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$850,000 Coming Soon

  • For Sale
  • Coming Soon
  • Single Family
  • 4 Beds
  • 1 Full Bath
  • 2 Partial Baths
  • 2,574 Sq. Ft.
  • 1 Car Garage
  • Updated 1 day ago

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Open House: 3:00 PM - 5:00 PM

Thursday 3/5 3:00 PM - 5:00 PM

516 Grace Street,Excelsior, MN 55331

516 Grace StreetExcelsiorMN55331

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Main floor living in Excelsior with private water views! Fully remodeled to the studs in 2020/2021 and re-crafted with a nod to its midcentury heritage while adding all the necessary spaces and amenities for today's living. Open Kitchen with large island and a built in bistro bench offers fabulous views of the lake and graciously welcomes the the sunlight thru its large lakeside windows. 2 bedrooms & 2 bathrooms on main including a true primary suite boasting; dual sinks, large shower, walk in closet and a screen porch. A 2nd large bedroom on main offers flexible space for lakeside bedroom/office/den with a 2nd full bath & laundry rounding out the main level. In the full walk out lower level you'll find 2 bedrooms and refreshed 3/4 bath giving room for guests who will all want to visit your new home in Excelsior - as well as a family room and a flex/exercise room! New deck and circle concrete driveway as well as all new windows, roof, gutters, siding & landscaping make this a truly turn key offering all an easy walk into the Village and all it has to offer. The perfect size with thoughtful layout and touches - this home punches above it's weight with spaces, finishes and location.

Full Property Details for 516 Grace St

General

  • Price: $850,000
  • Taxes: $7,073 (2025)
  • Status: Coming Soon
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7021243
  • Updated: 2/26/2026
  • Added to Site: 1 day(s) ago
  • Expected Market Date: 3/5/2026

Interior

  • Appliances: Dishwasher, Disposal, Dryer, ENERGY STAR Qualified Appliances, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Dining Room: Breakfast Bar, Breakfast Area
  • Formal Dining Room: Breakfast Bar, Breakfast Area
  • Laundry: In Hall, Laundry Closet, Lower Level, Main Level, Washer Hookup, In Hall, Laundry Closet, Lower Level, Main Level, Washer Hookup

Additional Information

  • Amenities: Ceiling Fan(s), Exercise Room, Hardwood Floors, Kitchen Center Island, Kitchen Window, Primary Bedroom Walk-In Closet, Main Floor Primary Bedroom, Natural Woodwork, Patio, Porch, In-Ground Sprinkler, Tile Floors, Washer/Dryer Hookup, Wet Bar, Walk-In Closet

Exterior

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

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Description: 20 x 11
  • Garage Spaces: 1
  • Parking Features: Attached Garage, Concrete, Insulated Garage

Location

  • County: Hennepin
  • Township: Excelsior
  • Subdivision: Zims Add
  • Driving Directions: Mill Street south out of Excelsior, right on Grace Street.

School Information

  • School District: 1246 - Minnetonka
  • High School District: Minnetonka

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air, In-Floor Heating
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Exterior Const.: Block
  • Basement: Yes
  • Basement Desc.: Block, Egress Window(s), Full, Walk-Out
  • Foundation Size: 1202
  • Roof: Age 8 Years or Less, Asphalt
  • Disability Access: None
  • Square Feet: 2,574
  • Above Ground: 1,540 Sq. Ft.
  • Below Ground: 1,202 Sq. Ft.
  • Finished Down/Base.: 2,742 Sq. Ft.
  • Year Built: 1957

Lot Features

  • Lot Size (Acres): 0.36
  • Lot Dimensions: 81 x 201
  • Frontage: City Street, Cul-de-Sac, No Outlet/Dead End, Paved Streets
  • Zoning: Residential-Single Family
  • Lot Description: Medium Tree Coverage

Water Features

  • Water Front Desc.: Lakefront, Lake View
  • Water Front Elev.: 10-15
  • Lake Front: Yes
  • Lake Bottom: Weeds

Financial Considerations

  • Tax Amount: $7,073
  • Tax Year: 2025
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: LOT 004 ZIMS ADDN
  • Property ID: 3511723320027
Buyer's Brokerage Compensation: Contact Listing Agent
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— 516 Grace St —

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Schools serving 516 Grace St

School District:Minnetonka Public School District
NameGradesDistance
Excelsior Elementary School
441 Oak Street, Excelsior, MN 55331
K-50.3 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
9-122.6 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 516 Grace St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/26/2026
Listed
$850,000
123.68%
MLS
4/02/2020
Sold
$380,000
—
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 516 Grace St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,329
15%
$577,400
11%
2023
$6,382
-18%
$522,400
-2%
2023
$7,826
—
$533,000
41%
2023
$7,826
73%
$379,000
13%
2020
$4,516
—
$334,450
—
2019
$4,515
2%
$334,450
2%
2018
$4,431
3%
$329,000
5%
2017
$4,313
-2%
$313,740
—
2016
$4,411
-1%
$313,740
—
2015
$4,474
13%
$313,740
21%
2014
$3,942
1%
$259,240
-2%
2013
$3,913
—
$263,600
—
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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516 Grace Street, Excelsior, MN 55331 (MLS# 7021243) is a Single Family property with 4 bedrooms, 1 full bathroom and 2 partial bathrooms. 516 Grace Street is currently listed for $850,000 and was received on February 26, 2026. This property is listed by Lori Schneck from our Minnetonka Office.Want to learn more about 516 Grace 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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