721 Rice Street E Wayzata, MN 55391

$3,100,000
Active
estimated monthly payment
4 Beds  |  4 Baths  |  5,853 Sq Ft  |  Single Family  |  MLS # 7068170
  • Welcome to 721 Rice Street E!
    Welcome to 721 Rice Street E!
  • Custom built by Keith Waters in 2002.
    Custom built by Keith Waters in 2002.
  • Private tree-lined setting.
    Private tree-lined setting.
  • Just steps away from Lake Minnetonka and downtown Wayzata.
    Just steps away from Lake Minnetonka and downtown Wayzata.
  • Inviting front patio nestled among the trees, offering a peaceful outdoor retreat.
    Inviting front patio nestled among the trees, offering a peaceful outdoor retreat.
  • Inviting front entry.
    Inviting front entry.
  • View from front door.
    View from front door.
  • Family room with floor-to-ceiling windows and hardwood floors.
    Family room with floor-to-ceiling windows and hardwood floors.
  • Family room featuring a wood burning fireplace.
    Family room featuring a wood burning fireplace.
  • Informal dining area off the family room.
    Informal dining area off the family room.
  • View from informal dining area.
    View from informal dining area.
  • Gourmet kitchen with granite countertops and breakfast bar.
    Gourmet kitchen with granite countertops and breakfast bar.
  • Custom cabinetry and stainless steel appliances.
    Custom cabinetry and stainless steel appliances.
  • Another view of kitchen.
    Another view of kitchen.
  • Four season sun room off the back of the home.
    Four season sun room off the back of the home.
  • Another view of the four season sun room.
    Another view of the four season sun room.
  • Formal dining room with custom built-in's.
    Formal dining room with custom built-in's.
  • Another view of dining room.
    Another view of dining room.
  • Main floor office with built-in desks and custom cabinetry.
    Main floor office with built-in desks and custom cabinetry.
  • Powder bathroom
    Powder bathroom
  • Elevator accommodating two passengers with wheelchair accessibility.
    Elevator accommodating two passengers with wheelchair accessibility.
  • Elevator provides seamless access to all 3 levels.
    Elevator provides seamless access to all 3 levels.
  • Mudroom off garage with built-in lockers.
    Mudroom off garage with built-in lockers.
  • Sun-filled upper level walkway.
    Sun-filled upper level walkway.
  • Expansive primary suite with gas fireplace.
    Expansive primary suite with gas fireplace.
  • Another view of the primary suite.
    Another view of the primary suite.
  • Spa-inspired primary bath featuring a double vanity, soaking tub, and in-floor heat.
    Spa-inspired primary bath featuring a double vanity, soaking tub, and in-floor heat.
  • Primary bath with walk-in shower and direct access to the spacious walk-in closet.
    Primary bath with walk-in shower and direct access to the spacious walk-in closet.
  • Convenient upper-level laundry room with direct access from the primary walk-in closet and hallway.
    Convenient upper-level laundry room with direct access from the primary walk-in closet and hallway.
  • Upper level bedroom 2
    Upper level bedroom 2
  • Bedroom 2 offers custom built-ins, including a desk and bookcases, plus a walk-in closet.
    Bedroom 2 offers custom built-ins, including a desk and bookcases, plus a walk-in closet.
  • Another view of bedroom 2.
    Another view of bedroom 2.
  • Bedroom 2 offers direct access to a Jack-and-Jill full bath with private vanity area.
    Bedroom 2 offers direct access to a Jack-and-Jill full bath with private vanity area.
  • Upper level Bedroom 3.
    Upper level Bedroom 3.
  • Bedroom 3 featuring custom built-in desk, bookcases, and a walk-in closet.
    Bedroom 3 featuring custom built-in desk, bookcases, and a walk-in closet.
  • Another view of bedroom 3.
    Another view of bedroom 3.
  • Bedroom 3 offers direct access to a Jack-and-Jill full bath with a private vanity area.
    Bedroom 3 offers direct access to a Jack-and-Jill full bath with a private vanity area.
  • Lookout lower-level family room offers the perfect setting for entertaining and relaxing.
    Lookout lower-level family room offers the perfect setting for entertaining and relaxing.
  • Another view of lower level family room.
    Another view of lower level family room.
  • Spacious billiards area with custom built-ins, seamlessly connected to the lower-level family room.
    Spacious billiards area with custom built-ins, seamlessly connected to the lower-level family room.
  • Wet bar featuring granite countertops, refrigerator/freezer, and bar seating, perfect for entertaining.
    Wet bar featuring granite countertops, refrigerator/freezer, and bar seating, perfect for entertaining.
  • Climate-controlled wine cellar with storage for approximately 1,000 bottles.
    Climate-controlled wine cellar with storage for approximately 1,000 bottles.
  • Lower-level fourth bedroom with an en suite full bath leading to a walk-in closet.
    Lower-level fourth bedroom with an en suite full bath leading to a walk-in closet.
  • Another view of the 4th bedroom.
    Another view of the 4th bedroom.
  • Lower-level full bath serves as a private en suite to the fourth bedroom while also offering convenient hallway access.
    Lower-level full bath serves as a private en suite to the fourth bedroom while also offering convenient hallway access.
  • Another view of lower level full bath.
    Another view of lower level full bath.
  • Private sauna creates the perfect spa-like retreat.
    Private sauna creates the perfect spa-like retreat.
  • 721 Rice Street E, Wayzata, MN 55391 Listing Photo  48
  • 721 Rice Street E, Wayzata, MN 55391 Listing Photo  49
  • Insulated three-car garage with epoxy flooring, concrete driveway with access to shared driveway easement.
    Insulated three-car garage with epoxy flooring, concrete driveway with access to shared driveway easement.
  • 721 Rice Street E, Wayzata, MN 55391 Listing Photo  51
  • 721 Rice Street E, Wayzata, MN 55391 Listing Photo  52
  • Inviting front patio nestled among the trees, offering a peaceful outdoor retreat.
    Inviting front patio nestled among the trees, offering a peaceful outdoor retreat.
  • Private tree-lined setting.
    Private tree-lined setting.
  • Your next chapter begins in one of Wayzata's most exceptional homes.
    Your next chapter begins in one of Wayzata's most exceptional homes.
  • Floor Plan
    Floor Plan

