SOLD APR 20, 2026

Sold on apr 2026

$915,000

•

—

sq ft

516 Grace St, Excelsior, MN 55331

Track this home’s value and nearby sales activity

About this home

Main floor living in Excelsior with private water views! Fully remodeled to the studs in 2020/2021 and re-crafted with a nod to its midcentury heritage while adding all the necessary spaces and amenities for today's living. Open Kitchen with large island and a built in bistro bench offers fabulous views of the lake and graciously welcomes the the sunlight thru its large lakeside windows. 2 bedrooms & 2 bathrooms on main including a true primary suite boasting; dual sinks, large shower, walk in closet and a screen porch. A 2nd large bedroom on main offers flexible space for lakeside bedroom/office/den with a 2nd full bath & laundry rounding out the main level. In the full walk out lower level you'll find 2 bedrooms and refreshed 3/4 bath giving room for guests who will all want to visit your new home in Excelsior - as well as a family room and a flex/exercise room! New deck and circle concrete driveway as well as all new windows, roof, gutters, siding & landscaping make this a truly turn key offering all an easy walk into the Village and all it has to offer. The perfect size with thoughtful layout and touches - this home punches above it's weight with spaces, finishes and location.

Single-familyProperty Type

1957Year Built

0.36 acresLot Size

1 car garageParking

Listed by Lori Schneck • Coldwell Banker Realty

Redfin checked: 2 minutes ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #7021243

Redfin Estimate

$869,312

$46K since sold in April 2026$14K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 40% higher than the average sale price ($621K) of 6 comparable homes.

SOLD SEP 16, 2026
$595,000
A
4 beds3 baths— sq ft
6601 Arlington Ct, Chanhassen, MN 55317
SOLD JAN 13, 2026
$636,000
B
4 beds3 baths— sq ft
6271 Cardinal Ave, Excelsior, MN 55331
SOLD SEP 15, 2026
$855,000
C
4 beds4 baths— sq ft
23355 Academy Ave, Shorewood, MN 55331
SOLD SEP 22, 2026
$565,000
D
4 beds3 baths— sq ft
6360 Forest Cir, Excelsior, MN 55331
SOLD AUG 28, 2026
$550,000
E
4 beds3 baths— sq ft
6680 Lotus Trl, Chanhassen, MN 55317
SOLD SEP 1, 2026
$525,000
F
4 beds3 baths— sq ft
2041 W 65th St, Excelsior, MN 55331

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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

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

NEW 16 HRS AGO
$1,895,000
5 beds4 baths4,353 sq ft
20265 Cottagewood Rd, Excelsior, MN 55331
OPEN SUN, 12PM TO 3PM
$865,000
3 beds3 baths3,312 sq ft
4890 Regents Walk, Shorewood, MN 55331
REDFIN OPEN SUN, 10AM TO 12PM
$724,900
5 beds4 baths3,755 sq ft
25745 Wild Rose Ln, Shorewood, MN 55331
OPEN SAT, 12PM TO 1PM
$475,000
3 beds3 baths1,880 sq ft
5200 Greenwood Cir, Greenwood, MN 55331
$2,950,000
5 beds5 baths3,769 sq ft
21210 Excelsior Blvd, Greenwood, MN 55331
OPEN SAT, 12PM TO 1:30PM
$995,000
4 beds3 baths3,610 sq ft
5735 Grant Lorenz Rd, Shorewood, MN 55331
OPEN SUN, 11:30AM TO 1PM
$2,775,000
5 beds6 baths4,212 sq ft
4215 Halsteads Bay Ln, Minnetrista, MN 55331
$850,000
3 beds2 baths1,385 sq ft
26270 Smithtown Rd, Shorewood, MN 55331
$715,000
5 beds4 baths3,100 sq ft
3762 Crane Island Ct, Minnetrista, MN 55331
OPEN SAT, 10:30AM TO 12:30PM
$389,900
3 beds3 baths2,082 sq ft
6686 Wildflower Way, Minnetrista, MN 55331
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Rental estimate

