$3,100,000
 $16,641 est/mo Sourced by Back At You

721 Rice Street E,Wayzata, MN 55391

Wayzata, MN 55391

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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. 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.

Details

MLS #7068170
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year2002
Days On Site18
Listing Provided ByLakes Sotheby's International Realty | Carey Willis Crowell

Features

Bed(s)4
Bath(s) 4 Total
SQ Feet5,853
Garage3
BasementY
Story(s)2
ZoningResidential-Single Family
Acreage0.25

Interior

CoolingCentral Air, Zoned
HeatingForced Air, In-Floor Heating
AppliancesAir-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

Exterior

RoofAge 8 Years or Less, Asphalt
Lot FeaturesTree Coverage - Medium, Underground Utilities

Parking

Parking FeaturesAttached Garage, Shared Driveway, Floor Drain, Garage Door Opener, Insulated Garage

Taxes

Property28479

Area Information

StateMN
CountyHennepin
CityWayzata
Zip Code55391
Community NameWayzata Rev
School District284
High SchoolWayzata
Listing VS Median (in Wayzata Rev)
Price:
$3,100,000
low | high
Med:
$2,522,500
68.629032258065% of Average
sqft:
5,853
low | high
Med:
3,136
96.420638988553% of Average
$ / sqft:
$530
low | high
Med:
$892
18.379185600237% of Average
On site:
18
low | high
Med:
64.5
27.906976744186% of Average
Sourced by Back At You

Market Activity 55391

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 Listings courtesy of Northstar MLS as distributed by MLS GRID. 

Based on information submitted to the MLS GRID as of August 23, 2026 at 9:28:08 PM PDT 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.

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Learn More About This Property

StateMN
CountyHennepin
CityWayzata
Zip Code55391
Community NameWayzata Rev
School District284
High SchoolWayzata
Listing VS Median (in Wayzata Rev)
Price:
$3,100,000
low | high
Med:
$2,522,500
68.629032258065% of Average
sqft:
5,853
low | high
Med:
3,136
96.420638988553% of Average
$ / sqft:
$530
low | high
Med:
$892
18.379185600237% of Average
On site:
18
low | high
Med:
64.5
27.906976744186% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.325M - $3.875M
sqft: 4,000 - 7,000
Nearby Listings Property ImageNearby Listings Details
715 Rice Street E Property Photo 1
$3,998,000
715 Rice Street E
Wayzata, MN 55391
726 Widsten Circle Property Photo 1
$3,950,000
726 Widsten Circle
Wayzata, MN 55391
724 Widsten Circle Property Photo 1
$2,999,900
724 Widsten Circle
Wayzata, MN 55391
Listing Updated: August 20, 2026 at 8:17:42 AM PDT
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