Lori Gustafson

603 Lake Street # 307

Excelsior, MN
$ 1,350,000 Beds 3 Baths 2 Sq 2,036
Monthly Estimate* How much can I afford?

Maintenance free Lake Minnetonka! Beautiful 2-3 bed, 2-bath condominium in Excelsior Bay Gables—one of the largest units in the community and set in an exceptional lakeside location. This spacious home features a large living room with a vaulted ceiling, stunning wood-burning fireplace, and gorgeous views of Lake Minnetonka. Enjoy lake breezes from the private balcony, accessible from both the living room and the primary bedroom suite. The light and bright kitchen flows into the formal dining room, which opens to the expansive living room for easy entertaining. A spacious in-unit laundry room provides abundant storage and cabinetry. The generous primary suite includes a big walk-in closet and a large private bathroom. The second bedroom offers great flexibility with two closets. An upper-level loft/bonus room overlooks the living room—perfect for an office, 3rd bedroom, lounge, or flex space. An additional room down the hall can serve as storage, an office, or a guest space. Community amenities include an outdoor heated pool, tennis courts, indoor hot tub and sauna, exercise room, two parking spaces in the heated garage, and available boat slips for an additional fee. Unbeatable location near Excelsior—just steps from Maynard’s, Port of Excelsior, Excelsior Commons, and scenic views of Excelsior Bay. Convenient access to Hwy 7 makes everyday living effortless. The perfect way to enjoy lakeside living near Excelsior.

Single Family

  • Price
  • $ 1,350,000
  • City
  • Excelsior
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • HENNEPIN
  • Half Bathrooms
  • 0
  • Area
  • Condo 0344 Excelsior Bay Gables
  • Lot Size
  • Zip
  • 55331
  • Sqr Footage
  • 2,036
  • Year Built
  • 1981
  • Taxes
  • $ 13962
  • Style
  • (CC) Low Rise (3- Levels)
  • MLS#
  • 7143535
Listed By: Trenary Realty Group
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 2036
Sewer City Sewer/Connected
Heating Baseboard
Cooling Central Air
Roof Age Over 8 Years,Asphalt
Appliances Dishwasher,Disposal,Dryer,Microwave,Range,Refrigerator,Washer
HOA Fee 1521
Garage Spaces 2
Association Fee Includes Building Exterior,Cable TV,Hazard Insurance,Heating,Internet,Lawn Care,Maintenance Grounds,Parking,Professional Mgmt,Sanitation,Security Staff,Sewer,Shared Amenities,Snow Removal,Water
Pool Features Below Ground,Heated,Outdoor,Shared
Year Built 1981
Electric Circuit Breakers
View Lake,Panoramic
Levels Modified Two Story
Unit Number 307
Property Subtype (CC) Low Rise (3- Levels)
Tax Year 2026
Waterfront Features Association Access,Dock,Lake Front,Lake View
Accessibility Accessible Elevator Installed
Additional Parcels Description 3511723220145,3511723220143
Assoc Fee Paid Per Monthly
County Hennepin
New Construction No
Property Type Residential
Association Amenities Boat Slip,Deck,Dock,Elevator(s),Fire Sprinkler System,Hot Tub,In-Ground Sprinkler System,Lobby Entrance,Patio,Sauna,Security Building,Security Lighting,Tennis Courts
HOA Yes
Contingency None
Subdivision Name Condo 0344 Excelsior Bay Gables
Other Structures Hot Tub,Sauna
Full Baths 1
Directions I-494 W to MN-7 W. Take the exit for 2nd St. Slight right onto Excelsior Blvd. Turn right onto Lake St. Destination on the right.
City Excelsior
Association Name First Service Residential
High School District Minnetonka
Zoning Description Residential-Multi-Family
Lot Size Units Acres
Property Attached Y/N Yes
Land Lease Y/N No
Tax Annual Amount 13962
Additional Parcels Y/N Yes
Standard Status Active
Lender Owned No
Amenities Unit Cable,Ceiling Fan(s),Dock,Hardwood Floors,Kitchen Window,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Skylight,Boat Slip,Tile Floors,Vaulted Ceiling(s),Washer/Dryer Hookup,Walk-In Closet
PostalCity Excelsior

Interior Features

Basement None
Total Fireplaces 1
Fireplace Features Living Room,Wood Burning
Basement (Y/N) No
Fireplace Y/N Yes
Above Grade Finished Area 2036
3/4 Baths 1
Laundry Features Electric Dryer Hookup,Laundry Closet,Laundry Room,Main Level,Sink,In Unit,Washer Hookup
Total Bedrooms 3
Total Baths 2
Bath Desc 3/4 Primary,Double Sink,Main Floor 3/4 Bath,Main Floor Full Bath
Dining Room Description Breakfast Area,Eat In Kitchen,Separate/Formal Dining Room
Fuel Natural Gas

Exterior Features

Parking Features Assigned,Attached Garage,Asphalt,Finished Garage,Garage Door Opener,Guest Parking,Heated Garage,Insulated Garage,Parking Garage,Storage,Tuckunder Garage,Underground
Lot Features Accessible Shoreline,Public Transit (w/in 6 blks),Irregular Lot,Tree Coverage - Medium
Water Source City Water/Connected
Building Area Total 2036
Waterfront Y/N Yes
Foundation Area 2036
Road Frontage Type City Street,Curbs,Paved Streets,Sidewalks,Street Lights
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
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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

9/17/2026 Listed $1,350,000

Property vs Zip Code Average in 55331

Price
AVG $1.93M
$1.35M
Taxes
AVG $13,378
$13,962
Year Built
AVG 1996
1981

Areas That We Cover

603 Lake Street # 307 Excelsior, MN is a Single Family Home for sale at $1350000 with 2036 sqft and a lot size of Acre(s). 603 Lake Street # 307 Excelsior has 3 bedrooms, 2 baths and was built in 1981. 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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