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Closed
    • $1,250,000

    603 Lake St Unit 214, Excelsior, MN 55331

    2beds
    1,483sqft
    Low Rise
    Built in 1981
    -- sqft lot
    $1,275,100 Zestimate®
    $843/sqft
    $4,387 Estimated rent

    Home value

    $1,275,100

    $1.17M - $1.38M

    $4,387/mo

    Zestimate® history
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    What's special

    Experience effortless lake living! Elegant end unit condo at the Excelsior Bay Gables featuring unobstructed panoramic views of Lake Minnetonka's Excelsior Bay and Big Island. The primary suite and second bedroom bookend this naturally sun-filled 1,483-sq-ft layout. A beautifully updated kitchen flows into the dining and living room, while a covered wrap-around maintenance free balcony takes full advantage of the lake views and surrounding natural beauty. The bonus room across the hall can be used as an office or additional storage. HOA amenities include a heated swimming pool, tennis courts, year-round hot tub and sauna facilities, a well-equipped fitness center, private docks with boat slip rentals available, meticulously maintained outdoor common areas, and secure underground heated garage parking with two designated spaces. Enjoy the convenience of walkable access to Downtown Excelsior's charming shops, fine restaurants, and Commons Park, all while embracing the relaxed luxury of waterfront living in one of the area's most desirable locations.

    Zillow last checked:

    Listing updated:

    Listed by:

    Paul H Johnson 952-212-7103,

    Lakes Sotheby's International,

    Mark W Hoiseth 612-282-3465

    Bought with:

    NON-RMLS

    Non-MLS

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6818916MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 1
    • 3/4 bathrooms: 1
    Bedroom
    • Level: Main
    • Area: 208 Square Feet
    • Dimensions: 16x13
    Bedroom 2
    • Level: Main
    • Area: 170 Square Feet
    • Dimensions: 17x10
    Primary bathroom
    • Level: Main
    • Area: 90 Square Feet
    • Dimensions: 15x06
    Bathroom
    • Level: Main
    • Area: 40 Square Feet
    • Dimensions: 08x05
    Deck
    • Level: Main
    • Area: 90 Square Feet
    • Dimensions: 18x05
    Dining room
    • Level: Main
    • Area: 120 Square Feet
    • Dimensions: 12x10
    Kitchen
    • Level: Main
    • Area: 100 Square Feet
    • Dimensions: 10x10
    Laundry
    • Level: Main
    • Area: 36 Square Feet
    • Dimensions: 06x06
    Living room
    • Level: Main
    • Area: 234 Square Feet
    • Dimensions: 18x13
    Storage
    • Level: Main
    • Area: 162 Square Feet
    • Dimensions: 27x06
    Walk in closet
    • Level: Main
    • Area: 48 Square Feet
    • Dimensions: 08x06
    Heating
    • Baseboard, Boiler, Fireplace(s), Hot Water
    Cooling
    • Central Air
    Appliances
    • Included: Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer
    • Laundry: Laundry Room, Sink, In Unit
    Features
    • Basement: None
    • Number of fireplaces: 1
    • Fireplace features: Living Room, Wood Burning
    Interior area
    • Total structure area: 1,483
    • Total interior livable area: 1,483 sqft
    • Finished area above ground: 1,483
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Assigned, Concrete, Shared Driveway, Garage Door Opener, Heated Garage, Garage, Underground
    • Garage spaces: 2
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: Accessible Elevator Installed
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Covered, Deck
    • Has private pool: Yes
    • Pool features: In Ground, Heated, Outdoor Pool, Shared
    • Fencing: None
    • Has view: Yes
    • View description: Bay, Lake, North, Panoramic
    • Has water view: Yes
    • Water view: Bay,Lake
    • Waterfront features: Association Access, Dock, Lake Front, Lake View, Shared
    Details
    • Foundation area: 1483
    • Additional parcels included: 3511723220126,3511723220128
    • Parcel number: 3511723220063
    • Zoning description: Residential-Single Family

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Low Rise
    • Attached to another structure: Yes
    Materials
    • Roof: Age 8 Years or Less,Asphalt
    Condition
    • New construction: No
    • Year built: 1981

    Utilities & green energy

    • Gas: Electric
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & HOA

    Community
    • Subdivision: Condo 0344 Excelsior Bay Gables
    HOA
    • Has HOA: Yes
    • Amenities included: Beach Access, Boat Slip, Boat Dock, Elevator(s), Spa/Hot Tub, In-Ground Sprinkler System, Sauna, Security Building, Tennis Court(s)
    • Services included: Beach Access, Maintenance Structure, Cable TV, Hazard Insurance, Heating, Internet, Lawn Care, Maintenance Grounds, Parking, Professional Mgmt, Sanitation, Security System, Sewer, Shared Amenities, Snow Removal, Water
    • HOA fee: $1,440 monthly
    • HOA name: Hegenes Properties
    • HOA phone: 952-641-0138
    Location
    • Region: Excelsior

    Financial & listing details

    • Price per square foot: $843/sqft
    • Tax assessed value: $926,900
    • Annual tax amount: $9,215
    • Date on market: 12/6/2025
    • Cumulative days on market: 29 days
    • Road surface type: Paved

    Price history

    DateEventPrice
    1/23/2026Sold$1,250,000+9.2%$843/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6818916 Report a problem
    1/9/2026Pending sale$1,145,000$772/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6818916 Report a problem
    12/11/2025Listed for sale$1,145,000+76.2%$772/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6818916 Report a problem
    12/2/2019Sold$650,000-3.7%$438/sqft
    Source: NorthstarMLS as distributed by MLS GRID #5289946 Report a problem
    11/12/2019Pending sale$675,000$455/sqft
    Source: Coldwell Banker Burnet - Minnetonka #5289946 Report a problem
    9/16/2019Listed for sale$675,000$455/sqft
    Source: Coldwell Banker Burnet - Minnetonka #5289946 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,215 -5.8%$926,900 +11.4%
    2024$9,780 +0.7%$832,300 -8.1%
    2023$9,716 +0.1%$906,100 +18%
    2022$9,709 -1.2%$768,000 +8.8%
    2021$9,828 +21%$706,000 -1.3%
    2020$8,121 -17.4%$715,000 +21.6%
    2019$9,828 +21%$588,000 -1.3%
    2018$8,121 +19.5%$596,000 +17.8%
    2017$6,798 -1.9%$506,000
    2016$6,932 -2.2%$506,000 +25.1%
    2015$7,091 +23.5%$404,500 +13%
    2014$5,741 +7.9%$358,000 -1.4%
    2013$5,320 -17.8%$363,000 -21.3%
    2012$6,475 +3.1%$461,000 -0.4%
    2011$6,277 +6.2%$463,000 -4.5%
    2010$5,910 +5.6%$485,000 -0.4%
    2009$5,594 -3.6%$487,000 +3.7%
    2006$5,805 +7.8%$469,500 +13.5%
    2005$5,384 +9.7%$413,500 +15%
    2004$4,906 +4.4%$359,600 +12%
    2002$4,699 -41.5%$321,100
    2001$8,029 --
    Find assessor info on the county website

    Neighborhood: 55331

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    Estimated market value
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    Estimated market value
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