481 Peavey Lane, Wayzata, MN 55391

Wayzata
Local realty services provided by:Better Homes and Gardens Real Estate Advantage One
481 Peavey Lane,Wayzata, MN 55391
$995,000
  • 2 Beds
  • 2 Baths
  • 1,583 sq. ft.
  • Single family
  • Pending
Listed by: fritz
Office: hale properties, inc
MLS#:7014977
Source:NSMLS

Price summary

  • Price:$995,000
  • Price per sq. ft.:$314.28

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 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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Home facts

  • Year built:1981
  • Listing ID #:7014977
  • Added:147 day(s) ago
  • Updated:June 27, 2026 at 08:37 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:1
  • Dining Description:Breakfast Area, Separate/Formal Dining Room
  • Bathrooms Description:Main Floor 3/4 Bath, Main Floor Full Bath, Rough In
  • Kitchen Description:Cooktop, Dishwasher, Disposal, Microwave, Refrigerator, Stainless Steel Appliances, Trash Compactor, Wall Oven
  • Basement:Yes
  • Basement Description:Block, Unfinished, Walkout
  • Living area:1,583 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Roof:Age Over 8 Years, Asphalt
  • Year built:1981
  • Building area:1,583 sq. ft.
  • Lot area:2.59 Acres
  • Construction Materials:Block
  • Levels:1 Story

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$995,000
  • Price per sq. ft.:$314.28
  • Tax amount:$11,101 (2025)

Features and amenities

  • Appliances:Disposal, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer, Water Softener Owned
  • Laundry features:Dryer, Washer
  • Amenities:Water Softener Owned

Parking

  • Parking description:Attached Garage, Driveway - Other Surface, Electric, Floor Drain, Garage Door Opener, Heated Garage, Insulated Garage
  • Garage:Yes
  • Garage spaces:3
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is 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. NSMLS Member Broker: Bob Erickson

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