721 Rice Street E, Wayzata, MN 55391 (MLS# 7068170)

721 Rice Street E, Wayzata, MN 55391

$3,100,000

Virtual Tour

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Virtual Tour

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Just steps away from Lake Minnetonka and downtown Wayzata.

Family room with floor-to-ceiling windows and hardwood floors.

Family room featuring a wood burning fireplace.

Informal dining area off the family room.

Gourmet kitchen with granite countertops and breakfast bar.

Custom cabinetry and stainless steel appliances.

Four season sun room off the back of the home.

Another view of the four season sun room.

Formal dining room with custom built-in's.

Main floor office with built-in desks and custom cabinetry.

Elevator accommodating two passengers with wheelchair accessibility.

Elevator provides seamless access to all 3 levels.

Mudroom off garage with built-in lockers.

Expansive primary suite with gas fireplace.

Spa-inspired primary bath featuring a double vanity, soaking tub, and in-floor heat.

Primary bath with walk-in shower and direct access to the spacious walk-in closet.

Convenient upper-level laundry room with direct access from the primary walk-in closet and hallway.

Bedroom 2 offers custom built-ins, including a desk and bookcases, plus a walk-in closet.

Bedroom 2 offers direct access to a Jack-and-Jill full bath with private vanity area.

Bedroom 3 featuring custom built-in desk, bookcases, and a walk-in closet.

Bedroom 3 offers direct access to a Jack-and-Jill full bath with a private vanity area.

Lookout lower-level family room offers the perfect setting for entertaining and relaxing.

Another view of lower level family room.

Spacious billiards area with custom built-ins, seamlessly connected to the lower-level family room.

Wet bar featuring granite countertops, refrigerator/freezer, and bar seating, perfect for entertaining.

Climate-controlled wine cellar with storage for approximately 1,000 bottles.

Lower-level fourth bedroom with an en suite full bath leading to a walk-in closet.

Lower-level full bath serves as a private en suite to the fourth bedroom while also offering convenient hallway access.

Private sauna creates the perfect spa-like retreat.

Insulated three-car garage with epoxy flooring, concrete driveway with access to shared driveway easement.

Inviting front patio nestled among the trees, offering a peaceful outdoor retreat.

Your next chapter begins in one of Wayzata's most exceptional homes.

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 6,946 Lot Size (sq. ft.): 10,890 Status: Active

Current Price: $3,100,000 List Date: 8/10/2026 Last Modified: 8/18/2026

Overview

Description

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 famil ... (Read more)

Listing Details MLS# 7068170

General Property Information

Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 2
Waterfront YN: No
Year Built: 2002
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: 3
Bath Half: Yes
Main Floor Total SqFt: 2015
Above Grd Total SqFt: 4160
Below Grd Total SqFt: 2786
Total SqFt: 6946
Total Finished Sqft: 5853.00
FireplaceYN: Yes
Style: (SF) Single Family
Foundation Size: 2786
Garage Stalls: 3
Lot Dimensions: 66 x 166 x 66 x 165
Acres: 0.25
Assessment Pending: No
Bath Three Quarters: 0
Bath Quarter: 0
Association Fee: 0

Property Features

Accessible: Accessible Elevator Installed Air Conditioning: Central Air; Zoned Amenities Unit: Ceiling Fan(s); French Doors; Hardwood Floors; In-Ground Sprinkler; Intercom System; Kitchen Center Island; Kitchen Window; Natural Woodwork; Paneled Doors; Patio; Primary Bedroom Walk-In Closet; Sauna; Security System; Sun Room; Tile Floors; Vaulted Ceiling(s); Walk-In Closet; Washer/Dryer Hookup; Wet Bar Appliances: Air-To-Air Exchanger; Cooktop; Dishwasher; Disposal; Double Oven; Dryer; Electronic Air Filter; Freezer; Microwave; Refrigerator; Trash Compactor; Washer; Water Filtration System Assumable Loan: Not Assumable Basement: Drain Tiled; Egress Windows; Storage Space; Sump Pump Bath Description: Double Sink; Full Jack & Jill; Main Floor 1/2 Bath; Upper Level Full Bath; Full Primary; Private Primary; Full Basement; Bathroom Ensuite; Separate Tub & Shower; Walk-In Shower Stall Construction Status: Previously Owned Dining Room Description: Breakfast Bar; Eat In Kitchen; Separate/Formal Dining Room Electric: 200+ Amp Service; Circuit Breakers Existing Financing: Free and Clear Exterior: Brick/Stone; Stucco; Wood Family Room Characteristics: 2 or More; Lower Level; Main Level Fencing: None Fireplace Characteristics: Gas Burning; Living Room; Primary Bedroom; Wood Burning Foundation: Other Fuel: Natural Gas Heating: Forced Air; In-Floor Heating Laundry: Laundry Room; Sink; Upper Level Lock Box Type: Supra Lot Description: Tree Coverage - Medium; Underground Utilities Parking Characteristics: Driveway - Shared; Floor Drain; Garage Door Opener; Insulated Garage Road Frontage: City Street; Curbs; Sidewalks Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Asphalt Shingles Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Special Search: 2nd Floor Laundry; 3 BR on One Level Stories: Two Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 3100000
ListPrice: 3100000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 721
Street Name: Rice
Street Suffix: Street
Street Direction Suffix: E
Postal City: Wayzata
County: Hennepin
State: MN
Zip Code: 55391
Complex/Dev/Subdivision: Wayzata Rev

