Shorewood Acreage: Approved Development
For Sale
$599,000
24560 Smithtown Rd, Excelsior, MN 55331
Prime Shorewood parcel with approved plans for six homes.
Property SizeContact for details
Lot Size1.00 Acre
Days on Market119
Property Features for 24560 Smithtown Rd
General Information
Standard status
Active
Lot size
1.00 Acre
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$5,296
Listing Agency:
eXp Realty
(612) 710-0834
Listed By:
Amber Simon
(612) 710-0834
Source:
Exprealty
Added: Apr 13
Changed: Aug 8
Last Checked: Jul 16 at 11:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
Investment Insights
Based on property information with market context.
Located in Shorewood, this parcel spans just over an acre and features medium-high density zoning. City-approved preliminary plat and concept plans are in place for the construction of six single-family homes. Utilities are readily available, and much of the entitlement process has been completed. The property backs directly up to Gideon Glen Park and is positioned across the street from the Minnetonka Country Club neighborhood. Caribou Coffee and Badger Park are located nearby. The location provides proximity to Lake Minnetonka, Excelsior Commons, and the shops and restaurants in Excelsior. Minnesota State Highway 7 is easily accessible. This property is suited for building and selling, creating a boutique villa community, or investing in a high-demand area.
Key Highlights
- City‑approved preliminary plat and concept plans for six single‑family homes already in place.
- Medium‑high density zoning in the highly desirable Shorewood area.
- Utilities readily available and much of the entitlement process already completed.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Explore this area
Business Placement
Demographics for 55331, MN
19,568
Population
8,275
Households
2.4
Avg Household Size
46
Median Age
71%
College-Educated
99%
High-School Grad
16.3 sq mi
ZIP Area
1,200
Density / Sq Mi
$160,029
Median Household Income
$75,771
Median Earnings
$1,208
Median Rent
$707,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Prime Shorewood parcel with approved plans for six homes.
Where is this residential land & home lot located?
The property is located at 24560 Smithtown Rd Excelsior, MN.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: City‑approved preliminary plat and concept plans for six single‑family homes already in place.; Medium‑high density zoning in the highly desirable Shorewood area.; Utilities readily available and much of the entitlement process already completed.
