MLS: #7014977, Listed By: Frederick Soberay, Hale Properties, Inc, Source:FargoMoorhead Area Association of REALTORS
481 Peavey Lane
Wayzata, MN 55391
2
Bed
2
Bath
1,583Sqft
2.59Acres(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 2Bathroom Information
Total Baths: 2 Full Baths: 1Room Information
Has Basement: Yes Basement: Unfinished, Block, Concrete -
Roofing Information
Asphalt, Shingle -
Interior Features
Roof: Asphalt, Shingle Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Trash Compactor, Washer -
Heating & Cooling
Has Heating: Yes Heating: Forced Air Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 1981 Building Area Total: 3166 Construction Materials: Block, Brick, Frame Stories: 1 Patio And Porch Features: Deck Private Pool: No
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Lot Information
Lot Dimensions: Approximately 400 x 280 Main Square Feet: 2.59 Acres Lot Size Acres: 2.59 Lot Size Square Feet: 112820.4Property Information
Subdivision: Ferndale Woods Source Property Type: Residential Property SubType: Single Family Residence Levels: One Property Age: 45
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Listing Price Information
Listing Price: $995000 Original Price: $1100000 Cash, Conventional, VA Loan
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Tax Information
Parcel Number: 0111723310010 Annual Tax: $11101
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Parking Information
Garage Door Opener, Heated Garage, GarageGarage Information
Has Garage: Yes Garage Space: 3
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Location Information
Direction: Lake St W, South on Peavey Rd, West on Peavey Lane to home at end of cul-de-sac. Up paver driveway. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2935 Minnehaha Curve, Wayzata, MN, 55391 | $1,990,000 | 5 | 5 | 6,784 | 6,784 SqFt |
| 14250 Trace Ridge Road, Wayzata, MN, 55391 | $1,699,000 | 4 | 5 | 5,637 | 5,637 SqFt |
| 2081 Meeting Street, Wayzata, MN, 55391 | $1,100,000 | 4 | 3 | 2,950 | 2,950 SqFt |
| 14441 Wellington Road, Wayzata, MN, 55391 | $624,900 | 4 | 2 | 2,400 | 2,400 SqFt |
| 1731 Oakways Street, Wayzata, MN, 55391 | $625,000 | 3 | 2 | 3,101 | 3,101 SqFt |
| 2700 Olde Wood Court, Wayzata, MN, 55391 | $999,900 | 4 | 4 | 4,333 | 4,333 SqFt |
| 14801 Stone Road, Wayzata, MN, 55391 | $1,695,000 | 5 | 4 | 5,015 | 5,015 SqFt |
| 1912 Linner Woods Court, Wayzata, MN, 55391 | $2,200,000 | 5 | 4 | 4,938 | 4,938 SqFt |
| 2634 Crosby Road, Wayzata, MN, 55391 | $6,470,000 | 4 | 6 | 7,386 | 7,386 SqFt |
| 3141 Fairchild Avenue, Wayzata, MN, 55391 | $2,750,000 | 6 | 5 | 5,090 | 5,090 SqFt |
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than ByOwner are marked with the listing office name. IDX information is provided exclusively 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. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.
ByOwner last updated this listing 06/08/2026 @ 17:18
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