About 481 Peavey Lane
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.
Features of 481 Peavey Lane
| MLS® # | 6752865 |
|---|---|
| Price | $1,350,000 |
| Bedrooms | 2 |
| Bathrooms | 2.00 |
| Full Baths | 1 |
| Square Footage | 1,583 |
| Acres | 2.59 |
| Year Built | 1981 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Single Family Residence |
| Status | Active |
Community Information
| Address | 481 Peavey Lane |
|---|---|
| Subdivision | Ferndale Woods |
| City | Wayzata |
| County | Hennepin |
| State | MN |
| Zip Code | 55391 |
Amenities
| # of Garages | 3 |
|---|---|
| Garages | Attached Garage, Driveway - Other Surface, Electric, Floor Drain, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage, Storage |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Appliances | Cooktop, Dishwasher, Disposal, Dryer, Freezer, Gas Water Heater, Water Filtration System, Water Osmosis System, Refrigerator, Wall Oven, Washer, Water Softener Owned |
|---|---|
| Heating | Forced Air |
| Cooling | Central Air |
| Fireplace | Yes |
| # of Fireplaces | 1 |
Exterior
| Lot Description | Irregular Lot, Many Trees |
|---|---|
| Roof | Age Over 8 Years, Asphalt |
| Construction | Brick/Stone |
School Information
| District | Wayzata |
|---|
Additional Information
| Days on Market | 88 |
|---|---|
| Zoning | Residential-Single Family |
| Foreclosure | No |
| Short Sale | No |
| Taxes | $11,101 |
| Tax Year | 2025 |
| HOA Dues Freq. | N/A |
Listing Details
| Office | Hale Properties, Inc |
|---|