$ 999,900
-
$999,900
Price -
5
Bed -
3
Bath -
3,778
SqFt -
0.65
Acre
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Open House Times
- Sat. Sep. 26 at 11:00am to 1:00pm
About the Listing 26146 - 502043623
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.
Listing Highlights
Interior Details
- Bedrooms: 5
- Bathrooms: 2 Full / 1 Three-Quarter
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air,Natural Gas
- Fireplaces: 1
- Floor:
- Above Ground Sq Ft: 3440
- Below Ground Sq Ft: 338
- Basement: Partially Finished
- Other: Main Floor Primary Bedroom,Main Floor 1/2 Bath,Main Floor 3/4 Bath,Main Floor Full Bath,Eat In Kitchen,Informal Dining Room,3 BR on One Level,4 BR on One Level,All Living Facilities on One Level,Main Floor Primary,Main Floor Laundry
- Water: City Water - In Street,Well
Exterior Details
- Lot Description: Lake Front,Waterfront
- Garage Capacity: 2 car
- Lot Dimensions: 84x338x96x305
- Zoning: Residential-Single Family
- Roof: Age Over 8 Years
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Attached Garage,Tuckunder Garage
Financial Details
- Tax Amount: $15,043
- Taxes w/Assessments: N/A
- Tax/Property ID: 2511822320047
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
168 Peninsula Rd Medicine Lake, MN 55441
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