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.
Single-familyProperty Type
2002Year Built
0.25 acresLot Size
$530Price/Sq.Ft.
3 car garageParking
Listed by Carey Crowell• Lakes Sotheby's International Realty
Plymouth-Wayzata, located between Lake Minnetonka and Medicine Lake, is a lakeside and suburban Plymouth neighborhood with wooded shorelines and polished retail pockets. The neighborhood’s character concentrates around the Wayzata Boulevard–Lake Street corridor, where marina slips, sidewalk patios, and small storefronts set a lake-town cadence. Wayzata Bar & Grill, 6Smith, and the Wayzata Depot anchor local routines with dining, gathering, and a touch of rail history. Housing ranges from mid-century ramblers to newer builds on curving, tree-lined streets. Trails and parks stitch together water views and everyday errands. The pace feels outdoors-forward, with boats, bikes, and café tables sharing the same calendar.
Provided by Walk Score and Local Logic
Offer insights
721 Rice St E · $3,100,000
$3.1M and above
75% chance or better to win
Why $3.1M+ is a strong offer
DAYS ON MARKET
23 days
The average home goes pending in 17 days.
SALE-TO-LIST
101.0%
Most homes are selling 1% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Ceiling fans
French doors
Hardwood floors
Intercom system
Kitchen center island
Kitchen window
Natural woodwork
Patio
Paneled doors
Sauna
Security system
In-ground sprinkler
Sun room
Tile floors
Vaulted ceilings
Washer/dryer hookup
Wet bar
Walk-in closets
Air-to-air exchanger
Electronic air filter
Humidifier
Water filtration system
Tankless water heater
Water softener (owned)
Bedrooms
4 bedrooms total
Primary bedroom with private ensuite and walk-in closet
Bathrooms
3 full bathrooms
1 half bathroom
Double sinks in baths
Private primary bath with separate tub and walk-in shower
Jack and Jill full bath
Upper level full bath
Main floor half bath
Full basement bathroom
Kitchen
Cooktop
Double oven
Microwave
Dishwasher
Disposal
Freezer
Refrigerator
Stainless steel appliances
Trash compactor
Laundry & utility
Laundry room with sink on upper level
Washer
Dryer
Flooring
Hardwood floors
Tile floors
Heating & cooling
Forced air heating
Central air conditioning
Zoned cooling
Exterior features
Patio
Stone, stucco, and wood exterior
Medium tree coverage
Underground utilities
City street frontage with curbs and sidewalks
In-ground sprinkler
No fencing indicated
Home design
Residential property
Two levels
Accessible elevator installed
Parking
Attached insulated garage with garage door opener
3 garage spaces
Shared driveway
Garage floor drain
Security
Security system
Construction
Asphalt roof (age 8 years or less)
Foundation described as other
Utilities
City water connected
City sewer connected
Natural gas fuel
200+ amp electric service with circuit breakers
Financial info
Free and clear (no mortgage noted)
Other
Above grade finished area 4,160 (listed for reference)
Below grade finished area 1,693 (listed for reference)
Total living area 5,853 (listed for reference)
Basement finished with daylight/lookout windows, egress windows, drain tiled, sump pump, storage space
Electricity and solar
View estimated energy costs and solar savings for this home