$3,100,000
4 Beds
3.5 Baths
5,853 sqft (on 0.25 acres)
721 Rice St E, Wayzata, MN 55391
Est. Mortgage $19,882/mo*
Get Pre-QualifiedHome Highlights
Single-Family Home
Built in 2002
0.25 acre lot
$530/sqft
3 Car Garage
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.
Last check for updates: about 3 hours ago
Listing courtesy of Carey Willis Crowell, (952) 999-3126
Lakes Sotheby's International Realty
Richard A Willis, (952) 484-5790
Source: NorthstarMLS as distributed by MLS GRID, MLS#7068170
Also Listed on NorthstarMLS as distributed by MLS GRID.
Home Details for 721 Rice St E
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MLS Status: Active |
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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: 45 |
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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 |
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.
Market trends in Wayzata
Last updated August 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
78
6MoM
Home Value
Trulia Estimate
$2.97MSince last month
Decreased$54K (-1.8%)Since last year
Increased$347K (+13.5%)Since last sale
Increased$3M (+945.9%)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 +108% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $2.93M |
| August 2026 | $2.98M |
| July 2026 | $2.73M |
| June 2026 | $2.78M |
| May 2026 | $2.77M |
| April 2026 | $2.68M |
| March 2026 | $2.7M |
| February 2026 | $2.59M |
| January 2026 | $2.5M |
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 |
|---|---|---|---|---|---|---|---|
0.20 | Single-Family Home | $2,775,500 | 03/27/26 | 4 | 4.5 | 5,396 | |
0.18 | Single-Family Home | $2,200,000 | 08/07/26 | 5 | 3.5 | 4,301 | |
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 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 |
|---|---|---|---|---|---|---|
0.01 | $3,695,000 | 3 | 4 | 5,314 | For Sale | |
0.02 | $3,195,000 | 2 | 2.5 | 2,350 | For Sale | |
0.02 | $2,895,000 | 2 | 2.5 | 2,246 | For Sale | |
0.02 | $2,695,000 | 2 | 2.5 | 2,246 | For Sale | |
0.08 | $3,600,000 | 3 | 2.5 | 3,845 | For Sale | |
0.08 | $2,715,000 | 4 | 2.5 | 4,020 | Recently Sold | |
0.08 | $3,950,000 | 4 | 4 | 5,312 | For Sale | |
0.09 | $3,920,400 | 3 | 3 | 5,025 | Off Market | |
0.03 | $1,844,100 | 4 | 3.5 | 3,397 | Off Market | |
0.03 | $572,900 | 2 | 1.5 | 1,290 | Off Market | |
0.07 | $760,500 | 3 | 3 | 2,038 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Aug 10, 2026 Source: NorthstarMLS as distributed by MLS GRID #7068170 | Listed For Sale | $3,100,000 |
Jul 27, 2001 Source: N/A | Sold | $279,900 |
Aug 18, 1999 Source: N/A | Sold | $193,750 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $26,333 | $2,247,400 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Carey Willis Crowell, Lakes Sotheby's International Realty
Agent Phone: (952) 999-3126
Based on information submitted to the MLS GRID as of 2026-09-19 19:08:18 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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Frequently asked questions about 721 Rice St E
- What is the estimated monthly payment for 721 Rice St E?Based on a $3,100,000 list price with 20% down at today's rates, the estimated monthly payment for 721 Rice St E in Wayzata, MN is approximately $20,060 (about $16,962 principal & interest, $3,023 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- 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 homes for sale in Wayzata, MN.
- What are the closest schools to 721 Rice St E?The closest schools to 721 Rice St E in Wayzata, MN are Gleason Lake Elementary School (rated 9/10), Wayzata High School (rated 10/10), Wayzata West Middle School (rated 9/10).
- What is 721 Rice St E estimated to be worth?Trulia's estimated value for 721 Rice St E in Wayzata, MN is $2,966,500.
- Does 721 Rice St E have air conditioning?Yes, 721 Rice St E in Wayzata, MN has air conditioning.
- Does 721 Rice St E have laundry facilities?Yes, 721 Rice St E in Wayzata, MN has in-unit laundry.
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.