OFF MARKET

Off market may 2021 for $589K

$989,496

•

—

sq ft

4220 Water St, Excelsior, MN 55331

About this home

Adorable 3BR/2BA home located in the heart of high-demand Cottagewood and the award winning Minnetonka School district. Reimagine, remodel or rebuild, the possibilities are endless with this exceptional property. The Cottagewood General Store, Neighborhood Beach, Tennis Courts and Parks are all within a short stroll in this one of a kind neighborhood. Summer is right around the corner, make your Lake Minnetonka dreams a reality!

Single-familyProperty Type

1965Year Built

7,840 sq ftLot Size

Listed by Karolina Kasbi • Real Estate Masters, Ltd.

Redfin checked: 3 minutes ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #5725074

Redfin Estimate

$989,496

$400K since sold in May 2021$24K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 86.4% higher than the average sale price ($531K) of 6 comparable homes.

SOLD SEP 3, 2026
$690,000
A
2 beds1 bath— sq ft
20475 Summerville Rd, Excelsior, MN 55331
SOLD JUN 15, 2026
$425,000
B
3 beds1 bath— sq ft
1990 Spates Ave, Wayzata, MN 55356
SOLD OCT 2, 2026
$825,000
C
3 beds3 baths— sq ft
21160 Forest Dr, Shorewood, MN 55331
SOLD SEP 18, 2026
$375,000
D
2 beds1 bath— sq ft
21175 Minnetonka Blvd, Shorewood, MN 55331
SOLD APR 17, 2026
$380,000
E
3 beds1 bath— sq ft
25 Woodlawn Ave, Excelsior, MN 55331
SOLD JUN 30, 2026
$490,000
F
3 beds3 baths— sq ft
75 Pleasant Ln E, Excelsior, MN 55331

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Sell

$508,614

Est. take-home

List your home with Redfin and save $9,895

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

OPEN SAT, 12PM TO 2PM
$499,900
3 beds3 baths2,319 sq ft
5905 Country Club Rd, Shorewood, MN 55331
OPEN SUN, 12:30PM TO 2PM
$625,000
3 beds3 baths2,760 sq ft
19580 Waterford Ct, Shorewood, MN 55331
COMING SOON
$900,000
4 beds3 baths3,020 sq ft
6020 Mill St, Shorewood, MN 55331
OPEN SAT, 11AM TO 1PM
$1,595,000
4 beds4 baths3,842 sq ft
5955 Boulder Bridge Ln, Shorewood, MN 55331
COMING SOON
$389,000
3 beds2 baths1,452 sq ft
5530 Wedgewood Dr, Shorewood, MN 55331
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
$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
See all

Provided by Redfin

Sale history for 4220 Water St

Date

Event

Price

NORTHSTARMLS as Distributed by MLS Grid #5725074

May 7, 2021

Sold

$589,970

Apr 26, 2021

Pending

—

Apr 5, 2021

Contingent

—

Mar 19, 2021

Relisted

—

Mar 17, 2021

Pending

—

Mar 15, 2021

Listed

$699,000

NORTHSTARMLS as Distributed by MLS Grid #5639864

Sep 14, 2020

Listing Removed

—

Aug 17, 2020

Listed

$749,000

NORTHSTARMLS as Distributed by MLS Grid #4186546

Sep 7, 2012

Sold

$260,000

Sep 6, 2012

Listing Removed

—

Aug 29, 2012

Listed

$279,900

+10

Year

Property tax

Land + Additions

Assessment*

2026

$9,014 (+11.5%)

$585,000 + $101,900

$686,900

2025

$8,085 (+10.4%)

$507,000 + $154,000

$661,000

2024

$7,324 (+14.0%)

$507,000 + $157,200

$664,200

2023

$6,425 (+23.4%)

$445,000 + $144,000

$589,000

2022

$5,208 (+16.5%)

$390,000 + $121,000

$511,000

2021

$4,471 (−0.1%)

$267,000 + $176,000

$443,000

2020

$4,477 (+1.7%)

$265,000 + $162,000

$427,000

2019

$4,401 (+4.5%)

$261,000 + $155,000

$416,000

2018

$4,210 (+0.6%)

$238,000 + $144,000

$382,000

2017

$4,184 (+15.4%)

$238,000 + $136,000

$374,000

2015

$3,625 (+7.0%)

$193,000 + $112,000

$305,000

2014

$3,388 (+7.4%)

$156,000 + $99,000

$255,000

2013

$3,154 (−4.9%)

2012

$3,318

Tax history for 4220 Water St

Year

Property tax

Land + Additions

Assessment*

2026

$9,014 (+11.5%)

$585,000 + $101,900

$686,900

2025

$8,085 (+10.4%)

$507,000 + $154,000

$661,000

2024

$7,324 (+14.0%)

$507,000 + $157,200

$664,200

2023

$6,425 (+23.4%)

$445,000 + $144,000

$589,000

2022

$5,208 (+16.5%)

$390,000 + $121,000

$511,000

2021

$4,471 (−0.1%)

$267,000 + $176,000

$443,000

2020

$4,477 (+1.7%)

$265,000 + $162,000

$427,000

2019

$4,401 (+4.5%)

$261,000 + $155,000

$416,000

2018

$4,210 (+0.6%)

$238,000 + $144,000

$382,000

2017

$4,184 (+15.4%)

$238,000 + $136,000

$374,000

2015

$3,625 (+7.0%)

$193,000 + $112,000

$305,000

2014

$3,388 (+7.4%)

$156,000 + $99,000

$255,000

2013

$3,154 (−4.9%)

2012

$3,318

*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

1.5

Lot width

—

Lot depth

140 ft.

