178 Peninsula Road, Medicine Lake, MN 55441 (MLS# 7058094)


$1,700,000
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 lake—an 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 addt’l 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/ addt’l 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 Lake—the 2nd largest lake in Hennepin County—offering 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!

Details
Maps
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
Assessments
Tax With Assessments: 18640
Building Information
Finished SqFt Above Ground: 4001
Elevation Highpoint to Waterfront Feet
Elevation Highpoint Waterfront Feet: 0-4
Lake Details
Lake Acres: 924
Lake Depth: 49
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: Yes
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 535
Public Survey Info
Range#: 22
Section#: 25
Township#: 118
Property Features
Accessible: None
Air Conditioning: Central Air
Amenities Unit: Balcony; Deck; Hardwood Floors; In-Ground Sprinkler; Kitchen Center Island; Kitchen Window; Patio; Vaulted Ceiling(s)
Basement: Full
Bath Description: Main Floor 1/2 Bath; Main Floor Full Bath; Full Primary; 3/4 Basement
Construction Status: Previously Owned
Dining Room Description: Eat In Kitchen; Separate/Formal Dining Room
Exterior: Brick/Stone; Cement Board
Family Room Characteristics: Family Room; Great Room
Fireplace Characteristics: Family Room; Living Room; Primary Bedroom; Wood Burning
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Forced Air
Lake Details: Sand
Lock Box Type: Combo
Lot Description: Island/Peninsula
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Age 8 Years or Less
Sellers Terms: Cash; Conventional; FHA; VA
Sewer: City Sewer/Connected
Special Search: Main Floor Bedroom
Stories: Two
Water: Well
Waterfront View: Lake
Room Information
Room Name Dimensions Level
Dining Room16x8Main
Family Room15.4x14Lower
Fifth (5th) Bedroom14x12.5Lower
First (1st) Bedroom13.5x11.5Main
Fourth (4th) Bedroom15x14Upper
Informal Dining Room10.5x9Main
Kitchen15x9Main
Second Kitchen13.5x12Lower
Laundry9x9Lower
Living Room20x13Main
Primary Bath11x10Upper
Mud Room13x9Lower
Office10.5x8Lower
Recreation Room17.5x12.5Lower
Second (2nd) Bedroom14 x 9.5Main
Third (3rd) Bedroom17.5x13.5Upper

Listing Office: eXp Realty

Last Updated: May - 18 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Monday 18th of May 2026 03:37 PM

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