SOLD DEC 31, 2025

Off Market Dec 2025 for $625K

$596,619

Est. refi paymentEst. refi $4,244/mo

Land

•

4,356

sq ft (lot)

88 1st St, Excelsior, MN 55331

About this home

Rare opportunity to build a new home on one of the best available lots in the coveted Heart of Excelsior or buy and hold as an investment. This prime wide open corner lot offers expansive unobstructed views across Excelsior Commons Park with Lake Minnetonka just a few steps away and right outside the door of your future home. Enjoy all the public amenities and zero HOA fees including 2 swimming beaches, playground, tennis courts, basketball, baseball, kayaking, grilling, fishing, fireworks on the 4th, or just relax by the open firepits and relish live music at the park bandshell, plus much more. All this and located within the award-winning Minnetonka Schools and Excelsior Elementary, walking distance to historic Water Street boasting numerous shops and fine dining experiences, easy access to Lake Minnetonka LRT Reginal Trail system. In addition, Excelsior residents are eligible for boat slips or sailboat mooring buoys via the city dock program waiting list. Note the previous home has already been demolished and removed from the site saving you substantial $$$ in demolition costs. Open to any builder. Do not delay!

Vacant landProperty Type

4,356 sq ftLot Size

$137Est. Price/Sq.Ft.

Listed by Lane Hansen • Longhouse Realty

Listed by Jin Hansen

Redfin checked: a minute ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #6764346

Redfin Estimate

$596,619

$28K since sold in December 2025$20K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 24.2% lower than the average sale price ($787K) of 5 comparable homes.

SOLD APR 22, 2026
$725,000
A
2 beds1 bath— sq ft
147 1st St, Excelsior, MN 55331
SOLD JUN 26, 2026
$375,000
B
2 beds1 bath— sq ft
330 Division St, Excelsior, MN 55331
SOLD SEP 15, 2025
$545,000
C
2 beds1 bath— sq ft
150 Bell St, Excelsior, MN 55331
SOLD MAY 22, 2026
$405,000
D
2 beds2 baths— sq ft
332 Mill St, Excelsior, MN 55331
SOLD MAY 22, 2026
$1,885,000
E
Land— sq ft
805 Hidden Ln, Excelsior, MN 55331

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Earn from this home

Sell

$66,288

Est. take-home

List your home with Redfin and save $5,966

Market trends in 55331, MN

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.5%

0.4% MoM

Median sale price

$882K

$57K MoM

Avg. days on market

22d

0 days MoM

Recently sold homes

123

2 MoM

New listings for sale

OPEN TODAY, 11AM TO 1PM
$1,475,000
4 beds4 baths3,432 sq ft
126 Courtland St, Excelsior, MN 55331
$1,350,000
3 beds2 baths2,036 sq ft
603 Lake St #307, Excelsior, MN 55331
OPEN TODAY, 11AM TO 1PM
$1,595,000
3 beds3 baths4,095 sq ft
6672 Waterford Ln, Excelsior, MN 55331
OPEN TODAY, 11AM TO 1PM
$1,499,900
4 beds5 baths4,788 sq ft
27035 Noble Rd, Shorewood, MN 55331
OPEN TODAY, 11AM TO 1PM
$1,349,900
5 beds5 baths4,543 sq ft
27125 Marsh Pointe Ct, Shorewood, MN 55331
$535,000
4 beds2 baths2,105 sq ft
10 Woodlawn Ave, Excelsior, MN 55331
$525,000
3 beds2 baths1,892 sq ft
24850 Amlee Rd, Shorewood, MN 55331
COMING SOON
$569,900
3 beds3 baths2,190 sq ft
4243 Cottagewood Ct, Minnetrista, MN 55331
OPEN TODAY, 11AM TO 1PM
$1,995,000
5 beds4 baths5,092 sq ft
28010 Boulder Bridge Dr, Shorewood, MN 55331
$399,900
3 beds3 baths2,347 sq ft
7021 Huckleberry Dr, Minnetrista, MN 55331
See all

