540 Rice St E, Wayzata, MN 55391
Property image
Property image
SOLD
SEP 1, 2026

$2,299,300

Trulia Estimate
  • 3 Beds
  • 3.5 Baths
  • 3,601 sqft

540 Rice St E, Wayzata, MN 55391

Est. Refi. Payment $14,604/mo*
Refinance Your Home
Currently Off Market - Sold Sep 1, 2026 for $2,300,000 (13% below list price)

Home Value

Trulia Estimate
$2.3M
Since last month
Increased$165K (+7.7%)
Since last year
Increased$171K (+8%)
Since last sale
$500 (0%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +62% in the last 10 years
MonthEstimated value
2026
September 2026$2.3M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
724 Widsten Cir, Wayzata, MN
0.18
Townhouse
$2,715,000
09/03/26
4
2.5
4,020
112 Edgewood Ct, Wayzata, MN
0.43
Townhouse
$795,000
04/08/26
3
3.5
2,142
296 Grace Pointe Ct, Wayzata, MN
0.25
Townhouse
$1,025,000
04/01/26
3
2.5
3,576
257 Lake St W, Wayzata, MN
0.59
Townhouse
$1,548,000
12/23/25
3
3
3,298
103 Edgewood Ct, Wayzata, MN
0.45
Townhouse
$757,928
05/20/26
2
3.5
2,980
204 Central Ave S, Wayzata, MN
0.60
Townhouse
$562,500
06/05/26
3
2.5
2,150
550 Waycliffe Dr N, Wayzata, MN
0.92
Townhouse
$1,359,000
05/01/26
3
2.5
3,505
375 Waycliffe Dr S, Wayzata, MN
0.81
Townhouse
$815,000
06/03/26
3
2.5
3,154
655 Waycliffe Dr N, Wayzata, MN
0.86
Townhouse
$860,000
06/18/26
3
2.5
3,561

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
123 Minnetonka Ave S, Wayzata, MN 55391
0.08
$1,452,700
3
2.5
2,204
Off Market
105 Walker Ave N, Wayzata, MN 55391
0.10
$2,500,000
5
4.5
5,691
Recently Sold
240 Minnetonka Ave S #203, Wayzata, MN 55391
0.06
$2,700,000
2
2
2,433
Recently Sold
429 Rice St E, Wayzata, MN 55391
0.09
$796,200
4
2.5
2,152
Off Market
109 Minnetonka Ave S, Wayzata, MN 55391
0.10
$1,377,800
4
2
1,524
Off Market
117 Walker Ave N, Wayzata, MN 55391
0.12
$1,847,600
4
3.5
4,325
Off Market
415 Indian Mound St #103, Wayzata, MN 55391
0.10
$1,101,200
2
2
2,024
Off Market
415 Indian Mound St #302, Wayzata, MN 55391
0.10
$1,256,600
2
2
1,932
Off Market
415 Indian Mound St #201, Wayzata, MN 55391
0.10
$1,586,300
2
2
2,407
Off Market
415 Indian Mound St #203, Wayzata, MN 55391
0.10
$1,152,000
2
2
2,024
Off Market
415 Indian Mound St #301, Wayzata, MN 55391
0.10
$1,555,400
2
2
2,407
Off Market

Local Information

  • Map ViewExplore the area around 540 Rice St E.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Townhouse
Built in 2006
3,601 sqft
$639/sqft
2 Car Garage
HOA $800/mo

About this House

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.
540 Rice St E, Wayzata, MN 55391 is a 3 bedroom, 4 bathroom, 3,601 sqft townhouse built in 2006. It last sold for $2,300,000 on Sep 1, 2026 (13% below the $2,650,000 asking price). More recently, it was listed as a rental in December 2022 with an asking price of $9,500 per month. That rental listing was removed on March 7, 2023. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $2,299,300, with a rent estimate of $5,798/month.
Last check for updates: about 5 hours ago
Listed by Meredith A Howell, (612) 940-4566
Coldwell Banker Realty
Drew Hueler, (612) 701-3124
Bought with: Stickney Real Estate – David Stickney, (952) 250-0122, Coldwell Banker Realty
Source: NorthstarMLS as distributed by MLS GRID, MLS#6697633

