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  • $1,500,000

    481 Peavey Ln, Wayzata, MN 55391

    2beds
    3,166sqft
    : 
    Single Family Residence
    Built in 1981
    2.59 Acres Lot
    $1,444,300 Zestimate®
    $474/sqft
    $-- HOA

    What's special

    Smart layoutExtra deepMain level primary bedroomHigh ceilingsAll-brick walkout ramblerGenerous room sizesMature trees
    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.
    1 day
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    Zillow last checked: 7 hours ago

    Listing updated: August 01, 2025 at 08:41am

    Listed by:

    Fritz 952-215-8951,

    Hale Properties, Inc

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6752865MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 481 Peavey Ln.

    Next available tour time:Tomorrow at 11am

    Open house

    • Sun, Aug 10

      10:00 AM - 11:30 AM

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 1
    • 3/4 bathrooms: 1
    Bathroom
    • Description: 3/4 Primary,Private Primary,Main Floor Full Bath,Rough In
    Dining room
    • Description: Breakfast Area,Separate/Formal Dining Room
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Cooktop, Dishwasher, Disposal, Dryer, Freezer, Gas Water Heater, Water Filtration System, Water Osmosis System, Refrigerator, Wall Oven, Washer, Water Softener Owned
    Features
    • Basement: Block,Unfinished,Walk-Out Access
    • Number of fireplaces: 1
    • Fireplace features: Gas
    Interior area
    • Total structure area: 3,166
    • Total interior livable area: 3,166 sqft
    • Finished area above ground: 1,583
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 3
    • Parking features: Attached, Driveway - Other Surface, Electric, Floor Drain, Garage, Garage Door Opener, Heated Garage, Insulated Garage, Storage
    • Attached garage spaces: 3
    • Has uncovered spaces: Yes
    • Details: Garage Dimensions (31.5 x 30.5), Garage Door Height (7), Garage Door Width (12)
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Composite Decking, Deck, Patio
    • Pool features: None
    Lot
    • Size: 2.59 Acres
    • Dimensions: Appro x imately 400 x 280, but unique shape. See Map
    • Features: Irregular Lot, Many Trees
    Details
    • Foundation area: 1583
    • Parcel number: 0111723310010
    • Zoning description: Residential-Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Brick/Stone, Block, Brick, Frame
    • Roof: Age Over 8 Years,Asphalt
    Condition
    • Age of Property: 44
    • New construction: No
    • Year built: 1981

    Utilities & green energy

    • Electric: 200+ Amp Service, Power Company: Xcel Energy
    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & HOA

    Community
    • Subdivision: Ferndale Woods
    HOA
    • Has HOA: No
    Location
    • Region: Wayzata

    Financial & listing details

    • Price per square foot: $474/sqft
    • Tax assessed value: $952,600
    • Annual tax amount: $11,101
    • Date on market: 8/1/2025
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