481 Peavey Lane, Wayzata, MN 55391
- $882,000
- 2
- BD
- 2
- BA
- 1,583
- SqFt
- Sold Price
- $882,000
- List Price
- $995,000
- Days on Market
- 152
- Closing Date
- Jul 01, 2026
- MLS#
- 7014977
- Status
- CLOSED
- Type
- Single Family Residential
- Bedrooms
- 2
- Bathrooms
- 2
- Living Area
- 1,583
- Acres
- 2.59
- Subdivision
- Ferndale Woods
- Year Built
- 1981
Property Description
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.
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Additional Information
- School District
- Wayzata
- Appliances
- Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stainless Steel Appliances, Trash Compactor, Wall Oven, Washer, Water Softener Owned
- Tax Year
- 2025
- Fuel
- Natural Gas
- Sewer
- City Sewer/Connected
- Roof
- Age Over 8 Years, Asphalt
- Air Conditioning
- Central Air
- Heating
- Forced Air
- Water
- City Water/Connected
- Basement
- Block, Unfinished, Walkout
- Parking
- Attached Garage, Driveway - Other Surface, Electric, Floor Drain, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage
- Garage Spaces
- 3
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Listing courtesy of Hale Properties, Inc.
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