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$639,900 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 2 Units
  • 6 Total Beds
  • 2 Car Garage
  • Updated 2 hours ago
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Exceptional investment and lifestyle opportunity in the heart of Shorewood! This outstanding duplex is ideally located just steps from the Lake Minnetonka Regional Trail, offering direct access into downtown Excelsior where you'll enjoy restaurants, boutique shopping, and vibrant lake life year-round. Walk or bike to nearby Tonka Bay for additional dining favorites including Hazelwood and Joey Nova's. Whether you're an investor or owner-occupant, this property offers a rare income-producing opportunity with strong rental potential while enjoying one of Lake Minnetonka's most desirable communities. Both units have been extensively updated and well maintained. Major exterior improvements completed in 2010 include new columns, shutters, paint, professional landscaping, and a 35-year Timberline roof. Recent 2026 updates bring a fresh, modern feel throughout with new carpet, luxury vinyl plank flooring, full interior paint, updated light switches, painted garage and utility floors, and new appliances. Additional mechanical updates include newer furnaces installed within the past five years, providing added efficiency and peace of mind. Enjoy low-maintenance ownership, thoughtful updates, and an unbeatable location near trails, dining, and the best of Lake Minnetonka living.

Full Property Details for 5580 Shorewood Ln

General

  • Price: $639,900
  • Taxes: $7,026 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7029270
  • Updated: Today (3/3/2026)
  • Added to Site: Today

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: Lower Level, Laundry Room, Lower Level, Laundry Room

Exterior

  • Porch/Patio/Deck: Patio

Parking

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

Location

  • County: Hennepin
  • Township: Shorewood
  • Driving Directions: Co. Rd. 9 to Shorewood Lane to duplex on left.

School Information

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

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: Well

Structural Information

  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Finished, Full
  • Foundation Size: 950
  • Roof: Asphalt
  • Disability Access: None
  • Square Feet: 2,230
  • Above Ground: 1,560 Sq. Ft.
  • Below Ground: 950 Sq. Ft.
  • Finished Down/Base.: 2,510 Sq. Ft.
  • Year Built: 1968

Unit Information

  • Units w/Refrigerators: 1

Lot Features

  • Lot Size (Acres): 1
  • Lot Dimensions: 135 x 329 x 421 x 140
  • Frontage: City Street
  • Zoning: Residential-Multi-Family
  • Lot Description: Irregular Lot, Heavy Tree Coverage

Financial Considerations

  • Operating Expenses: $3,000
  • Tax Amount: $7,026.38
  • Tax Year: 2026
  • Terms: Conventional, VA, FHA, Cash

Disclosures and Reports

  • Legal Description: Lot 1, Block 1. Shorewood Terrace.
  • Property ID: 3311723110091

Listed by Keller Williams Premier Realty Lake Minnetonka

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— 5580 Shorewood Ln —

  • Keller Williams Premier Realty Lake Minnetonka

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NMLS#: 1598647

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Schools serving 5580 Shorewood Ln

School District:Minnetonka Public School District
NameGradesDistance
Minnewashta Elementary School
26350 Smithtown Rd, Excelsior, MN 55331
K-51.5 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
9-123.7 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 5580 Shorewood Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/03/2026
Listed
$639,900
121.42%
MLS
10/04/2001
Sold
$289,000
—
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 5580 Shorewood Ln

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,570
13%
$473,000
8%
2023
$5,796
6%
$437,100
7%
2023
$5,477
—
$408,000
14%
2023
$5,477
5%
$358,000
10%
2020
$5,220
2%
$326,000
3%
2019
$5,125
-2%
$318,000
5%
2018
$5,217
46%
$304,000
39%
2017
$3,579
4%
$218,000
6%
2016
$3,445
22%
$206,000
23%
2015
$2,816
5%
$167,000
10%
2014
$2,680
2%
$152,000
-1%
2013
$2,622
—
$153,000
—
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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Listed by Keller Williams Premier Realty Lake Minnetonka

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5580 Shorewood Lane, Excelsior, MN 55331 (MLS# 7029270) is a Multi-Family property with 2 units containing 6 bedrooms and 0 full bathrooms. 5580 Shorewood Lane is currently listed for $639,900 and was received on March 03, 2026. Want to learn more about 5580 Shorewood Lane? Do you have questions about finding other Multi-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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