715 Rice Street E

Wayzata, MN
$ 3,695,000 Beds 3 Baths 4 Sq 5,314 Virtual Tour
Monthly Estimate* How much can I afford?

Fresh, modern, updated luxury, all at the heart of downtown Wayzata. Elevator access to all three levels elevates everyday convenience. The first renovation by Denali introduced a bright, open layout with a stunning new kitchen, wide-plank white oak floors, steel beam accents, and a refined primary suite bath. A design continuation by PKA, Engler Studios and Welch Forsman elevated the remaining spaces, delivering a cohesive, sophisticated home, including all new kitchen appliances. The fully remodeled lower level features a sauna and exceptional entertaining space, complemented by all-new mechanicals, AV, cameras, and security systems. A two story entry was artfully converted into a stylish secondary office, while the heated, epoxy coated garage and permeable paver driveway add everyday ease. Thoughtful all-new landscaping frames a private outdoor oasis complete with gas fireplace, fountain, paver patio, and spa. Fresh, whole-house exterior professional painting just completed. Every detail and system has been meticulously addressed—offering an unparalleled, move in ready residence at a fraction of new construction cost.

Single Family

  • Price
  • $ 3,695,000
  • City
  • Wayzata
  • Bedrooms
  • 3
  • Full Bathrooms
  • 3
  • County
  • HENNEPIN
  • Half Bathrooms
  • 2
  • Area
  • Wayzata
  • Lot Size
  • 0.25 Acres
  • Zip
  • 55391
  • Sqr Footage
  • 5,314
  • Year Built
  • 2001
  • Taxes
  • $ 34586
  • Style
  • Single Family
  • MLS#
  • 7022564
Listed By: Coldwell Banker Realty - Lakes
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 5314
Sewer City Sewer/Connected
Heating Forced Air,In-Floor Heating
Cooling Central Air
Roof Age 8 Years or Less,Asphalt
Appliances Air-To-Air Exchanger,Cooktop,Dishwasher,Disposal,Double Oven,Dryer,Exhaust Fan,Humidifier,Gas Water Heater,Water Filtration System,Microwave,Refrigerator,Stainless Steel Appliances,Wall Oven,Washer,W
Garage Spaces 2
Pool Features None
Year Built 2001
Electric Circuit Breakers
Levels Two
Property Subtype Single Family
Tax Year 2026
Accessibility Accessible Elevator Installed
County Hennepin
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Wayzata
Full Baths 1
Directions Lake Street E to north on Broadway. East on Rice Street to home.
City Wayzata
High School District Wayzata
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 34586
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s),French Doors,Hardwood Floors,Hot Tub,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Patio,Sauna,Security System,In-Ground Sprinkler,Tile Floors,Washer/Dryer Hookup
PostalCity Wayzata

Interior Features

Basement Drain Tiled,Egress Window(s),Finished,Full,Concrete,Storage Space,Sump Pump
Total Fireplaces 3
Fireplace Features Family Room,Gas,Living Room,Other,Stone
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 4204
Half Baths 2
3/4 Baths 2
Laundry Features Laundry Room,Upper Level
Total Bedrooms 3
Below Grade Finished Area 1110
Total Baths 5
Bath Desc 1/2 Basement,Double Sink,Bathroom Ensuite,Full Primary,His and Her Closets,Private Primary,Main Floor 1/2 Bath,Sauna,Separate Tub & Shower,Upper Level 3/4 Bath,Upper Level Full Bath
Dining Room Description Breakfast Area,Living/Dining Room,Separate/Formal Dining Room
Fuel Natural Gas
Garage Dimensions 25x25
Garage Door Width 8
Garage Square Feet 679

Exterior Features

Fencing Full
Parking Features Attached Garage,Driveway - Other Surface,Floor Drain,Garage Door Opener,Heated Garage,Insulated Garage
Lot Features Tree Coverage - Light
Water Source City Water/Connected
Lot Size Area 0.25
Building Area Total 6027
Lot Dimensions 66x165x66x166
Waterfront Y/N No
Foundation Area 1823
Road Frontage Type City Street,Paved Streets
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

3/2/2026 Listed $3,998,000
8/28/2026 8% - $3,695,000

Property vs Zip Code Average in 55391

Price
AVG $4.01M
$3.7M
Taxes
AVG $29,028
$34,586
Year Built
AVG 1995
2001
Visits
AVG 170
46
Data Provided by Inside Real Estate®

715 Rice Street E Wayzata, MN is a Single Family Home for sale at $3695000 with 5314 sqft and a lot size of 0.25 Acres Acre(s). 715 Rice Street E Wayzata has 3 bedrooms, 3 baths and was built in 2001. The property's zip code is 55391 which is in Wayzata, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.