Browse All Excelsior MN Between $500K - $600K Properties for Sale

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..

$600,000

3 Beds ⋅ 2 Baths ⋅ 7108430 MLS

Welcome to 4305 Cottagewood Ct, located in the highly sought-after Woodland Cove neighborhood just moments from the shores of Lake Minnetonka. This charming 3BD/2BA home delivers true main level living in a meticulously maintained 2018 build — all the appeal of nearly new construction with none of the wait. Thoughtfully designed and well appointed throughout, the open floor plan spans 1,800 sq ft and flows effortlessly from living spaces to a stunning deck surrounded by beautiful, mature landscaping — perfect for relaxing or entertaining. The unfinished basement arrives already plumbed for a bathroom, offering incredible potential to add value and square footage on your timeline. Woodland Cove residents enjoy an exceptional lifestyle with resort-style shared amenities including a sparkling pool, clubhouse, recreation area, pickleball courts, and scenic walking trails — all just minutes from everything Lake Minnetonka has to offer. Homes like this don't last. Schedule your showing today.

4305 Cottagewood Court, Excelsior

Listing courtesy of Edina Realty, Inc..

$550,000

3 Beds ⋅ 2 Baths ⋅ 7101798 MLS

Rare one level living in sought-after Woodland Cove! Homes like this are very hard to find. Built in 2021, this beautifully maintained property sits in a vibrant, active community just steps from Lake Minnetonka, where you'll enjoy access to walking trails, pickleball courts, and a shared pool. You're also right across the street from Mackenthun's and Caribou Coffee, with a short commute to downtown Excelsior or Victoria. Step inside and you'll notice the abundance of windows that fill this home with natural light. The kitchen is open, functional, and loaded with cabinet space, plus a walk-in pantry and farmhouse sink. It flows right into the bright and sunny living room, complete with a gas fireplace and newly installed built-in soft close cabinetry. From the dining area, walk straight out to your oversized concrete patio surrounded by beautiful landscaping. Sitting on an oversized lot with nice separation from neighbors, this home offers a level of privacy that's hard to come by. It's the perfect spot to relax or entertain. The main floor primary suite features a massive walk-in closet, double stone vanity, and a fully tiled shower. Two additional bedrooms on the main level sit next to a full bathroom, ideal for guests or family. The mudroom off the two car garage is a true standout with laundry, a new drop zone cabinet, bench, cubbies, and hooks. It's the perfect storage and function space for everyday living. And don't miss the recently finished room above the garage. With a large attached closet, it makes an ideal workout room, office, or flex space. One level living like this is truly a rare find in Woodland Cove.

4649 Foxglove Drive, Excelsior

Listing courtesy of Coldwell Banker Realty.

$525,000

3 Beds ⋅ 3 Baths ⋅ 7072433 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..

$550,000

4 Beds ⋅ 2 Baths ⋅ 7093951 MLS

Nestled on a picturesque 1-acre corner lot in desirable Shorewood, this 4-bedroom, 2-bathroom home offers the perfect blend of comfort, space, and location. Surrounded by beautifully landscaped grounds, the property features a spacious deck and patio ideal for entertaining, a storage shed, and an attached two-car garage. The expansive, level yard provides endless possibilities—whether you envision a future swimming pool, backyard games, gardens, or a winter ice rink. Enjoy the privacy and tranquility of this exceptional setting while remaining close to everything the Lake Minnetonka area has to offer. Wonderful opportunity in the highly sought-after Minnetonka School District (Minnewashta Elementary), this home is just a short bike ride to charming downtown Excelsior. Explore local boutiques, restaurants, coffee shops, grocery stores, and Lake Minnetonka's vibrant waterfront lifestyle. Outdoor enthusiasts will love the nearby parks and easy access to miles of scenic trails along the Lake Minnetonka LRT Regional Trail. A rare opportunity to enjoy one-acre living in a premier location with outstanding schools, natural beauty, and convenient access to lakeside amenities.

5900 Afton Road, Excelsior

Listing courtesy of Edina Realty, Inc..

$519,999

3 Beds ⋅ 2 Baths ⋅ 7096016 MLS

Excelsior Opportunity – Location, Lifestyle & Potential! Don't miss this charming 3-bedroom, 2-bath home just a short walk from Downtown Excelsior and located in the highly acclaimed Minnetonka School District. This property offers comfortable living with two bedrooms and two full bathrooms on the main level, making it ideal for a variety of lifestyles. 0.46-acre lot with outstanding future potential. Oversized, insulated, and heated 3-car garage with high ceilings.Plenty of space for vehicles, recreational equipment, storage, or a workshop Enjoy the convenience of walking to Excelsior's vibrant downtown, featuring restaurants, breweries, boutiques, theaters, parks, trails, and beautiful Lake Minnetonka amenities. Whether you're looking for a place to call home, an investment property, or a lot to build your dream home in one of the area's most desirable locations, this property presents a unique opportunity. A rare chance to own an affordable property surrounded by higher-priced homes, offering both lifestyle appeal and long-term value.

