511 2nd Street, #3 Excelsior, MN 55331

$2,275,000
Coming Soon
estimated monthly payment
3 Beds  |  4 Baths  |  2,552 Sq Ft  |  (CC) Low Rise (3- Levels)  |  MLS # 7038770
  • Welcome to Lake House #3 in downtown Excelsior
    Welcome to Lake House #3 in downtown Excelsior
  • Great attention to architecture detail throughout this unit, including the coffered ceilings in the living room
    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
    A handsome gas fireplace anchors one end of the living room
  • Great space to gather and entertain
    Great space to gather and entertain
  • Oversized windows fill this unit with natural light
    Oversized windows fill this unit with natural light
  • A stunning wet bar anchors the other end of the living room
    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
    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
    Open floor plan provides easy flow between living, dining, and kitchen areas
  • Great spaces for entertaining
    Great spaces for entertaining
  • Great spaces for entertaining
    Great spaces for entertaining
  • Chef's kitchen features stainless steel appliances, large oversized island with room for seating, and plenty of cabinet and counter space
    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
    On trend waterfall design featured on the large center island
  • Kitchen space includes a walk-in pantry with built-in organizational components
    Kitchen space includes a walk-in pantry with built-in organizational components
  • Custom cabinets throughout the kitchen provide for additional storage space
    Custom cabinets throughout the kitchen provide for additional storage space
  • Bring the outdoors in when you open the 12' accordion doors
    Bring the outdoors in when you open the 12' accordion doors
  • Beautiful floating shelves allow for additional storage or displaying decor
    Beautiful floating shelves allow for additional storage or displaying decor
  • Natural light floods into the bright kitchen
    Natural light floods into the bright kitchen
  • Covered deck with gas fireplace and stone surround
    Covered deck with gas fireplace and stone surround
  • An ideal place to unwind and take in the views of Excelsior and Lake Minnetonka
    An ideal place to unwind and take in the views of Excelsior and Lake Minnetonka
  • Spacious primary bedroom with access to the 44' balcony
    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
    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
    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
    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
    Amazing primary closet space with built-in components and laundry units
  • Second bedroom with access to the 44' balcony
    Second bedroom with access to the 44' balcony
  • En-suite 3/4 bath in the second bedroom
    En-suite 3/4 bath in the second bedroom
  • Third bedroom
    Third bedroom
  • En-suite 3/4 bath in the third bedroom
    En-suite 3/4 bath in the third bedroom
  • Powder bath with modern flair
    Powder bath with modern flair
  • Spacious coat closet with organizational components
    Spacious coat closet with organizational components
  • Welcoming entryway
    Welcoming entryway
  • Lake House in downtown Excelsior
    Lake House in downtown Excelsior
  • Elevator access in the lobby
    Elevator access in the lobby
  • Located in the heart of downtown Excelsior near the fabulous shops, dining, and Lake Minnetonka.
    Located in the heart of downtown Excelsior near the fabulous shops, dining, and Lake Minnetonka.
  • Located in the heart of downtown Excelsior near the fabulous shops, dining, and Lake Minnetonka.
    Located in the heart of downtown Excelsior near the fabulous shops, dining, and Lake Minnetonka.
  • Located in the heart of downtown Excelsior near the fabulous shops, dining, and Lake Minnetonka.
    Located in the heart of downtown Excelsior near the fabulous shops, dining, and Lake Minnetonka.

About The Listing

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.


Listing courtesy of Elizabeth C Ulrich, Compass
Purchase Price
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Property Details

Features

 
 
 
Property Type: Single Family
Status: Coming Soon
Contingency Type: None
Year Built: 2023
MLS #: 7038770
Bedrooms: 3
Square Feet: 2,552
Bathrooms (Full): 1
Price Per Square Foot: $891
Bathrooms (Half) : 1
Bathrooms (Three Quarters) : 2
Garage Spaces: 3
Parking Description: Garage Door Opener, Guest Parking, Heated Garage, Parking Garage, Secured, Shared Garage/Stall, Storage, Tuckunder Garage
Sewer Description: City Sewer/Connected
Air Conditioning Type: Central Air
Water: City Water/Connected
Heat Type: Forced Air, Fireplace(s)
Basement: None
Foundation Type: Other
Roof Description: Age 8 Years or Less
Disability Features: Accessible Elevator Installed
Latest Update: 06/03/2026
Listing Agent ID: 502039827
Listing Office: Compass
Listing Office ID: 49293
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Appliances: Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Stainless Steel Appliances, Wall Oven, Washer, Wine Cooler
Fireplace Features: Gas, Living Room, Other
Laundry Features: Main Level, In Unit
Number of Fireplaces: 2
Exterior Features: Stone
Lot Size: 0.194 Acres
School District: Minnetonka
Tax Year: 2026
HOA: Pending
Estimated Taxes: $28,041
HOA Fee: 1869.0
Contingency Type: None
HOA Frequency: Monthly
HOA Fee Inclusions: Internet, Other, Parking, Sanitation, Shared Amenities
HOA Requirment: 1
City: Excelsior
Zip: 55331
County: Hennepin
State: MN

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Listing last updated: 06/03/26

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