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$629,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 2,612 Sq. Ft.
  • Updated 13 hours ago
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Prime Excelsior location-walk to downtown, Lake Minnetonka, dining, shopping, parks, and trails. This Minnetonka schools, Four-bedroom layout has flexible space for family, guests, or a home office. Separate climate controlled studio/office ideal for remote work, fitness, or creative use. Bright morning room off the kitchen for coffee, casual meals, or sunlit lounging. Walkout primary bedroom with direct access to the private backyard. Large windows throughout for abundant natural light. Private fenced backyard perfect for entertaining, pets, and outdoor relaxation. Adjacent to the new Mill Street pathway with access to regional trail networks. Move in ready with recent updates: new driveway, fresh paint, and new flooring. Highly walkable neighborhood with the privacy of a backyard retreat. Enjoy year round Excelsior living close to the lake, recreation, and community events. Lots to like, you will not be disappointed.

Full Property Details for 542 3rd Ave

General

  • Price: $629,000
  • Taxes: $5,602 (2026)
  • Status: Active
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7123402
  • Updated: 8/7/2026
  • Added to Site: 1 day(s) ago

Interior

  • Fireplace: Yes
  • Number of Fireplaces: 2
  • Fireplace(s): Brick, Wood-Burning
  • Appliances: Dryer, Range, Refrigerator, Washer

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Dining Room: Informal Dining Room
  • Formal Dining Room: Informal Dining Room
  • Laundry: In Basement, In Basement

Additional Information

  • Amenities: Hardwood Floors, Main Floor Primary Bedroom, Patio, Washer/Dryer Hookup

Exterior

  • Porch/Patio/Deck: Patio

Parking

  • Parking Features: Asphalt

Location

  • County: Hennepin
  • Township: Excelsior
  • Subdivision: Jones & Galpins Add & Sub Galpins
  • Driving Directions: Hwy 7 to Christmas Lake Rd then take a right on Division St. Take a left on 2nd Ave and at the 1st stop sign take a left on to Wheeler Drive. Stay on Wheeler until you get to Mill St take a right on Mill to the driveway for 542 3rd Ave.

School Information

  • School District: 276 - 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.: Frame
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Block, Finished
  • Foundation Size: 1636
  • Roof: Age Over 8 Years
  • Disability Access: None
  • Square Feet: 2,612
  • Above Ground: 2,196 Sq. Ft.
  • Below Ground: 735 Sq. Ft.
  • Finished Down/Base.: 2,931 Sq. Ft.
  • Year Built: 1948

Lot Features

  • Lot Size (Acres): 11,326
  • Lot Dimensions: 128 x 91 x 129 x 86
  • Frontage: City Street
  • Zoning: Residential-Single Family

Financial Considerations

  • Tax Amount: $5,602
  • Tax Year: 2026

Disclosures and Reports

  • Legal Description: LOT 002 JONES & GALPINS ADDN & SUBD GALPINS THAT PART OF LOT 2 LYING ELY OF A LINE RUNNING SELY FROM A PT IN THE NWLY LINE THOF DIS 91 FT SWLY FROM THE MOST NLY COR TO A PT IN THE SELY LINE THOF A DIS OF 86 FT SWLY FROM THE MOST ELY COR THOF INCL ADJ 1/2 OF ALLEY VAC
  • Property ID: 3511723230046
Buyer's Brokerage Compensation: 2.7%
Not binding unless confirmed by separate agreement among applicable parties.

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— 542 3rd Ave —

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

Schools serving 542 3rd Ave

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
6-81.3 mi
Minnetonka Senior High School
18301 Minnesota 7, Minnetonka, MN 55345
9-122.6 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 542 3rd Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/07/2026
Listed
$629,000
305.81%
MLS
5/15/2009
Sold
$155,000
—
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 542 3rd Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,602
4%
$457,200
1%
2025
$5,388
9%
$451,100
6%
2023
$4,935
6%
$425,100
9%
2023
$4,634
—
$390,000
14%
2023
$4,634
7%
$343,000
7%
2020
$4,326
2%
$322,000
2%
2019
$4,258
7%
$317,000
7%
2018
$3,968
3%
$296,000
5%
2017
$3,854
2%
$282,000
5%
2016
$3,761
9%
$269,000
11%
2015
$3,449
17%
$243,000
25%
2014
$2,940
-2%
$195,000
-4%
2013
$2,990
—
$203,000
—
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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542 3rd Avenue, Excelsior, MN 55331 (MLS# 7123402) is a Single Family property with 4 bedrooms, 2 full bathrooms and 1 partial bathroom. 542 3rd Avenue is currently listed for $629,000 and was received on August 07, 2026. This property is listed by Dave Philp from our Minnetonka Office.Want to learn more about 542 3rd 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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