5150 Meadville StreetExcelsior, MN 55331
$5.2999 million
4 bedrooms · 4 bathrooms · 3,616 finished sq ft · 0.4 acre lot
About this home
One of the finest lots on Lake Minnetonka, this extraordinary peninsula property offers breathtaking panoramic views spanning Excelsior Bay, Gideons Bay, Big Island, and the Lower Lake. A truly once-in-a-lifetime opportunity, the property features 240 feet of premier shoreline with two private docks and additional boat slips, creating the ultimate setting for boating, paddleboarding, waterskiing, and effortless lakefront living. Enjoy spectacular sunsets and front-row views of Excelsior’s Fourth of July fireworks from your own deck or patio. The charming existing home offers timeless lake character and comfortable living spaces ideal for year-round enjoyment or weekend retreats, while also presenting an exceptional opportunity to build a custom luxury estate and fully maximize the unmatched setting and panoramic views. Inside, the home features inviting living spaces with hardwood floors, beamed ceilings, a stone wood-burning fireplace, and walls of windows framing the stunning lake views. The main level includes a bedroom and full bath for added flexibility, while the upper level offers a private primary suite with ensuite bath, two additional bedrooms, a ¾ bath, and convenient upper-level laundry. Expansive outdoor decks and patios provide the perfect spaces for entertaining or relaxing along the water’s edge. Located just minutes from downtown Excelsior, enjoy convenient access to trails, boutique shopping, award-winning restaurants, and year-round community events in one of Lake Minnetonka’s most sought-after settings.
Home facts
- Home type
- Single-family home
- Style
- Single Family Residence
- Year built
- 1918
- Bedrooms
- 4
- Bathrooms
- 4
- Finished sq ft
- 3,616
- Lot
- 0.4 acres
- Garage
- 2 stalls
- Basement
- Block, Finished, Full, Sump Pump
- Heating
- Natural Gas, Forced Air
- Cooling
- Central Air
- Property taxes
- $29,533 a year
- Listed
- May 29, 2026
- MLS number
- 7080605
Listing courtesy of RE/MAX Advantage Plus (Mark P. Abdel). MLS #7080605.
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How it compares
5150 Meadville Street, Excelsior, MN 55331 is a 4-bedroom single-family home built in 1918 on Lake Minnetonka, listed for $5.2999 million on May 29, 2026 by RE/MAX Advantage Plus. That is in the upper quarter of the 6 single-family homes for sale in Greenwood right now (median $2.6225 million; $1,466 per square foot here against $662 for the group). That works out to $1,466 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
- Greenwood community guideSchools, commutes, parks, home values and local stories.
- Lake MinnetonkaLake facts from the Minnesota DNR, access and every lakefront home for sale.
- Greenwood housing market, September 2026Homes sold for a median $3,000,000 over 12 months (+39.5%), 56 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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