5570 & 5580 Shorewood LaneExcelsior, MN 55331
$574,900
6 bedrooms · 4 bathrooms · 2,230 finished sq ft · 0.46 acre lot
About this home
Exceptional investment and lifestyle opportunity in the heart of Shorewood! This outstanding duplex is ideally located just steps from the Lake Minnetonka Regional Trail, offering direct access into downtown Excelsior where you’ll enjoy restaurants, boutique shopping, and vibrant lake life year-round. Walk or bike to nearby Tonka Bay for additional dining favorites including Hazelwood and Joey Nova’s. Whether you’re an investor or owner-occupant, this property offers a rare income-producing opportunity with strong rental potential while enjoying one of Lake Minnetonka’s most desirable communities. Both units have been extensively updated and well maintained. Major exterior improvements completed in 2010 include new columns, shutters, paint, professional landscaping, and a brand new roof being installed! Recent 2026 updates bring a fresh, modern feel throughout with new carpet, luxury vinyl plank flooring, full interior paint, updated light switches, painted garage and utility floors, and new appliances. Additional mechanical updates include newer furnaces installed within the past five years, providing added efficiency and peace of mind. Enjoy low-maintenance ownership, thoughtful updates, and an unbeatable location near trails, dining, and the best of Lake Minnetonka living.
Home facts
- Home type
- Multi-family home
- Style
- Duplex
- Year built
- 1968
- Bedrooms
- 6
- Bathrooms
- 4
- Finished sq ft
- 2,230
- Lot
- 0.46 acres
- Garage
- 2 stalls
- Basement
- Finished, Full
- Heating
- Natural Gas, Forced Air
- Property taxes
- $7,026 a year
- Listed
- October 8, 2026
- MLS number
- 7157563
Listing courtesy of Keller Williams Premier Realty Lake Minnetonka (The Holmers Group). MLS #7157563.
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How it compares
5570 & 5580 Shorewood Lane, Excelsior, MN 55331 is a 6-bedroom multi-family home built in 1968, listed for $574,900 on October 8, 2026 by Keller Williams Premier Realty Lake Minnetonka. That works out to $258 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
- Shorewood community guideSchools, commutes, parks, home values and local stories.
- Shorewood housing market, September 2026Homes sold for a median $930,500 over 12 months (+5.7%), 63 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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