540 Rice St E

3,601 Sq. Ft.
$736 / Sq. Ft.
3,601
Sq. Ft.
$736
per Sq. Ft.

Description

Luxury Brownstone in the heart of Wayzata. Inside, the incredible finishes and materials set a tone of luxury that carries throughout every room. Custom woodwork, designer carpeting, and rich, full-slab onyx marble finishes define the interiors. The kitchen is a showpiece, featuring a dramatic backlit onyx worktop, while the powder room stuns with illuminated onyx walls. Every bathroom is fully clad in stone, with the upstairs bath offering underfloor heating for added comfort. A solid brass staircase...Luxury Brownstone in the heart of Wayzata. Inside, the incredible finishes and materials set a tone of luxury that carries throughout every room. Custom woodwork, designer carpeting, and rich, full-slab onyx marble finishes define the interiors. The kitchen is a showpiece, featuring a dramatic backlit onyx worktop, while the powder room stuns with illuminated onyx walls. Every bathroom is fully clad in stone, with the upstairs bath offering underfloor heating for added comfort. A solid brass staircase railing with tailored runners and stair rods serves as a striking focal point on the open-concept main level. Backlit tray ceilings above the piano in the main lounge add architectural drama, complementing the multiple fireplaces and elegant design. Offering uninterrupted, year-round views of Lake Minnetonka from the rooftop, this home is a rare offering in both design and location. The expansive primary suite includes a gas fireplace, spa-style walk-through bath with soaking tub, and dual walk-in closets. A flexible lower level functions perfectly as a media room or guest suite, and a rooftop deck delivers sweeping lake views—ideal for entertaining or private relaxation. Additional features include a three-story elevator, radiant in-floor heating, and easy walkability to Wayzata’s acclaimed lakefront, dining, and shopping destinations.
  1. Listed by Coldwell Banker Realty • Meredith A Howell
  2. Listed by Coldwell Banker Realty

Property Details for 540 Rice Street East

Subdivision Name
Rice Street Brownstones Add
Zoning Jurisdiction
Residential-Multi-Family
LISTING UPDATED: 01/29/2026 06:52 PM

Property Details for 540 Rice Street East

StatusActive
MLS #6697633
Days on Compass56
Taxes$23,107 / year
HOA Fees$800 / month
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential / Townhouse Side x Side
Year Built2006
Lot Size0.05 AC / 2,178 SF
CountyHennepin County

Location

Listing Courtesy of Coldwell Banker Realty
Add your commute

Building Information for 540 Rice Street East

Stories-Residences-Year Built2006Lot Size0.05 AC / 2,178 SF

Payment Calculator

$15,641 per month

30 year fixed, 6.15% Interest

Principal and Interest

$12,916

Property Taxes

$1,926

HOA Dues

$800

The Payment Calculator is for illustrative purposes only.

