2 months on rocket

260 First St, Excelsior, MN, 55331

$639,900

Land

Location

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Property Highlights

Home TypeOther
MLS #6594214
StatusActive

About 260 First St

Rare opportunity to build a modern home in historic Excelsior Village! This property’s location, one block from Excelsior Commons Park and Lake Minnetonka and one block from Water Street, is in the heart of Excelsior Village with walkable access to everything Excelsior is known for! This is an open build so bring your builder of choice to make this modern design a reality! This proposed house, per plans, features over 3,000 sq ft with 3 bedrooms, 3 bathrooms with unfinished space in the lower level that could add an additional bedroom, bathroom, and family room. ALTUS Architecture + Design, a local Excelsior architecture firm, has brought this specific house plan through preliminary HPC Planning Commission and City Council meetings with positive feedback. Final HPC meeting and approval to occur after buyer has made any changes or selections. No residential design review required for this proposed property. The proposed lot will be 60’ x 130’ and adjacent to the proposed Arts and Music Center. Make this rare opportunity yours today!

Property Details

Property Features

Listing Office:

  • Office Name: Lakes Area Realty

School Info

Assigned Schools Information:

  • Minnetonka High School, Public District Grades 9-12
  • Minnetonka Middle School West, Public District Grades 6-8
  • Minnewashta Elementary, Public District Grades KG-5

Other

Directions Information:

  • Directions: HWY 7 to Oak Street, right onto Water Street, after 3 blks take a left onto Second Street, after 1 blk take a right onto Center Street. Property located on the corner of Center St and First St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $639,900
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Housing Market Comparison

See how this home compares to others in Excelsior, MN.

Med. Sold Price

$759.5K

Med. Price/SqFt

$256

Avg. Days On Market

43

# of Sold Homes

25

260 First St vs Excelsior

63 DAYS ON ROCKET

+20 Days

$639,900

-$119.6K Less

KEY TAKEAWAY

This property is $119.6K less than the Median Sold Price in Excelsior, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6594214

Listing Office:

  • Office Name: Lakes Area Realty

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Property Sales & Tax

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$3,261

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,985

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2052466
9
/10
  • Minnewashta Elementary

  • 26350 Smithtown Rd

  • 1.60 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2052467
9
/10
  • Minnetonka Middle School West

  • 6421 Hazeltine Blvd

  • 0.34 miles

  • Public District Grades 6-8

High School

school-card-donut-2052468
10
/10
  • Minnetonka High School

  • 18301 Highway 7

  • 3.95 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $124,286. Residents of Excelsior, MN typically earn between $100k-200k each year. The majority of families are married, with kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 260 First St

What is the listing price of this property?

The listing price of 260 First St property is $639,900.

What type of property is this?

The property 260 First St is land located in Excelsior, Minnesota, 55331.

Is this property for sale now?

Active Listing: 260 First St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 260 First St are:
Minnewashta Elementary: GreatSchools Rating 9/10
Minnetonka Middle School West: GreatSchools Rating 9/10
Minnetonka High School: GreatSchools Rating 10/10
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Rocket HomesMinnesotaHennepin CountyExcelsior55331260 First St

This home is located at 260 First St in Excelsior, MN and zip code 55331 in the Minnewashta Manor neighborhood. It has been listed on Rocket Homes since September 02, 2024 and is currently priced at $639,900.

Over 4 listings were sold over their listed price in October 2024 in Excelsior, MN. In the same period over 16 listings were sold below the listed price and 5 listings were sold for the listed price. The inventory of homes for sale in Excelsior, MN between September 2024 and October 2024 decreased by 0.6%. Listings spent 43 days on the market in October 2024, and had a median list price of $759,500 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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