Rare opportunity to build a new home on one of the best available lots in the coveted Heart of Excelsior or buy and hold as an investment. This prime wide open corner lot offers expansive unobstructed views across Excelsior Commons Park with Lake Minnetonka just a few steps away and right outside the door of your future home. Enjoy all the public amenities and zero HOA fees including 2 swimming beaches, playground, tennis courts, basketball, baseball, kayaking, grilling, fishing, fireworks on the 4th, or just relax by the open firepits and relish live music at the park bandshell, plus much more. All this and located within the award-winning Minnetonka Schools and Excelsior Elementary, walking distance to historic Water Street boasting numerous shops and fine dining experiences, easy access to Lake Minnetonka LRT Reginal Trail system. In addition, Excelsior residents are eligible for boat slips or sailboat mooring buoys via the city dock program waiting list. Note the previous home has already been demolished and removed from the site saving you substantial $$$ in demolition costs. Open to any builder. Do not delay!
Active
$649,900
88 1st St, Excelsior, MN 55331
--beds
--baths
0.1Square Feet
Unimproved Land
Built in ----
0.1 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 3 days
- on Zillow |
- 317 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: August 01, 2025 at 07:06pm
Listed by:
Lane M Hansen 952-261-9423,
United Real Estate Twin Cities,
Jin "Dida" Hansen 763-913-9174
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6764346

Travel times
Facts & features
Property
Features
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake View, Other, Waterfront Num(27013300), Lake Acres(14205), Lake Depth(113)
- Body of water: Minnetonka
- Frontage length: Water Frontage: 0
Lot
- Size: 0.1 Square Feet
- Topography: Level
Details
- Parcel number: 2711723430022
- Zoning description: Residential-Single Family
Utilities & green energy
- Utilities for property: Other Connected, Sewer Available, Water Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Excelsior
Financial & listing details
- Tax assessed value: $531,600
- Annual tax amount: $7,561
- Date on market: 7/30/2025
- Inclusions: Other
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