Est. $3,579 per month, based on comparable rentals

Sale and tax history for 516 Grace St

Sale History
Tax History

Date

Event

Price

NORTHSTARMLS as Distributed by MLS Grid #7021243

Apr 20, 2026

Sold

$915,000

Mar 9, 2026

Pending

—

Mar 5, 2026

Listed

$850,000

Feb 26, 2026

Coming Soon

$850,000

NORTHSTARMLS as Distributed by MLS Grid #5334816

Apr 3, 2020

Sold

$380,000

Mar 10, 2020

Pending

—

Mar 5, 2020

Listing Removed

—

Mar 2, 2020

Relisted

—

Feb 27, 2020

Listing Removed

—

Feb 26, 2020

Listed

$375,000

+26

Buyer jumped too fast. One of a kind Excelsior home on Galpin Lake with gorgeous sunsets over the water. Quiet non-thru street. High-demand Minnetonka Schools, walk to downtown Excelsior! Walkout rambler w/mid-century vibe has lots of space for family & entertaining both inside and out. Great lake views from most rooms - including main floor owner's BR, office & more. Best of both worlds - privacy, yet short walk to downtown Excelsior and Lake Minnetonka. Quiet, dead-end street affords peace while being just steps away from dining, movies, shopping, fireworks & more - truly a dream location! Make it your own or start over.

NORTHSTARMLS as Distributed by MLS Grid #4126757

May 29, 2012

Listing Removed

—

Feb 29, 2012

Listed

$385,000

Public Records

May 1, 1973

Sold

$43,500

Year

Property tax

Land + Additions

Assessment*

2026

$7,895 (+7.7%)

$237,500 + $366,300

$603,800

2025

$7,329 (+14.8%)

$221,700 + $355,700

$577,400

2024

$6,382 (−18.4%)

$211,100 + $311,300

$522,400

2023

$7,826 (+58.5%)

$211,000 + $322,000

$533,000

2022

$4,938 (+10.8%)

$211,000 + $168,000

$379,000

2021

$4,456 (−1.3%)

2020

$4,516

2019

$4,515 (+1.9%)

2018

$4,431 (+2.7%)

2017

$4,313 (−3.6%)

2015

$4,474 (+13.5%)

2014

$3,942 (+0.8%)

2013

$3,913 (−0.7%)

2012

$3,942

Public record

Beds

Baths

Stories

Lot width

81 ft.

Lot depth

204 ft.

Lot size

0.36 Acres

Year renovated

2006

Sq. Ft.

2,030

Year built

1957

Style

Single Family Residential

County

Hennepin County

APN

35 117 23 32 0027

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 20, 2026.

Property details

Parking

Parking Information
Parking Features: Attached Garage, Concrete, Insulated Garage
Garage Spaces: 1
Garage Dimensions: 20 x 11
Garage Sq. Ft.: 286
Garage Door Height: 7
Garage Door Width: 10

Interior

Virtual Tour

Bedroom Information
# of Bedrooms: 4

Bathroom Information
# of Full Baths (Total): 1
# of Three Quarter Baths (Total): 2
Description: 3/4 Basement,3/4 Primary,Double Sink,Private Primary,Main Floor 3/4 Bath,Main Floor Full Bath,Walk-In Shower Stall

Room 1 Information
Room Type: Family Room
Room Dimensions: 24x13
Room Level: Lower

Room 2 Information
Room Type: Bedroom
Room Dimensions: 19 x 14
Room Level: Main

Room 3 Information
Room Type: Flex Room
Room Dimensions: 14 x 11
Room Level: Lower

Room 4 Information
Room Type: Bedroom 4
Room Dimensions: 11 x 9
Room Level: Lower

Room 5 Information
Room Type: Kitchen
Room Dimensions: 17 x 12
Room Level: Main

Room 6 Information
Room Type: Living Room
Room Dimensions: 21 x 12
Room Level: Main

Room 7 Information
Room Type: Primary Bathroom
Room Dimensions: 13 x 12
Room Level: Main

Room 8 Information
Room Type: Screened Porch
Room Dimensions: 14 x 8
Room Level: Main

Room 9 Information
Room Type: Bedroom 2
Room Dimensions: 15 x 13
Room Level: Main

Room 10 Information
Room Type: Bedroom 3
Room Dimensions: 13 x 11
Room Level: Lower

Laundry Room Information
Laundry Features: In Hall, Laundry Closet, Lower Level, Main Level, Washer Hookup

Basement Information
Has Basement
Basement Features: Block, Egress Window(s), Full, Walkout

Dining Room Information
Dining Room Features: Breakfast Bar,Breakfast Area

Other Rooms Information
All Living Facilities on One Level,Main Floor Primary,Main Floor Bedroom,Main Floor Laundry,Renovated

