5570 & 5580 Shorewood Ln, Excelsior, MN, 55331
About This Home
Exceptional investment and lifestyle opportunity in the heart of Shorewood! This outstanding duplex is ideally located just steps from the Lake Minnetonka Regional Trail, offering direct access into downtown Excelsior where you’ll enjoy restaurants, boutique shopping, and vibrant lake life year-round. Walk or bike to nearby Tonka Bay for additional dining favorites including Hazelwood and Joey Nova’s. Whether you’re an investor or owner-occupant, this property offers a rare income-producing opportunity with strong rental potential while enjoying one of Lake Minnetonka’s most desirable communities. Both units have been extensively updated and well maintained. Major exterior improvements completed in 2010 include new columns, shutters, paint, professional landscaping, and a 35-year Timberline roof. Recent 2026 updates bring a fresh, modern feel throughout with new carpet, luxury vinyl plank flooring, full interior paint, updated light switches, painted garage and utility floors, and new appliances. Additional mechanical updates include newer furnaces installed within the past five years, providing added efficiency and peace of mind. Enjoy low-maintenance ownership, thoughtful updates, and an unbeatable location near trails, dining, and the best of Lake Minnetonka living.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1968
Materials
- Roof: Asphalt
Type & Style
- Home type: MultiFamily
- Property subType: Duplex Side by Side
Interior
Appliances
- Laundry features: Lower Level,Laundry Room
Basement
- Has basement: Yes
- Basement: Finished,Full
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 4
Features
- Finished area below ground: 670
- Finished area above ground: 1,560
Heating
- Heating features: Forced Air
Interior Area
- Total structure area: 2,510
- Total interior livable area: 2,510 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 3311723110091
- Zoning description: Residential-Multi-Family
- Foundation area: 950
Features
- Levels: One
- Pool features: None
- Patio & porch: Patio
- Fencing: None
Lot
- Lot size: 0.46 Acres
- Features: Irregular Lot,Tree Coverage - Heavy
- Lot size dimensions: 135 x 329 x 421 x 140
Parking
- Total spaces: 2
- Parking features: Attached,Asphalt
- 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
- 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 | $3,028 | $36,336 |
| Home Insurance * | $257 | $3,084 |
| Property Taxes | $549 | $6,588 |
| Electricity | $211 | $2,540 |
| Total | $4,045 | $48,540 |
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 |
|---|---|---|
| 2026-04-27 | Price change | $619,900 |
| 2026-03-03 | Listed for sale | $639,900 |
For Sale by Agent
View on Zillow