Greenwood MN Real Estate & Homes for Sale

BUILD EQUITY NEAR HISTORIC EXCELSIOR! Affordable opportunity to own in the Lake Minnetonka area, build sweat equity and make this 3-bedroom home your own. Qualified buyers may have access to DOWN PAYMENT ASSISTANCE and renovation/rehab financing programs - ask your lender about available options. Nestled among mature trees next to the regional trail, it's just a short walk or bike ride to Historic Excelsior, Maynards, Excelsior Commons, beach, bandshell, shopping, dining, library and Lake Minnetonka. Features include a private wooded setting, oversized 25x21 garage, large deck and backyard firepit. Main-level primary suite offers a private bath and walk-in closet. Walkout lower level includes 2 bedrooms, full bath and spacious amusement room with bar. Fresh paint and new carpet provide a head start, with plenty of opportunity to update and add value among higher-priced homes. Pre-listing inspection available in MLS supplements, have your agent provide you a COPY of it. See it soon - not many opportunities like this near Excelsior!

ONLY THE FUN PART LEFT TO DO Bring your interior design ideas and make this rare Lake Minnetonka opportunity your own. This is an exceptionally well-built, high-quality home that has been carefully maintained and is ready for your personal updates. The boathouse is the showstopper - approximately 38' x 16', with a full foundation and wood-burning fireplace. Positioned to face west, it gives you a front-row seat to incredible sunsets and Fourth of July fireworks. Boathouses like this simply do not come available often, and this one is ready to become the ultimate lakeside entertaining space. The location is hard to beat - sidewalks to downtown Excelsior, one of the most desirable settings on St. Albans Bay, approximately 123 feet of real sandy lakeshore, and plenty of room for boating, swimming and lake activities. Even the everyday conveniences are close, with the gas station just a block away. The home offers approximately 3,700 finished square feet, quality construction, beautiful landscaping and an incredible opportunity to customize the interior to fit your lifestyle. There are so many possibilities here - make it your primary residence, create an exceptional Lake Minnetonka vacation home, or explore repositioning the home closer to the lake and building your dream property. The location, lakeshore and irreplaceable boathouse are already here. Now comes the fun part - making it yours. Enjoy our AI enhanced photos to provide some ideas on the many possibilities.

Beautiful site in prime Greenwood location. Walk or bike to downtown excelsior or cottagewood. Award winning Minnetonka schools and across the street from Lake Minnetonka lies this gorgeous, wooded site. Construction is just starting on this custom design featuring a dramatic main level with 20' vaulted and beamed ceilings plus all main level living. This charming cottage inspired design fits well in the area and character abounds in every detail. At nearly 6000 square feet this home is well designed for all your needs including 3 spacious bedroom suites upstairs plus a bonus room, upstairs laundry and loft overlooking the main level. The main level features an amazing primary suite with luxury spa like bath, spacious open kitchen designed for entertaining plus an amazing back scullery that is perfect for prep. The main level also features a front office, well designed mudroom with storage plus a main level laundry facility. Enjoy the outdoors on the vaulted porch equipped with stone fireplace and maintenance free deck leading to the backyard. The expansive lower level has everything covered including a large wet bar with seating, plus a theater room, step down golf simulator area, exercise room and 5th bedroom suite. Still time to influence the interior design elements with our staff designer. Home is estimated to be complete spring/summer 2026. See our model at 638 Gardner street for similar design details.