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$949,500
- 5 beds
- 3 baths
- 3,778 sqft
168 Peninsula Road, Medicine Lake, MN 55441
For sale Est. —/mo
- House · Single Family
- Built in 1955
- 0.65 acres lot
- $251/sqft
- 2-car garage
Overview
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. OVER $50,000 IN RECENT REPAIRS, MAINTENANCE + IMPROVEMENTS, including a FULL ROOF REPLACEMENT SEPT 2026 + new soffits, fascia & gutters on a portion of the back of the home—SEE SUPPLEMENTS for details. 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.
Facts & features
Interior
- Bedrooms: 5
- Bathrooms: 3 (2 full, 1 three-quarter)
- Finished sqft: 3,778
- Above grade sqft: 3,440
- Below grade sqft: 338
- Basement: Partially Finished
- Heating: Forced Air
- Cooling: Central Air
- Laundry: Main Level
- Fireplaces: 1
Property
- Parking: Attached Garage, Tuckunder Garage
- Garage spaces: 2
- Lot size: 0.65 acres
- Lot dimensions: 84x338x96x305
- Exterior features: Brick Veneer, Cement Board
- Waterfront: Lake Front
- View: Lake
- Other structures: Guest House
Construction
- Home type: House (Single Family)
- Levels: One
- Year built: 1955
- Roof: Age Over 8 Years
Utilities
- Sewer: City Sewer/Connected
- Water: City Water - In Street, Well
Community & HOA
- Subdivision: Medicine Lake Park 1st Div
Taxes & location
- Annual taxes: $15,043 (2026)
- County: Hennepin
- School district: Wayzata
Listing
- Status: For sale
- Listed: Sep 4, 2026
- Days on market: 46
- MLS #: 7106043
Monthly payment
—/mo
An example, not a loan offer. Taxes and HOA dues come from the listing when known; home insurance is a rough estimate. Mortgage insurance is not included. Your rate depends on your lender and credit.
Location
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Request a tour
168 Peninsula Road, Medicine Lake, MN 55441