Excelsior packs a downtown, a beach, and a mix of historic cottages, mid-century homes, and newer builds into a very small footprint on the south shore of Lake Minnetonka. It's a favorite spot for retirees who want walkability without a downtown high-rise.
The Excelsior housing market
Median home values in Excelsior sit in the mid-$500s to low-$700s, with lakefront and Water Street proximity pushing well higher. Inventory is chronically tight, which has supported strong appreciation for long-term owners.
Reverse mortgages in Excelsior
Many Excelsior retirees use a HECM to eliminate a remaining mortgage and stay in a walkable community they love. Higher-value lakefront homes may qualify for jumbo reverse programs.
Neighborhoods
- Downtown Excelsior
- Water Street
- Old Excelsior
- Deephaven border
Loan options for Excelsior
- Reverse Mortgage (HECM)
- Jumbo Reverse
- HECM for Purchase
- Conventional & Jumbo
- Refinance
Attractions & landmarks
- Excelsior Commons & Beach
- Water Street
- Old Log Theatre (nearby)
- Lake Minnetonka
Schools
Served by Minnetonka Public Schools (ISD 276), one of the top-performing districts in Minnesota.