Primary on Main
Address
371 Water Street Excelsior, MN
Price
$ 1,500,000
Property Attributes
  • ID#5730388
  • TypePending
  • CountyHENNEPIN
  • CityExcelsior
  • Zip55331
  • StyleSingle Family Residence
  • Year Built1858
  • Taxes$ 12025
  • Price$ 1,500,000
  • Bedrooms6
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage2929
  • Lot Size0.44 Acres
Listing Provided Courtesy Of:
Leyendecker Realty
Data Source:
NorthstarMLS
Property Description

This is a rare opportunity to live and/or work in the heart of the Excelsior village at the Bird House Inn property which is currently operating as a VRBO/Bed & Breakfast hybrid. Revenue from whole house rentals is on average 10% more than revenue generated from full occupancy in the B&B model. Structures include a 6 bed, 5 bath, 3,000 sq ft B&B structure built in 1858 and a 3 bed, 1 bath, 1,300 sq ft cottage built in 1990. The cottage is currently used as an owner's residence and includes a 2 car, attached, heated garage. All of this is set on a beautiful, private, .44 acre lot along prime, historic Water Street with an abundance of flat, green space and off street parking for up to 17 vehicles. The property has been vigorously maintained and extensively improved by the current owners. Improvements to the B&B structure include a new foundation, a new 1" water main, new 100 amp service and renovated bathrooms with heated floors and high end finishes. The cottage was renovated in 2015.

Price History
5/11/2021 Listed $1,500,000

General Features

Accessibility None
Appliances Range, Microwave, Dishwasher, Refrigerator, Disposal, Washer, Dryer
Association Y/N No
Basement Unfinished, Full
Construction Materials Wood Siding
Contingency None
Cooling Central Air
Garage Spaces 4
Heating Hot Water
High School District Minnetonka
Lender Owned No
New Construction No
Other Structures Guest House
Parking Features Detached, Asphalt, Insulated Garage, Heated Garage, Paved, RV Access/Parking, Floor Drain
Pool Features None
Property Attached Y/N No
Property SubType Single Family Residence
Property Type Residential
Roof Asphalt, Age Over 8 Years
RoomBedroom1Level Main
Sewer City Sewer/Connected
Standard Status Pending
Tax Annual Amount 12025
Zoning Description Business/Commercial

Interior Features

Above Grade Finished Area 2929
Bedroom 1 Dimensions 17 x 10
Bedroom 2 Dimensions 13 x 10
Bedroom 2 Level Main
Bedroom 3 Dimensions 17 x 10
Bedroom 3 Level Upper
Bedroom 4 Dimensions 17 x 9
Bedroom 4 Level Upper
Fireplace Features Living Room, Family Room, Gas, Other, Master Bedroom
Fireplace Y/N Yes
Full Baths 5
Room Type Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Extra Room 1, Extra Room 2, Extra Room 3, Extra Room 4, Extra Room 5, Extra Room 6
Total Baths 5
Total Bedrooms 6
Total Fireplaces 5

Exterior Features

Fencing Wood, Partial
Foundationarea 1723
Lot Dimensions 100 X 184
Lot Features Corner Lot, Tree Coverage - Medium
Lot Size Area 0.44
Lot Size Square Feet 19166.4
Lot Size Units Acres
Road Frontage Type City Street, Paved Streets, Sidewalks
Water Source City Water/Connected
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 55331

Price
AVG $960K
$1.5M
Taxes
AVG $6,021
$12,025
Visits
AVG 117
106
Year Built
AVG 1998
1858

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