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138 2nd Street, Excelsior, MN 55331

$2,495,000

Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 4,729 Lot Size (sq. ft.): 8,798 Status: Active

Current Price: $2,495,000 List Date: 4/09/2026 Last Modified: 5/27/2026

Overview

Description

This to-be-built custom home by Zehnder Homes offers an exceptional opportunity to create a truly personalized luxury residence just two blocks from both Excelsior Commons and the charm of Water Street. Set on an 88' wide lot, this rare walkout lot provides the perfect setting for your dream home. Enjoy walkable access to Lake Minnetonka, local dining, shops, and year-round community events all from one of the most sought-after locations in the west metro. Designed with over 4,500 finished square feet, this five-bedroom, five-bath home will showcase the elevated craftsmanship and thoughtful design Zehnder Homes is known for. The open-concept main level is planned for both everyday living and effortless entertaining, featuring expansive living spaces, a gourmet kitchen with high-end appliances, custom cabinetry, and a generous butler's pantry. Upstairs, a luxurious primary suite will offer a spa-inspired bath and oversized walk-in closet, complemented by well appointed secondary bedroom ... (Read more)

Listing Details MLS# 7046880

General Property Information

Common Wall: No
Lot Measurement: Square Feet
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: Yes
Year Built: 2026
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: 2
Bath Three Quarters: 2
Bath Half: Yes
Main Floor Total SqFt: 1379
Above Grd Total SqFt: 3348
Below Grd Total SqFt: 1381
Total SqFt: 4729
Lot Size SqFt: 8798
Total Finished Sqft: 4527.00
FireplaceYN: Yes
Style: (SF) Single Family
Foundation Size: 1379
Power Company: Xcel Energy
Garage Stalls: 3
Lot Dimensions: 88x100
Assessment Pending: No
Bath Quarter: 0
Association Fee: 0

Property Features

Accessible: None Air Conditioning: Central Air; Zoned Amenities Unit: Cable; Deck; Ethernet Wired; Exercise Room; French Doors; Hardwood Floors; In-Ground Sprinkler; Kitchen Center Island; Local Area Network; Multiple Phone Lines; Natural Woodwork; Paneled Doors; Patio; Porch; Primary Bedroom Walk-In Closet; Sun Room; Tile Floors; Vaulted Ceiling(s); Walk-In Closet; Wet Bar Appliances: Air-To-Air Exchanger; Cooktop; Dishwasher; Disposal; Double Oven; Dryer; Energy Star Appliances; Freezer; Microwave; Range; Refrigerator; Washer; Water Filtration System; Wine Cooler Assumable Loan: Not Assumable Basement: Drain Tiled; Full; Sump Pump; Tile Shower Bath Description: Double Sink; Full Jack & Jill; His and Her Closets; Main Floor 1/2 Bath; Upper Level 3/4 Bath; Upper Level Full Bath; Full Primary; Private Primary; 3/4 Basement; Bathroom Ensuite; Separate Tub & Shower Builder Information: Builders Association of the Twin Cities Construction Materials: Concrete; Frame Construction Status: To Be Built/Floor Plan Dining Room Description: Eat In Kitchen; Informal Dining Room; Kitchen/Dining Room Electric: 200+ Amp Service; Circuit Breakers Existing Financing: Other Exterior: Brick/Stone; Cement Board; Shakes Family Room Characteristics: 2 or More; Entertainment/Media Center; Family Room; Great Room; Loft; Lower Level; Main Level Fencing: None Fireplace Characteristics: Gas Burning; Living Room Fuel: Natural Gas Green Energy Efficient: Appliances; Construction; Doors; HVAC; Insulation; Lighting; Thermostat; Water Heater; Windows Green Indoor Air Quality: Passive Radon Mitigation System; Ventilation Green Sustainability: Recycled Materials; Renewable Materials Heating: Forced Air; Humidifier; In-Floor Heating; Zoned Internet Options: Cable Laundry: Electric Dryer Hookup; Laundry Room; Sink; Upper Level Lock Box Type: Combo Lot Description: Public Transit (w/in 6 blks); Sod Included in Price; Tree Coverage - Medium; Underground Utilities Parking Characteristics: Finished Garage; Floor Drain; Garage Door Opener; Heated Garage; Insulated Garage Pool Description: None Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Storm Sewer; Street Lights Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Architectural Shingle; Asphalt Shingles; Pitched Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Special Search: 2nd Floor Laundry; 4 BR on One Level; Primary Bdr Suite Stories: Two Water: Well

