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$425,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 1 Full Bath
  • 1 Partial Bath
  • 3,178 Sq. Ft.
  • Updated 3 hours ago
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Experience Lake Minnetonka living in this spacious 5-bedroom Excelsior home, just steps from access to Lake Galpin. With over 3,100 finished square feet, this move-in ready property offers exceptional space at a rare price point in this location. Major updates provide peace of mind, including furnace (2023), central air (2023), water heater (2023), kitchen appliances (2021-2022), washer and dryer (2020), and new upper-level carpet (2023). The open-concept main level is ideal for both everyday living and entertaining, featuring hardwood floors and a cozy fireplace that add warmth and character. Outdoor living shines with a recently refinished lower deck and spacious patio - perfect for summer BBQs, gatherings, or relaxing evenings. Enjoy year-round recreation with nearby lake access, then stroll just five minutes to vibrant downtown Excelsior and Lake Minnetonka.

Full Property Details for 401 Hwy 7

General

  • Price: $425,000
  • Taxes: $4,723 (2025)
  • Status: Active
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7020660
  • Updated: Today (2/13/2026)
  • Added to Site: Today

Interior

  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Family Room
  • Appliances: Central Vacuum, Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Dining Room: Separate Formal Dining Room
  • Formal Dining Room: Separate/Formal Dining Room
  • Laundry: In Basement, In Basement

Additional Information

  • Amenities: Ceiling Fan(s), Deck, French Doors, Hardwood Floors, Kitchen Window, Natural Woodwork, Patio, Panoramic View, Tile Floors, Walk-Up Attic

Exterior

  • Porch/Patio/Deck: Deck, Patio

Parking

  • Parking Features: Asphalt

Location

  • County: Hennepin
  • Township: Excelsior
  • Subdivision: Auditors Sub 135
  • Driving Directions: Highway 7 West of Christmas Lake Road to home on South side of the road.

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.: Block, Daylight/Lookout Windows, Drain Tiles, Egress Window(s), Full, Partially Finished, Sump Pump
  • Foundation Size: 1400
  • Roof: Age Over 8 Years, Asphalt
  • Disability Access: None
  • Square Feet: 3,178
  • Above Ground: 2,800 Sq. Ft.
  • Below Ground: 1,400 Sq. Ft.
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.32
  • Lot Dimensions: 92' x 140' x 108' x 139'
  • Frontage: Paved Streets, State Road, Highway
  • Zoning: Residential-Single Family
  • Lot Description: Corner Lot, Light Tree Coverage

Water Features

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

Financial Considerations

  • Tax Amount: $4,723
  • Tax Year: 2025
  • Terms: Conventional, VA, FHA, Cash

Disclosures and Reports

  • Legal Description: LOT 309 AUDITOR'S SUBD. NO. 135
  • Property ID: 3411723140033

Listed by Source One Realty, LLC

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Listing agents

— 401 Hwy 7 —

  • Source One Realty, LLC

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NMLS#: 1598647

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NMLS#: 1598647

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with our affiliated in-house agency

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

Schools serving 401 Hwy 7

School District:Minnetonka Public School District
NameGradesDistance
Excelsior Elementary School
441 Oak Street, Excelsior, MN 55331
K-50.2 mi
Minnetonka West Middle School
6421 Hazeltine Boulevard, Excelsior, MN 55331
6-81.2 mi
Minnetonka Senior High School
18301 Minnesota 7, Minnetonka, MN 55345
9-122.7 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 401 Hwy 7 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/13/2026
Listed
$425,000
4.68%
MLS
9/27/2023
Sold
$406,000
—
Public Record
Get Price Alerts and Save Property
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 401 Hwy 7

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,723
-5%
$395,400
-8%
2023
$4,997
7%
$430,400
10%
2023
$4,658
—
$392,000
9%
2023
$4,658
16%
$358,000
20%
2020
$4,017
2%
$299,000
2%
2019
$3,949
7%
$294,000
7%
2018
$3,686
5%
$275,000
7%
2017
$3,525
-1%
$257,580
2%
2016
$3,546
5%
$253,220
7%
2015
$3,376
—
$237,240
6%
2014
$3,377
-2%
$223,070
-4%
2013
$3,440
—
$232,880
—
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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Listed by Source One Realty, LLC

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401 Highway 7, Excelsior, MN 55331 (MLS# 7020660) is a Single Family property with 5 bedrooms, 1 full bathroom and 1 partial bathroom. 401 Highway 7 is currently listed for $425,000 and was received on February 13, 2026. Want to learn more about 401 Highway 7? 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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