35 Center Street Excelsior, MN 55331

$795,000
Active
estimated monthly payment
4 Beds  |  3 Baths  |  1,531 Sq Ft  |  Single Family  |  MLS # 7057500
  • Positioned just one street from the Port of Excelsior and the sparkling shores of Lake Minnetonka! With stunning lake views, this is a truly rare offering in one of the area’s most sought-after locations!
    Positioned just one street from the Port of Excelsior and the sparkling shores of Lake Minnetonka! With stunning lake views, this is a truly rare offering in one of the area’s most sought-after locations!
  • The opportunity here is all about setting and potential, whether refreshed into an elevated residence or completely reimagined as a new build.
    The opportunity here is all about setting and potential, whether refreshed into an elevated residence or completely reimagined as a new build.
  • The property provides a highly flexible footprint with fully pre-approved plans already in place, if desired.
    The property provides a highly flexible footprint with fully pre-approved plans already in place, if desired.
  • The welcoming sunroom entry with a wood-burning fireplace creates a cozy first impression.
    The welcoming sunroom entry with a wood-burning fireplace creates a cozy first impression.
  • The existing home offers a classic layout with 4 bedrooms and 3 bathrooms, designed for easy everyday living and comfortable entertaining.
    The existing home offers a classic layout with 4 bedrooms and 3 bathrooms, designed for easy everyday living and comfortable entertaining.
  • Easy, functional flow designed for everyday comfort.
    Easy, functional flow designed for everyday comfort.
  • Hardwood floors, natural light, and connected gathering spaces.
    Hardwood floors, natural light, and connected gathering spaces.
  • The perfect backdrop for quiet evenings or entertaining guests.
    The perfect backdrop for quiet evenings or entertaining guests.
  • Sliding doors to the deck extend the main living space outdoors, blending indoor comfort with easy outdoor access.
    Sliding doors to the deck extend the main living space outdoors, blending indoor comfort with easy outdoor access.
  • The dining area is perfectly suited for hosting or casual daily meals.
    The dining area is perfectly suited for hosting or casual daily meals.
  • The walk-through kitchen features generous cabinetry, counter space, and a large pantry closet for practical everyday living.
    The walk-through kitchen features generous cabinetry, counter space, and a large pantry closet for practical everyday living.
  • Designed with functionality in mind, the kitchen connects effortlessly to the main living and dining areas for an open, connected feel.
    Designed with functionality in mind, the kitchen connects effortlessly to the main living and dining areas for an open, connected feel.
  • A conveniently located main-level bedroom.
    A conveniently located main-level bedroom.
  • Just steps from a nearby full bathroom.
    Just steps from a nearby full bathroom.
  • Upstairs includes three well-sized bedrooms, all with timeless wood flooring.
    Upstairs includes three well-sized bedrooms, all with timeless wood flooring.
  • First upper level bedroom with plenty of natural light!
    First upper level bedroom with plenty of natural light!
  • Second upper level bedroom with built-in organization for added character.
    Second upper level bedroom with built-in organization for added character.
  • Third upper-level bedroom with large closet space.
    Third upper-level bedroom with large closet space.
  • Centrally located full bathroom.
    Centrally located full bathroom.
  • Versatile den space for office, reading nook, or extra storage.
    Versatile den space for office, reading nook, or extra storage.
  • The lower level adds even more opportunity with a walkout family room.
    The lower level adds even more opportunity with a walkout family room.
  • Existing 3/4 bathroom, along with nearby laundry area with double-basin utility sink, and substantial unfinished space for storage.
    Existing 3/4 bathroom, along with nearby laundry area with double-basin utility sink, and substantial unfinished space for storage.
  • From a development standpoint, this property truly stands out. An easement has already been secured for a future driveway and garage addition, significantly enhancing both value and usability.
    From a development standpoint, this property truly stands out. An easement has already been secured for a future driveway and garage addition, significantly enhancing both value and usability.
  • The groundwork for a full redevelopment has been completed, making this a fully de-risked, shovel-ready opportunity. Instead of navigating the typical 4–6 month entitlement process, you can move directly into a permit-ready project if desired.
    The groundwork for a full redevelopment has been completed, making this a fully de-risked, shovel-ready opportunity. Instead of navigating the typical 4–6 month entitlement process, you can move directly into a permit-ready project if desired.
  • All major approvals are already secured, including variances for setback and height, along with completed residential design review fully compliant with city architectural standards.
    All major approvals are already secured, including variances for setback and height, along with completed residential design review fully compliant with city architectural standards.
  • The package is comprehensive and ready to execute.
    The package is comprehensive and ready to execute.
  • MEP plans, architectural drawings, elevations, and curated finish selections are all included, allowing construction to begin immediately if desired!
    MEP plans, architectural drawings, elevations, and curated finish selections are all included, allowing construction to begin immediately if desired!
  • The existing home offers approximately 2,500 square feet, with approved plans to expand to roughly 3,500 square feet, configured for 4 bedrooms and 4 bathrooms.
    The existing home offers approximately 2,500 square feet, with approved plans to expand to roughly 3,500 square feet, configured for 4 bedrooms and 4 bathrooms.
  • With every major hurdle already cleared and design work fully completed, this is an exceptionally rare chance to step into a streamlined, high-upside property.
    With every major hurdle already cleared and design work fully completed, this is an exceptionally rare chance to step into a streamlined, high-upside property.
  • Premier Excelsior setting where lifestyle, location and opportunity all come together!
    Premier Excelsior setting where lifestyle, location and opportunity all come together!
  • Potential front elevation rendering!
    Potential front elevation rendering!
  • Lower level potential layout.
    Lower level potential layout.
  • Main and upper level potential layouts.
    Main and upper level potential layouts.

