Google street view image for 480 Peavey Rd, Wayzata, MN 55391

Off Market Jan 1986 for $310K

$2,300,321

Est. refi paymentEst. refi $2,066/mo

•

3.5 ba

•

3,362

sq ft

480 Peavey Rd, Wayzata, MN 55391

About this home

480 Peavey Rd is a 3,362 square foot house on a 1.48 acre lot with 5 bedrooms and 3.5 bathrooms. - it last sold on January 01, 1986 for $310,000. Based on Redfin's Wayzata data, we estimate the home's value is $2,300,321.

Single-familyProperty Type

1959Year Built

1.48 acresLot Size

$684Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$2,300,321

$2.0M since sold in January 1986$165K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 51.1% higher than the average sale price ($1.52M) of 6 comparable homes.

SOLD JUL 20, 2026
$675,000
A
5 beds4 baths— sq ft
522 Shadyway Rd, Wayzata, MN 55391
SOLD AUG 3, 2026
$1,100,000
B
5 beds4 baths— sq ft
18425 5th Ave N, Plymouth, MN 55447
SOLD AUG 6, 2026
$725,000
C
4 beds4 baths— sq ft
17710 13th Ave N, Plymouth, MN 55447
SOLD AUG 6, 2026
$935,000
D
5 beds4 baths— sq ft
1694 Bollum Cir, Long Lake, MN 55356
SOLD AUG 7, 2026
$2,200,000
E
5 beds4 baths— sq ft
225 Broadway Ave N, Wayzata, MN 55391
SOLD OCT 2, 2025
$3,500,000
F
5 beds4 baths— sq ft
1397 Orono Ln, Wayzata, MN 55391

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Earn from this home

Sell

$2,166,198

Est. take-home

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Est. cash available

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Rent

$4,467/mo

Redfin rental estimate

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Market trends in 55391, MN

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

97.8%

0.1% MoM

Median sale price

$995K

$30K MoM

Avg. days on market

37d

13 days MoM

Recently sold homes

13 MoM

New listings for sale

OPEN SAT, 12PM TO 2PM
$2,995,000
5 beds5 baths5,217 sq ft
355 Margaret Cir, Wayzata, MN 55391
NEW 11 HRS AGO
$1,990,000
5 beds5 baths6,784 sq ft
2935 Minnehaha Curv E, Wayzata, MN 55391
$875,000
3 beds3 baths3,431 sq ft
635 Waycliffe Dr N, Wayzata, MN 55391
FOR SALE BY OWNER
$1,000,000
2 beds4 baths2,408 sq ft
3010 Brooks Ln, Wayzata, MN 55391
NEW 30 HRS AGO
$2,499,000
5 beds4 baths5,257 sq ft
2805 Center Rd, Wayzata, MN 55391
NEW 35 HRS AGO
$675,000
3 beds2 baths1,660 sq ft
3480 Crest Ave, Wayzata, MN 55391
$309,900
2 beds2 baths1,000 sq ft
205 Barry Ave S #306, Wayzata, MN 55391
COMING SOON
$749,000
3 beds3 baths1,891 sq ft
2300 Olive Ave, Wayzata, MN 55391
$999,900
4 beds4 baths2,696 sq ft
18065 Berry Ln, Wayzata, MN 55391
COMING SOON
$5,922,000
5 beds7 baths12,139 sq ft
326 Ferndale Rd W, Wayzata, MN 55391
See all

Provided by Redfin

Sale history for 480 Peavey Rd

Year

Property tax

Land + Additions

Assessment*

2026

$27,603 (+16.3%)

$1,722,600 + $458,300

$2,180,900

2025

$23,728 (+15.5%)

$1,490,500 + $449,700

$1,940,200

2024

$20,550 (+24.7%)

$1,305,700 + $454,100

$1,759,800

2023

$16,480 (−5.3%)

$990,000 + $399,000

$1,389,000

2022

$17,398 (+16.1%)

$972,000 + $332,000

$1,304,000

2021

$14,980 (+0.2%)

$810,000 + $329,000

$1,139,000

2020

$14,944 (+15.2%)

$783,000 + $315,000

$1,098,000

2019

$12,975 (−1.6%)

$653,000 + $308,000

$961,000

2018

$13,189 (+1.4%)

$653,000 + $307,000

$960,000

2017

$13,010 (+2.0%)

$653,000 + $290,000

$943,000

2015

$12,756 (+12.9%)

$605,000 + $271,000

$876,000

2014

$11,302 (−6.3%)

$513,000 + $259,000

$772,000

2013

$12,061 (−17.5%)

$551,000 + $276,000

$827,000

2012

$14,622

$734,000 + $284,000

$1,018,000

Tax history for 480 Peavey Rd

Year

Property tax

Land + Additions

Assessment*

2026

$27,603 (+16.3%)

$1,722,600 + $458,300

$2,180,900

2025

$23,728 (+15.5%)

$1,490,500 + $449,700

$1,940,200

2024

$20,550 (+24.7%)

$1,305,700 + $454,100

$1,759,800

2023

$16,480 (−5.3%)

$990,000 + $399,000

$1,389,000

2022

$17,398 (+16.1%)

$972,000 + $332,000

$1,304,000

2021

$14,980 (+0.2%)

$810,000 + $329,000

$1,139,000

2020

$14,944 (+15.2%)

$783,000 + $315,000

$1,098,000

2019

$12,975 (−1.6%)

$653,000 + $308,000

$961,000

2018

$13,189 (+1.4%)

$653,000 + $307,000

$960,000

2017

$13,010 (+2.0%)