Provided by Redfin

Sale history for 88 1st St

Date

Event

Price

NORTHSTARMLS as Distributed by MLS Grid #6764346

Dec 31, 2025

Sold

$625,000

Nov 7, 2025

Pending

—

Aug 1, 2025

Listed

$649,900

Jul 30, 2025

Coming Soon

$649,900

NORTHSTARMLS as Distributed by MLS Grid #6322047

Sep 1, 2023

Sold

$536,000

Aug 8, 2023

Pending

—

Jul 20, 2023

Contingent

—

May 23, 2023

Relisted

—

Apr 28, 2023

Contingent

—

Jan 13, 2023

Listed

$575,000

NORTHSTARMLS as Distributed by MLS Grid #6140411

Jan 10, 2023

Listing Removed

—

Nov 18, 2022

Price Changed

$575,000

Jan 7, 2022

Listed

$599,000

NORTHSTARMLS as Distributed by MLS Grid #6102280

Jan 5, 2022

Listing Removed

—

Sep 18, 2021

Listed

$599,000

NORTHSTARMLS as Distributed by MLS Grid #5714746

Aug 19, 2021

Listing Removed

—

Feb 19, 2021

Listed

$650,000

NORTHSTARMLS as Distributed by MLS Grid #5618211

Oct 2, 2020

Listing Removed

—

Jul 2, 2020

Listed

$550,000

Public Records

Nov 8, 2019

Sold

$500,000

Public Records

Feb 8, 2018

Sold

$375,000

Year

Property tax

Land + Additions

Assessment*

2026

$7,943 (+5.1%)

$543,700

2025

$7,561 (−1.0%)

$531,600

2024

$7,635 (+36.1%)

$554,000

2023

$5,608 (−8.8%)

$471,000 + $1,000

$472,000

2022

$6,150 (+19.4%)

$471,000 + $1,000

$472,000

2021

$5,152 (−0.7%)

$388,000 + $8,000

$396,000

2020

$5,186 (+66.5%)

$374,000 + $12,000

$386,000

2019

$3,115 (−28.6%)

2018

$4,364 (+18.5%)

2017

$3,684 (+75.0%)

2015

$2,105 (+103.4%)

2014

$1,035 (+19.3%)

2013

$868 (−29.9%)

2012

$1,238

Tax history for 88 1st St

Year

Property tax

Land + Additions

Assessment*

2026

$7,943 (+5.1%)

$543,700

2025

$7,561 (−1.0%)

$531,600

2024

$7,635 (+36.1%)

$554,000

2023

$5,608 (−8.8%)

$471,000 + $1,000

$472,000

2022

$6,150 (+19.4%)

$471,000 + $1,000

$472,000

2021

$5,152 (−0.7%)

$388,000 + $8,000

$396,000

2020

$5,186 (+66.5%)

$374,000 + $12,000

$386,000

2019

$3,115 (−28.6%)

2018

$4,364 (+18.5%)

2017

$3,684 (+75.0%)

2015

$2,105 (+103.4%)

2014

$1,035 (+19.3%)

2013

$868 (−29.9%)

2012

$1,238

*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

1.75

Lot width

58 ft.

Lot depth

66 ft.

Lot size

4,356 Sq. Ft.

Year renovated

1918

Sq. Ft.

1,141

Year built

1893

Style

Single Family Residential

County

Hennepin County

APN

27 117 23 43 0022

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 20, 2026.