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

Interior Features
Appliances: Dishwasher, Disposal, Dryer, ENERGY STAR Qualified Appliances, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer

Exterior

Building Information
Construction Materials: Block
Foundation Area: 1,202
Roof: Age 8 Years or Less, Asphalt

Exterior Features
Patio Porch Type: Composite Decking,Deck,Patio,Rear Porch,Screened

Waterfront Information
On Waterfront
Waterfront Features: Lake Front, Lake View
Lake Bottom: Weeds
Waterfront Elevation: 10-15
Road Between Waterfront And Home Y/N: N

Property Information
Above Ground Total Sq. Ft.: 1,540
Below Ground Total Sq. Ft.: 1,202
FractionalOwnershipYN: No
Property Type: Residential
Above Grade Finished Area: 1,422
Below Grade Finished Area: 1,152
Amenities: Ceiling Fan(s),Exercise Room,Hardwood Floors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Natural Woodwork,Patio,Porch,In-Ground Sprinkler,Tile Floors,Washer/Dryer Hookup,Wet Bar,Walk-In Closet

Lot Information
Lot Features: Tree Coverage - Medium
Lot Size Area: 0.36
Lot Size Units: Acres
Lot Size Dimensions: 81 x 201
Road Frontage Type: City Street, Cul De Sac, No Outlet/Dead End, Paved Streets
Road Responsibility: Public Maintained Road

Financial

Tax Information
Tax Annual Amount: $7,073
Tax Year: 2025
Tax With Assessments: $7,329

Utilities

Utility Information
Water Source: City Water/Connected
Electric: 200+ Amp Service
Power Company Name: Xcel Energy
Sewer: City Sewer/Connected
Fuel: Natural Gas

Location

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

Location Information
Directions: Mill Street south out of Excelsior, right on Grace Street.
Map Coordinate: 117-E3

Public facts

Beds: 3
Baths: 2.0
Sq. Ft.: 2,030
Stories: 1.0
Lot Size: 0.36 acres
Style: Single Family Residential
Year Built: 1957
Year Renovated: 2006
County: Hennepin County
APN: 35 117 23 32 0027

Home facts updated by county records on Jul 20, 2026

Other

Home Information
Living Area: 2574
Living Area Units: Square Feet
Main Level Finished Area: 1540
Building Area Total: 2742
Foundation Details: Block
Levels: One

Around this home

Schools

Excelsior Elementary School

Public K-5 • Assigned • 0.3mi

10/10

Minnetonka West Middle School

Public 6-8 • Assigned • 1.2mi

9/10

Minnetonka Senior High School

Public 9-12 • Assigned • 2.6mi

10/10

Provided by GreatSchools

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

85/ 100

Very good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

10.3 hrs

4.6 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$826,000 – $1.00M

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Nearby similar homes

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Land— sq ft

21155 Minnetonka Blvd, Shorewood, MN 55331

New listings for sale in 55331

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OPEN SUN, 11:30AM TO 1PM3D WALKTHROUGH

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Home values near 516 Grace St

Data from public records.

Address	Redfin Estimate
538 Grace St, Excelsior, MN 5 Beds \| 3 Baths \| 2724 Sq. Ft.	$780,486
542 3rd Ave, Excelsior, MN 4 Beds \| 3 Baths \| 2612 Sq. Ft.	$589,281

Address	Redfin Estimate
512 Grace St, Excelsior, MN 3 Beds \| 1 Baths \| 1710 Sq. Ft.	$510,649
548 Mill St, Excelsior, MN 3 Beds \| 3 Baths \| - Sq. Ft.	$670,899

Address	Redfin Estimate
560 Wheeler Dr, Excelsior, MN 2 Beds \| 1 Baths \| 1434 Sq. Ft.	$385,315
533 Mill St, Excelsior, MN 3 Beds \| 2 Baths \| 1778 Sq. Ft.	$328,054

Property information provided by NORTHSTARMLS as Distributed by MLS Grid when last listed in 2026. This data may not match . Learn more.

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516 Grace St, Excelsior, MN 55331

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About this home

Redfin Estimate

Market trends in 55331, MN

Homeowner tools

Sale and tax history for 516 Grace St

Public record

Property details

Parking

Interior

Exterior

Financial

Utilities

Location

Public facts

Other

Around this home

Schools

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 55331

Home values near 516 Grace St

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