254 Lake St, Excelsior, MN, 55331
About This Home
Breathtaking Peter Eskuche + Mikan collaboration offering the highest level of finish throughout this completed new construction masterpiece! Enjoy the stunning architectural details and open flowing floorplan offering walls of windows showcasing gorgeous views overlooking Excelsior Bay. The main-level features light + bright spaces; gourmet kitchen with high-end appliances, coffee bar, prep area and walk-in pantry. Spacious family room with sliding glass doors that open to the large porch with phantom screens + electronic pergola, dipping pool/hot tub and unmatched water views, creating the perfect blend of indoor + outdoor living! The upper-level offers a loft with built-ins and beverage fridge; bonus room with fireplace + lake views; office area; two guest bedrooms and spacious primary suite with spa-like bathroom (heated floors)! Lower-level featuring unparalleled amenities including the large family room + game area; wet bar with beverage fridges; exercise room; sauna and golf simulator. Extra-deep 2-car garage (heated, sink, water spigot). Ideally located in the heart of Excelsior just steps to shops, restaurants and all the amenities downtown has to offer! Truly a must see!
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- New construction: Yes
- Year built: 2024
Materials
- Roof: Age 8 Years or Less
Type & Style
- Home type: SingleFamily
- Property subType: Single Family
Interior
Appliances
- Appliances included: Chandelier,Dishwasher,Dryer,Exhaust Fan,Humidifier,Microwave,Refrigerator,Stainless Steel Appliance(s),Wall Oven,Washer
- Laundry features: Upper Level
Basement
- Has basement: Yes
- Basement: Finished,Full
Bedroom
- Level: Upper
- Area: 217.5
- Dimensions: 15 x 14.5
Bedroom2
- Level: Upper
- Area: 128
- Dimensions: 16 x 8
Bedroom3
- Level: Upper
- Area: 128
- Dimensions: 16 x 8
Bedroom4
- Level: Lower
- Area: 180
- Dimensions: 15 x 12
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 1
- 3/4 bathrooms: 2
- 1/2 bathrooms: 1
Bonus Room
- Level: Upper
- Area: 288
- Dimensions: 18 x 16
Exercise Room
- Level: Lower
- Area: 130
- Dimensions: 13 x 10
Family Room
- Level: Main
- Area: 306
- Dimensions: 18 X 17
Family Room
- Level: Lower
- Area: 304
- Dimensions: 19 x 16
Features
- Number of fireplaces: 2
- Fireplace features: Family Room
- Fireplace: Yes
- Finished area below ground: 1,678
- Finished area above ground: 2,983
Heating & Cooling
- Heating features: Forced Air,In-Floor Heating
- Cooling features: Central Air
Informal Dining Room
- Level: Main
- Area: 165
- Dimensions: 15 X 11
Interior Area
- Total structure area: 4,661
- Total interior livable area: 4,661 sqft
Kitchen
- Level: Main
- Area: 221
- Dimensions: 17 X 13
Other
- Level: Lower
- Area: 270
- Dimensions: 18 x 15
Other
- Level: Lower
- Area: 96
- Dimensions: 16 x 6
Screened Porch
- Level: Main
- Area: 272
- Dimensions: 16 x 17
Sun Room
- Level: Main
- Area: 165
- Dimensions: 15 x 11
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 3411723110134
- Zoning description: Residential-Single Family
- Foundation area: 1766
Features
- Levels: Two
- Stories: 2
- Private pool: Yes
- Pool features: In Ground,Heated
- Patio & porch: Covered,Patio,Screened
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake View
Lot
- Lot size: 6,969 sqft
- Lot size dimensions: Irregular
Parking
- Total spaces: 2
- Parking features: Attached,Heated Garage,Insulated Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
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 | $21,212 | $254,544 |
| Home Insurance * | $1,801 | $21,612 |
| Property Taxes | $4,650 | $55,800 |
| Electricity | $393 | $4,717 |
| Total | $28,056 | $336,672 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-20 | Listed for sale | $4,995,000 |
| 2026-04-17 | Listing removed | $5,299,000 |
| 2025-11-26 | Price change | $5,299,000 |
| 2025-10-31 | Listed for sale | $5,700,000 |
| 2023-02-03 | Sold | $762,500 |
| 2008-04-18 | Sold | $695,000 |
| 2006-06-22 | Sold | $629,500 |
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