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$4,995,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 1 Full Bath
  • 3 Partial Baths
  • 4,661 Sq. Ft.
  • 2 Car Garage
  • Updated 2 hours ago

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Open House: 11:00 AM - 1:00 PM

Tuesday 4/21 11:00 AM - 1:00 PM

254 Lake Street,Excelsior, MN 55331

254 Lake StreetExcelsiorMN55331

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Breathtaking Peter Eskuche + Mikan collaboration offering the highest level of finish throughout this completed new construction masterpiece! Enjoy the stunning architectural details and open flowing floorplan offering walls of windows showcasing gorgeous views overlooking Excelsior Bay. The main-level features light + bright spaces; gourmet kitchen with high-end appliances, coffee bar and prep kitchen and spacious family room with sliding glass doors that open to the large porch with phantom screens and unmatched water views, creating the perfect blend of indoor + outdoor living! The upper-level offers a loft with built-ins and beverage fridge; bonus room with fireplace + lake views; office area; two guest bedrooms and spacious primary suite with spa-like bathroom! Lower-level featuring unparalleled amenities including the large family room + game area; wet bar; exercise room; sauna and golf simulator. Ideally located in the heart of Excelsior just steps to shops, restaurants and all the amenities downtown has to offer! Truly a must see!

Full Property Details for 254 Lake St

General

  • Price: $4,995,000
  • Taxes: $14,117 (2026)
  • Status: Active
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7058891
  • Updated: Today (4/20/2026)
  • Added to Site: Today

Interior

  • Fireplace: Yes
  • Number of Fireplaces: 2
  • Fireplace(s): Family Room
  • Appliances: Chandelier, Dishwasher, Dryer, Exhaust Fan, Humidifier, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 1
  • 3/4 Bathrooms: 2
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Dining Room: Informal Dining Room
  • Formal Dining Room: Informal Dining Room
  • Laundry: Laundry Room, Upper Level, Laundry Room, Upper Level

Additional Information

  • Amenities: Exercise Room, Hardwood Floors, Hot Tub, Kitchen Center Island, Kitchen Window, Primary Bedroom Walk-In Closet, Panoramic View, Sauna, Tile Floors, Vaulted Ceiling(s), Washer/Dryer Hookup, Wet Bar, Walk-In Closet

Exterior

  • Porch/Patio/Deck: Covered, Patio, Screened

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Parking Features: Attached Garage

Location

  • County: Hennepin
  • Township: Excelsior
  • Subdivision: Seamans Sub Of Lts 7 & 8 Excelsior
  • Driving Directions: Water Street to left on Lake Street to home. Garage access is off alley behind the house!

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

  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Finished, Full
  • Foundation Size: 1766
  • Roof: Age 8 Years or Less
  • Disability Access: None
  • Square Feet: 4,661
  • Year Built: 2024

Lot Features

  • Lot Size (Acres): 0.16
  • Lot Dimensions: Irregular
  • Zoning: Residential-Single Family

Water Features

  • Water Front Desc.: Lake View
  • Lake Front: Yes

Financial Considerations

  • Tax Amount: $14,117
  • Tax Year: 2026

Disclosures and Reports

  • Legal Description: LOT 003 SEAMANS SUBD OF LOTS 7 & 8 EXCELSIOR EX ALLEY
  • Property ID: 3411723110134
Buyer's Brokerage Compensation: 2.7%
Not binding unless confirmed by separate agreement among applicable parties.

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— 254 Lake St —

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 254 Lake St

School District:Minnetonka Public School District
NameGradesDistance
Excelsior Elementary School
441 Oak Street, Excelsior, MN 55331
K-50.4 mi
Minnetonka West Middle School
6421 Hazeltine Boulevard, Excelsior, MN 55331
6-81.5 mi
Minnetonka Senior High School
18301 Minnesota 7, Minnetonka, MN 55345
9-122.8 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 254 Lake St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/20/2026
Listed
$4,995,000
555.08%
MLS
1/27/2023
Sold
$762,500
—
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 254 Lake St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,981
38%
$1,063,100
14%
2023
$10,112
18%
$933,300
19%
2023
$8,558
—
$786,000
3%
2023
$8,558
-9%
$764,000
3%
2020
$9,409
-16%
$741,000
-13%
2019
$11,140
-22%
$847,000
-17%
2018
$14,241
24%
$1,021,000
23%
2017
$11,530
7%
$829,000
9%
2016
$10,737
10%
$762,000
13%
2015
$9,727
11%
$673,000
19%
2014
$8,737
—
$566,000
-2%
2013
$8,699
—
$575,000
—
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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254 Lake Street, Excelsior, MN 55331 (MLS# 7058891) is a Single Family property with 4 bedrooms, 1 full bathroom and 3 partial bathrooms. 254 Lake Street is currently listed for $4,995,000 and was received on April 20, 2026. This property is listed by Jeffrey Dewing from our Wayzata Office.Want to learn more about 254 Lake 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.

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