5150 Meadville Street, Excelsior, MN 55331

New Listing
$5,750,000
Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 4,698 Lot Size (sq. ft.): 17,424 Status: Active
Current Price: $5,750,000 List Date: 5/29/2026 Last Modified: 5/29/2026

Overview

Description

One of the finest lots on Lake Minnetonka, this extraordinary peninsula property offers breathtaking panoramic views spanning Excelsior Bay, Gideons Bay, Big Island, and the Lower Lake. A truly once-in-a-lifetime opportunity, the property features 240 feet of premier shoreline with two private docks and additional boat slips, creating the ultimate setting for boating, paddleboarding, waterskiing, and effortless lakefront living. Enjoy spectacular sunsets and front-row views of Excelsior’s Fourth of July fireworks from your own deck or patio. The charming existing home offers timeless lake character and comfortable living spaces ideal for year-round enjoyment or weekend retreats, while also presenting an exceptional opportunity to build a custom luxury estate and fully maximize the unmatched setting and panoramic views. Inside, the home features inviting living spaces with hardwood floors, beamed ceilings, a stone wood-burning fireplace, and walls of windows framing the stunning lake ...

Listing Details MLS# 7080605

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
Yes
Road Btwn WF & Home?
No
Waterfront Frontage
240
Waterfront Present
Yes
Year Built
1918
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
2
Bath Three Quarters
Yes
Bath Half
Yes
Main Floor Total SqFt
1587
Above Grd Total SqFt
3111
Below Grd Total SqFt
1587
Total SqFt
4698
Total Finished Sqft
3616.00
FireplaceYN
Yes
Lake/Waterfront Name
Minnetonka
Style
(SF) Single Family
Foundation Size
1587
Garage Stalls
2
Lot Dimensions
Irregular
Acres
0.4
Assessment Pending
No
Bath Quarter
0
Association Fee
0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Deck; Dock; Hardwood Floors; Kitchen Window; Paneled Doors; Panoramic View; Patio; Primary Bedroom Walk-In Closet; Washer/Dryer Hookup; Wet Bar Appliances: Cooktop; Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Assumable Loan: Not Assumable Basement: Concrete Block; Full; Sump Pump Bath Description: Main Floor Full Bath; Upper Level 3/4 Bath; Upper Level Full Bath; Private Primary; 1/2 Basement; Bathroom Ensuite Construction Materials: Block Construction Status: Previously Owned Dining Room Description: Informal Dining Room; Separate/Formal Dining Room Electric: Circuit Breakers Elevation Highpoint to Waterfront Slope: Gradual Exterior: Shakes Family Room Characteristics: Family Room; Main Level Fireplace Characteristics: Family Room; Stone; Wood Burning Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Lake Details: Sand Laundry: Laundry Room; Sink; Upper Level Lot Description: Accessible Shoreline; Island/Peninsula; Tree Coverage - Medium Parking Characteristics: Garage Door Opener; Storage Pool Description: None Road Responsibility: Public Maintained Road Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: Two Water: Well Waterfront View: Bay; Lake; Panoramic; North; South; West

Contract Information

Contingency
None
Original List Price
5750000
ListPrice
5750000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
5150
Street Name
Meadville
Street Suffix
Street
Postal City
Excelsior
County
Hennepin
State
MN
Zip Code
55331
Complex/Dev/Subdivision
Auditors Sub 141

Assessments

Tax With Assessments
29533
Assessment Balance
0

Building Information

Finished SqFt Above Ground
3111
Finished SqFt Below Ground
505

More Information

Lake Details

Lake Acres
14205
Lake Depth
113
Sand
Yes

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
20 x 23
Garage Square Feet
460
Garage Door Opener
Yes
Storage
Yes

