Excelsior Homes under $750,000

Welcome to Excelsior, Minnesota—a picturesque gem nestled along the shores of Lake Minnetonka. Known for its charming small-town atmosphere, Excelsior offers a delightful blend of natural beauty, vibrant community life, and a rich history that dates back to the mid-1800s. With its quaint downtown area filled with unique shops, cozy cafes, and local eateries, residents and visitors alike can enjoy leisurely strolls along the scenic streets or relax by the lake, taking in stunning sunsets that paint the sky in breathtaking hues.

For those considering a move to this idyllic setting, Excelsior boasts a variety of homes available for under $750,000, making it an attractive option for both first-time buyers and those looking to downsize. From charming historic homes that exude character to modern constructions that offer contemporary amenities, there’s something for everyone. Many properties feature spacious yards, perfect for family gatherings or outdoor activities, while others provide easy access to the lake for boating, fishing, and swimming.

Families will appreciate the highly-rated schools in the area, while outdoor enthusiasts can take advantage of the numerous parks and recreational opportunities nearby. With a strong sense of community and a welcoming spirit, Excelsior is not just a place to live; it’s a place to thrive. Whether you’re looking for a cozy cottage or a family home, Excelsior has the perfect property waiting for you, all within a budget-friendly price range. Come discover the charm of Excelsior, where your dream home awaits!

Newest Excelsior Homes under $750,000

$499,900

3 Beds ⋅ 3 Baths ⋅ 7155943 MLS

Re-Introducing 5905 Country Club! Set on a rare and exceptionally private 0.93-acre lot in one of the area’s most sought-after locations, this one-owner custom home presents a unique opportunity to own a property offering the ideal combination of location, lot size, and long-term potential. Whether you are looking to renovate and build equity over time or simply secure an exceptional homesite in a premier setting, this property offers outstanding value and versatility. Offering approximately 2,400 finished square feet, the home features 3 main-level bedrooms, including a private primary suite with a ¾ bath, hardwood floors, an oversized heated garage, solid mechanical systems, and the kind of quality construction and “good bones” that are becoming increasingly difficult to find. Move in and make thoughtful updates over time, pursue a larger renovation project, or customize the home to better suit your lifestyle and vision. For those considering future improvements, the nearly one-acre setting provides exceptional space and flexibility to explore a variety of possibilities. The unique layout of the property, combined with private side street access from Red Point Circle, may offer additional advantages for buyers seeking to thoughtfully maximize the site over time. Buyers are encouraged to independently verify any future building, remodeling, redevelopment, or site improvement plans directly with the municipality. Enjoy a peaceful and private backyard setting surrounded by mature trees, nearby parks and trails, and convenient access to Lake Minnetonka, downtown Excelsior, Minnesota, USA, Hazelwood Food and Drink, shopping, dining, and all within the highly regarded Minnetonka Public Schools district. Recent capital improvements include a new roof (2020), driveway base and apron improvements (2020 & 2024), new A/C (2023), and a recently replaced furnace heat exchanger. City sewer is connected, and fiber internet service is expected to be available nearby in the near future. A truly rare opportunity to secure a premier lot and create something special in one of the west metro’s most desirable communities.

5905 Country Club Road, Excelsior

Listing courtesy of Coldwell Banker Realty.

$574,900

6 Beds ⋅ 4 Baths ⋅ 7157563 MLS

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.

5570 & 5580 Shorewood Lane, Excelsior

Listing courtesy of Keller Williams Premier Realty Lake Minnetonka.

$599,000

4 Beds ⋅ 2 Baths ⋅ 7156650 MLS

Live just steps from the heart of historic downtown Excelsior in this charming 1½-story bungalow offering over 1,800 finished square feet and a surprisingly versatile floor plan. The main level features two bedrooms, a full bath, inviting living room, and a beautifully updated kitchen with quartz countertops, new cabinetry, and appliances completed in 2021. Step directly from the kitchen onto the wonderful deck, where privacy fencing creates an intimate outdoor retreat perfect for morning coffee, entertaining, or unwinding at the end of the day. Upstairs, a spacious third bedroom offers the flexibility to serve as a private retreat, home office, or bonus space. The finished lower level expands the possibilities with a comfortable family room, ¾ bath, and fourth bedroom currently enjoyed as a theater room—equally suited for guests, exercise, or additional flex space. An oversized tuck-under one-car garage and desirable corner lot complete the property. Best of all, leave the car at home and enjoy the restaurants, shops, and small-town charm of downtown Excelsior, the shores of Lake Minnetonka, and the Lake Minnetonka Regional Trail—all just moments from your front door. Located within the Minnetonka School District, this is an exceptional opportunity to enjoy one of the Twin Cities’ most beloved lakeside communities.