Contract Information

Contingency: None
Original List Price: 2495000
ListPrice: 2495000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 138
Street Name: 2nd
Street Suffix: Street
Postal City: Excelsior
County: Hennepin
State: MN
Zip Code: 55331
Complex/Dev/Subdivision: Sheldons Add To Excelsior

Assessments

Assessment Balance: 75.81
Tax With Assessments: 9439.02

Builder Information

Builder ID: ZEHNDER HOMES INCORPORATED
Builder License Number: 582356
Builder Name: ZEHNDER HOMES INCORPORATED
Builders Association of the Twin Cities: Yes

More Information

Building Information

Finished SqFt Above Ground: 3348
Finished SqFt Below Ground: 1179

Green Verification

Green Verification Type: ENERGY STAR Certified Homes
Verification Source: Program Verifier

Green Verification 2

Green Verification Type: GreenStar Homes Certification
Verification Source: Program Verifier

Green Verification 3

Green Verification Type: Home Energy Rating System
Verification Source: Program Verifier

Green Verification 4

Green Verification Type: Home Energy Score
Verification Source: Program Verifier

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 30x22
Garage Door Height: 8
Garage Door Width: 8
Garage Square Feet: 680
Finished Garage: Yes
Floor Drain: Yes
Garage Door Opener: Yes
Heated Garage: Yes
Insulated Garage: Yes

Public Survey Info

Range#: 23
Section#: 34
Township#: 117

Office/Member Info

Association: MAAR

Location, Tax and Other Information

AssocFeeYN: No
Legal Description: LOT 004 SHELDONS ADDN TO EXCELSIOR
Listing City: Excelsior
Map Page: 117
Municipality: Excelsior
School District: Minnetonka
School District Phone: 952-401-5000
Zip Plus 4: 4569
Property ID Number: 3411723120095
Tax Year: 2026
Tax Amount: 9363.21
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: This to-be-built custom home by Zehnder Homes offers an exceptional opportunity to create a truly personalized luxury residence just two blocks from both Excelsior Commons and the charm of Water Street. Set on an 88' wide lot, this rare walkout lot provides the perfect setting for your dream home. Enjoy walkable access to Lake Minnetonka, local dining, shops, and year-round community events all from one of the most sought-after locations in the west metro. Designed with over 4,500 finished square feet, this five-bedroom, five-bath home will showcase the elevated craftsmanship and thoughtful design Zehnder Homes is known for. The open-concept main level is planned for both everyday living and effortless entertaining, featuring expansive living spaces, a gourmet kitchen with high-end appliances, custom cabinetry, and a generous butler's pantry. Upstairs, a luxurious primary suite will offer a spa-inspired bath and oversized walk-in closet, complemented by well appointed secondary bedrooms and convenient upper-level laundry. The walkout lower level provides additional living and entertaining space, featuring a recreation area, bar, and fitness room, all tailored to your lifestyle. With ample opportunity to collaborate on final plans, selections, and finishes, this home presents a unique chance to bring your vision to life in an unbeatable Excelsior location.
Directions: From Hwy 7, take 2nd exit, house is on left.

