Ferndale Woods
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About this home
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.
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Home facts
Facts & features
Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Bath breakdown
- 1 full / 1 3/4
- Heating
- Forced Air
- Cooling
- Central Air
- Appliances
- Cooktop, Dishwasher, Disposal, Dryer, Freezer, Gas Water Heater, Water Filtration System, Water Osmosis System, Refrigerator, Wall Oven, Washer, Water Softener Owned
Property
- Levels / stories
- One
- Garage
- 3 spaces · 31.5 x 30.5 · 960 sqft
- Parking features
- Attached Garage, Driveway - Other Surface, Electric, Floor Drain, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage, Storage
- Pool
- None
- Lot size
- 2.59 acres
- Lot dimensions
- Approximately 400 x 280, but unique shape. See Map
Construction
- Property type
- Residential
- Property subtype
- Single Family Residence
- Construction materials
- Brick/Stone
- Foundation
- 1,583 sqft
- Roof
- Age Over 8 Years, Asphalt
- Year built
- 1981
Utilities
- Water
- City Water/Connected
- Sewer
- City Sewer/Connected
- Electric
- 200+ Amp Service
Community & HOA
- Subdivision
- Ferndale Woods
- HOA
- No HOA
- School district
- Wayzata
Financial & listing details
- Annual tax
- $11,101 (2025)
- Tax with assessments
- 11101.0000
- Listed
- Jul 31, 2025
- Days on market
- 424 · 91 cumulative
Interior details
Exterior & lot
Utilities
Parking & garage
Financial details
Schools
How SODL buyer credits work
When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.
- Tour homes with SODL’s flexible showing network
- Submit offers and manage your transaction through the platform
- Keep more money at closing through transparent flat-fee pricing
A clear, modern way to buy with expert guidance and meaningful savings.
Estimated monthly payment
These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.
Location
481 Peavey Lane, Wayzata, MN, 55391
Listing information
Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.