500 William Street, Excelsior

Listing courtesy of Keller Williams Realty Integrity.

$724,900

5 Beds ⋅ 4 Baths ⋅ 7153461 MLS

Situated on a gorgeous 3/4-acre level lot, this Shorewood home offers an exceptional blend of space, functionality, and unbeatable lifestyle in the highly desirable Minnetonka School District. Ideally positioned just minutes from Lake Minnetonka, the charming shops and dining of downtown Excelsior, and extensive local trail networks, this property captures the very best of suburban lakeside living. An inviting open foyer welcomes you inside, thoughtfully designed with a convenient laundry closet. Straight ahead, a formal living room flows naturally into the heart of the home: an inviting kitchen complete with an informal dining space that opens directly into the family room. Ideal for multi-generational living or flexible hosting, the main floor features a private bedroom with an adjacent full bath. Tucked away down a separate main-level wing, you will find a quiet home office paired with a 3/4 bath, offering the perfect work-from-home setup. Upstairs in the main residence, three additional bright and airy bedrooms share another well-appointed 3/4 bath. The lower-level basement extends your living options even further with a finished flex room—ideal for a workout space or playroom—plus vast unfinished space for all your storage needs. The true highlight of this property is the massive, fully heated and insulated detached garage. Rising above this impressive garage structure is a giant, light-filled entertainment and media room equipped with its own wet bar, creating an incredible, private retreat designed for game days, movie nights, or hosting large gatherings. Step outside to your personal outdoor sanctuary: a sprawling, level backyard featuring a lush lawn, beautiful green space, and sunny patio areas perfect for grilling, relaxing, and summer outdoor living.

25745 Wild Rose Lane, Excelsior

Listing courtesy of Redfin Corporation.

$650,000

3 Beds ⋅ 2 Baths ⋅ 7114466 MLS

A truly unique opportunity in the sought-after Excelsior/Shorewood neighborhood! Set on nearly 2 acres with a picturesque creek running through the rear if the property, this one-of-a-kind setting features 3 existing structures: a charming Cape Cod style home, another building (that mimics the main home) that could potentially be a business/ADU, etc. has an existing 3/4 bath, kitchen and laundry. It also has a separate detached 2-car garage. The original home offers HW floors and coved ceilings. Being sold "as is," this property offers incredible flexibility for a buyer to re-imagine the existing residences or create their dream home in one of the Lake Minnetonka area's most desirable settings.

26270 Smithtown Road, Excelsior

Listing courtesy of Edina Realty, Inc..

$535,000

4 Beds ⋅ 2 Baths ⋅ 7143846 MLS

Your own private oasis in the heart of Tonka Bay! Set on a spacious .59-acre lot with mature trees and peaceful wetland views, this 4-bedroom, 2-bath home offers the perfect blend of privacy and Lake Minnetonka lifestyle. Walk via the nearby fire lane to Lake Minnetonka or downtown Excelsior or hop not he Regional Trail. Inside, the bright and inviting main level features hardwood floors and an easy flow from the spacious living and dining rooms into the kitchen with plentiful space. Step outside to enjoy multiple outdoor living spaces including a large deck, hot tub, beautiful hardscaping, blue stone paver patio with hanging bed, boulder boarders and fire pit overlooking the wetlands. Two bedrooms and an updated bath complete the main level, while the lower level offers a second family room, two additional bedrooms and a spacious bath with an oversized shower and future potential for a sauna or steam shower. New light fixtures and custom window shades throughout. Hard to find 620+ sq. ft. heated and insulated garage with room for boats, toys and more. All of this in the Minnetonka School District, just minutes from everything Excelsior has to offer.

10 Woodlawn Avenue, Excelsior

Listing courtesy of RE/MAX Results.

