163 2nd Street, Excelsior, MN 55331 - MLS# 7158613
$1,799,000
Rare new construction in the heart of Excelsior—just blocks from The Port of Excelsior Lake Minnetonka, downtown dining, shops, Kowalski’s Market, Excelsior Commons, the beach, docks, and year-round recreation. Excelsior residents are eligible to apply for the City’s seasonal residential dock and mooring program, with additional private seasonal marina options nearby on Excelsior Bay.
Designed by renowned local design firm Rauscher & Associates, this custom-built, fully finished rambler combines refined luxury with effortless one-level living. Soaring vaulted ceilings and an open, light-filled floor plan lead to a dramatic statement fireplace and chef-inspired kitchen featuring quartz countertops, custom cabinetry, a walk-in pantry, and oversized island.
The main level includes a private primary suite with walk-in closet and beautifully appointed bath, dedicated office, and convenient laundry. The fully finished lower level offers a spacious family room, three additional bedrooms, and two bathrooms—ideal for guests, entertaining, work-from-home space, or multi-generational living.
Enjoy nearby regional trails toward Carver Park and everything that makes Excelsior one of Lake Minnetonka’s most desirable communities. A rare opportunity to pair the walkability and lake lifestyle of Excelsior with the comfort, quality, and sophistication of brand-new construction.
Interior Information
Size & Levels
Bathrooms
Rooms
Main Level Rooms
Lower Level Rooms
Exterior & Parking
Lot & Utilities
Financial & Tax Information
Neighborhood at a Glance
In this neighborhood, homes were most commonly built in 1939 or earlier, about 62% of occupied homes are owner-occupied, and the average commute is 27 minutes.
Cost of Ownership
Median home value
$955,700
Higher than the Twin Cities metro
The midpoint of estimated values for owner-occupied homes.
Median property taxes paid
$10,001/yr
Higher than the Twin Cities metro
The midpoint of annual property taxes paid by homeowners.
Typical monthly owner costs (with mortgage)
$3,097/mo
Higher than the Twin Cities metro
Median monthly housing costs for owners with a mortgage.
Typical monthly owner costs (no mortgage)
$1,501/mo
Higher than the Twin Cities metro
Median monthly housing costs for owners without a mortgage.
Median rent
$1,174/mo
Lower than the Twin Cities metro
The midpoint of monthly gross rent, including utilities.
Homes in the Area
Owner-occupied homes
62%
Lower than Twin Cities metro overall
The share of occupied homes lived in by their owners.
Median year built
1973
Similar to the Twin Cities metro
The midpoint of years when homes in the area were built.
Home age by decade
The share of homes built during each period.
- 2010-20198%
- 2000-200912%
- 1990-19995%
- 1980-198911%
- 1970-197915%
- 1960-196910%
- 1950-195912%
- 1940-19493%
- 1939 or earlier20%
Types of homes
The share of housing units in each building type.
- Single-family detached58%
- Townhome / attached6%
- 5+ units31%
Getting Around
Average commute
27 min
Higher than the Twin Cities metro
The average one-way travel time to work for commuters.
How people get to work
The share of workers using each listed way to get to work.
- Drive alone61%
- Work from home32%
Homes with broadband
98%
Similar than Twin Cities metro overall
The share of households with a broadband internet subscription.