About The Listing

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 courtesy of Carey Willis Crowell, Lakes Sotheby's International Realty
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Property Details

Features

 
 
 
Property Type: Single Family
Status: Active
Contingency Type: None
Year Built: 2002
MLS #: 7068170
Bedrooms: 4
Square Feet: 5,853
Bathrooms (Full): 3
Price Per Square Foot: $530
Bathrooms (Half) : 1
Bathrooms (Three Quarters) : 0
Garage Spaces: 3
Parking Description: Attached Garage, Shared Driveway, Floor Drain, Garage Door Opener, Insulated Garage
Sewer Description: City Sewer/Connected
Air Conditioning Type: Central Air, Zoned
Water: City Water/Connected
Heat Type: Forced Air, In-Floor Heating
Basement: Daylight/Lookout Windows, Drain Tiled, Egress Window(s), Finished, Storage Space, Sump Basket, Sump Pump
Foundation Type: Other
Roof Description: Age 8 Years or Less, Asphalt
Days On Market (Continuous): 0
Disability Features: Accessible Elevator Installed
Latest Update: 11/03/2026
List Date: 08/09/2026
Listing Agent ID: 502045327
Listing Office: Lakes Sotheby's International Realty
Listing Office ID: 300152
Data Source: NorthstarMLS - The Regional MLS of Minnesota
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
Fireplace Features: Gas, Living Room, Primary Bedroom, Wood Burning
Laundry Features: Laundry Room, Sink, Upper Level
Number of Fireplaces: 2
Exterior Features: Stone, Stucco, Wood
Fence: None
Lot Dimensions: 66 x 166 x 66 x 165
Lot Size: 0.25 Acres
Lot Features: Tree Coverage - Medium, Underground Utilities
School District: Wayzata
Tax Year: 2026
Estimated Taxes: $28,479
Contingency Type: None
City: Wayzata
Zip: 55391
County: Hennepin
Subdivision: Wayzata Rev
State: MN

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Listing last updated: 11/03/26

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