2509 Kelly Avenue, Excelsior, MN 55331

$3,150,000

Enjoy 260' of lake shore on Carmen Bay on Lake Minnetonka.

Virtual Tour

https://tours.spacecrafting.com/n-d18jbm

Drive up to this lovely home sitting on over an acre lot.

Grand entrance with beautiful stonework.

Multiple levels of deck facing Lake Minnetonka views.

Walk in to this light-filled entry way with vaulted ceilings.

Lake facing living room with wood-paneled vaulted ceilings.

Enjoy gas fireplace and lake views simultaneously.

Walk out to large deck with incredible views.

Great spaces for entertaining throughout.

Remodeled kitchen with large center island.

Lake views from kitchen window AND eat-in dining area.

Stainless steel appliances, and eat-in dining area.

Walk out to more deck space with incredible lake views.

Vaulted three season porch off of the kitchen.

Screen porch is great for entertaining guests and enjoying lake views.

Back pantry with beverage fridge and more storage.

Formal dining and living area off of the entry way.

Floor-to-ceiling windows with views of mature trees.

Formal dining with built-in buffet and great natural light.

Incredible primary suite over looking the lake.

Primary bath with jacuzzi tub, large walk-in shower, and dual vanities.

Large den with great views and ensuite bathroom.

Office built-ins with storage and desk space.

3rd bedroom, yet another room with superb lake views.

Spacious laundry on the main level with wall of cabinet storage space

Bedroom 4 is on the lower walk-out level

Walk-out lower level amusement room with views of the lake

Lower level second kitchen/bar area with wine cellar.

Incredible temperature controlled wine room.

Lower level sport court with walk out to backyard.

Great flex space for workout room, golf simulator, theater or buyers choice!

Grand outdoor fire pit - perfect for entertaining lake side!

Pretty patio space with expansive lake views is great for outdoor dining.

28' Dock (and canopy) included in the sale of home.

Property Type: Residential Bedrooms: 4 Baths: 6 Square Footage: 6,456 Lot Size (sq. ft.): 51,401 Status: Closed

Current Price: $3,150,000 List Date: 7/25/2023 Last Modified: 8/07/2025

Overview

Description

Welcome to 2509 Kelly Avenue – a truly remarkable lakefront retreat on the shores of Lake Minnetonka. This exclusive property boasts an extraordinary 260' of lake shore on Carmen Bay allowing for lake views from almost every room. Walk in and immediately observe light-filled spaces with vaulted ceilings and custom built-ins. Formal living and dining area plus multi-level deck, patio, outdoor fire place and screened porch are great for entertaining inside and out. Enjoy a private primary suite complete with generous walk in closet, full bathroom and lake views. Near the primary you'll find a large office with plentiful storage and en suite bathroom. The kitchen with stainless steel appliances, ample cabinet space, and eat-in kitchen walks out to the deck. Additional bedrooms are separate from primary wing. Lower level holds second living space, second kitchen/bar area and sport court. Major addition in 1992 and continually updated. Dock and canopy included in the sale of home.

Listing Details MLS# 6400291

General Property Information

Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: Yes
Road Btwn WF & Home?: No
Waterfront Frontage: 260
Waterfront YN: Yes
Year Built: 1977
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: 2
Bath Three Quarters: 3
Bath Half: Yes
Main Floor Total SqFt: 2695
Above Grd Total SqFt: 5881
Below Grd Total SqFt: 575
Total SqFt: 6456
Total Finished Sqft: 6456.00
FireplaceYN: Yes
Lake/Waterfront Name: Minnetonka
Style: (SF) Single Family
Foundation Size: 2502
Power Company: Xcel Energy
Garage Stalls: 3
Lot Dimensions: Irregular
Acres: 1.18

Property Features

Accessible: None Air Conditioning: Central Air Appliances: Cooktop; Dishwasher; Disposal; Dryer; Microwave; Refrigerator; Water Filtration System Assumable Loan: Not Assumable Basement: Concrete Block; Drain Tiled; Full; Storage Space; Storage/Locker; Sump Pump Bath Description: Double Sink; Main Floor 1/2 Bath; Main Floor Full Bath; Upper Level 3/4 Bath; Full Primary; Private Primary; 3/4 Basement; Bathroom Ensuite; Separate Tub & Shower; Walk-In Shower Stall Construction Status: Previously Owned Dining Room Description: Eat In Kitchen; Informal Dining Room; Living/Dining Room; Separate/Formal Dining Room Electric: 200+ Amp Service Exterior: Brick/Stone; Cedar Family Room Characteristics: 2 Story/High/Vaulted Ceilings; Lower Level; Main Level Financing Terms: Conventional Fireplace Characteristics: Living Room; Wood Burning Fuel: Natural Gas Heating: Forced Air Laundry: Laundry Room; Main Level Lot Description: Accessible Shoreline; Tree Coverage - Medium Parking Characteristics: Garage Door Opener Road Frontage: City Street Roof: Age Over 8 Years Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Special Search: Main Floor Laundry Stories: Four or More Level Split Water: City Water/Connected

Contract Information

Off Market Date: 2023-10-20
Contingency: None
Closed Date: 2023-11-27
Original List Price: 3595000
Sales Close Price: 3150000
ListPrice: 3400000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 2509
Street Name: Kelly
Street Suffix: Avenue
Postal City: Excelsior
County: Hennepin
State: MN
Zip Code: 55331
Complex/Dev/Subdivision: Registered Land Surv 1426 Trac

Assessments

Tax With Assessments: 23609.42

Building Information

Finished SqFt Above Ground: 5881
Finished SqFt Below Ground: 575

More Information

Lake Details

Lake Acres: 14205
Lake Depth: 113

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 36x26
Garage Square Feet: 926

Public Survey Info

Range#: 23
Section#: 20
Township#: 117

Room Information

Room Name	Dimensions	Level
Living Room	13x16	Main
Living Room	29x23	Main
Dining Room	15x23	Main
First (1st) Bedroom	23x17	Upper
Kitchen	21x18	Main
Third (3rd) Bedroom	18x16	Lower
Second (2nd) Bedroom	20x13	Upper
Office	15x18	Upper
Fourth (4th) Bedroom	15x18	Lower
Screened Porch	15x15	Main
Family Room	28x22	Lower
Athletic Court	25x23	Lower
Second Kitchen	15x11	Lower

Listing Office: Compass

Last Updated: August - 07 - 2025

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.

2509 Kelly Avenue, Excelsior, MN 55331 (MLS# 6400291)