Property Information for 540 Rice Street East

Summary
Location and General Information
  • City Name: Wayzata
  • County Or Parish: Hennepin
  • County: Hennepin-MN
  • Directions: West on Wayzata Boulevard E to South on Minnetonka Avenue S. East on Rice Street E. Home is on the right.
  • Latitude: 44.971619
  • Longitude: -93.513091
  • Map Coordinate: 104-B3
  • City and Location: Wayzata
  • City and Location Text: Wayzata(MN)
  • Postal Code: 55391
  • State Or Province: MN
  • Public Survey Township: 117
Taxes and HOA Information
  • Additional Parcels: No
  • Association Fee: $800.00
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Building Exterior, Hazard Insurance, Lawn Care, Other, Maintenance Grounds, Parking, Snow Removal
  • Association Name: Ellian Management
  • Association Phone: 9522103383
  • Association: Yes
  • Parcel Number: 0611722240097
  • Tax Annual Amount: $23,107.00
  • Tax Legal Description: LOT 002 BLOCK 001 RICE STREET BROWNSTONES ADDN
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2025
  • Tax With Assessments: 23107
School Information
  • High School District: 1280 - Wayzata
  • School District Number: 1280
  • School District Phone: 7637455000
Property
Lot Information
  • Above Grade Fin SQFT: 2933.0
  • Below Grade Fin SQFT: 668.0
  • SQFT Total: 3601.0
  • Living Area Units: Square Feet
  • Lot Features: Public Transit (w/in 6 blks), Tree Coverage - Medium, Zero Lot Line
  • Lot Size Area: 0.05
  • Lot Size Dimensions: 58x35
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Attached: Yes
  • Property Sub Type: Townhouse Side x Side
  • Property Type: Residential
  • SQFT Main Total: 1408
  • Above Grade SqFt Total: 2933
  • Below Grade SqFt Total: 668
Utilities
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: Accessible Elevator Installed
  • Fencing: Partial
  • Foundation Area: 1408.0
  • Fuel: Natural Gas
  • Road Frontage Type: City Street, Curbs, Paved Streets, Sidewalks
  • Road Responsibility: Public Maintained Road
  • Patio Porch Type: Deck
Interior Features
  • Appliances: Cooktop, Dishwasher, Dryer, Exhaust Fan, Microwave, Refrigerator, Wall Oven, Washer
  • Basement Type: Daylight/Lookout Windows, Partial, Partially Finished, Walkout
  • Amenities Unit: Balcony,Deck,French Doors,Hardwood Floors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Natural Woodwork,Paneled Doors,Security System,Washer/Dryer Hookup,Wet Bar,Walk-In Closet
  • Bath Desc: 3/4 Basement,Bathroom Ensuite,Private Primary,Main Floor 1/2 Bath,Separate Tub & Shower,Upper Level 3/4 Bath,Primary Walk-Thru,Walk-In Shower Stall
  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 2
  • Bathrooms Total Count: 4
  • Bedrooms Total: 3
  • Fireplace Features: Gas, Living Room, Primary Bedroom
  • Fireplaces Total: 2
  • FireplaceYN: Yes
  • Cooling: Central Air
  • Dining Room Description: Eat In Kitchen,Informal Dining Room,Kitchen/Dining Room,Living/Dining Room
  • Garage Square Feet: 740
  • Heating: Forced Air, Fireplace(s), In-Floor Heating
  • Laundry Features: Laundry Room, Sink, Upper Level
  • Levels: Two
  • Room List: Deck, Dining Room, Bedroom, Kitchen, Laundry, Living Room, Office, Bedroom 2, Bedroom 3
  • Basement YN: Yes
Room Information
Room 1
  • Room Level: Third
  • Room Type: Deck
Room 2
  • Room Dimensions: 15x13
  • Room Level: Main
  • Room Type: Dining Room
Room 3
  • Room Dimensions: 19x19
  • Room Level: Upper
  • Room Type: Bedroom
Room 4
  • Room Dimensions: 15x13
  • Room Level: Main
  • Room Type: Kitchen
Room 5
  • Room Level: Upper
  • Room Type: Laundry
Room 6
  • Room Dimensions: 33x19
  • Room Level: Main
  • Room Type: Living Room
Room 7
  • Room Dimensions: 15x13
  • Room Level: Upper
  • Room Type: Office
Room 8
  • Room Dimensions: 12x10
  • Room Level: Upper
  • Room Type: Bedroom 2
Room 9
  • Room Dimensions: 24x13
  • Room Level: Lower
  • Room Type: Bedroom 3

Property History for 540 Rice Street East

DateEvent & SourcePriceAppreciation
Jan 29, 2026

Price Change

NorthStar #6697633

$2,650,000
Jan 29, 2026

Listed (Active)

NorthStar #6697633

Nov 19, 2025

Off Market

NorthStar #6697633

Oct 3, 2025

Price Change

NorthStar #6697633

$3,100,000
Oct 3, 2025

Listed (Active)

NorthStar #6697633

Mar 29, 2023

Sold

NorthStar #6348440

$1,867,400
Mar 29, 2023

Pending

NorthStar #6348440

Mar 21, 2023

Sold (Public Record)

