5200 Greenwood Circle, Excelsior, MN 55331
Local realty services provided by:Better Homes and Gardens Real Estate First Choice
Listed by: joel hentges
Office: re/max advantage plus
MLS#:7072844
Source:NSMLS
Price summary
- Price:$579,000
- Price per sq. ft.:$292.42
About this home
VISIONARY WANTED...Opportunity knocks in one of the Lake Minnetonka area's most desirable locations. Whether you're looking for a renovation project, investment opportunity, or future building site, this 3-bedroom home offers exceptional potential just a short walk from Historic Excelsior. Nestled among mature trees and next to the regional trail system, you'll enjoy easy access to Maynards, Excelsior Commons, Lake Minnetonka, shopping, dining, the library, and all the charm and activities that make Excelsior such a sought-after destination. The home features a private wooded setting, oversized 25x21 garage, expansive deck for entertaining, backyard firepit area, and a functional floor plan with plenty of space to reimagine. The main level includes a primary suite with a private ¾ bath and walk-in closet, while the walkout lower level offers two additional bedrooms, a full bath, and a large amusement room with bar area. Recent improvements include fresh interior paint and new carpeting, but buyers should expect repairs, deferred maintenance, and the need for cosmetic updating throughout. This is not a turnkey property and is being offered as an opportunity for someone with vision to build equity in a neighborhood surrounded by significantly higher-priced homes. The true value lies in the location, privacy, walkability, and potential. Rarely does a property in this setting become available at such an attractive price point. Renovate, refresh, expand, or rebuild—the choice is yours. Pre-listing inspection report available in MLS supplements. Buyers are encouraged to review the report prior to submitting an offer. SEE THIS property soon and enjoy the Lake Minnetonka lifestyle!...
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Home facts
- Year built:1975
- Listing ID #:7072844
- Added:19 day(s) ago
- Updated:June 29, 2026 at 01:19 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:1
- Half bathrooms:1
- Dining Description:Living/Dining Room
- Bathrooms Description:Full Basement, Main Floor 1/2 Bath
- Kitchen Description:Dishwasher, Refrigerator
- Basement:Yes
- Basement Description:Daylight / Lookout Windows, Finished, Full
- Living area:1,880 sq. ft.
Heating and cooling
- Cooling:Ductless Mini-Split
- Heating:Boiler, Hot Water
Structure and exterior
- Roof:Asphalt
- Year built:1975
- Building area:1,880 sq. ft.
- Lot area:0.34 Acres
- Lot Features:Tree Coverage - Medium
- Levels:Bi/Split Level
Utilities
- Water:Well
- Sewer:City Sewer - Connected
Finances and disclosures
- Price:$579,000
- Price per sq. ft.:$292.42
- Tax amount:$4,783 (2026)
Features and amenities
- Appliances:Refrigerator, Washer
- Laundry features:Dryer, Washer
Parking
- Parking description:Detached Garage
- Garage:Yes
- Garage spaces:2
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