128 Peavey Lane, Wayzata, MN 55391

$1,135,000
Property Type: Land Lot Size (sq. ft.): 92,783 Status: Closed
Current Price: $1,135,000 List Date: 5/06/2026 Last Modified: 7/14/2026

Overview

Description

Rare building site opportunity 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. No builder restrictions.

Listing Details MLS# 7060837

General Property Information

Comp Sale YN
No
Development
No
Lot Measurement
Acres
Multiple PIDs?
No
Plat Recorded
Yes
Waterfront YN
No
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Lot Dimensions
N206x241x440x401
Acres
2.13
Assessment Pending
No
Association Fee
0

Property Features

Available Utilities: Cable Available; Electricity Available; Natural Gas Available; None Connected; Phone Available; Sewer Available; Water Available Development Status: Finished Lot(s) Financing Terms: Cash Improvements: Paved Streets; Public Road Land Inclusions: Easements; Soil Test Available; Survey; Survey Stakes; Torrens Sellers Terms: Cash; Conventional Topography: Gently Rolling; Walkout

Contract Information

Off Market Date
2026-07-02
Contingency
None
Closed Date
2026-07-14
Original List Price
1195000
Sales Close Price
1135000
ListPrice
1195000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
128
Street Name
Peavey
Street Suffix
Lane
Postal City
Wayzata
County
Hennepin
State
MN
Zip Code
55391
Complex/Dev/Subdivision
Ankeny Add

Assessments

Tax With Assessments
14157
Assessment Balance
0

Builder Information

Builder Restrictions
Open

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
23
Section#
01
Township#
117

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
LOT 001 BLOCK 001 ANKENY ADDN
Listing City
Wayzata
Map Page
104
Municipality
Wayzata
School District
Wayzata
School District Phone
763-745-5000
Property ID Number
0111723410033
Tax Year
2026
Tax Amount
14157
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Rare building site opportunity 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. No builder restrictions.
Directions
Wayzata Blvd to south on Ferndale Rd S to west on Peavey Ln to property.

Development Status

Finished Lot(s)
Yes

Financing Terms

Cash
Yes

Insurance Fee

Insurance Fee
0

Restriction/Covenants

Easements
Yes

Sellers Terms

Cash
Yes
Conventional
Yes

Topography

Gently Rolling
Yes
Walkout
Yes

Available Utilities

Cable Available
Yes
Electricity Available
Yes
Natural Gas Available
Yes
None Connected
Yes
Phone Available
Yes
Sewer Available
Yes
Water Available
Yes

Improvements

Paved Streets
Yes
Public Road
Yes

Land Inclusions

Easements
Yes
Soil Test Available
Yes
Survey
Yes
Survey Stakes
Yes
Torrens
Yes
IDX
Listing Office: Coldwell Banker Realty
Last Updated: July - 14 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.