About The Listing

A rare opportunity to reimagine, renovate, or build new in one of Excelsior’s most sought-after locations. Positioned just one street from the Port of Excelsior with stunning lake views and the shores of Lake Minnetonka just steps away, the setting alone makes this an exceptional offering.

The property offers incredible flexibility whether you choose to bring your own vision to life, move forward with the fully approved proposed plans, or start fresh with a custom new build tailored to your exact specifications.

The current residence features a functional 4-bed, 3-bath layout with hardwood floors, abundant natural light, spacious living areas, and walkout access to back deck. A main-level bedroom paired with a nearby full bathroom offers added convenience and flexibility for guests, office space, or everyday living.

Upstairs includes three bedrooms plus a flexible den/office space, while the walkout lower level adds additional living space, 3/4 bathroom, and storage versatility.

An easement has already been secured for a future driveway and garage addition, significantly enhancing both value and usability!

What truly sets this property apart is the extensive redevelopment groundwork already completed. Fully approved plans, variances, design review, architectural drawings, MEP plans, and curated finish selections are included if desired, creating a streamlined, permit-ready opportunity in a premier Excelsior setting!


Listing courtesy of Cody Gladu, eXp Realty
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Property Details

Features

 
 
 
Property Type: Single Family
Status: Active
Contingency Type: None
Year Built: 1920
MLS #: 7057500
Bedrooms: 4
Square Feet: 1,531
Bathrooms (Full): 2
Price Per Square Foot: $519
Bathrooms (Half) : 0
Bathrooms (Three Quarters) : 1
Garage Spaces: 0
Parking Description: On-Street Parking Only
Sewer Description: City Sewer/Connected
Air Conditioning Type: Central Air
Water: City Water/Connected
Heat Type: Forced Air
Basement: Full, Unfinished, Walkout
Foundation Type: Block
Roof Description: Asphalt
Days On Market (Continuous): 0
Disability Features: None
Latest Update: 05/30/2026
List Date: 05/08/2026
Listing Agent ID: 502052549
Listing Office: eXp Realty
Listing Office ID: 26146
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Appliances: Chandelier, Dishwasher, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
Fireplace Features: Brick, Wood Burning
Laundry Features: Lower Level, Sink
Number of Fireplaces: 1
Exterior Features: Stucco
Fence: None
Lot Dimensions: 50 X 177
Lot Size: 0.2 Acres
Lot Features: Irregular Lot
View Description: Lake
Waterfront: Lake View
School District: Minnetonka
Tax Year: 2025
Estimated Taxes: $9,430
Contingency Type: None
City: Excelsior
Zip: 55331
County: Hennepin
Subdivision: Auditors Sub 135
State: MN
Listing last updated: 05/30/26

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