Rare redevelopment opportunity on 1st Street - the “gem of all the streets” in the Village of Excelsior! Most of the homes on this quiet, one-way street are new or substantially renovated! Bring your vision to this gutted single-family home and create something truly special in one of the lake area’s most desirable and walkable communities. Renovate the existing structure or start fresh with new construction and take advantage of the property’s prime location and one block from Excelsior Commons, the swim beach, tennis courts, baseball diamond, and the City of Excelsior boat docks. Architectural plans have already been developed with local architect Mike Sharratt, who has an as a great track record with the City of Excelsior, for a thoughtfully designed home that works beautifully with the small size of the lot. This will give the next owner an exciting head start on the possibilities. Enjoy the best of the walkable Excelsior lifestyle just blocks from downtown, with restaurants, shops, coffee, parks, trails, beaches and Lake Minnetonka all close by. Opportunities to create a custom home in the Village are increasingly hard to find. Bring your builder, your vision, and create something exceptional in Excelsior.
Amazing opportunity in Excelsior Village. Here is your chance to restore an early 1900's classic cottage already oozing with character. Property warrants major renovation. Basically down to studs only inside. Supreme location on a quiet street with peek-a-boo views of Lake Minnetonka. If you're looking for walkability this is close, but just far enough away from the park, beach and commons. This is your diamond in the rough!
NORTHSTARMLS as Distributed by MLS Grid #5319831
Dec 13, 2019
Sold
$329,000
$142/sq ft
Nov 20, 2019
Pending
—
Nov 18, 2019
Listed
$329,000
$142/sq ft
Amazing opportunity in Excelsior Village. Here is your chance to restore an early 1900’s classic cottage already oozing with character. Property warrants a light renovation, major renovation or start all over! Supreme location on a quiet street with peek-a-boo views of Lake Minnetonka. If you’re looking for walkability this is close, but just far enough away from the park, beach, and commons. Stellar!
Public Records
Aug 8, 2003
Sold
$232,300
$100/sq ft
NORTHSTARMLS as Distributed by MLS Grid #2182896
Jul 23, 2003
Listed
$232,300
$100/sq ft
Public Records
Jun 5, 2002
Sold
$200,000
$86/sq ft
NORTHSTARMLS as Distributed by MLS Grid #2010774
May 14, 2002
Listing Removed
—
Feb 8, 2002
Listed
$209,900
$91/sq ft
Public Records
Mar 1, 1978
Sold
$31,000
$13/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$5,631 (+5.0%)
$458,500 + $1,000
$459,500
2025
$5,363 (+18.5%)
$448,000 + $1,000
$449,000
2024
$4,528 (+20.6%)
$389,000 + $1,000
$390,000
2023
$3,755 (−28.0%)
$306,000 + $10,000
$316,000
2022
$5,212 (+7.0%)
$306,000 + $94,000
$400,000
2021
$4,873 (−3.8%)
2020
$5,065 (+8.2%)
2019
$4,682 (−0.8%)
2018
$4,718 (+11.2%)
2017
$4,242 (+9.6%)
2015
$3,871 (+26.9%)
2014
$3,051 (+3.8%)
2013
$2,939 (−6.6%)
2012
$3,148
Public record
Beds
3
Baths
1
Stories
2
Lot width
36 ft.
Lot depth
75 ft.
Lot size
2,614 Sq. Ft.
Year renovated
1915
Finished Sq. Ft.
1,833
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,833
Year built
1915
Style
Other
County
Hennepin County
APN
27 117 23 43 0002
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 98° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Excelsior, MN • 55331
Average low and high temperatures (°F)
22
6
30
13
48
28
57
38
70
50
79
61
85
67
78
63
75
58
64
47
44
31
29
14
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 111 1st St
$565,970
$8,930 under list price of $575K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $443K to $780K.