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$3,100,000

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 1 Partial Bath
  • 5,853 Sq. Ft.
  • 3 Car Garage
  • Updated 5 days ago

Next open house:

Open House: 11:00 AM - 1:00 PM

Tuesday 8/18 11:00 AM - 1:00 PM

721 Rice Street E,Wayzata, MN 55391

721 Rice Street EWayzataMN55391

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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.

Full Property Details for 721 Rice St E

General

  • Price: $3,100,000
  • Taxes: $28,479 (2026)
  • Status: Active
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7068170
  • Updated: 8/12/2026
  • Added to Site: 13 day(s) ago

Interior

  • Fireplace: Yes
  • Number of Fireplaces: 2
  • Fireplace(s): Gas, Living Room, Primary Bedroom, Wood-Burning
  • 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, Tankless Water Heater, Trash Compactor, Washer, Water Softener Owned

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Eat-in kitchen: Yes
  • Dining Room: Breakfast Bar, Eat-In Kitchen, Separate Formal Dining Room
  • Formal Dining Room: Breakfast Bar, Eat In Kitchen, Separate/Formal Dining Room
  • Laundry: Laundry Room, Sink, Upper Level, Laundry Room, Sink, Upper Level

Additional Information

  • Amenities: 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 Sprinkler, Sun Room, Tile Floors, Vaulted Ceiling(s), Washer/Dryer Hookup, Wet Bar, Walk-In Closet

Exterior

  • Porch/Patio/Deck: Patio

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Description: 22 x 37
  • Garage Spaces: 3
  • Parking Features: Attached Garage, Shared Driveway, Floor Drain, Garage Door Opener, Insulated Garage

Location

  • County: Hennepin
  • Township: Wayzata
  • Subdivision: Wayzata Rev
  • Driving Directions: Wayzata Blvd to Broadway Ave, South 1 block to Rice Street, East to home on the left

School Information

  • School District: 284 - Wayzata
  • High School District: Wayzata

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air, Zoned
  • Heating Type: Forced Air, In-Floor Heating
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Daylight/Lookout Windows, Drain Tiles, Egress Window(s), Finished, Storage Space, Sump Basket, Sump Pump
  • Foundation Size: 2786
  • Roof: Age 8 Years or Less, Asphalt
  • Disability Access: Accessible Elevator Installed
  • Square Feet: 5,853
  • Above Ground: 4,160 Sq. Ft.
  • Below Ground: 2,786 Sq. Ft.
  • Finished Down/Base.: 6,946 Sq. Ft.
  • Year Built: 2002

Lot Features

  • Lot Size (Acres): 0.25
  • Lot Dimensions: 66 x 166 x 66 x 165
  • Frontage: City Street, Curbs, Sidewalks
  • Zoning: Residential-Single Family
  • Lot Description: Medium Tree Coverage, Underground Utilities

Financial Considerations

  • Tax Amount: $28,479
  • Tax Year: 2026
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: LOT 005 BLOCK 011 WAYZATA REVISED
  • Property ID: 611722130041

Listed by Lakes Sotheby's International Realty

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Listing agents

— 721 Rice St E —

  • Lakes Sotheby's International Realty

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NMLS#: 1598647

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Schools serving 721 Rice St E

School District:Wayzata Public School District
NameGradesDistance
Gleason Lake Elementary School
310 County Road 101, Plymouth, MN 55447
K-50.8 mi
Wayzata West Middle School
149 Barry Avenue North, Wayzata, MN 55391
6-80.5 mi
Wayzata High School
4955 Peony Lane North, Plymouth, MN 55446
9-125.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 721 Rice St E Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/10/2026
Listed
$3,100,000
1007.14%
MLS
8/16/2001
Sold
$280,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 721 Rice St E

Year
Property Taxes
Change
Tax Assessment
Change
2025
$28,479
8%
$2,247,400
5%
2025
$26,333
3%
$2,144,000
-1%
2023
$25,606
20%
$2,172,300
22%
2023
$21,383
—
$1,777,000
13%
2023
$21,383
2%
$1,573,000
4%
2020
$21,058
9%
$1,513,000
9%
2019
$19,302
6%
$1,389,000
7%
2018
$18,291
4%
$1,299,000
4%
2017
$17,671
1%
$1,250,000
4%
2016
$17,447
3%
$1,198,000
5%
2015
$17,014
5%
$1,140,000
7%
2014
$16,212
-2%
$1,070,000
-3%
2013
$16,522
—
$1,101,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Lakes Sotheby's International Realty

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721 Rice Street E, Wayzata, MN 55391 (MLS# 7068170) is a Single Family property with 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 721 Rice Street E is currently listed for $3,100,000 and was received on August 05, 2026. Want to learn more about 721 Rice Street E? Do you have questions about finding other Single Family real estate for sale in Wayzata? You can browse all Wayzata real estate or contact a Coldwell Banker agent to request more information.

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