542 3rd AvenueExcelsior, MN 55331
$579,900
4 bedrooms · 3 bathrooms · 2,612 finished sq ft
About this home
Prime Excelsior location—walk to downtown, Lake Minnetonka, dining, shopping, parks, and trails. This Minnetonka schools, Four-bedroom layout has flexible space for family, guests, or a home office. Separate climate controlled studio/office ideal for remote work, fitness, or creative use. Bright morning room off the kitchen for coffee, casual meals, or sunlit lounging. Walkout primary bedroom with direct access to the private backyard. Large windows throughout for abundant natural light. Private fenced backyard perfect for entertaining, pets, and outdoor relaxation. Adjacent to the new Mill Street pathway with access to regional trail networks. Move in ready with recent updates: new driveway, fresh paint, and new flooring. Highly walkable neighborhood with the privacy of a backyard retreat. Enjoy year round Excelsior living close to the lake, recreation, and community events. Lots to like, you will not be disappointed.
Home facts
- Home type
- Single-family home
- Style
- Single Family Residence
- Year built
- 1948
- Bedrooms
- 4
- Bathrooms
- 3
- Finished sq ft
- 2,612
- Basement
- Block, Finished
- Heating
- Natural Gas, Forced Air
- Cooling
- Central Air
- Property taxes
- $5,602 a year
- Listed
- October 23, 2026
- MLS number
- 7163286
Listing courtesy of Coldwell Banker Realty (David R Philp). MLS #7163286.
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How it compares
542 3rd Avenue, Excelsior, MN 55331 is a 4-bedroom single-family home built in 1948, listed for $579,900 on October 23, 2026 by Coldwell Banker Realty. That is in the lower quarter of the 9 single-family homes for sale in Excelsior right now (median $1.475 million; $222 per square foot here against $430 for the group). That works out to $222 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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