Waterfront homes for sale & real estate in 55331, MN

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ABOUT THIS HOME
Waterfront Home for sale in 55331, MN:
Experience effortless lake living! Elegant end unit condo at the Excelsior Bay Gables featuring unobstructed panoramic views of Lake Minnetonka's Excelsior Bay and Big Island. The primary suite and second bedroom bookend this naturally sun-filled 1,483-sq-ft layout. A beautifully updated kitchen flows into the dining and living room, while a covered wrap-around maintenance free balcony takes full advantage of the lake views and surrounding natural beauty. The bonus room across the hall can be used as an office or additional storage. HOA amenities include a heated swimming pool, tennis courts, year-round hot tub and sauna facilities, a well-equipped fitness center, private docks with boat sl

$1,145,000

2 beds2 baths1,483 sq ft

603 Lake St #214, Excelsior, MN 55331

$1,440 HOA • 2 garage spots • Community pool

NEW CONSTRUCTION

ABOUT THIS HOME
Waterfront Home for sale in 55331, MN:
Located on the highly sought-after east side of Lake Minnetonka, this stunning to-be-built home offers over 4,000 finished square feet of luxury living. Designed to capture fantastic lake views, the home will feature 5 bedrooms and 4 bathrooms, with an open and flexible floor plan ideal for today’s lifestyle. Buyers will have the opportunity to select their own high-end finishes to create a truly personalized dream home. Enjoy the convenience of private boat slips on beautiful Carson’s Bay—perfect for docking your boat, even on breezy days.

$3,995,000

5 beds4 baths4,505 sq ft

19860 Cottagewood Rd, Excelsior, MN 55331

Lake views • 0.35 acre lot • 3 garage spots

NEW CONSTRUCTION

ABOUT THIS HOME
Waterfront Home for sale in 55331, MN:
Discover unparalleled luxury living in this exceptional new construction single-family home spanning over 5,000 square feet on prestigious Lake Street, perfectly positioned directly across from the pristine waters of Lake Minnetonka in the heart of historic downtown Excelsior. This stunning fresh build represents the pinnacle of contemporary design and premium craftsmanship, offering an extraordinary lifestyle where lakefront elegance meets vibrant downtown energy just moments from Minnesota's most coveted lake. Wake up to breathtaking water views and endless recreational opportunities while being steps away from boutique shopping, acclaimed waterfront restaurants, the famous Excelsior Comm

$5,299,000

4 beds4 baths4,661 sq ft

254 Lake St, Excelsior, MN 55331

6,969 sq ft lot • 2 garage spots • Pool

ABOUT THIS HOME
Waterfront Home for sale in 55331, MN:
This stunning home blends timeless architecture with modern comfort. A covered front entry leads into a bright, open-concept main floor where oversized windows fill the great room with natural light. The gourmet kitchen features high-end finishes and flows seamlessly into the dining area — perfect for both entertaining and everyday living. A private main-floor office provides a quiet workspace, while the mudroom off the three-car garage helps keep life organized. Upstairs, the primary suite offers a spacious retreat with a spa-style bath that includes a soaking tub, walk-in shower, and large walk-in closet. Four additional bedrooms, a loft lounge, and a convenient laundry room complet

$2,700,000

6 beds7 baths5,923 sq ft

525 Smithtown Ct, Excelsior, MN 55331

Spa-style bath • Gourmet kitchen • Mudroom

3D WALKTHROUGH

ABOUT THIS HOME
Waterfront Home for sale in 55331, MN:
Imagine enjoying lakefront luxury perched in the heart of prestigious Deephaven at this Cottagewood Road “treetop” masterpiece designed to dazzle & inspire! Entertainer’s delight! Step past its understated exterior & this fully-loaded & exceptionally crafted “Restoration Hardware” style gem offers the ultimate experience in comfort and relaxation and offers the perfect backdrop for gatherings small & large! This NEWER-built * open-concept ranch-style RAMBLER on 135’ of LAKE MINNETONKA LAKE SHORE offers a PRIVATE & SERENE OVERSIZED . 56 ACRE LOT, 2! BOAT SPOTS * * , 4.5-CAR GARAGE & NIGHT VIEWS!! on the prestigious