Public Survey Info

Range#
23
Section#
26
Township#
117

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
LOT 195 AUDITOR'S SUBD. NO. 141
Listing City
Excelsior
Map Page
117
Municipality
Excelsior
School District
Minnetonka
School District Phone
952-401-5000
DNR Lake ID#
27013300
DNR Lake Classification
General Development
Zip Plus 4
8790
Property ID Number
2611723320010
Tax Year
2025
Tax Amount
29533
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
One of the finest lots on Lake Minnetonka, this extraordinary peninsula property offers breathtaking panoramic views spanning Excelsior Bay, Gideons Bay, Big Island, and the Lower Lake. A truly once-in-a-lifetime opportunity, the property features 240 feet of premier shoreline with two private docks and additional boat slips, creating the ultimate setting for boating, paddleboarding, waterskiing, and effortless lakefront living. Enjoy spectacular sunsets and front-row views of Excelsior’s Fourth of July fireworks from your own deck or patio. The charming existing home offers timeless lake character and comfortable living spaces ideal for year-round enjoyment or weekend retreats, while also presenting an exceptional opportunity to build a custom luxury estate and fully maximize the unmatched setting and panoramic views. Inside, the home features inviting living spaces with hardwood floors, beamed ceilings, a stone wood-burning fireplace, and walls of windows framing the stunning lake views. The main level includes a bedroom and full bath for added flexibility, while the upper level offers a private primary suite with ensuite bath, two additional bedrooms, a ¾ bath, and convenient upper-level laundry. Expansive outdoor decks and patios provide the perfect spaces for entertaining or relaxing along the water’s edge. Located just minutes from downtown Excelsior, enjoy convenient access to trails, boutique shopping, award-winning restaurants, and year-round community events in one of Lake Minnetonka’s most sought-after settings.
Directions
Minnetonka Blvd to Meadville to home.

Accessible

None
Yes

Acreage Information

Pasture Acres
0
Tillable Acres
0
Wooded Acres
0

Air Conditioning

Central Air
Yes

Amenities Unit

Deck
Yes
Dock
Yes
Hardwood Floors
Yes
Kitchen Window
Yes
Paneled Doors
Yes
Panoramic View
Yes
Patio
Yes
Primary Bedroom Walk-In Closet
Yes
Washer/Dryer Hookup
Yes
Wet Bar
Yes

Appliances

Cooktop
Yes
Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Assumable Loan

Not Assumable
Yes

Basement

Concrete Block
Yes
Full
Yes
Sump Pump
Yes

Bath Description

Main Floor Full Bath
Yes
Upper Level 3/4 Bath
Yes
Upper Level Full Bath
Yes
Private Primary
Yes
1/2 Basement
Yes
Bathroom Ensuite
Yes

Construction Materials

Block
Yes

Construction Status

Previously Owned
Yes

Dining Room Description

Informal Dining Room
Yes
Separate/Formal Dining Room
Yes

Electric

Circuit Breakers
Yes

Elevation Highpoint to Waterfront Slope

Gradual
Yes

Exterior

Shakes
Yes

Family Room Characteristics

Family Room
Yes
Main Level
Yes

Fireplace Characteristics

Family Room
Yes
Stone
Yes
Wood Burning
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Insurance Fee

Insurance Fee
0

Lake/Waterfront

Dock
Yes
Lake Front
Yes
Lake View
Yes

Laundry

Laundry Room
Yes
Sink
Yes
Upper Level
Yes

Lot Description

Accessible Shoreline
Yes
Island/Peninsula
Yes
Tree Coverage - Medium
Yes

Pool Description

None
Yes

Road Responsibility

Public Maintained Road
Yes

Sellers Terms

Cash
Yes
Conventional
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

Well
Yes

Waterfront View

Bay
Yes
Lake
Yes
Panoramic
Yes
North
Yes
South
Yes
West
Yes

Room Information

Room Name Dimensions Level
Amusement Room 17x14 Lower
Dining Room 15x9 Main
Family Room 35x12 Main
First (1st) Bedroom 15x10 Main
Flex Room 11x9 Lower
Fourth (4th) Bedroom 16x15 Upper
Kitchen 22x9 Main
Living Room 26x14 Main
Second (2nd) Bedroom 23x13 Upper
Third (3rd) Bedroom 16x17 Upper
IDX
Listing Office: RE/MAX Advantage Plus
Last Updated: May - 29 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

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