481 Peavey Lane, Wayzata, MN 55391
Local realty services provided by:Better Homes and Gardens Real Estate First Choice



481 Peavey Lane,Wayzata, MN 55391
$1,500,000
- 2 Beds
- 2 Baths
- 1,583 sq. ft.
- Single family
- Active
Listed by:fritz
Office:hale properties, inc
MLS#:6752865
Source:NSMLS
Price summary
- Price:$1,500,000
- Price per sq. ft.:$473.78
About this home
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.
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Home facts
- Year built:1981
- Listing Id #:6752865
- Added:13 day(s) ago
- Updated:August 11, 2025 at 03:12 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:1
- Living area:1,583 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
Structure and exterior
- Roof:Age Over 8 Years, Asphalt
- Year built:1981
- Building area:1,583 sq. ft.
- Lot area:2.59 Acres
Utilities
- Water:City Water - Connected
- Sewer:City Sewer - Connected
Finances and disclosures
- Price:$1,500,000
- Price per sq. ft.:$473.78
- Tax amount:$11,101 (2025)
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