Open House LogoIn-Person: 08/22 10:00 AM - 12:00 PM
$1,695,000
 $9,099 est/mo Sourced by Back At You

162 Peninsula Road,Medicine Lake, MN 55441

Medicine Lake, MN 55441

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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.

Details

MLS #7114365
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1982
Days On Site8
Listing Provided ByRE/MAX Results | Marta Jackson

Features

Bed(s)4
Bath(s) 5 Total
SQ Feet3,043
Garage5
BasementY
PoolYes
ZoningResidential-Single Family
Acreage0.52
Water FrontYes
Property ViewPanoramic

Interior

CoolingCentral Air
HeatingForced Air
AppliancesCentral 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

Exterior

RoofAge 8 Years or Less, Architectural Shingle
Lot FeaturesAccessible Shoreline, Island/Peninsula, Tree Coverage - Medium

Parking

Parking FeaturesAttached Garage, Asphalt, Electric, Garage Door Opener, Multiple Garages

Taxes

Property20582

Area Information

StateMN
CountyHennepin
CityMedicine Lake
Zip Code55441
Community NameMedicine Lake Park 1st Div
School District284
High SchoolWayzata
Listing VS Median (in Medicine Lake Park 1st Div)
Price:
$1,695,000
low | high
Med:
$1,400,000
67.40412979351% of Average
sqft:
3,043
low | high
Med:
4,105
15.100230036149% of Average
$ / sqft:
$557
low | high
Med:
$341
88.772415825007% of Average
On site:
8
low | high
Med:
122
6.55737704918% of Average
Sourced by Back At You

Market Activity 55441

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 Listings courtesy of Northstar MLS as distributed by MLS GRID. 

Based on information submitted to the MLS GRID as of August 21, 2026 at 11:48:31 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

Open House
In-Person
08/22 10:00 AM - 12:00 PM
StateMN
CountyHennepin
CityMedicine Lake
Zip Code55441
Community NameMedicine Lake Park 1st Div
School District284
High SchoolWayzata
Listing VS Median (in Medicine Lake Park 1st Div)
Price:
$1,695,000
low | high
Med:
$1,400,000
67.40412979351% of Average
sqft:
3,043
low | high
Med:
4,105
15.100230036149% of Average
$ / sqft:
$557
low | high
Med:
$341
88.772415825007% of Average
On site:
8
low | high
Med:
122
6.55737704918% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.271M - $2.118M
sqft: 2,000 - 3,500
Nearby Listings Property ImageNearby Listings Details
225 Peninsula Road Property Photo 1
$850,000
225 Peninsula Road
Medicine Lake, MN 55441
Listing Updated: August 21, 2026 at 12:14:11 AM PDT