423 Lake StreetExcelsior, MN 55331
$1.1 million
2 bedrooms · 2 bathrooms · 1,101 finished sq ft · 1.048 acre lot
About this home
Rare Opportunity for Lake Minnetonka Living in the Heart of Downtown Excelsior! Opportunities to own in this exclusive waterfront townhome community are few and far between! Perfectly positioned between the sparkling shores of Lake Minnetonka and the vibrant charm of downtown Excelsior, this desirable corner unit offers an exceptional lifestyle where boating, dining, shopping, and lakeside living are all just steps from your front door. With a private boat slip and dock included, your summers can be spent enjoying everything Lake Minnetonka has to offer. Bring your vision and personal style to this home and take advantage of the winter months to transform the interior into your ideal lakeside retreat—just in time for an unforgettable summer of 2027! Enjoy the convenience of your own private entrance, two dedicated parking spaces—including one covered space with additional storage—and an unbeatable location. Step out your back door toward the lake or head out front to explore Excelsior's celebrated restaurants, boutiques, grocery store, and lively downtown atmosphere. Two bedrooms, two bathrooms, two parking spaces, and your very own boat slip on Lake Minnetonka! This is more than a home—it's an opportunity to embrace the waterfront lifestyle you've been dreaming of, right in the heart of one of Minnesota's most beloved lake communities.
Home facts
- Home type
- Condo
- Style
- Townhouse
- Year built
- 1968
- Bedrooms
- 2
- Bathrooms
- 2
- Finished sq ft
- 1,101
- Lot
- 1.048 acres
- Garage
- 1 stalls
- Basement
- None
- Heating
- Natural Gas, Forced Air
- Cooling
- Central Air
- Property taxes
- $11,045 a year
- HOA / association fee
- $422
- Listed
- October 27, 2026
- MLS number
- 7164580
Listing courtesy of Keller Williams Realty Integrity Lakes (Colleen Gonzalez). MLS #7164580.
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How it compares
423 Lake Street, Excelsior, MN 55331 is a 2-bedroom condo built in 1968 on Lake Minnetonka, listed for $1.1 million on October 27, 2026 by Keller Williams Realty Integrity Lakes. That is in the middle range of the 3 condos for sale in Excelsior right now (median $1.1 million; $999 per square foot here against $638 for the group). That works out to $999 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 7:38 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.
- Lake MinnetonkaLake facts from the Minnesota DNR, access and every lakefront home for sale.
- 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
- —
- Association fee (as listed)
- —
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 and the association fee as listed (assumed monthly). Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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