$1,100,000
481 Peavey Lane Wayzata, MN 55391
For Sale MLS# 7014977
2 beds 2 baths 1,583 sq ft Single Family
Details for 481 Peavey Lane
MLS# 7014977
Description for 481 Peavey Lane, Wayzata, MN, 55391
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 hot and cold 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 Information
Property Type: Residential, Single Family
Status: Active
Bedrooms: 2
Bathrooms: 2
Lot Size: 2.59 Acres
Square Feet: 1,583 sq ft
Year Built: 1981
Foundation: 1,583 sq ft
Garage: Yes
Stories: 1 Story
Subdivision: Ferndale Woods
County: Hennepin
Days On Market: 43
Construction Status: Previously Owned
School Information
District: 284 - Wayzata
Room Information
Bathrooms
Full Baths: 1
3/4 Baths: 1
Additonal Room Information
Family: 2 Story/High/Vaulted Ceilings,Family Room
Dining: Breakfast Area,Separate/Formal Dining Room
Bath Description: 3/4 Primary,Main Floor 3/4 Bath,Main Floor Full Bath,Rough In
Interior Features
Square Footage above: 1,583 sq ft
Appliances: Cooktop, Dishwasher, Disposal, Dryer, Refrigerator, Trash Compactor, Wall Oven, Washer, Water Softener - Owned, Microwave, Stainless Steel Appliances
Basement: Concrete Block, Unfinished, Walkout
Fireplaces: 1, Gas Burning, Family Room
Additional Interior Features: Main Floor Primary, Main Floor Bedroom
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Cooling: Central
Heating: Forced Air, Natural Gas
Exterior / Lot Features
Attached Garage: Attached Garage
Garage Spaces: 3
Parking Description: Floor Drain, Garage Door Opener, Heated Garage, Insulated Garage, Electric, Driveway - Other Surface, Attached Garage, Finished Garage, Garage Dimensions - 31.5 x 30.5, Garage Door Height - 7, Garage Door Width - 12, Garage Sq Ft - 960.0
Exterior: Brick/Stone
Roof: Age Over 8 Years, Asphalt Shingles
Lot Dimensions: Approximately 400 x 280
Zoning: Residential-Single Family
Additional Exterior/Lot Features: Road Frontage - City
Driving Directions
Lake St W, South on Peavey Rd, West on Peavey Lane to home at end of cul-de-sac. Up paver driveway.
Financial Considerations
Tax/Property ID: 0111723310010
Tax Amount: 11101
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Hale Properties, Inc
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 481 Peavey Lane
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 481 Peavey Lane
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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