4 beds5,853 sqft$530/sqft
721 Rice St E, Wayzata, MN 55391
Est: $18,130/moGet pre-approved

Description

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....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.
LISTING UPDATED: 08/14/2026 06:24 PM

  1. Listed by Lakes Sotheby's International Realty
  2. Listed by Fazendin REALTORS

Property Details for 721 Rice Street East

Status
MLS #
7068170
Days on Compass
14
Taxes
$28,479 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Single Family
Year Built
2002
Lot Size
0.25 AC / 10,890 SF
Subdivision Name
Wayzata Rev
Waterfront YN
No
Zoning Jurisdiction
Residential-Single Family

Location

Listing Courtesy of Lakes Sotheby's International Realty; Fazendin REALTORS
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Building Information for 721 Rice Street East

Stories-Year Built2002Building Size-Lot Size0.25 AC / 10,890 SF

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$18,130 per month

30 year fixed, 6.55% Interest

Principal and Interest

$15,757

Property Taxes

$2,373

HOA Dues

$0

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Property Information for 721 Rice Street East

Summary
Location and General Information
  • City Name: Wayzata
  • County Or Parish: Hennepin
  • County: Hennepin-MN
  • Directions: Wayzata Blvd to Broadway Ave, South 1 block to Rice Street, East to home on the left
  • Latitude: 44.971411
  • Longitude: -93.509751
  • Map Coordinate: 104-C3
  • 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: $.00
  • Association: No
  • Parcel Number: 0611722130041
  • Tax Annual Amount: $28,479.00
  • Tax Legal Description: LOT 005 BLOCK 011 WAYZATA REVISED
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2026
  • Tax With Assessments: 28479
School Information
  • High School District: 284 - Wayzata
  • School District Number: 284
  • School District Phone: 7637455000
Property
Lot Information
  • Above Grade Fin SQFT: 4160.0
  • Below Grade Fin SQFT: 1693.0
  • SQFT Total: 5853.0
  • Living Area Units: Square Feet
  • Lot Features: Tree Coverage - Medium, Underground Utilities
  • Lot Size Area: 0.25
  • Lot Size Dimensions: 66 x 166 x 66 x 165
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Attached: No
  • Property Sub Type: Single Family
  • Property Type: Residential
  • SQFT Main Total: 2015
  • Building Area Total: 6946.0
  • Above Grade SqFt Total: 4160
  • Below Grade SqFt Total: 2786
Utilities
  • Electric: Circuit Breakers, 200+ Amp Service
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: Accessible Elevator Installed
  • Exterior Features: Stone, Stucco, Wood
  • Fencing: None
  • Foundation Area: 2786.0
  • Foundation Details: Other
  • Fuel: Natural Gas
  • Road Frontage Type: City Street, Curbs, Sidewalks
  • Road Responsibility: Public Maintained Road
  • Roof: Age 8 Years or Less, Asphalt
  • Patio Porch Type: Patio
Interior Features
  • 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
  • Basement Type: Daylight/Lookout Windows, Drain Tiled, Egress Window(s), Finished, Storage Space, Sump Basket, Sump Pump
  • Amenities Unit: 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
  • Bath Desc: Double Sink,Bathroom Ensuite,Full Primary,Full Basement,Full Jack & Jill,Private Primary,Main Floor 1/2 Bath,Separate Tub & Shower,Upper Level Full Bath,Walk-In Shower Stall
  • Bathrooms Full: 3
  • Bathrooms Half: 1
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total Count: 4
  • Bedrooms Total: 4
  • Fireplace Features: Gas, Living Room, Primary Bedroom, Wood Burning
  • Fireplaces Total: 2
  • FireplaceYN: Yes
  • Cooling: Central Air, Zoned
  • Dining Room Description: Breakfast Bar,Eat In Kitchen,Separate/Formal Dining Room
  • Garage Dimensions: 22 x 37
  • Garage Square Feet: 806
  • Heating: Forced Air, In-Floor Heating
  • Laundry Features: Laundry Room, Sink, Upper Level
  • Levels: Two
  • Room List: Bar/Wet Bar Room, Dining Room, Family Room, Bedroom, Bedroom 4, Informal Dining Room, Kitchen, Laundry, Office, Bedroom 2, Sauna, Storage, Sun Room, Bedroom 3
  • Basement YN: Yes
Room Information
Room 1
  • Room Dimensions: 10x08
  • Room Level: Lower
  • Room Type: Bar/Wet Bar Room
Room 2
  • Room Dimensions: 15x14
  • Room Level: Main
  • Room Type: Dining Room
Room 3
  • Room Dimensions: 27x19
  • Room Level: Main
  • Room Type: Family Room
Room 4
  • Room Dimensions: 34x31
  • Room Level: Lower
  • Room Type: Family Room
Room 5
  • Room Dimensions: 21x21
  • Room Level: Upper
  • Room Type: Bedroom
Room 6
  • Room Dimensions: 15x14
  • Room Level: Lower
  • Room Type: Bedroom 4
Room 7
  • Room Dimensions: 15x10
  • Room Level: Main
  • Room Type: Informal Dining Room
Room 8
  • Room Dimensions: 19x16
  • Room Level: Main
  • Room Type: Kitchen
Room 9
  • Room Dimensions: 14x10
  • Room Level: Upper
  • Room Type: Laundry
Room 10
  • Room Dimensions: 15x15
  • Room Level: Main
  • Room Type: Office
Room 11
  • Room Dimensions: 23x17
  • Room Level: Upper
  • Room Type: Bedroom 2
Room 12
  • Room Dimensions: 06x05
  • Room Level: Lower
  • Room Type: Sauna
Room 13
  • Room Dimensions: 37x22
  • Room Level: Lower
  • Room Type: Storage
Room 14
  • Room Dimensions: 14x11
  • Room Level: Main
  • Room Type: Sun Room
Room 15
  • Room Dimensions: 20x18
  • Room Level: Upper
  • Room Type: Bedroom 3

Property History for 721 Rice Street East

DateEvent & SourcePriceAppreciation
Aug 10, 2026

Listed (Active)

NorthStar #7068170

—
Aug 16, 2001

Sold (Public Record)

Public Record #76986115

$280,000—
Jul 25, 2001

Off Market

NorthStar #1544615

—
DateEvent & SourcePrice
08/10/2026

Listed (Active)

NorthStar #7068170

—
08/16/2001

Sold (Public Record)

Public Record #76986115

$280,000
07/25/2001

Off Market

NorthStar #1544615

—

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

Public Records for 721 Rice Street East

Taxable ValueLand$950,300Additions$1,297,100Total$2,247,400
Tax Record2025$28,479 ($2,373 / month)
Home Facts
Beds4Baths3.5Total Finished SqFt4,498 SqFtAbove Grade Finished SqFt4,498 SqFtStories2Lot Size10,890 SqFtStyleSingle Family ResidenceYear Built2002Year Renovated2010CountyHENNEPINAPN06-117-22-13-0041

Schools near 721 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

721 Rice Street East is a single family home for sale in Wayzata, MN 55391. This property was listed for sale on August 10, 2026 by Lakes Sotheby's International Realty, it's currently listed at $3,100,000. It has been on the market for a total of 14 days and was last sold on August 16, 2001. 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. 721 Rice Street East is a 4-bed, 4-bath, 5,853 sqft single family home built in 2002.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lakes Sotheby's International Realty; Fazendin REALTORS

Based on information submitted to the MLS GRID as of 08/14/2026 06:24 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.