Johnson Hoiseth Lake Minnetonka Real Estate Logo
Description Open House Details Location Market Trends Schools Recent Sales Virtual Tour
$1,500,000 Est. $5,523 / mo.*

481 Peavey Lane Wayzata , MN 55391

Listing courtesy of Hale Properties, Inc.

Description

2 Beds
2 Baths
1,583 Sqft
112,820 Sqft lot
2.59 Acre lot
Status: Active
Property Type: Single Family Residence
Year Built: 1981
Neighborhood: Ferndale Woods
Days on Website: 20
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.

Open House

Property Details and Features

Property
Present Use:
Yearly
Amenities
Amenities Unit:
Cable,Deck,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Panoramic View,In-Ground Sprinkler,Tile Floors,Vaulted Ceiling(s),Washer/Dryer Hookup
Appliances & Equipment
Description:
"Cooktop", "Dishwasher", "Disposal", "Dryer", "Freezer", "Gas Water Heater", "Water Filtration System", "Water Osmosis System", "Refrigerator", "Wall Oven", "Washer", "Water Softener Owned"
[+] Read More
$1,500,000 - 2Br/2Ba - for Sale in Ferndale Woods, Wayzata
Virtual Tour

Contact an Agent

Johnson|Hoiseth

9526416500 9522127103

Location

$1,500,000 -
481 Peavey Lane Wayzata , MN 55391
Subdivision: Ferndale Woods

Street View

Nearby Schools

Recent Sales in the Area

This data is up-to-date as of August 21, 2025 3:13PM. For the most current information, contact Lakes Sotheby's International Realty, 952-641-6500, Paul@JohnsonHoiseth.com

Similar Properties Nearby