LKV Realty
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$3,100,000
$7,200Reward *
721 Rice Street E, Wayzata, MN 55391Listing ID 7068170

721 Rice Street E, Wayzata, MN 55391

Active
Wayzata Rev
Time on site: 6 daysLast updated: 1 day ago
Property Type
Property Type
Residential
Property Sub Type
Property Sub Type
Single Family
Bedrooms
Bedrooms
4
Bathrooms
Bathrooms
4
Square Feet
Square Feet
6,946
Days on Site
Days on Site
1
Cooling
Cooling
Central Air, Zoned
Heating
Heating
Forced Air, In-Floor Heating
Year Built
Year Built
2002
Garages
Garages
3
Parking
Parking
Attached Garage, Shared Driveway, Floor Drain, Garage Door Opener, Insulated Garage

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 Information

Property Details

Location

Address
721 Rice Street E
County
Hennepin
City
Wayzata
Zip Code
55391
Subdivision
Wayzata Rev
School District
Wayzata

Interior Features

Beds and Baths

Bedrooms
4
Full Bathrooms
3
Half Bathrooms
1

Building

Building Information

Square Feet
6,946
Year Built
2002
Foundation
Other
Roof
Age 8 Years or Less, Asphalt

Property Taxes

Tax Annual Amount
$28,479
Tax Year
2026
Fazendin REALTORS, (952) 473-7000

Market Report for 55391

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: Northstar MLS
Northstar MLS logo

Based on information submitted to the MLS GRID as of 11 Aug 2026, 03:58 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

For corrections to this data please contact Brytecore MLS Support.

NST502045327 • NST502002464