Active
5 beds3,778 sqft
168 Peninsula Rd, Medicine Lake, MN 55441
Est: $6,421/moGet pre-approved
Single FamilyProperty Type
0.65 acresLot Size
1955Year Built
$265/sq ftPrice per sq ft
2 carsParking Spaces

Description

RARE MEDICINE LAKE OPPORTUNITY offering 96 FEET OF LAKESHORE + TWO SEPARATE RESIDENCES—166 + 168 Peninsula—BEING SOLD TOGETHER in a sought-after peninsula setting, all in WAYZATA SCHOOLS. Located in the City of Medicine Lake—a hidden gem w/ a small-town lake community feel tucked into the heart of the West Metro. MAIN HOME | 168 PENINSULA: Filled w/ natural light + lake views featuring real hardwood floors & oversized Family Room w/ floor-to-ceiling stone fireplace. Double doors open to the Sun Room...RARE MEDICINE LAKE OPPORTUNITY offering 96 FEET OF LAKESHORE + TWO SEPARATE RESIDENCES—166 + 168 Peninsula—BEING SOLD TOGETHER in a sought-after peninsula setting, all in WAYZATA SCHOOLS. Located in the City of Medicine Lake—a hidden gem w/ a small-town lake community feel tucked into the heart of the West Metro. MAIN HOME | 168 PENINSULA: Filled w/ natural light + lake views featuring real hardwood floors & oversized Family Room w/ floor-to-ceiling stone fireplace. Double doors open to the Sun Room w/ vaulted ceiling, walls of windows, front walkout + access to the oversized back deck overlooking the property + lake. Kitchen features granite counters, SS apps (inc gas range) & abundant cabinetry. ML offers 4 BRs + Office/Flex Space & 2 BAs. Two BRs feature vaulted ceilings + share an updated 3/4 Bath. Primary Bedroom features built-ins + private walkout to the deck overlooking the lake. LL includes Laundry Room, tuck-under garage + HUGE Storage Room w/ crawl space. New roof sept 2026. Incredible lakeshore lot w/ mature trees + privacy. Expansive back deck + lake access area are ready for the next owner’s vision, w/ existing stairs to the lake needing to be rebuilt/reworked. Addt’l front patio surrounded by mature landscaping. GUEST HOUSE | 166 PENINSULA: Separate residence w/ its own driveway + mailbox. Full Kitchen w/ oven opens to Informal Dining + Family Room w/ fireplace & walkout to backyard. ML also features 1 BR + Flex Room, Full Bath & washer/dryer. Addt’l shed for storage. Guest House was recently tenant occupied + has previously been used as a rental; future rental use would require buyer to apply for a new rental license + complete required City inspection/approval. 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. Walk to the newly renovated park at the end of the peninsula w/ pavilion, pickleball, tennis + basketball courts & new playground. Nestled on a peninsula surrounded by water, this special community feels tucked away while still just minutes from Plymouth, Wayzata, Ridgedale, restaurants, shopping + downtown Minneapolis. A unique opportunity to own 96 feet of Medicine Lake shoreline + two separate residences and bring your ideas + vision to reimagine this property and make it your own.
Days on Market Listed Today
  • Listed by: • eXp Realty
Last updated: 09/16/2026 12:03 AM • Source: NorthStar, MLS#: 7106043

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Location

Listing Courtesy of eXp Realty
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$6,421 per month

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Property Information for 168 Peninsula Road

