264 Peninsula Road, Medicine Lake, MN 55441 (MLS# 6443397)
$1,995,000
Medicine Lake, MN 55441
MLS# 6443397
Status: Closed
4 beds | 4 baths | 4990 sqft
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Property Description
Welcome to 264 Peninsula Road, situated on one of the most desirable lots on the fully recreational Medicine Lake (less than 15 minutes from downtown). Renovated in 1998 to enjoy lake life to its fullest, the home is an entertainer's dream with just under 5000 finished sqft. This 4 bedroom, 4 bath open floor plan has a modern flair with multiple entertaining spaces. 3 decks are strategically placed on the property to enjoy the lake activity and sunsets. The home was designed with lake views in mind offering unobstructed views from front to back. A very private lake side includes a four-season porch, 2 decks on the lake side that lead down a large patio with outdoor bar, screened area surrounding a 25x15' heated salt plunge pool and hot tub. The home has 123 ft of sandy shoreline and the like-new aluminum 80ft dock and platform come with the home. With new interior and exterior paint, this home is move-in ready.
Details
Maps
Contract Information
Status: Closed
Off Market Date: 2023-10-23
Contingency: None
Current Price: 1785000
Closed Date: 2023-10-27
Original List Price: 1995000
Sales Close Price: 1785000
ListPrice: 1995000
List Date: 2023-10-05
Owner is an Agent?: No
Auction?: No
General Property Information
# Carport Spaces: -47
Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 4
Road Btwn WF & Home?: No
Waterfront Frontage: 123
Waterfront YN: Yes
Year Built: 1961
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bedrooms: 4
Baths Total: 4
Bath Full: 1
Bath Three Quarters: 2
Bath Half: 1
Main Floor Total SqFt: 2438
Above Grd Total SqFt: 4090
Below Grd Total SqFt: 900
Total SqFt: 4990
Total Finished Sqft: 4990.00
FireplaceYN: Yes
Lake/Waterfront Name: Medicine
Style: (SF) Single Family
Foundation Size: 1200
Power Company: Xcel Energy
Garage Stalls: 3
Lot Dimensions: irregular
Acres: 0.41
Location Tax and Other Information
House Number: 264
Street Name: Peninsula
Street Suffix: Road
Postal City: Medicine Lake
County: Hennepin
State: MN
Zip Code: 55441
Complex/Dev/Subdivision: Replat Medicine Lake Park 1st Div-Blk 8
Assessments
Tax With Assessments: 20572
Building Information
Finished SqFt Above Ground: 4090
Finished SqFt Below Ground: 900
Elevation Highpoint to Waterfront Feet
Elevation Highpoint Waterfront Feet: 15-26
Lake Details
Lake Acres: 924
Lake Depth: 49
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: MAAR
Miscellaneous Information
Homestead: Yes
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 26x26
Garage Door Height: 7
Garage Door Width: 18
Garage Square Feet: 676
Public Survey Info
Range#: 22
Section#: 26
Township#: 118
Property Features
Accessible: None
Air Conditioning: Central Air
Amenities Unit: Balcony; Cable; Ceiling Fan(s); Deck; Dock; Ethernet Wired; Hardwood Floors; Hot Tub; In-Ground Sprinkler; Kitchen Window; Paneled Doors; Patio; Porch; Primary Bedroom Walk-In Closet; Skylight; Tile Floors; Washer/Dryer Hookup
Appliances: Central Vacuum; Cooktop; Dishwasher; Disposal; Double Oven; Dryer; Iron Filter; Microwave; Refrigerator
Assumable Loan: Not Assumable
Basement: Concrete Block
Bath Description: Main Floor 1/2 Bath; Upper Level Full Bath; Private Primary; 3/4 Basement
Construction Materials: Block; Frame
Construction Status: Previously Owned
Dining Room Description: Separate/Formal Dining Room
Electric: Circuit Breakers
Elevation Highpoint to Waterfront Slope: Gradual
Existing Financing: Conventional
Exterior: Engineered Wood; Stucco
Family Room Characteristics: Lower Level; Main Level
Fencing: None
Financing Terms: Conventional
Fireplace Characteristics: Amusement Room; Family Room; Gas Burning; Living Room; Primary Bedroom
Fuel: Electric; Natural Gas
Heating: Baseboard; Forced Air; In-Floor Heating
Internet Options: Cable; DSL
Lake Details: Sand; Weeds
Laundry: Upper Level
Lot Description: Irregular Lot
Parking Characteristics: Heated Garage
Pool Description: Below Ground; Heated
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Age Over 8 Years
Sewer: City Sewer - In Street
Special Search: Primary Bdr Suite
Stories: Two
Water: Well
Waterfront View: Lake; Panoramic
Room Information
| Room Name | Dimensions | Level |
| Fourth (4th) Bedroom | 11x14 | Lower |
| Office | 11x8 | Main |
| Porch | 12x14 | Main |
| Bonus Room | 25x14 | Upper |
| Second (2nd) Bedroom | 14x12 | Upper |
| Third (3rd) Bedroom | 11x15 | Upper |
| Laundry | 6x8 | Upper |
| Kitchen | 26x12 | Main |
| Recreation Room | 24x24 | Lower |
| Den | 24x26 | Main |
| Garage | 26x26 | Lower |
| Dining Room | 13x22 | Main |
| Family Room | 12x20 | Main |
| Informal Dining Room | 12x10 | Main |
| First (1st) Bedroom | 24x14 | Upper |
| Living Room | 13x18 | Main |
Listing Office: Compass
Last Updated: July - 24 - 2026
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