721 Rice Street E Wayzata, MN 55391
Listing Courtesy of: MLS LogoNORTHSTAR MLS as distributed by MLS GRID / Listed By: Carey Willis Crowell, Lakes Sotheby's International Realty; Richard "Dick" Willis, Lakes

  721 Rice Street E Wayzata, MN 55391

Active (0 Days)
$3,100,000 (USD)
4
BED
4
BATH
5,853
SQFT

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.

MLS #:
7068170
Taxes
$28,479(2026)
Lot Size
0.25 acres
Type
Single-Family Home
Year Built
2002
Style
Two
School District
Wayzata
County
Hennepin County

Listed By

Carey Willis Crowell, Lakes Sotheby's International Realty
Richard "Dick" Willis, Lakes Sotheby's International Realty
Source
NORTHSTAR MLS
Last checked Oct 14 2026 at 7:13 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 3
  • Half Bathroom: 1
Interior Features
  • Dishwasher
  • Cooktop
  • Microwave
  • Refrigerator
  • Washer
  • Dryer
  • Water Softener Owned
  • Disposal
  • Exhaust Fan
  • Humidifier
  • Electronic Air Filter
  • Air-to-Air Exchanger
  • Freezer
  • Tankless Water Heater
  • Trash Compactor
  • Water Filtration System
  • Double Oven
  • Stainless Steel Appliances
Subdivision
  • Wayzata Rev
Lot Information
  • Tree Coverage - Medium
  • Underground Utilities
Property Features
  • Fireplace: Living Room
  • Fireplace: Wood Burning
  • Fireplace: Gas
  • Fireplace: 2
  • Fireplace: Primary Bedroom
Heating and Cooling
  • Forced Air
  • In-Floor Heating
  • Central Air
  • Zoned
Basement Information
  • Drain Tiled
  • Sump Pump
  • Storage Space
  • Finished
  • Daylight/Lookout Windows
  • Egress Window(s)
  • Sump Basket
Exterior Features
  • Roof: Age 8 Years or Less
  • Roof: Asphalt
Utility Information
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
Parking
  • Attached Garage
  • Insulated Garage
  • Garage Door Opener
  • Floor Drain
  • Shared Driveway
Stories
  • 2
Living Area
  • 5,853 sqft
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Mortgage calculator estimates are provided by Lakes Sotheby's International Realty and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Lakes are marked with the Broker Reciprocity SM logo or the Broker Reciprocity SM thumbnail logo and detailed information about them includes the name of the listing brokers.Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.© 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Based on information submitted to the MLS GRID as of 10/14/2026 19:13. 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.