Beautifully nestled along a lush, gently sloping yard that leads to a quiet channel with direct access to Lake Minnetonka’s St. Albans Bay, this exceptional property blends privacy, comfort, and refined lakeside living. The serene setting is enhanced by new landscaping, mature trees, and peaceful water views. A new dock, boathouse, and canopy, along with fresh riprap shoreline boulders, elevate the waterfront experience and ensure long-lasting stability and enjoyment.
Inside, the open-concept main level is filled with natural light, highlighted by dramatic vaulted ceilings and a stunning wall of windows overlooking the backyard and water. Fresh interior paint throughout the home, paired with new carpet, new light fixtures, new plumbing fixtures, and updated fireplace surrounds, creates a clean, modern, and cohesive aesthetic. Wood floors add warmth and sophistication throughout the main living spaces.
The custom-designed kitchen is built for both everyday living and entertaining, featuring new countertops, high-end appliances, a large center island, and an expansive butler’s pantry. Adjacent living and dining spaces flow seamlessly together, anchored by a striking two-sided fireplace that enhances the inviting atmosphere. A vaulted four-season porch offers the perfect place to unwind and enjoy beautiful sunset views year-round.
The main-level primary suite provides a private retreat with a spacious walk-in closet and a fully remodeled spa-like bathroom completed in January 2026, featuring dual vanities, an oversized walk-in shower, and elevated finishes. A dedicated home office and a thoughtfully designed laundry room with abundant storage add convenience and functionality to the main floor.
Outdoors, the maintenance-free wraparound deck creates multiple areas for relaxing, dining, and taking in the tranquil surroundings. The exterior has been refreshed with new paint and new garage doors, complementing the home’s timeless curb appeal. The garage itself features new interior paint and is heated, offering year-round comfort and practicality.
The finished walkout lower level is designed for entertaining and recreation, complete with a full wet bar, billiards area, game room, and an expansive family room ideal for movie nights or watching the big game. Upstairs, two additional bedrooms are connected by a Jack-and-Jill bath, offering comfortable accommodations for family or guests.
Additional updates include a new HVAC system, ensuring year-round comfort and efficiency.
Located within the highly regarded Lake Minnetonka School District and just minutes from the shops, dining, and charm of downtown Excelsior, this home delivers an exceptional lifestyle defined by natural beauty, privacy, and convenient access to the best of Lake Minnetonka living.
Closed
$3,000,000
21500 Excelsior Blvd, Greenwood, MN 55331
4beds
4,873sqft
Single Family
Built in 1976
0.69 Acres Lot
$3,001,100 Zestimate®
$616/sqft
$5,115 Estimated rent
Home value
$3,001,100
$2.79M - $3.21M
$5,115/mo
Zestimate® history
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List your homeWhat's special
Updated fireplace surroundsLarge center islandNew landscapingStriking two-sided fireplaceNew plumbing fixturesPeaceful water viewsDramatic vaulted ceilings
Zillow last checked:
Listing updated:
Listed by:
Margaret P Trenary 612-554-0902,
Trenary Realty Group
Bought with:
Kimberly Ekelund
Trenary Realty Group
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7070946
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Main
- Area: 224 Square Feet
- Dimensions: 14x16
Bedroom 2
- Level: Upper
- Area: 236.25 Square Feet
- Dimensions: 13.5x17.5
Bedroom 3
- Level: Upper
- Area: 201.25 Square Feet
- Dimensions: 11.5x17.5
Primary bathroom
- Level: Main
- Area: 166.25 Square Feet
- Dimensions: 17.5x9.5
Other
- Level: Lower
- Area: 112 Square Feet
- Dimensions: 8x14
Dining room
- Level: Main
- Area: 168 Square Feet
- Dimensions: 14x12
Exercise room
- Level: Lower
- Area: 318.5 Square Feet
- Dimensions: 13x24.5
Flex room
- Level: Lower
- Area: 184 Square Feet
- Dimensions: 11.5x16
Foyer
- Level: Main
- Area: 70 Square Feet
- Dimensions: 10x7
Game room
- Level: Lower
- Area: 182 Square Feet
- Dimensions: 14x13
Informal dining room
- Level: Main
- Area: 58.5 Square Feet
- Dimensions: 9x6.5
Kitchen
- Level: Main
- Area: 220 Square Feet
- Dimensions: 20x11
Laundry
- Level: Main
- Area: 45 Square Feet
- Dimensions: 6x7.5
Living room
- Level: Main
- Area: 234 Square Feet
- Dimensions: 18x13
Media room
- Level: Lower
- Area: 178.25 Square Feet
