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Prime Excelsior location—walk to downtown, Lake Minnetonka, dining, shopping, parks, and trails. This Minnetonka schools, Four-bedroom layout has flexible space for family, guests, or a home office. Separate climate controlled studio/office ideal for remote work, fitness, or creative use. Bright morning room off the kitchen for coffee, casual meals, or sunlit lounging. Walkout primary bedroom with direct access to the private backyard. Large windows throughout for abundant natural light. Private fenced backyard perfect for entertaining, pets, and outdoor relaxation. Adjacent to the new Mill Street pathway with access to regional trail networks. Move in ready with recent updates: new driveway, fresh paint, and new flooring. Highly walkable neighborhood with the privacy of a backyard retreat. Enjoy year round Excelsior living close to the lake, recreation, and community events. Lots to like, you will not be disappointed.

Highlights

  • Residential
  • Single Family Residence
  • Built in 1948
  • 20 days on Market

  • Bedrooms
    4
  • Bathrooms
    2 full · 1 half
  • Year Built
    1948
  • Stories
    2.0
  • Construction Materials
    Frame, Cedar
  • Foundation
    Block
  • Parking Features
    Asphalt
  • Living Area
    2612.0
  • Appliances
    Dryer, Refrigerator, Washer, Range
  • Flooring
    Hardwood
  • Patio And Porch
    Patio
  • Pool Features
    None
  • Cooling
    Central Air
  • Heating
    Forced Air, Natural Gas
  • Basement
    Finished, Block

  • Water
    Public


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Frequently Asked Questions

How do I schedule a tour of 542 3rd Ave?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 542 3rd Ave.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 542 3rd Ave?

Click Ask a Question to talk with our team. You already know it is a 4 bed, 2 bath, listed for $579,900. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Excelsior, and can even get you in to see the property quickly.

How do I get a virtual tour of 542 3rd Ave?

Yes! A virtual tour is available for 542 3rd Ave. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.

How much is the monthly mortgage payment for 542 3rd Ave?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 542 3rd Ave at around $3,767. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 542 3rd Ave?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Hennepin County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 542 3rd Ave?

In most cases, yes. Whether 542 3rd Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Excelsior's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 542 3rd Ave?

We can handle that for you. Our preferred local agent specializes in residentials in Excelsior and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $579,900 with 2,612 sqft of space—that comes out to approximately $222 per square foot.

How long has this property been on the market?

542 3rd Ave was listed on October 23, 2026, which means it's been on the market for 20 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1948, making it approximately 78 years old.

What are the property taxes for 542 3rd Ave?

The most recent public record shows annual property taxes for 542 3rd Ave were approximately $5,602. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 542 3rd Ave still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Based on information submitted to the MLS GRID as of November 12, 2026 at 05:00PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: November 12, 2026 at 05:00PM | Source: NorthstarMLS | MLS#: 7163286

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