721 Rice Street E
Wayzata, MN, 55391 $ 3,100,000
Bedrooms4 Baths3.1 Sq 5,853 Monthly Estimate*
$ 21,411
for $3,100,000 with 4 bedrooms and 3 full baths, 1 half bath. This 5,853 square foot home was built in 2002 on a lot size of 0.25.
Set within Wayzata's coveted Bluff neighborhood, this spectacular Keith Waters Parade Home offers timeless architecture, exceptional craftsmanship, and an unrivaled walkable lifestyle. Just moments from Lake Minnetonka, the Panoway Boardwalk, Lake Street, boutique shopping, and acclaimed restaurants, this is a rare opportunity to own one of Wayzata's most distinguished residences. Spanning 5,853 finished square feet, this custom-built home features four bedrooms, four bathrooms, and a three-car garage. A private elevator with wheelchair accessibility provides seamless access to all three levels, while expansive windows fill the home with natural light and showcase the peaceful and private tree-lined setting. Rich custom woodwork and quality finishes are showcased throughout, reflecting the home's timeless design. A dramatic vaulted entry welcomes you into thoughtfully designed living spaces, where a gourmet kitchen flows seamlessly into the informal dining area and light-filled family room with a classic wood-burning fireplace. A formal dining room, executive office with custom built-ins, four-season sunroom, mudroom, powder bath, and inviting front patio complete the main level. Upstairs, the luxurious primary suite offers a gas fireplace, spa-inspired bath, and walk-in closet with direct access to the laundry room. Two additional bedrooms feature walk-in closets, custom built-ins, and a Jack-and-Jill bath with private vanity areas. Designed for entertaining, the lower level features a fourth bedroom with a private en suite, granite wet bar, climate-controlled wine cellar with capacity for approximately 1,000 bottles, sauna, and a rare cold storage room beneath the insulated three-car garage with access from both the home and garage. Offering timeless design, exceptional craftsmanship, and one of Wayzata's most coveted locations, this remarkable residence presents a rare opportunity to experience luxury living at its finest.
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FeaturesGeneralLiving Area 5853
Sewer City Sewer/Connected
Heating Forced Air In-Floor Heating
Cooling Central Air Zoned
Roof Age 8 Years or Less Asphalt
Appliances Air-To-Air Exchanger Cooktop Dishwasher Disposal Double Oven Dryer Electronic Air Filter Exhaust Fan Freezer Humidifier Water Filtration System Microwave Refrigerator Stainless Steel Appliances Tankl
HOA Fee 0
Garage Spaces 3
Year Built 2002
Electric Circuit Breakers 200+ Amp Service
Levels Two
Property Subtype Single Family
Tax Year 2026
Accessibility Accessible Elevator Installed
County Hennepin
New Construction N
Property Type Residential
HOA N
Contingency None
Subdivision Name Wayzata Rev
Full Baths 3
Directions Wayzata Blvd to Broadway Ave South 1 block to Rice Street East to home on the left
City Wayzata
High School District Wayzata
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 28479
Additional Parcels Y/N N
Virtual Tour https://wellcomemat.com/embed/54sn36fbf6a31mo55?mls=1
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s) French Doors Hardwood Floors Intercom System Kitchen Center Island Kitchen Window Primary Bedroom Walk-In Closet Natural Woodwork Patio Paneled Doors Sauna Security System In-Ground Sp
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InteriorBasement Daylight/Lookout Windows Drain Tiled Egress Window(s) Finished Storage Space Sump Basket Sump Pump
Total Fireplaces 2
Fireplace Features Gas Living Room Primary Bedroom Wood Burning
Basement (Y/N) Y
Fireplace Y/N Y
Above Grade Finished Area 4160
Half Baths 1
1/4 Baths 0
3/4 Baths 0
Laundry Features Laundry Room Sink Upper Level
Total Bedrooms 4
Below Grade Finished Area 1693
Total Baths 4
Bath Desc Double Sink Bathroom Ensuite Full Primary Full Basement Full Jack & Jill Private Primary Main Floor 1/2 Bath Separate Tub & Shower Upper Level Full Bath Walk-In Shower Stall
Dining Room Description Breakfast Bar Eat In Kitchen Separate/Formal Dining Room
Fuel Natural Gas
Garage Dimensions 22 x 37
Garage Square Feet 806
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ExteriorFencing None
Parking Features Attached Garage Shared Driveway Floor Drain Garage Door Opener Insulated Garage
Lot Features Tree Coverage - Medium Underground Utilities
Water Source City Water/Connected
Lot Size Area 0.25
Building Area Total 6946
Lot Dimensions 66 x 166 x 66 x 165
Waterfront Y/N N
Foundation Area 2786
Road Frontage Type City Street Curbs Sidewalks
Road Responsibility Public Maintained Road
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* Excluded FeaturesList ByLakes Sotheby's International RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $21,411
- Monthly Property Taxes
- $2,373
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Wayzata, MN
Average List Price $3,720,037
Percent of Sale Price 20%
About Wayzata, MN 4,305 Population
7% Since 2002
$ 73,787 Median Income
48.7 Median Age
18% Households with Children
Trends Information provided by ATTOM Data Solutions.
708614 Elementary School
708529 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/5/2026 | $3,100,000 | | Listed Price |