Browse All Excelsior MN Between $400K - $500K Properties for Sale

Location, location- close to Excelsior and Deephaven across from St Albans Bay Road. The home has been well maintained and lots of possibilities. Flooring allowance for lower level family room and flex room. Enjoy the large open kitchen and spacious dining room. Sunny large main level living room overlooks large front green space. 2 bedrooms on main level with shared walk in closet. Cozy lower level family room with fireplace. An additional bedroom and office/flex space available in the lower level. Great backyard deck ready to entertain.

4955 Saint Albans Bay Road, Excelsior

Listing courtesy of RE/MAX Advantage Plus.

$450,000

7162796 MLS

Existing home likely a tear down or rehab. 98x128, flat backyard, with woods behind the lot line adding privacy. Exciting opportunity minutes to the heart of Excelsior. Unlock the full potential of this prime Shorewood address, Nestled on Echo Road in one of the Twin Cities' most sought-after communities, this property offers a rare chance to renovate an existing home or build your dream residence from the ground up- all in a location that is hard to beat.

5690 Echo, Excelsior

Listing courtesy of Edina Realty, Inc..

$450,000

3 Beds ⋅ 3 Baths ⋅ 7162793 MLS

RARE OPPORTUNITY MINUTES TO THE HEART OF EXCELSIOR Unlock the full potential of this prime Excelsior address. Nestled on Echo Road in one of the Twin Cities' most sought-after communities, this property offers a rare chance to renovate an existing home or build your dream residence from the ground up all in a location that's truly hard to beat. Situated just minutes from the charming shops, restaurants, bike paths, and lakefront of downtown Excelsior, and with easy access to Lake Minnetonka and several marinas, this is the kind of address buyers wait years for. The established neighborhood features mature trees, generous lot sizes, and a quiet, residential feel that perfectly balances convenience with tranquility. Located in the top-rated Minnetonka School District. Whether you're an investor, builder, or buyer with a vision, the bones are here - bring your plans and make it your own. Properties in this corridor don't come available often, and with comparable homes on Echo Road commanding strong values, the upside is undeniable. Priced for opportunity. Sold as-is. Schedule your showing today.

5690 Echo Road, Excelsior

Listing courtesy of Edina Realty, Inc..

$499,900

3 Beds ⋅ 3 Baths ⋅ 7155943 MLS

Re-Introducing 5905 Country Club Rd! Set on a rare and exceptionally private 0.93-acre lot in one of the area’s most sought-after locations, this one-owner custom home presents a unique opportunity to own a property offering the ideal combination of location, lot size, and long-term potential. Whether you are looking to renovate and build equity over time or simply secure an exceptional homesite in a premier setting, this property offers outstanding value and versatility. Offering approximately 2,400 finished square feet, the home features 3 main-level bedrooms, including a private primary suite with a ¾ bath, hardwood floors, an oversized heated garage, solid mechanical systems, and the kind of quality construction and “good bones” that are becoming increasingly difficult to find. Move in and make thoughtful updates over time, pursue a larger renovation project, or customize the home to better suit your lifestyle and vision. For those considering future improvements, the nearly one-acre setting provides exceptional space and flexibility to explore a variety of possibilities. The unique layout of the property, combined with private side street access from Ridge Point Circle, may offer additional advantages for buyers seeking to thoughtfully maximize the site over time. Enjoy a peaceful and private backyard setting surrounded by mature trees, nearby parks and trails, and convenient access to Lake Minnetonka, downtown Excelsior, Minnesota, USA, Hazelwood Food and Drink, shopping, dining, and all within the highly regarded Minnetonka Public Schools district. Recent capital improvements include a new roof (2020), driveway base and apron improvements (2020 & 2024), new A/C (2023), and a recently replaced furnace heat exchanger. City sewer is connected, and fiber internet service is expected to be available nearby in the near future. A truly rare opportunity to secure a premier lot and create something special in one of the west metro’s most desirable communities.