$3,345,000

5 beds6 baths5,690 sq ft

19900 Cottagewood Rd, Excelsior, MN 55331

2 boat spots • Main-level primary • Walk-thru closet

Property at 6060 Ridge Rd, Excelsior, MN 55331, 4 beds, 6 baths

$3,799,000

4 beds6 baths5,762 sq ft

6060 Ridge Rd, Excelsior, MN 55331

Property at 20670 Linwood Rd, Excelsior, MN 55331, 5 beds, 9 baths

$22,000,000

5 beds9 baths10,440 sq ft

20670 Linwood Rd, Excelsior, MN 55331

Property at 4667 Bayswater Rd, Excelsior, MN 55331, 3 beds, 4 baths

$585,000

3 beds4 baths3,262 sq ft

4667 Bayswater Rd, Excelsior, MN 55331

Property at 2789 Pheasant Rd, Excelsior, MN 55331, 5 beds, 6 baths

$6,750,000

5 beds6 baths8,691 sq ft

2789 Pheasant Rd, Excelsior, MN 55331

Property at 3921 White Oak Ln, Excelsior, MN 55331, 4 beds, 3 baths

$2,670,509

4 beds3 baths3,869 sq ft

3921 White Oak Ln, Excelsior, MN 55331

Property at 20715 Linwood Rd, Excelsior, MN 55331, 4 beds, 5 baths

$2,895,000

4 beds5 baths6,186 sq ft

20715 Linwood Rd, Excelsior, MN 55331

Property at 4940 Meadville St, Excelsior, MN 55331, 4 beds, 6 baths

$4,999,995

4 beds6 baths5,963 sq ft

4940 Meadville St, Excelsior, MN 55331

Property at 20100 Lakeview Ave, Excelsior, MN 55331, 5 beds, 7 baths

$12,500,000

5 beds7 baths9,926 sq ft

20100 Lakeview Ave, Excelsior, MN 55331

Property at 230 Birch Bluff Rd, Excelsior, MN 55331, 5 beds, 8 baths

$5,400,000

5 beds8 baths8,263 sq ft

230 Birch Bluff Rd, Excelsior, MN 55331

Property at 20472 Radisson Rd, Excelsior, MN 55331, 3 beds, 4 baths

$1,625,000

3 beds4 baths3,494 sq ft

20472 Radisson Rd, Excelsior, MN 55331

Property at 5080 Meadville St, Excelsior, MN 55331, 5 beds, 6 baths

$7,995,000

5 beds6 baths5,015 sq ft

5080 Meadville St, Excelsior, MN 55331

Property at 4233 Halstead Bay Alcove, Excelsior, MN 55331, 5 beds, 5 baths

$1,499,000

5 beds5 baths4,297 sq ft

4233 Halstead Bay Alcove, Excelsior, MN 55331

Property at 4330 Manitou Rd, Excelsior, MN 55331, 3 beds, 4 baths

$4,450,000

3 beds4 baths3,713 sq ft

4330 Manitou Rd, Excelsior, MN 55331

Property at 2940 Washta Bay Rd, Excelsior, MN 55331, 3 beds, 4 baths

$1,495,000

3 beds4 baths3,197 sq ft

2940 Washta Bay Rd, Excelsior, MN 55331

Property at 5150 Meadville St, Excelsior, MN 55331, 4 beds, 4 baths

$5,999,000

4 beds4 baths3,616 sq ft

5150 Meadville St, Excelsior, MN 55331

Property at 4750 Baycliffe Dr, Excelsior, MN 55331, 6 beds, 7 baths

$9,495,000

6 beds7 baths8,297 sq ft

4750 Baycliffe Dr, Excelsior, MN 55331

Property at 6425 Virginia Dr, Excelsior, MN 55331, 4 beds, 6 baths

$4,950,000

4 beds6 baths6,105 sq ft

6425 Virginia Dr, Excelsior, MN 55331

Property at 3776 Woodland Cove Pkwy, Excelsior, MN 55331, 5 beds, 5 baths

$3,250,000

5 beds5 baths6,885 sq ft

3776 Woodland Cove Pkwy, Excelsior, MN 55331

Property at 4650 Manitou Rd, Excelsior, MN 55331, 3 beds, 2 baths

$2,395,000

3 beds2 baths2,616 sq ft

4650 Manitou Rd, Excelsior, MN 55331

Property at 4185 Halstead Bay Alcove, Excelsior, MN 55331, 5 beds, 6 baths

$3,279,900

5 beds6 baths6,451 sq ft

4185 Halstead Bay Alcove, Excelsior, MN 55331

Property at 3930 Stratford Ln, Excelsior, MN 55331

$960,000

— beds— baths— sq ft

3930 Stratford Ln, Excelsior, MN 55331

Property at 45 Lakeview Ave, Excelsior, MN 55331

$1,495,000

— beds— baths— sq ft

45 Lakeview Ave, Excelsior, MN 55331

Property at 20450 Linwood Rd, Excelsior, MN 55331

$525,000

— beds— baths— sq ft

20450 Linwood Rd, Excelsior, MN 55331

Property at 4900 Meadville St, Excelsior, MN 55331

$5,100,000

— beds— baths— sq ft

4900 Meadville St, Excelsior, MN 55331

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Based on information submitted to the MLS GRID as of Sat Dec 13 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Waterfront Homes for Sale in 55331

There are currently 29 waterfront homes for sale in 55331 at a median listing price of $1.1M. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 55331 stay on the market for 80 days and receive 5 offers. This map is refreshed with the newest listings in 55331 every 15 minutes.

In the past month, 14 homes have been sold in 55331. In addition to houses in 55331, there was also 1 condo, 19 townhouses, and 1 multi-family unit for sale in 55331 last month. Find your dream home in 55331 using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in 55331 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 55331. If you're looking to sell your home in the 55331 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 55331 with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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