$550,000

3 Beds ⋅ 2 Baths ⋅ 7140532 MLS

Welcome to 4305 Cottagewood Ct, located in the highly sought-after Woodland Cove neighborhood just moments from the shores of Lake Minnetonka. This charming 3BD/2BA home delivers true main level living in a meticulously maintained 2018 build — all the appeal of nearly new construction with none of the wait. Thoughtfully designed and well appointed throughout, the open floor plan spans 1,800 sq ft and flows effortlessly from living spaces to a stunning deck surrounded by beautiful, mature landscaping — perfect for relaxing or entertaining. The unfinished basement arrives already plumbed for a bathroom, offering incredible potential to add value and square footage on your timeline. Woodland Cove residents enjoy an exceptional lifestyle with resort-style shared amenities including a sparkling pool, clubhouse, recreation area, pickleball courts, and scenic walking trails — all just minutes from everything Lake Minnetonka has to offer. Homes like this don't last. Schedule your showing today.

4305 Cottagewood Court, Excelsior

Listing courtesy of Edina Realty, Inc..

$750,000

2 Beds ⋅ 2 Baths ⋅ 7134250 MLS

Experience the best of downtown Excelsior living in this beautifully updated Wyer Hill residence, just steps from Lake Minnetonka, Water Street shops, restaurants, trails, and year-round community events. The thoughtfully redesigned floor plan features an open-concept layout with a stunning oversized Venetian plaster center island, updated cabinetry, backsplash, newer refrigerator and dishwasher, custom ceiling beams, new lighting, fresh paint, and new blinds throughout. With two private bedroom suites on opposite sides of the home, this layout offers exceptional comfort and privacy. The spacious covered deck with updated railings is perfect for relaxing or entertaining. Amenities include a fitness center, guest suite, heated underground parking with two stalls, storage room, elevator, and car wash station. HOA dues cover internet, cable/DIRECTV, water, sewer, trash, snow removal, and landscaping. Recent building updates include new hallway lighting and upcoming new carpet throughout common areas. Enjoy a carefree, lock-and-leave lifestyle in one of Lake Minnetonka's most coveted communities!

205 Mill Street Unit S204, Excelsior

Listing courtesy of Coldwell Banker Realty - Southwest Regional.

$574,900

3 Beds ⋅ 2 Baths ⋅ 7122163 MLS

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.

111 1st Street, Excelsior

Listing courtesy of Compass.

$599,000

4 Beds ⋅ 3 Baths ⋅ 7123402 MLS

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.

542 3rd Avenue, Excelsior

Listing courtesy of Coldwell Banker Realty.

$625,000

4 Beds ⋅ 2 Baths ⋅ 7122918 MLS

An acre-plus of mature trees, total privacy, and a home with real history; this is the kind of setting that rarely comes up in Excelsior. Tucked into a quiet, wooded enclave just minutes from the lakes and easy access to Highway 7, 6930 Foxglove Circle delivers the rare combination of seclusion and convenience. The current owners undertook a thoughtful renovation that respects the home's original character: refinished hardwood floors, fresh paint, designer wallpaper, updated lighting, and refreshed bathrooms; all executed to preserve the historic detail rather than erase it. Three wood-burning fireplaces anchor the home's warmth, while two separate living rooms give you room to spread out, entertain, or just close a door. A formal dining room sets the stage for real gatherings, and four bedrooms plus two bathrooms comfortably fit family or guests. A basement workshop rounds things out for anyone who wants dedicated project space. Homes with this much land, this much character, and this much privacy don't come around often; this is one to see in person.

6930 Foxglove Circle, Excelsior

Listing courtesy of Rize Realty.

$499,999

3 Beds ⋅ 3 Baths ⋅ 7121634 MLS

RARE OPPORTUNITY MINUTES TO THE HEART OF EXCELSIOR Unlock the full potential of this prime Excelsior address. Nestled on Echo Road in one of the Twin Cities' most sought-after communities, this property offers a rare chance to renovate an existing home or build your dream residence from the ground up all in a location that's truly hard to beat. Situated just minutes from the charming shops, restaurants, bike paths, and lakefront of downtown Excelsior, and with easy access to Lake Minnetonka and several marinas, this is the kind of address buyers wait years for. The established neighborhood features mature trees, generous lot sizes, and a quiet, residential feel that perfectly balances convenience with tranquility. Located in the top-rated Minnetonka School District. Whether you're an investor, builder, or buyer with a vision, the bones are here - bring your plans and make it your own. Properties in this corridor don't come available often, and with comparable homes on Echo Road commanding strong values, the upside is undeniable. Priced for opportunity. Sold as-is. Schedule your showing today.

5690 Echo Road, Excelsior

Listing courtesy of Edina Realty, Inc..

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