Lot size

7,841 Sq. Ft.

Year renovated

1980

Sq. Ft.

1,404

Year built

1965

Style

Other

County

Hennepin County

APN

24 117 23 31 0047

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 20, 2026.

Property details

Parking

Parking Information
Parking Features: Asphalt

Interior

Bedroom Information
# of Bedrooms: 3

Bathroom Information
# of Full Baths (Total): 1
# of Three Quarter Baths (Total): 1
Description: Main Floor Full Bath,Upper Level 3/4 Bath

Room 1 Information
Room Type: Dining Room
Room Dimensions: 11x11
Room Level: Main

Room 2 Information
Room Type: Bedroom 1
Room Dimensions: 11x12
Room Level: Main

Room 3 Information
Room Dimensions: 8x5
Room Level: Main

Room 4 Information
Room Type: Kitchen
Room Dimensions: 9x11
Room Level: Main

Room 5 Information
Room Type: Living Room
Room Dimensions: 15x15
Room Level: Main

Room 6 Information
Room Type: Bedroom 2
Room Dimensions: 15x10
Room Level: Upper

Room 7 Information
Room Type: Bedroom 3
Room Dimensions: 14x11
Room Level: Upper

Basement Information
Basement Features: Drain Tiled, Full, Sump Pump

Dining Room Information
Dining Room Features: Eat In Kitchen,Informal Dining Room,Kitchen/Dining Room

Other Rooms Information
Main Floor Bedroom

Heating & Cooling
Heating Information: Forced Air
Cooling Information: Central Air

Interior Features
Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Foyer
Appliances: Dryer, Range, Refrigerator, Washer

Exterior

Building Information
Construction Materials: Brick/Stone, Fiber Cement, Wood Siding
Foundation Area: 936
Roof: Asphalt

Exterior Features
Fencing: Privacy

Pool Information
Pool Features: None

Waterfront Information
Waterfront Features: Shared
Waterfront Num: 999999999
Lake Bottom: Sand,Excellent Sand

Property Information
FractionalOwnershipYN: No
Property Type: Residential
Property Sub Type: Single Family Residence
Above Grade Finished Area: 1,404
Amenities: Deck,Hardwood Floors,Porch

Lot Information
Lot Features: Tree Coverage - Medium
Lot Size Area: 0.18
Lot Size Units: Acres
Lot Size Dimensions: 56x140x55x146
Road Frontage Type: City Street

Financial

Tax Information
Tax Annual Amount: $4,471
Tax Year: 2021
Tax With Assessments: $4,470.96

Lease / Rent Details
RentalLicense Y/N: No

Financial Information
Free and Clear

Utilities

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

Location

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

Location Information
Directions: 101, West on Minnetonka Blvd, right on Cottagewood Avenue, Left on Water Street, Home on left.
Map Coordinate: 118-A2

Public facts

Beds: 3
Baths: 2.0
Sq. Ft.: 1,404
Stories: 1.5
Lot Size: 7,841 square feet
Style: Other
Year Built: 1965
Year Renovated: 1980
County: Hennepin County
APN: 24 117 23 31 0047

Home facts updated by county records on Jul 20, 2026

Other

Home Information
Living Area: 1404
Main Level Finished Area: 1404.0000
Building Area Total: 1404
Levels: One and One Half

Around this home

Schools

Deephaven Elementary School

Public K-5 • Assigned • 0.7mi

9/10

Minnetonka East Middle School

Public 6-8 • Assigned • 1.9mi

9/10

Minnetonka Senior High School

Public 9-12 • Assigned • 1.8mi

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, 2 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

$941,000 – $1.14M

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New listings for sale in 55331

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Home values near 4220 Water St

Data from public records.

Address	Redfin Estimate
4260 Water Street, Excelsior, MN 4 Beds \| 4 Baths \| - Sq. Ft.	$1,792,102
4230 Water Street, Excelsior, MN 4 Beds \| 3.5 Baths \| 2748 Sq. Ft.	$992,212

Address	Redfin Estimate
4270 Water Street, Excelsior, MN 4 Beds \| 3 Baths \| - Sq. Ft.	$1,564,347
4210 Water Street, Excelsior, MN 5 Beds \| 5 Baths \| - Sq. Ft.	$2,559,592

Address	Redfin Estimate
4200 Water Street, Excelsior, MN 3 Beds \| 3.5 Baths \| 3480 Sq. Ft.	$1,278,281
4245 Water Street, Excelsior, MN 3 Beds \| 1.5 Baths \| 2366 Sq. Ft.	$764,189

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 4220 Water St

Tax history for 4220 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 4220 Water St

More real estate resources