5200 Greenwood Circle, Excelsior, MN 55331
- $549,000
- 3
- BD
- 3
- BA
- 1,880
- SqFt
- List Price
- $549,000
- Price Change
- ▼ $30,000 1784244853
- Days on Market
- 48
- MLS#
- 7072844
- Status
- ACTIVE
- Type
- Single Family Residential
- Bedrooms
- 3
- Bathrooms
- 3
- Living Area
- 1,880
- Acres
- 0.34
- Subdivision
- Minnetonka Manor
- Year Built
- 1975
Property Description
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!
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Additional Information
- School District
- Minnetonka
- Amenities Unit
- Deck, Kitchen Window, Primary Bedroom Walk-In Closet, Main Floor Primary Bedroom, In-Ground Sprinkler
- Appliances
- Dishwasher, Dryer, Refrigerator, Washer
- Tax Year
- 2026
- Fuel
- Natural Gas
- Lot Description
- Tree Coverage - Medium
- Sewer
- City Sewer/Connected
- Roof
- Asphalt
- Air Conditioning
- Ductless Mini-Split
- Heating
- Boiler, Hot Water
- Water
- Well
- Basement
- Daylight/Lookout Windows, Finished, Full
- Parking
- Detached Garage
- Garage Spaces
- 2
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Listing courtesy of RE/MAX Advantage Plus.
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