For Sale House MLS# 7106043

168 Peninsula Road

Medicine Lake, MN 55441

$999,900

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About 168 Peninsula Road

RARE MEDICINE LAKE OPPORTUNITY offering 96 FEET OF LAKESHORE + TWO SEPARATE RESIDENCES—166 + 168 Peninsula—BEING SOLD TOGETHER in a sought-after peninsula setting, all in WAYZATA SCHOOLS. Located in the City of Medicine Lake—a hidden gem w/ a small-town lake community feel tucked into the heart of the West Metro. MAIN HOME | 168 PENINSULA: Filled w/ natural light + lake views featuring real hardwood floors & oversized Family Room w/ floor-to-ceiling stone fireplace. Double doors open to the Sun Room w/ vaulted ceiling, walls of windows, front walkout + access to the oversized back deck overlooking the property + lake. Kitchen features granite counters, SS apps (inc gas range) & abundant cabinetry. ML offers 4 BRs + Office/Flex Space & 2 BAs. Two BRs feature vaulted ceilings + share an updated 3/4 Bath. Primary Bedroom features built-ins + private walkout to the deck overlooking the lake. LL includes Laundry Room, tuck-under garage + HUGE Storage Room w/ crawl space. NEW ROOF SEPT 2026. Incredible lakeshore lot w/ mature trees + privacy. Expansive back deck + lake access area are ready for the next owner’s vision, w/ existing stairs to the lake needing to be rebuilt/reworked. Addt’l front patio surrounded by mature landscaping. GUEST HOUSE | 166 PENINSULA: Separate residence w/ its own driveway + mailbox. Full Kitchen w/ oven opens to Informal Dining + Family Room w/ fireplace & walkout to backyard. ML also features 1 BR + Flex Room, Full Bath & washer/dryer. Addt’l shed for storage. Guest House was recently tenant occupied + has previously been used as a rental; future rental use would require buyer to apply for a new rental license + complete required City inspection/approval. Enjoy lake life on Medicine Lake—the 2nd largest lake in Hennepin County—offering boating, kayaking, paddle boarding, fishing + miles of trails for walking, running & biking. Walk to the newly renovated park at the end of the peninsula w/ pavilion, pickleball, tennis + basketball courts & new playground. Nestled on a peninsula surrounded by water, this special community feels tucked away while still just minutes from Plymouth, Wayzata, Ridgedale, restaurants, shopping + downtown Minneapolis. A unique opportunity to own 96 feet of Medicine Lake shoreline + two separate residences and bring your ideas + vision to reimagine this property and make it your own.

Property details

Property

Type
Single Family
MLS type
Single Family Home
Status
Active
Year built
1955
Stories
One
Living area
3,778 sqft
Price / sqft
$265
Lot
0.65
Full baths
2
Original price
$999,900
MLS #
7106043

Interior

Features
Central Air, 0, Forced Air, Main Level, Partially Finished, Fireplace, Fireplaces: 1
Heating
Forced Air
Cooling
Central Air
Fireplaces
1
Laundry
Main Level

Exterior & lot

Features
Brick Veneer, Cement Board, Guest House, Attached Garage, Tuckunder Garage
Construction
One, Block, Age Over 8 Years
Roof
Age Over 8 Years
Foundation
Block
Lot
Lake, 2511822320047, 96
View
Lake
Waterfront
Lake Front
Parking
Attached Garage, Tuckunder Garage
Garage spaces
2

Schools

District
Wayzata Public School District

Utilities

Utilities
City Sewer/Connected, City Water - In Street, Well
Water
City Water - In Street, Well
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$15,043
Tax year
2026
Parcel
2511822320047

Location

Subdivision
Medicine Lake Park 1st Div
County
Hennepin
Community
Hennepin, City Street, 0.0, northstar, Wayzata
Directions
HWY 55 to 169 North to 13th Ave N exit. At bottom of exit, take left on 13th Ave N. Stay on 13th Ave N and do NOT turn on Nathan Ln N. Continue to S Shore Dr, go west to Peninsula Rd and follow the lake. Home will be on the right.

Location

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

Ask about this property

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Listed by BROWN & Co Residential, eXp Realty

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.