For Sale House MLS# 7114365

162 Peninsula Road

Medicine Lake, MN 55441

$1,600,000

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Take the tour

About 162 Peninsula Road

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.

Property details

Property

Type
Single Family
MLS type
Single Family Home
Status
Active
Year built
1982
Stories
Four or More Level Split
Living area
3,043 sqft
Price / sqft
$526
Lot
0.52
Full baths
2
Half baths
2
Original price
$1,695,000
MLS #
7114365

Interior

Features
Central Air, 0, Forced Air, Lower Level, Laundry Room, Sink, Block, Daylight/Lookout Windows, Finished, Full, Storage Space, Tile Shower, Walkout, Amusement Room, Family Room, Free Standing, Full Masonry, Gas, Insert, Fireplace, Fireplaces: 2, Central Vacuum, Chandelier, Dishwasher, Dryer, Exhaust Fan, Humidifier, Gas Water Heater, Water Filtration System, Microwave, Range, Refrigerator, Stainless Steel Appliances, Trash Compactor, Washer, Water Softener Owned
Appliances
Central Vacuum, Chandelier, Dishwasher, Dryer, Exhaust Fan, Humidifier, Gas Water Heater, Water Filtration System, Microwave, Range, Refrigerator, Stainless Steel Appliances, Trash Compactor, Washer, Water Softener Owned
Heating
Forced Air
Cooling
Central Air
Fireplaces
2
Laundry
Lower Level, Laundry Room, Sink

Exterior & lot

Features
Below Ground, Heated, Indoor, Stone, Cedar, Vinyl, Storage Shed, Attached Garage, Asphalt, Electric, Garage Door Opener, Multiple Garages
Construction
Four or More Level Split, Block, Age 8 Years or Less, Architectural Shingle
Roof
Age 8 Years or Less, Architectural Shingle
Foundation
Block
Lot
Panoramic, 2511822320048, Invisible, 75
Fence
Invisible
View
Panoramic
Pool
Below Ground, Heated, Indoor
Waterfront
Lake Front
Parking
Attached Garage, Asphalt, Electric, Garage Door Opener, Multiple Garages
Garage spaces
5

Schools

District
Wayzata Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected, Well, Circuit Breakers
Water
City Water/Connected, Well
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$20,582
Tax year
2026
Parcel
2511822320048

Location

Subdivision
Medicine Lake Park 1st Div
County
Hennepin
Community
Hennepin, City Street, Paved Streets, 0.0, northstar, Wayzata
Directions
Hwy 55 to South Shore Drive, West to Peninsula Road

Location

Neighborhood
Medicine Lake Park 1st Div
School district
Wayzata Public School District

Ask about this property

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Listed by Marta Jackson, RE/MAX Results

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.