This home has all the charm you would expect to find in the village of Excelsior. Classic architecture meets today’s style of living with an open and flexible floor plan! At the center of it all is the stunning 8-foot island kitchen—truly the heart of the home—offering ample seating. The open concept allows the dining area to easily double as a cozy family room. The kitchen features stainless appliances, stainless hood, tile backsplash that extends up to the ceiling and granite countertops. Slide open the barn door to reveal a hidden gem: a spacious butler’s pantry completes with shelving, drawer storage, and room for small appliances. In-ceiling lighting ensures light, bright spaces and the cozy gas fireplace with stone surround anchors the living room. There are two main level bedroom possibilities and two bedrooms on the upper level. Two full baths, one on the main and one on the upper, feature updated vanities and fixtures. The lower level is an unfinished blank canvas, perfect for future expansion. Step outside to the patio and fenced backyard ideal for relaxing or entertaining. When you're ready to explore, you're just a short walk from all the charm and excitement of downtown Excelsior. From Music in the Park to Apple Days, the Art Fair, and the beloved 4th of July celebration, there’s always something happening just minutes from your doorstep. Minnetonka schools too! Don’t miss this opportunity to live in this coveted Lake Minnetonka community!
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Zestimate®
$479,000
550 Wheeler Dr, Excelsior, MN 55331
4beds
2,814sqft
Single Family
Built in 1957
0.28 Acres Lot
$479,000 Zestimate®
$170/sqft
$3,213 Estimated rent
Home value
$479,000
$441,000 - $522,000
$3,213/mo
Zestimate® history
Owner options
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$3,213/mo
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$2,994/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:
Scott M. Hutchinson
Re/Max Advantage Plus
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6716739
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Level: Main
- Area: 120.75 Square Feet
- Dimensions: 11.5x10.5
Bedroom 2
- Level: Main
- Area: 126 Square Feet
- Dimensions: 12x10.5
Bedroom 3
- Level: Upper
- Area: 156 Square Feet
- Dimensions: 13x12
Bedroom 4
- Level: Upper
- Area: 132 Square Feet
- Dimensions: 12x11
Dining room
- Level: Main
- Area: 162.75 Square Feet
- Dimensions: 15.5x10.5
Kitchen
- Level: Main
- Area: 240 Square Feet
- Dimensions: 20x12
Living room
- Level: Main
- Area: 300 Square Feet
- Dimensions: 20x15
Patio
- Level: Main
- Area: 110.25 Square Feet
- Dimensions: 10.5x10.5
Other
- Level: Lower
- Area: 360 Square Feet
- Dimensions: 30x12
Utility room
- Level: Lower
- Area: 450 Square Feet
- Dimensions: 30x15
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Exhaust Fan, Humidifier, Gas Water Heater, Range, Refrigerator, Stainless Steel Appliance(s), Washer
- Laundry: Lower Level, Sink
Features
- Basement: Drain Tiled,Drainage System,Sump Pump,Unfinished
- Number of fireplaces: 1
- Fireplace features: Gas, Living Room
Interior area
- Total structure area: 2,814
- Total interior livable area: 2,814 sqft
- Finished area above ground: 1,790
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Attached, Asphalt, Garage Door Opener
- Attached garage spaces: 1
- Has uncovered spaces: Yes
- Details: Garage Dimensions (21x10)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Pool features: None
- Fencing: Wire,Wood
Lot
- Size: 0.28 Acres
- Dimensions: 68 x 221 x 46 x 210
Details
- Additional structures: Storage Shed
- Foundation area: 1202
- Parcel number: 3511723320011
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Block
Condition
- New construction: No
- Year built: 1957
Utilities & green energy
- Electric: Circuit Breakers, 100 Amp Service
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Excelsior
- Subdivision: Spruce Terrace Rev
HOA & financial
HOA
- Has HOA: No
Price history
| Date | Event | Price |
|---|---|---|
| 4/3/2026 | Listing removed | $3,200$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/22/2026 | Listed for rent | $3,200$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/23/2025 | Sold | $479,000-4.2%$170/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6716739 Report a problem | ||
| 6/19/2025 | Pending sale | $500,000$178/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6716739 Report a problem | ||
| 6/2/2025 | Listing removed | $500,000$178/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6716739 Report a problem | ||
| 5/8/2025 | Listed for sale | $500,000+38.9%$178/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6716739 Report a problem | ||
| 1/18/2018 | Sold | $360,000+2.9%$128/sqft |
Source: NorthstarMLS as distributed by MLS GRID #4896053 Report a problem | ||
| 1/9/2018 | Pending sale | $349,900$124/sqft |
Source: RE/MAX Results #4896053 Report a problem | ||
| 12/12/2017 | Listed for sale | $349,900$124/sqft |
Source: RE/MAX Results #4896053 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,028 +8.3% | $482,500 -0.6% |
| 2024 | $5,566 +10% | $485,500 +6.4% |
| 2023 | $5,062 +5.5% | $456,300 +7.1% |
| 2022 | $4,796 +3.1% | $426,000 +14.8% |
| 2021 | $4,651 +3.6% | $371,000 +2.8% |
| 2020 | $4,487 -3.5% | $361,000 +6.5% |
| 2019 | $4,651 +3.6% | $339,000 +0.6% |
| 2018 | $4,487 +33.7% | $337,000 +23.4% |
| 2017 | $3,357 -6.7% | $273,000 -1.8% |
| 2016 | $3,596 -4.2% | $278,000 +10.3% |
| 2015 | $3,753 +10.1% | $252,000 +33.3% |
| 2014 | $3,408 +29.6% | $189,000 -3.1% |
| 2013 | $2,630 -4.3% | $195,000 -7.6% |
| 2012 | $2,749 -1.6% | $211,000 -3.7% |
| 2011 | $2,794 -0.5% | $219,000 -9.9% |
| 2010 | $2,807 +2.5% | $243,000 -3.2% |
| 2009 | $2,737 -1.7% | $251,000 +5.5% |
| 2006 | $2,785 -3.5% | $238,000 +1.7% |
| 2005 | $2,885 +10% | $234,000 +14.4% |
| 2004 | $2,622 +4.7% | $204,500 +12% |
| 2002 | $2,504 -40.1% | $182,600 |
| 2001 | $4,181 | -- |
Find assessor info on the county website
Neighborhood: 55331
Nearby schools
GreatSchools rating
- 10/10Excelsior Elementary SchoolGrades: K-5Distance: 0.4 mi
- 9/10Minnetonka West Middle SchoolGrades: 6-8Distance: 1.3 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 2.5 mi
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Estimated market value
$479,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$479,000
- Minnesota
- Hennepin County
- Excelsior
- 55331
- 550 Wheeler Dr
Nearby cities
Nearby zip codes
Other Excelsior Topics