5960 Grant Street, Excelsior

Listing courtesy of Bridge Realty, LLC.

$519,900

4 Beds ⋅ 3 Baths ⋅ 7095545 MLS

One-Owner Home – A Must-See in Excelsior! Nestled on a spacious over half-acre cul-de-sac lot, this beautifully maintained one-owner home offers an unbeatable location and exceptional value. Anderson windows and doors throughout. Enjoy being within walking distance to Minnetonka Middle School and charming downtown Excelsior, with miles of nearby trails, parks, and outdoor recreation. This move-in-ready home has been thoughtfully cared for and features a heated three season Sunroom boasting large windows, a new roof (2020) and Sela Gutters with a lifetime guarantee for added peace of mind. The lower level includes a dedicated workshop space that could easily be converted into a future 5th bedroom, home office, or flex room to suit your needs. Located in the highly sought-after award-winning Minnetonka School District and situated in Carver County, this property combines a prime location, generous lot size, and endless potential. Don't miss this rare opportunity to own a truly special home in one of the area's most desirable neighborhoods!

2041 W 65th Street, Excelsior

Listing courtesy of RE/MAX Advantage Plus.

$549,000

3 Beds ⋅ 3 Baths ⋅ 7072844 MLS

VISIONARY WANTED...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. SEE THIS property soon and enjoy the Lake Minnetonka lifestyle!

5200 Greenwood Circle, Excelsior

Listing courtesy of RE/MAX Advantage Plus.

$599,000

6 Beds ⋅ 4 Baths ⋅ 7079447 MLS

Exceptional investment and lifestyle opportunity in the heart of Shorewood! This outstanding duplex is ideally located just steps from the Lake Minnetonka Regional Trail, offering direct access into downtown Excelsior where you’ll enjoy restaurants, boutique shopping, and vibrant lake life year-round. Walk or bike to nearby Tonka Bay for additional dining favorites including Hazelwood and Joey Nova’s. Whether you’re an investor or owner-occupant, this property offers a rare income-producing opportunity with strong rental potential while enjoying one of Lake Minnetonka’s most desirable communities. Both units have been extensively updated and well maintained. Major exterior improvements completed in 2010 include new columns, shutters, paint, professional landscaping, and a 35-year Timberline roof. Recent 2026 updates bring a fresh, modern feel throughout with new carpet, luxury vinyl plank flooring, full interior paint, updated light switches, painted garage and utility floors, and new appliances. Additional mechanical updates include newer furnaces installed within the past five years, providing added efficiency and peace of mind. Enjoy low-maintenance ownership, thoughtful updates, and an unbeatable location near trails, dining, and the best of Lake Minnetonka living.

5570 & 5580 Shorewood Lane, Excelsior

Listing courtesy of Keller Williams Premier Realty Lake Minnetonka.

$599,500

7071235 MLS

This 1.8-acre property offers exceptional flexibility and investment potential. Nestled on a level, fully fenced lot just minutes from the Lake Minnetonka LRT Trail and vibrant downtown Excelsior. Lot can be split into two lots through a Minor Subdivision. Whether you're looking to build a custom home on a large estate or develop two individual residences, this property provides a rare opportunity. Located within the highly rated Minnetonka School District, this property offers the perfect blend of location, lifestyle, and long-term potential—just minutes from local dining, boutique shopping, and year-round community events.

24695 Glen Road, Excelsior

Listing courtesy of eXp Realty.

$599,000

7054352 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.

$550,000

4 Beds ⋅ 2 Baths ⋅ 7040729 MLS

New Price reduction! Steps from new multi million dollar new construction homes. RARE 1/3 acre flat lot perfect for backyard games or ice rink with award winning Minnetonka schools. Beautifully renovated open concept home sparing no expense in upgrades just move in and enjoy the summer lake life! Upgrades include granite counter tops, stainless steel appliances newer furnace, ac, driveway, fenced yard, heated garage and more. The lower level has a fourth bedroom/office and family room area giving you ample room for a game table or media area. Close to historic Excelsior with restaurants and boutiques. Enjoy now and expand later. A rare gem at this price point!

25835 Wild Rose Lane, Excelsior

Listing courtesy of BRIX Real Estate.

$550,000

7015097 MLS

Minnetonka Schools 1.23 acres. Home Package starting at 1.8. Close to Minnewashta Elementary. Working well is on the property. Colson Custom Homes has designed a home for the lot that includes a sport court pricing close to 2.1. The lot can also accommodate a pool.

25975 Wild Rose Lane, Excelsior

Listing courtesy of RE/MAX Advantage Plus.

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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 $500K - $600K Excelsior Real Estate

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