- Dimensions: 15.5x11.5
Mud room
- Level: Main
- Area: 55 Square Feet
- Dimensions: 10x5.5
Office
- Level: Main
- Area: 155.25 Square Feet
- Dimensions: 13.5x11.5
Walk in closet
- Level: Main
- Area: 87.5 Square Feet
- Dimensions: 17.5x5
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Air-To-Air Exchanger, Dishwasher, Double Oven, Dryer, Electronic Air Filter, Electric Water Heater, ENERGY STAR Qualified Appliances, Freezer, Humidifier, Gas Water Heater, Water Filtration System, Iron Filter, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Wall Oven, Washer, Water Softener Owned, Wine Cooler
- Laundry: Electric Dryer Hookup, Main Level, Sink, Washer Hookup
Features
- Basement: Daylight,Drainage System,Egress Window(s),Finished,Full,Storage Space,Sump Basket,Sump Pump,Tile Shower,Walk-Out Access
- Number of fireplaces: 1
- Fireplace features: Double Sided, Circulating, Family Room, Gas, Living Room
Interior area
- Total structure area: 4,873
- Total interior livable area: 4,873 sqft
- Finished area above ground: 2,981
- Finished area below ground: 1,690
Property
Parking
- Total spaces: 3
- Parking features: Attached, Asphalt, Floor Drain, Garage, Heated Garage, Insulated Garage
- Attached garage spaces: 3
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Composite Decking, Deck, Front Porch
- Waterfront features: Channel Shore, Dock
- Frontage length: Water Frontage: 109
Lot
- Size: 0.69 Acres
- Dimensions: 195 x 225 x 109 x 260
- Features: Tree Coverage - Medium
Details
- Foundation area: 1892
- Parcel number: 3511723120013
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Block, Post and Beam, Concrete, Frame, Steel Siding, Stone
- Roof: Age Over 8 Years,Asphalt
Condition
- New construction: No
- Year built: 1976
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Greenwood
- Subdivision: Partridge Heights
HOA & financial
HOA
- Has HOA: No
Price history
| Date | Event | Price |
|---|---|---|
| 5/26/2026 | Sold | $3,000,000$616/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7070946 Report a problem | ||
| 5/19/2026 | Pending sale | $3,000,000$616/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7070946 Report a problem | ||
| 5/19/2026 | Listed for sale | $3,000,000+88.7%$616/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7070946 Report a problem | ||
| 9/18/2020 | Sold | $1,590,000$326/sqft |
Source: Public Record Report a problem | ||
| 6/26/2020 | Sold | $1,590,000-0.6%$326/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5572708 Report a problem | ||
| 6/14/2020 | Listed for sale | $1,599,000$328/sqft |
Source: RE/MAX Advantage Plus #5572708 Report a problem | ||
| 6/14/2020 | Pending sale | $1,599,000$328/sqft |
Source: RE/MAX Advantage Plus #5572708 Report a problem | ||
| 6/14/2020 | Pending sale | $1,599,000$328/sqft |
Source: RE/MAX Advantage Plus #5572708 Report a problem | ||
| 6/3/2020 | Listed for sale | $1,599,000+116.2%$328/sqft |
Source: RE/MAX Advantage Plus #5572708 Report a problem | ||
| 2/10/2006 | Sold | $739,480$152/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $20,212 +7.5% | $1,834,800 +8.7% |
| 2024 | $18,805 +2.6% | $1,687,800 +0.6% |
| 2023 | $18,321 +26.5% | $1,678,300 +4.2% |
| 2022 | $14,487 +16.7% | $1,610,000 +38.3% |
| 2021 | $12,410 +2.6% | $1,164,000 +17.6% |
| 2020 | $12,097 -2.5% | $990,000 +7.1% |
| 2019 | $12,410 +2.6% | $924,000 +8.8% |
| 2018 | $12,097 +7% | $849,000 +1.9% |
| 2017 | $11,302 +0.2% | $833,000 +4.5% |
| 2016 | $11,274 +2% | $797,000 |
| 2015 | $11,053 -0.1% | $797,000 +5% |
| 2014 | $11,068 +4.2% | $759,000 +0.3% |
| 2013 | $10,626 -1.2% | $757,000 -5% |
| 2012 | $10,752 -2.4% | $797,000 -6.2% |
| 2011 | $11,012 +7.8% | $850,000 -1.4% |
| 2010 | $10,211 +9.8% | $862,000 +6% |
| 2009 | $9,295 +45.8% | $813,000 +46.8% |
| 2006 | $6,376 +14.5% | $554,000 +16% |
| 2005 | $5,569 +5.7% | $477,400 +15% |
| 2004 | $5,268 +10% | $415,200 +12% |
| 2002 | $4,789 -43.7% | $370,800 |
| 2001 | $8,508 | -- |
Find assessor info on the county website
Neighborhood: 55331
Nearby schools
GreatSchools rating
- 10/10Excelsior Elementary SchoolGrades: K-5Distance: 0.8 mi
- 9/10Minnetonka West Middle SchoolGrades: 6-8Distance: 1.8 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 2.1 mi
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Estimated market value
$3,001,100
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Estimated market value
$3,001,100
- Minnesota
- Hennepin County
- Greenwood
- 55331
- 21500 Excelsior Blvd
Nearby cities
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