163 2nd Street, Excelsior, MN 55331 (MLS# 7126003)

163 2nd Street, Excelsior, MN 55331

New Listing

$1,850,000

Virtual Tour

https://my.matterport.com/show/?m=3PVrEVrWAS3&mls=1

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 2,742 Lot Size (sq. ft.): 7,841 Status: Active

Current Price: $1,850,000 List Date: 8/22/2026 Last Modified: 8/22/2026

Overview

Description

Rarely does new construction deliver such a compelling combination of refined luxury, effortless one-level living, and an exceptional Excelsior location. Inspired and designed by renowned local design firm Rauscher & Associates, this custom-built, fully finished rambler pairs elevated design with timeless sophistication just minutes from the shores of Lake Minnetonka. Step inside to soaring vaulted ceilings and a light-filled, open-concept floor plan that creates an immediate sense of space and elegance. At the heart of the home, a dramatic statement fireplace wall anchors the main living area, while the chef-inspired kitchen is designed to impress with quartz countertops, custom cabinetry, a walk-in pantry, and an oversized island equally suited for casual mornings and memorable gatherings. The main-level primary suite is a private retreat, complete with a spacious walk-in closet and beautifully appointed bath. A dedicated home office and convenient main-floor laundry add the though ... (Read more) Rarely does new construction deliver such a compelling combination of refined luxury, effortless one-level living, and an exceptional Excelsior location. Inspired and designed by renowned local design firm Rauscher & Associates, this custom-built, fully finished rambler pairs elevated design with timeless sophistication just minutes from the shores of Lake Minnetonka. Step inside to soaring vaulted ceilings and a light-filled, open-concept floor plan that creates an immediate sense of space and elegance. At the heart of the home, a dramatic statement fireplace wall anchors the main living area, while the chef-inspired kitchen is designed to impress with quartz countertops, custom cabinetry, a walk-in pantry, and an oversized island equally suited for casual mornings and memorable gatherings. The main-level primary suite is a private retreat, complete with a spacious walk-in closet and beautifully appointed bath. A dedicated home office and convenient main-floor laundry add the thoughtful functionality and ease of living expected in a home of this caliber. The fully finished lower level offers exceptional flexibility, featuring a generous family room, three additional bedrooms, and two bathrooms. Whether hosting overnight guests, creating additional work-from-home space, entertaining, or accommodating multi-generational living, there is room to make it your own. Beyond the home itself is one of its greatest luxuries: the ability to truly embrace the Excelsior lifestyle. Leave the car behind and stroll to lakeside dining, the charming shops of the Village, and Kowalski’s Market just four blocks away. Connect to the nearby regional trail toward Carver Park, or spend the day at Excelsior Commons enjoying the beach, docks, tennis courts, and year-round recreation along the shores of Lake Minnetonka. More than a beautiful new home, this is an opportunity to enjoy the best of Excelsior without sacrificing the comfort, quality, and sophistication of brand-new construction. In a community where new-build opportunities are increasingly rare, this exceptional home and location are truly set apart.