$653,000 + $290,000

$943,000

2015

$12,756 (+12.9%)

$605,000 + $271,000

$876,000

2014

$11,302 (−6.3%)

$513,000 + $259,000

$772,000

2013

$12,061 (−17.5%)

$551,000 + $276,000

$827,000

2012

$14,622

$734,000 + $284,000

$1,018,000

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Property details

Interior

Basement Information
Basement Sq. Ft: 1,377

Bathroom Information
# of Full Baths: 3
# of 1/2 Baths: 1

Heating & Cooling
Heating Type: Forced Air

Fireplace Information
Has Fireplace

Room Information
# of Rooms: 5

Exterior

Exterior Information
Foundation Type: Concrete Block
Exterior Wall: Wood
Roof Covering Type: Asphalt
Roof Framing Type: Wood
Roof Shape Type: Gable

Property Information
Subdivision Name: HIGHCROFT SUB
Living Sq. Ft: 3,362
Gross Sq. Ft: 4,739
Ground Floor Sq. Ft: 1,967
Building Sq. Ft: 4,739
# of Stories: 2
Stories Type: 2
Legal Description: LOT 006 BLOCK 002 HIGHCROFT SUBD

Parking & Garage Information
# of Parking Spaces: 2
Parking Type: Detached Garage
Garage/Parking Sq. Ft: 700
Garage / Carport Type: Detached

Lot Information
# of Buildings: 1
Land Sq. Ft: 64,469
Legal Lot Number: 6
Legal Block Number: 2
Municipality Name: WAYZATA
Acres: 1.48
County Use Description: RESIDENTIAL (NEC)

Location Information
Parcel Location Influence: Lake

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 5
Baths: 3.5
Sq. Ft.: 3,362
Stories: 2.0
Lot Size: 1.48 acres
Style: Single Family Residential
Year Built: 1959
Year Renovated: 1975
County: Hennepin County
APN: 01 117 23 43 0003

Home facts updated by county records on Jul 20, 2026

Around this home

Schools

Gleason Lake Elementary School

Public K-5 • Assigned • 1.9mi

9/10

Wayzata West Middle School

Public 6-8 • Assigned • 0.9mi

9/10

Wayzata High School

Public 9-12 • Assigned • 5.7mi

10/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

2/10 Heat Factor

7 days above 98° expected this year, 14 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Wayzata, MN • 55391

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.5 hours in June and 3.6 hours in December, which is comparable to the U.S. average for solar exposure.

10.5 hrs

3.6 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$2.19M – $2.65M

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Nearby similar homes

$2,999,999

4 beds5 baths4,979 sq ft

222 Central Ave S, Wayzata, MN 55391

$2,795,000

4 beds6 baths5,972 sq ft

235 Hollander Rd, Wayzata, MN 55391

$3,150,000

5 beds6 baths5,098 sq ft

475 Highcroft Rd, Wayzata, MN 55391

3D WALKTHROUGH

$4,500,000

5 beds6 baths7,369 sq ft

2875 Gale Rd, Wayzata, MN 55391

$729,900

3 beds2 baths1,112 sq ft

2830 Center Rd, Wayzata, MN 55391

NEW CONSTRUCTION

$2,495,000

3 beds3 baths3,764 sq ft

270 Wayzata Blvd E, Wayzata, MN 55391

New listings for sale in 55391

OPEN SAT, 12PM TO 2PM

$2,995,000

5 beds5 baths5,217 sq ft

355 Margaret Cir, Wayzata, MN 55391

NEW 11 HRS AGO

$1,990,000

5 beds5 baths6,784 sq ft

2935 Minnehaha Curv E, Wayzata, MN 55391

$875,000

3 beds3 baths3,431 sq ft

635 Waycliffe Dr N, Wayzata, MN 55391

FOR SALE BY OWNER

$1,000,000

2 beds4 baths2,408 sq ft

3010 Brooks Ln, Wayzata, MN 55391

NEW 30 HRS AGO

$2,499,000

5 beds4 baths5,257 sq ft

2805 Center Rd, Wayzata, MN 55391

NEW 35 HRS AGO

$675,000

3 beds2 baths1,660 sq ft

3480 Crest Ave, Wayzata, MN 55391

$309,900

2 beds2 baths1,000 sq ft

205 Barry Ave S #306, Wayzata, MN 55391

COMING SOON

$749,000

3 beds3 baths1,891 sq ft

2300 Olive Ave, Wayzata, MN 55391

$999,900

4 beds4 baths2,696 sq ft

18065 Berry Ln, Wayzata, MN 55391

Home values near 480 Peavey Rd

Data from public records.

Address	Redfin Estimate
442 Peavey Rd, Wayzata, MN 6 Beds \| 3.5 Baths \| 8773 Sq. Ft.	$5,156,057
460 Peavey Rd, Wayzata, MN 5 Beds \| 4 Baths \| - Sq. Ft.	$5,338,298

Address	Redfin Estimate
465 Peavey Rd, Wayzata, MN 4 Beds \| 4.5 Baths \| 7182 Sq. Ft.	—
470 Peavey Rd, Wayzata, MN 5 Beds \| 5.5 Baths \| 8250 Sq. Ft.	$4,007,621

Address	Redfin Estimate
447 Peavey Rd, Wayzata, MN 4 Beds \| 4 Baths \| 5655 Sq. Ft.	$3,672,509
483 Highcroft Rd, Wayzata, MN 5 Beds \| 5 Baths \| - Sq. Ft.	$3,644,116

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GreatSchools Ratings provided by GreatSchools.org.

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