Lori Gustafson

5200 Greenwood Circle

Excelsior, MN
$ 498,000 Beds 3 Baths 2.5 Sq 1,880
Monthly Estimate* How much can I afford?

A SMART START near Historic Excelsior! This 3-bedroom home offers an affordable opportunity to enter the Lake Minnetonka area, build sweat equity, and make this home your own. Set among mature trees next to the regional trail, it is just a short walk or bike ride to Maynards, Excelsior Commons with beach - bandshell, shopping, dining, the library, and all the year-round activities the Lake Minnetonka area has to offer. The home features a private wooded setting, oversized 25x21 garage, large entertaining deck, backyard firepit area, and a flexible floor plan. The main level includes a primary suite with a private ¾ bath and walk-in closet. The walkout lower level offers two additional bedrooms, a full bath, and a spacious amusement room with bar area. Fresh interior paint and new carpeting provide a head start; buyers can do additional updating at their leisure to accommodate their desires. Bring your ideas and create value in a neighborhood surrounded by significantly higher-priced homes. Pre-listing inspection report is available in MLS supplements; buyers are encouraged to review it before submitting an offer. A rare chance to enjoy the Excelsior and Lake Minnetonka lifestyle at an attractive price! See it soon...

Single Family

  • Price
  • $ 498,000
  • City
  • Excelsior
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • HENNEPIN
  • Half Bathrooms
  • 1
  • Area
  • Minnetonka Manor
  • Lot Size
  • 0.34 Acres
  • Zip
  • 55331
  • Sqr Footage
  • 1,880
  • Year Built
  • 1975
  • Taxes
  • $ 4783
  • Style
  • Single Family
  • MLS#
  • 7117344
Listed By: RE/MAX Advantage Plus
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1880
Sewer City Sewer/Connected
Heating Boiler,Hot Water
Cooling Ductless Mini-Split
Roof Asphalt
Appliances Dishwasher,Dryer,Refrigerator,Washer
Garage Spaces 2
Year Built 1975
Electric Circuit Breakers
Levels Split Entry (Bi-Level)
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Hennepin
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Minnetonka Manor
Full Baths 1
Directions Mtka Blvd to Greenwood Circle
City Excelsior
High School District Minnetonka
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 4783
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Deck,Kitchen Window,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,In-Ground Sprinkler
PostalCity Excelsior

Interior Features

Basement Daylight/Lookout Windows,Finished,Full
Total Fireplaces 1
Fireplace Features Gas,Living Room
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 990
Half Baths 1
3/4 Baths 1
Laundry Features Lower Level
Total Bedrooms 3
Below Grade Finished Area 890
Total Baths 3
Bath Desc 3/4 Primary,Full Basement,Main Floor 1/2 Bath
Dining Room Description Living/Dining Room
Fuel Natural Gas
Garage Dimensions 25 x 21
Garage Square Feet 525

Exterior Features

Parking Features Detached Garage
Lot Features Tree Coverage - Medium
Water Source Well
Lot Size Area 0.34
Building Area Total 1980
Lot Dimensions 132 x 104 x 151 x 108
Waterfront Y/N No
Foundation Area 990
Road Frontage Type City Street
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/1/2026 Listed $549,000
8/10/2026 5% - $525,000
8/28/2026 6% - $498,000

Property vs Zip Code Average in 55331

Price
AVG $1.96M
$500K
Taxes
AVG $13,765
$4,783
Year Built
AVG 1995
1975
Visits
AVG 192
38
Data Provided by Inside Real Estate®

Areas That We Cover

5200 Greenwood Circle Excelsior, MN is a Single Family Home for sale at $498000 with 1880 sqft and a lot size of 0.34 Acres Acre(s). 5200 Greenwood Circle Excelsior has 3 bedrooms, 2 baths and was built in 1975. The property's zip code is 55331 which is in Excelsior, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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