162 Peninsula Road, Medicine Lake, MN 55441 (MLS# 7114365)

162 Peninsula Road, Medicine Lake, MN 55441

New Listing
$1,695,000
Property Type: Residential Bedrooms: 4 Baths: 5 Square Footage: 3,719 Lot Size (sq. ft.): 22,651 Status: Active
Current Price: $1,695,000 List Date: 8/20/2026 Last Modified: 8/20/2026

Overview

Description

Private oasis on Medicine Lake, 10 Minutes from Downtown Minneapolis. Taken down to the studs after its 2004 purchase, this home sits back from the road behind mature gardens and a curving driveway — private, quiet, and in the top-rated Wayzata School District. A heated saltwater pool (rebuilt 2016) anchors the outdoor living, with multiple patios and decks, including dining deck under a fairy-lit mature vine canopy— all with panoramic views of the lake. A graded path leads down to the lake and dock. Inside, an open kitchen and great room center on an oversized slider framing the water, warmed by a slate-faced fireplace. Three upper bedrooms with three baths, and a lower-level primary suite with lake views, jetted tub, and steam shower. Attached garage with utility room, plus a detached 3-car garage with boat storage. City sewer updated and water installed in 2025. No HOA.

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Listing Details MLS# 7114365

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
2
Road Btwn WF & Home?
No
Waterfront Frontage
75
Waterfront YN
Yes
Year Built
1982
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
2
Bath Three Quarters
Yes
Bath Half
2
Main Floor Total SqFt
1900
Above Grd Total SqFt
1900
Below Grd Total SqFt
1819
Total SqFt
3719
Total Finished Sqft
3043.00
FireplaceYN
Yes
Lake/Waterfront Name
Medicine
Style
(SF) Single Family
Foundation Size
1900
Power Company
Xcel Energy
Garage Stalls
5
Lot Dimensions
75 x 335
Acres
0.52
Assessment Pending
No
Bath Quarter
0
Association Fee
0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Ceiling Fan(s); Deck; Dock; Ethernet Wired; In-Ground Sprinkler; Kitchen Center Island; Kitchen Window; Natural Woodwork; Paneled Doors; Panoramic View; Patio; Primary Bedroom Walk-In Closet; Skylight; Vaulted Ceiling(s); Walk-In Closet Appliances: Central Vacuum; Chandelier; Dishwasher; Dryer; Microwave; Range; Refrigerator; Trash Compactor; Washer; Water Filtration System Basement: Concrete Block; Full; Storage Space; Tile Shower Bath Description: Double Sink; Steam Shower; Main Floor 1/2 Bath; Main Floor 3/4 Bath; Main Floor Full Bath; Full Primary; Private Primary; 1/2 Basement; Two Basement Baths; Bathroom Ensuite; Jetted Tub; Separate Tub & Shower Construction Status: Previously Owned Dining Room Description: Informal Dining Room; Kitchen/Dining Room Electric: Circuit Breakers Elevation Highpoint to Waterfront Slope: Gradual Exterior: Brick/Stone; Cedar; Vinyl Family Room Characteristics: 2 or More; Entertainment/Media Center; Great Room; Lower Level; Main Level Fencing: Invisible Fireplace Characteristics: Insert; Amusement Room; Family Room; Free Standing; Gas Burning Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Internet Options: Fiber Optic Laundry: Laundry Room; Lower Level; Sink Lock Box Type: Supra Lot Description: Accessible Shoreline; Island/Peninsula; Tree Coverage - Medium Parking Characteristics: Multiple Garages; Garage Door Opener Pool Description: Below Ground; Heated; Indoor Road Frontage: City Street; Paved Streets Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Architectural Shingle Sellers Terms: Cash; Conventional; VA Sewer: City Sewer/Connected Special Search: 3 BR on One Level; Primary Bdr Suite Stories: Four or More Level Split Water: City Water/Connected; Well Waterfront Type: Lake Front Waterfront View: Panoramic

Contract Information

Exclusions
Tesla charging station
Contingency
None
Original List Price
1695000
ListPrice
1695000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
162
Street Name
Peninsula
Street Suffix
Road
Postal City
Medicine Lake
County
Hennepin
State
MN
Zip Code
55441
Complex/Dev/Subdivision
Medicine Lake Park 1st Div

Assessments

Tax With Assessments
20582
Assessment Balance
0

Building Information

Finished SqFt Above Ground
1900
Finished SqFt Below Ground
1143

More Information

Lake Details

Lake Acres
924
Lake Depth
49

Lease Details

Land Leased
Not Applicable

Lock Box Type

Lock Box Source
SPAAR
Supra
Yes

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
1117
Multiple Garages
Yes
Garage Door Opener
Yes

