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!
Closed
$390,000
24945 Smithtown Rd, Shorewood, MN 55331
4beds
2baths
3,288sqft
Duplex Side by Side
Built in 1951
-- sqft lot
$388,400 Zestimate®
$119/sqft
$2,114 Estimated rent
Home value
$388,400
$357,000 - $419,000
$2,114/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 04, 2025 at 07:15am
Listed by:
Lawrence DePauw 952-457-0294,
Edina Realty, Inc.
Bought with:
Lawrence DePauw
Edina Realty, Inc.
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6769624
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 & neighborhood
Location
- Region: Shorewood
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2025 | Sold | $390,000-2.5%$119/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6769624 | ||
| 8/21/2025 | Pending sale | $400,000$122/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6769624 | ||
| 8/15/2025 | Listed for sale | $400,000$122/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6769624 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,884 +12.2% | $441,500 +4% |
| 2024 | $4,353 +8.5% | $424,500 +8.7% |
| 2023 | $4,011 +1.5% | $390,500 +9.4% |
Find assessor info on the county website
Neighborhood: 55331
Nearby schools
GreatSchools rating
- 9/10Minnewashta Elementary SchoolGrades: K-6Distance: 0.9 mi
- 8/10Minnetonka West Middle SchoolGrades: 6-8Distance: 1.2 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 4.2 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$388,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$388,400