115 Peninsula Rd
Description
Set on a sprawling half-acre lot, you'll enjoy plenty of yard space, mature trees for added privacy, and the convenience of a three-car detached garage. Nestled in the prestigious Wayzata school...A rare gem in the heart of Medicine Lake, this exceptional owner-occupied duplex is a dream opportunity for both investors and homeowners alike. Featuring two generously sized units, each offering updated kitchens, three bedrooms, and two bathrooms, this property effortlessly combines comfort and practicality.
Set on a sprawling half-acre lot, you'll enjoy plenty of yard space, mature trees for added privacy, and the convenience of a three-car detached garage. Nestled in the prestigious Wayzata school district and surrounded by multi-million-dollar homes, this is the only single-owner duplex in Medicine Lake—a truly unique find.
Location is key, and this property shines with its proximity to the Luce Line Trail system, Medicine Lake Regional Parks, and a quick 15-minute drive to downtown Minneapolis. For investors, Unit 2 has been rented on a month-to-month basis since 2019 at $1,900 per month, with tenants covering separate utilities—making it a hassle-free income stream.
Don’t miss your chance to own this one-of-a-kind property in a highly sought-after community. Whether you're looking to invest or create your own tranquil retreat, Medicine Lake offers the lifestyle and location you’ve been waiting for.
Listing Agent
![Jesse Swanson]()
jesse.swanson@compass.comP: (612)-840-0444
Property Details for 115 Peninsula Road
Property Details for 115 Peninsula Road
| Status | Active |
|---|---|
| MLS # | 6811562 |
| Days on Compass | 1 |
| Taxes | $8,306 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1961 |
| Lot Size | 0.57 AC / 24,829 SF |
| County | Hennepin County |
| Buyer's Agent Compensation | 2.7% |
Location
Building Information for 115 Peninsula Road
Payment Calculator
$4,103 per month
30 year fixed, 6.15% Interest
$3,411
$692
$0
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1Property Information for 115 Peninsula Road
- City Name: Medicine Lake
- County Or Parish: Hennepin
- County: Hennepin-MN
- Directions: 169 N to hwy 55 W. to S Shore Dr. N (right) Left on S. Shore Drive. Left on Peninsula road. house on left.
- Latitude: 44.996346
- Longitude: -93.417933
- Map Coordinate: 105-B1
- City and Location: Minneapolis
- City and Location Text: Minneapolis(MN)
- Postal Code: 55441
- State Or Province: MN
- Public Survey Township: 118
- Topography: Sloped
- Additional Parcels: No
- Parcel Number: 2511822330040
- Tax Annual Amount: $8,306.00
- Tax Legal Description: BLOCK 012 MEDICINE LAKE PARK 1ST DIV THAT PART OF LOTS 8 AND 9 LYING NELY OF A LINE RUNNING FROM A PT IN NWLY LINE OF LOT 9 DIS 76 7/10 FT NELY OF MOST WLY COR THEREOF TO A PT IN SELY LINE OF LOT 8 DIS 81 5/10 FT NELY OF MOST SLY COR THEREOF
- Tax Other Annual Assessment Amount: $.00
- Tax Year: 2025
- Tax With Assessments: 8306
- High School District: 1280 - Wayzata
- School District Number: 1280
- School District Phone: 7637455000
- Above Grade Fin SQFT: 1700.0
- Below Grade Fin SQFT: 1250.0
- SQFT Total: 2950.0
- Living Area Units: Square Feet
- Lot Features: Corner Lot, Irregular Lot, Tree Coverage - Light
- Lot Size Area: 0.57
- Lot Size Dimensions: 120x200
- Lot Size Units: Acres
- Present Use: Yearly
- Property Type: Residential Income
- SQFT Main Total: 1700
- Building Area Total: 2950.0
- Above Grade SqFt Total: 1700
- Below Grade SqFt Total: 1250
- Sewer: City Sewer/Connected
- Water Source: City Water - In Street, Well
- Accessibility Features: None
- Foundation Area: 1700.0
- Fuel: Natural Gas
- Pool Features: None
- Road Frontage Type: City Street
- Road Responsibility: Public Maintained Road
- Roof: Age 8 Years or Less
- Patio Porch Type: Patio
- Basement Type: Block
- Bathrooms Total Count: 4
- Bedrooms Total: 6
- DP Resource: Yes
- Garage Dimensions: 33x25
- Garage Door Height: 7
- Garage Square Feet: 825
- Heating: Forced Air
- Laundry Features: Lower Level
- Levels: One
- Number of Refrigerator: Two
- Basement YN: Yes
- Unit Appl: Cooktop, Dishwasher, Dryer, Water Heater - Gas, Microwave, Wall Oven, Washer
- Unit Bath 3Qtr: 1
- Unit Bath Description: Private Primary, Main Floor Full Bath
- Unit Bath Full: 1
- Unit Cool System: Central
- Unit Monthly Expenses: 300
- Unit Fireplace Location: Full Masonry
- Unit Fireplace Num: 2
- Unit Parking: 2
- Unit Rooms Total: 7
- Unit SqFt: 1500
- Unit Type Baths Total: 2
- Unit Type Beds Total: 3
- Unit Type Units Total: 2
- Dining Room Description: Informal Dining Room
- Family Room Features: Lower Level
- Unit Is Leased: N
- Unit Level: Main Level
- Unit Type Total Rent: 1900
- Unit Furnished: Unfurnished
Property History for 115 Peninsula Road
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Mar 5, 2026 | Price Change NorthStar #6811562 | $699,900 | — |
| Mar 5, 2026 | Listed (Active) NorthStar #6811562 | — | |
| Nov 7, 2017 | Sold (Public Record) Public Record #611062863 | $415,000 | — |
| May 18, 2000 | Off Market NorthStar #1497871 | — | |
| May 4, 2000 | Listed (Active) NorthStar #1497871 | $319,900 | — |
| Date | Event & Source | Price |
|---|---|---|
| 03/05/2026 | Price Change NorthStar #6811562 | $699,900 |
| 03/05/2026 | Listed (Active) NorthStar #6811562 | — |
| 11/07/2017 | Sold (Public Record) Public Record #611062863 | $415,000 |
| 05/18/2000 | Off Market NorthStar #1497871 | — |
| 05/04/2000 | Listed (Active) NorthStar #1497871 | $319,900 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 115 Peninsula Road
Schools near 115 Peninsula Road
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
Sunset Hill Elementary School PublicK to 5 | ||
Wayzata East Middle School Public6 to 8 | ||
Wayzata High School Public9 to 12 | ||
East Middle Alternative (Emap) Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Based on information submitted to the MLS GRID as of 03/12/2026 05:17 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.
