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4900 Meadville Street, Excelsior, MN 55331

$8,000,000

Welcome to 4900 Meadville Street - this prime Lake Minnetonka setting is ready for you to create your dream lake home. ** Home in photo is AI generated to show what is possible on the property.

Virtual Tour

https://tours.spacecrafting.com/nvideo-w2z7j2

Nestled on a quiet street, this setting provides panoramic views that will be enjoyed for years to come. ** Home in photo is AI generated to show what is possible on the property.

The property offers 199' of northwest facing shoreline.

Greenwood—known as the City on the Lake—offers a rare opportunity to build along its coveted shoreline. This exceptional lakeshore homesite captures sweeping water views and the promise of a lifestyle centered around the lake.

The lot has been perfectly graded and is prepped and ready for you to build your dream home.

A rare, level lakeshore lot with expansive, panoramic water views—an ideal canvas for a home designed to fully embrace its setting.

Just steps from a charming neighborhood park, this setting offers a quiet, tucked-away feel with a true sense of community.

Generous in scale and beautifully positioned, this property invites effortless indoor-outdoor living and a front-row seat to the lake from every angle.

The large, level lot meets the water with a rip rapped shoreline.

Please note the dock will stay however the boat lift, boat house and kayak lift will not convey.

Just a short walk away, the Lake Minnetonka LRT Regional Trail offers miles of scenic paths for walking, biking, and year-round enjoyment—winding through wooded stretches, open landscapes, and lakeside views.

Enjoy a leisurely walk to Excelsior—a charming, historic lakeside village where local shops, dining, and the easy pace of lake life come together.

Tommy's Trolly is a summertime staple in Excelsior. Grab an ice cream cone and meander over to the Commons.

The newly constructed Pavilion at the Excelsior Commons is home to community events throughout the year drawing large crowds along with local and well-known performers.

Situated on Excelsior Bay, the Commons play host to a wide variety of community events and activities throughout the year.

Excelsior's Water Street is home to boutique shopping and award winning dining. Grab a coffee and peruse the shops or connect with family and friends in this charming village.

If you head east on the LRT trail, you will pass through Cottagewood USA where you can stop for treats at the iconic Cottagewood Store.

Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 5,900 Lot Size (sq. ft.): 27,443 Status: Active

Current Price: $8,000,000 List Date: 3/26/2026 Last Modified: 5/31/2026

Overview

Description

The price for the lot is $4,995,000. The photos of the home are AI-generated renderings to provide a sense of what could be built on this property. The total package price starts at $8M. This is a premier Lake Minnetonka build site with 199’ of northwest-facing, A-rated, flat, rip-rapped shoreline. Free from builder restrictions, this exceptional property offers the flexibility to bring your own architect and builder to design a custom home tailored to your vision. A rare opportunity for luxurious living on Lake Minnetonka, this stunning .63 acre property has been perfectly graded and features a manicured lawn with panoramic views in an idyllic, peaceful setting. Nestled on the end of a quiet street with a neighborhood park and walking trail, you will enjoy easy access to the LRT Trail, which stretches over 15 miles and offers scenic views of Lake Minnetonka along the way. Just a 1-mile walk from the charming Village of Excelsior, enjoy all the boutiques, chef-driven restaurants, Lib ... (Read more)

Listing Details MLS# 7042631

General Property Information

Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 2
Road Btwn WF & Home?: No
Waterfront Frontage: 199
Waterfront Present: 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: 2100
Above Grd Total SqFt: 3800
Below Grd Total SqFt: 2100
Total SqFt: 5900
Total Finished Sqft: 3800.00
FireplaceYN: Yes
Lake/Waterfront Name: Minnetonka
Style: (SF) Single Family
Foundation Size: 2100
Power Company: Xcel Energy
Garage Stalls: 3
Lot Dimensions: 199.5L x 152 x 167 x 152
Acres: 0.63
Assessment Pending: No
Bath Quarter: 0
Association Fee: 0

Property Features

Accessible: None Air Conditioning: Central Air Basement: Egress Windows; Full Construction Status: To Be Built/Floor Plan Elevation Highpoint to Waterfront Slope: Gradual Existing Financing: Free and Clear Exterior: Brick/Stone; Cement Board Fuel: Electric; Natural Gas Heating: Forced Air Lake Details: Hard; Sand Lot Description: Accessible Shoreline; Irregular Lot; Tree Coverage - Medium; Underground Utilities Road Frontage: City Street; No Outlet/Dead End; Paved Streets Road Responsibility: Public Maintained Road Sellers Terms: Adj. Rate/Gr Payment; Cash; Conventional Sewer: City Sewer/Connected Stories: Two Water: Well Waterfront View: Lake; Panoramic; North; West

