Lori Gustafson

4770 Manitou Road

Excelsior, MN
$ 3,450,000 Beds 4 Baths 4.5 Sq 4,820
Monthly Estimate* How much can I afford?

Perfectly positioned on one of Lake Minnetonka's most desirable settings, this exceptional lakefront residence offers the rare combination of an outstanding on-and-off-the-water location, ideal elevation, and coveted main-level living. Set on .66 acres with 104 feet of beautiful lakeshore on Old Channel Bay with exceptional water quality, the property captures sweeping water views and beautiful summer sunsets from nearly every room. Thoughtfully designed for effortless everyday living and entertaining, the home features expansive gathering spaces, a luxurious main-level primary suite, additional ensuite bedroom, private office, upper-level guest accommodations, and a spacious lower level ready for future customization. Located in the desirable Minnetonka School District, this is a rare opportunity to enjoy a true Lake Minnetonka gem.

Single Family

  • Price
  • $ 3,450,000
  • City
  • Excelsior
  • Bedrooms
  • 4
  • Full Bathrooms
  • 4
  • County
  • HENNEPIN
  • Half Bathrooms
  • 1
  • Area
  • Richwood Add
  • Lot Size
  • 0.66 Acres
  • Zip
  • 55331
  • Sqr Footage
  • 4,820
  • Year Built
  • 1982
  • Taxes
  • $ 38435
  • Style
  • Single Family
  • MLS#
  • 7120864
Listed By: Edina Realty, Inc.
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 4820
Sewer City Sewer/Connected
Heating Forced Air,In-Floor Heating
Cooling Central Air
Roof Age Over 8 Years,Age 8 Years or Less,Asphalt,Flat
Appliances Air-To-Air Exchanger,Chandelier,Dishwasher,Disposal,Dryer,Exhaust Fan,Humidifier,Microwave,Range,Refrigerator,Washer,Water Softener Owned
Garage Spaces 3
Year Built 1982
Electric Circuit Breakers
Levels Two
Property Subtype Single Family
Tax Year 2026
Waterfront Features Dock,Lake Front,Lake View
Accessibility None
County Hennepin
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Richwood Add
Full Baths 2
Directions Hwy 7 or Co Rd 15 to Manitou Rd to home.
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 38435
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s),Dock,French Doors,Hardwood Floors,Kitchen Center Island,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Patio,Paneled Doors,Security System,Skylight,In-Ground Sprinkler,Tile
PostalCity Excelsior

Interior Features

Basement Block,Drain Tiled,Finished,Sump Pump
Total Fireplaces 3
Fireplace Features Family Room,Living Room
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 4020
Half Baths 1
3/4 Baths 2
Laundry Features Laundry Room,Main Level
Total Bedrooms 4
Below Grade Finished Area 800
Total Baths 5
Bath Desc Two Primary Baths,3/4 Basement,Double Sink,Bathroom Ensuite,Full Primary,His and Her Closets,Private Primary,Main Floor 1/2 Bath,Main Floor 3/4 Bath,Main Floor Full Bath,Separate Tub & Shower,Upper L
Dining Room Description Informal Dining Room,Separate/Formal Dining Room
Fuel Natural Gas
Garage Dimensions 24x36
Garage Square Feet 864
Waterfront Feet 104

Exterior Features

Parking Features Attached Garage,Asphalt,Floor Drain,Finished Garage,Garage Door Opener,Insulated Garage,Other
Lot Features Tree Coverage - Light
Water Source City Water/Connected
Lot Size Area 0.66
Building Area Total 5580
Lot Dimensions S110x240xL104x240
Waterfront Y/N Yes
Foundation Area 3320
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

8/3/2026 Listed $3,450,000

Property vs Zip Code Average in 55331

Price
AVG $1.93M
$3.45M
Taxes
AVG $13,382
$38,435
Year Built
AVG 1996
1982
Visits
AVG 179
32
Data Provided by Inside Real Estate®

Areas That We Cover

4770 Manitou Road Excelsior, MN is a Single Family Home for sale at $3450000 with 4820 sqft and a lot size of 0.66 Acres Acre(s). 4770 Manitou Road Excelsior has 4 bedrooms, 4 baths and was built in 1982. 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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