721 Rice Street E, Wayzata, MN 55391

• 4 beds |
• 4 baths |
• 5,853 sqft

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.

Listing Status:

Active

Data Last Updated:

September 22, 2026 at 7:18AM

Listing Office:

Lakes Sotheby's International Realty : 952-230-3101

MLS ID:

7068170

Interior

• Master Bath: 0
• Appliances: Air-To-Air ExchangerCooktopDishwasherDisposalDouble OvenDryerElectronic Air FilterExhaust FanFreezerHumidifierWater Filtration SystemMicrowaveRefrigeratorStainless Steel AppliancesTankless Water HeaterTrash CompactorWasherWater Softener Owned
• Dining: 0
• Laundry: Laundry RoomSinkUpper Level
• Basement: Daylight/Lookout WindowsDrain TiledEgress Window(s)FinishedStorage SpaceSump BasketSump Pump
• A/C: Central AirZoned
• Heating: Forced AirIn-Floor Heating
• Fireplace: GasLiving RoomPrimary BedroomWood BurningFireplaceFireplaces: 2

Exterior

• General: StoneStuccoWood
• Parking: Attached GarageShared DrivewayFloor DrainGarage Door OpenerInsulated Garage

Construction

• Roofing: Age 8 Years or LessAsphalt
• General: TwoOther

Location

• Road/Access: City StreetCurbsSidewalks
• HOA Amenities: 0.0
• Originating MLS: northstar
• School District: Wayzata
• County: Hennepin

Lot

• Zoning: 0611722130041
• Fencing: None

Utilities

• Utilities: Circuit Breakers200+ Amp Service
• Water: City Water/Connected
• Sewer: City Sewer/Connected

Financial

• Source: northstar