5570 & 5580 Shorewood Lane, Excelsior, MN 55331 (MLS# 7079447)
$615,000
Excelsior, MN 55331
MLS# 7079447
6 beds | 4 baths | 2510 sqft
1 / 53
Property Description
Exceptional investment and lifestyle opportunity in the heart of Shorewood! This outstanding duplex is ideally located just steps from the Lake Minnetonka Regional Trail, offering direct access into downtown Excelsior where youâll enjoy restaurants, boutique shopping, and vibrant lake life year-round. Walk or bike to nearby Tonka Bay for additional dining favorites including Hazelwood and Joey Novaâs. Whether youâre an investor or owner-occupant, this property offers a rare income-producing opportunity with strong rental potential while enjoying one of Lake Minnetonkaâs most desirable communities. Both units have been extensively updated and well maintained. Major exterior improvements completed in 2010 include new columns, shutters, paint, professional landscaping, and a 35-year Timberline roof. Recent 2026 updates bring a fresh, modern feel throughout with new carpet, luxury vinyl plank flooring, full interior paint, updated light switches, painted garage and utility floors, and new appliances. Additional mechanical updates include newer furnaces installed within the past five years, providing added efficiency and peace of mind. Enjoy low-maintenance ownership, thoughtful updates, and an unbeatable location near trails, dining, and the best of Lake Minnetonka living.
Details
Maps
Contract Information
Status: Active
Contingency: None
Current Price: 615000
Original List Price: 615000
ListPrice: 615000
List Date: 2026-05-22
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1968
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 6
Baths Total: 4
Main Floor Total SqFt: 1560
Above Ground SqFt: 1560
Below Grd Total SqFt: 950
Total SqFt: 2510
Foundation Size: 950
Style: (MF) Duplex Side X Side
Total Finished Sqft: 2230.00
Garage Stalls: 2
Lot Dimensions: 135x329x421x140
Acres: 0.46
Assessment Pending: Unknown
Location Tax and Other Information
House Number: 5570 & 5580
Street Name: Shorewood
Street Suffix: Lane
Postal City: Excelsior
County: Hennepin
State: MN
Zip Code: 55331
Assessments
Tax With Assessments: 7026.38
Building Information
Finished SqFt Above Ground: 1560
Finished SqFt Below Ground: 670
Income and Expenses
Annual Electric Expense: 1
Annual Fuel Expense: 1
Annual Gross Expenses: 3000
Annual Gross Income: 48000
Annual Insurance Expense: 1
Annual Maintenance Expense: 1000
Annual Net Income: 45000
Annual Repair Expense: 1500
Annual Trash Expense: 1
Annual Water/Sewer Expense: 1
Total Annual Expenses: 3000
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 484
Unit 1
Furnished?: No
Leased?: No
Unit Number: 1
# of Fireplaces: 1
1/2 Baths: 1
Annual Rent: 21600
Finished SqFt: 1115
Full Baths: 1
Monthly Expense: 125
Monthly Rent: 2000
No. of Units Like This: 1
Oth Parking Spaces: 2
Total Baths: 2
Total Bedrooms: 3
Total Rooms: 5
Unit 2
Furnished?: No
Leased?: No
Unit Number: 2
# of Fireplaces: 1
1/2 Baths: 1
Annual Rent: 21600
Finished SqFt: 1115
Full Baths: 1
Monthly Expense: 125
Monthly Rent: 2000
No. of Units Like This: 1
Total Baths: 2
Total Bedrooms: 3
Total Rooms: 5
Unit Details
Total Units: 2
Property Features
Accessible: None
Basement: Full
Construction Status: Previously Owned
Exterior: Wood
Fencing: None
Foundation: Other
Fuel: Natural Gas
Heating: Forced Air
Laundry: Laundry Room; Lower Level
Lot Description: Irregular Lot; Tree Coverage - Heavy
Pool Description: None
Road Frontage: City Street
Roof: Asphalt Shingles
Sellers Terms: Cash; Conventional; FHA; VA
Sewer: City Sewer/Connected
Stories: One
Unit 1 Amenities: Ceiling Fan(s); Kitchen Window; Patio
Unit 1 Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer
Unit 1 Bath Description: 1/2 Basement; Main Floor Full Bath
Unit 1 Cooling: Wall
Unit 1 Dining Room Description: Informal Dining Room
Unit 1 Family Room Characteristics: Main Level
Unit 1 Fireplace Char: Living Room
Unit 1 Special Search: Main Floor Bedroom
Unit 2 Amenities: Ceiling Fan(s); Kitchen Window; Patio; Tile Floors; Washer/Dryer Hookup
Unit 2 Appliances: Dishwasher; Dryer; Exhaust Fan/Hood; Range; Refrigerator; Washer
Unit 2 Bath Description: 1/2 Basement; Main Floor Full Bath
Unit 2 Cooling: Window
Unit 2 Dining Room Description: Living/Dining Room
Unit 2 Family Room Characteristics: Main Level
Unit 2 Special Search: Main Floor Bedroom
Water: Well
Listing Office: Keller Williams Premier Realty Lake Minnetonka
Last Updated: May - 22 - 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.
Sunday 24th of May 2026 02:29 AM
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