Completed new construction! Breathtaking Peter Eskuche + Mikan collaboration offering the highest level of finish and stunning lake views throughout! Enjoy the unparalleled architectural details and open flowing floorplan offering walls of windows showcasing views overlooking Excelsior Bay. The main-level features light + bright spaces; gourmet kitchen with high-end appliances, coffee bar, prep area and walk-in pantry. Spacious family room with sliding glass doors that open to the large porch with phantom screens + electronic pergola, dipping pool/hot tub and unmatched water views, creating the perfect blend of indoor + outdoor living! The upper-level offers a loft with built-ins and beverage fridge; bonus room with fireplace + lake views; office area; two guest bedrooms and spacious primary suite with spa-like bathroom (heated floors)! Lower-level featuring unparalleled amenities including the large family room + game area; wet bar with beverage fridges; exercise room; sauna and golf simulator. Extra-deep 2-car garage (heated, sink, water spigot). Ideally located in the heart of Excelsior just steps to shops, restaurants and all the amenities downtown has to offer! Truly a must see!
Active
Price cut: $300K (7/22)
$4,195,000
254 Lake St, Excelsior, MN 55331
4beds
4,661sqft
Single Family
Built in 2024
6,969 Square Feet Lot
$4,017,800 Zestimate®
$900/sqft
$-- HOA
What's special
Prep areaWalk-in pantryUnmatched water viewsUnparalleled architectural detailsStunning lake views throughoutOpen flowing floorplanTwo guest bedrooms
- 54 days |
- 2,233 |
- 99 |
Zillow last checked:
Listing updated:
Listed by:
Jeffrey J Dewing 612-597-0424,
Coldwell Banker Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7097500
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 1
- 3/4 bathrooms: 2
- 1/2 bathrooms: 1
Bedroom
- Level: Upper
- Area: 217.5 Square Feet
- Dimensions: 15 x 14.5
Bedroom 2
- Level: Upper
- Area: 128 Square Feet
- Dimensions: 16 x 8
Bedroom 3
- Level: Upper
- Area: 128 Square Feet
- Dimensions: 16 x 8
Bedroom 4
- Level: Lower
- Area: 180 Square Feet
- Dimensions: 15 x 12
Other
- Level: Lower
- Area: 270 Square Feet
- Dimensions: 18 x 15
Other
- Level: Lower
- Area: 96 Square Feet
- Dimensions: 16 x 6
Bonus room
- Level: Upper
- Area: 288 Square Feet
- Dimensions: 18 x 16
Exercise room
- Level: Lower
- Area: 130 Square Feet
- Dimensions: 13 x 10
Family room
- Level: Main
- Area: 306 Square Feet
- Dimensions: 18 X 17
Family room
- Level: Lower
- Area: 304 Square Feet
- Dimensions: 19 x 16
Informal dining room
- Level: Main
- Area: 165 Square Feet
- Dimensions: 15 X 11
Kitchen
- Level: Main
- Area: 221 Square Feet
- Dimensions: 17 X 13
Screened porch
- Level: Main
- Area: 272 Square Feet
- Dimensions: 16 x 17
Sun room
- Level: Main
- Area: 165 Square Feet
- Dimensions: 15 x 11
Heating
- Forced Air, In-Floor Heating
Cooling
- Central Air
Appliances
- Included: Chandelier, Dishwasher, Dryer, Exhaust Fan, Humidifier, Microwave, Refrigerator, Stainless Steel Appliance(s), Wall Oven, Washer
- Laundry: Upper Level
Features
- Basement: Finished,Full
- Number of fireplaces: 2
- Fireplace features: Family Room
Interior area
- Total structure area: 4,661
- Total interior livable area: 4,661 sqft
- Finished area above ground: 2,983
- Finished area below ground: 1,678
Property
Parking
- Total spaces: 2
- Parking features: Attached, Heated Garage, Insulated Garage
- Attached garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Patio, Screened
- Has private pool: Yes
- Pool features: In Ground, Heated
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake View
Lot
- Size: 6,969 Square Feet
Details
- Foundation area: 1766
- Parcel number: 3411723110134
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Roof: Age 8 Years or Less
Condition
- New construction: Yes
- Year built: 2024
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Seamans Sub Of Lts 7 & 8 Excelsior
HOA
- Has HOA: No
Location
- Region: Excelsior
Financial & listing details
- Price per square foot: $900/sqft
- Tax assessed value: $1,046,900
- Annual tax amount: $14,117
- Date on market: 6/23/2026
- Cumulative days on market: 244 days
Estimated market value
$4,017,800
$3.82M - $4.22M
$6,061/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2026 | Price change | $4,195,000-6.7%$900/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7097500 Report a problem | ||
| 6/23/2026 | Listed for sale | $4,495,000-4.3%$964/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7097500 Report a problem | ||
| 6/23/2026 | Listing removed | $4,699,000$1,008/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7091778 Report a problem | ||
| 6/12/2026 | Listed for sale | $4,699,000-5.9%$1,008/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7091778 Report a problem | ||
| 6/12/2026 | Listing removed | $4,995,000$1,072/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7058891 Report a problem | ||
| 4/20/2026 | Listed for sale | $4,995,000-5.7%$1,072/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7058891 Report a problem | ||
| 4/17/2026 | Listing removed | $5,299,000$1,137/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6789422 Report a problem | ||
| 11/26/2025 | Price change | $5,299,000-7%$1,137/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6789422 Report a problem | ||
| 10/31/2025 | Listed for sale | $5,700,000+647.5%$1,223/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6789422 Report a problem | ||
| 2/3/2023 | Sold | $762,500+9.7%$164/sqft |
Source: Public Record Report a problem | ||
| 4/18/2008 | Sold | $695,000+10.4%$149/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1566012 Report a problem | ||
| 6/22/2006 | Sold | $629,500$135/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,981 +38.3% | $1,046,900 -1.5% |
| 2024 | $10,112 +18.2% | $1,063,100 +13.9% |
| 2023 | $8,558 -9.9% | $933,300 +18.7% |
| 2022 | $9,501 +4.1% | $786,000 +2.9% |
| 2021 | $9,130 -3% | $764,000 +3.1% |
| 2020 | $9,409 +3.1% | $741,000 |
| 2019 | $9,130 -3% | $741,000 -12.5% |
| 2018 | $9,409 -33.9% | $847,000 +2.2% |
| 2017 | $14,241 +23.5% | $829,000 +8.8% |
| 2016 | $11,530 +7.4% | $762,000 +13.2% |
| 2015 | $10,737 +10.4% | $673,000 +18.9% |
| 2014 | $9,727 +11.8% | $566,000 -1.6% |
| 2013 | $8,699 -0.7% | $575,000 -4.5% |
| 2012 | $8,756 +3.2% | $602,000 -0.3% |
| 2011 | $8,482 +0.2% | $604,000 -8.6% |
| 2010 | $8,464 +1.5% | $661,000 -3.9% |
| 2009 | $8,338 +36.4% | $687,600 +39.1% |
| 2006 | $6,111 +9.2% | $494,300 +15% |
| 2005 | $5,598 +9.7% | $429,900 +15% |
| 2004 | $5,102 +4.4% | $373,900 +12% |
| 2002 | $4,888 -41.7% | $333,900 |
| 2001 | $8,381 | -- |
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: 1.5 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 2.7 mi
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