Excelsior is a settlement on Lake Minnetonka in Hennepin County, Minnesota, United States. The population was 2,188 at the 2010 census.
According to the United States Census Bureau, the city has a total area of 0.7 square miles (1.7 km²), of which, 0.6 square miles (1.6 km²) of it is land and 0.1 square miles (0.1 km²) of it (7.46%) is water. Minnesota State Highway 7 serves as a main route.
As of the census of 2000, there were 2,393 people, 1,199 households, and 547 families residing in the city. The population density was 3,822.9 people per square mile (1,466.6/km²). There were 1,254 housing units at an average density of 2,003.3 per square mile (768.5/km²). The racial makeup of the city was 94.07% White, 0.75% African American, 0.33% Native American, 2.21% Asian, 1.55% from other races, and 1.09% from two or more races. Hispanic or Latino of any race were 3.13% of the population.