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  • $2,300,000

    540 Rice St E, Wayzata, MN 55391

    3beds
    3,601sqft
    (TH) Side x Side
    Built in 2006
    2,178 Square Feet Lot
    $-- Zestimate®
    $639/sqft
    $5,798 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $5,798/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Meredith A Howell 612-940-4566,

    Coldwell Banker Realty,

    Drew Hueler 612-701-3124

    Bought with:

    Stickney Real Estate – David Stickney

    Coldwell Banker Realty

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6697633MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 1
    • 3/4 bathrooms: 2
    • 1/2 bathrooms: 1
    Bedroom
    • Level: Upper
    • Area: 361 Square Feet
    • Dimensions: 19x19
    Bedroom 2
    • Level: Upper
    • Area: 120 Square Feet
    • Dimensions: 12x10
    Bedroom 3
    • Level: Lower
    • Area: 312 Square Feet
    • Dimensions: 24x13
    Deck
    • Level: Third
    Dining room
    • Level: Main
    • Area: 195 Square Feet
    • Dimensions: 15x13
    Kitchen
    • Level: Main
    • Area: 195 Square Feet
    • Dimensions: 15x13
    Laundry
    • Level: Upper
    Living room
    • Level: Main
    • Area: 627 Square Feet
    • Dimensions: 33x19
    Office
    • Level: Upper
    • Area: 195 Square Feet
    • Dimensions: 15x13
    Heating
    • Forced Air, Fireplace(s), In-Floor Heating
    Cooling
    • Central Air
    Appliances
    • Included: Cooktop, Dishwasher, Dryer, Exhaust Fan, Microwave, Refrigerator, Wall Oven, Washer
    • Laundry: Laundry Room, Sink, Upper Level
    Features
    • Basement: Daylight,Partial,Partially Finished,Walk-Out Access
    • Number of fireplaces: 2
    • Fireplace features: Gas, Living Room, Primary Bedroom
    Interior area
    • Total structure area: 3,601
    • Total interior livable area: 3,601 sqft
    • Finished area above ground: 2,933
    • Finished area below ground: 668

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached, Heated Garage, Insulated Garage, Tuckunder Garage
    • Attached garage spaces: 2
    Accessibility
    • Accessibility features: Accessible Elevator Installed
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Deck
    • Fencing: Partial
    Lot
    • Size: 2,178 Square Feet
    • Dimensions: 58 x 35
    • Features: Near Public Transit, Tree Coverage - Medium, Zero Lot Line
    Details
    • Foundation area: 1408
    • Parcel number: 0611722240097
    • Zoning description: Residential-Multi-Family

    Construction

    Type & style
    • Home type: Townhouse
    • Property subtype: (TH) Side x Side
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 2006

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & HOA

    Community
    • Subdivision: Rice Street Brownstones Add
    HOA
    • Has HOA: Yes
    • Services included: Maintenance Structure, Hazard Insurance, Lawn Care, Other, Maintenance Grounds, Parking, Snow Removal
    • HOA fee: $800 monthly
    • HOA name: Ellian Management
    • HOA phone: 952-210-3383
    Location
    • Region: Wayzata

    Financial & listing details

    • Price per square foot: $639/sqft
    • Tax assessed value: $2,370,400
    • Annual tax amount: $23,107
    • Date on market: 1/30/2026
    • Cumulative days on market: 220 days
    • Road surface type: Paved

