481 Peavey Lane Wayzata, MN 55391

$1,500,000
Active
estimated monthly payment
2 Beds  |  2 Baths  |  1,583 Sq Ft  |  Single Family  |  MLS # 6752865
Open House(s)
Sun, Aug. 10 10:00am to 11:30am
  • 481 Peavey Lane
    481 Peavey Lane
  • 481 Peavey Lane, Wayzata, MN 55391 Listing Photo  2
  • Large front paver patio
    Large front paver patio
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  • 481 Peavey Lane, Wayzata, MN 55391 Listing Photo  5
  • West Facing Deck
    West Facing Deck
  • West Facing Deck
    West Facing Deck
  • West Facing Deck- Beautiful View of Stream Below
    West Facing Deck- Beautiful View of Stream Below
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  • Walkout lower level with huge potential for expansion
    Walkout lower level with huge potential for expansion
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  • Large Formal Dining Room
    Large Formal Dining Room
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  • Main Floor Full Bath
    Main Floor Full Bath
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  • 2nd Bedroom is currently laid out as an office
    2nd Bedroom is currently laid out as an office
  • Main Floor Primary Bedroom
    Main Floor Primary Bedroom
  • Primary Bedroom Walk-in Closet
    Primary Bedroom Walk-in Closet
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  • 481 Peavey Lane, Wayzata, MN 55391 Listing Photo  34
  • Awesome potential to finish the basement!
    Awesome potential to finish the basement!
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  • Ample Storage Room
    Ample Storage Room
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  • 481 Peavey Lane, Wayzata, MN 55391 Listing Photo  39
  • Air compressor
    Air compressor
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  • 481 Peavey Lane, Wayzata, MN 55391 Listing Photo  43
  • Car Aficionado's Dream Garage with heat, compressed air, water and drains
    Car Aficionado's Dream Garage with heat, compressed air, water and drains
  • Garage is extra deep
    Garage is extra deep
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  • 481 Peavey Lane, Wayzata, MN 55391 Listing Photo  47
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  • 481 Peavey Lane, Wayzata, MN 55391 Listing Photo  57
  • Lower Level Floor Plan
    Lower Level Floor Plan
  • Main Level Floor Plan
    Main Level Floor Plan
  • Both Floors
    Both Floors
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About The Listing

Private 2.5 Acre Setting in Wayzata: Remodel or Rebuild Opportunity

Tucked at the end of a quiet cul-de-sac, this 2.5-acre property offers a rare combination of privacy, space, and potential minutes from downtown Wayzata. The existing all-brick walkout rambler has been well maintained by the current owner and offers a smart layout with main level primary bedroom, and generous room sizes throughout.

The lower level is a walkout with high ceilings, ready to be finished to suit your needs. The oversized 3-car garage is extra deep, heated, and fully equipped with water, drains, and a built-in air compressor system.

The lot is wide and deep, with mature trees and a stream running through the back of the property. Whether you’re considering a remodel, an expansion, or a full rebuild, the site offers flexibility and long-term upside. Blueprints are available.


Listing courtesy of Fritz, Hale Properties, Inc
Purchase Price
Loan Type
Down Payment
Interest Rate
Estimated Property Taxes
Homeowner's Insurance
HOA Dues
Private Mortgage Insurance
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Property Details

Features

 
 
 
Property Type: Single Family
Status: Active
Contingency Type: None
Year Built: 1981
MLS #: 6752865
Bedrooms: 2
Square Feet: 1,583
Bathrooms (Full): 1
Price Per Square Foot: $948
Bathrooms (Half) : 0
Bathrooms (Three Quarters) : 1
Garage Spaces: 3
Parking Description: Attached Garage, Driveway - Other Surface, Electric, Floor Drain, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage, Storage
Sewer Description: City Sewer/Connected
Air Conditioning Type: Central Air
Water: City Water/Connected
Heat Type: Forced Air
Basement: Block, Unfinished, Walkout
Construction Description: Brick/Stone
Roof Description: Age Over 8 Years, Asphalt
Days On Market (Continuous): 1
Disability Features: None
Latest Update: 08/01/2025
List Date: 07/31/2025
Listing Agent ID: 502023168
Listing Office: Hale Properties, Inc
Listing Office ID: 7977
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Appliances: Cooktop, Dishwasher, Disposal, Dryer, Freezer, Gas Water Heater, Water Filtration System, Water Osmosis System, Refrigerator, Wall Oven, Washer, Water Softener Owned
Fireplace Features: Gas
Number of Fireplaces: 1
Lot Size: 2.59 Acres
Pool Description: None
Lot Features: Irregular Lot, Many Trees
School District: Wayzata
Tax Year: 2025
Estimated Taxes: $11,101
Contingency Type: None
HOA Frequency: N/A
City: Wayzata
Zip: 55391
County: Hennepin
Subdivision: Ferndale Woods
State: MN
Listing last updated: 08/01/25

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