$3,100,000
Wayzata, MN 55391
MLS# 7068170
4 beds | 4 baths | 6946 sqft

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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.
Details
Maps
Documents
Contract Information
Status: Active
Contingency: None
Current Price: $3,100,000
Original List Price: 3100000
ListPrice: 3100000
List Date: 2026-08-05
Owner is an Agent?: No
Auction?: No
General Property Information
Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 2
Waterfront YN: No
Year Built: 2002
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bedrooms: 4
Baths Total: 4
Bath Full: 3
Bath Half: 1
Main Floor Total SqFt: 2015
Above Grd Total SqFt: 4160
Below Grd Total SqFt: 2786
Total SqFt: 6946
Total Finished Sqft: 5853.00
FireplaceYN: Yes
Style: (SF) Single Family
Foundation Size: 2786
Garage Stalls: 3
Lot Dimensions: 66 x 166 x 66 x 165
Acres: 0.25
Assessment Pending: No
Assessments
Tax With Assessments: 28479
Building Information
Finished SqFt Above Ground: 4160
Finished SqFt Below Ground: 1693
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: Yes
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 22 x 37
Garage Square Feet: 806
Public Survey Info
Range#: 22
Section#: 06
Township#: 117
Location Tax and Other Information
House Number: 721
Street Name: Rice
Street Suffix: Street
Street Direction Suffix: E
Postal City: Wayzata
County: Hennepin
State: MN
Zip Code: 55391
Complex/Dev/Subdivision: Wayzata Rev
Property Features
Accessible: Accessible Elevator Installed
Air Conditioning: Central Air; Zoned
Amenities Unit: Ceiling Fan(s); French Doors; Hardwood Floors; In-Ground Sprinkler; Intercom System; Kitchen Center Island; Kitchen Window; Natural Woodwork; Paneled Doors; Patio; Primary Bedroom Walk-In Closet; Sauna; Security System; Sun Room; Tile Floors; Vaulted Ceiling(s); Walk-In Closet; Washer/Dryer Hookup; Wet Bar
Appliances: Air-To-Air Exchanger; Cooktop; Dishwasher; Disposal; Double Oven; Dryer; Electronic Air Filter; Freezer; Microwave; Refrigerator; Trash Compactor; Washer; Water Filtration System
Assumable Loan: Not Assumable
Basement: Drain Tiled; Egress Windows; Storage Space; Sump Pump
Bath Description: Double Sink; Full Jack & Jill; Main Floor 1/2 Bath; Upper Level Full Bath; Full Primary; Private Primary; Full Basement; Bathroom Ensuite; Separate Tub & Shower; Walk-In Shower Stall
Construction Status: Previously Owned
Dining Room Description: Breakfast Bar; Eat In Kitchen; Separate/Formal Dining Room
Electric: 200+ Amp Service; Circuit Breakers
Existing Financing: Free and Clear
Exterior: Brick/Stone; Stucco; Wood
Family Room Characteristics: 2 or More; Lower Level; Main Level
Fencing: None
Fireplace Characteristics: Gas Burning; Living Room; Primary Bedroom; Wood Burning
Foundation: Other
Fuel: Natural Gas
Heating: Forced Air; In-Floor Heating
Laundry: Laundry Room; Sink; Upper Level
Lock Box Type: Supra
Lot Description: Tree Coverage - Medium; Underground Utilities
Parking Characteristics: Driveway - Shared; Floor Drain; Garage Door Opener; Insulated Garage
Road Frontage: City Street; Curbs; Sidewalks
Road Responsibility: Public Maintained Road
Roof: Age 8 Years or Less; Asphalt Shingles
Sellers Terms: Cash; Conventional
Sewer: City Sewer/Connected
Special Search: 2nd Floor Laundry; 3 BR on One Level
Stories: Two
Water: City Water/Connected
Room Information
| Room Name | Dimensions | Level |
| Bar/Wet Bar Room | 10x08 | Lower |
| Dining Room | 15x14 | Main |
| Family Room | 34x31 | Lower |
| First (1st) Bedroom | 21x21 | Upper |
| Fourth (4th) Bedroom | 15x14 | Lower |
| Informal Dining Room | 15x10 | Main |
| Kitchen | 19x16 | Main |
| Laundry | 14x10 | Upper |
| Office | 15x15 | Main |
| Second (2nd) Bedroom | 23x17 | Upper |
| Storage Room | 37x22 | Lower |
| Sun Room | 14x11 | Main |
| Third (3rd) Bedroom | 20x18 | Upper |
| Family Room | 27x19 | Main |
Listing Office: Lakes Sotheby's International Realty
Last Updated: October - 14 - 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. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
Rice_NeighborhoodHighlights.pdf 