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162 Peninsula Road

Medicine Lake, MN 55441
  • $1,600,000
  • STATUS: Active
  • ON SITE: 22 Days
  • ID#: 7114365
Price Reduced
UPDATED: 37 min ago
$1,600,000
  • 4
    BEDS
  • 0.52
    ACRES
  • 3
    BATHS
  • 2
    1/2 BATHS
  • 3,043
    SQFT
  • $526
    $/SQFT
Type:
Single-Family Home
Built:
1982
County:

School Ratings & Info

School District:
NorthstarMLS] logo Listing courtesy of RE/MAX Results.

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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IDX data © 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Smith Team - Keller Williams Premier Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Smith Team - Keller Williams Premier Realty is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Smith Team - Keller Williams Premier Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2026-09-05T12:21:53.723.

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162 Peninsula Road Medicine Lake, MN 55441

  • Price: $1,600,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 37 min ago
  • ID#: 7114365
4
Beds
3
Baths
2
½ Baths
0.52
Acres
3,043
SQFT
$526
$/SQFT
1982
Built
Neighborhood:
Medicine Lake Park 1st Div
County:
Hennepin
School District:
284 - Wayzata
Property 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.
Exterior Features

Fencing Invisible Foundation Area 1900 Garage Square Feet 1117 Levels Four or More Level Split Lot Features Accessible ShorelineIsland/PeninsulaTree Coverage - Medium Lot Size Dimensions 75 x 335 Other Structures Storage Shed Parking Features Attached GarageAsphaltElectricGarage Door OpenerMultiple Garages Road Frontage Type City StreetPaved Streets Roof Age 8 Years or LessArchitectural Shingle View Panoramic Waterfront Features Lake Front Waterfront Feet 75 Waterfront YN Yes

Interior Features

Above Grade Finished Area 1900 Amenities Unit Ceiling Fan(s)DeckDockEthernet WiredKitchen Center IslandKitchen WindowPrimary Bedroom Walk-In ClosetNatural WoodworkPatioPaneled DoorsPanoramic ViewSkylightIn-Ground SprinklerVaulted Ceiling(s)Walk-In Closet Appliances Central VacuumChandelierDishwasherDryerExhaust FanHumidifierGas Water HeaterWater Filtration SystemMicrowaveRangeRefrigeratorStainless Steel AppliancesTrash CompactorWasherWater Softener Owned Basement BlockDaylight/Lookout WindowsFinishedFullStorage SpaceTile ShowerWalkout Bath Desc 1/2 BasementTwo Basement BathsDouble SinkBathroom EnsuiteFull PrimaryPrivate PrimaryMain Floor 1/2 BathMain Floor 3/4 BathMain Floor Full BathSeparate Tub & ShowerSteam ShowerJetted Tub Bathrooms One Quarter 0 Below Grade Finished Area 1143 Cooling Central Air Dining Room Description Informal Dining RoomKitchen/Dining Room Fireplace Features Amusement RoomFamily RoomFree StandingFull MasonryGasInsert Fireplace YN Yes Fireplaces Total 2 Heating Forced Air Rooms Deck (Main Level 38 x 13) Dining Room (Main Level 13 x 14) Bedroom (Lower Level 19 x 13) Bedroom 4 (Upper Level 12 x 10) Great Room (Main Level 22 x 15) Kitchen (Main Level 14 x 14) Laundry (Lower Level 14 x 13) Living Room (Main Level 14 x 13) Recreation Room (Lower Level 23 x 14) Bedroom 2 (Upper Level 12 x 15) Storage (Lower Level 9 x 9) Bedroom 3 (Upper Level 12 x 13) Special Search 3 BR on One LevelPrimary Bdr Suite

Property Features

Accessibility Features None Additional Parcels YN No Assessment Pending No Association Fee 0 Association YN No Contingency None Electric Circuit Breakers Foreclosure Status No Fractional Ownership YN No Fuel Natural Gas Land Lease YN No Lender Owned No Manufactured Home N New Construction YN No Pool Features Below GroundHeatedIndoor Postal City Medicine Lake Potential Short Sale No Power Company Name Xcel Energy Present Use Yearly Property Attached YN No Property Sub Type Single Family Road Between Waterfront And Home YN No Road Responsibility Public Maintained Road Sewer City Sewer/Connected Tax Annual Amount 20582 Tax With Assessments 20582 Tax Year 2026 Water Source City Water/ConnectedWell Zoning Description Residential-Single Family

NorthstarMLS] logo © 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of RE/MAX Results: . This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.


IDX data © 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Smith Team - Keller Williams Premier Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Smith Team - Keller Williams Premier Realty is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Smith Team - Keller Williams Premier Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2026-09-05T12:21:53.723.

Click here for Digital Millennium Copyright Act
 
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The Smith Team - Keller Williams Premier Realty
3555 Willow Lake Blvd #100
Vadnais Heights MN, 55110
NorthstarMLS] logo Listing courtesy of RE/MAX Results.