111 1st StreetExcelsior, MN 55331
$574,900
3 bedrooms · 2 bathrooms · 2,316 finished sq ft · 0.06 acre lot
About this home
Rare redevelopment opportunity on 1st Street - the “gem of all the streets” in the Village of Excelsior! Most of the homes on this quiet, one-way street are new or substantially renovated! Bring your vision to this gutted single-family home and create something truly special in one of the lake area’s most desirable and walkable communities. Renovate the existing structure or start fresh with new construction and take advantage of the property’s prime location and one block from Excelsior Commons, the swim beach, tennis courts, baseball diamond, and the City of Excelsior boat docks. Architectural plans have already been developed with local architect Mike Sharratt, who has an as a great track record with the City of Excelsior, for a thoughtfully designed home that works beautifully with the small size of the lot. This will give the next owner an exciting head start on the possibilities. Enjoy the best of the walkable Excelsior lifestyle just blocks from downtown, with restaurants, shops, coffee, parks, trails, beaches and Lake Minnetonka all close by. Opportunities to create a custom home in the Village are increasingly hard to find. Bring your builder, your vision, and create something exceptional in Excelsior.
Home facts
- Home type
- Single-family home
- Style
- Single Family Residence
- Year built
- 1915
- Bedrooms
- 3
- Bathrooms
- 2
- Finished sq ft
- 2,316
- Lot
- 0.06 acres
- Basement
- Full
- Heating
- Natural Gas, None
- Cooling
- None
- Property taxes
- $5,631 a year
- Listed
- August 17, 2026
- MLS number
- 7122163
Listing courtesy of Compass (Christopher J Dennis). MLS #7122163.
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How it compares
111 1st Street, Excelsior, MN 55331 is a 3-bedroom single-family home built in 1915, listed for $574,900 on August 17, 2026 by Compass. That is in the lower quarter of the 9 single-family homes for sale in Excelsior right now (median $1.475 million; $248 per square foot here against $430 for the group). That works out to $248 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Excelsior community guideSchools, commutes, parks, home values and local stories.
- Excelsior housing market, September 2026Homes sold for a median $725,000 over 12 months (−22.6%), 46 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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