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.
Est. $4,062 per month, based on comparable rentals
Sale and tax history for 540 Rice St E
Sale History
Tax History
Date
Event
Price
NORTHSTARMLS as Distributed by MLS Grid #6697633
Sep 1, 2026
Sold
$2,300,000
Jul 24, 2026
Pending
—
Jul 17, 2026
Contingent
—
Jul 17, 2026
Pending
—
Jan 29, 2026
Relisted
—
Jan 29, 2026
Price Changed
$2,650,000
Oct 3, 2025
Listed
$3,100,000
NORTHSTARMLS as Distributed by MLS Grid #6348440
Mar 29, 2023
Sold
$1,867,400
NORTHSTARMLS as Distributed by MLS Grid #5628612
Mar 30, 2021
Sold
$1,400,000
Feb 4, 2021
Pending
—
Jan 27, 2021
Contingent
—
Jan 26, 2021
Relisted
—
Jan 18, 2021
Contingent
—
Jan 5, 2021
Relisted
—
Dec 8, 2020
Listing Removed
—
Nov 11, 2020
Price Changed
$1,499,500
Sep 25, 2020
Price Changed
$1,549,500
Jul 30, 2020
Listed
$1,599,000
+36
Striking Landschute brownstone steps to all downtown Wayzata has to offer. Custom woodwork and onyx marble create an elegant residence for a discerning buyer. Open concept main level. Exquisite master suite features gas fireplace, walk-through bath with soaking tub, and double walk-in closets. Lower level flex space could be media room or guest suite. Rooftop deck with views of Lake Minnetonka. 3-story elevator. Heated and insulated 2-car garage. Walk to Wayzata's premier shopping and dining.