$2,650,000
540 Rice Street E
Wayzata, MN 55391
MLS# 6697633
3 beds  |  4 baths  |  3601 sqft


The steps to this striking Landschute brownstone welcome you tothis exceptional residence in the charming lakeside village ofWayzata.An all-brick exterior and handsome architecture set the tone of quality craftsmanship throughout.
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The steps to this striking Landschute brownstone welcome you tothis exceptional residence in the charming lakeside village ofWayzata.An all-brick exterior and handsome architecture set the tone of quality craftsmanship throughout. An open main level floor plan with hand-laid wood blockfloors, custom woodwork, and fireplace with onyx surrounding. The kitchen is a showplace, featuring a dramatic backlit onyx worktop. The appliances and cabinetry are of the highest level. Introducing the upper level featuring two bedrooms, office, and laundry with arched doorways. The master suite features a gas fireplace with spa-style en suite. Walk through bath with soaking tub, heated floors, and dual walk-thru closets. Paneled office leading out to a second floor deck. Beautiful three story elevator. Cozy sitting area with beautiful windows — perfect for relaxing or watching TV. Spacious guest suite featuring a Murphy bed. A rooftop deck featuring year-round, uninterrupted Lake Minnetonka views.

Property Description
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.

Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Contingency: None
Current Price: $2,650,000
Original List Price: 3100000
ListPrice: 2650000
List Date: 2025-10-03
Office/Member Info
Association: MAAR
General Property Information
Assoc Mgmt Co. Phone #: 952-210-3383
Association Fee Frequency: Monthly
Association Mgmt Co. Name: Ellian Management
Common Wall: Yes
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 2
Waterfront Present: No
Year Built: 2006
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Dimensions: 58x35
Acres: 0.05
Bath Three Quarters: 2
Bath Half: 1
Bath Quarter: 0
Main Floor Total SqFt: 1408
Above Grd Total SqFt: 2933
Below Grd Total SqFt: 668
Total Finished Sqft: 3601.00
FireplaceYN: Yes
Foundation Size: 1408
Style: (TH) Side x Side
Garage Stalls: 2
Association Fee: 800
Bedrooms: 3
Baths Total: 4
Bath Full: 1
Total SqFt: 3601
Location, Tax and Other Information
AssocFeeYN: Yes
Legal Description: LOT 002 BLOCK 001 RICE STREET BROWNSTONES ADDN
Listing City: Wayzata
Map Page: 104
Municipality: Wayzata
School District: Wayzata
School District Phone: 763-745-5000
Zip Plus 4: 860
Property ID Number: 0611722240097
Tax Year: 2025
Tax Amount: 23107
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: 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.
Directions: West on Wayzata Boulevard E to South on Minnetonka Avenue S. East on Rice Street E. Home is on the right.
Accessible
Accessible Elevator Installed: 1
Air Conditioning
Central Air: 1
Amenities Unit
Balcony: 1
Deck: 1
French Doors: 1
Hardwood Floors: 1
Kitchen Center Island: 1
Kitchen Window: 1
Natural Woodwork: 1
Paneled Doors: 1
Primary Bedroom Walk-In Closet: 1
Security System: 1
Walk-In Closet: 1
Washer/Dryer Hookup: 1
Wet Bar: 1
Appliances
Cooktop: 1
Dishwasher: 1
Dryer: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 23107
Association Fee Includes
Building Exterior: 1
Hazard Insurance: 1
Lawn Care: 1
Outside Maintenance: 1
Parking Space: 1
Snow Removal: 1
Other: 1
Assumable Loan
Not Assumable: 1
Basement
Partial: 1
Partially Finished: 1
Bath Description
Primary Walk-Thru: 1
Main Floor 1/2 Bath: 1
Upper Level 3/4 Bath: 1
Private Primary: 1
3/4 Basement: 1
Bathroom Ensuite: 1