Property Details
  • Taxes: $15,043 / year
  • MLS Type: Residential / Single Family
  • Subdivision Name: Medicine Lake Park 1st Div
  • View: Lake
  • Waterfront Features: Lake Front
  • Waterfront YN: Yes
  • Zoning Jurisdiction: Residential-Single Family
Building Information
  • Year Built: 1955
  • Lot Size: 0.65 AC / 28,314 SF
Summary
Location and General Information
  • City Name: Medicine Lake
  • County Or Parish: Hennepin
  • County: Hennepin-MN
  • Directions: HWY 55 to 169 North to 13th Ave N exit. At bottom of exit, take left on 13th Ave N. Stay on 13th Ave N and do NOT turn on Nathan Ln N. Continue to S Shore Dr, go west to Peninsula Rd and follow the lake. Home will be on the right.
  • Latitude: 44.999983
  • Longitude: -93.418245
  • Nbr of Acres: 924
  • Lake Bottom: Sand
  • Lake Name: General Development
  • PLAT: 49
  • Map Coordinate: 105-B1
  • City and Location: Medicine Lake
  • City and Location Text: Medicine Lake(MN)
  • Postal Code: 55441
  • State Or Province: MN
  • Public Survey Township: 118
  • Waterfront Property YN: No
  • Water Body Name: Medicine
  • Waterfront Footage: 27010400
  • Waterfront Frontage: 96
Taxes and HOA Information
  • Additional Parcels: No
  • Association Fee: $.00
  • Association: No
  • Parcel Number: 2511822320047
  • Tax Annual Amount: $15,043.00
  • Tax Legal Description: BLOCK 005 MEDICINE LAKE PARK 1ST DIV LOT 11 AND NWLY 1/2 OF LOT 10 ALSO NWLY 10 FT OF SELY 1/2 OF LOT 10
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2026
  • Tax With Assessments: 15043
School Information
  • High School District: 284 - Wayzata
  • School District Number: 284
  • School District Phone: 7637455000
Property
Lot Information
  • Above Grade Fin SQFT: 3440.0
  • Below Grade Fin SQFT: 338.0
  • SQFT Total: 3778.0
  • Living Area Units: Square Feet
  • Lot Size Area: 0.65
  • Lot Size Dimensions: 84x338x96x305
  • Lot Size Units: Acres
  • Other Structures: Guest House
  • Present Use: Yearly
  • Property Attached: No
  • Property Sub Type: Single Family
  • Property Type: Residential
  • SQFT Main Total: 3440
  • Building Area Total: 5528.0
  • Above Grade SqFt Total: 3440
  • Below Grade SqFt Total: 2088
Utilities
  • Sewer: City Sewer/Connected
  • Water Source: City Water - In Street, Well
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Exterior Features: Brick Veneer, Cement Board
  • Foundation Area: 3440.0
  • Foundation Details: Block
  • Fuel: Natural Gas
  • Road Frontage Type: City Street
  • Road Responsibility: Public Maintained Road
  • Roof: Age Over 8 Years
  • Patio Porch Type: Deck,Patio
Interior Features
  • Basement Type: Partially Finished
  • Amenities Unit: Main Floor Primary Bedroom
  • Bath Desc: Main Floor 1/2 Bath,Main Floor 3/4 Bath,Main Floor Full Bath
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 1
  • Bathrooms Total Count: 3
  • Bedrooms Total: 5
  • Fireplaces Total: 1
  • FireplaceYN: Yes
  • Cooling: Central Air
  • Dining Room Description: Eat In Kitchen,Informal Dining Room
  • Garage Square Feet: 500
  • Heating: Forced Air
  • Laundry Features: Main Level
  • Levels: One
  • Room List: Dining Room, Family Room, Bedroom 5, Bedroom, Bedroom 4, Kitchen, Laundry, Living Room, Mud Room, Office, Bedroom 2, Sun Room, Bedroom 3
  • Basement YN: Yes
Room Information
Room 1
  • Room Dimensions: 9x12
  • Room Level: Main
  • Room Type: Dining Room
Room 2
  • Room Dimensions: 5x7
  • Room Level: Main
  • Room Type: Dining Room
Room 3
  • Room Dimensions: 21x15
  • Room Level: Main
  • Room Type: Family Room
Room 4
  • Room Dimensions: 10.5x10.5
  • Room Level: Main
  • Room Type: Bedroom 5
Room 5
  • Room Dimensions: 14x13
  • Room Level: Main
  • Room Type: Bedroom
Room 6
  • Room Dimensions: 17x11.5
  • Room Level: Main
  • Room Type: Bedroom 4
Room 7
  • Room Dimensions: 19x11
  • Room Level: Main
  • Room Type: Kitchen
Room 8
  • Room Dimensions: 11x7
  • Room Level: Main
  • Room Type: Kitchen
Room 9
  • Room Dimensions: 6x8
  • Room Level: Main
  • Room Type: Laundry
Room 10
  • Room Dimensions: 21x13.5
  • Room Level: Main
  • Room Type: Living Room
Room 11
  • Room Dimensions: 9x8
  • Room Level: Lower
  • Room Type: Mud Room
Room 12
  • Room Dimensions: 9.5x10
  • Room Level: Main
  • Room Type: Office
Room 13
  • Room Dimensions: 10.5x8.5
  • Room Level: Main
  • Room Type: Office
Room 14
  • Room Dimensions: 13x10.5
  • Room Level: Main
  • Room Type: Bedroom 2
Room 15
  • Room Dimensions: 13.5x30
  • Room Level: Main
  • Room Type: Sun Room
Room 16
  • Room Dimensions: 9.5x12
  • Room Level: Main
  • Room Type: Bedroom 3

Property History for 168 Peninsula Road

DateEvent & SourcePriceAppreciation
Sep 16, 2026

Listed (Active)

NorthStar #7106043

DateEvent & SourcePrice
09/16/2026

Listed (Active)

NorthStar #7106043

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 168 Peninsula Road

Taxable ValueLand$877,500Additions$173,400Total$1,050,900
Tax Record2025$15,044 ($1,254 / month)
Home Facts
Beds3Baths2Total Finished SqFt2,260 SqFtAbove Grade Finished SqFt2,260 SqFtStories1Lot Size28,314 SqFtStyleSingle Family ResidenceYear Built1955Year Renovated1970CountyHENNEPINAPN25-118-22-32-0047

Schools near 168 Peninsula Road

This home is within Wayzata Public School District.
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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168 Peninsula Road is a single family home for sale in Medicine Lake, MN 55441. This property was listed for sale on September 16, 2026 by eXp Realty, it's currently listed at $999,900. This listing's school district is Wayzata Public School District. Nearby schools include Sunset Hill Elementary School, Wayzata East Middle School and Wayzata High School. 168 Peninsula Road is a 5-bed, 3-bath, 3,778 sqft single family home built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of eXp Realty

Based on information submitted to the MLS GRID as of 09/16/2026 12:03 AM. 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.