Date
Details
Price
Change
Source
1/30/2026
Listed
$1,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/55
$1,100,000 Just Listed
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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 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.
Full Property Details
Full Property Details for 481 Peavey Ln
General
- Price: $1,100,000
- Taxes: $11,101 (2025)
- Status: Active
- Type: Single Family
- Source: NorthStarMLS_RMLS
- MLS ID: 7014977
- Updated: Today (1/30/2026)
- Added to Site: Today
Interior
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Family Room, Gas
- Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stainless Steel Appliances, Trash Compactor, Wall Oven, Washer, Water Softener Owned
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- 3/4 Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Dining Room: Breakfast Area, Separate Formal Dining Room
- Formal Dining Room: Breakfast Area, Separate/Formal Dining Room
Exterior
- Porch/Patio/Deck: Composite Decking, Deck
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Description: 31.5 x 30.5
- Garage Spaces: 3
- Parking Features: Attached Garage, Driveway - Other Surface, Electric, Floor Drain, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage
Location
- County: Hennepin
- Township: Wayzata
- Subdivision: Ferndale Woods
- Driving Directions: Lake St W, South on Peavey Rd, West on Peavey Lane to home at end of cul-de-sac. Up paver driveway.
School Information
- School District: 1280 - Wayzata
- High School District: Wayzata
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
Structural Information
- Exterior Const.: Block, Brick, Frame
- Basement: Yes
- Basement Desc.: Block, Unfinished, Walk-Out
- Foundation Size: 1583
- Roof: Age Over 8 Years, Asphalt
- Disability Access: None
- Square Feet: 1,583
- Above Ground: 1,583 Sq. Ft.
- Below Ground: 1,583 Sq. Ft.
- Year Built: 1981
Lot Features
- Lot Size (Acres): 2.59
- Lot Dimensions: Appro x imately 400 x 280
- Frontage: City Street
- Zoning: Residential-Single Family
Financial Considerations
- Tax Amount: $11,101
- Tax Year: 2025
- Terms: Conventional Rehab, Conventional, VA, Cash
Disclosures and Reports
- Legal Description: LOT 016 BLOCK 001 FERNDALE WOODS
- Property ID: 111723310010
Listed by Hale Properties, Inc
We Value Your Privacy
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Listing agent
— 481 Peavey Ln —
Hale Properties, Inc
NMLS#: 1598647
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Schools
Schools serving 481 Peavey Ln
School District:Wayzata Public School District
| Name | Grades | Distance |
|---|---|---|
Gleason Lake Elementary School 310 County Road 101, Plymouth, MN 55447 | K-5 | 2 mi |
Wayzata West Middle School 149 Barry Avenue North, Wayzata, MN 55391 | 6-8 | 1 mi |
Wayzata High School 4955 Peony Lane North, Plymouth, MN 55446 | 9-12 | 5.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 481 Peavey Ln
Tax History
Tax History for 481 Peavey Ln
Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,101
13%
$952,600
8%
2023
$9,808
20%
$883,400
21%
2023
$8,151
—
$730,000
10%
2023
$8,151
12%
$662,000
15%
2020
$7,269
12%
$577,000
11%
2019
$6,485
4%
$522,000
5%
2018
$6,254
4%
$499,000
4%
2017
$6,031
-10%
$480,000
-6%
2016
$6,688
3%
$512,000
6%
2015
$6,477
9%
$484,000
11%
2014
$5,949
-4%
$436,000
-6%
2013
$6,223
—
$462,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 481 Peavey Ln
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481 Peavey Lane, Wayzata, MN 55391 (MLS# 7014977) is a Single Family property with 2 bedrooms, 1 full bathroom and 1 partial bathroom. 481 Peavey Lane is currently listed for $1,100,000 and was received on January 30, 2026. Want to learn more about 481 Peavey Lane? Do you have questions about finding other Single Family real estate for sale in Wayzata? You can browse all Wayzata real estate or contact a Coldwell Banker agent to request more information.