Listing Details MLS# 7126003

General Property Information

Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: Yes
Projected Completion Date: 2026-08-14
Waterfront YN: No
Year Built: 2026
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: 2
Bath Three Quarters: Yes
Bath Half: Yes
Main Floor Total SqFt: 1378
Above Grd Total SqFt: 1378
Below Grd Total SqFt: 1364
Total SqFt: 2742
Total Finished Sqft: 2633.00
FireplaceYN: Yes
Style: (SF) Single Family
Foundation Size: 1378
Garage Stalls: 2
Lot Dimensions: 66x124x61x123
Acres: 0.18
Assessment Pending: No
Bath Quarter: 0
Association Fee: 0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: In-Ground Sprinkler; Kitchen Center Island; Kitchen Window; Local Area Network; Main Floor Primary Bedroom; Porch; Primary Bedroom Walk-In Closet; Vaulted Ceiling(s); Walk-In Closet; Washer/Dryer Hookup Appliances: Air-To-Air Exchanger; Cooktop; Dishwasher; Dryer; Microwave; Refrigerator; Washer Assumable Loan: Not Assumable Basement: Full Bath Description: Main Floor 1/2 Bath; 3/4 Primary; Private Primary; Full Basement; Two Basement Baths; Bathroom Ensuite Construction Materials: Concrete; Frame Construction Status: Completed New Construction Dining Room Description: Kitchen/Dining Room Electric: 200+ Amp Service Exterior: Brick/Stone; Engineered Wood; Shakes Family Room Characteristics: 2 or More; 2 Story/High/Vaulted Ceilings; Family Room; Great Room; Lower Level; Main Level Fireplace Characteristics: Electric; Living Room Foundation: Poured Concrete Fuel: Natural Gas Heating: Forced Air Laundry: Electric Dryer Hookup; Laundry Room; Main Level; Washer Hookup Lot Description: Tree Coverage - Light Road Frontage: City Street; Paved Streets Roof: Architectural Shingle Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Special Search: 3 BR on One Level; Main Floor Bedroom; Main Floor Laundry; Main Floor Primary; Primary Bdr Suite Stories: One Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 1850000
ListPrice: 1850000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 163
Street Name: 2nd
Street Suffix: Street
Postal City: Excelsior
County: Hennepin
State: MN
Zip Code: 55331
Complex/Dev/Subdivision: Auditors Sub 135

Assessments

Tax With Assessments: 9186
Assessment Balance: 0

Builder Information

Builder ID: PRICE CUSTOM HOMES
Builder License Number: 638046
Builder Name: PRICE HOMES

More Information

Building Information

Availability Dt for Closing: 2026-10-19
Finished SqFt Above Ground: 1378
Finished SqFt Below Ground: 1255

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Model Information

Model Location: Excelsior

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 22x22
Garage Door Height: 8
Garage Door Width: 18
Garage Square Feet: 484

Public Survey Info

Range#: 23
Section#: 34
Township#: 117

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

AssocFeeYN: No
Legal Description: THAT PART OF THE FOLLOWING DESCRIBED PROPERTY: LOT 272, EXCEPT THAT PART LYING NORTHEASTERLY OF THE NORTHWESTERLY EXTENSION OF THE SOUTHWESTERLY LINE OF LOT 3, PAGE AND MCGRATH\'S SUBDIVISION, HENNEPIN COUNTY, MINNESOTA WHICH LIES NORTHWESTERLY OF A LINE DRAWN FROM A POINT ON THE SOUTHWESTERLY LINE OF THE ABOVE DESCRIBED PROPERTY DISTANT 66.00 FEET SOUTHEASTERLY, AS MEASURED ALONG SAID SOUTHWESTERLY LINE FROM THE MOST WESTERLY CORNER OF SAID ABOVE DESCRIBED PROPERTY TO A POINT ON THE NORTHEASTERLY LINE OF SAID ABOVE DESCRIBED PROPERTY DISTANT 60.80 FEET SOUTHEASTERLY, AS MEASURED ALONG SAID NORTHEASTERLY LINE FROM THE MOST NORTHERLY CORNER OF SAID ABOVE DESCRIBED PROPERTY
Listing City: Excelsior
Map Page: 117
Municipality: Excelsior
School District: Minnetonka
School District Phone: 952-401-5000
Zip Plus 4: 1715
Property ID Number: 3411723120175
Tax Year: 2026
Tax Amount: 9186
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Rarely does new construction deliver such a compelling combination of refined luxury, effortless one-level living, and an exceptional Excelsior location. Inspired and designed by renowned local design firm Rauscher & Associates, this custom-built, fully finished rambler pairs elevated design with timeless sophistication just minutes from the shores of Lake Minnetonka. Step inside to soaring vaulted ceilings and a light-filled, open-concept floor plan that creates an immediate sense of space and elegance. At the heart of the home, a dramatic statement fireplace wall anchors the main living area, while the chef-inspired kitchen is designed to impress with quartz countertops, custom cabinetry, a walk-in pantry, and an oversized island equally suited for casual mornings and memorable gatherings. The main-level primary suite is a private retreat, complete with a spacious walk-in closet and beautifully appointed bath. A dedicated home office and convenient main-floor laundry add the thoughtful functionality and ease of living expected in a home of this caliber. The fully finished lower level offers exceptional flexibility, featuring a generous family room, three additional bedrooms, and two bathrooms. Whether hosting overnight guests, creating additional work-from-home space, entertaining, or accommodating multi-generational living, there is room to make it your own. Beyond the home itself is one of its greatest luxuries: the ability to truly embrace the Excelsior lifestyle. Leave the car behind and stroll to lakeside dining, the charming shops of the Village, and Kowalski’s Market just four blocks away. Connect to the nearby regional trail toward Carver Park, or spend the day at Excelsior Commons enjoying the beach, docks, tennis courts, and year-round recreation along the shores of Lake Minnetonka. More than a beautiful new home, this is an opportunity to enjoy the best of Excelsior without sacrificing the comfort, quality, and sophistication of brand-new construction. In a community where new-build opportunities are increasingly rare, this exceptional home and location are truly set apart.
Directions: Hwy 7 to 2nd Street, continue on 2nd St, House on Right

