$10,000 Closing Credit¹
#6718491, Listing office: Coldwell Banker Realty
$2,250,000 List price
461 Peavey Ln Wayzata, MN 55391
$10,000
Closing credit¹
4 beds
2 full, 1 partial
4,718 sqft
$477 / sqft
House
Property details
About 461 Peavey Ln
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.
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusComing Soon
CoolingCentral Air
Size4,718 sqft
BasementYes
Year built1984
ParkingAttached Garage, Garage Door Opener
MLS #6697199
Attached garage3 spaces
Active DateJune 16, 2025
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 2
- Appliances: Dishwasher, Double Oven, Microwave, Other, Refrigerator, Stainless Steel Appliances, Oven
- Basement: Yes
- Total Bedroom Count: 4
- Garage Space: 3 spaces
- Attached Garage: Yes
- Parking: Attached Garage, Garage Door Opener
- Heating: Forced Air
- Cooling: Central Air
- List Price: $2,250,000
- Price/SqFt: $476
- HOA Amount: $0
- Annual Tax Amount: $15,938
- Tax Year: 2023
- Directions: Wayzata Boulevard, south on Ferndale Road, west on Peavey Lane to home.
- Year Built: 1984
- Living Area: 4,718 SqFt
- MLS Number: 6697199
- MLS Name: NORTHSTAR
- Office Name: Compass
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$2,250,000
461 Peavey Ln
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $1,383,600 | $15,938 |
| 2022 | $1,188,000 | $13,938 |
| 2021 | $1,071,000 | $14,069 |
| 2020 | $975,000 | $12,652 |
| 2019 | $972,000 | $13,087 |
| 2018 | $895,000 | $11,999 |
| 2017 | $902,000 | $12,316 |
History based on county public records data.
Nearby schools
7
Gleason Lake Elementary School
Public District KG-5
1.9 mi
•310 County Road 101 N
6
Oakwood Elementary School
Public District KG-5
2.6 mi
•17340 County Road 6
10
Groveland Elementary
Public District KG-5
2.6 mi
•17310 Minnetonka Blvd
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. Residents of Wayzata, MN typically earn $200k+ each year. 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 461 Peavey Ln
The listing price of 461 Peavey Ln property is $2,250,000.
The property 461 Peavey Ln is a house located in Wayzata, Minnesota, 55391.
Coming Soon: 461 Peavey Ln is Coming Soon. This listing has not previously been on the market, but will be on the market soon (no showings are allowed yet). A listing contract has been executed.
The nearby schools for 461 Peavey Ln are: Gleason Lake Elementary School (GreatSchools Rating 7/10), Oakwood Elementary School (GreatSchools Rating 6/10), Groveland Elementary (GreatSchools Rating 10/10), West Middle School (GreatSchools Rating 8/10), Central Middle School (GreatSchools Rating 7/10), Orono Middle School (GreatSchools Rating 7/10), 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 $15,938 (source: MLS/based on county public records data).
The property at 461 Peavey Ln has 4 bedrooms and 2 full and 1 half bathrooms.
The property 461 Peavey Ln is 4,718 SqFt (source: MLS/tax record).
The year of construction for 461 Peavey Ln is 1984.
This home is located at 461 Peavey Ln in Wayzata, MN and zip code 55391. This 4,718 square foot home was built in 1984. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 12, 2025 and is currently priced at $2,250,000.
In May 2025 more than 11 listings in Wayzata, MN were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 19 were sold below. Between April and May 2025, Wayzata, MN real estate market has seen increase in the number of listings by 26.4%. The median list price of listings available in May 2025 was $973,333, while the average time on the real estate market was 47 days.
From Rocket Homes Real Estate and based on county public records data.