481 Peavey Lane, Wayzata, MN 55391

Local realty services provided by:ERA Prospera Real Estate
481 Peavey Lane,Wayzata, MN 55391
$1,100,000
  • 2 Beds
  • 2 Baths
  • 1,583 sq. ft.
  • Single family
  • Active
Listed by: fritz
Office: hale properties, inc
MLS#:7014977
Source:NSMLS

Price summary

  • Price:$1,100,000
  • Price per sq. ft.:$694.88

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 #:7014977
  • Added:2 day(s) ago
  • Updated:February 01, 2026 at 06:43 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:$1,100,000
  • Price per sq. ft.:$694.88
  • Tax amount:$11,101 (2025)
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.

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