Public Record #1508744239

$1,867,400

+15.1% / yr

Mar 30, 2021

Sold

NorthStar #5628612

$1,400,000
Mar 5, 2021

Sold (Public Record)

Public Record #1458693559

$1,400,000

+6.8% / yr

Feb 4, 2021

Pending

NorthStar #5628612

Jul 30, 2020

Listed (Active)

NorthStar #5628612

$1,599,000
Oct 16, 2018

Sold (Public Record)

Public Record #633317397

$1,197,500

+50.7% / yr

Oct 16, 2018

Sold

NorthStar #4844207

$1,197,500
Aug 21, 2018

Pending

NorthStar #4844207

Apr 20, 2018

Sold (Public Record)

Public Record #633947672

$979,482

+146.2% / yr

Jun 18, 2017

Listed (Active)

NorthStar #4844207

$1,995,000
Nov 20, 2009

Sold (Public Record)

Public Record #278964512

$500

-96.4% / yr

May 30, 2007

Sold (Public Record)

Public Record #221686472

$1,842,627
DateEvent & SourcePrice
01/29/2026

Price Change

NorthStar #6697633

$2,650,000
01/29/2026

Listed (Active)

NorthStar #6697633

11/19/2025

Off Market

NorthStar #6697633

10/03/2025

Price Change

NorthStar #6697633

$3,100,000
10/03/2025

Listed (Active)

NorthStar #6697633

03/29/2023

Sold

NorthStar #6348440

$1,867,400
03/29/2023

Pending

NorthStar #6348440

03/21/2023

Sold (Public Record)

Public Record #1508744239

$1,867,400

+15.1% / yr

03/30/2021

Sold

NorthStar #5628612

$1,400,000
03/05/2021

Sold (Public Record)

Public Record #1458693559

$1,400,000

+6.8% / yr

02/04/2021

Pending

NorthStar #5628612

07/30/2020

Listed (Active)

NorthStar #5628612

$1,599,000
10/16/2018

Sold (Public Record)

Public Record #633317397

$1,197,500

+50.7% / yr

10/16/2018

Sold

NorthStar #4844207

$1,197,500
08/21/2018

Pending

NorthStar #4844207

04/20/2018

Sold (Public Record)

Public Record #633947672

$979,482

+146.2% / yr

06/18/2017

Listed (Active)

NorthStar #4844207

$1,995,000
11/20/2009

Sold (Public Record)

Public Record #278964512

$500

-96.4% / yr

05/30/2007

Sold (Public Record)

Public Record #221686472

$1,842,627

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 540 Rice Street East

Taxable ValueLand$1,104,000Additions$787,700Total$1,891,700
Tax Record2025$23,107 ($1,926 / month)
Home Facts
Beds3Baths3Total Finished SqFt2,770 SqFtAbove Grade Finished SqFt2,770 SqFtUnfinished Basement SqFt1,108 SqFtStories2Lot Size2,178 SqFtStyleTownhouseYear Built2006CountyHENNEPINAPN06-117-22-24-0097Fireplace TypeHas Fireplace

Schools near 540 Rice Street East

This home is within Wayzata Public School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Gleason Lake Elementary School
PublicK to 5

Wayzata West Middle School
Public6 to 8

Wayzata High School
Public9 to 12

Central Middle Alternative (Cmap)
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

540 Rice Street East is a townhouse for sale in Wayzata, MN 55391. This property was listed for sale on October 3, 2025 by Coldwell Banker Realty, it's currently listed at $2,650,000. It has been on the market for a total of 56 days and was last sold on March 29, 2023. This listing's school district is Wayzata Public School District. Nearby schools include Gleason Lake Elementary School, Wayzata West Middle School and Wayzata High School. 540 Rice Street East is a 3-bed, 4-bath, 3,601 sqft townhouse built in 2006.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty

Based on information submitted to the MLS GRID as of 01/29/2026 06:52 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.