Public Survey Info

Range#
22
Section#
25
Township#
118

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
BLOCK 005 MEDICINE LAKE PARK 1ST DIV LOT 9 AND THAT PART OF SELY 1/2 OF LOT 10 LYING SELY OF NWLY 10 FT THOF
Listing City
Medicine Lake
Map Page
105
Municipality
Medicine Lake
School District
Wayzata
School District Phone
763-745-5000
DNR Lake ID#
27010400
DNR Lake Classification
General Development
Zip Plus 4
4178
Property ID Number
2511822320048
Tax Year
2026
Tax Amount
20582
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Private oasis on Medicine Lake, 10 Minutes from Downtown Minneapolis. Taken down to the studs after its 2004 purchase, this home sits back from the road behind mature gardens and a curving driveway — private, quiet, and in the top-rated Wayzata School District. A heated saltwater pool (rebuilt 2016) anchors the outdoor living, with multiple patios and decks, including dining deck under a fairy-lit mature vine canopy— all with panoramic views of the lake. A graded path leads down to the lake and dock. Inside, an open kitchen and great room center on an oversized slider framing the water, warmed by a slate-faced fireplace. Three upper bedrooms with three baths, and a lower-level primary suite with lake views, jetted tub, and steam shower. Attached garage with utility room, plus a detached 3-car garage with boat storage. City sewer updated and water installed in 2025. No HOA.
Directions
Hwy 55 to South Shore Drive, West to Peninsula Road

Accessible

None
Yes

Air Conditioning

Central Air
Yes

Amenities Unit

Ceiling Fan(s)
Yes
Deck
Yes
Dock
Yes
Ethernet Wired
Yes
In-Ground Sprinkler
Yes
Kitchen Center Island
Yes
Kitchen Window
Yes
Natural Woodwork
Yes
Paneled Doors
Yes
Panoramic View
Yes
Patio
Yes
Primary Bedroom Walk-In Closet
Yes
Skylight
Yes
Vaulted Ceiling(s)
Yes
Walk-In Closet
Yes

Appliances

Central Vacuum
Yes
Chandelier
Yes
Dishwasher
Yes
Dryer
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes
Trash Compactor
Yes
Washer
Yes
Water Filtration System
Yes

Basement

Concrete Block
Yes
Full
Yes
Storage Space
Yes
Tile Shower
Yes

Bath Description

Double Sink
Yes
Steam Shower
Yes
Main Floor 1/2 Bath
Yes
Main Floor 3/4 Bath
Yes
Main Floor Full Bath
Yes
Full Primary
Yes
Private Primary
Yes
1/2 Basement
Yes
Two Basement Baths
Yes
Bathroom Ensuite
Yes
Jetted Tub
Yes
Separate Tub & Shower
Yes

Construction Status

Previously Owned
Yes

Dining Room Description

Informal Dining Room
Yes
Kitchen/Dining Room
Yes

Electric

Circuit Breakers
Yes

Elevation Highpoint to Waterfront Slope

Gradual
Yes

Exterior

Brick/Stone
Yes
Cedar
Yes
Vinyl
Yes

Family Room Characteristics

2 or More
Yes
Entertainment/Media Center
Yes
Great Room
Yes
Lower Level
Yes
Main Level
Yes

Fencing

Invisible
Yes

Fireplace Characteristics

Insert
Yes
Amusement Room
Yes
Family Room
Yes
Free Standing
Yes
Gas Burning
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Insurance Fee

Insurance Fee
0

Internet Options

Fiber Optic
Yes

Laundry

Laundry Room
Yes
Lower Level
Yes
Sink
Yes

Lot Description

Accessible Shoreline
Yes
Island/Peninsula
Yes
Tree Coverage - Medium
Yes

Patio, Porch and Deck Features

Composite Decking
Yes
Covered
Yes
Deck
Yes
Patio
Yes

Pool Description

Below Ground
Yes
Heated
Yes
Indoor
Yes

Road Frontage

City Street
Yes
Paved Streets
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age 8 Years or Less
Yes
Architectural Shingle
Yes

Sellers Terms

Cash
Yes
Conventional
Yes
VA
Yes

Sewer

City Sewer/Connected
Yes

Special Search

3 BR on One Level
Yes
Primary Bdr Suite
Yes

Stories

Four or More Level Split
Yes

Water

City Water/Connected
Yes
Well
Yes

Waterfront Type

Lake Front
Yes

Waterfront View

Panoramic
Yes

Room Information

Room Name Dimensions Level
Deck 38 x 13 Main
Dining Room 13 x 14 Main
First (1st) Bedroom 19 x 13 Lower
Fourth (4th) Bedroom 12 x 10 Upper
Great Room 22 x 15 Main
Kitchen 14 x 14 Main
Laundry 14 x 13 Lower
Living Room 14 x 13 Main
Recreation Room 23 x 14 Lower
Second (2nd) Bedroom 12 x 15 Upper
Storage Room 9 x 9 Lower
Third (3rd) Bedroom 12 x 13 Upper

Documents

IDX
Listing Office: RE/MAX Results
Last Updated: August - 20 - 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. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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