Home › 35 Center Street, Excelsior, MN 55331 (MLS# 7057500)

35 Center Street, Excelsior, MN 55331 (MLS# 7057500)

$795,000
35 Center Street
Excelsior, MN 55331
MLS# 7057500
4 beds  |  3 baths  |  2421 sqft
Positioned just one street from the Port of Excelsior and the sparkling shores of Lake Minnetonka! With stunning lake views, this is a truly rare offering in one of the area’s most sought-after locations!
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Positioned just one street from the Port of Excelsior and the sparkling shores of Lake Minnetonka! With stunning lake views, this is a truly rare offering in one of the area’s most sought-after locations! The opportunity here is all about setting and potential, whether refreshed into an elevated residence or completely reimagined as a new build. The property provides a highly flexible footprint with fully pre-approved plans already in place, if desired. The welcoming sunroom entry with a wood-burning fireplace creates a cozy first impression. The existing home offers a classic layout with 4 bedrooms and 3 bathrooms, designed for easy everyday living and comfortable entertaining. Easy, functional flow designed for everyday comfort. Hardwood floors, natural light, and connected gathering spaces. The perfect backdrop for quiet evenings or entertaining guests. Sliding doors to the deck extend the main living space outdoors, blending indoor comfort with easy outdoor access. The dining area is perfectly suited for hosting or casual daily meals. The walk-through kitchen features generous cabinetry, counter space, and a large pantry closet for practical everyday living. Designed with functionality in mind, the kitchen connects effortlessly to the main living and dining areas for an open, connected feel. A conveniently located main-level bedroom. 35 Center Street, Excelsior, MN 55331 Upstairs includes three well-sized bedrooms, all with timeless wood flooring. First upper level bedroom with plenty of natural light! Second upper level bedroom with built-in organization for added character. Third upper-level bedroom with large closet space. 35 Center Street, Excelsior, MN 55331 Versatile den space for office, reading nook, or extra storage. The lower level adds even more opportunity with a walkout family room. Existing 3/4 bathroom, along with nearby laundry area with double-basin utility sink, and substantial unfinished space for storage. From a development standpoint, this property truly stands out. An easement has already been secured for a future driveway and garage addition, significantly enhancing both value and usability. The groundwork for a full redevelopment has been completed, making this a fully de-risked, shovel-ready opportunity. Instead of navigating the typical 4–6 month entitlement process, you can move directly into a permit-ready project if desired. All major approvals are already secured, including variances for setback and height, along with completed residential design review fully compliant with city architectural standards. The package is comprehensive and ready to execute. MEP plans, architectural drawings, elevations, and curated finish selections are all included, allowing construction to begin immediately if desired! The existing home offers approximately 2,500 square feet, with approved plans to expand to roughly 3,500 square feet, configured for 4 bedrooms and 4 bathrooms. With every major hurdle already cleared and design work fully completed, this is an exceptionally rare chance to step into a streamlined, high-upside property. Premier Excelsior setting where lifestyle, location and opportunity all come together! 35 Center Street, Excelsior, MN 55331 35 Center Street, Excelsior, MN 55331 35 Center Street, Excelsior, MN 55331
Open House (05/23/2026 - 12:00 pm - 1:30 pm)

Property Description
A rare opportunity to reimagine, renovate, or build new in one of Excelsior’s most sought-after locations. Positioned just one street from the Port of Excelsior with stunning lake views and the shores of Lake Minnetonka just steps away, the setting alone makes this an exceptional offering. The property offers incredible flexibility whether you choose to bring your own vision to life, move forward with the fully approved proposed plans, or start fresh with a custom new build tailored to your exact specifications. The current residence features a functional 4-bed, 3-bath layout with hardwood floors, abundant natural light, spacious living areas, and walkout access to back deck. A main-level bedroom paired with a nearby full bathroom offers added convenience and flexibility for guests, office space, or everyday living. Upstairs includes three bedrooms plus a flexible den/office space, while the walkout lower level adds additional living space, 3/4 bathroom, and storage versatility. An easement has already been secured for a future driveway and garage addition, significantly enhancing both value and usability! What truly sets this property apart is the extensive redevelopment groundwork already completed. Fully approved plans, variances, design review, architectural drawings, MEP plans, and curated finish selections are included if desired, creating a streamlined, permit-ready opportunity in a premier Excelsior setting!

Details
Maps
Documents
Contract Information
Status: Active
Contingency: None
Current Price: 795000
Original List Price: 825000
ListPrice: 795000
List Date: 2026-05-08
Owner is an Agent?: No
Auction?: No
General Property Information
Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 1
Road Btwn WF & Home?: Yes
Waterfront Present: No
Year Built: 1920
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bedrooms: 4
Baths Total: 3
Bath Full: 2
Bath Three Quarters: 1
Main Floor Total SqFt: 971
Above Grd Total SqFt: 1696
Below Grd Total SqFt: 725
Total SqFt: 2421
Total Finished Sqft: 1531.00
FireplaceYN: Yes
Lake/Waterfront Name: Minnetonka
Style: (SF) Single Family
Foundation Size: 806
Lot Dimensions: 50 X 177
Acres: 0.2
Assessment Pending: No
Location Tax and Other Information
House Number: 35
Street Name: Center
Street Suffix: Street
Postal City: Excelsior
County: Hennepin
State: MN
Zip Code: 55331
Complex/Dev/Subdivision: Auditors Sub 135
Assessments
Tax With Assessments: 9430
Building Information
Finished SqFt Above Ground: 1531
Lake Details
Lake Acres: 14205
Lake Depth: 113
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 23
Section#: 34
Township#: 117
Property Features
Accessible: None
Air Conditioning: Central Air
Amenities Unit: Hardwood Floors; Kitchen Window; Sun Room; Walk-In Closet
Appliances: Chandelier; Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer
Basement: Full; Unfinished
Bath Description: Shower Only; Main Floor Full Bath; Upper Level Full Bath; 3/4 Basement; Walk-In Shower Stall
Construction Status: Previously Owned
Dining Room Description: Informal Dining Room; Living/Dining Room
Exterior: Stucco
Fencing: None
Fireplace Characteristics: Brick; Wood Burning
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Forced Air
Laundry: Lower Level; Sink
Lot Description: Irregular Lot
Road Frontage: City Street; Curbs; Paved Streets; Sidewalks
Road Responsibility: Public Maintained Road
Roof: Asphalt Shingles
Sellers Terms: Cash; Conventional; Other
Sewer: City Sewer/Connected
Special Search: 3 BR on One Level; Main Floor Bedroom
Stories: Two
Water: City Water/Connected
Waterfront View: Lake
Room Information
Room Name Dimensions Level
Dining Room9 X 8Main
First (1st) Bedroom12 X 10Main
Fourth (4th) Bedroom14 X 11Upper
Kitchen15 X 10Main
Living Room27 X 11Main
Office11 X 5Upper
Second (2nd) Bedroom15 X 11Upper
Third (3rd) Bedroom15 X 9Upper

Listing Office: eXp Realty

Last Updated: May - 20 - 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.

Saturday 23rd of May 2026 08:55 AM

218-998-4400

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