461 Peavey Ln Wayzata, MN 55391
Estimated payment $13,962/month
Highlights
- 108,029 Sq Ft lot
- Deck
- No HOA
- Gleason Lake Elementary School Rated A
- 3 Fireplaces
- Home Office
About This Home
Welcome to 461 Peavey Lane, nestled in the serene Highcroft neighborhood of Wayzata. This home offers a rare opportunity to renovate and personalize or to develop a magnificent new build on a sprawling 2.5-acre lot. This residence boasts 4 spacious bedrooms and 4 bathrooms across an expansive 4,718 square feet. As you enter, you are greeted by a grand main floor with soaring 14-foot ceilings, highlighting a large kitchen and family room area perfect for entertaining. The primary suite is a sanctuary of comfort with its own fireplace, walk-in closet, and luxurious ensuite bathroom. The upper level features two additional well-appointed bedrooms, while the fourth bedroom on the lower level provides privacy and versatility. The property also includes a partial lower level, offering additional living space and functionality. The attached 3-car garage ensures ample space for vehicles and storage. Enjoy the beauty of nature from the deck. This home is ideally situated just a short distance from downtown Wayzata, where you can enjoy a variety of dining options and charming shops. Additionally, outdoor enthusiasts will appreciate easy access to the Dakota Trail, perfect for walking, running, and biking.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $17,982
Year Built
- Built in 1984
Lot Details
- 2.48 Acre Lot
- Additional Parcels
Parking
- 3 Car Attached Garage
- Garage Door Opener
Home Design
- Split Level Home
Interior Spaces
- 3 Fireplaces
- Family Room
- Living Room
- Dining Room
- Home Office
- Partial Basement
Kitchen
- Built-In Double Oven
- Microwave
- Dishwasher
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 4 Bedrooms
Additional Features
- Deck
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- Ferndale Woods Subdivision
Listing and Financial Details
- Assessor Parcel Number 0111723310011
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $15,939 | $1,383,600 | $593,500 | $790,100 |
| 2022 | $14,070 | $1,188,000 | $450,000 | $738,000 |
| 2021 | $12,652 | $1,071,000 | $477,000 | $594,000 |
| 2020 | $13,088 | $975,000 | $398,000 | $577,000 |
| 2019 | $12,000 | $972,000 | $384,000 | $588,000 |
| 2018 | $12,316 | $895,000 | $321,000 | $574,000 |
| 2017 | $10,914 | $805,000 | $321,000 | $484,000 |
| 2016 | $12,428 | $878,000 | $375,000 | $503,000 |
| 2015 | $12,788 | $878,000 | $353,000 | $525,000 |
| 2014 | -- | $787,000 | $299,000 | $488,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/16/2025 06/16/25 | For Sale | $2,250,000 | -- | $477 / Sq Ft |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $75,000 | Credit Line Revolving |
Source: NorthstarMLS
MLS Number: 6697199
APN: 01-117-23-31-0011
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