$5,639 Closing Credit¹
#6673152, Listing Office: Coldwell Banker Realty
$500,000 List price
550 Wheeler Dr Excelsior, MN 55331
$5,938
Closing credit¹
4 beds
2 full
1,790 sqft
$279 / sqft
House
Property details
About 550 Wheeler Dr
This home has all the charm you would expect to find in the village of Excelsior. Classic architecture meets today’s style of living with an open and flexible floor plan! At the center of it all is the stunning 8-foot island kitchen—truly the heart of the home—offering ample seating. The open concept allows the dining area to easily double as a cozy family room. The kitchen features stainless appliances, stainless hood, tile backsplash that extends up to the ceiling and granite countertops. Slide open the barn door to reveal a hidden gem: a spacious butler’s pantry completes with shelving, drawer storage, and room for small appliances. In-ceiling lighting ensures light, bright spaces and the cozy gas fireplace with stone surround anchors the living room. There are two main level bedroom possibilities and two bedrooms on the upper level. Two full baths, one on the main and one on the upper, feature updated vanities and fixtures. The lower level is an unfinished blank canvas, perfect for future expansion. Step outside to the patio and fenced backyard ideal for relaxing or entertaining. When you're ready to explore, you're just a short walk from all the charm and excitement of downtown Excelsior. From Music in the Park to Apple Days, the Art Fair, and the beloved 4th of July celebration, there’s always something happening just minutes from your doorstep. Minnetonka schools too! Don’t miss this opportunity to live in this coveted Lake Minnetonka community!
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusActive
CoolingCentral Air
Size1,790 sqft
BasementYes
Year built1957
ParkingAttached Garage, Asphalt, Garage Door Opener
MLS #6716739
Attached garage1 space
FireplaceGas, Living Room
Summary
- Full Bathrooms: 2
- Appliances: Dishwasher, Dryer, Exhaust Fan, Humidifier, Gas Water Heater, Range, Refrigerator, Stainless Steel Appliances, Washer
- Basement: Yes
- Fireplace: Gas, Living Room
- Total Bedroom Count: 4
- Garage Space: 1 space
- Attached Garage: Yes
- Parking: Attached Garage, Asphalt, Garage Door Opener
- Heating: Forced Air
- Cooling: Central Air
- List Price: $500,000
- Price/SqFt: $279
- HOA Amount: $0
- Annual Tax Amount: $5,566
- Tax Year: 2023
- Directions: Hwy 7, South on Mill Street, East on Wheeler
- Year Built: 1957
- Living Area: 1,790 SqFt
- MLS Number: 6716739
- MLS Name: NORTHSTAR
- Office Name: Edina Realty, Inc.
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$500,000
550 Wheeler Dr
$5,938
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 31, 2018 | Home Sold | $360,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $456,300 | $5,566 |
| 2022 | $426,000 | $5,061 |
| 2021 | $371,000 | $4,796 |
| 2020 | $361,000 | $4,651 |
| 2019 | $332,270 | $4,487 |
| 2018 | $330,090 | $4,457 |
| 2017 | $247,250 | $3,356 |
History based on county public records data.
Nearby schools
9
Excelsior Elementary
Public District KG-5
0.4 mi
•441 Oak St
8
Clear Springs Elementary
Public District KG-5
2.4 mi
•5701 County Road 101
8
Deephaven Elementary
Public District KG-5
2.5 mi
•4452 Vinehill Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $65,625. The most common annual income of people living in Excelsior, MN is between $35k-100k. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
27%
<35k
41%
35k-100k
18%
100k-200k
14%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
53%
Single, No Kids
8%
Single, with Kids
24%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
6%
12-17 yrs old
22%
18-34 yrs old
45%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
Symphony or Opera
Continuing Education Courses
Hiking/backpacking
Where do the neighbors shop?
Chico's
Express/Express For Men
Nordstrom Rack
Where do the neighbors go to eat?
Boston Market
Qdoba
Chipotle
What do the neighbors drive?
Volvo
Volkswagen
Mazda
What do the neighbors listen to?
Talk/Personality
Urban Contemporary
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 550 Wheeler Dr
The listing price of 550 Wheeler Dr property is $500,000.
The property 550 Wheeler Dr is a house located in Excelsior, Minnesota, 55331.
Active Listing: 550 Wheeler Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 550 Wheeler Dr are: Excelsior Elementary (GreatSchools Rating 9/10), Clear Springs Elementary (GreatSchools Rating 8/10), Deephaven Elementary (GreatSchools Rating 8/10), Minnetonka Middle School West (GreatSchools Rating 9/10), Minnetonka Middle School East (GreatSchools Rating 9/10), Central Middle School (GreatSchools Rating 5/10), Minnetonka High School (GreatSchools Rating 10/10), Eden Prairie High School (GreatSchools Rating 8/10), Chanhassen High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2023 is $5,566 (source: MLS/based on county public records data).
The last sale was on January 31, 2018 for $360,000 (source: MLS/tax record).
The property at 550 Wheeler Dr has 4 bedrooms and 2 bathrooms.
The property 550 Wheeler Dr is 1,790 SqFt (source: MLS/tax record).
The year of construction for 550 Wheeler Dr is 1957.
This home is located at 550 Wheeler Dr in Excelsior, MN and zip code 55331. This 1,790 square foot home was built in 1957. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 7, 2025 and is currently priced at $500,000.
While more than 10 listings in Excelsior, MN in April 2025 were sold above asking price, there were more than 11 listings sold at asking price, and more than 12 were sold below. The inventory of homes for sale in Excelsior, MN between March and April 2025 increased by 25.5%. The median list price of listings available in April 2025 was $795,000, while the average time on the real estate market was 36 days.
From Rocket Homes Real Estate and based on county public records data.