Property details

Exterior

Waterfront Information
Waterfront Features: Lake View, Other
Waterfront Feet: 0

Property Information
FractionalOwnershipYN: No
Development Status: Finished Lot(s)
Property Type: Land

Land Information
Program Acres Total: 0

Lot Information
Lot Size Area: 4,356
Lot Size Units: Square Feet
Lot Size Dimensions: irregular
Road Frontage Type: City Street
Improvements: Paved Streets,Public Road

Financial

Tax Information
Tax Annual Amount: $7,561
Tax Year: 2025
Tax With Assessments: $7,561

Utilities

Utility Information
Utilities: Electricity Available, Other Connected, Sewer Available, Water Available

Location

School Information
High School District: Minnetonka
School District Number: 1246
School District Phone: 9524015000

Location Information
Directions: On the corner of West Lake Street and 1st Street. Across from Excelsior Park north of town.
Map Coordinate: 117-E3
Topography: Level

Community Information
Development Amenity Type: No

Public facts

Beds: 2
Baths: 1.0
Sq. Ft.: 1,141
Stories: 1.75
Lot Size: 4,356 square feet
Style: Single Family Residential
Year Built: 1893
Year Renovated: 1918
County: Hennepin County
APN: 27 117 23 43 0022

Home facts updated by county records on Jul 20, 2026

Other

Documents & Disclosures
Restrictions: Open

Home Information
Living Area Units: Square Feet

Around this home

Schools

Excelsior Elementary School

Public K-5 • Assigned • 0.6mi

10/10

Minnetonka West Middle School

Public 6-8 • Assigned • 1.6mi

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

In this area, properties receive around 10.5 hours in June and 3.6 hours in December, which is comparable to the U.S. average for solar exposure.

10.5 hrs

3.6 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$567,000 – $687,000

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New listings for sale in 55331

OPEN TODAY, 11AM TO 1PM

$1,475,000

4 beds4 baths3,432 sq ft

126 Courtland St, Excelsior, MN 55331

$1,350,000

3 beds2 baths2,036 sq ft

603 Lake St #307, Excelsior, MN 55331

OPEN TODAY, 11AM TO 1PM

$1,595,000

3 beds3 baths4,095 sq ft

6672 Waterford Ln, Excelsior, MN 55331

OPEN TODAY, 11AM TO 1PM

$1,499,900

4 beds5 baths4,788 sq ft

27035 Noble Rd, Shorewood, MN 55331

OPEN TODAY, 11AM TO 1PM

$1,349,900

5 beds5 baths4,543 sq ft

27125 Marsh Pointe Ct, Shorewood, MN 55331

$535,000

4 beds2 baths2,105 sq ft

10 Woodlawn Ave, Excelsior, MN 55331

$525,000

3 beds2 baths1,892 sq ft

24850 Amlee Rd, Shorewood, MN 55331

COMING SOON

$569,900

3 beds3 baths2,190 sq ft

4243 Cottagewood Ct, Minnetrista, MN 55331

OPEN TODAY, 11AM TO 1PM

$1,995,000

5 beds4 baths5,092 sq ft

28010 Boulder Bridge Dr, Shorewood, MN 55331

Home values near 88 1st St

Data from public records.

Address	Redfin Estimate
8 1st Street, Excelsior, MN 3 Beds \| 2.5 Baths \| 1820 Sq. Ft.	$757,441
111 1st Street, Excelsior, MN 3 Beds \| 2 Baths \| 2316 Sq. Ft.	$596,172

Address	Redfin Estimate
6 1st Street, Excelsior, MN 3 Beds \| 3 Baths \| - Sq. Ft.	$1,282,529
2 1st Street, Excelsior, MN 3 Beds \| 2.5 Baths \| 1820 Sq. Ft.	$965,871

Address	Redfin Estimate
122 1st Street, Excelsior, MN 3 Beds \| 3 Baths \| - Sq. Ft.	$1,298,232
4 1st Street, Excelsior, MN 3 Beds \| 3 Baths \| - Sq. Ft.	$1,288,539

Property information provided by NORTHSTARMLS as Distributed by MLS Grid when last listed in 2025. 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 88 1st St

Tax history for 88 1st 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 88 1st St

More real estate resources