Don’t miss this rare investment or house-hack opportunity just one mile from charming downtown Excelsior and Lake Minnetonka. Nestled on a quiet cul-de-sac and backing up to a scenic bike path, this beautifully updated duplex offers the perfect blend of privacy, nature, and convenience. Situated on a sprawling half-acre wooded lot, this property features two spacious units; one 3 bed / 2 bath and one 4 bed / 2 bath - both currently vacant and ready for immediate occupancy. Whether you're an owner-occupant looking for rental income or an investor seeking a move-in-ready asset, this home checks all the boxes. Recent improvements include brand-new decks completed in 2025 and numerous interior updates throughout both units, ensuring a modern, clean, and low-maintenance living experience. Enjoy direct access to the trail system right out your back door; walk or bike to the lake, shops, restaurants, breweries, and all Excelsior has to offer.
Closed
$644,000
5345 Wedgewood Dr, Shorewood, MN 55331
7beds
4baths
3,705sqft
Multi Family
Built in 1979
-- sqft lot
$646,700 Zestimate®
$174/sqft
$2,158 Estimated rent
Home value
$646,700
$595,000 - $705,000
$2,158/mo
Zestimate® history
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$4,128/mo
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$4,128/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Jamie Bolinger 507-837-9334,
Rize Realty
Bought with:
Jonathan Soto
RE/MAX Results
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6764352
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Forced Air
Appliances
- Laundry: Laundry Room, In Unit
Features
- Basement: Block,Daylight,Egress Window(s),Finished,Full
Interior area
- Total structure area: 3,705
- Total interior livable area: 3,705 sqft
- Finished area above ground: 2,229
- Finished area below ground: 1,476
Property
Parking
- Total spaces: 4
- Parking features: Attached, Asphalt
- Attached garage spaces: 4
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Deck, Enclosed
- Fencing: None
Lot
- Size: 0.53 Acres
- Dimensions: N189 x 227 x 101 x 263
- Features: Tree Coverage - Medium
- Topography: Wooded
Details
- Foundation area: 2229
- Parcel number: 3311723210041
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Age Over 8 Years,Asphalt
Condition
- New construction: No
- Year built: 1979
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: Well
Community & HOA
Community
- Subdivision: Wild Duck 2nd Add
Location
- Region: Shorewood
Financial & listing details
- Price per square foot: $174/sqft
- Tax assessed value: $644,800
- Annual tax amount: $7,461
- Date on market: 8/7/2025
- Cumulative days on market: 54 days
- Tenant pays: Trash Collection, Water
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 3/16/2026 | Listing removed | $2,545$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/12/2026 | Price change | $2,545-5.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/28/2025 | Listed for rent | $2,695-1.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/7/2025 | Sold | $644,000-2.3%$174/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6764352 Report a problem | ||
| 10/9/2025 | Pending sale | $659,000$178/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6764352 Report a problem | ||
| 9/25/2025 | Price change | $659,000-2.9%$178/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6764352 Report a problem | ||
| 9/17/2025 | Listed for sale | $679,000$183/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6764352 Report a problem | ||
| 9/8/2025 | Pending sale | $679,000$183/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6764352 Report a problem | ||
| 8/7/2025 | Listed for sale | $679,000+8.6%$183/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6764352 Report a problem | ||
| 7/21/2025 | Listing removed | $2,745$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/25/2025 | Price change | $2,745-3.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/16/2025 | Listed for rent | $2,845$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/6/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/3/2024 | Price change | $2,845-3.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/21/2024 | Price change | $2,945-1.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/3/2024 | Listed for rent | $2,995+1.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/3/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/20/2024 | Price change | $2,945-1.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/9/2024 | Listed for rent | $2,995$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/29/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/20/2024 | Price change | $2,995-6.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/13/2024 | Listed for rent | $3,195$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/19/2024 | Sold | $625,000-0.8%$169/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6463303 Report a problem | ||
| 12/2/2023 | Pending sale | $629,900$170/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6463303 Report a problem | ||
| 11/26/2023 | Listed for sale | $629,900-0.8%$170/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6463303 Report a problem | ||
| 11/26/2023 | Listing removed | -- |
Source: NorthstarMLS as distributed by MLS GRID #6455281 Report a problem | ||
| 11/9/2023 | Listed for sale | $634,900+88.4%$171/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6455281 Report a problem | ||
| 11/20/2014 | Sold | $337,000-25.1%$91/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #2206684 Report a problem | ||
| 10/19/2005 | Sold | $450,000$121/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,461 +10.9% | $644,800 +4.5% |
| 2024 | $6,730 +7.2% | $616,800 +5.3% |
| 2023 | $6,281 +7% | $585,600 +7.4% |
| 2022 | $5,869 -13.9% | $545,000 +18.2% |
| 2021 | $6,818 +5.4% | $461,000 +6.7% |
| 2020 | $6,469 -5.1% | $432,000 |
| 2019 | $6,818 +5.4% | $432,000 +1.2% |
| 2018 | $6,469 +3.2% | $427,000 +33.9% |
| 2017 | $6,270 +24.4% | $319,000 +3.6% |
| 2016 | $5,042 +1% | $308,000 +24.2% |
| 2015 | $4,991 -0.3% | $248,000 +10.2% |
| 2014 | $5,009 -9% | $225,000 -2.2% |
| 2013 | $5,506 -8.4% | $230,000 -10.2% |
| 2012 | $6,012 -7.2% | $256,000 -19.7% |
| 2011 | $6,481 -1.2% | $319,000 -11.1% |
| 2010 | $6,560 +2.1% | $359,000 -7% |
| 2009 | $6,426 +72.9% | $386,000 +22% |
| 2006 | $3,716 +10.5% | $316,300 +15% |
| 2005 | $3,364 +10% | $275,100 +15% |
| 2004 | $3,057 +5.5% | $239,300 +12% |
| 2002 | $2,897 -39.6% | $213,700 |
| 2001 | $4,794 | -- |
Find assessor info on the county website
Neighborhood: 55331
Nearby homes
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Nearby schools
GreatSchools rating
- 9/10Minnewashta Elementary SchoolGrades: K-5Distance: 1 mi
- 9/10Minnetonka West Middle SchoolGrades: 6-8Distance: 1.6 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 4.2 mi
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Estimated market value
$646,700
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Estimated market value
$646,700
- Minnesota
- Hennepin County
- Shorewood
- 55331
- 5345 Wedgewood Dr
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