Lori Gustafson

163 2nd Street

Excelsior, MN
$ 1,850,000 Beds 4 Baths 3.5 Sq 2,633 Virtual Tour
Monthly Estimate* How much can I afford?

Rarely does new construction deliver such a compelling combination of refined luxury, effortless one-level living, and an exceptional Excelsior location. Inspired and designed by renowned local design firm Rauscher & Associates, this custom-built, fully finished rambler pairs elevated design with timeless sophistication just minutes from the shores of Lake Minnetonka. Step inside to soaring vaulted ceilings and a light-filled, open-concept floor plan that creates an immediate sense of space and elegance. At the heart of the home, a dramatic statement fireplace wall anchors the main living area, while the chef-inspired kitchen is designed to impress with quartz countertops, custom cabinetry, a walk-in pantry, and an oversized island equally suited for casual mornings and memorable gatherings. The main-level primary suite is a private retreat, complete with a spacious walk-in closet and beautifully appointed bath. A dedicated home office and convenient main-floor laundry add the thoughtful functionality and ease of living expected in a home of this caliber. The fully finished lower level offers exceptional flexibility, featuring a generous family room, three additional bedrooms, and two bathrooms. Whether hosting overnight guests, creating additional work-from-home space, entertaining, or accommodating multi-generational living, there is room to make it your own. Beyond the home itself is one of its greatest luxuries: the ability to truly embrace the Excelsior lifestyle. Leave the car behind and stroll to lakeside dining, the charming shops of the Village, and Kowalski’s Market just four blocks away. Connect to the nearby regional trail toward Carver Park, or spend the day at Excelsior Commons enjoying the beach, docks, tennis courts, and year-round recreation along the shores of Lake Minnetonka. More than a beautiful new home, this is an opportunity to enjoy the best of Excelsior without sacrificing the comfort, quality, and sophistication of brand-new construction. In a community where new-build opportunities are increasingly rare, this exceptional home and location are truly set apart.

Single Family

  • Price
  • $ 1,850,000
  • City
  • Excelsior
  • Bedrooms
  • 4
  • Full Bathrooms
  • 3
  • County
  • HENNEPIN
  • Half Bathrooms
  • 1
  • Area
  • Auditors Sub 135
  • Lot Size
  • 0.18 Acres
  • Zip
  • 55331
  • Sqr Footage
  • 2,633
  • Year Built
  • 2026
  • Taxes
  • $ 9186
  • Style
  • Single Family
  • MLS#
  • 7126003
Listed By: eXp Realty
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 2633
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Architectural Shingle
Appliances Air-To-Air Exchanger,Cooktop,Dishwasher,Dryer,Exhaust Fan,Gas Water Heater,Microwave,Refrigerator,Stainless Steel Appliances,Wall Oven,Washer
Garage Spaces 2
Construction Materials Concrete,Frame
Year Built 2026
Electric 200+ Amp Service
Levels One
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Hennepin
New Construction Yes
Property Type Residential
HOA No
Contingency None
Subdivision Name Auditors Sub 135
Full Baths 2
Directions Hwy 7 to 2nd Street,continue on 2nd St,House on Right
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 9186
Additional Parcels Y/N No
Virtual Tour https://my.matterport.com/show/?m=3PVrEVrWAS3&mls=1
Availability Date 2026-10-19
Builder Name PRICE HOMES
Standard Status Active
Lender Owned No
Amenities Unit Kitchen Center Island,Kitchen Window,Local Area Network,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Porch,In-Ground Sprinkler,Vaulted Ceiling(s),Washer/Dryer Hookup,Walk-In Closet
PostalCity Excelsior

Interior Features

Basement Finished,Full
Total Fireplaces 1
Fireplace Features Electric,Living Room
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 1378
Half Baths 1
3/4 Baths 1
Laundry Features Electric Dryer Hookup,Laundry Room,Main Level,Washer Hookup
Total Bedrooms 4
Below Grade Finished Area 1255
Total Baths 4
Bath Desc Two Basement Baths,3/4 Primary,Bathroom Ensuite,Full Basement,Private Primary,Main Floor 1/2 Bath
Dining Room Description Kitchen/Dining Room
Fuel Natural Gas
Garage Dimensions 22x22
Garage Door Width 8
Garage Square Feet 484

Exterior Features

Parking Features Attached Garage
Lot Features Tree Coverage - Light
Water Source City Water/Connected
Lot Size Area 0.18
Building Area Total 2742
Lot Dimensions 66x124x61x123
Waterfront Y/N No
Foundation Area 1378
Road Frontage Type City Street,Paved Streets

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
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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

8/22/2026 Listed $1,850,000

Property vs Zip Code Average in 55331

Price
AVG $1.93M
$1.85M
Taxes
AVG $13,382
$9,186
Year Built
AVG 1996
2026
Visits
AVG 179
52
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

163 2nd Street Excelsior, MN is a Single Family Home for sale at $1850000 with 2633 sqft and a lot size of 0.18 Acres Acre(s). 163 2nd Street Excelsior has 4 bedrooms, 3 baths and was built in 2026. 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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