Separate Tub & Shower: 1
Walk-In Shower Stall: 1
Building Information
Finished SqFt Above Ground: 2933
Finished SqFt Below Ground: 668
Construction Status
Previously Owned: 1
Dining Room Description
Eat In Kitchen: 1
Informal Dining Room: 1
Kitchen/Dining Room: 1
Living/Dining Room: 1
Existing Financing
Conventional: 1
Exterior
Brick/Stone: 1
Family Room Characteristics
Lower Level: 1
Fencing
Partial: 1
Fireplace Characteristics
Gas Burning: 1
Living Room: 1
Primary Bedroom: 1
Foundation
Other: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
In-Floor Heating: 1
Insurance Fee
Insurance Fee: 0
Laundry
Laundry Room: 1
Sink: 1
Upper Level: 1
Lease Details
Land Leased: Not Applicable
Lot Description
Public Transit (w/in 6 blks): 1
Tree Coverage - Medium: 1
Zero Lot Line: 1
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 740
Heated Garage: 1
Insulated Garage: 1
Tuckunder Garage: 1
Patio, Porch and Deck Features
Deck: 1
Public Survey Info
Range#: 22
Section#: 06
Township#: 117
Restriction/Covenants
Other Covenants: 1
Road Frontage
City Street: 1
Curbs: 1
Paved Streets: 1
Sidewalks: 1
Road Responsibility
Public Maintained Road: 1
Sellers Terms
Cash: 1
Conventional: 1
Sewer
City Sewer/Connected: 1
Special Search
2nd Floor Laundry: 1
Primary Bdr Suite: 1
Stories
Two: 1
Townhouse Characteristics
End Unit: 1
Water
City Water/Connected: 1
Location Tax and Other Information
House Number: 540
Street Name: Rice
Street Suffix: Street
Street Direction Suffix: E
Postal City: Wayzata
County: Hennepin
State: MN
Zip Code: 55391
Complex/Dev/Subdivision: Rice Street Brownstones Add
Property Features
Accessible: Accessible Elevator Installed
Air Conditioning: Central Air
Amenities Unit: Balcony; Deck; French Doors; Hardwood Floors; Kitchen Center Island; Kitchen Window; Natural Woodwork; Paneled Doors; Primary Bedroom Walk-In Closet; Security System; Walk-In Closet; Washer/Dryer Hookup; Wet Bar
Appliances: Cooktop; Dishwasher; Dryer; Microwave; Refrigerator; Washer
Association Fee Includes: Building Exterior; Hazard Insurance; Lawn Care; Outside Maintenance; Parking Space; Snow Removal; Other
Assumable Loan: Not Assumable
Basement: Partial; Partially Finished
Bath Description: Primary Walk-Thru; Main Floor 1/2 Bath; Upper Level 3/4 Bath; Private Primary; 3/4 Basement; Bathroom Ensuite; Separate Tub & Shower; Walk-In Shower Stall
Construction Status: Previously Owned
Dining Room Description: Eat In Kitchen; Informal Dining Room; Kitchen/Dining Room; Living/Dining Room
Existing Financing: Conventional
Exterior: Brick/Stone
Family Room Characteristics: Lower Level
Fencing: Partial
Fireplace Characteristics: Gas Burning; Living Room; Primary Bedroom
Foundation: Other
Fuel: Natural Gas
Heating: Forced Air; In-Floor Heating
Laundry: Laundry Room; Sink; Upper Level
Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Medium; Zero Lot Line
Parking Characteristics: Heated Garage; Insulated Garage; Tuckunder Garage
Road Frontage: City Street; Curbs; Paved Streets; Sidewalks
Road Responsibility: Public Maintained Road
Sellers Terms: Cash; Conventional
Sewer: City Sewer/Connected
Special Search: 2nd Floor Laundry; Primary Bdr Suite
Stories: Two
Townhouse Characteristics: End Unit
Water: City Water/Connected
Room Information
Room Name Dimensions Level
LaundryUpper
Third (3rd) Bedroom24x13Lower
Office15x13Upper
Living Room33x19Main
DeckThird
Dining Room15x13Main
Kitchen15x13Main
First (1st) Bedroom19x19Upper
Second (2nd) Bedroom12x10Upper

IDX
Listing Office: Coldwell Banker Realty

Last Updated: January - 30 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.


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