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  • $4,195,000

    4680 Palmer Pointe Rd, Excelsior, MN 55331

    5beds
    5,254sqft
    : 
    Single Family
    Built in 2013
    0.54 Acres Lot
    $4,021,000 Zestimate®
    $798/sqft
    $167/mo HOA

    What's special

    European Wine Country meets Lake Minnetonka in this stunning 2013 by Stonewood, on Palmer Pointe. The home is set on a half-acre, walkout lot with a very gentle slope to 133' of sandy, clear, southeast facing shoreline on Smithtown Bay, one of the lake's clearest bodies. This is the first residence to come available on Palmer Pointe, an exclusive, quiet, walkable enclave consisting of eight exceptional, lakefront estates, since it was developed in 2013. THE HOME: Thoughtfully designed and meticulously crafted by Stonewood in 2013, the walkout 2-story is loaded with high-end features including a bright, open floorplan, massive ceiling vaults, heated porcelain tile floors, 8' doors, rounded archways, extensive knotty alder millwork, magnificent stonework, and so much more. Natural daylight floods the main floor through the SE facing wall of floor-to-ceiling windows from dawn until early afternoon, making way for cooling shade from afternoon to dusk. Experience expansive views of Smithtown Bay while cooking in your opulent chef's kitchen, featuring Wolf and Sub-Zero appliances, natural stone countertops, under counter/cabinet accent lighting, and a walk-in pantry with additional counter space. Possibly the most utilized room in the home, the California room, positioned next to the kitchen, offers a wood-fired pizza oven, a built-in gas grill, an outdoor TV, and motorized Phantom screens, providing a delightful place to hang out, entertain, and take in the serene lake views outside, year around. Retire to the luxurious primary ensuite with panoramic lake views, vaulted ceilings, a natural stone-topped vanity with dual sinks, a soaker tub, a walk-in shower with two shower heads, and a large walk-in closet. The upper-level hosts three additional bedrooms supported by two additional bathrooms, a well-appointed laundry room and a reading nook overlooking the great room. The walkout lower level is all set for entertaining lake guests, boasting a fully equipped bar attached to the media room, a climate-controlled wine room, a tasting room, the fifth bedroom, additional storage, and the lake room which offers lake/pool storage with a drain and a convenient 2nd laundry set up. The oversized, insulated, heated, 3-car garage features epoxied floors with floor drains, a wash bay with hot and cold water, a central vacuum system, and plenty of room for additional storage. THE LAKESHORE: The almost perfectly flat backyard gently slopes to 133 feet of owned, southeast facing lakeshore on the crystal clear, A-rated waters of Smithtown Bay, Lake Minnetonka. The GROUNDS: The spacious backyard is flat to the water and provides extensive space for yard games and outdoor activities. Natural stone retaining walls and strategically placed landscape lighting accentuate the architectural features of the home. Exterior stairs connect the upper and lower patios, providing easy access to the backyard from the kitchen on the home's main floor. A row of trees along the southwest property line boosts backyard privacy. Raspberry and blackberry bushes, set within the landscaping, produce thousands of delicious berries from summer through fall. A generously sized, inground hot tub on the lower patio boasts decorative lighting and water features, providing the perfect place to unwind after a fun-filled day on the lake. THE LOCATION: Palmer Pointe is an executive subdivision consisting of a single loop with only 7 other lakefront estates and no through traffic. The neighborhood is very walkable, featuring a path from Merrywood Lane that leads to the Lake Minnetonka Regional Park without ever getting on a busy road. The park's amenities include a swimming area, a fishing pier, a playground area, concessions, walking/biking trails, and more. Enjoy the convenient location with quick access to Highway 7. Reach Excelsior in 12 minutes, Mound in 10 minutes, and the 494-loop in 20 minutes.
    45 days
    |
    2,487
    |
    115
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 01, 2026 at 08:48am

    Listed by:

