OFF MARKET

Off market jul 2021 for $625K

$1,016,317

Est. refi paymentEst. refi $4,103/mo

•

1.5 ba

•

1,284

sq ft

125 1st St, Excelsior, MN 55331

About this home

Rare opportunity to build your Excelsior dream home with Landschute in the coveted enclave of 1st Street. Situated just steps from Lake Minnetonka, the Commons park, and all the activity on Water St, this property is a gem. The existing home and accessory buildings are tear downs and the new home designed to-be built will be 2,600+ square feet above ground with 3 bdrms and 4 baths. List price is for land only and does not include the new home.

2022Year Built

6,534 sq ftLot Size

$792Est. Price/Sq.Ft.

Listed by Michael Monson • The Landschute Group,Inc.

Listed by Jonathan Monson

Source:NORTHSTARMLS as Distributed by MLS Grid #5137007

Redfin Estimate

$1,016,317

$391K since sold in July 2021

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 63.6% higher than the average sale price ($621K) of 6 comparable homes.

SOLD SEP 11, 2026
$1,300,000
A
3 beds4 baths— sq ft
150 1st St, Excelsior, MN 55331
SOLD JUN 29, 2026
$780,000
B
4 beds3 baths— sq ft
35 Center St, Excelsior, MN 55331
SOLD SEP 30, 2026
$475,000
C
3 beds3 baths— sq ft
988 Daylily Dr, Victoria, MN 55386
SOLD AUG 28, 2026
$430,000
D
3 beds3 baths— sq ft
2446 Autumn Ridge Ct, Chanhassen, MN 55317
SOLD JUL 29, 2026
$443,000
E
3 beds3 baths— sq ft
8377 Crabapple Ct, Victoria, MN 55386
SOLD APR 24, 2026
$299,900
F
2 beds2 baths— sq ft
1203 79 1/2 St, Victoria, MN 55386

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Earn from this home

Sell

$506,896

Est. take-home

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Refinance

Est. cash available

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Market trends in 55331, MN

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

98.9%

0.6% MoM

Median sale price

$855K

$28K MoM

Avg. days on market

29d

7 days MoM

Recently sold homes

112

8 MoM

New listings for sale

OPEN SAT, 11:30AM TO 1PM
$424,999
3 beds2 baths1,684 sq ft
20552 Excelsior Blvd Unit -, Shorewood, MN 55331
NEW 30 HRS AGO
$425,000
3 beds3 baths1,667 sq ft
4775 Switchgrass Ln, Minnetrista, MN 55331
$565,000
4 beds2 baths1,873 sq ft
500 William St, Excelsior, MN 55331
$1,775,000
5 beds5 baths4,817 sq ft
20750 Parkview Ln, Shorewood, MN 55331
$2,250,000
3 beds4 baths2,401 sq ft
5125 West St, Greenwood, MN 55331
$1,299,900
4 beds4 baths4,088 sq ft
5915 Sweetwater Cir, Shorewood, MN 55331
$1,100,000
2 beds2 baths1,101 sq ft
423 Lake St, Excelsior, MN 55331
$845,000
3 beds4 baths4,406 sq ft
4905 Regents Walk, Shorewood, MN 55331
$1,549,862
3 beds3 baths3,787 sq ft
3961 White Oak Ln, Excelsior, MN 55331
$579,900
4 beds3 baths2,612 sq ft
542 3rd Ave, Excelsior, MN 55331
See all

Provided by Redfin

Sale history for 125 1st St

Date

Event

Price

Public Records

Jul 21, 2021

Sold

$625,000

$487/sq ft

Public Records

Jan 21, 2021

Sold

$559,000

$435/sq ft

Public Records

Mar 21, 2019

Sold

$548,824

$427/sq ft

NORTHSTARMLS as Distributed by MLS Grid #5137007

Mar 20, 2019

Sold

$549,000

$428/sq ft

Jan 25, 2019

Pending

—

Jan 21, 2019

Contingent

—

Jan 16, 2019

Listed

$549,000

$428/sq ft

Public Records

Oct 15, 2018

Sold

$387,579

$302/sq ft

Public Records

Oct 15, 2018

Sold

$775,156

$604/sq ft

Public Records

Aug 3, 1999

Sold

$20,900

$16/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$26,619 (+5.1%)

$655,000 + $1,247,600

$1,902,600

2025

$25,333 (+13.9%)

$640,000 + $1,221,200

$1,861,200

2024

$22,248 (+235.3%)

$831,000 + $862,100

$1,693,100

2023

$6,635 (−9.2%)

$471,000

2022

$7,304 (−12.1%)

$471,000

2021

$8,313 (−11.9%)

$456,000 + $82,000

$538,000

2020

$9,441 (+7.5%)

$440,000 + $152,000

$592,000

2019

$8,784 (−2.1%)

$406,000 + $145,000

$551,000

2018

$8,971 (+19.9%)

$406,000 + $144,000

$550,000

2017

$7,480 (+27.2%)

$285,000 + $162,000

$447,000

2015

$5,879 (+15.8%)

$242,000 + $159,000

$401,000

2014

$5,078 (+2.5%)

$155,000 + $169,000

$324,000

2013

$4,955 (−3.7%)

$142,000 + $181,000

$323,000

2012

$5,148

$163,000 + $189,000

$352,000

Tax history for 125 1st St

Year

Property tax

Land + Additions

Assessment*

2026

$26,619 (+5.1%)

