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    88 1St St Excelsior, MN 55331

    Pending
    For Sale
    $649,900

    Lots & Land - Excelsior, MN

    Lot size:
    0.10 Acres
    Days on Market:
    38
    Last Refresh:
    Dec 14 at 3:06 pm

    Property Features for 88 1St St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    Residential-Single Family
    APN
    2711723430022
    Lot size
    0.10 Acres

    Building Details

    Architectural style
    Other

    United Real Estate Twin Cities (952) 228-1049 [email protected]

    Listing agent Lane M Hansen (952) 228-1049

    Listing date Nov 7, 2025

    MLS# 6764346 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Excelsior Land with Lake Views

    This property presents a rare opportunity to construct a new home on a corner lot in Excelsior. The site offers unobstructed views across Excelsior Commons Park, with Lake Minnetonka located nearby. The location provides access to public amenities without HOA fees, including swimming beaches, a playground, tennis courts, basketball court, baseball field, kayaking facilities, grilling areas, and fishing spots. Residents can enjoy fireworks and live music at the park bandshell. The property is located within the Minnetonka Schools district and near Excelsior Elementary. Historic Water Street, featuring shops and dining, is within walking distance, and the Lake Minnetonka LRT Regional Trail system is easily accessible. Excelsior residents are eligible for boat slips or sailboat mooring buoys via the city dock program waiting list. The previous home has been demolished and removed from the site. The lot size is 0.1 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Wholesale Shop Dental Office Spa & Massage Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Excelsior
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.569721
    Latitude
    44.907357

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    FAQs

    What type of property is this?
    Land - Prime corner lot near Lake Minnetonka and Excelsior Commons Park.
    Where is this land located?
    The property is located at 88 1St St Excelsior, MN.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: - Prime corner lot with expansive, unobstructed views of Excelsior Commons Park and Lake Minnetonka.; - Steps away from Lake Minnetonka and numerous public amenities with zero HOA fees.; - Located within the award-winning Minnetonka School District and walking distance to Excelsior's historic Water Street.
    (952) 228-1049
    Request Owner's contact information
    88 1St St Excelsior, MN 55331
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    Excelsior, MN 55331
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    88 1St St Excelsior, MN 55331
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