Accessible

None: Yes

Air Conditioning

Central Air: Yes
Zoned: Yes

Amenities Unit

Cable: Yes
Deck: Yes
Ethernet Wired: Yes
Exercise Room: Yes
French Doors: Yes
Hardwood Floors: Yes
In-Ground Sprinkler: Yes
Kitchen Center Island: Yes
Local Area Network: Yes
Multiple Phone Lines: Yes
Natural Woodwork: Yes
Paneled Doors: Yes
Patio: Yes
Porch: Yes
Primary Bedroom Walk-In Closet: Yes
Sun Room: Yes
Tile Floors: Yes
Vaulted Ceiling(s): Yes
Walk-In Closet: Yes
Wet Bar: Yes

Appliances

Air-To-Air Exchanger: Yes
Cooktop: Yes
Dishwasher: Yes
Disposal: Yes
Double Oven: Yes
Dryer: Yes
Energy Star Appliances: Yes
Freezer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes
Water Filtration System: Yes
Wine Cooler: Yes

Assumable Loan

Not Assumable: Yes

Basement

Drain Tiled: Yes
Full: Yes
Sump Pump: Yes
Tile Shower: Yes

Bath Description

Double Sink: Yes
Full Jack & Jill: Yes
His and Her Closets: Yes
Main Floor 1/2 Bath: Yes
Upper Level 3/4 Bath: Yes
Upper Level Full Bath: Yes
Full Primary: Yes
Private Primary: Yes
3/4 Basement: Yes
Bathroom Ensuite: Yes
Separate Tub & Shower: Yes

Construction Materials

Concrete: Yes
Frame: Yes

Construction Status

To Be Built/Floor Plan: Yes

Dining Room Description

Eat In Kitchen: Yes
Informal Dining Room: Yes
Kitchen/Dining Room: Yes

Electric

200+ Amp Service: Yes
Circuit Breakers: Yes

Existing Financing

Other: Yes

Exterior

Brick/Stone: Yes
Cement Board: Yes
Shakes: Yes

Family Room Characteristics

2 or More: Yes
Entertainment/Media Center: Yes
Family Room: Yes
Great Room: Yes
Loft: Yes
Lower Level: Yes
Main Level: Yes

Fencing

None: Yes

Fireplace Characteristics

Gas Burning: Yes
Living Room: Yes

Fuel

Natural Gas: Yes

Green Energy Efficient

Appliances: Yes
Construction: Yes
Doors: Yes
HVAC: Yes
Insulation: Yes
Lighting: Yes
Thermostat: Yes
Water Heater: Yes
Windows: Yes

Green Indoor Air Quality

Passive Radon Mitigation System: Yes
Ventilation: Yes

Green Sustainability

Recycled Materials: Yes
Renewable Materials: Yes

Heating

Forced Air: Yes
Humidifier: Yes
In-Floor Heating: Yes
Zoned: Yes

Insurance Fee

Insurance Fee: 0

Internet Options

Cable: Yes

Laundry

Electric Dryer Hookup: Yes
Laundry Room: Yes
Sink: Yes
Upper Level: Yes

Lock Box Type

Combo: Yes

Lot Description

Public Transit (w/in 6 blks): Yes
Sod Included in Price: Yes
Tree Coverage - Medium: Yes
Underground Utilities: Yes

Patio, Porch and Deck Features

Enclosed: Yes
Front Porch: Yes
Patio: Yes
Porch: Yes
Screened: Yes

Pool Description

None: Yes

Road Frontage

City Street: Yes
Curbs: Yes
Paved Streets: Yes
Sidewalks: Yes
Storm Sewer: Yes
Street Lights: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes
Architectural Shingle: Yes
Asphalt Shingles: Yes
Pitched: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Special Search

2nd Floor Laundry: Yes
4 BR on One Level: Yes
Primary Bdr Suite: Yes

Stories

Two: Yes

Water

Well: Yes

Room Information

Room Name	Dimensions	Level
Bar/Wet Bar Room	13x10	Lower
Dining Room	15x12	Main
Exercise Room	17x10	Lower
Family Room	29x16	Lower
Fifth (5th) Bedroom	12x12	Lower
First (1st) Bedroom	18x14	Upper
Fourth (4th) Bedroom	14x12	Upper
Great Room	20x18	Main
Kitchen	14x14	Main
Loft	12x10	Lower
Office	10x10	Main
Second (2nd) Bedroom	14x12	Upper
Third (3rd) Bedroom	14x13	Upper

Listing Office: RE/MAX Results

Last Updated: May - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.