Assessments

Tax With Assessments: 28479
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 4160
Finished SqFt Below Ground: 1693

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 22 x 37
Garage Square Feet: 806
Driveway - Shared: Yes
Floor Drain: Yes
Garage Door Opener: Yes
Insulated Garage: Yes

Public Survey Info

Range#: 22
Section#: 06
Township#: 117

Office/Member Info

Association: MAAR

Location, Tax and Other Information

AssocFeeYN: No
Legal Description: LOT 005 BLOCK 011 WAYZATA REVISED
Listing City: Wayzata
Map Page: 104
Municipality: Wayzata
School District: Wayzata
School District Phone: 763-745-5000
Zip Plus 4: 1722
Property ID Number: 0611722130041
Tax Year: 2026
Tax Amount: 28479
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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.
Directions: Wayzata Blvd to Broadway Ave, South 1 block to Rice Street, East to home on the left

Accessible

Accessible Elevator Installed: Yes

Air Conditioning

Central Air: Yes
Zoned: Yes

Amenities Unit

Ceiling Fan(s): Yes
French Doors: Yes
Hardwood Floors: Yes
In-Ground Sprinkler: Yes
Intercom System: Yes
Kitchen Center Island: Yes
Kitchen Window: Yes
Natural Woodwork: Yes
Paneled Doors: Yes
Patio: Yes
Primary Bedroom Walk-In Closet: Yes
Sauna: Yes
Security System: Yes
Sun Room: Yes
Tile Floors: Yes
Vaulted Ceiling(s): Yes
Walk-In Closet: Yes
Washer/Dryer Hookup: Yes
Wet Bar: Yes

Appliances

Air-To-Air Exchanger: Yes
Cooktop: Yes
Dishwasher: Yes
Disposal: Yes
Double Oven: Yes
Dryer: Yes
Electronic Air Filter: Yes
Freezer: Yes
Microwave: Yes
Refrigerator: Yes
Trash Compactor: Yes
Washer: Yes
Water Filtration System: Yes

Assumable Loan

Not Assumable: Yes

Basement

Drain Tiled: Yes
Egress Windows: Yes
Storage Space: Yes
Sump Pump: Yes

Bath Description

Double Sink: Yes
Full Jack & Jill: Yes
Main Floor 1/2 Bath: Yes
Upper Level Full Bath: Yes
Full Primary: Yes
Private Primary: Yes
Full Basement: Yes
Bathroom Ensuite: Yes
Separate Tub & Shower: Yes
Walk-In Shower Stall: Yes

Construction Status

Previously Owned: Yes

Dining Room Description

Breakfast Bar: Yes
Eat In Kitchen: Yes
Separate/Formal Dining Room: Yes

Electric

200+ Amp Service: Yes
Circuit Breakers: Yes

Existing Financing

Free and Clear: Yes

Exterior

Brick/Stone: Yes
Stucco: Yes
Wood: Yes

Family Room Characteristics

2 or More: Yes
Lower Level: Yes
Main Level: Yes

Fencing

None: Yes

Fireplace Characteristics

Gas Burning: Yes
Living Room: Yes
Primary Bedroom: Yes
Wood Burning: Yes

Foundation

Other: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes
In-Floor Heating: Yes

Insurance Fee

Insurance Fee: 0

Laundry

Laundry Room: Yes
Sink: Yes
Upper Level: Yes

Lock Box Type

Supra: Yes

Lot Description

Tree Coverage - Medium: Yes
Underground Utilities: Yes

Patio, Porch and Deck Features

Patio: Yes

Road Frontage

City Street: Yes
Curbs: Yes
Sidewalks: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes
Asphalt Shingles: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Special Search

2nd Floor Laundry: Yes
3 BR on One Level: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

Room Information

Room Name	Dimensions	Level
Bar/Wet Bar Room	10x08	Lower
Dining Room	15x14	Main
Family Room	34x31	Lower
First (1st) Bedroom	21x21	Upper
Fourth (4th) Bedroom	15x14	Lower
Informal Dining Room	15x10	Main
Kitchen	19x16	Main
Laundry	14x10	Upper
Office	15x15	Main
Second (2nd) Bedroom	23x17	Upper
Storage Room	37x22	Lower
Sun Room	14x11	Main
Third (3rd) Bedroom	20x18	Upper
Family Room	27x19	Main

Documents

Rice_NeighborhoodHighlights.pdf ›

Rice_FloorPlan.pdf ›

Rice_HomeHighlights.pdf ›

Listing Office: Lakes Sotheby's International Realty

Last Updated: August - 18 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

721 Rice Street E, Wayzata, MN 55391 (MLS# 7068170)