Welcome home to this move-in ready property, located in the highly sought-after Minnetonka School District. The fabulous kitchen shines with enameled cabinetry, stainless steel appliances, a beautiful tile backsplash, and a sun-filled window that adds warmth and natural light. Freshly painted interiors and newer carpet throughout make this home truly turnkey. The spacious primary bedroom features a walk-in closet with a custom organizer, offering both comfort and functionality. Step outside to enjoy the newer oversized deck—perfect for entertaining or relaxing—overlooking a generous, oversized lot. Ideally situated just a short walk to all the charm, dining, shopping, and events of downtown Excelsior, this home offers the best of Lake Minnetonka living. Don’t miss this wonderful opportunity to live in one of the area’s most coveted communities.
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Street View
$475,000
499 Wheeler Dr, Excelsior, MN 55331
3beds
1,952sqft
Single Family Residence
Built in 1978
0.26 Acres Lot
$478,800 Zestimate®
$243/sqft
$4,371 Estimated rent
Home value
$478,800
$440,000 - $517,000
$4,371/mo
Zestimate® history
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$3,057/mo
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Zillow last checked:
Listing updated:
Listed by:
Jennifer L Morris 952-937-8600,
Edina Realty, Inc.,
Andrew Baer 612-296-2999
Bought with:
Kevin L Andvik
Coldwell Banker Realty - Southwest Regional
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7000715
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Bedroom
- Level: Main
- Area: 234 Square Feet
- Dimensions: 18x13
Bedroom 2
- Level: Lower
- Area: 108 Square Feet
- Dimensions: 12x9
Bedroom 3
- Level: Lower
- Area: 72 Square Feet
- Dimensions: 9x8
Deck
- Area: 63 Square Feet
- Dimensions: 9x7
Dining room
- Level: Main
- Area: 88 Square Feet
- Dimensions: 11x8
Family room
- Level: Lower
- Area: 216 Square Feet
- Dimensions: 18x12
Kitchen
- Level: Main
- Area: 80 Square Feet
- Dimensions: 10x8
Laundry
- Level: Lower
- Area: 80 Square Feet
- Dimensions: 10x8
Living room
- Level: Main
- Area: 180 Square Feet
- Dimensions: 15x12
Mud room
- Level: Lower
- Area: 70 Square Feet
- Dimensions: 10x7
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer
- Laundry: Lower Level, Laundry Room
Features
- Basement: Daylight,Finished
- Has fireplace: No
Interior area
- Total structure area: 1,952
- Total interior livable area: 1,952 sqft
- Finished area above ground: 976
- Finished area below ground: 976
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage, Garage Door Opener
- Garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Multi/Split
Lot
- Size: 0.26 Acres
- Dimensions: 153 x 77 x 156 x 70
Details
- Foundation area: 976
- Parcel number: 3511723230026
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1978
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Auditors Sub 120
HOA
- Has HOA: No
Location
- Region: Excelsior
Financial & listing details
- Price per square foot: $243/sqft
- Tax assessed value: $503,800
- Annual tax amount: $5,936
- Date on market: 12/16/2025
- Cumulative days on market: 14 days
Price history
| Date | Event | Price |
|---|---|---|
| 2/6/2026 | Sold | $475,000-2.9%$243/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7000715 Report a problem | ||
| 1/2/2026 | Pending sale | $489,000$251/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7000715 Report a problem | ||
| 12/19/2025 | Listed for sale | $489,000+33.1%$251/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7000715 Report a problem | ||
| 12/13/2025 | Listing removed | $2,900$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/8/2025 | Price change | $2,900+3.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/23/2025 | Listed for rent | $2,800+3.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 5/10/2018 | Listing removed | $2,700$1/sqft |
Source: Owner Report a problem | ||
| 4/8/2018 | Listed for rent | $2,700$1/sqft |
Source: Owner Report a problem | ||
| 8/31/2017 | Sold | $367,500+28.9%$188/sqft |
Source: NorthstarMLS as distributed by MLS GRID #4874934 Report a problem | ||
| 12/17/2012 | Sold | $285,000-3.4%$146/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1973838 Report a problem | ||
| 10/19/2012 | Listed for sale | $295,000+36.3%$151/sqft |
Source: Coldwell Banker Burnet - Wayzata #4311300 Report a problem | ||
| 1/22/2003 | Sold | $216,500$111/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,936 +7.9% | $503,800 +1.1% |
| 2024 | $5,500 +4% | $498,300 +5.2% |
| 2023 | $5,288 +1.7% | $473,800 +6.5% |
| 2022 | $5,200 +5.2% | $445,000 +11.3% |
| 2021 | $4,942 +5.7% | $400,000 +4.7% |
| 2020 | $4,673 -5.4% | $382,000 +8.5% |
| 2019 | $4,942 +5.7% | $352,000 +3.2% |
| 2018 | $4,673 +58.2% | $341,000 +6.9% |
| 2017 | $2,954 -30.8% | $319,000 +3.6% |
| 2016 | $4,269 +1.6% | $308,000 +9.2% |
| 2015 | $4,202 +8.7% | $282,000 +46.1% |
| 2014 | $3,865 +47.8% | $193,000 -0.5% |
| 2013 | $2,614 -5.4% | $194,000 -8.5% |
| 2012 | $2,763 +1.5% | $212,000 -0.9% |
| 2011 | $2,721 +1.7% | $214,000 -8.2% |
| 2010 | $2,676 +1.9% | $233,000 -3.7% |
| 2009 | $2,625 -5.7% | $242,000 +1.7% |
| 2006 | $2,785 +4.4% | $238,000 +9% |
| 2005 | $2,667 +10.7% | $218,300 +15% |
| 2004 | $2,408 +4.8% | $189,900 +12% |
| 2002 | $2,299 -39.8% | $169,600 |
| 2001 | $3,820 | -- |
Find assessor info on the county website
Neighborhood: 55331
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Nearby schools
GreatSchools rating
- 10/10Excelsior Elementary SchoolGrades: K-5Distance: 0.4 mi
- 9/10Minnetonka West Middle SchoolGrades: 6-8Distance: 1.4 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 2.5 mi
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Estimated market value
$478,800
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Estimated market value
$478,800
- Minnesota
- Hennepin County
- Excelsior
- 55331
- 499 Wheeler Dr
Nearby cities
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