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.