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27940 Smithtown Road, Excelsior, MN 55331

$3,295,000

Property Type: Land Lot Size (sq. ft.): 50,094 Status: Closed

Current Price: $3,295,000 List Date: 7/12/2024 Last Modified: 8/21/2025

Overview

Description

HERE IT IS! At last, spectacular building site on Lake Minnetonka! This Smithtown Bay site has it all! West-facing, 174 feet of hard sand bottom, a charming boat house at water’s edge, privacy, mature trees, approximately 1.15 Acres, and an old cottage-style home that can be used, (AS IS) but is presumed to be torn town, since the value is in the land and not in the house. Bring your imagination and enjoy this magnificent opportunity! Open to all builders. All buyers must be pre-approved. Buyers and Buyer’s agents to verify all measurements, details and figures as they are not guaranteed.

Listing Details MLS# 6565357

General Property Information

Comp Sale YN: No
Development: No
Drainage: Good
Lot Measurement: Acres
Multiple PIDs?: No
Plat Recorded: No
Waterfront Frontage: 174
Yearly/Seasonal: Yearly
Zoning: Shoreline, Residential-Single Family
Lot Dimensions: 174x293x97x329
Acres: 1.15
Lake/Waterfront Name: Minnetonka
Association Fee: 0

Property Features

Available Utilities: Electricity Available; Phone Available; Private Well Connected; Sewer Connected Development Status: Finished Lot(s) Elevation Highpoint to Waterfront Slope: Gradual Existing Financing: Cash Financing Terms: Cash Improvements: Paved Streets; Shared Driveway; Other Lake Details: Hard; Sand Land Inclusions: Dock; Survey; Survey Stakes; Topographic Map Lot Description: Accessible Shoreline; Irregular Lot; Tree Coverage - Medium; Underground Utilities Outbuildings: Boat House Property SubType: Lake Property; Residential Lot Road Frontage: Cul De Sac; No Outlet/Dead End; Paved Streets; Private Road Road Responsibility: Public Maintained Road Sale Options: Sell Entirely Sellers Terms: Cash Topography: Sloped Waterfront View: Bay

Contract Information

Off Market Date: 2024-07-13
Contingency: None
Closed Date: 2024-08-20
Original List Price: 3295000
Sales Close Price: 3295000
ListPrice: 3295000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 27940
Street Name: Smithtown Road
Postal City: Excelsior
County: Hennepin
State: MN
Zip Code: 55331
Complex/Dev/Subdivision: Bill Erickson Add

Assessments

Tax With Assessments: 33263
Assessment Balance: 0

Builder Information

Builder Restrictions: Open

More Information

Elevation Highpoint to Waterfront Feet

Elevation Highpoint Waterfront Feet: 15-26

Lake Details

Lake Acres: 14205
Lake Depth: 113
Hard: Yes
Sand: Yes

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: Yes

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 23
Section#: 31
Township#: 117

Office/Member Info

Association: MAAR

Location, Tax and Other Information

AssocFeeYN: No
Legal Description: LOT 003 BLOCK 001 BILL ERICKSON ADDN
Listing City: Excelsior
Map Page: 117
Municipality: Shorewood
School District: Minnetonka
School District Phone: 952-401-5000
DNR Lake ID#: 27013300
DNR Lake Classification: General Development
Zip Plus 4: 7911
Property ID Number: TBD
Tax Year: 2023
Tax Amount: 33263
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: HERE IT IS! At last, spectacular building site on Lake Minnetonka! This Smithtown Bay site has it all! West-facing, 174 feet of hard sand bottom, a charming boat house at water’s edge, privacy, mature trees, approximately 1.15 Acres, and an old cottage-style home that can be used, (AS IS) but is presumed to be torn town, since the value is in the land and not in the house. Bring your imagination and enjoy this magnificent opportunity! Open to all builders. All buyers must be pre-approved. Buyers and Buyer’s agents to verify all measurements, details and figures as they are not guaranteed.
Directions: Smithtown to shared driveway. Use GPS.

Development Status

Finished Lot(s): Yes

Elevation Highpoint to Waterfront Slope

Gradual: Yes

Existing Financing

Cash: Yes

Financing Terms

Cash: Yes

Insurance Fee

Insurance Fee: 0

Lot Description

Accessible Shoreline: Yes
Irregular Lot: Yes
Tree Coverage - Medium: Yes
Underground Utilities: Yes

Outbuildings

Boat House: Yes

Restriction/Covenants

None: Yes

Road Frontage

Cul De Sac: Yes
No Outlet/Dead End: Yes
Paved Streets: Yes
Private Road: Yes

Road Responsibility

Public Maintained Road: Yes

Sale Options

Sell Entirely: Yes

Sellers Terms

Cash: Yes

Topography

Sloped: Yes

Waterfront View

Bay: Yes

Available Utilities

Electricity Available: Yes
Phone Available: Yes
Private Well Connected: Yes
Sewer Connected: Yes

Improvements

Paved Streets: Yes
Shared Driveway: Yes
Other: Yes

Land Inclusions

Dock: Yes
Survey: Yes
Survey Stakes: Yes
Topographic Map: Yes

Property SubType

Lake Property: Yes
Residential Lot: Yes

Listing Office: Coldwell Banker Realty

Last Updated: August - 21 - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.