Welcome to Kelly Cove - a true Lake Minnetonka gem! This corner unit townhome is the largest of the 4 townhomes in this private and serene community that offers an "up north" retreat lake lifestyle that is rare on Lake Minnetonka at this compelling price point. Perfectly nestled on over 2 acres of park like grounds with mature trees, glorious perennial gardens and breathtaking sunsets and 240 feet of lakeshore; this 3 bedroom townhome offers the best of all worlds. An updated home with jaw dropping sunset views, 2 fireplaces, wonderful multi tiered lakeside deck, and an expansive four season porch that will immediately conjure up emotions of "by gone" days at the lake with its historic refurbished bar, long sunset views over the private lagoon that is known for its great fishing and the convenience of your private 32 foot permanent dock with shore power offering quick boating access to A rated Carmens Bay and beyond. Recent updates include new HVAC, deck restoration, new water heater, new landscaping and concrete entry stairs, new carpet, new dishwasher , new dryer, kitchen updates; multiple improvements to create a meticulous and welcoming home.This private oasis is perfectly balanced with the convenience of strolling through the gate to grab a bite to eat at the Narrows or the Lake room, grabbing coffee and groceries at Lunds or frequenting the other businesses in Navarre. A perfect combination that makes the lake life easy and memorable.
Closed
$1,201,000
2497 Kelly Ave, Excelsior, MN 55331
3beds
2,201sqft
(TH) Side x Side
Built in 1977
2.3 Acres Lot
$1,201,100 Zestimate®
$546/sqft
$2,904 Estimated rent
Home value
$1,201,100
$1.12M - $1.29M
$2,904/mo
Zestimate® history
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$6,548/mo
Est. payment
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Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Mimi Bendickson 612-695-8321,
Compass,
Mollie Waychoff 952-221-3270
Bought with:
Greg Winegarden
Coldwell Banker Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7072044
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- 3/4 bathrooms: 2
Bedroom
- Level: Main
- Area: 384 Square Feet
- Dimensions: 16x24
Bedroom 2
- Level: Main
- Area: 130 Square Feet
- Dimensions: 10x13
Bedroom 3
- Level: Lower
- Area: 130 Square Feet
- Dimensions: 10x13
Family room
- Level: Main
- Area: 304 Square Feet
- Dimensions: 16x19
Family room
- Level: Lower
- Area: 304 Square Feet
- Dimensions: 16x19
Kitchen
- Level: Main
- Area: 120 Square Feet
- Dimensions: 10x12
Laundry
- Level: Lower
- Area: 88 Square Feet
- Dimensions: 8x11
Living room
- Level: Main
- Area: 280 Square Feet
- Dimensions: 14x20
Screened porch
- Level: Lower
- Area: 476 Square Feet
- Dimensions: 14x34
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer, Water Softener Owned
Features
- Basement: Daylight,Finished,Full,Walk-Out Access
- Number of fireplaces: 2
- Fireplace features: Family Room, Living Room, Wood Burning
Interior area
- Total structure area: 2,201
- Total interior livable area: 2,201 sqft
- Finished area above ground: 1,280
- Finished area below ground: 921
Property
Parking
- Total spaces: 2
- Parking features: Attached, Asphalt, Garage Door Opener, Tuckunder Garage
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Multi/Split
- Pool features: None
- Fencing: Wood
- Has view: Yes
- View description: Lake, West
- Has water view: Yes
- Water view: Lake
- Waterfront features: Channel Shore, Dock, Lake Front, Lake View
Lot
- Size: 2.30 Acres
- Dimensions: 10
- Features: Tree Coverage - Heavy
Details
- Foundation area: 968
- Parcel number: 2011723120051
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: Townhouse
- Property subtype: (TH) Side x Side
- Attached to another structure: Yes
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1977
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Excelsior
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $300 monthly
- Amenities included: Common Garden
- Services included: Lawn Care, Maintenance Grounds, Shared Amenities, Snow Removal
- Association name: Kelly Cove Homeowners Association
- Association phone: 612-386-6922
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Sold | $1,201,000+29.3%$546/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7072044 Report a problem | ||
| 5/16/2026 | Pending sale | $929,000$422/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7072044 Report a problem | ||
| 5/15/2026 | Listed for sale | $929,000+92.5%$422/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7072044 Report a problem | ||
| 3/27/2009 | Sold | $482,500+18.3%$219/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1537107 Report a problem | ||
| 9/17/2008 | Sold | $408,000-38.6%$185/sqft |
Source: Public Record Report a problem | ||
| 7/6/2006 | Sold | $665,000+6.4%$302/sqft |
Source: Public Record Report a problem | ||
| 11/9/2005 | Sold | $625,000$284/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,729 +6.7% | $807,200 +6% |
| 2024 | $7,243 +15.1% | $761,600 +2% |
| 2023 | $6,292 +40.2% | $746,500 +7.6% |
| 2022 | $4,489 0% | $694,000 +52.2% |
| 2021 | $4,491 -3.3% | $456,000 +3.2% |
| 2020 | $4,643 +3.4% | $442,000 +2.8% |
| 2019 | $4,491 -3.3% | $430,000 +2.6% |
| 2018 | $4,643 +5.7% | $419,000 +7.7% |
| 2017 | $4,393 +5.6% | $389,000 +4.3% |
| 2016 | $4,159 +4.3% | $373,000 +4.5% |
| 2015 | $3,989 +2.5% | $357,000 +4.1% |
| 2014 | $3,891 -14.2% | $343,000 -15.3% |
| 2013 | $4,534 -2.5% | $405,000 -6.3% |
| 2012 | $4,651 +5.6% | $432,000 -6.3% |
| 2011 | $4,403 -20.9% | $461,000 -25.2% |
| 2010 | $5,566 +4.7% | $616,000 -0.8% |
| 2009 | $5,314 +45.7% | $620,700 +52.1% |
| 2006 | $3,648 +6% | $408,200 +15% |
| 2005 | $3,440 +14% | $355,000 +15% |
| 2004 | $3,017 -2.7% | $308,700 +12% |
| 2002 | $3,101 -34.8% | $275,700 |
| 2001 | $4,759 | -- |
Find assessor info on the county website
Neighborhood: 55331
Nearby schools
GreatSchools rating
- 9/10Shirley Hills Primary SchoolGrades: K-4Distance: 2.3 mi
- 10/10Grandview Middle SchoolGrades: 5-7Distance: 3 mi
- 9/10Mound-Westonka High SchoolGrades: 8-12Distance: 3.4 mi
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Estimated market value
$1,201,100
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Estimated market value
$1,201,100
- Minnesota
- Hennepin County
- Orono
- 55331
- 2497 Kelly Ave
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