OFF MARKET

Off market aug 2021 for $1.4M

$1,785,340

Est. refi paymentEst. refi $7,724/mo

•

—

sq ft

371 Water St, Excelsior, MN 55331

About this home

This is a rare opportunity to live and/or work in the heart of the Excelsior village at the Bird House Inn property which is currently operating as a VRBO/Bed & Breakfast hybrid. Revenue from whole house rentals is on average 10% more than revenue generated from full occupancy in the B&B model. Structures include a 6 bed, 5 bath, 3,000 sq ft B&B structure built in 1858 and a 3 bed, 1 bath, 1,300 sq ft cottage built in 1990. The cottage is currently used as an owner's residence and includes a 2 car, attached, heated garage. All of this is set on a beautiful, private, .44 acre lot along prime, historic Water Street with an abundance of flat, green space and off street parking for up to 17 vehicles. The property has been vigorously maintained and extensively improved by the current owners. Improvements to the B&B structure include a new foundation, a new 1" water main, new 100 amp service and renovated bathrooms with heated floors and high end finishes. The cottage was renovated in 2015.

Single-familyProperty Type

1858Year Built

0.44 acresLot Size

4 garage spacesParking

Listed by Nick Leyendecker • Leyendecker Realty

Redfin checked: 2 minutes ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #5730388

Redfin Estimate

$1,785,340

$300K since sold in August 2021$22K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 174% higher than the average sale price ($651K) of 6 comparable homes.

SOLD AUG 3, 2026
$685,000
A
5 beds4 baths— sq ft
2333 Stone Creek Ln W, Chanhassen, MN 55317
SOLD AUG 17, 2026
$741,000
B
5 beds4 baths— sq ft
3205 Julian Dr, Chaska, MN 55318
SOLD JUL 21, 2026
$560,000
C
6 beds4 baths— sq ft
5415 Mallard Ln, Shorewood, MN 55331
SOLD AUG 27, 2026
$670,000
D
4 beds4 baths— sq ft
2109 Stone Creek Dr, Chanhassen, MN 55317
SOLD APR 1, 2026
$570,402
E
6 beds4 baths— sq ft
5420 Mallard Ln, Shorewood, MN 55331
SOLD JUN 12, 2026
$682,500
F
3 beds4 baths— sq ft
5760 Echo Rd, Shorewood, MN 55331

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Earn from this home

Sell

$612,777

Est. take-home

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Est. cash available

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Market trends in 55331, MN

Last updated September 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

COMING SOON
$2,295,000
5 beds5 baths6,052 sq ft
5055 Highview Pl, Greenwood, MN 55331
$599,000
4 beds2 baths1,873 sq ft
500 William St, Excelsior, MN 55331
$574,900
6 beds4 baths2,230 sq ft
5570 & 5580 Shorewood Ln, Shorewood, MN 55331
COMING SOON
$499,900
3 beds3 baths2,319 sq ft
5905 Country Club Rd, Shorewood, MN 55331
$865,000
3 beds3 baths3,312 sq ft
4890 Regents Walk, Shorewood, MN 55331
LISTED BY REDFIN
$724,900
5 beds4 baths3,755 sq ft
25745 Wild Rose Ln, Shorewood, MN 55331
$475,000
3 beds3 baths1,880 sq ft
5200 Greenwood Cir, Greenwood, MN 55331
See all

Provided by Redfin

Sale history for 371 Water St

Date

Event

Price

NORTHSTARMLS as Distributed by MLS Grid #5730388

Aug 11, 2021

Sold

$1,485,000

Jun 10, 2021

Pending

—

May 14, 2021

Listed

$1,500,000

May 11, 2021

Coming Soon

$1,500,000

NORTHSTARMLS as Distributed by MLS Grid #4025306

May 19, 2011

Listing Removed

—

Mar 21, 2011

Listed

$719,000

NORTHSTARMLS as Distributed by MLS Grid #2139164

Oct 29, 2003

Listing Removed

—

Apr 29, 2003

Listed

$644,000

Public Records

Apr 15, 2002

Sold

$460,000

NORTHSTARMLS as Distributed by MLS Grid #1590898

Jan 3, 2002

Listing Removed

—

Jun 6, 2001

Listed

$549,000

NORTHSTARMLS as Distributed by MLS Grid #1505674

Jun 6, 2001

Listing Removed

—

Jun 5, 2000

Listed

$549,900

Public Records

Sep 2, 1994

Sold

$415,000

NORTHSTARMLS as Distributed by MLS Grid #1063050

Jul 6, 1994

Listing Removed

—

Jun 13, 1994

Listed

$449,900

Year

Property tax

Land + Additions

Assessment*

2026

$24,076 (+20.0%)

