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511 2nd Street, 3, Excelsior, MN 55331

New Listing

$2,275,000

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: Coming Soon

Current Price: $2,275,000 List Date: 6/03/2026 Last Modified: 6/03/2026

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 Present: 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
Bath Quarter: 0
Below Grd Total SqFt: 0

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: 2275000
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
Assessment Balance: 0

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
Shared Garage/Stall: Yes
Garage Door Opener: Yes
Heated Garage: Yes
Secured: Yes
Storage: Yes
Tuckunder Garage: Yes

Public Survey Info

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

Office/Member Info

Association: MAAR

Location, Tax and Other Information

AssocFeeYN: Yes
Legal Description: TBD
Listing City: Excelsior
Map Page: 117
Municipality: Excelsior
School District: Minnetonka
School District Phone: 952-401-5000
County Abbreviation: 3
Property ID Number: 3511723220195
Tax Year: 2026
Tax Amount: 28041.46
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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 featuring heated floors, dual vanities, a soaking tub, and a separate walk-in shower. Each additional bedroom includes its own en-suite bath and custom closet system. Thoughtful conveniences continue with three heated garage stalls, EV charging capability, and ample storage. Enjoy unparalleled walkability to Excelsior’s vibrant dining, shopping, and year-round community events, along with nearby attractions like the Excelsior Commons and regional trails.
Directions: Hwy 7 west, exit to downtown Excelsior.

Accessible

Accessible Elevator Installed: Yes

Air Conditioning

Central Air: Yes

Amenities Shared

Elevator(s): Yes
Lobby: Yes
Other: Yes

Amenities Unit

Balcony: Yes
Deck: Yes
Hardwood Floors: Yes
Kitchen Center Island: Yes
Kitchen Window: Yes
Main Floor Primary Bedroom: Yes
Primary Bedroom Walk-In Closet: Yes
Tile Floors: Yes
Walk-In Closet: Yes
Wet Bar: Yes

Appliances

Cooktop: Yes
Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Washer: Yes
Wine Cooler: Yes

Association Fee Includes

Internet: Yes
Parking Space: Yes
Sanitation: Yes
Shared Amenities: Yes
Other: Yes

Basement

None: Yes

Bath Description

Double Sink: Yes
Main Floor 1/2 Bath: Yes
Main Floor 3/4 Bath: Yes
Main Floor Full Bath: Yes
Full Primary: Yes
Private Primary: Yes
Bathroom Ensuite: Yes
Separate Tub & Shower: Yes
Walk-In Shower Stall: Yes

Construction Status

Previously Owned: Yes

Dining Room Description

Eat In Kitchen: Yes
Living/Dining Room: Yes

Exterior

Brick/Stone: Yes

Family Room Characteristics

Great Room: Yes
Main Level: Yes

Fireplace Characteristics

Gas Burning: Yes
Living Room: Yes
Other: Yes

Foundation

Other: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Insurance Fee

Insurance Fee: 0

Laundry

In Unit: Yes
Main Level: Yes

Patio, Porch and Deck Features

Covered: Yes
Deck: Yes

Restriction/Covenants

Mandatory Owners Assoc: Yes
Pets - Cats Allowed: Yes
Pets - Dogs Allowed: Yes
Pets - Number Limit: Yes
Pets - Weight/Height Limit: Yes

Road Frontage

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

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Shared Rooms

Other: Yes

Special Search

3 BR on One Level: Yes
All Living Facilities on One Level: Yes
Main Floor Bedroom: Yes
Main Floor Laundry: Yes
Main Floor Primary: Yes

Stories

One: Yes

Water

City Water/Connected: Yes

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: June - 03 - 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.