721 Rice St E Wayzata, MN 55391
Wayzata AreaEstimated payment $18,825/month
Highlights
- Heated Floors
- Fireplace in Primary Bedroom
- Mud Room
- Gleason Lake Elementary School Rated A+
- Vaulted Ceiling
- No HOA
About This Home
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.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $28,479
Year Built
- Built in 2002
Lot Details
- Lot Dimensions are 66 x 166 x 66 x 165
- Few Trees
Parking
- 3 Car Attached Garage
- Insulated Garage
- Garage Door Opener
- Shared Driveway
Home Design
- Wood Siding
- Stucco Exterior
- Stone Exterior Construction
Interior Spaces
- 2-Story Property
- Vaulted Ceiling
- Wood Burning Fireplace
- Gas Fireplace
- Mud Room
- Living Room with Fireplace
- 2 Fireplaces
- Utility Room Floor Drain
- Heated Floors
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Double Oven
- Cooktop
- Microwave
- Freezer
- Dishwasher
- Stainless Steel Appliances
- Trash Compactor
- Disposal
- The kitchen features windows
Bedrooms and Bathrooms
- 4 Bedrooms
- Fireplace in Primary Bedroom
Laundry
- Laundry Room
- Laundry on upper level
- Dryer
- Washer
- Sink Near Laundry
Finished Basement
- Sump Pump
- Drain
- Basement Storage
- Basement Window Egress
Eco-Friendly Details
- Electronic Air Cleaner
- Air Exchanger
Utilities
- Forced Air Zoned Cooling and Heating System
- Humidifier
- Vented Exhaust Fan
- Underground Utilities
- 200+ Amp Service
- Water Filtration System
- Tankless Water Heater
- Water Softener is Owned
Additional Features
- Accessible Elevator Installed
- Patio
Community Details
- No Home Owners Association
- Wayzata Rev Subdivision
Listing and Financial Details
- Assessor Parcel Number 0611722130041
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $28,479 | $2,247,400 | $950,300 | $1,297,100 |
| 2024 | $26,333 | $2,144,000 | $923,000 | $1,221,000 |
| 2023 | $25,606 | $2,172,300 | $910,000 | $1,262,300 |
| 2022 | $21,241 | $1,777,000 | $642,000 | $1,135,000 |
| 2021 | $20,615 | $1,573,000 | $642,000 | $931,000 |
| 2020 | $21,058 | $1,536,000 | $612,000 | $924,000 |
| 2019 | $19,302 | $1,513,000 | $576,000 | $937,000 |
| 2018 | $18,291 | $1,389,000 | $524,000 | $865,000 |
| 2017 | $17,671 | $1,250,000 | $439,000 | $811,000 |
| 2016 | $17,447 | $1,198,000 | $400,000 | $798,000 |
| 2015 | $17,014 | $1,140,000 | $380,000 | $760,000 |
| 2014 | -- | $1,070,000 | $354,000 | $716,000 |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $279,900 | -- | |
| Warranty Deed | $193,750 | -- |
Source: NorthstarMLS
MLS Number: 7068170
APN: 06-117-22-13-0041
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Ask me questions while you tour the home.