Main floor living in Excelsior with private water views! Fully remodeled to the studs in 2020/2021 and re-crafted with a nod to its midcentury heritage while adding all the necessary spaces and amenities for today's living. Open Kitchen with large island and a built in bistro bench offers fabulous views of the lake and graciously welcomes the the sunlight thru its large lakeside windows. 2 bedrooms & 2 bathrooms on main including a true primary suite boasting; dual sinks, large shower, walk in closet and a screen porch. A 2nd large bedroom on main offers flexible space for lakeside bedroom/office/den with a 2nd full bath & laundry rounding out the main level. In the full walk out lower level you'll find 2 bedrooms and refreshed 3/4 bath giving room for guests who will all want to visit your new home in Excelsior - as well as a family room and a flex/exercise room! New deck and circle concrete driveway as well as all new windows, roof, gutters, siding & landscaping make this a truly turn key offering all an easy walk into the Village and all it has to offer. The perfect size with thoughtful layout and touches - this home punches above it's weight with spaces, finishes and location.
Closed
$915,000
516 Grace St, Excelsior, MN 55331
4beds
2,742sqft
Single Family
Built in 1957
0.36 Acres Lot
$917,400 Zestimate®
$334/sqft
$6,299 Estimated rent
Home value
$917,400
$853,000 - $991,000
$6,299/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Lori P Schneck 612-868-4230,
Coldwell Banker Realty
Bought with:
Heidi Huseth
RE/MAX Advantage Plus
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7021243
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 2
Bedroom
- Level: Main
- Area: 266 Square Feet
- Dimensions: 19 x 14
Bedroom 2
- Level: Main
- Area: 195 Square Feet
- Dimensions: 15 x 13
Bedroom 3
- Level: Lower
- Area: 143 Square Feet
- Dimensions: 13 x 11
Bedroom 4
- Level: Lower
- Area: 99 Square Feet
- Dimensions: 11 x 9
Primary bathroom
- Level: Main
- Area: 156 Square Feet
- Dimensions: 13 x 12
Family room
- Level: Lower
- Area: 312 Square Feet
- Dimensions: 24x13
Flex room
- Level: Lower
- Area: 154 Square Feet
- Dimensions: 14 x 11
Kitchen
- Level: Main
- Area: 204 Square Feet
- Dimensions: 17 x 12
Living room
- Level: Main
- Area: 252 Square Feet
- Dimensions: 21 x 12
Screened porch
- Level: Main
- Area: 112 Square Feet
- Dimensions: 14 x 8
Heating
- Forced Air, In-Floor Heating
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, ENERGY STAR Qualified Appliances, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer
- Laundry: In Hall, Laundry Closet, Lower Level, Main Level, Washer Hookup
Features
- Basement: Block,Egress Window(s),Full,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 2,742
- Total interior livable area: 2,742 sqft
- Finished area above ground: 1,422
- Finished area below ground: 1,152
Property
Parking
- Total spaces: 1
- Parking features: Attached, Concrete, Insulated Garage
- Attached garage spaces: 1
- Details: Garage Dimensions (20 x 11), Garage Door Height (7), Garage Door Width (10)
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Composite Decking, Deck, Patio, Rear Porch, Screened
- Has view: Yes
- View description: South, West, Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake Front, Lake View, Waterfront Elevation(10-15), Lake Bottom(Weeds)
Lot
- Size: 0.36 Acres
- Dimensions: 81 x 201
- Features: Tree Coverage - Medium
Details
- Foundation area: 1202
- Parcel number: 3511723320027
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Block
- Roof: Age 8 Years or Less,Asphalt
Condition
- New construction: No
- Year built: 1957
Utilities & green energy
- Electric: 200+ Amp Service, Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Zims Add
HOA
- Has HOA: No
Location
- Region: Excelsior
Financial & listing details
- Price per square foot: $334/sqft
- Tax assessed value: $603,800
- Annual tax amount: $7,073
- Date on market: 2/26/2026
- Cumulative days on market: 4 days
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/20/2026 | Sold | $915,000+7.6%$334/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7021243 Report a problem | ||
| 3/9/2026 | Pending sale | $850,000$310/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7021243 Report a problem | ||
| 3/5/2026 | Listed for sale | $850,000+123.7%$310/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7021243 Report a problem | ||
| 4/3/2020 | Sold | $380,000+1.3%$139/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5334816 Report a problem | ||
| 3/10/2020 | Listed for sale | $375,000$137/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5334816 Report a problem | ||
| 3/10/2020 | Pending sale | $375,000$137/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5334816 Report a problem | ||
| 3/2/2020 | Listed for sale | $375,000-2.6%$137/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5334816 Report a problem | ||
| 2/8/2012 | Listing removed | $385,000$140/sqft |
Source: Owner Report a problem | ||
| 2/6/2012 | Listed for sale | $385,000$140/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,329 +14.8% | $603,800 +4.6% |
| 2024 | $6,382 -18.4% | $577,400 +10.5% |
| 2023 | $7,826 +58.5% | $522,400 -2% |
| 2022 | $4,938 +10.8% | $533,000 +40.6% |
| 2021 | $4,456 -1.3% | $379,000 +9.2% |
| 2020 | $4,516 +1.4% | $347,000 +1.8% |
| 2019 | $4,456 -1.3% | $341,000 |
| 2018 | $4,516 +1.9% | $341,000 +5.9% |
| 2017 | $4,431 +2.8% | $322,000 |
| 2016 | $4,313 -2.2% | $322,000 |
| 2015 | $4,411 -1.4% | $322,000 +18.4% |
| 2014 | $4,474 +14.4% | $272,000 -1.4% |
| 2013 | $3,913 -0.7% | $276,000 -4.8% |
| 2012 | $3,942 -8.3% | $290,000 -10.2% |
| 2011 | $4,297 +4.4% | $323,000 -5.8% |
| 2010 | $4,116 -0.8% | $343,000 -6% |
| 2009 | $4,149 +12.4% | $365,000 +19.1% |
| 2006 | $3,691 +11.8% | $306,400 +15% |
| 2005 | $3,303 +12% | $266,500 +15% |
| 2004 | $2,948 +4.9% | $231,800 +12% |
| 2002 | $2,809 -40.2% | $207,000 |
| 2001 | $4,696 | -- |
Find assessor info on the county website
Neighborhood: 55331
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Nearby schools
GreatSchools rating
- 10/10Excelsior Elementary SchoolGrades: K-5Distance: 0.3 mi
- 9/10Minnetonka West Middle SchoolGrades: 6-8Distance: 1.2 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 2.6 mi
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Estimated market value
$917,400
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Estimated market value
$917,400
- Minnesota
- Hennepin County
- Excelsior
- 55331
- 516 Grace St
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