$655,000 + $1,247,600

$1,902,600

2025

$25,333 (+13.9%)

$640,000 + $1,221,200

$1,861,200

2024

$22,248 (+235.3%)

$831,000 + $862,100

$1,693,100

2023

$6,635 (−9.2%)

$471,000

2022

$7,304 (−12.1%)

$471,000

2021

$8,313 (−11.9%)

$456,000 + $82,000

$538,000

2020

$9,441 (+7.5%)

$440,000 + $152,000

$592,000

2019

$8,784 (−2.1%)

$406,000 + $145,000

$551,000

2018

$8,971 (+19.9%)

$406,000 + $144,000

$550,000

2017

$7,480 (+27.2%)

$285,000 + $162,000

$447,000

2015

$5,879 (+15.8%)

$242,000 + $159,000

$401,000

2014

$5,078 (+2.5%)

$155,000 + $169,000

$324,000

2013

$4,955 (−3.7%)

$142,000 + $181,000

$323,000

2012

$5,148

$163,000 + $189,000

$352,000

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Property details

Interior

Basement Information
Basement Sq. Ft: 428

Bathroom Information
# of Full Baths: 1
# of 1/2 Baths: 1

Heating & Cooling
Heating Type: Forced Air

Room Information
# of Rooms: 5

Exterior

Exterior Information
Physical Condition: Average
Roof Covering Type: Asphalt
Roof Framing Type: Wood
Roof Shape Type: Gable

Property Information
Subdivision Name: AUDITORS SUB 135
Living Sq. Ft: 1,284
Ground Floor Sq. Ft: 856
Building Sq. Ft: 1,712
# of Stories: 1.5
Stories Type: 1 1/2
Legal Description: LOT 009 AUDITOR'S SUBD. NO. 135

Lot Information
# of Buildings: 1
Land Sq. Ft: 6,534
Legal Lot Number: 9
Municipality Name: EXCELSIOR
Acres: 0.15
Depth Footage: 130
Front Footage: 50
County Use Description: RESIDENTIAL (NEC)

Location Information
Parcel Location Influence: Lake

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 3
Baths: 1.5
Sq. Ft.: 1,284
Stories: 1.5
Lot Size: 6,534 square feet
Style: Other
Year Built: 2022
Year Renovated: 2022
County: Hennepin County
APN: 27 117 23 44 0002

Home facts updated by county records on Oct 17, 2026

Around this home

Schools

Excelsior Elementary School

Public K-5 • Assigned • 0.5mi

10/10

Minnetonka West Middle School

Public 6-8 • Assigned • 1.5mi

9/10

Minnetonka Senior High School

Public 9-12 • Assigned • 2.8mi

10/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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)

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

Estimated sale price

$966,000 – $1.17M

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Nearby similar homes

NEW CONSTRUCTION3D WALKTHROUGH

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New listings for sale in 55331

OPEN SAT, 11:30AM TO 1PM

$424,999

3 beds2 baths1,684 sq ft

20552 Excelsior Blvd Unit -, Shorewood, MN 55331

Wooded backyard • Minnetonka schools • 2 garage spots

NEW 30 HRS AGO

$425,000

3 beds3 baths1,667 sq ft

4775 Switchgrass Ln, Minnetrista, MN 55331

End-unit townhome • Open-concept design • Subway tile

$565,000

4 beds2 baths1,873 sq ft

500 William St, Excelsior, MN 55331

Updated kitchen • Privacy fencing • Finished lower level

$1,775,000

5 beds5 baths4,817 sq ft

20750 Parkview Ln, Shorewood, MN 55331

Quiet cul-de-sac • Bright open foyer • Wood floors

$2,250,000

3 beds4 baths2,401 sq ft

5125 West St, Greenwood, MN 55331

Shiplap ceiling • 6,969 sq ft lot • 2 garage spots

$1,299,900

4 beds4 baths4,088 sq ft

5915 Sweetwater Cir, Shorewood, MN 55331

Walkout rambler • Cul-de-sac • Picturesque pond

$1,100,000

2 beds2 baths1,101 sq ft

423 Lake St, Excelsior, MN 55331

Lake front community • Boat slip • Dock

$845,000

3 beds4 baths4,406 sq ft

4905 Regents Walk, Shorewood, MN 55331

Tranquil pond views • Open-concept living • Spacious kitchen

$1,549,862

3 beds3 baths3,787 sq ft

3961 White Oak Ln, Excelsior, MN 55331

Gourmet kitchen • Walk-in pantry • Dedicated coffee bar

Home values near 125 1st St

Data from public records.

Address	Redfin Estimate
135 1st Street, Excelsior, MN 5 Beds \| 2 Baths \| - Sq. Ft.	$1,080,796
141 1st Street, Excelsior, MN 2 Beds \| 1 Baths \| - Sq. Ft.	$1,006,044

Address	Redfin Estimate
122 1st Street, Excelsior, MN 3 Beds \| 3 Baths \| - Sq. Ft.	$1,276,187
159 1st Street, Excelsior, MN 2 Beds \| 1 Baths \| - Sq. Ft.	$562,244

Address	Redfin Estimate
111 1st Street, Excelsior, MN 3 Beds \| 2 Baths \| 2316 Sq. Ft.	$563,968
147 1st Street, Excelsior, MN 2 Beds \| 1 Baths \| - Sq. Ft.	$696,684

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 55331, MN

Sale history for 125 1st St

Tax history for 125 1st St

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 55331

Home values near 125 1st St

More real estate resources