Listed at
$3,100,000
$530/sqft

Wayzata Rev

721 Rice Street, Wayzata, MN, 55391
4  Bedrooms4  Bathrooms5,853  Square Feet0.25  Acres
Days on market49
Year built2002
Garage spaces3
TypeResidential
Est. $90,000buyer credit when you buy with SODL
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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.

View this property at

Date
Sep 26, 2026
Time
4pm – 7pm
Address
721 Rice Street, Wayzata, MN, 55391

Listed By: Lakes Sotheby's International Realty • NST7068170 • Source: Property Details provided by NorthstarMLS and may not match the public record.

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Home facts

Property typeResidential
Property subtypeSingle Family
Year built2002
LevelsTwo
Living area5,853 sqft
Above-grade finished4,160 sqft
Below-grade finished1,693 sqft
Lot size0.25 acres (66 x 166 x 66 x 165)
Days on market49
ListedAug 5, 2026
MLS #NST7068170
CountyHennepin
SubdivisionWayzata Rev
Parcel #0611722130041

Facts & features

Interior

Bedrooms
4
Bathrooms
4
Bath breakdown
3 full / 1 half
Heating
Forced Air, In-Floor Heating
Cooling
Central Air, Zoned
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

Property

Levels / stories
Two
Garage
3 spaces · 22 x 37 · 806 sqft
Parking features
Attached Garage, Shared Driveway, Floor Drain, Garage Door Opener, Insulated Garage
Patio & porch
Patio
Exterior features
Stone, Stucco, Wood
Fencing
None

Construction

Property type
Residential
Property subtype
Single Family
Foundation
Other · 2,786 sqft
Roof
Age 8 Years or Less, Asphalt
Year built
2002

Utilities

Water
City Water/Connected
Sewer
City Sewer/Connected
Fuel
Natural Gas
Electric
Circuit Breakers, 200+ Amp Service

Community & HOA

Subdivision
Wayzata Rev
HOA
No HOA
School district
284 - Wayzata
High school district
Wayzata

Financial & listing details

Annual tax
$28,479 (2026)
Listed
Aug 5, 2026
Days on market
49
Manufactured home
Yes

Interior details

Total bathrooms4
Full baths3
3/4 baths0
Half baths1
1/4 baths0
BasementDaylight/Lookout Windows, Drain Tiled, Egress Window(s), Finished, Storage Space, Sump Basket, Sump Pump
HeatingForced Air, In-Floor Heating
CoolingCentral Air, Zoned
Fireplaces2
LaundryLaundry Room, Sink, Upper Level
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
DiningBreakfast Bar, Eat In Kitchen, Separate/Formal Dining Room
AmenitiesCeiling 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
AccessibilityAccessible Elevator Installed
Special features2nd Floor Laundry, 3 BR on One Level

Exterior & lot

ExteriorStone, Stucco, Wood
RoofAge 8 Years or Less, Asphalt
FoundationOther
Foundation area2,786 sqft
Patio/porchPatio
Lot featuresTree Coverage - Medium, Underground Utilities
Road frontageCity Street, Curbs, Sidewalks
Road responsibilityPublic Maintained Road
ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected
SewerCity Sewer/Connected
FuelNatural Gas

Parking & garage

ParkingAttached Garage, Shared Driveway, Floor Drain, Garage Door Opener, Insulated Garage
Garage spaces3
Garage size806 sqft

Financial details

Annual taxes$28,479
Tax year2026
Taxes w/ assessments28479
Assessment pendingNo
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District284 - Wayzata
District number284
District phone7637455000
High schoolWayzata
SODL flat fee brokerage
$90,000Estimated buyer credit
SODL platform fee $3,000Your buyer credit $90,000

How SODL buyer credits work

When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.

  • Tour homes with SODL’s flexible showing network
  • Submit offers and manage your transaction through the platform
  • Keep more money at closing through transparent flat-fee pricing

A clear, modern way to buy with expert guidance and meaningful savings.

Estimated monthly payment

$19,698/mo
Principal & interest$16,292
Property taxes$2,373
Home insurance (est.)$1,033
%
$620,000
0%50%
Credit score
Loan term

These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.

Location

721 Rice Street, Wayzata, MN, 55391

Listing information

MLS #NST7068170
StatusActive
Last updatedSep 23, 2026, 3:26 PM
Originally listedAug 10, 2026, 12:00 AM
Listing officeLakes Sotheby's International Realty
Co-listing officeFazendin REALTORS

Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.

Based on information submitted to the MLS GRID. 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.