721 Rice Street E, Wayzata, MN 55391
Local realty services provided by:Better Homes and Gardens Real Estate First Choice
721 Rice Street E,Wayzata, MN 55391
$3,100,000
- 4 Beds
- 4 Baths
- 5,853 sq. ft.
- Single family
- Active
Listed by: carey willis crowell, richard a willis
Office: lakes sotheby's international realty
MLS#:7068170
Source:NSMLS
Price summary
- Price:$3,100,000
- Price per sq. ft.:$446.3
About this home
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....
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Home facts
- Year built:2002
- Subdivision & Development:Wayzata Rev
- Listing ID #:7068170
- Added:94 day(s) ago
- Updated:November 08, 2026 at 01:10 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:3
- Half bathrooms:1
- Dining Description:Breakfast Bar, Eat In Kitchen, Separate/Formal Dining Room
- Bathrooms Description:Bathroom Ensuite, Full Basement, Main Floor 1/2 Bath, Separate Shower and Tub, Upper Level Full Bath, Walk-In Shower Stall
- Kitchen Description:Cooktop, Dishwasher, Disposal, Double Oven, Exhaust Fan, Freezer, Microwave, Refrigerator, Stainless Steel Appliances, Tankless Water Heater, Trash Compactor
- Basement:Yes
- Basement Description:Daylight / Lookout Windows, Drain Tiled, Egress Window(s), Finished, Storage Space, Sump Pump
- Living area:5,853 sq. ft.
Heating and cooling
- Cooling:Central Air, Zoned
- Heating:Forced Air, In-Floor Heating
- Central air:Yes
Structure and exterior
- Roof:Age 8 Years or Less, Asphalt
- Year built:2002
- Building area:5,853 sq. ft.
- Lot area:0.25 Acres
- Lot Features:Tree Coverage - Medium, Underground Utilities
- Levels:2 Story
Utilities
- Water:City Water - Connected
- Sewer:City Sewer - Connected
Finances and disclosures
- Price:$3,100,000
- Price per sq. ft.:$446.3
- Tax amount:$28,479 (2026)
Features and amenities
- Appliances:Disposal, Exhaust Fan, Microwave, Refrigerator, Stainless Steel Appliances, Tankless Water Heater, Washer, Water Softener Owned
- Laundry features:Dryer, Washer
- Amenities:Air-To-Air Exchanger, Electronic Air Filter, Humidifier, Tankless Water Heater, Water Filtration System, Water Softener Owned
Parking
- Parking description:Attached Garage, Floor Drain, Garage Door Opener, Insulated Garage, Shared Driveway
- Garage:Yes
- Garage spaces:3
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