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540 Rice Street E, Wayzata, MN 55391

$2,650,000

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.

Virtual Tour

https://wellcomemat.com/embed/5dc5aa8b84531mcac?mls=1

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.

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 Type: Residential Bedrooms: 3 Baths: 4 Square Footage: 3,601 Lot Size (sq. ft.): 2,178 Status: Active

Current Price: $2,650,000 List Date: 1/30/2026 Last Modified: 6/17/2026

Overview

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 ... (Read more)

Open Houses

Saturday, June 20, 12:00 pm - 2:00 pm

Listing Details MLS# 6697633

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 YN: No
Year Built: 2006
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bath Full: Yes
Bath Three Quarters: 2
Bath Half: Yes
Main Floor Total SqFt: 1408
Above Grd Total SqFt: 2933
Below Grd Total SqFt: 668
Total SqFt: 3601
Total Finished Sqft: 3601.00
FireplaceYN: Yes
Style: (TH) Side x Side
Foundation Size: 1408
Association Fee: 800
Garage Stalls: 2
Lot Dimensions: 58x35
Acres: 0.05
Assessment Pending: No
Bath Quarter: 0

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

Contract Information

Contingency: None
Original List Price: 3100000
ListPrice: 2650000
Owner is an Agent?: No
Auction?: No

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

Assessments

Tax With Assessments: 23107
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 2933
Finished SqFt Below Ground: 668

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 740
Heated Garage: Yes
Insulated Garage: Yes
Tuckunder Garage: Yes

Public Survey Info

Range#: 22
Section#: 06
Township#: 117

Office/Member Info

Association: MAAR

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: Yes

Air Conditioning

Central Air: Yes

Amenities Unit

Balcony: Yes
Deck: Yes
French Doors: Yes
Hardwood Floors: Yes
Kitchen Center Island: Yes
Kitchen Window: Yes
Natural Woodwork: Yes
Paneled Doors: Yes
Primary Bedroom Walk-In Closet: Yes
Security System: Yes
Walk-In Closet: Yes
Washer/Dryer Hookup: Yes
Wet Bar: Yes

Appliances

Cooktop: Yes
Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes

Association Fee Includes

Building Exterior: Yes
Hazard Insurance: Yes
Lawn Care: Yes
Outside Maintenance: Yes
Parking Space: Yes
Snow Removal: Yes
Other: Yes

Assumable Loan

Not Assumable: Yes

Basement

Partial: Yes
Partially Finished: Yes

Bath Description

Primary Walk-Thru: Yes
Main Floor 1/2 Bath: Yes
Upper Level 3/4 Bath: Yes
Private Primary: Yes
3/4 Basement: Yes
Bathroom Ensuite: Yes
Separate Tub & Shower: Yes
Walk-In Shower Stall: Yes

Construction Status

Previously Owned: Yes

Dining Room Description

Eat In Kitchen: Yes
Informal Dining Room: Yes
Kitchen/Dining Room: Yes
Living/Dining Room: Yes

Existing Financing

Conventional: Yes

Exterior

Brick/Stone: Yes

Family Room Characteristics

Lower Level: Yes

Fencing

Partial: Yes

Fireplace Characteristics

Gas Burning: Yes
Living Room: Yes
Primary Bedroom: Yes

Foundation

Other: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes
In-Floor Heating: Yes

Insurance Fee

Insurance Fee: 0

Laundry

Laundry Room: Yes
Sink: Yes
Upper Level: Yes

Lot Description

Public Transit (w/in 6 blks): Yes
Tree Coverage - Medium: Yes
Zero Lot Line: Yes

Patio, Porch and Deck Features

Deck: Yes

Restriction/Covenants

Other Covenants: Yes

Road Frontage

City Street: Yes
Curbs: Yes
Paved Streets: Yes
Sidewalks: Yes

Road Responsibility

Public Maintained Road: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Special Search

2nd Floor Laundry: Yes
Primary Bdr Suite: Yes

Stories

Two: Yes

Townhouse Characteristics

End Unit: Yes

Water

City Water/Connected: Yes

Room Information

Room Name	Dimensions	Level
Laundry		Upper
Third (3rd) Bedroom	24x13	Lower
Office	15x13	Upper
Living Room	33x19	Main
Deck		Third
Dining Room	15x13	Main
Kitchen	15x13	Main
First (1st) Bedroom	19x19	Upper
Second (2nd) Bedroom	12x10	Upper

Listing Office: Coldwell Banker Realty

Last Updated: June - 17 - 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.