5570 & 5580 Shorewood Lane,Excelsior, MN 55331
Excelsior, MN 55331
Description
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 brand new roof being installed! 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.
Details
| MLS # | 7157563 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1968 |
| Days On Site | 8 |
| Listing Provided By | Keller Williams Premier Realty Lake Minnetonka | The Holmers Group |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 2,230 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 1 |
| Units | 2 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.46 |
Interior
| Heating | Forced Air |
|---|
Exterior
| Roof | Age 8 Years or Less, Asphalt |
|---|---|
| Lot Features | Irregular Lot, Tree Coverage - Heavy |
Parking
| Parking Features | Attached Garage, Asphalt |
|---|
Taxes
| Property | 7026 |
|---|
Area Information
| State | MN |
|---|---|
| County | Hennepin |
| City | Excelsior |
| Zip Code | 55331 |
| School District | 276 |
| High School | Minnetonka |
| Listing VS Median (in 55331) | |
Price: $574,900 low | high Med: $1,257,750 sqft: 2,230 low | high Med: 3,385 $ / sqft: $258 low | high Med: $386 On site: 8 low | high Med: 274 | |
Market Activity 55331
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Hennepin |
| City | Excelsior |
| Zip Code | 55331 |
| School District | 276 |
| High School | Minnetonka |
| Listing VS Median (in 55331) | |
Price: $574,900 low | high Med: $1,257,750 sqft: 2,230 low | high Med: 3,385 $ / sqft: $258 low | high Med: $386 On site: 8 low | high Med: 274 | |
