540 Rice St E
Wayzata, MN 55391
3 Beds
3.5 Baths
3,601 sqft
3 Beds
3.5 Baths
3,601 sqft
Local Information
- Map ViewExplore the area around 540 Rice St E.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
Description
Luxury Brownstone in the heart of Wayzata. Inside, the incredible finishes and materials set a tone of luxury that carries throughout every room.
Custom woodwork, designer carpeting, and rich, full-slab onyx marble finishes define the interiors. The kitchen is a showpiece, featuring a dramatic backlit onyx worktop, while the powder room stuns with illuminated onyx walls. Every bathroom is fully clad in stone, with the upstairs bath offering underfloor heating for added comfort.
A solid brass staircase railing with tailored runners and stair rods serves as a striking focal point on the open-concept main level. Backlit tray ceilings above the piano in the main lounge add architectural drama, complementing the multiple fireplaces and elegant design.
Offering uninterrupted, year-round views of Lake Minnetonka from the rooftop, this home is a rare offering in both design and location.
The expansive primary suite includes a gas fireplace, spa-style walk-through bath with soaking tub, and dual walk-in closets. A flexible lower level functions perfectly as a media room or guest suite, and a rooftop deck delivers sweeping lake views—ideal for entertaining or private relaxation.
Additional features include a three-story elevator, radiant in-floor heating, and easy walkability to Wayzata’s acclaimed lakefront, dining, and shopping destinations.
Custom woodwork, designer carpeting, and rich, full-slab onyx marble finishes define the interiors. The kitchen is a showpiece, featuring a dramatic backlit onyx worktop, while the powder room stuns with illuminated onyx walls. Every bathroom is fully clad in stone, with the upstairs bath offering underfloor heating for added comfort.
A solid brass staircase railing with tailored runners and stair rods serves as a striking focal point on the open-concept main level. Backlit tray ceilings above the piano in the main lounge add architectural drama, complementing the multiple fireplaces and elegant design.
Offering uninterrupted, year-round views of Lake Minnetonka from the rooftop, this home is a rare offering in both design and location.
The expansive primary suite includes a gas fireplace, spa-style walk-through bath with soaking tub, and dual walk-in closets. A flexible lower level functions perfectly as a media room or guest suite, and a rooftop deck delivers sweeping lake views—ideal for entertaining or private relaxation.
Additional features include a three-story elevator, radiant in-floor heating, and easy walkability to Wayzata’s acclaimed lakefront, dining, and shopping destinations.
Home Highlights
Parking
2 Car Garage
Outdoor
Deck
A/C
Heating & Cooling
HOA
$800/Monthly
Price/Sqft
$736
Listed
159 days ago
Home Details for 540 Rice St E
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MLS Status: Active |
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Interior Details Basement: Daylight,Partial,Partially Finished,Walk-Out AccessNumber of Rooms: 9Types of Rooms: Bedroom, Bedroom 2, Bedroom 3, Deck, Dining Room, Kitchen, Laundry, Living Room, Office |
Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 4Number of Bathrooms (full): 1Number of Bathrooms (three quarters): 2Number of Bathrooms (half): 1 |
Dimensions and Layout Living Area: 3601 Square FeetFoundation Area: 1408 |
Appliances & Utilities Appliances: Cooktop, Dishwasher, Dryer, Exhaust Fan, Microwave, Refrigerator, Wall Oven, WasherDishwasherDryerLaundry: Laundry Room,Sink,Upper LevelMicrowaveRefrigeratorWasher |
Heating & Cooling Heating: Forced Air,Fireplace(s),In-Floor HeatingHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air |
Fireplace & Spa Number of Fireplaces: 2Fireplace: Gas, Living Room, Primary BedroomHas a Fireplace |
Gas & Electric Gas: Natural Gas |
Levels, Entrance, & Accessibility Stories: 2Levels: TwoAccessibility: Accessible Elevator Installed |
View No View |
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Exterior Home Features Patio / Porch: DeckFencing: Partial |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageHas an Attached GarageParking Spaces: 2Parking: Attached,Heated Garage,Insulated Garage,Tuckunder Garage |
Frontage Road Frontage: City Street, Curbs, SidewalksResponsible for Road Maintenance: Public Maintained RoadRoad Surface Type: PavedNot on Waterfront |
