55 Fairhope Avenue, Excelsior, MN 55331 (MLS# 6685388)

55 Fairhope Avenue, Excelsior, MN 55331

$2,120,000
Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 4,237 Lot Size (sq. ft.): 25,700 Status: Closed
Current Price: $2,120,000 List Date: 3/14/2025 Last Modified: 6/26/2026

Overview

Description

Extraordinary opportunity to live surrounded by Lake Minnetonka! This property features over 100 feet of quiet water shoreline for a year-round dock and canopy, plus an additional 70 feet of sandy shoreline with a beach area, fire pit, and private swimming hole right off your back deck. The interior was beautifully remodeled in 2021, boasting new Cambria countertops, fresh interior and exterior paint, a refreshed primary bath, new doors and trim, a backup generator, and a hot tub—plus much more. Designed for both living and entertaining, the home includes a lower-level pub with heated floors, four bedrooms upstairs, and an additional living room with stunning lake views. A spacious top-floor bonus room offers even more flexibility. Don’t miss the recently insulated and sheetrocked loft above the garage—ideal for a private office or workout space. Located in the Minnetonka School District, within the sought-after Minnewashta Elementary boundary.

Listing Details MLS# 6685388

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
3
Road Btwn WF & Home?
No
Waterfront Frontage
194
Waterfront YN
Yes
Year Built
1952
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
3
Bath Half
Yes
Main Floor Total SqFt
1038
Above Grd Total SqFt
2704
Below Grd Total SqFt
1533
Total SqFt
4237
Total Finished Sqft
3199.00
FireplaceYN
Yes
Lake/Waterfront Name
Minnetonka
Style
(SF) Single Family
Foundation Size
1038
Garage Stalls
2
Lot Dimensions
Irregular
Acres
0.59
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Boat Slip; Ceiling Fan(s); Deck; Dock; Hardwood Floors; Hot Tub; In-Ground Sprinkler; Kitchen Center Island; Kitchen Window; Natural Woodwork; Tile Floors; Vaulted Ceiling(s); Walk-In Closet; Wet Bar Appliances: Air-To-Air Exchanger; Dishwasher; Disposal; Dryer; Freezer; Range; Refrigerator Assumable Loan: Not Assumable Basement: Concrete Block; Drain Tiled; Partially Finished; Sump Pump Bath Description: Main Floor 1/2 Bath; Upper Level Full Bath; Full Primary; Private Primary Construction Materials: Block; Frame Construction Status: Previously Owned Dining Room Description: Eat In Kitchen; Informal Dining Room Electric: 200+ Amp Service; Circuit Breakers Elevation Highpoint to Waterfront Slope: Level Exterior: Brick/Stone; Cement Board; Engineered Wood Family Room Characteristics: 2 or More; Lower Level; Main Level Fencing: None Financing Terms: Cash Fireplace Characteristics: Family Room; Gas Burning; Living Room; Primary Bedroom Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air; Humidifier; In-Floor Heating; Zoned Lake Details: Sand Laundry: Main Level Lock Box Type: Combo Lot Description: Accessible Shoreline Parking Characteristics: Garage Door Opener; Heated Garage; Insulated Garage; Storage Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Asphalt Shingles Sewer: City Sewer/Connected Special Search: Main Floor Laundry Stories: Four or More Level Split Water: City Water/Connected Waterfront Type: Lake Front Waterfront View: Bay; North; South

Contract Information

Off Market Date
2025-03-20
Contingency
None
Closed Date
2025-04-18
Original List Price
2195000
Sales Close Price
2120000
ListPrice
2195000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
55
Street Name
Fairhope
Street Suffix
Avenue
Postal City
Excelsior
County
Hennepin
State
MN
Zip Code
55331
Complex/Dev/Subdivision
Tonka Fairhope

Assessments

Tax With Assessments
22976.7

Building Information

Finished SqFt Above Ground
2704
Finished SqFt Below Ground
495

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
20x20
Garage Door Height
7
Garage Square Feet
400

Public Survey Info

Range#
23
Section#
21
Township#
117

Room Information

Room NameDimensionsLevel
Family Room18x13Lower
Kitchen14x11Main
Living Room15x15Upper
Dining Room12x10Main
Third (3rd) Bedroom12x11Upper
Fourth (4th) Bedroom12x10Upper
First (1st) Bedroom18x12Upper
Second (2nd) Bedroom13x12Upper
Bar/Wet Bar Room14x10Lower
Mud Room8x7Main
IDX
Listing Office: Compass
Last Updated: June - 26 - 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.