Contract Information

Contingency: None
Original List Price: 8000000
ListPrice: 8000000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 4900
Street Name: Meadville
Street Suffix: Street
Postal City: Excelsior
County: Hennepin
State: MN
Zip Code: 55331

Assessments

Tax With Assessments: 46861
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 3800

More Information

Elevation Highpoint to Waterfront Feet

Elevation Highpoint Waterfront Feet: 0-4

Lake Details

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

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 740

Public Survey Info

Range#: 23
Section#: 26
Township#: 117

Office/Member Info

Association: MAAR

Location, Tax and Other Information

AssocFeeYN: No
Legal Description: MEADEVILLE PARK LOTS 1 2 AND 3 MEADEVILLE PARK INCL ADJ VAC STREET ALSO THAT PART OF LOT 1 COVINGTON, IN THE TOWN OF EXCELSIOR DESC AS FOL BEG AT PT OF INTERSECTION OF W LINE OF SAID LOT 1 COVINGTON WITH THE NELY EXTENSION OF SLY LINE OF SAID LOT 1 M EADEVILLE PARK TH NELY ALONG SAID EXTENSION DIS 49.80 FT TH DEFL LEFT 74 DEG 24 MIN 50 SEC AND RUNNING NWLY TO SHORE OF LAKE MTKA TH SWLY ALONG SAID SHORE TO ITS INTERSECTION WITH W LINE OF SAID LOT 1 COVINGTON AND ITS EXTENSIONS TH S ALONG SAID W L I NE TO BEG
Listing City: Excelsior
Map Page: 117
Municipality: Excelsior
School District: Minnetonka
School District Phone: 952-401-5000
DNR Lake ID#: 27013300
DNR Lake Classification: General Development
Zip Plus 4: 397
Property ID Number: 2611723240033
Tax Year: 2026
Tax Amount: 46861
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: The price for the lot is $4,995,000. The photos of the home are AI-generated renderings to provide a sense of what could be built on this property. The total package price starts at $8M. This is a premier Lake Minnetonka build site with 199’ of northwest-facing, A-rated, flat, rip-rapped shoreline. Free from builder restrictions, this exceptional property offers the flexibility to bring your own architect and builder to design a custom home tailored to your vision. A rare opportunity for luxurious living on Lake Minnetonka, this stunning .63 acre property has been perfectly graded and features a manicured lawn with panoramic views in an idyllic, peaceful setting. Nestled on the end of a quiet street with a neighborhood park and walking trail, you will enjoy easy access to the LRT Trail, which stretches over 15 miles and offers scenic views of Lake Minnetonka along the way. Just a 1-mile walk from the charming Village of Excelsior, enjoy all the boutiques, chef-driven restaurants, Library, Brewery and the upscale Kowalski’s grocery store. The beauty of the Commons, nestled alongside Lake Minnetonka, is home to Concerts in the Park throughout the summer. Excelsior is host to year-round community events including the 4th of July Celebration and Fireworks, Art Fairs, Apple Days, Klondike Dog Derby and numerous fun runs all year long. This is an incredible opportunity to build your dream home in an unbeatable location in the demand Minnetonka School District. This property is shown by appointment only – please no site visits without having an approved showing. Please note the dock will stay with the property however, the boathouse, boat lift, and kayak lift do not convey.
Directions: Minnetonka Blvd to Meadville Street to the lot

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Basement

Egress Windows: Yes
Full: Yes

Construction Status

To Be Built/Floor Plan: Yes

Elevation Highpoint to Waterfront Slope

Gradual: Yes

Existing Financing

Free and Clear: Yes

Exterior

Brick/Stone: Yes
Cement Board: Yes

Fuel

Electric: Yes
Natural Gas: Yes

Heating

Forced Air: Yes

Insurance Fee

Insurance Fee: 0

Lake/Waterfront

Lake Front: Yes

Lot Description

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

Road Frontage

City Street: Yes
No Outlet/Dead End: Yes
Paved Streets: Yes

Road Responsibility

Public Maintained Road: Yes

Sellers Terms

Adj. Rate/Gr Payment: Yes
Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

Well: Yes

Waterfront View

Lake: Yes
Panoramic: Yes
North: Yes
West: Yes

Listing Office: Coldwell Banker Realty

Last Updated: May - 31 - 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.