#6648235, Listing office: Compass
$3,879,000 List price
128 Peavey Ln Wayzata, MN 55391
4 beds
2 full, 1 partial
5,063 sqft
$766 / sqft
House
Property details
About 128 Peavey Ln
Incredible opportunity to build your dream home with Stonewood on over 2 acres in Wayzata’s most coveted location, just steps from Wayzata Beach on Lake Minnetonka and vibrant shops, restaurants, and entertainment. This property offers a private driveway off Peavey Lane and a build site with beautiful natural views overlooking the wetlands. The site accommodates a home design with walkout access on both the main and lower levels, all within a peaceful and secluded setting. Enjoy convenient access to the Dakota Rail Regional Trail and a connection to the highly desirable Highcroft neighborhood.
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusActive
CoolingCentral Air
Size5,063 sqft
BasementYes
Year builtNew Const., 2025
ParkingAttached Garage, Asphalt
MLS #6765368
Attached garage3 spaces
FireplaceFamily Room, Gas
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 2
- Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Humidifier, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
- Basement: Yes
- Fireplace: Family Room, Gas
- Total Bedroom Count: 4
- Garage Space: 3 spaces
- Attached Garage: Yes
- Parking: Attached Garage, Asphalt
- Heating: Forced Air
- Cooling: Central Air
- List Price: $3,879,000
- Price/SqFt: $766
- HOA Amount: $0
- Annual Tax Amount: $10,418
- Tax Year: 2023
- Lot: Many Trees
- Directions: Wayzata Blvd to south on Ferndale Rd S to west on Peavey Ln to property.
- Year Built: 2025
- Living Area: 5,063 SqFt
- MLS Number: 6765368
- MLS Name: NORTHSTAR
- Office Name: Coldwell Banker Realty
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 16, 2023 | Home Sold | $987,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $850,000 | $10,418 |
| 2022 | $801,000 | $10,123 |
| 2021 | $614,000 | $8,771 |
| 2020 | $426,000 | $6,046 |
History based on county public records data.
Nearby schools
7
Gleason Lake Elementary School
Public District KG-5
1.5 mi
•310 County Road 101 N
10
Groveland Elementary
Public District KG-5
2.2 mi
•17310 Minnetonka Blvd
6
Oakwood Elementary School
Public District KG-5
2.3 mi
•17340 County Road 6
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $113,362. The majority of Wayzata, MN residents have income $200k+ annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
24%
<35k
21%
35k-100k
16%
100k-200k
39%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
43%
Single, No Kids
4%
Single, with Kids
35%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
11%
12-17 yrs old
11%
18-34 yrs old
41%
35-64 yrs old
27%
65+ yrs old
What do the neighbors do for fun?
Skiing/snowboarding
PGA/LPGA
Figure Skating
Where do the neighbors shop?
BJs Wholesale Club
Stein Mart
GameStop
Where do the neighbors go to eat?
Panera
Cracker Barrel
Bob Evans
What do the neighbors drive?
Infiniti
Lexus
Lincoln
What do the neighbors listen to?
Adult Hits
Oldies
News/Talk/Information
All data provided by Home Junction and Claritas
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Frequently asked questions
About 128 Peavey Ln
The listing price of 128 Peavey Ln property is $3,879,000.
The property 128 Peavey Ln is a house located in Wayzata, Minnesota, 55391.
Active Listing: 128 Peavey Ln is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 128 Peavey Ln are: Gleason Lake Elementary School (GreatSchools Rating 7/10), Groveland Elementary (GreatSchools Rating 10/10), Oakwood Elementary School (GreatSchools Rating 6/10), West Middle School (GreatSchools Rating 8/10), Central Middle School (GreatSchools Rating 7/10), Minnetonka Middle School East (GreatSchools Rating 9/10), Orono High School (GreatSchools Rating 9/10), Minnetonka High School (GreatSchools Rating 10/10), Tier Two (GreatSchools Rating 1/10).
According to the records, the last property tax for 2023 is $10,418 (source: MLS/based on county public records data).
The last sale was on June 16, 2023 for $987,500 (source: MLS/tax record).
The property at 128 Peavey Ln has 4 bedrooms and 2 full and 1 half bathrooms.
The property 128 Peavey Ln is 5,063 SqFt (source: MLS/tax record).
The year of construction for 128 Peavey Ln is 2025.
This home is located at 128 Peavey Ln in Wayzata, MN and zip code 55391 in the Highcroft neighborhood. This 5,063 square foot home was built in 2025. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since August 1, 2025 and is currently priced at $3,879,000.
Over 3 listings were sold over their listed price in July 2025 in Wayzata, MN. In the same period over 22 listings were sold below the listed price and 3 listings were sold for the listed price. The number of listings in Wayzata, MN decreased by 1.9% between June and July 2025. While the average time on the market in July 2025 was 39 days, the median list price was $995,000.
From Rocket Homes Real Estate and based on county public records data.