    Nick Leyendecker 952-900-2082,

    Leyendecker Realty

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6810132MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 5
      • Full bathrooms: 3
      • 3/4 bathrooms: 1
      • 1/2 bathrooms: 1
      Bedroom
      • Level: Upper
      • Area: 289 Square Feet
      • Dimensions: 17x17
      Bedroom 2
      • Level: Upper
      • Area: 165 Square Feet
      • Dimensions: 15x11
      Bedroom 3
      • Level: Upper
      • Area: 192 Square Feet
      • Dimensions: 16x12
      Bedroom 4
      • Level: Upper
      • Area: 312 Square Feet
      • Dimensions: 24x13
      Bedroom 5
      • Level: Lower
      • Area: 130 Square Feet
      • Dimensions: 13x10
      Primary bathroom
      • Level: Upper
      • Area: 170 Square Feet
      • Dimensions: 17x10
      Other
      • Level: Lower
      • Area: 135 Square Feet
      • Dimensions: 15x9
      Dining room
      • Level: Main
      • Area: 136 Square Feet
      • Dimensions: 17x8
      Flex room
      • Level: Main
      • Area: 221 Square Feet
      • Dimensions: 17x13
      Flex room
      • Level: Lower
      • Area: 169 Square Feet
      • Dimensions: 13x13
      Foyer
      • Level: Main
      • Area: 90 Square Feet
      • Dimensions: 15x6
      Great room
      • Level: Main
      • Area: 323 Square Feet
      • Dimensions: 19x17
      Kitchen
      • Level: Main
      • Area: 550 Square Feet
      • Dimensions: 22x25
      Laundry
      • Level: Upper
      • Area: 49 Square Feet
      • Dimensions: 7x7
      Loft
      • Level: Upper
      • Area: 96 Square Feet
      • Dimensions: 12x8
      Media room
      • Level: Lower
      • Area: 289 Square Feet
      • Dimensions: 17x17
      Mud room
      • Level: Main
      • Area: 84 Square Feet
      • Dimensions: 12x7
      Other
      • Level: Main
      • Area: 36 Square Feet
      • Dimensions: 6x6
      Screened porch
      • Level: Main
      • Area: 256 Square Feet
      • Dimensions: 16x16
      Storage
      • Level: Lower
      • Area: 153 Square Feet
      • Dimensions: 17x9
      Utility room
      • Level: Lower
      • Area: 220 Square Feet
      • Dimensions: 22x10
      Utility room
      • Level: Lower
      • Area: 256 Square Feet
      • Dimensions: 16x16
      Walk in closet
      • Level: Main
      • Area: 30 Square Feet
      • Dimensions: 6x5
      Walk in closet
      • Level: Upper
      • Area: 176 Square Feet
      • Dimensions: 16x11
      Other
      • Level: Lower
      • Area: 60 Square Feet
      • Dimensions: 10x6
      Heating
      • Forced Air, Geothermal, In-Floor Heating
      Cooling
      • Geothermal, Zoned
      Appliances
      • Included: Air-To-Air Exchanger, Central Vacuum, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Gas Water Heater, Water Osmosis System, Microwave, Refrigerator, Stainless Steel Appliance(s), Wall Oven, Washer, Water Softener Owned, Wine Cooler
      • Laundry: In Basement, Laundry Room, Sink, Upper Level
      Features
      • Central Vacuum
      • Basement: Finished,Full,Sump Pump,Walk-Out Access
      • Number of fireplaces: 1
      • Fireplace features: Gas, Living Room
      Interior area
      • Total structure area: 5,254
      • Total interior livable area: 5,254 sqft
      • Finished area above ground: 3,670
      • Finished area below ground: 1,206

      Property

      Parking
      • Total spaces: 3
      • Parking features: Attached, Concrete, Electric Vehicle Charging Station(s), Floor Drain, Garage, Heated Garage, Insulated Garage
      • Attached garage spaces: 3
      • Details: Garage Dimensions (22x30), Garage Dimensions ( 13x22), Garage Dimensions ( 10x15)
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Patio, Rear Porch, Terrace
      • Has private pool: Yes
      • Pool features: In Ground, Heated, Outdoor Pool
      • Fencing: Invisible
      • Has view: Yes
      • View description: Bay, East, Lake, Panoramic, South
      • Has water view: Yes
      • Water view: Bay,Lake
      • Waterfront features: Lake Front, Lake Bottom(Sand)
      • Frontage length: Water Frontage: 133
      Lot
      • Size: 0.54 Acres
      • Dimensions: 55 x 210 x 43 x 50 x 40 x 23 x 87 x 97 x 44 x 44 x 7
      • Features: Accessible Shoreline, Corner Lot, Tree Coverage - Medium
      Details
      • Foundation area: 1934
      • Parcel number: 3611724340031
      • Zoning description: Shoreline,Residential-Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family
      Materials
      • Frame
      • Roof: Age Over 8 Years,Asphalt
      Condition
      • New construction: No
      • Year built: 2013

      Utilities & green energy

      • Electric: Circuit Breakers, 200+ Amp Service, Power Company: Xcel Energy
      • Gas: Natural Gas
      • Sewer: City Sewer/Connected
      • Water: City Water/Connected
      • Utilities for property: Underground Utilities

      Community & HOA

      Community
      • Subdivision: Palmer Pointe
      HOA
      • Has HOA: Yes
      • Services included: Other
      • HOA fee: $2,000 annually
      • HOA name: Palmer Pointe Homeowners Association
      • HOA phone: 612-418-9900
      Location
      • Region: Excelsior

      Financial & listing details

      • Price per square foot: $798/sqft
      • Tax assessed value: $3,925,700
      • Annual tax amount: $38,994
      • Date on market: 2/25/2026
      • Road surface type: Paved
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        Estimated market value

        $4,021,000

        $3.82M - $4.22M

        $7,026/mo

        Price history

        Price history
        DateEventPrice
        3/4/2026Listed for sale$4,195,000+424.4%$798/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6810132 Report a problem
        12/27/2012Sold$800,000$152/sqft
        Source: NorthstarMLS as distributed by MLS GRID #4061030 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$38,994 +13.1%$3,925,700 +12.2%
        2024$34,465 +10.9%$3,500,200 +7.8%
        2023$31,086 +3.2%$3,248,400 +4.2%
        2022$30,112 +1.6%$3,118,000 +20.6%
        2021$29,643 -5.4%$2,586,000 +2.8%
        2020$31,326 +5.7%$2,515,000 +1.4%
        2019$29,643 -5.4%$2,480,000 +0.7%
        2018$31,326 +0.5%$2,463,000 +19.8%
        2017$31,167 +12.3%$2,056,000 +1.7%
        2016$27,741 -0.1%$2,022,000 +12.3%
        2015$27,781 +11.1%$1,800,000 +125%
        2014$25,001 $800,000

        Find assessor info on the county website

        Monthly payment

        Est. payment
        $25,194/mo
        Principal & interest
        $20937
        Property taxes
        $4090
        HOA Fees
        $167
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