$850,000 + $797,900

$1,647,900

2025

$20,059 (+1.3%)

$800,000 + $610,300

$1,410,300

2024

$19,809 (+3.0%)

$800,000 + $610,300

$1,410,300

2023

$19,227 (+91.4%)

$800,000 + $565,000

$1,365,000

2022

$10,047 (−17.0%)

2021

$12,107 (+0.7%)

2020

$12,025 (+6.9%)

2019

$11,250 (−0.2%)

2018

$11,273 (+5.3%)

2017

$10,706 (−3.4%)

2015

$11,078 (−9.6%)

2014

$12,248 (+8.2%)

2013

$11,320 (+26.6%)

2012

$8,943

$270,000 + $343,000

$613,000

Tax history for 371 Water St

Year

Property tax

Land + Additions

Assessment*

2026

$24,076 (+20.0%)

$850,000 + $797,900

$1,647,900

2025

$20,059 (+1.3%)

$800,000 + $610,300

$1,410,300

2024

$19,809 (+3.0%)

$800,000 + $610,300

$1,410,300

2023

$19,227 (+91.4%)

$800,000 + $565,000

$1,365,000

2022

$10,047 (−17.0%)

2021

$12,107 (+0.7%)

2020

$12,025 (+6.9%)

2019

$11,250 (−0.2%)

2018

$11,273 (+5.3%)

2017

$10,706 (−3.4%)

2015

$11,078 (−9.6%)

2014

$12,248 (+8.2%)

2013

$11,320 (+26.6%)

2012

$8,943

$270,000 + $343,000

$613,000

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

Public record

Beds

Baths

Stories

Lot width

100 ft.

Lot depth

184 ft.

Lot size

0.44 Acres

Year renovated

2000

Sq. Ft.

3,901

Year built

1950

Style

Other

County

Hennepin County

APN

34 117 23 14 0071

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 21, 2026.

Property details

Parking

Parking Information
Parking Features: Detached, Asphalt, Floor Drain, Heated Garage, Insulated Garage, Paved, RV Access/Parking
Garage Spaces: 4
Garage Sq. Ft.: 720
Parking Open: 13

Interior

Virtual Tour

Bedroom Information
# of Bedrooms: 6

Bathroom Information
# of Full Baths (Total): 5
Description: Two Primary Baths,Bathroom Ensuite,Full Primary,Private Primary,Main Floor Full Bath,Upper Level Full Bath,Primary Walk-Thru,Jetted Tub,Walk-In Shower Stall,Walk Thru

Room 1 Information
Room Type: Dining Room
Room Dimensions: 15 x 9
Room Level: Main

Room 2 Information
Room Type: Family Room
Room Dimensions: 13 x 13
Room Level: Main

Room 3 Information
Room Type: Bedroom 5
Room Dimensions: 17 x 15
Room Level: Upper

Room 4 Information
Room Type: Bedroom 1
Room Dimensions: 17 x 10
Room Level: Main

Room 5 Information
Room Type: Bedroom 4
Room Dimensions: 17 x 9
Room Level: Upper

Room 6 Information
Room Dimensions: 9 x 9
Room Level: Main

Room 7 Information
Room Type: Kitchen
Room Dimensions: 14 x 10
Room Level: Main

Room 8 Information
Room Type: Kitchen- 2nd
Room Dimensions: 14 x 14
Room Level: Main

Room 9 Information
Room Type: Laundry
Room Dimensions: 13 x 12
Room Level: Lower

Room 10 Information
Room Type: Library
Room Dimensions: 17 x 9
Room Level: Main

Room 11 Information
Room Type: Living Room
Room Dimensions: 16 x 14
Room Level: Main

Room 12 Information
Room Type: Bedroom 2
Room Dimensions: 13 x 10
Room Level: Main

Room 13 Information
Room Dimensions: 13 x 10
Room Level: Upper

Room 14 Information
Room Type: Bedroom 3
Room Dimensions: 17 x 10
Room Level: Upper

Basement Information
Has Basement
Basement Features: Full, Unfinished

Dining Room Information
Dining Room Features: Breakfast Area,Informal Dining Room,Separate/Formal Dining Room

Other Rooms Information
Main Floor Bedroom

Fireplace Information
Has Fireplace
# of Fireplaces: 5
Fireplace Features: Family Room, Gas, Living Room, Primary Bedroom, Other

