246 Peninsula Rd

2,856 Sq. Ft.
$490 / Sq. Ft.
2,856
Sq. Ft.
$490
per Sq. Ft.

Description

Rare opportunity to own a home on the peninsula in highly sought after city of Medicine lake. This home's main floor remodel won the 2015 Remodelers showcase award. All new windows and roof were part of the remodel. The spacious main floor offers unobstructed views of the lake, beautiful open concept living with 2 story vaulted ceilings, large cozy living rm, informal dining, large kitchen with custom cabinets and huge island. The sun room off the kitchen is perfect for morning coffee or an evening...Rare opportunity to own a home on the peninsula in highly sought after city of Medicine lake. This home's main floor remodel won the 2015 Remodelers showcase award. All new windows and roof were part of the remodel. The spacious main floor offers unobstructed views of the lake, beautiful open concept living with 2 story vaulted ceilings, large cozy living rm, informal dining, large kitchen with custom cabinets and huge island. The sun room off the kitchen is perfect for morning coffee or an evening sunset. The primary ensuite bdrm with custom walk in closet, beautiful bathroom with heated floors and adjoining laundry room round out the main floor. The upper level is very large with great light, perfect space for kids or craft room and also includes guest bdrm with ensuite. Lower level walkout basement with great views of the lake has large family room and additional sitting area with fireplace, bath and bdrm (bdrm non conforming due to no closet). Dock and Lift included W/FPO

Listing Agents

  1. Jesse Swanson

    Jesse Swanson

    Listing Agent

    Compass

    jesse.swanson@compass.com

    P: (612)-840-0444

  2. Sarah Niewinski

    Sarah Niewinski

    Alternative Listing Agent

    Compass

Property Details for 246 Peninsula Road

Subdivision Name
Medicine Lake Park 1st Div
View
East, Lake
Waterfront Features
Dock, Lake Front, Lake View
Waterfront YN
Yes
Zoning Jurisdiction
Residential-Single Family
LISTING UPDATED: 05/06/2025 10:25 AM

Property Details for 246 Peninsula Road

StatusClosed
MLS #6320353
Days on Compass14
Taxes$13,621 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1988
Lot Size0.32 AC / 13,939 SF
CountyHennepin County

Location

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Building Information for 246 Peninsula Road

Stories-Year Built1988Building Size-Lot Size0.32 AC / 13,939 SF

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$8,185 per month

30 year fixed, 6.46% Interest

Principal and Interest

$7,050

Property Taxes

$1,135

HOA Dues

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Property Information for 246 Peninsula Road

Summary
Location and General Information
  • City Name: Medicine Lake
  • County Or Parish: Hennepin
  • County: Hennepin-MN
  • Directions: from 169 N, west on hwy 55, right on S shore drive. left on S. Shore drive. Left on Peninsula road, house on right.
  • Latitude: 45.003385
  • Longitude: -93.423024
  • Nbr of Acres: 925
  • Lake Bottom: Sand, Soft, Weeds
  • Lake Chain: N
  • Lake Name: General Development
  • PLAT: 49
  • Map Coordinate: 105-B1
  • Map Coordinate Source: King's Street Atlas
  • 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
  • Waterfront Footage: 27010400
  • Waterfront Descrip: 40+
  • Waterfront Frontage: 55
  • Waterfront Desc: Gradual
Taxes and HOA Information
  • Additional Parcels: No
  • Association Fee: $.00
  • Association: No
  • Parcel Number: 2611822140012
  • Tax Annual Amount: $13,621.00
  • Tax Legal Description: LOT 014 BLOCK 007 MEDICINE LAKE PARK 1ST DIV
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2022
  • Tax With Assessments: 13621.0000
School Information
  • High School District: 284 - Wayzata
  • School District Number: 284
  • School District Phone: 763-745-5000
Property
Lot Information
  • Above Grade Fin SQFT: 2016.0
  • Below Grade Fin SQFT: 840.0
  • SQFT Total: 2856.0
  • Lot Features: Accessible Shoreline, Irregular Lot
  • Lot Size Area: 0.32
  • Lot Size Dimensions: 50x270xL55x300
  • Lot Size Square Feet: 13939.2
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • SQFT Main Total: 1388.0000
  • Building Area Total: 2916.0
  • Above Grade SqFt Total: 2016.0000
  • Below Grade SqFt Total: 900.0000
Property and Assessments
  • Age Of Property: 37
Utilities
  • Electric: Circuit Breakers
  • Sewer: City Sewer/Connected
  • Water Source: Private, Well
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 1388.0
  • Fuel: Electric,Natural Gas
  • Road Frontage Type: City Street, Paved Streets
  • Road Responsibility: Public Maintained Road
  • Roof: Age 8 Years or Less
  • Patio Porch Type: Deck
Interior Features
  • Appliances: Air-To-Air Exchanger, Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Exhaust Fan, Humidifier, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Water Softener Owned
  • Basement Type: Block, Finished, Walkout
  • Bath Desc: 3/4 Basement,Main Floor 1/2 Bath,Main Floor 3/4 Bath,Upper Level Full Bath
  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 2
  • Bathrooms Total Count: 4
  • Bedrooms Total: 2
  • Fireplace Features: Gas
  • Fireplaces Total: 2
  • FireplaceYN: Yes
  • Cooling: Central Air
  • Dining Room Description: Informal Dining Room
  • Garage Dimensions: 22x22
  • Garage Door Height: 7
  • Garage Door Width: 7
  • Garage Square Feet: 484
  • Heating: Baseboard, Forced Air, Radiant Floor
  • Levels: Modified Two Story
  • Room Type: Living Room, Informal Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Flex Room, Hearth Room, Laundry, Mud Room, Loft, Sun Room, Den
  • Room List: Living Room, Informal Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Flex Room, Hearth Room, Laundry, Mud Room, Loft, Sun Room, Den
  • Basement YN: Yes
Room Information
Room 1
  • Room Dimensions: 20x15
  • Room Level: Main
  • Room Type: Living Room
Room 2
  • Room Dimensions: 11x15
  • Room Level: Main
  • Room Type: Informal Dining Room
Room 3
  • Room Dimensions: 15x13
  • Room Level: Lower
  • Room Type: Family Room
Room 4
  • Room Dimensions: 17x12
  • Room Level: Main
  • Room Type: Kitchen
Room 5
  • Room Dimensions: 15x15
  • Room Level: Main
  • Room Type: Bedroom 1
Room 6
  • Room Dimensions: 17x15
  • Room Level: Upper
  • Room Type: Bedroom 2
Room 7
  • Room Dimensions: 17x15
  • Room Level: Upper
  • Room Type: Flex Room
Room 8
  • Room Dimensions: 13x9
  • Room Level: Lower
  • Room Type: Hearth Room
Room 9
  • Room Dimensions: 8x9
  • Room Level: Main
  • Room Type: Laundry
Room 10
  • Room Dimensions: 9x8
  • Room Level: Main
  • Room Type: Mud Room
Room 11
  • Room Dimensions: 12x11
  • Room Level: Upper
  • Room Type: Loft
Room 12
  • Room Dimensions: 15x20
  • Room Level: Main
  • Room Type: Sun Room
Room 13
  • Room Dimensions: 13x11
  • Room Level: Lower
  • Room Type: Den

