254 Lake Street, Excelsior, MN 55331 (MLS# 7097500)

254 Lake Street, Excelsior, MN 55331

$4,195,000
Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 4,661 Lot Size (sq. ft.): 6,970 Status: Active
Current Price: $4,195,000 List Date: 6/23/2026 Last Modified: 9/13/2026

Overview

Description

Completed new construction! Breathtaking Peter Eskuche + Mikan collaboration offering the highest level of finish and stunning lake views throughout! Enjoy the unparalleled architectural details and open flowing floorplan offering walls of windows showcasing views overlooking Excelsior Bay. The main-level features light + bright spaces; gourmet kitchen with high-end appliances, coffee bar, prep area and walk-in pantry. Spacious family room with sliding glass doors that open to the large porch with phantom screens + electronic pergola, dipping pool/hot tub and unmatched water views, creating the perfect blend of indoor + outdoor living! The upper-level offers a loft with built-ins and beverage fridge; bonus room with fireplace + lake views; office area; two guest bedrooms and spacious primary suite with spa-like bathroom (heated floors)! Lower-level featuring unparalleled amenities including the large family room + game area; wet bar with beverage fridges; exercise room; sauna and golf ...

Listing Details MLS# 7097500

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
2024
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
Yes
Bath Three Quarters
2
Bath Half
Yes
Total Finished Sqft
4661.00
FireplaceYN
Yes
Lake/Waterfront Name
Minnetonka
Style
(SF) Single Family
Foundation Size
1766
Garage Stalls
2
Lot Dimensions
Irregular
Acres
0.16
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Exercise Room; Hardwood Floors; Hot Tub; Kitchen Center Island; Kitchen Window; Panoramic View; Primary Bedroom Walk-In Closet; Sauna; Tile Floors; Vaulted Ceiling(s); Walk-In Closet; Washer/Dryer Hookup; Wet Bar Appliances: Chandelier; Dishwasher; Dryer; Microwave; Refrigerator; Washer Basement: Full Bath Description: Sauna; Main Floor 1/2 Bath; Upper Level Full Bath; Full Primary; Private Primary Construction Status: Completed New Construction Dining Room Description: Informal Dining Room Exterior: Other Family Room Characteristics: Lower Level; Main Level Fireplace Characteristics: Family Room Foundation: Other Fuel: Natural Gas Heating: Forced Air; In-Floor Heating Laundry: Upper Level Parking Characteristics: Heated Garage; Insulated Garage Pool Description: Below Ground; Heated Roof: Age 8 Years or Less Sewer: City Sewer/Connected Special Search: 3 BR on One Level; Primary Bdr Suite Stories: Two Water: City Water/Connected Waterfront Type: Lake View

Contract Information

Contingency
None
Original List Price
4495000
ListPrice
4195000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
254
Street Name
Lake
Street Suffix
Street
Postal City
Excelsior
County
Hennepin
State
MN
Zip Code
55331
Complex/Dev/Subdivision
Seamans Sub Of Lts 7 & 8 Excelsior

Assessments

Tax With Assessments
14117

Building Information

Finished SqFt Above Ground
2983
Finished SqFt Below Ground
1678

More Information

Lake Details

Lake Acres
14205
Lake Depth
113

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
23
Section#
34
Township#
117

Room Information

Room NameDimensionsLevel
Amusement Room18 x 15Lower
Bar/Wet Bar Room16 x 6Lower
Bonus Room18 x 16Upper
Exercise Room13 x 10Lower
Family Room18 X 17Main
Family Room19 x 16Lower
First (1st) Bedroom15 x 14.5Upper
Fourth (4th) Bedroom15 x 12Lower
Informal Dining Room15 X 11Main
Kitchen17 X 13Main
Screened Porch16 x 17Main
Second (2nd) Bedroom16 x 8Upper
Third (3rd) Bedroom16 x 8Upper
Sun Room15 x 11Main
IDX
Listing Office: Coldwell Banker Realty
Last Updated: September - 13 - 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.