500 William Street Live just steps from the heart of historic downtown Excelsior in this charming 1 1/2-story bungalow offering over 1, 800 finished square feet and a surprisingly versatile floor plan. The main level features two bedrooms, a full bath, inviting living room, and a beautifully updated kitchen with quartz countertops, new cabinetry, and appliances completed in 2021. Step directly from the kitchen onto the wonderful deck, where privacy fencing creates an intimate outdoor retreat perfect for morning coffee, entertaining, or unwinding at the end of the day. Upstairs, a spacious third bedroom offers the flexibility to serve as a private retreat, home office, or bonus space. The finished lower level expands the possibilities with a comfortable family room, 3/4 bath, and fourth bedroom currently enjoyed as a theater room-equally suited for guests, exercise, or additional flex space. An oversized tuck-under one-car garage and desirable corner lot complete the property. Best of all, leave the car at home and enjoy the restaurants, shops, and small-town charm of downtown Excelsior, the shores of Lake Minnetonka, and the Lake Minnetonka Regional Trail-all just moments from your front door. Located within the Minnetonka School District, this is an exceptional opportunity to enjoy one of the Twin Cities' most beloved lakeside communities.