    Price history

    DateEventPrice
    9/1/2026Sold$2,300,000-13.2%$639/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6697633 Report a problem
    7/25/2026Pending sale$2,650,000$736/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6697633 Report a problem
    7/17/2026Listed for sale$2,650,000$736/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6697633 Report a problem
    7/17/2026Pending sale$2,650,000$736/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6697633 Report a problem
    1/30/2026Listed for sale$2,650,000-14.5%$736/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6697633 Report a problem
    11/19/2025Listing removed$3,100,000$861/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6697633 Report a problem
    10/3/2025Listed for sale$3,100,000+66%$861/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6697633 Report a problem
    3/29/2023Sold$1,867,400+33.4%$519/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6348440 Report a problem
    3/7/2023Listing removed--
    Source: Zillow Rentals Report a problem
    1/6/2023Price change$8,500-10.5%$2/sqft
    Source: Zillow Rentals Report a problem
    12/4/2022Listed for rent$9,500$3/sqft
    Source: Zillow Rental Network Premium Report a problem
    3/30/2021Sold$1,400,000-6.6%$389/sqft
    Source: NorthstarMLS as distributed by MLS GRID #5628612 Report a problem
    11/11/2020Price change$1,499,500-3.2%$416/sqft
    Source: Coldwell Banker Realty #5628612 Report a problem
    9/25/2020Price change$1,549,500-3.1%$430/sqft
    Source: Coldwell Banker Realty #5628612 Report a problem
    7/31/2020Listed for sale$1,599,000+33.5%$444/sqft
    Source: Coldwell Banker Realty #5628612 Report a problem
    10/18/2018Sold$1,197,500-7.5%$333/sqft
    Source: Public Record Report a problem
    8/21/2018Pending sale$1,295,000$360/sqft
    Source: Coldwell Banker Burnet - Wayzata #4844207 Report a problem
    8/21/2018Listed for sale$1,295,000$360/sqft
    Source: Coldwell Banker Burnet - Wayzata #4844207 Report a problem
    7/18/2018Listing removed$1,295,000$360/sqft
    Source: Coldwell Banker Burnet - Wayzata #4844207 Report a problem
    7/3/2018Price change$1,295,000-7.2%$360/sqft
    Source: Coldwell Banker Burnet - Wayzata #4844207 Report a problem
    3/12/2018Price change$1,395,000-7%$387/sqft
    Source: Coldwell Banker Burnet - Wayzata #4844207 Report a problem
    9/20/2017Price change$1,500,000-9.1%$417/sqft
    Source: Coldwell Banker Burnet - Wayzata #4844207 Report a problem
    8/15/2017Price change$1,650,000-5.4%$458/sqft
    Source: Coldwell Banker Burnet - Wayzata #4844207 Report a problem
    8/9/2017Price change$1,745,000-2.8%$485/sqft
    Source: Coldwell Banker Burnet - Wayzata #4844207 Report a problem
    7/17/2017Price change$1,795,000-10%$498/sqft
    Source: Coldwell Banker Burnet - Wayzata #4844207 Report a problem
    6/19/2017Listed for sale$1,995,000+8.3%$554/sqft
    Source: Coldwell Banker Burnet - Wayzata #4844207 Report a problem
    5/4/2007Sold$1,842,627$512/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$23,107 -7.3%$2,370,400 +25.3%
    2024$24,921 +53%$1,891,700 -10.6%
    2023$16,290 +1.4%$2,116,500 +54%
    2022$16,070 +5.5%$1,374,000 +13.5%
    2021$15,235 -28.6%$1,211,000 +4.7%
    2020$21,353 +40.2%$1,157,000 -24.5%
    2019$15,235 -28.6%$1,533,000 +6.6%
    2018$21,353 +2.8%$1,438,000 +3.6%
    2017$20,774 +5.1%$1,388,000 +20.4%
    2016$19,767 +18.1%$1,153,000 +9.7%
    2015$16,742 +7.5%$1,051,000 +1.8%
    2014$15,579 -22.8%$1,032,000 -22.1%
    2013$20,170 +3.7%$1,325,000
    2012$19,443 +5.4%$1,325,000
    2011$18,442 +1.2%$1,325,000 -6%
    2010$18,230 +15.5%$1,410,000 +8.9%
    2009$15,789 $1,295,000
    Find assessor info on the county website

    Neighborhood: 55391

    Nearby schools

    GreatSchools rating