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$3,100,000

4 Beds 3 / 1 Full / Half Baths 5,853 SQFT 0.25 Acres
Type: Single Family

721 Rice Street E
Wayzata, MN 55391

MLS#: 7068170
Adam Benedict
Adam Benedict
The Real Estate Advantage
Agent
Phone: 651.226.3928
Office: 952.898.5800
Presented by: Lakes Sotheby's International Realty

Property 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.


 

Interior Features

Bedrooms

Total Bedrooms4

Bathrooms

1/4 Baths0
3/4 Baths0
Bath DescDouble Sink, Bathroom Ensuite, Full Primary, Full Basement, Full Jack & Jill, Private Primary, Main Floor 1/2 Bath, Separate Tub & Shower, Upper Level Full Bath, Walk-In Shower Stall
Half Baths1
Total Baths4

Other Interior Features

Above Grade Finished Area4,160 sqft
BasementDaylight/Lookout Windows, Drain Tiled, Egress Window(s), Finished, Storage Space, Sump Basket, Sump Pump
Basement (Y/N)Yes
Below Grade Finished Area1,693 sqft
Fireplace FeaturesGas, Living Room, Primary Bedroom, Wood Burning
Fireplace Y/NYes
FuelNatural Gas
Garage Dimensions22 x 37
Garage Square Feet806
Laundry FeaturesLaundry Room, Sink, Upper Level
Total Fireplaces2

Other Rooms

Dining Room DescriptionBreakfast Bar, Eat In Kitchen, Separate/Formal Dining Room

General

AccessibilityAccessible Elevator Installed
Additional Parcels Y/NNo
Amenities UnitCeiling 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 Sp
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, Tankl
CityWayzata
ContingencyNone
CoolingCentral Air, Zoned
CountyHennepin
DirectionsWayzata Blvd to Broadway Ave, South 1 block to Rice Street, East to home on the left
ElectricCircuit Breakers, 200+ Amp Service
Full Baths3
Garage Spaces3
HOANo
HOA Fee$0
HeatingForced Air, In-Floor Heating
High School DistrictWayzata
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area5,853 sqft
Lot Size UnitsAcres
New ConstructionNo
PostalCityWayzata
Property Attached Y/NNo
Property SubtypeSingle Family
Property TypeResidential
RoofAge 8 Years or Less, Asphalt
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameWayzata Rev
Tax Annual Amount$28,479
Tax Year2026
Virtual TourClick here
Year Built2002
Zoning DescriptionResidential-Single Family

Exterior

Building Area Total6,946 sqft
FencingNone
Foundation Area2,786 sqft
Lot Dimensions66 x 166 x 66 x 165
Lot FeaturesTree Coverage - Medium, Underground Utilities
Lot Size Area0 sqft
Parking FeaturesAttached Garage, Shared Driveway, Floor Drain, Garage Door Opener, Insulated Garage
Road Frontage TypeCity Street, Curbs, Sidewalks
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School N/A
Elementary School N/A
High School N/A

  

Similar Properties

$3,100,000

4 Beds 3 / 1 Full / Half Baths 5,853 SQFT 0.25 Acres
Type: Single Family

721 Rice Street E
Wayzata, MN 55391

MLS#: 7068170
Adam Benedict
Adam Benedict
The Real Estate Advantage
Agent
Phone: 651.226.3928
Office: 952.898.5800