#6697397, Listing office: Counselor Realty, Inc.
$649,900 List price
88 1st St Excelsior, MN 55331
Land
Property details
About 88 1st St
Rare opportunity to build a new home on one of the best available lots in the coveted Heart of Excelsior or buy and hold as an investment. This prime wide open corner lot offers expansive unobstructed views across Excelsior Commons Park with Lake Minnetonka just a few steps away and right outside the door of your future home. Enjoy all the public amenities and zero HOA fees including 2 swimming beaches, playground, tennis courts, basketball, baseball, kayaking, grilling, fishing, fireworks on the 4th, or just relax by the open firepits and relish live music at the park bandshell, plus much more. All this and located within the award-winning Minnetonka Schools and Excelsior Elementary, walking distance to historic Water Street boasting numerous shops and fine dining experiences, easy access to Lake Minnetonka LRT Reginal Trail system. In addition, Excelsior residents are eligible for boat slips or sailboat mooring buoys via the city dock program waiting list. Note the previous home has already been demolished and removed from the site saving you substantial $$$ in demolition costs. Open to any builder. Do not delay!
Highlights
Home typeOther
StatusActive
MLS #6764346
WaterfrontLake, Other
Summary
- Waterfront: Lake, Other
- List Price: $649,900
- HOA Amount: $0
- Annual Tax Amount: $7,635
- Tax Year: 2023
- Directions: On the corner of West Lake Street and 1st Street. Across from Excelsior Park north of town.
- MLS Number: 6764346
- MLS Name: NORTHSTAR
- Office Name: United Real Estate Twin Cities
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 07, 2023 | Home Sold | $536,000 |
| Nov 08, 2019 | Home Sold | $500,000 |
| Feb 08, 2018 | Home Sold | $375,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $554,000 | $7,635 |
History based on county public records data.
Nearby schools
9
Excelsior Elementary
Public District KG-5
0.6 mi
•441 Oak St
9
Minnewashta Elementary
Public District KG-5
2.3 mi
•26350 Smithtown Rd
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 $70,833. Typical income of Excelsior, MN residents is between $35k-100k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
17%
<35k
52%
35k-100k
18%
100k-200k
13%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
53%
Single, No Kids
7%
Single, with Kids
26%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
8%
12-17 yrs old
17%
18-34 yrs old
49%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Symphony or Opera
Hiking/backpacking
PGA/LPGA
Where do the neighbors shop?
Chico's
Nordstrom Rack
Stein Mart
Where do the neighbors go to eat?
Boston Market
Chipotle
Bonefish Grill
What do the neighbors drive?
Volvo
Mazda
Lincoln
What do the neighbors listen to?
Talk/Personality
Rock
Classical
All data provided by Home Junction and Claritas
Similar homes for sale
#6641411, Listing office: Coldwell Banker Realty
Frequently asked questions
About 88 1st St
The listing price of 88 1st St property is $649,900.
The property 88 1st St is land located in Excelsior, Minnesota, 55331.
Active Listing: 88 1st St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 88 1st St are: Excelsior Elementary (GreatSchools Rating 9/10), Minnewashta Elementary (GreatSchools Rating 9/10), Deephaven Elementary (GreatSchools Rating 8/10), Minnetonka Middle School West (GreatSchools Rating 9/10), Minnetonka Middle School East (GreatSchools Rating 9/10), West Middle School (GreatSchools Rating 8/10), Minnetonka High School (GreatSchools Rating 10/10), Chanhassen High School (GreatSchools Rating 8/10), Eden Prairie High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2023 is $7,635 (source: MLS/based on county public records data).
The last sale was on September 7, 2023 for $536,000 (source: MLS/tax record).
This home is located at 88 1st St in Excelsior, MN and zip code 55331 in the Lower Lake South neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 30, 2025 and is currently priced at $649,900.
While more than 10 listings in Excelsior, MN in July 2025 were sold above asking price, there were more than 8 listings sold at asking price, and more than 20 were sold below. The number of homes for sale in Excelsior, MN decreased by 0.5% between June and July 2025. In July 2025 median list price was $795,000 and the average listing age was 29 days.
From Rocket Homes Real Estate and based on county public records data.