About This Home

This 6-bedroom, 4-bathroom multi-family at 5570 & 5580 Shorewood Lane in Excelsior, MN is listed for $574,900 ($258 per sqft). Built in 1968, the home offers 2,230 sqft of living space on a 0.46 acres lot.

Key Features

  • Built in 1968
  • 0.46 acre lot

Property Details

4 full
2-car garage
1968
Listing 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.

Monthly Cost Estimate

$3,075/mo

20% down · 6.5% · 30 years

Principal$416
Interest$2,491
Insurance$168

Estimates only. Actual payments may vary.

Location

5570 & 5580 Shorewood Lane

Excelsior, MN 55331

Property Details

Outdoor Features

Patio

Parking

Garage - AttachedDriveway

Heating

Forced Air

Questions & Answers

This 6-bedroom, 4-bathroom multi-family at 5570 & 5580 Shorewood Lane is listed at $574,900 ($258/sqft). The estimated monthly payment is $3,075 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1968, 0.46 acre lot.

This property is listed by The Holmers Group.

TG

The Holmers Group

Agent at Integrity Lake Minnetonka Holdings, LLC

Listed by Integrity Lake Minnetonka Holdings, LLC · Broker phone: (952) 475-0111 · View on Broker Site · Broker website

MLS# 7157563· Source: Northstar MLS· 25 days on PropertySimple

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5570 & 5580 Shorewood Lane, Excelsior, MN 55331

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