Heating & Cooling
Heating Information: Hot Water
Cooling Information: Central Air

Interior Features
Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Library, Kitchen- 2nd, Bedroom 5, Bedroom 6, Informal Dining Room, Laundry
Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer

Exterior

Building Information
Construction Materials: Wood Siding
Foundation Area: 1,723
Roof: Age Over 8 Years, Asphalt

Exterior Features
Fencing: Partial, Wood

Pool Information
Pool Features: None

Property Information
Total Sq. Ft.: 4,652
Above Ground Total Sq. Ft.: 2,929
Below Ground Total Sq. Ft.: 1,723
FractionalOwnershipYN: No
Property Type: Residential
Property Sub Type: Single Family Residence
Other Structures: Guest House
Above Grade Finished Area: 2,929
Amenities: Balcony,Ceiling Fan(s),Deck,Hardwood Floors,Kitchen Center Island,Kitchen Window,Main Floor Primary Bedroom,Natural Woodwork,Patio,Paneled Doors,Porch,Tile Floors,Washer/Dryer Hookup,Walk-In Closet

Lot Information
Lot Features: Corner Lot, Tree Coverage - Medium
Lot Size Area: 0.44
Lot Size Units: Acres
Lot Size Dimensions: 100 X 184
Road Frontage Type: City Street, Paved Streets, Sidewalks

Financial

Tax Information
Tax Annual Amount: $12,025
Tax Year: 2020
Tax With Assessments: $12,025

Lease / Rent Details
RentalLicense Y/N: No

Utilities

Utility Information
Water Source: City Water/Connected
Sewer: City Sewer/Connected
Fuel: Natural Gas

Location

Multi-Unit Information
Second Unit: Existing In-Law w/Bath,Existing In-Law w/Kitchen

School Information
High School District: Minnetonka
School District Number: 276
School District Phone: 952-401-5000

Location Information
Directions: West on Hwy 7, right onto Oak St/CR 19, right onto Water St
Map Coordinate: 117-E3

Public facts

Beds: 4
Baths: 4.0
Sq. Ft.: 3,901
Stories: 2.0
Lot Size: 0.44 acres
Style: Other
Year Built: 1950
Year Renovated: 2000
County: Hennepin County
APN: 34 117 23 14 0071

Home facts updated by county records on Jul 21, 2026

Other

Home Information
Living Area: 2929
Main Level Finished Area: 1723.0000
Age Of Property: 164
Levels: Two

Around this home

Schools

Excelsior Elementary School

Public K-5 • Assigned • 0.1mi

10/10

Minnetonka West Middle School

Public 6-8 • Assigned • 1.2mi

9/10

Minnetonka Senior High School

Public 9-12 • Assigned • 2.9mi

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

$1.70M – $2.05M

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New listings for sale in 55331

COMING SOON

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5055 Highview Pl, Greenwood, MN 55331

$599,000

4 beds2 baths1,873 sq ft

500 William St, Excelsior, MN 55331

$574,900

6 beds4 baths2,230 sq ft

5570 & 5580 Shorewood Ln, Shorewood, MN 55331

COMING SOON

$499,900

3 beds3 baths2,319 sq ft

5905 Country Club Rd, Shorewood, MN 55331

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3 beds3 baths3,312 sq ft

4890 Regents Walk, Shorewood, MN 55331

LISTED BY REDFIN3D WALKTHROUGH

$724,900

5 beds4 baths3,755 sq ft

25745 Wild Rose Ln, Shorewood, MN 55331

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Home values near 371 Water St

Data from public records.

Address	Redfin Estimate
356 Water Street, Excelsior, MN 2 Beds \| 1 Baths \| 4022 Sq. Ft.	$627,279
448 3rd Street, Excelsior, MN 2 Beds \| 3 Baths \| - Sq. Ft.	$858,472

Address	Redfin Estimate
366 Water Street, Excelsior, MN 1 Beds \| 1 Baths \| - Sq. Ft.	$912,412
337 George Street, Excelsior, MN 1 Beds \| - Baths \| 3409 Sq. Ft.	$1,623,034

Address	Redfin Estimate
444 3rd Street, Excelsior, MN 2 Beds \| 3 Baths \| - Sq. Ft.	$894,288
374 George Street, Excelsior, MN 3 Beds \| 0.75 Baths \| 1402 Sq. Ft.	$408,170

Property information provided by NORTHSTARMLS as Distributed by MLS Grid when last listed in 2021. This data may not match . Learn more.

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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 371 Water St

Tax history for 371 Water St

Public record

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 371 Water St

More real estate resources