262 Lake Street, Excelsior, MN 55331

$1,300,000
6
BD
2
BA
1
SqFt
List Price
$1,300,000
Days on Market
8
MLS#
6325761
Status
ACTIVE
Type
Single Family Residential
Style
(SF) Single Family
Bedrooms
6
Bathrooms
2
Living Area
1
Lot Size
7,405
Acres
0.17
Subdivision
Seamans Sub Of Lts 7 & 8 Excelsior
Year Built
1900

Property Description

One of Excelsior's finest and most historic homes is once again available. It sits above the shores of Excelsior Bay 262/264 Lake St also known as the Kalorama Cottage. It was Originally built in 1882 as a summer boarding house and was later converted to a duplex. Each side has a kitchen, living room, dining room, 3 bedrooms and a wonderful 3 season porch offering amazing views of Excelsior Bay. This home is number #12 on the list of Historic Preservation Landmarks. Remodeling of the exterior will have to be approved by the Historic Preservation Commission Remodeling of the inside does not require approval from the Commission and the home could be converted to a single-family home if desired. Structure cannot be torn down. Renderings/Drawings are in the supplements. Extensive remodeling is needed and most of the value is in the land. This is an incredible opportunity to restore something truly special and historic on the most iconic lake in the Twin Cities!

Additional Information

School District
Minnetonka
Tax Amount
$9,574
Tax Year
2022
Lake Waterfront
Lake View
Fuel
Natural Gas
Lake Waterfront Name
Minnetonka
Sewer
City Sewer/Connected
Air Conditioning
None
Heating
None
Water
City Water/Connected
Handicap Accessible
None
Basement
Full
Parking
Detached, Gravel
Garage Spaces
2

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Rize Realty.

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