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Amenities Unit

In-Ground Sprinkler: Yes
Kitchen Center Island: Yes
Kitchen Window: Yes
Local Area Network: Yes
Main Floor Primary Bedroom: Yes
Porch: Yes
Primary Bedroom Walk-In Closet: Yes
Vaulted Ceiling(s): Yes
Walk-In Closet: Yes
Washer/Dryer Hookup: Yes

Appliances

Air-To-Air Exchanger: Yes
Cooktop: Yes
Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes

Assumable Loan

Not Assumable: Yes

Basement

Full: Yes

Bath Description

Main Floor 1/2 Bath: Yes
3/4 Primary: Yes
Private Primary: Yes
Full Basement: Yes
Two Basement Baths: Yes
Bathroom Ensuite: Yes

Construction Materials

Concrete: Yes
Frame: Yes

Construction Status

Completed New Construction: Yes

Dining Room Description

Kitchen/Dining Room: Yes

Electric

200+ Amp Service: Yes

Exterior

Brick/Stone: Yes
Engineered Wood: Yes
Shakes: Yes

Family Room Characteristics

2 or More: Yes
2 Story/High/Vaulted Ceilings: Yes
Family Room: Yes
Great Room: Yes
Lower Level: Yes
Main Level: Yes

Fireplace Characteristics

Electric: Yes
Living Room: Yes

Foundation

Poured Concrete: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Insurance Fee

Insurance Fee: 0

Laundry

Electric Dryer Hookup: Yes
Laundry Room: Yes
Main Level: Yes
Washer Hookup: Yes

Lot Description

Tree Coverage - Light: Yes

Patio, Porch and Deck Features

Covered: Yes
Front Porch: Yes

Road Frontage

City Street: Yes
Paved Streets: Yes

Roof

Architectural Shingle: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Special Search

3 BR on One Level: Yes
Main Floor Bedroom: Yes
Main Floor Laundry: Yes
Main Floor Primary: Yes
Primary Bdr Suite: Yes

Stories

One: Yes

Water

City Water/Connected: Yes

Room Information

Room Name	Dimensions	Level
Family Room	15x21	Lower
First (1st) Bedroom	13x14	Main
Fourth (4th) Bedroom	12x12	Lower
Kitchen	16x13	Main
Laundry	6x7	Main
Living Room	16x25	Main
Primary Bath	11x14	Main
Mud Room	6x8	Main
Office	12x12	Main
Second (2nd) Bedroom	11x14	Lower
Third (3rd) Bedroom	13x13	Lower

Listing Office: eXp Realty

Last Updated: August - 22 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

163 2nd Street, Excelsior, MN 55331 (MLS# 7126003)