Date
Details
Price
Change
Source
3/19/2026
Listed
$649,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Charming one-story home in the heart of historic Excelsior Village, offering a rare opportunity to enjoy Lake Minnetonka living at an approachable price point. This 2-bedroom, 1-bath residence sits just steps from Water Street, where you can walk to numerous amazing restaurants, shops, Excelsior Commons, Kowalski's grocery, and the regional trail system. The home itself provides a simple, functional layout ideal for a seasonal retreat, summer getaway, or low-maintenance year-round living. Enjoy morning coffee on the porch, evenings at the lake, and the convenience of being close to marinas, parks, and the vibrant downtown scene that defines Excelsior. For those looking to build, the property also presents a prime custom build opportunity. Surrounded by high-end homes and ongoing investment in the area, this lot offers strong long-term potential. Listing agent has conceptual plans available for a new home designed to fit the site. Garage could be added to homesite. Whether you're looking for a "cabin in the city," a weekend escape, or a future build site in one of Lake Minnetonka's most sought-after communities, this property offers flexibility and location that are hard to replicate.
Full Property Details
Full Property Details for 147 1st St
General
- Price: $649,900
- Taxes: $7,463 (2026)
- Status: Active
- Type: Single Family
- Source: NorthStarMLS_RMLS
- MLS ID: 7027546
- Updated: Today (3/19/2026)
- Added to Site: Today
Interior
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Freestanding, Wood-Burning, Wood Burning Stove
- Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Dining Room: Informal Dining Room
- Formal Dining Room: Informal Dining Room
- Laundry: In Basement, In Basement
Additional Information
- Amenities: Ceiling Fan(s), Hardwood Floors, Kitchen Window, Natural Woodwork
Parking
- Parking Features: On-Street Parking Only
Location
- County: Hennepin
- Township: Excelsior
- Subdivision: Auditors Sub 135
- Driving Directions: Water Street, to 2nd street, to center street, to first street. Home on right
School Information
- School District: 1246 - Minnetonka
- High School District: Minnetonka
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
Structural Information
- Exterior Const.: Block, Frame
- Basement: Yes
- Basement Desc.: Block, Daylight/Lookout Windows
- Foundation Size: 741
- Roof: Asphalt, Pitched
- Disability Access: None
- Square Feet: 741
- Above Ground: 741 Sq. Ft.
- Below Ground: 741 Sq. Ft.
- Finished Down/Base.: 1,482 Sq. Ft.
- Year Built: 1915
Lot Features
- Lot Size (Acres): 0.12
- Lot Dimensions: 37.5 x 132 x 39 x 132
- Frontage: City Street
- Zoning: Residential-Single Family
- Lot Description: Public Transit (w/in 6 blks), Light Tree Coverage
Financial Considerations
- Tax Amount: $7,463
- Tax Year: 2026
- Terms: Conventional Rehab, Conventional, Cash
Disclosures and Reports
- Legal Description: LOT 004 AUDITOR'S SUBD. NO. 135 NWLY 38 FT
- Property ID: 2711723440005
Listed by Compass
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NMLS#: 1598647
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Schools
Schools serving 147 1st St
School District:Minnetonka Public School District
| Name | Grades | Distance |
|---|---|---|
Excelsior Elementary School 441 Oak Street, Excelsior, MN 55331 | K-5 | 0.5 mi |
Minnetonka West Middle School 6421 Hazeltine Boulevard, Excelsior, MN 55331 | 6-8 | 1.5 mi |
Minnetonka Senior High School 18301 Minnesota 7, Minnetonka, MN 55345 | 9-12 | 2.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 147 1st St
Tax History
Tax History for 147 1st St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,216
21%
$577,900
15%
2023
$5,952
14%
$500,500
17%
2023
$5,208
-5%
$426,000
7%
2020
$5,495
8%
$396,580
8%
2019
$5,098
—
$366,060
-1%
2018
$5,119
41%
$368,240
47%
2017
$3,642
3%
$250,520
6%
2016
$3,546
11%
$237,440
14%
2015
$3,200
24%
$209,100
35%
2014
$2,582
-3%
$154,600
-6%
2013
$2,670
—
$164,410
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 147 1st St
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- Lots/Land
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Listed by United Real Estate Twin Cities
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Sold by Keller Williams Premier Realty Lake Minnetonka
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Sold by Edina Realty, Inc.
147 1st Street, Excelsior, MN 55331 (MLS# 7027546) is a Single Family property with 2 bedrooms and 1 full bathroom. 147 1st Street is currently listed for $649,900 and was received on March 19, 2026. Want to learn more about 147 1st Street? Do you have questions about finding other Single Family real estate for sale in Excelsior? You can browse all Excelsior real estate or contact a Coldwell Banker agent to request more information.