Opportunity Knocks in Excelsior! Set on a rare and private 0.93-acre lot in one of the area's most sought-after locations, this one-owner custom home offers the perfect combination of location, lot size, and upside potential. Whether you're a buyer looking to renovate and build equity, or a builder seeking an exceptional homesite, the possibilities here are endless. Featuring approximately 2,400 finished square feet, this home offers 3 main-level bedrooms, including a primary suite with a private ¾ bath, hardwood floors, an oversized heated garage, solid mechanicals, and the kind of "good bones" that are increasingly hard to find. Move in and update over time, undertake a full renovation, or reimagine the property to suit your vision. For those considering new construction, the expansive lot provides outstanding flexibility, including the potential to utilize the existing foundation or build deeper into the site, with the possibility of reorienting the driveway and entrance from the private side street, Red Point Circle. Enjoy a peaceful backyard setting with nearby parks, trails, and easy access to Lake Minnetonka, downtown Excelsior, Hazelwood, shopping, dining, and all within the highly acclaimed Minnetonka School District. Recent improvements include a new roof (2020), driveway/base and apron improvements (2020/2024), A/C (2023), and a recently replaced furnace heat exchanger. City sewer is connected, and fiber internet service is soon to be available nearby.