Exceptional investment and lifestyle opportunity in the heart of Shorewood! This outstanding duplex is ideally located just steps from the Lake Minnetonka Regional Trail, offering direct access into downtown Excelsior where you’ll enjoy restaurants, boutique shopping, and vibrant lake life year-round. Walk or bike to nearby Tonka Bay for additional dining favorites including Hazelwood and Joey Nova’s. Whether you’re an investor or owner-occupant, this property offers a rare income-producing opportunity with strong rental potential while enjoying one of Lake Minnetonka’s most desirable communities. Both units have been extensively updated and well maintained. Major exterior improvements completed in 2010 include new columns, shutters, paint, professional landscaping, and a brand new roof being installed! Recent 2026 updates bring a fresh, modern feel throughout with new carpet, luxury vinyl plank flooring, full interior paint, updated light switches, painted garage and utility floors, and new appliances. Additional mechanical updates include newer furnaces installed within the past five years, providing added efficiency and peace of mind. Enjoy low-maintenance ownership, thoughtful updates, and an unbeatable location near trails, dining, and the best of Lake Minnetonka living.
Active
$574,900
5570 & 5580 Shorewood Ln, Excelsior, MN 55331
6beds
4baths
2,230sqft
Duplex Side by Side
Built in 1968
-- sqft lot
$569,300 Zestimate®
$258/sqft
$-- HOA
What's special
Fresh modern feel throughoutNew columnsFull interior paintNew carpetNew appliancesLuxury vinyl plank flooringUpdated light switches
- 6 days
- 421
- 38
Zillow last checked:
Listing updated:
Listed by:
The Holmers Group 612-998-4010,
Keller Williams Premier Realty Lake Minnetonka,
Justin J Holmers 612-695-3884
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7157563
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Forced Air
Appliances
- Laundry: Lower Level, Laundry Room
Features
- Basement: Finished,Full
Interior area
- Total structure area: 2,510
- Total interior livable area: 2,230 sqft
- Finished area above ground: 1,560
- Finished area below ground: 670
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached, Asphalt
- Attached garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: One
- Patio & porch: Patio
- Pool features: None
- Fencing: None
Lot
- Size: 0.46 Acres
- Dimensions: 135 x 329 x 421 x 140
- Features: Irregular Lot, Tree Coverage - Heavy
Details
- Foundation area: 950
- Parcel number: 3311723110091
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex Side by Side
Materials
- Roof: Age 8 Years or Less,Asphalt
Condition
- New construction: No
- Year built: 1968
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: Well
Community & HOA
Location
- Region: Excelsior
Financial & listing details
- Price per square foot: $258/sqft
- Annual tax amount: $7,026
- Date on market: 10/8/2026
- Cumulative days on market: 182 days
Estimated market value
$569,300
$541,000 - $598,000
$2,125/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/8/2026 | Listed for sale | $574,900-4%$258/sqft |
Source: | ||
| 8/26/2026 | Listing removed | $599,000$269/sqft |
Source: | ||
| 6/18/2026 | Price change | $599,000-2.6%$269/sqft |
Source: | ||
| 5/22/2026 | Price change | $615,000-0.8%$276/sqft |
Source: | ||
| 4/27/2026 | Price change | $619,900-3.1%$278/sqft |
Source: | ||
| 3/3/2026 | Listed for sale | $639,900$287/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment








