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$3,690,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 3 Full Baths
  • 2 Partial Baths
  • 5,088 Sq. Ft.
  • 3 Car Garage
  • Updated 8 hours ago
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Like-new construction on Lake Minnetonka, only better! This exceptional 2021 custom-built luxury home is set on sought after Gideon Bay with 51 feet of sandy, level shoreline, a private beach, and panoramic lake views. Situated on an extra deep lot just minutes from downtown Excelsior, this property offers the rare combination of privacy, walkability, and premier lakeside living. Designated for both everyday living and entertaining, the home features a chef's kitchen with a 10-foot island, Thermador 8-burner gas/induction range, and a fully equipped back prep kitchen. The stunning primary suite captures sweeping lake views and includes a spa-like bath and oversized walk-in closet. Four bedrooms are located on the upper level, plus a private guest suite above the garage with its own entrance, kitchenette, and full bath, ideal for visitors, au pair, or multigenerational living. The walkout lower level is an entertainer's dream with a wine room, theater, exercise room, family room, guest bedroom, and a full bar with ice-maker and pass-through window to the patio bar, perfect for summer gatherings. The heated, lift-ready garage accommodates two vehicle lifts and is wired for supplemental heat. Enjoy front-row views of Excelsior's fireworks, quick access to Lake Minnetonka by boat, and proximity to restaurants, trails, and boutique shopping by land. This turn-key waterfront retreat is ideal for year-round living or as a premier summer lake home.

Full Property Details for 165 Mound Ave

General

  • Price: $3,690,000
  • Taxes: $44,875 (2025)
  • Status: Active
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6823642
  • Updated: Today (2/12/2026)
  • Added to Site: Today

Interior

  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Gas, Living Room
  • Appliances: Air-To-Air Exchanger, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliances, Tankless Water Heater, Washer, Water Softener Owned

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 3
  • 3/4 Bathrooms: 1
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Dining Room: Kitchen/Dining Room
  • Formal Dining Room: Kitchen/Dining Room
  • Laundry: Laundry Room, Upper Level, Laundry Room, Upper Level

Additional Information

  • Amenities: Ceiling Fan(s), Dock, Exercise Room, Hardwood Floors, Kitchen Center Island, Kitchen Window, Primary Bedroom Walk-In Closet, Patio, Paneled Doors, Panoramic View, Security System, Boat Slip, In-Ground Sprinkler, Tile Floors, Vaulted Ceiling(s), Washer/Dryer Hookup, Walk-In Closet

Exterior

  • Porch/Patio/Deck: Composite Decking, Deck, Rear Porch

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Description: 22 x 40
  • Garage Spaces: 3
  • Parking Features: Attached Garage, Asphalt, Garage Door Opener, Insulated Garage, Tuckunder Garage

Location

  • County: Hennepin
  • Township: Excelsior
  • Subdivision: Slocums Rgt Of Manitou Forest
  • Driving Directions: County Road 19 (Manitou Rd) to Woodlawn, left on Mound Avenue, 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 (In-Street)

Structural Information

  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Egress Window(s), Finished, Full, Walk-Out
  • Foundation Size: 1500
  • Roof: Age 8 Years or Less, Asphalt, Metal, Pitched
  • Disability Access: None
  • Square Feet: 5,088
  • Above Ground: 3,788 Sq. Ft.
  • Below Ground: 1,500 Sq. Ft.
  • Year Built: 2021

Lot Features

  • Lot Size (Acres): 0.36
  • Lot Dimensions: 51 x 305 x 56 x 320
  • Frontage: City Street
  • Zoning: Shoreline, Residential-Single Family
  • Lot Description: Accessible Shoreline, Medium Tree Coverage

Water Features

  • Water Front Desc.: Lakefront
  • Water Front Feet: 51
  • Lake Front: Yes
  • Lake Bottom: Sand

Financial Considerations

  • Tax Amount: $44,875
  • Tax Year: 2025
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: LOT 005 SLOCUMS RGT OF MANITOU FOREST INCL ADJ ST VAC
  • Property ID: 2811723430053

Listed by RE/MAX Results

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— 165 Mound Ave —

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Schools serving 165 Mound Ave

School District:Minnetonka Public School District
NameGradesDistance
Minnewashta Elementary School
26350 Smithtown Rd, Excelsior, MN 55331
K-51.3 mi
Minnetonka West Middle School
6421 Hazeltine Boulevard, Excelsior, MN 55331
6-81.7 mi
Minnetonka Senior High School
18301 Minnesota 7, Minnetonka, MN 55345
9-124 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 165 Mound Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/12/2026
Listed
$3,690,000
10.31%
MLS
9/20/2021
Sold
$3,345,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 165 Mound Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$44,875
15%
$3,553,300
8%
2023
$39,099
7%
$3,278,200
8%
2023
$36,703
—
$3,040,000
135%
2023
$36,703
238%
$1,293,000
57%
2020
$10,866
—
$824,000
1%
2019
$10,913
-6%
$817,000
-6%
2018
$11,635
8%
$869,000
9%
2017
$10,762
6%
$800,000
7%
2016
$10,187
3%
$750,000
3%
2015
$9,908
4%
$731,000
8%
2014
$9,495
2%
$677,000
—
2013
$9,264
—
$680,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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165 Mound Avenue, Excelsior, MN 55331 (MLS# 6823642) is a Single Family property with 5 bedrooms, 3 full bathrooms and 2 partial bathrooms. 165 Mound Avenue is currently listed for $3,690,000 and was received on February 12, 2026. Want to learn more about 165 Mound Avenue? 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.

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