20695 Spencer Lane, Excelsior, MN 55331

$1,950,000

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Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 4,914 Lot Size (sq. ft.): 34,412 Status: Closed

Current Price: $1,950,000 List Date: 4/09/2025 Last Modified: 7/02/2026

Overview

Description

Turnkey Charles Cudd-built home situated just outside Cottagewood and within walking distance of Excelsior. Leverage the exceptional location with convenient access to the Lake Minnetonka Regional Trail, nearby Cottagewood General Store, marinas, yacht clubs, and the award-winning Minnetonka School District. Offering a bright and airy interior with walls of windows, enameled millwork, and well-designed spaces for both daily living and entertainment, as well as a flexible floor plan that includes an oversized bonus area above the garage with its own separate entrance, perfect for an apartment, guest suite, or home office. Relax and enjoy the spacious backyard, which offers ample room for recreation and the possibility of adding a future swimming pool.

Listing Details MLS# 6693069

General Property Information

Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 2
Waterfront YN: No
Year Built: 2006
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: 3
Bath Three Quarters: Yes
Bath Half: Yes
Main Floor Total SqFt: 1868
Above Grd Total SqFt: 3554
Below Grd Total SqFt: 1360
Total SqFt: 4914
Total Finished Sqft: 4888.00
FireplaceYN: Yes
Style: (SF) Single Family
Foundation Size: 1442
Power Company: Xcel Energy
Garage Stalls: 3
Lot Dimensions: 113x245x302x166
Acres: 0.79
Assessment Pending: No

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Exercise Room; French Doors; Hardwood Floors; Kitchen Center Island; Kitchen Window; Natural Woodwork; Patio; Primary Bedroom Walk-In Closet; Sun Room; Tile Floors; Walk-In Closet; Wet Bar Appliances: Cooktop; Dishwasher; Disposal; Double Oven; Dryer; Microwave; Refrigerator; Washer Assumable Loan: Not Assumable Basement: Egress Windows; Full Bath Description: Steam Shower; Main Floor 1/2 Bath; Upper Level Full Bath; Full Primary; Private Primary; 3/4 Basement; Separate Tub & Shower; Walk-In Shower Stall Construction Materials: Frame Construction Status: Previously Owned Dining Room Description: Breakfast Bar; Eat In Kitchen; Informal Dining Room Electric: Circuit Breakers Exterior: Brick/Stone; Cedar; Shakes Family Room Characteristics: Family Room; Lower Level Financing Terms: Cash Fireplace Characteristics: Gas Burning Fuel: Natural Gas Heating: Forced Air Laundry: Laundry Room; Upper Level Lock Box Type: Combo Pool Description: None Road Frontage: Private Road Road Responsibility: Private Maintained Road Roof: Asphalt Shingles Second Unit: Existing In-Law w/Bath Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Special Search: 2nd Floor Laundry; 3 BR on One Level; Primary Bdr Suite Stories: Two Water: Well

Contract Information

Off Market Date: 2025-05-02
Contingency: None
Closed Date: 2025-07-01
Original List Price: 2150000
Sales Close Price: 1950000
ListPrice: 2150000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 20695
Street Name: Spencer
Street Suffix: Lane
Postal City: Excelsior
County: Hennepin
State: MN
Zip Code: 55331
Complex/Dev/Subdivision: Alden Wood

Assessments

Tax With Assessments: 21372

Building Information

Finished SqFt Above Ground: 3554
Finished SqFt Below Ground: 1334

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 25X35
Garage Square Feet: 722

Public Survey Info

Range#: 23
Section#: 25
Township#: 117

Room Information

Room Name	Dimensions	Level
Fourth (4th) Bedroom	13X12	Lower
Family Room	34X25	Lower
Bar/Wet Bar Room	9X5	Lower
First (1st) Bedroom	23X18	Upper
Second (2nd) Bedroom	15X11	Upper
Third (3rd) Bedroom	15X13	Upper
Living Room	18X18	Main
Dining Room	15X13	Main
Kitchen	18X14	Main
Office	14X13	Main
Bonus Room	17X24	Upper

Listing Office: Compass

Last Updated: July - 02 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

20695 Spencer Lane, Excelsior, MN 55331 (MLS# 6693069)