For Sale House MLS# 7068170

721 Rice Street E

Wayzata, MN 55391

$3,100,000

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Take the tour

About 721 Rice Street E

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.

Property details

Property

Type
Single Family
MLS type
Single Family Home
Status
Active
Year built
2002
Stories
Two
Living area
5,853 sqft
Price / sqft
$530
Lot
0.25
Full baths
3
Half baths
1
Original price
$3,100,000
MLS #
7068170

Interior

Features
Central Air, Zoned, 0, Forced Air, In-Floor Heating, Laundry Room, Sink, Upper Level, Daylight/Lookout Windows, Drain Tiled, Egress Window(s), Finished, Storage Space, Sump Basket, Sump Pump, Gas, Living Room, Primary Bedroom, Wood Burning, Fireplace, Fireplaces: 2, 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
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
Heating
Forced Air, In-Floor Heating
Cooling
Central Air, Zoned
Fireplaces
2
Laundry
Laundry Room, Sink, Upper Level

Exterior & lot

Features
Stone, Stucco, Wood, Attached Garage, Shared Driveway, Floor Drain, Garage Door Opener, Insulated Garage
Construction
Two, Other, Age 8 Years or Less, Asphalt
Roof
Age 8 Years or Less, Asphalt
Foundation
Other
Lot
0611722130041
Parking
Attached Garage, Shared Driveway, Floor Drain, Garage Door Opener, Insulated Garage
Garage spaces
3

Schools

District
Wayzata Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected, Circuit Breakers, 200+ Amp Service
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$28,479
Tax year
2026
Parcel
0611722130041

Location

Subdivision
Wayzata Rev
County
Hennepin
Community
Hennepin, City Street, Curbs, Sidewalks, 0.0, northstar, Wayzata
Directions
Wayzata Blvd to Broadway Ave, South 1 block to Rice Street, East to home on the left

Location

Neighborhood
Wayzata Rev
School district
Wayzata Public School District

Ask about this property

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Listed by Carey Willis Crowell, Lakes Sotheby's International Realty

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.