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Pending
  • $400,000

    24945 Smithtown Rd, Shorewood, MN 55331

    4beds
    2baths
    3,288sqft
    : 
    Duplex Side by Side
    Built in 1951
    -- sqft lot
    $-- Zestimate®
    $122/sqft
    $-- HOA

    What's special

    Rare Duplex Opportunity in Highly Sought-After Shorewood! Don’t miss this exceptional investment or redevelopment opportunity just minutes from vibrant downtown Excelsior. Situated on a generous tree lined.83-acre lot, this side-by-side duplex features two units, each offering 2 bedrooms and 1 full bath—ideal for rental income, multi-generational living, or future new construction. This is a prime location with close proximity to Lake Minnetonka, Excelsior’s dining, shopping, parks, and top-tier Minnetonka schools—making it incredibly attractive to both tenants and future homeowners. Zoned for flexibility, this property offers rare potential to hold as an income property or build your dream home in a location where options like this rarely come up. Showings require 2 hour notice as property is tenant-occupied. This is the property you’ve been waiting for—an unbeatable location, generous lot, and future potential. Act fast!
    12 days
    on Zillow
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    Zillow last checked: 7 hours ago

    Listing updated: August 21, 2025 at 10:14am

    Listed by:

    Lawrence DePauw 952-457-0294,

    Edina Realty, Inc.

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6769624MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Forced Air
    Features
    • Basement: Block,Daylight,Full,Storage Space,Sump Basket,Sump Pump,Unfinished
    Interior area
    • Total structure area: 3,288
    • Total interior livable area: 3,288 sqft
    • Finished area above ground: 1,644
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Gravel, Guest, Shared Garage/Stall, Open
    • Has garage: Yes
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Fencing: None
    Lot
    • Size: 0.83 Acres
    • Dimensions: 36155 SF
    • Features: Many Trees
    • Topography: Level
    Details
    • Foundation area: 1644
    • Parcel number: 3311723240010
    • Zoning description: Residential-Multi-Family

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex Side by Side
    Materials
    • Fiber Cement, Block, Frame
    • Roof: Age Over 8 Years,Asphalt
    Condition
    • Age of Property: 74
    • New construction: No
    • Year built: 1951

    Utilities & green energy

    • Electric: Circuit Breakers, Fuses
    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected, Well

    Community & HOA

    Location
    • Region: Shorewood

    Financial & listing details

    • Price per square foot: $122/sqft
    • Tax assessed value: $441,500
    • Annual tax amount: $4,353
    • Date on market: 8/13/2025
    • Tenant pays: All Utilities
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