Property History for 246 Peninsula Road

DateEvent & SourcePriceAppreciation
Feb 10, 2023

Sold

NorthStar #6320353

$1,400,000—
Feb 1, 2023

Sold (Public Record)

Public Record #1505861256

$1,400,000

+12.7% / yr

Jan 19, 2023

Pending

NorthStar #6320353

—
Jan 11, 2023

In Contract

NorthStar #6320353

—
Jan 5, 2023

Listed (Active)

NorthStar #6320353

$1,400,000—
Mar 31, 2015

Sold (Public Record)

Public Record #491521978

$550,000

+433.8% / yr

Mar 31, 2015

Sold

NorthStar #4550220

$550,000—
Mar 31, 2015

Sold

Lake Superior Area REALTORS #2262110

$550,000—
Feb 27, 2015

Pending

NorthStar #4550220

—
Feb 27, 2015

Pending

Lake Superior Area REALTORS #2262110

—
Dec 19, 2014

Listed (Active)

Lake Superior Area REALTORS #2262110

$650,000—
Jan 24, 2011

Sold (Public Record)

Public Record #304007160

$500—
Aug 13, 2003

Off Market

NorthStar #2173081

—
Aug 12, 2003

Off Market

NorthStar #2173081

—
Aug 12, 2003

Off Market

NorthStar #2173081

—
Jul 28, 2003

Listed (Active)

NorthStar #2173081

$889,900—
DateEvent & SourcePrice
02/10/2023

Sold

NorthStar #6320353

$1,400,000
02/01/2023

Sold (Public Record)

Public Record #1505861256

$1,400,000

+12.7% / yr

01/19/2023

Pending

NorthStar #6320353

—
01/11/2023

In Contract

NorthStar #6320353

—
01/05/2023

Listed (Active)

NorthStar #6320353

$1,400,000
03/31/2015

Sold (Public Record)

Public Record #491521978

$550,000

+433.8% / yr

03/31/2015

Sold

NorthStar #4550220

$550,000
03/31/2015

Sold

Lake Superior Area REALTORS #2262110

$550,000
02/27/2015

Pending

NorthStar #4550220

—
02/27/2015

Pending

Lake Superior Area REALTORS #2262110

—
12/19/2014

Listed (Active)

Lake Superior Area REALTORS #2262110

$650,000
01/24/2011

Sold (Public Record)

Public Record #304007160

$500
08/13/2003

Off Market

NorthStar #2173081

—
08/12/2003

Off Market

NorthStar #2173081

—
08/12/2003

Off Market

NorthStar #2173081

—
07/28/2003

Listed (Active)

NorthStar #2173081

$889,900

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

Public Records for 246 Peninsula Road

Taxable ValueLand$712,000Additions$683,600Total$1,395,600
Tax Record2025$19,532 ($1,628 / month)
Home Facts
Beds2Baths2.5Total Finished SqFt2,308 SqFtAbove Grade Finished SqFt2,308 SqFtUnfinished Basement SqFt1,118 SqFtStories2Lot Size13,939 SqFtStyleSingle Family ResidenceYear Built1988Year Renovated2015CountyHENNEPINAPN26-118-22-14-0012Fireplace TypeHas Fireplace

Schools near 246 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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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. 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.

Based on information submitted to the MLS GRID as of 05/06/2025 10:25 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.