Home Details for 540 Rice St E

Active Status

MLS Status: Closed

Interior Features

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

Exterior Features

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

Days on Market

Cumulative Days on Market: 220

Property Information

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

Price & Status

Price
List Price: $2,650,000Price Per Sqft: $639/sqft
Status Change & Dates
Off Market Date: Fri Jul 24 2026

Media

Location

Direction & Address
City: WayzataCommunity: Rice Street Brownstones Add
School Information
High School District: Wayzata

Building

Building Area
Building Area: 3601 Square Feet

HOA

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

Lot Information

Lot Area: 2178 sqft

Offer

Contingencies: None

Miscellaneous

BasementMls Number: 6697633Above Grade Unfinished Area: 2933

Price and Tax history

DateEventPrice
Sep 1, 2026
Source: NorthstarMLS as distributed by MLS GRID #6697633
Sold
$2,300,000
Jul 25, 2026
Source: NorthstarMLS as distributed by MLS GRID #6697633
Pending
$2,650,000
Jul 17, 2026
Source: NorthstarMLS as distributed by MLS GRID #6697633
PendingToActive
$2,650,000
Jul 17, 2026
Source: NorthstarMLS as distributed by MLS GRID #6697633
Pending
$2,650,000
Jan 30, 2026
Source: NorthstarMLS as distributed by MLS GRID #6697633
Listed For Sale
$2,650,000

Market trends in Wayzata

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
78
6MoM

Around this home

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 there are community events

  • 50 % Say neighbors are friendly

  • 41 % Say it's walkable to grocery stores

  • 36 % Say there are sidewalks

Sourced by Trulia users. Learn more about our methodology.
  • msiglesias
    "Lots of things to do in the summer. The local community also puts on great events. James j Hill day is fun"
    0
    Flag
  • Gagratson
    "They would like it. Very peaceful, flat and easy walkability. Not a lot of other dogs, but everyone on leash. "
    3
    Flag
  • Awendo4
    "Great people and well established neighborhoods...close to parks, the lakes, and walking trails. We moved here 4 years ago. "
    1
    Flag
  • Kevin.bjork
    "Safe. Lots of kids. Great schools. Great parks. Great restaurants near by. Near lake Minnetonka. Narrow roads. Great wildlife. "
    2
    Flag
  • Quinehan
    "I lived in Wayzata for 8 years and love it Very much! Great schools and easy access to major highways "
    2
    Flag
  • Jamison K.
    "Top rated schools and beautiful waterfront properties are just the start. Downtown Wayzata properties have great shops and new restaurants within walking distance. Take the children or grandchildren to the depot to watch the toy trains or hang out at the beach park in the summer. There is a wonderful outdoor city rink for ice skating in the winter. Bike trails and public transit are convenient. Wayzata is a great place to be for any family of any ages."
    4
    Flag
  • Alex D.
    "Excellent neighborhood, schools, entertainment and access to outdoor activities"
    1
    Flag
  • cubcadetdan
    "Great small town area, borders lake minnetonka, great school system, very long term residents. Many volunteers among residents."
    1
    Flag
  • Mantoles
    "great area to live in. Very nice neighborhood!!"
    0
    Flag

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-09-17 00:13:18 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
By searching NorthstarMLS listings you agree to the NorthstarMLS End User License Agreement

Frequently asked questions about 540 Rice St E

  • What is 540 Rice St E estimated to be worth?
    Trulia's estimated value for 540 Rice St E in Wayzata, MN is $2,299,300.
  • What is the price history for 540 Rice St E?
    540 Rice St E in Wayzata, MN last sold for $2,300,000 in September 2026.
  • Is Wayzata a buyer's or seller's market?
    Wayzata is currently a balanced market, based on recent for-sale activity.
  • What do residents say about Wayzata?
    Residents describe Wayzata, MN as dog-friendly, well-kept, and easy to park in. Most residents say you need a car. See recently sold homes in Wayzata, MN.
  • Does 540 Rice St E have air conditioning?
    Yes, 540 Rice St E in Wayzata, MN has air conditioning.
  • Does 540 Rice St E have laundry facilities?
    Yes, 540 Rice St E in Wayzata, MN has in-unit laundry.

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