542 3rd Avenue - Photo 1
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542 3rd Avenue
542 3rd Avenue
542 3rd Avenue
542 3rd Avenue
542 3rd Avenue

542 3rd Avenue, Excelsior, MN 55331 - MLS# 7163286

MLS® #: 7163286|Days on Market: 5|Listed: Oct 23, 2026

$579,900

Bedrooms
4
Bathrooms
3
Square Feet
2,612
Year Built
1948
Property Type
Residential
Heating
Natural Gas, Forced Air
Cooling
Central Air
Days on Market
5
School District
276 - Minnetonka

Prime Excelsior location—walk to downtown, Lake Minnetonka, dining, shopping, parks, and trails.

This Minnetonka schools, Four-bedroom layout has flexible space for family, guests, or a home office.

Separate climate controlled studio/office ideal for remote work, fitness, or creative use.

Bright morning room off the kitchen for coffee, casual meals, or sunlit lounging. Walkout primary bedroom with direct access to the private backyard.

Large windows throughout for abundant natural light. Private fenced backyard perfect for entertaining, pets, and outdoor relaxation.

Adjacent to the new Mill Street pathway with access to regional trail networks. Move in ready with recent updates: new driveway, fresh paint, and new flooring.

Highly walkable neighborhood with the privacy of a backyard retreat. Enjoy year round Excelsior living close to the lake, recreation, and community events. Lots to like, you will not be disappointed.

542 3rd Avenue, Excelsior, MN 55331

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Interior Information

BasementBlock, Finished
AppliancesDryer, Range, Refrigerator, Washer
CoolingCentral Air
HeatingForced Air
FuelNatural Gas
Fireplaces2
Fireplace FeaturesBrick, Wood Burning
LaundryIn Basement
Dining RoomInformal Dining Room
Interior AmenitiesHardwood Floors, Main Floor Primary Bedroom, Patio, Washer/Dryer Hookup
ElectricCircuit Breakers

Size & Levels

LevelsTwo
Total Finished Sq Ft2,931 sq ft
Above Grade Finished2,196 sq ft
Below Grade Finished416 sq ft
Main Level Finished1,626 sq ft

Bathrooms

Full Baths2
1/2 Baths1
Bathroom Details1/2 Basement, Main Floor Full Bath, Upper Level Full Bath

Rooms

Main Level Rooms

Living Room22' x 15'
Family Room13' x 12'
Dining Room10' x 9'
Kitchen13' x 12'6"
Office13' x 9'6"
Bedroom11'8" x 10'
Bedroom 214' x 12'

Upper Level Rooms

Bedroom 310'6" x 12'
Bedroom 413' x 10'

Lower Level Rooms

Family Room13' x 13'
Laundry8' x 8'

Exterior & Parking

ExteriorCedar
ConstructionFrame
RoofAge Over 8 Years
FoundationBlock
Patio / PorchPatio
ParkingAsphalt

Lot & Utilities

Property SubtypeSingle Family
Lot Size11,326 square feet
Lot Dimensions128x91x129x86
ZoningResidential-Single Family
SubdivisionJones & Galpins Add & Sub Galpins
TownshipExcelsior
CountyHennepin
SewerCity Sewer/Connected
WaterCity Water/Connected
Road FrontageCity Street

Financial & Tax Information

Annual Taxes$5,602
Tax Year2026
Tax w/ Assessments$5,602
Assessment PendingNo
Parcel Number3511723230046
List TypeExclusive Right To Sell

Location

Call 612-356-2121For Showings and Questions

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.

Estimates for the surrounding census tract, not this specific home.

Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Schools

Minnetonka Public School District

This home is in the Excelsior Elementary, Minnetonka West Middle and Minnetonka Senior High attendance areas of Minnetonka Public School District.

Elementary

Excelsior Elementary

Grades K-5 · 0.3 mi away

Enrollment
707
Students per teacher
12.9

441 Oak St, Excelsior, MN 55331

(952) 401-5650

Middle

Minnetonka West Middle

Grades 6-8 · 1.3 mi away

Enrollment
1,297
Students per teacher
16

6421 Hazeltine Blvd, Excelsior, MN 55331

(952) 401-5300

High

Minnetonka Senior High

Grades 9-12 · 2.6 mi away

Enrollment
3,514
Students per teacher
19

18301 Hwy 7, Minnetonka, MN 55345

(952) 401-5700

School assignments can change. Verify enrollment with Minnetonka Public School District.

Sources: Minnesota Department of Education attendance areas (2025-26); NCES Common Core of Data 2024 via the Urban Institute Education Data Portal.

Broker Reciprocity logo
Listed by: Coldwell Banker Realty
Source: NorthstarMLS

Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. 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, Inc. Real estate listings held by brokerage firms other than Pederson Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.