Water & Sewer Sewer: City Sewer/Connected |
Finished Area Finished Area (above surface): 2933 Square FeetFinished Area (below surface): 668 Square Feet |
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Cumulative Days on Market: 47Days on Market: 159 |
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Year Built Year Built: 2006 |
Property Type / Style Property Type: ResidentialProperty Subtype: (TH) Side x Side |
Building Not a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Parcel Number: 0611722240097 |
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Price List Price: $2,650,000Price Per Sqft: $736 |
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Direction & Address City: WayzataCommunity: Rice Street Brownstones Add |
School Information High School District: Wayzata |
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Listing Agent Listing ID: 6697633 |
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Building Area Building Area: 3601 Square Feet |
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HOA Fee Includes: Maintenance Structure, Hazard Insurance, Lawn Care, Other, Maintenance Grounds, Parking, Snow RemovalHOA Name: Ellian ManagementHOA Phone: 952-210-3383Has an HOAHOA Fee: $800/Monthly |
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Lot Area: 2178 sqft |
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Contingencies: None |
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BasementMls Number: 6697633Above Grade Unfinished Area: 2933 |
Last check for updates: about 9 hours ago
Listing courtesy of Meredith A Howell, (612) 940-4566
Coldwell Banker Realty
Drew Hueler, (612) 701-3124
Source: NorthstarMLS as distributed by MLS GRID, MLS#6697633
Also Listed on NorthstarMLS as distributed by MLS GRID.
Market trends in Wayzata
Last updated May 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
74
9MoM
Price History for 540 Rice St E
| Date | Price | Event | Source |
|---|---|---|---|
| 01/30/2026 | $2,650,000 | Listed For Sale | NorthstarMLS as distributed by MLS GRID #6697633 |
| 11/19/2025 | $3,100,000 | ListingRemoved | NorthstarMLS as distributed by MLS GRID #6697633 |
| 10/03/2025 | $3,100,000 | Listed For Sale | NorthstarMLS as distributed by MLS GRID #6697633 |
| 03/29/2023 | $1,867,400 | Sold | NorthstarMLS as distributed by MLS GRID #6348440 |
| 03/07/2023 | ListingRemoved | Zillow Rentals | |
| 01/06/2023 | $8,500 | PriceChange | Zillow Rentals |
| 12/04/2022 | $9,500 | Listed For Rent | Zillow Rental Network Premium |
| 03/30/2021 | $1,400,000 | Sold | NorthstarMLS as distributed by MLS GRID #5628612 |
| 11/11/2020 | $1,499,500 | PriceChange | Agent Provided |
| 09/25/2020 | $1,549,500 | PriceChange | Agent Provided |
| 07/31/2020 | $1,599,000 | Listed For Sale | Agent Provided |
| 10/16/2018 | $1,197,500 | Sold | NorthstarMLS as distributed by MLS GRID #4844207 |
| 08/21/2018 | $1,295,000 | Pending | Agent Provided |
| 08/21/2018 | $1,295,000 | Listed For Sale | Agent Provided |
| 07/18/2018 | $1,295,000 | ListingRemoved | Agent Provided |
| 07/03/2018 | $1,295,000 | PriceChange | Agent Provided |
| 03/12/2018 | $1,395,000 | PriceChange | Agent Provided |
| 09/20/2017 | $1,500,000 | PriceChange | Agent Provided |
| 08/15/2017 | $1,650,000 | PriceChange | Agent Provided |
| 08/09/2017 | $1,745,000 | PriceChange | Agent Provided |
| 07/17/2017 | $1,795,000 | PriceChange | Agent Provided |
| 06/19/2017 | $1,995,000 | Listed For Sale | Agent Provided |
| 05/04/2007 | $1,842,627 | Sold | N/A |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $23,107 |
| Assessment | $2,370,400 |
Home facts updated by county records
Comparable Sales for 540 Rice St E
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.43 | Townhouse | $795,000 | 04/08/26 | 3 | 3.5 | 2,142 | |
0.25 | Townhouse | $1,025,000 | 04/01/26 | 3 | 2.5 | 3,576 | |
0.59 | Townhouse | $1,548,000 | 12/23/25 | 3 | 3 | 3,298 | |
0.45 | Townhouse | $757,928 | 05/20/26 | 2 | 3.5 | 2,980 | |
0.60 | Townhouse | $562,500 | 06/05/26 | 3 | 2.5 | 2,150 | |
0.92 | Townhouse | $1,359,000 | 05/01/26 | 3 | 2.5 | 3,505 | |
0.72 | Townhouse | $645,000 | 07/28/25 | 3 | 3 | 2,490 | |
0.81 | Townhouse | $815,000 | 06/03/26 | 3 | 2.5 | 3,154 | |
0.86 | Townhouse | $860,000 | 06/18/26 | 3 | 2.5 | 3,561 | |
0.90 | Townhouse | $920,000 | 08/12/25 | 3 | 2.5 | 3,670 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.
