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5150 Meadville Street, Excelsior, MN 55331

New Listing

$5,750,000

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 4,698 Lot Size (sq. ft.): 17,424 Status: Active

Current Price: $5,750,000 List Date: 5/29/2026 Last Modified: 5/29/2026

Overview

Description

One of the finest lots on Lake Minnetonka, this extraordinary peninsula property offers breathtaking panoramic views spanning Excelsior Bay, Gideons Bay, Big Island, and the Lower Lake. A truly once-in-a-lifetime opportunity, the property features 240 feet of premier shoreline with two private docks and additional boat slips, creating the ultimate setting for boating, paddleboarding, waterskiing, and effortless lakefront living. Enjoy spectacular sunsets and front-row views of Excelsior’s Fourth of July fireworks from your own deck or patio. The charming existing home offers timeless lake character and comfortable living spaces ideal for year-round enjoyment or weekend retreats, while also presenting an exceptional opportunity to build a custom luxury estate and fully maximize the unmatched setting and panoramic views. Inside, the home features inviting living spaces with hardwood floors, beamed ceilings, a stone wood-burning fireplace, and walls of windows framing the stunning lake ... (Read more)

Listing Details MLS# 7080605

General Property Information

Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: Yes
Road Btwn WF & Home?: No
Waterfront Frontage: 240
Waterfront Present: Yes
Year Built: 1918
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: 2
Bath Three Quarters: Yes
Bath Half: Yes
Main Floor Total SqFt: 1587
Above Grd Total SqFt: 3111
Below Grd Total SqFt: 1587
Total SqFt: 4698
Total Finished Sqft: 3616.00
FireplaceYN: Yes
Lake/Waterfront Name: Minnetonka
Style: (SF) Single Family
Foundation Size: 1587
Garage Stalls: 2
Lot Dimensions: Irregular
Acres: 0.4
Assessment Pending: No
Bath Quarter: 0
Association Fee: 0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Deck; Dock; Hardwood Floors; Kitchen Window; Paneled Doors; Panoramic View; Patio; Primary Bedroom Walk-In Closet; Washer/Dryer Hookup; Wet Bar Appliances: Cooktop; Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Assumable Loan: Not Assumable Basement: Concrete Block; Full; Sump Pump Bath Description: Main Floor Full Bath; Upper Level 3/4 Bath; Upper Level Full Bath; Private Primary; 1/2 Basement; Bathroom Ensuite Construction Materials: Block Construction Status: Previously Owned Dining Room Description: Informal Dining Room; Separate/Formal Dining Room Electric: Circuit Breakers Elevation Highpoint to Waterfront Slope: Gradual Exterior: Shakes Family Room Characteristics: Family Room; Main Level Fireplace Characteristics: Family Room; Stone; Wood Burning Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Lake Details: Sand Laundry: Laundry Room; Sink; Upper Level Lot Description: Accessible Shoreline; Island/Peninsula; Tree Coverage - Medium Parking Characteristics: Garage Door Opener; Storage Pool Description: None Road Responsibility: Public Maintained Road Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: Two Water: Well Waterfront View: Bay; Lake; Panoramic; North; South; West

Contract Information

Contingency: None
Original List Price: 5750000
ListPrice: 5750000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 5150
Street Name: Meadville
Street Suffix: Street
Postal City: Excelsior
County: Hennepin
State: MN
Zip Code: 55331
Complex/Dev/Subdivision: Auditors Sub 141

Assessments

Tax With Assessments: 29533
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 3111
Finished SqFt Below Ground: 505

More Information

Lake Details

Lake Acres: 14205
Lake Depth: 113
Sand: Yes

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 20 x 23
Garage Square Feet: 460
Garage Door Opener: Yes
Storage: Yes

