Save
Ask
Tour
Hide
Share
$1,500,000
1 Day On Site

481 Peavey Lane
Wayzata, MN55391

For Sale|Single Family Residence|Active
2
Beds
2
Total Baths
1
Full Bath
1
Partial Bath
1,583
SqFt
$948
/SqFt
1981
Built
Subdivision:
Ferndale Woods
County:
Hennepin
Listing courtesy of Hale Properties, Inc
Call Now: 612.729.7130
Is this the listing for you? We can help make it yours.
612.729.7130
Upcoming Open Houses
Sun, Aug 10, 10:00 AM - 11:30 AM
481 Peavey Lane481 Peavey Lane481 Peavey Lane481 Peavey Lane
Save
Ask
Tour
Hide
Share

Mortgage Calculator

Monthly Payment (Est.)

$6,844
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.

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.

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$1,500,000
Days On Site 
1 Day
Bedrooms 
2
Inside Area (SqFt) 
1,583 sqft
Total Baths 
2
Full Baths 
1
Partial Baths 
1
Lot Size 
2.59 Acres
Year Built 
1981
MLS® Number 
6752865
Status 
Active
Property Tax 
$11,101
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
12 hours agoListing updated with changes from the MLS®
yesterdayListing first seen on site
General Features
Acres 
2.59
Attached Garage 
Yes
Garage 
Yes
Garage Spaces 
3
Number Of Stories 
1
Parking 
Garage Door OpenerHeated GarageStorageAttachedDrivewayGarage
Property Sub Type 
Single Family Residence
Sewer 
Public Sewer
SqFt Above 
1583
SqFt Total 
3166
Stories 
One
Utilities 
Cable Available
Water Source 
Public
Zoning 
Residential-Single Family
Interior Features
Appliances 
OvenCooktopDishwasherDisposalDryerFreezerGas Water HeaterRefrigeratorWasherWater Softener OwnedWater Purifier
Basement 
Walk-Out AccessBlockUnfinished
Cooling 
Central Air
Electric 
200+ Amp Service
Fireplace 
Yes
Fireplace Features 
Gas
Fireplaces 
1
Heating 
Natural GasForced Air
Interior 
Vaulted Ceiling(s)Walk-In Closet(s)
Save
Ask
Tour
Hide
Share
Exterior Features
Construction Details 
BrickBlockFrame
Lot Features 
Cul-De-SacIrregular LotMany Trees
Patio And Porch 
DeckPatio
Pool Features 
None
Road Frontage 
City Street
Roof 
Asphalt
Community Features
School District 
Wayzata
Schools
School District
Wayzata
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Hale Properties, Inc



Listing information is provided by Participants of the Northstar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northstar MLS.
Last checked: 2025-08-02 04:03 AM UTC

Neighborhood & Commute
Source: Walkscore
Save
Ask
Tour
Hide
Share