721 Rice Street E, Wayzata, MN

$3,100,000

4

Beds

4

Baths

6,946

Square feet

0.25

Acres

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.

Features of 721 Rice Street E

MLS® # 7068170
Price $3,100,000
Bedrooms 4
Bathrooms 4.00
Full Baths 3
Half Baths 1
Square Footage 6,946
Finished SQFT 5,853
Acres 0.25
Year Built 2002
Type Single Family
Sub-Type Residential
Status Active
Contingency Type None

Community Information

Address 721 Rice Street E
Subdivision Wayzata Rev
City Wayzata
County Hennepin
State MN
Zip Code 55391

Amenities

Parking Attached Garage, Shared Driveway, Floor Drain, Garage Door Opener, Insulated Garage
# of Garages 3
Is Waterfront No
Has Pool No

Interior

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
Fireplace Yes
# of Fireplaces 2
Has Basement Yes
Basement Daylight/Lookout Windows, Drain Tiled, Egress Window(s), Finished, Storage Space, Sump Basket, Sump Pump

Exterior

Exterior Features Stone, Stucco, Wood
Lot Description Tree Coverage - Medium, Underground Utilities
Roof Age 8 Years or Less, Asphalt

School Information

District Wayzata

Additional Information

Zoning Residential-Single Family
Foreclosure No
Short Sale No
Taxes $28,479
Tax Year 2026
Office Lakes Sotheby's International Realty

Listing Details

OfficeLakes Sotheby's International Realty

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