Welcome to this charming 3-bedroom, 2-bath home set in a highly desirable Excelsior location on Galpin Lake, offering a rare opportunity to enjoy peaceful waterfront surroundings just minutes from downtown Excelsior, Lake Minnetonka, parks, trails, shops, and dining.
The home features a functional layout with bright living spaces and beautiful natural light throughout. The main level includes a comfortable living room with hardwood floors, an eat-in kitchen with ample cabinetry and workspace, and three bedrooms conveniently located on one level. A versatile sunroom or bedroom is surrounded by windows provides additional living space.
The lower level offers additional finished space ideal for a family room, recreation area, or hobby space, along with a second bathroom, laundry area, and storage.
Outside, the property truly shines. The fully fenced backyard is mostly flat near the home and gradually slopes toward Galpin Lake, creating usable outdoor space for relaxing, gardening, or entertaining while enjoying scenic lake views.
An attached one-car garage and convenient access to major roadways add to the home’s practicality, while the unbeatable location places you just minutes from shopping, dining and recreation that make Excelsior one of the metro’s most sought-after communities.
Move in and enjoy today or bring your ideas to build long-term value.
Active
$425,000
400 Mill St, Excelsior, MN 55331
3beds
2,140sqft
Est.:
Single Family Residence
Built in 1952
7,840.8 Square Feet Lot
$-- Zestimate®
$199/sqft
$-- HOA
What's special
- 14 days |
- 3,788 |
- 131 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: March 06, 2026 at 11:05am
Listed by:
Jennifer Fisk-Madison 612-819-6052,
eXp Realty,
Nathan A Plasch 612-703-2610
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7025019
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Bedroom
- Level: Main
- Area: 216 Square Feet
- Dimensions: 18x12
Bedroom 2
- Level: Main
- Area: 130 Square Feet
- Dimensions: 13x10
Bedroom 3
- Level: Main
- Area: 110 Square Feet
- Dimensions: 11x10
Family room
- Level: Main
- Area: 384 Square Feet
- Dimensions: 32x12
Kitchen
- Level: Main
- Area: 198 Square Feet
- Dimensions: 18x11
Laundry
- Level: Main
- Area: 130 Square Feet
- Dimensions: 13x10
Living room
- Level: Main
- Area: 280 Square Feet
- Dimensions: 20x14
Patio
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: Lower Level, Laundry Room
Features
- Basement: Block,Finished,Full
- Has fireplace: No
Interior area
- Total structure area: 2,140
- Total interior livable area: 2,140 sqft
- Finished area above ground: 1,230
- Finished area below ground: 535
Property
Parking
- Total spaces: 1
- Parking features: Attached
- Attached garage spaces: 1
- Details: Garage Dimensions (20x11)
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Fencing: Full
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake View
Lot
- Size: 7,840.8 Square Feet
- Dimensions: 78 x 121 x 56 x 119
- Features: Accessible Shoreline
Details
- Foundation area: 1230
- Parcel number: 3511723230031
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block
Condition
- New construction: No
- Year built: 1952
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Eastern Shore
HOA
- Has HOA: No
Location
- Region: Excelsior
Financial & listing details
- Price per square foot: $199/sqft
- Tax assessed value: $405,500
- Annual tax amount: $4,488
- Date on market: 2/25/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/27/2026 | Listed for sale | $425,000+279.8%$199/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7025019 Report a problem | ||
| 3/3/1997 | Sold | $111,900$52/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,488 +12.3% | $405,500 +5.4% |
| 2024 | $3,994 +11.3% | $384,800 +10.4% |
| 2023 | $3,589 +7.6% | $348,500 +12.8% |
| 2022 | $3,334 +10.2% | $309,000 +16.2% |
| 2021 | $3,025 -0.9% | $266,000 +9% |
| 2020 | $3,053 +0.9% | $244,000 +2.1% |
| 2019 | $3,025 -0.9% | $239,000 +0.4% |
| 2018 | $3,053 +5.9% | $238,000 +3.5% |
| 2017 | $2,883 -2.8% | $230,000 +0.4% |
| 2016 | $2,968 -1.7% | $229,000 |
| 2015 | $3,020 -1.3% | $229,000 +13.4% |
| 2014 | $3,058 +9.1% | $202,000 -1.9% |
| 2013 | $2,804 -1.7% | $206,000 -5.5% |
| 2012 | $2,854 -4.3% | $218,000 -6% |
| 2011 | $2,981 +2.8% | $232,000 -7.2% |
| 2010 | $2,899 -1.6% | $250,000 -6.7% |
| 2009 | $2,948 +14.7% | $268,000 +20.8% |
| 2006 | $2,569 +11.1% | $221,800 +15% |
| 2005 | $2,313 +10.9% | $192,900 +15% |
| 2004 | $2,085 +4.8% | $167,800 +11.9% |
| 2002 | $1,990 -39.2% | $149,900 |
| 2001 | $3,273 | -- |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,459/mo
Principal & interest
$2045
Property taxes
$414
More affordability tools
Climate risks
Neighborhood: 55331
Nearby schools
GreatSchools rating
- 9/10Excelsior Elementary SchoolGrades: K-5Distance: 0.3 mi
- 8/10Minnetonka West Middle SchoolGrades: 6-8Distance: 1.3 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 2.6 mi
Local experts in 55331
