162 Peninsula Road, Medicine Lake, MN 55441 (MLS# 7114365)
$1,600,000
Medicine Lake, MN 55441
MLS# 7114365
Status: Closed
4 beds | 5 baths | 3719 sqft
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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 â 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 canopyâ 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
Maps
Documents
Contract Information
Exclusions: Tesla charging station
Status: Closed
Off Market Date: 2026-09-16
Contingency: None
Current Price: 1550000
Closed Date: 2026-10-15
Original List Price: 1695000
Sales Close Price: 1550000
ListPrice: 1600000
List Date: 2026-08-13
Owner is an Agent?: No
Auction?: No
General Property Information
Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 2
Road Btwn WF & Home?: No
Waterfront Frontage: 75
Waterfront YN: Yes
Year Built: 1982
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bedrooms: 4
Baths Total: 5
Bath Full: 2
Bath Three Quarters: 1
Bath Half: 2
Main Floor Total SqFt: 1900
Above Grd Total SqFt: 1900
Below Grd Total SqFt: 1819
Total SqFt: 3719
Total Finished Sqft: 3043.00
FireplaceYN: Yes
Lake/Waterfront Name: Medicine
Style: (SF) Single Family
Foundation Size: 1900
Power Company: Xcel Energy
Garage Stalls: 5
Lot Dimensions: 75 x 335
Acres: 0.52
Assessment Pending: No
Location Tax and Other Information
House Number: 162
Street Name: Peninsula
Street Suffix: Road
Postal City: Medicine Lake
County: Hennepin
State: MN
Zip Code: 55441
Complex/Dev/Subdivision: Medicine Lake Park 1st Div
Assessments
Tax With Assessments: 20582
Building Information
Finished SqFt Above Ground: 1900
Finished SqFt Below Ground: 1143
Lake Details
Lake Acres: 924
Lake Depth: 49
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: SPAAR
Miscellaneous Information
Homestead: Yes
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 1117
Public Survey Info
Range#: 22
Section#: 25
Township#: 118
Property Features
Accessible: None
Air Conditioning: Central Air
Amenities Unit: Ceiling Fan(s); Deck; Dock; Ethernet Wired; In-Ground Sprinkler; Kitchen Center Island; Kitchen Window; Natural Woodwork; Paneled Doors; Panoramic View; Patio; Primary Bedroom Walk-In Closet; Skylight; Vaulted Ceiling(s); Walk-In Closet
Appliances: Central Vacuum; Chandelier; Dishwasher; Dryer; Microwave; Range; Refrigerator; Trash Compactor; Washer; Water Filtration System
Basement: Concrete Block; Full; Storage Space; Tile Shower
Bath Description: Double Sink; Steam Shower; Main Floor 1/2 Bath; Main Floor 3/4 Bath; Main Floor Full Bath; Full Primary; Private Primary; 1/2 Basement; Two Basement Baths; Bathroom Ensuite; Jetted Tub; Separate Tub & Shower
Construction Status: Previously Owned
Dining Room Description: Informal Dining Room; Kitchen/Dining Room
Electric: Circuit Breakers
Elevation Highpoint to Waterfront Slope: Gradual
Exterior: Brick/Stone; Cedar; Vinyl
Family Room Characteristics: 2 or More; Entertainment/Media Center; Great Room; Lower Level; Main Level
Fencing: Invisible
Financing Terms: Conventional
Fireplace Characteristics: Insert; Amusement Room; Family Room; Free Standing; Gas Burning
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Forced Air
Internet Options: Fiber Optic
Laundry: Laundry Room; Lower Level; Sink
Lock Box Type: Supra
Lot Description: Accessible Shoreline; Island/Peninsula; Tree Coverage - Medium
Parking Characteristics: Multiple Garages; Garage Door Opener
Pool Description: Below Ground; Heated; Indoor
Road Frontage: City Street; Paved Streets
Road Responsibility: Public Maintained Road
Roof: Age 8 Years or Less; Architectural Shingle
Sellers Terms: Cash; Conventional; VA
Sewer: City Sewer/Connected
Special Search: 3 BR on One Level; Primary Bdr Suite
Stories: Four or More Level Split
Water: City Water/Connected; Well
Waterfront Type: Lake Front
Waterfront View: Panoramic
Room Information
| Room Name | Dimensions | Level |
| Deck | 38 x 13 | Main |
| Dining Room | 13 x 14 | Main |
| First (1st) Bedroom | 19 x 13 | Lower |
| Fourth (4th) Bedroom | 12 x 10 | Upper |
| Great Room | 22 x 15 | Main |
| Kitchen | 14 x 14 | Main |
| Laundry | 14 x 13 | Lower |
| Living Room | 14 x 13 | Main |
| Recreation Room | 23 x 14 | Lower |
| Second (2nd) Bedroom | 12 x 15 | Upper |
| Storage Room | 9 x 9 | Lower |
| Third (3rd) Bedroom | 12 x 13 | Upper |
FINAL NO TMs 162 Peninsula selling featu Listing Office: RE/MAX Results
Last Updated: October - 16 - 2026
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