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6104439 Report a problem | ||
| 11/1/2021 | Listed for sale | $539,900$205/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6104439 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $9,187 +5.1% | $619,200 -1.5% |
| 2025 | $8,739 +19.2% | $628,800 +2.3% |
| 2024 | $7,330 +15.6% | $614,400 +15.5% |
| 2023 | $6,339 | $531,800 +18.2% |
| 2022 | -- | $450,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 55331
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