540 Rice Street E, Wayzata, MN 55391

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540 Rice Street E, Wayzata, MN 55391

$2,300,000

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: Closed

Current Price: $2,300,000 List Date: 7/17/2026 Last Modified: 9/01/2026

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)

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

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 Financing Terms: Cash 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

Off Market Date: 2026-07-24
Contingency: None
Closed Date: 2026-09-01
Original List Price: 3100000
Sales Close Price: 2300000
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

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

Public Survey Info

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

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: September - 01 - 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.