5150 Meadville St, Greenwood, MN, 55331
About This Home
One of the finest lots on Lake Minnetonka, this extraordinary peninsula property offers breathtaking panoramic views spanning Excelsior Bay, Gideons Bay, Big Island, and the Lower Lake. A truly once-in-a-lifetime opportunity, the property features 240 feet of premier shoreline with two private docks and additional boat slips, creating the ultimate setting for boating, paddleboarding, waterskiing, and effortless lakefront living. Enjoy spectacular sunsets and front-row views of Excelsior’s Fourth of July fireworks from your own deck or patio. The charming existing home offers timeless lake character and comfortable living spaces ideal for year-round enjoyment or weekend retreats, while also presenting an exceptional opportunity to build a custom luxury estate and fully maximize the unmatched setting and panoramic views. Inside, the home features inviting living spaces with hardwood floors, beamed ceilings, a stone wood-burning fireplace, and walls of windows framing the stunning lake views. The main level includes a bedroom and full bath for added flexibility, while the upper level offers a private primary suite with ensuite bath, two additional bedrooms, a ¾ bath, and convenient upper-level laundry. Expansive outdoor decks and patios provide the perfect spaces for entertaining or relaxing along the water’s edge. Located just minutes from downtown Excelsior, enjoy convenient access to trails, boutique shopping, award-winning restaurants, and year-round community events in one of Lake Minnetonka’s most sought-after settings.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1918
Materials
- Construction materials: Block
Type & Style
- Home type: SingleFamily
- Property subType: Single Family
Interior
Appliances
- Appliances included: Cooktop,Dishwasher,Disposal,Dryer,Microwave,Range,Refrigerator,Wall Oven,Washer
- Laundry features: Laundry Room,Sink,Upper Level
Basement
- Has basement: Yes
- Basement: Block,Finished,Full,Sump Pump
Bedroom
- Level: Main
- Area: 150
- Dimensions: 15x10
Bedroom2
- Level: Upper
- Area: 299
- Dimensions: 23x13
Bedroom3
- Level: Upper
- Area: 272
- Dimensions: 16x17
Bedroom4
- Level: Upper
- Area: 240
- Dimensions: 16x15
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Dining Room
- Level: Main
- Area: 135
- Dimensions: 15x9
Family Room
- Level: Main
- Area: 420
- Dimensions: 35x12
Features
- Number of fireplaces: 1
- Fireplace features: Family Room,Stone,Wood Burning
- Fireplace: Yes
- Finished area below ground: 505
- Finished area above ground: 3,111
Flex Room
- Level: Lower
- Area: 99
- Dimensions: 11x9
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 4,698
- Total interior livable area: 3,616 sqft
Kitchen
- Level: Main
- Area: 198
- Dimensions: 22x9
Living Room
- Level: Main
- Area: 364
- Dimensions: 26x14
Other
- Level: Lower
- Area: 238
- Dimensions: 17x14
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 2611723320010
- Zoning description: Residential-Single Family
- Foundation area: 1587
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Has view: Yes
- View description: Bay,Lake,North,Panoramic,South,West
- Has water view: Yes
- Water view: Bay,Lake
- On waterfront: Yes
- Waterfront features: Dock,Lake Front,Lake View,Lake Bottom(Sand)
- Frontage length: Water Frontage: 240
Lot
- Lot size: 0.40 Acres
- Features: Accessible Shoreline,Island/Peninsula,Tree Coverage - Medium
- Lot size dimensions: Irregular
Parking
- Total spaces: 2
- Parking features: Attached,Asphalt,Garage Door Opener,Guest,Storage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Hail
- Heat Wave
- Tornado
- Inland Flooding
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Hennepin County and Minnesota
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $26,799 | $321,588 |
| Home Insurance * | $2,275 | $27,300 |
| Property Taxes | $5,182 | $62,184 |
| Electricity | $304 | $3,659 |
| Total | $34,560 | $414,720 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-11 | Price change | $5,299,900 |
| 2026-05-29 | Listed for sale | $5,750,000 |
| 2026-01-01 | Listing removed | $5,999,000 |
| 2025-10-24 | Price change | $5,999,000 |
| 2025-08-15 | Price change | $6,400,000 |
| 2025-06-13 | Listed for sale | $6,900,000 |
| 1999-10-15 | Sold | $895,000 |
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