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Property Details

481 Peavey Lane
Wayzata, MN 55391

Price: $1,350,000

Listing # 6752865


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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.

Basic Features:

Style Single Family Residence
Type Residential
Zoning Residential-Single Family
Year Built 1981
School District Wayzata
County Hennepin
Lot Size Approximately 400 x 280, but unique shape. See Map
Acreage 2.59 acres
Bedrooms 2
Total Baths 2
Garage 3 Car 31.5 x 30.5
Lot Description Irregular Lot,Tree Coverage - Medium
Above Grade 1,583 sq ft
Tax $ / Year $11,101 / 2025
Tax ID
Legal Description

Includes:

Cooktop,Dishwasher,Disposal,Dryer,Freezer,Gas Water Heater,Water Filtration System,Water Osmosis System,Refrigerator,Wall Oven,Washer,Water Softener Owned

Additional Features
Government Programs
Section 01
Terrain Type
Roads City Street,Cul De Sac
Baths 3/4 Primary,Private Primary,Main Floor Full Bath,Rough In
Basement Block,Unfinished,Walkout
Cooling Central Air
Driveway
Electric 200+ Amp Service
Exterior Features Block,Brick,Frame
Fireplace Gas
Foundation 1583.00
Fuel Source Natural Gas
Handicap Access None
Heating Forced Air
Pool None
Roof Age Over 8 Years,Asphalt
Sewer Service City Sewer/Connected
Water Service City Water/Connected
Water Heater
Parking Lot Attached Garage,Driveway - Other Surface,Electric,Floor Drain,Finished Garage,Garage Door Opener,Heated Garage,Insulated Garage,Storage
Exterior Construction
Laundry N

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