5905 Country Club Road, Excelsior

Listing courtesy of Coldwell Banker Realty.

$458,000

7152909 MLS

TEAR ME DOWN...or Bring Me Back to Life! Opportunity knocks in one of the Lake Minnetonka area's most desirable locations. Whether you're looking for a renovation project, investment opportunity, or future building site, this 3-bedroom home offers exceptional potential just a short walk from Historic Excelsior. Nestled among mature trees and next to the regional trail system, you'll enjoy easy access to Maynards, Excelsior Commons, Lake Minnetonka, shopping, dining, the library, and all the charm and activities that make Excelsior such a sought-after destination. The home features a private wooded setting, oversized 25x21 garage, expansive deck for entertaining, backyard firepit area, and a functional floor plan with plenty of space to reimagine. The main level includes a primary suite with a private ¾ bath and walk-in closet, while the walkout lower level offers two additional bedrooms, a full bath, and a large amusement room with bar area. Recent improvements include fresh interior paint and new carpeting, but buyers should expect repairs, deferred maintenance, and the need for cosmetic updating throughout. This is not a turnkey property and is being offered as an opportunity for someone with vision to build equity in a neighborhood surrounded by significantly higher-priced homes. The true value lies in the location, privacy, walkability, and potential. Rarely does a property in this setting become available at such an attractive price point. Renovate, refresh, expand, or rebuild—the choice is yours. Pre-listing inspection report available in MLS supplements. Buyers are encouraged to review the report prior to submitting an offer.

5200 Greenwood Circle, Excelsior

Listing courtesy of RE/MAX Advantage Plus.

$499,900

7120852 MLS

An Exceptional Opportunity in the Heart of Shorewood… You don’t come across opportunities like this often. Nestled on just over an acre in the highly desirable Shorewood, this prime parcel is already positioned for success, with medium-high density zoning and previous city-approved preliminary plat and concept plans for six single-family homes. The vision is in place. The groundwork has been laid. Now it’s simply waiting for the right builder or developer to bring it to life. With utilities readily available and much of the entitlement process already completed, you’re stepping into a project where the heavy lifting has been done, allowing you to focus on execution and maximizing potential. And the location… it truly speaks for itself. Backing directly up to Gideon Glen Park, you’ll love the natural surroundings and added green space this setting provides. Positioned across the street from the prestigious Minnetonka Country Club neighborhood, this location offers a sense of established luxury and community. You’re also just steps from your morning coffee at Caribou Coffee and outdoor recreation at Badger Park, making everyday living incredibly convenient and connected. Beyond the immediate surroundings, enjoy close proximity to the shores of Lake Minnetonka, where boating, dining, and year-round recreation create an unmatched lifestyle. Spend afternoons at Excelsior Commons, explore the charming shops and restaurants in Excelsior, or unwind with dinner and lake views at Maynards. With easy access to Minnesota State Highway 7, you’re seamlessly connected to the greater Twin Cities while still enjoying the tranquility of a premier lakeside community. Whether you’re looking to build and sell, create a boutique villa community, or invest in a high-demand area, this is your chance to step into a project with momentum already on your side. Opportunities like this are rare… now it’s your turn to bring it home.

24560 Smithtown Road, Excelsior

Listing courtesy of eXp Realty.

$499,900

6697397 MLS

Build your new construction home here! Live the dream in downtown Excelsior. Walking distance to Excelsior Connons Park, swimming beach, tennis courts, city docks on Lake Minnetonka. All the Village shops on Water Street. Regional trail to Carver Park & Hopkins. Kowalski's market four blocks away.

151 Bell Street, Excelsior

Listing courtesy of Counselor Realty, Inc..

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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Between $400K - $500K Excelsior Real Estate

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Browse All Excelsior MN Between $400K - $500K Properties for Sale

Between $400K - $500K Excelsior Real Estate

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