OFF MARKETColdwell Banker Realty
SOLDNOV 12, 2025Fazendin REALTORS
SOLDMAY 27, 2026The Realty House
SOLDAPR 1, 2026Coldwell Banker Realty
OFF MARKETColdwell Banker Realty - Lakes
SOLDSEP 23, 2025Silverstone Realty
OFF MARKETEdina Realty, Inc.
OFF MARKETColdwell Banker Realty
SOLDNOV 12, 2025Counselor Realty, Inc.
Assigned Schools
These are the assigned schools for 540 Rice St E.
- Wayzata West Middle School
- 6-8
- Public
- 836 Students
9/10GreatSchools RatingParent Rating AverageI have sent four children through West Middle School with a fifth one gearing up for sixth grade next year and we couldn't be happier. Two of our kids were on an IEP and one on a 504 Plan which we felt completely supported in and the staff have all been amazing and getting the kids the help that they need. There has not been one teacher that the kids have had that we haven't absolutely loved and the school gives off a strong community feel, which is a beautiful thing. My kids have all had strong friendships there with classmates, teachers, and done with administration, and the diversity of children my kids have befriended has been surprisingly plentiful. There are a lot of great kids at the school, the staff have been extremely supportive and helpful to my children's education, and as a parent with children of various needs, I feel heard and respected. Be BOLD, Be WEST!Parent Review2y ago - Wayzata High School
- 9-12
- Public
- 3781 Students
10/10GreatSchools RatingParent Rating AverageWayzata has been the best experience I could ever ask for from a school district. Our daughter started in the district Kindergarten and is now in 9th grade. We couldn't be more pleased with how this district handled both sports and academics through the pandemic and how they made sure our students were successful and safe throughout their shift into high school.Parent Review3y ago - Gleason Lake Elementary School
- K-5
- Public
- 604 Students
9/10GreatSchools RatingParent Rating AverageThe principal and staff do a great job of setting high expectations, while providing students with the skills to achieve success. Both of my kids graduated from this school and were well prepared middle school.Parent Review6y ago 
Check out schools near 540 Rice St E.
What Locals Say about Wayzata
At least 32 Trulia users voted on each feature.
97 % Say it's dog friendly
93 % Say people would walk alone at night
85 % Say car is needed
82 % Say yards are well-kept
81 % Say parking is easy
79 % Say there's holiday spirit
78 % Say it's quiet
76 % Say there's wildlife
68 % Say kids play outside
58 % Say they plan to stay for at least 5 years
56 % Say it's walkable to restaurants
53 % Say streets are well-lit
51 % Say neighbors are friendly
51 % Say there are community events
41 % Say it's walkable to grocery stores
36 % Say there are sidewalks
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Meredith A Howell, Coldwell Banker Realty
Agent Phone: (612) 940-4566
Based on information submitted to the MLS GRID as of 2026-07-07 23:53:20 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. Some IDX listings have been excluded from this website. Click here for more information
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540 Rice St E, Wayzata, MN 55391 is a 3 bedroom, 4 bathroom, 3,601 sqft townhouse built in 2006. This property is currently available for sale and was listed by NorthstarMLS as distributed by MLS GRID on Jan 30, 2026. The MLS # for this home is MLS# 6697633.