Public Survey Info

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

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

AssocFeeYN: No
Legal Description: LOT 195 AUDITOR'S SUBD. NO. 141
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: 8790
Property ID Number: 2611723320010
Tax Year: 2025
Tax Amount: 29533
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: One of the finest lots on Lake Minnetonka, this extraordinary peninsula property offers breathtaking panoramic views spanning Excelsior Bay, Gideons Bay, Big Island, and the Lower Lake. A truly once-in-a-lifetime opportunity, the property features 240 feet of premier shoreline with two private docks and additional boat slips, creating the ultimate setting for boating, paddleboarding, waterskiing, and effortless lakefront living. Enjoy spectacular sunsets and front-row views of Excelsior’s Fourth of July fireworks from your own deck or patio. The charming existing home offers timeless lake character and comfortable living spaces ideal for year-round enjoyment or weekend retreats, while also presenting an exceptional opportunity to build a custom luxury estate and fully maximize the unmatched setting and panoramic views. Inside, the home features inviting living spaces with hardwood floors, beamed ceilings, a stone wood-burning fireplace, and walls of windows framing the stunning lake views. The main level includes a bedroom and full bath for added flexibility, while the upper level offers a private primary suite with ensuite bath, two additional bedrooms, a ¾ bath, and convenient upper-level laundry. Expansive outdoor decks and patios provide the perfect spaces for entertaining or relaxing along the water’s edge. Located just minutes from downtown Excelsior, enjoy convenient access to trails, boutique shopping, award-winning restaurants, and year-round community events in one of Lake Minnetonka’s most sought-after settings.
Directions: Minnetonka Blvd to Meadville to home.

Accessible

None: Yes

Acreage Information

Pasture Acres: 0
Tillable Acres: 0
Wooded Acres: 0

Air Conditioning

Central Air: Yes

Amenities Unit

Deck: Yes
Dock: Yes
Hardwood Floors: Yes
Kitchen Window: Yes
Paneled Doors: Yes
Panoramic View: Yes
Patio: Yes
Primary Bedroom Walk-In Closet: Yes
Washer/Dryer Hookup: Yes
Wet Bar: Yes

Appliances

Cooktop: Yes
Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Assumable Loan

Not Assumable: Yes

Basement

Concrete Block: Yes
Full: Yes
Sump Pump: Yes

Bath Description

Main Floor Full Bath: Yes
Upper Level 3/4 Bath: Yes
Upper Level Full Bath: Yes
Private Primary: Yes
1/2 Basement: Yes
Bathroom Ensuite: Yes

Construction Materials

Block: Yes

Construction Status

Previously Owned: Yes

Dining Room Description

Informal Dining Room: Yes
Separate/Formal Dining Room: Yes

Electric

Circuit Breakers: Yes

Elevation Highpoint to Waterfront Slope

Gradual: Yes

Exterior

Shakes: Yes

Family Room Characteristics

Family Room: Yes
Main Level: Yes

Fireplace Characteristics

Family Room: Yes
Stone: Yes
Wood Burning: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Insurance Fee

Insurance Fee: 0

Lake/Waterfront

Dock: Yes
Lake Front: Yes
Lake View: Yes

Laundry

Laundry Room: Yes
Sink: Yes
Upper Level: Yes

Lot Description

Accessible Shoreline: Yes
Island/Peninsula: Yes
Tree Coverage - Medium: Yes

Pool Description

None: Yes

Road Responsibility

Public Maintained Road: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

Well: Yes

Waterfront View

Bay: Yes
Lake: Yes
Panoramic: Yes
North: Yes
South: Yes
West: Yes

Room Information

Room Name	Dimensions	Level
Amusement Room	17x14	Lower
Dining Room	15x9	Main
Family Room	35x12	Main
First (1st) Bedroom	15x10	Main
Flex Room	11x9	Lower
Fourth (4th) Bedroom	16x15	Upper
Kitchen	22x9	Main
Living Room	26x14	Main
Second (2nd) Bedroom	23x13	Upper
Third (3rd) Bedroom	16x17	Upper

Listing Office: RE/MAX Advantage Plus

Last Updated: May - 29 - 2026

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