721 Rice St E
Wayzata, MN 55391
4 Beds
3.5 Baths
5,853 sqft (on 0.25 acres)
4 Beds
3.5 Baths
5,853 sqft
(on 0.25 acres)
Home Highlights
Parking
3 Car Garage
Outdoor
Patio
Climate Control
Heating & Cooling
HOA
None
Price/Sqft
$530
Listed
Less than a day ago
Local Information
- Map ViewExplore the area around 721 Rice St E.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
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.
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.
Home Details for 721 Rice St E
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MLS Status: Coming Soon |
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Interior Details Basement: Daylight,Drain Tiled,Egress Window(s),Finished,Storage Space,Sump Basket,Sump PumpNumber of Rooms: 15Types of Rooms: Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bar Wet Bar Room, Dining Room, Family Room, Informal Dining Room, Kitchen, Laundry, Office, Sauna, Storage, Sun Room |
Beds & Baths Number of Bedrooms: 4Number of Bathrooms: 4Number of Bathrooms (full): 3Number of Bathrooms (half): 1 |
Dimensions and Layout Living Area: 5853 Square FeetFoundation Area: 2786 |
Appliances & Utilities Utilities: Underground UtilitiesAppliances: Air-To-Air Exchanger, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Electronic Air Filter, Exhaust Fan, Freezer, Humidifier, Water Filtration System, Microwave, Refrigerator, Stainless Steel Appliance(s), Tankless Water Heater, Trash Compactor, Washer, Water Softener OwnedDishwasherDisposalDryerLaundry: Laundry Room,Sink,Upper LevelMicrowaveRefrigeratorWasher |
Heating & Cooling Heating: Forced Air,In-Floor HeatingHas CoolingAir Conditioning: Central Air,ZonedHas HeatingHeating Fuel: Forced Air |
Fireplace & Spa Number of Fireplaces: 2Fireplace: Gas, Living Room, Primary Bedroom, Wood BurningHas a Fireplace |
Gas & Electric Electric: Circuit Breakers, 200+ Amp ServiceGas: Natural Gas |
Levels, Entrance, & Accessibility Stories: 2Levels: TwoAccessibility: Accessible Elevator Installed |
View No View |
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Exterior Home Features Roof: Age 8 Years Or Less AsphaltPatio / Porch: PatioFencing: None |
Parking & Garage Number of Garage Spaces: 3Number of Covered Spaces: 3Other Parking: Garage Dimensions (22 x 37)No CarportHas a GarageHas an Attached GarageHas Open ParkingParking Spaces: 3Parking: Attached,Shared Driveway,Floor Drain,Garage Door Opener,Insulated Garage |
Frontage Road Frontage: City Street, Curbs, SidewalksResponsible for Road Maintenance: Public Maintained RoadNot on Waterfront |
Water & Sewer Sewer: City Sewer/Connected |
Finished Area Finished Area (above surface): 4160 Square FeetFinished Area (below surface): 1693 Square Feet |
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Days on Market: <1 day on Trulia |
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Year Built Year Built: 2002 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family |
Building Not a New ConstructionNot Attached PropertyNo Additional Parcels |
Property Information Parcel Number: 0611722130041 |
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Price List Price: $3,100,000Price Per Sqft: $530 |
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Direction & Address City: WayzataCommunity: Wayzata Rev |
School Information High School District: Wayzata |
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Listing Agent Listing ID: 7068170 |
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Building Area Building Area: 6946 Square Feet |
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No HOAHOA Fee: No HOA Fee |
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Lot Area: 10890 sqft |
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Contingencies: None |
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BasementMls Number: 7068170Above Grade Unfinished Area: 4160Activation Date: Mon Aug 10 2026 |
Last check for updates: about 3 hours ago
Listing courtesy of Carey Willis Crowell, (952) 999-3126
Fazendin REALTORS
Richard A Willis, (952) 484-5790
Source: NorthstarMLS as distributed by MLS GRID, MLS#7068170
Also Listed on NorthstarMLS as distributed by MLS GRID.
Market trends in Wayzata
Last updated June 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
72
2MoM
Price History for 721 Rice St E
| Date | Price | Event | Source |
|---|---|---|---|
| 07/27/2001 | $279,900 | Sold | N/A |
| 08/18/1999 | $193,750 | Sold | N/A |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $26,333 |
| Assessment | $2,247,400 |
Home facts updated by county records
Comparable Sales for 721 Rice St E
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.20 | Single-Family Home | $2,775,500 | 03/27/26 | 4 | 4.5 | 5,396 | |
0.18 | Single-Family Home | $2,500,000 | 07/14/26 | 5 | 4.5 | 5,691 | |
0.37 | Single-Family Home | $1,500,000 | 07/01/26 | 5 | 3.5 | 4,687 | |
0.28 | Single-Family Home | $1,137,000 | 07/01/26 | 3 | 3 | 3,343 | |
0.27 | Single-Family Home | $2,385,000 | 12/18/25 | 4 | 4.5 | 4,595 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.
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Assigned Schools
These are the assigned schools for 721 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 721 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
Carey Willis Crowell, Fazendin REALTORS
Agent Phone: (952) 999-3126
Based on information submitted to the MLS GRID as of 2026-08-05 06:33:18 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
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721 Rice St E, Wayzata, MN 55391 is a 4 bedroom, 4 bathroom, 5,853 sqft single-family home built in 2002. This property is currently available for sale and was listed by NorthstarMLS as distributed by MLS GRID on Aug 5, 2026. The MLS # for this home is MLS# 7068170.