178 Peninsula Road Medicine Lake, MN 55441 MLS# 7058094 Status: Coming Soon 5 beds | 4 baths | 4001 sqft
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Open House (05/29/2026 - 1:00 pm - 3:00 pm)
Property Description This one is MAGICAL. The kind of opportunity buyers wait decades for. UPDATED + STUNNING w/ 50 ft of lakeshore on sought-after Medicine Lake in top-rated WAYZATA SCHOOLS. Turnkey, move-in ready & meticulously maintained w/ expansive lake views on all 3 levels. Floor-to-ceiling windows span the width of the home, flooding spaces w/ natural light & bringing lake life into nearly every room. Recently updated throughout w/ designer touches & wood flooring on ML. Renovated Gourmet Kitchen w/ quartz counters & backsplash, center island, ceramic sink, SS apps (inc gas cooktop) opens to informal Dining & Living Room w/ dramatic floor-to-ceiling 2-sided stone fireplace & Formal Dining w/ built-ins. Walk out to oversized deck w/ modern cable railing overlooking the lakeâan incredible extension of the living space to relax, entertain & enjoy expansive water views plus the peaceful setting w/ eagles, loons, swans & beautiful lake wildlife often nearby. ML also includes 2 Beds both opening to oversized deck above garage. UL w/ stunning Primary Suite featuring vaulted ceilings, floor-to-ceiling stone fireplace, expansive lake views, walk-in closet w/ organizational system & spa-like renovated Bath w/ stand-alone tub, tiled shower, dual sinks & quartz counters. UL also includes addtâl Bed/Office/Flex Space & tons of hidden storage. Walkout LL w/ floor-to-ceiling windows, Family Room w/ stone fireplace, gaming space & full wet bar w/ soapstone counters, white cabinetry, full range, refrigerator, microwave & sitting area. LL also w/ addtâl Bed, 3/4 Bath & Laundry Room w/ front-load washer/dryer. Walk out to LL deck w/ Jacuzzi hot tub (included), sitting area, expansive yard & stairs leading to the lake. Storage shed + storage box included. NEW ROOF in 2019. **Extensively upgraded since purchase ($450K-$500K invested), please see supplement for full list of improvements.** Enjoy lake life on Medicine Lakeâthe 2nd largest lake in Hennepin Countyâoffering boating, kayaking, paddle boarding, fishing & miles of trails for walking, running & biking. Nestled on a peninsula surrounded by water, this special community feels tucked away & peaceful while still being just minutes from Plymouth, Wayzata, Ridgedale, restaurants, shops & downtown Minneapolis. Surrounded by nature, it feels up north while still enjoying all the conveniences of the city. AN ABSOLUTE GEM!
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Documents
Contract Information
Status: Coming Soon
Contingency: None
Current Price: 1700000
Original List Price: 1700000
ListPrice: 1700000
List Date: 2026-05-08
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: 3
Road Btwn WF & Home?: No
Waterfront Frontage: 50
Waterfront Present: Yes
Year Built: 1978
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bedrooms: 5
Baths Total: 4
Bath Full: 2
Bath Three Quarters: 1
Bath Half: 1
Main Floor Total SqFt: 1420
Above Grd Total SqFt: 4001
Total SqFt: 4001
Total Finished Sqft: 4001.00
FireplaceYN: Yes
Lake/Waterfront Name: Medicine
Style: (SF) Single Family
Foundation Size: 1618
Garage Stalls: 2
Lot Dimensions: 50x244x50x252
Acres: 0.28
Assessment Pending: Unknown
Location Tax and Other Information
House Number: 178
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