481 Peavey Lane Wayzata, MN 55391

$1,100,000
Active
estimated monthly payment
2 Beds  |  2 Baths  |  1,583 Sq Ft  |  Single Family  |  MLS # 7014977
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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
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Property Details

Features

 
 
 
Property Type: Single Family
Status: Active
Contingency Type: None
Year Built: 1981
MLS #: 7014977
Bedrooms: 2
Square Feet: 1,583
Bathrooms (Full): 1
Price Per Square Foot: $695
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
Sewer Description: City Sewer/Connected
Air Conditioning Type: Central Air
Water: City Water/Connected
Heat Type: Forced Air
Basement: Block, Unfinished, Walkout
Construction Description: Block, Brick, Frame
Roof Description: Age Over 8 Years, Asphalt
Days On Market (Continuous): 148
Disability Features: None
Latest Update: 02/01/2026
List Date: 01/30/2026
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, Microwave, Refrigerator, Stainless Steel Appliances, Trash Compactor, Wall Oven, Washer, Water Softener Owned
Fireplace Features: Family Room, Gas
Number of Fireplaces: 1
Lot Size: 2.59 Acres
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: 02/01/26

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