511 2nd Street, 3, Excelsior, MN 55331

$2,150,000

Welcome to Lake House #3 in downtown Excelsior

Virtual Tour

https://tours.spacecrafting.com/n-rch4g2

Great attention to architecture detail throughout this unit, including the coffered ceilings in the living room

A handsome gas fireplace anchors one end of the living room

Oversized windows fill this unit with natural light

A stunning wet bar anchors the other end of the living room

The bar area features floating shelves, sink, dual zone beverage center and a great backdrop for some impressive artwork

Open floor plan provides easy flow between living, dining, and kitchen areas

Chef's kitchen features stainless steel appliances, large oversized island with room for seating, and plenty of cabinet and counter space

On trend waterfall design featured on the large center island

Kitchen space includes a walk-in pantry with built-in organizational components

Custom cabinets throughout the kitchen provide for additional storage space

Bring the outdoors in when you open the 12' accordion doors

Beautiful floating shelves allow for additional storage or displaying decor

Natural light floods into the bright kitchen

Covered deck with gas fireplace and stone surround

An ideal place to unwind and take in the views of Excelsior and Lake Minnetonka

Spacious primary bedroom with access to the 44' balcony

Spa-like primary bath with heated floors, dual vanity areas, large soaker tub, and curb-less walk-in shower

On trend design elements continue in this space

Soak the stress of the day away in the large tub or the spacious shower with dual shower heads

Amazing primary closet space with built-in components and laundry units

Second bedroom with access to the 44' balcony

Spacious coat closet with organizational components

Located in the heart of downtown Excelsior near the fabulous shops, dining, and Lake Minnetonka.

Property Type: Residential Bedrooms: 3 Baths: 4 Square Footage: 2,552 Lot Size (sq. ft.): 8,276 Status: Active

Current Price: $2,150,000 List Date: 6/10/2026 Last Modified: 7/27/2026

Overview

Description

Welcome to Lake House #3, an exceptional luxury residence in the heart of Excelsior, just moments from the shores of Lake Minnetonka. Designed for effortless, turn-key living, this stunning condominium blends refined craftsmanship with elevated modern design. The home showcases impeccable finishes throughout, including wide-plank hardwood floors, custom cabinetry, and striking 9.5-foot coffered ceilings. The gourmet kitchen is a true centerpiece, featuring Thermador stainless steel appliances, a quartz waterfall-edge island, and a walk-in pantry with custom organizational shelving. A stylish wet bar with a dual-zone beverage center enhances the home’s entertaining appeal. Seamless indoor-outdoor living is achieved with a dramatic 12-foot accordion door that opens to a lakeside three-season porch with a wood-paneled ceiling, gas fireplace, and breathtaking 180-degree views. The luxurious primary suite offers a spacious walk-in closet with in-unit laundry, along with a spa-like bath fe ... (Read more)

Listing Details MLS# 7038770

General Property Information

Assoc Mgmt Co. Phone #: 612-296-0900
Association Fee Frequency: Monthly
Association Mgmt Co. Name: Pending
Common Wall: Yes
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 2
Waterfront YN: No
Year Built: 2023
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: Yes
Bath Three Quarters: 2
Bath Half: Yes
Main Floor Total SqFt: 2552
Above Grd Total SqFt: 2552
Total SqFt: 2552
Total Finished Sqft: 2552.00
FireplaceYN: Yes
Style: (CC) Low Rise (3- Levels)
Foundation Size: 2552
Association Fee: 1869
Garage Stalls: 3
Lot Dimensions: Common
Acres: 0.19
Assessment Pending: No

Property Features

Accessible: Accessible Elevator Installed Air Conditioning: Central Air Amenities Shared: Elevator(s); Lobby; Other Amenities Unit: Balcony; Deck; Hardwood Floors; Kitchen Center Island; Kitchen Window; Main Floor Primary Bedroom; Primary Bedroom Walk-In Closet; Tile Floors; Walk-In Closet; Wet Bar Appliances: Cooktop; Dishwasher; Disposal; Dryer; Microwave; Washer; Wine Cooler Association Fee Includes: Internet; Parking Space; Sanitation; Shared Amenities; Other Basement: None Bath Description: Double Sink; Main Floor 1/2 Bath; Main Floor 3/4 Bath; Main Floor Full Bath; Full Primary; Private Primary; Bathroom Ensuite; Separate Tub & Shower; Walk-In Shower Stall Construction Status: Previously Owned Dining Room Description: Eat In Kitchen; Living/Dining Room Exterior: Brick/Stone Family Room Characteristics: Great Room; Main Level Fireplace Characteristics: Gas Burning; Living Room; Other Foundation: Other Fuel: Natural Gas Heating: Forced Air Laundry: In Unit; Main Level Parking Characteristics: Shared Garage/Stall; Garage Door Opener; Heated Garage; Secured; Storage; Tuckunder Garage Road Frontage: Curbs; Paved Streets; Sidewalks; Storm Sewer; Street Lights Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Shared Rooms: Other Special Search: 3 BR on One Level; All Living Facilities on One Level; Main Floor Bedroom; Main Floor Laundry; Main Floor Primary Stories: One Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 2275000
ListPrice: 2150000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 511
Street Name: 2nd
Street Suffix: Street
Unit Number: 3
Postal City: Excelsior
County: Hennepin
State: MN
Zip Code: 55331

Assessments

Tax With Assessments: 28041.46

Building Information

Finished SqFt Above Ground: 2552

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 0x0

Public Survey Info

Range#: 23
Section#: 35
Township#: 117

Room Information

Room Name	Dimensions	Level
Deck	18x10	Main
Deck	5x44	Main
Dining Room	13x8	Main
First (1st) Bedroom	18x15	Main
Kitchen	15x22	Main
Living Room	24x13	Main
Second (2nd) Bedroom	18x11	Main
Third (3rd) Bedroom	13x11	Main

Documents

Lake House #3 - Floor Plan .pdf ›

Lake House - Disclosures_HOA Package_.pd ›

Lake House #3 - Highlights.pdf ›

Listing Office: Compass

Last Updated: July - 27 - 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.

511 2nd Street, 3, Excelsior, MN 55331 (MLS# 7038770)