111 1st Street

Excelsior, MN
$ 574,900 Beds 3 Baths 2 Sq 1,466
Monthly Estimate* How much can I afford?

Rare redevelopment opportunity on 1st Street - the “gem of all the streets” in the Village of Excelsior! Most of the homes on this quiet, one-way street are new or substantially renovated! Bring your vision to this gutted single-family home and create something truly special in one of the lake area’s most desirable and walkable communities. Renovate the existing structure or start fresh with new construction and take advantage of the property’s prime location and one block from Excelsior Commons, the swim beach, tennis courts, baseball diamond, and the City of Excelsior boat docks. Architectural plans have already been developed with local architect Mike Sharratt, who has an as a great track record with the City of Excelsior, for a thoughtfully designed home that works beautifully with the small size of the lot. This will give the next owner an exciting head start on the possibilities. Enjoy the best of the walkable Excelsior lifestyle just blocks from downtown, with restaurants, shops, coffee, parks, trails, beaches and Lake Minnetonka all close by. Opportunities to create a custom home in the Village are increasingly hard to find. Bring your builder, your vision, and create something exceptional in Excelsior.

Single Family

  • Price
  • $ 574,900
  • City
  • Excelsior
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • HENNEPIN
  • Half Bathrooms
  • 0
  • Area
  • Auditors Sub 135
  • Lot Size
  • 0.06 Acres
  • Zip
  • 55331
  • Sqr Footage
  • 1,466
  • Year Built
  • 1915
  • Taxes
  • $ 5631
  • Style
  • Single Family
  • MLS#
  • 7122163
Listed By: Compass
Data Source: Northstar MLS (NSTAR)

Features

General

Sewer City Sewer - In Street
Heating None
Cooling None
Roof Asphalt,Pitched
Pool Features None
Construction Materials Frame
Year Built 1915
Levels Two
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Hennepin
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Auditors Sub 135
Full Baths 2
Directions Water Street,North on 2nd Street,right on Center Street,left on First Street. Home is second to last home on right.
City Excelsior
High School District Minnetonka
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 5631
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
PostalCity Excelsior

Interior Features

Basement Full
Basement (Y/N) Yes
Fireplace Y/N No
Total Bedrooms 3
Total Baths 2
Fuel Natural Gas

Exterior Features

Parking Features Gravel,Asphalt,Driveway - Other Surface
Water Source City Water - In Street
Lot Size Area 0.06
Building Area Total 2316
Lot Dimensions 75x36x75x36
Waterfront Y/N No
Foundation Area 733
Road Frontage Type Curbs,Paved Streets,Sidewalks,Storm Sewer
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/17/2026 Listed $599,900
9/25/2026 5% - $574,900

Property vs Zip Code Average in 55331

Price
AVG $1.93M
$570K
Taxes
AVG $13,382
$5,631
Year Built
AVG 1996
1915
Visits
AVG 179
44
Data Provided by Inside Real Estate®

111 1st Street Excelsior, MN is a Single Family Home for sale at $574900 with 1466 sqft and a lot size of 0.06 Acres Acre(s). 111 1st Street Excelsior has 3 bedrooms, 2 baths and was built in 1915. The property's zip code is 55331 which is in Excelsior, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.