264 Peninsula Rd

4,990 Sq. Ft.
$358 / Sq. Ft.
4,990
Sq. Ft.
$358
per Sq. Ft.

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...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.

Listing Agent

  1. Jesse Swanson

    Jesse Swanson

    Listing Agent

    Compass

    jesse.swanson@compass.com

    P: (612)-840-0444

Property Details for 264 Peninsula Road

Subdivision Name
Replat Medicine Lake Park 1st Div-Blk 8
View
Lake, Panoramic
Waterfront Features
Lake Front
Waterfront YN
Yes
Zoning Jurisdiction
Residential-Single Family
LISTING UPDATED: 05/06/2025 11:03 AM

Property Details for 264 Peninsula Road

StatusClosed
MLS #6443397
Days on Compass18
Taxes$20,572 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1961
Lot Size0.41 AC / 17,859 SF
CountyHennepin County

Location

Sold By Engel & Volkers Minneapolis Downtown

Add your commute

Building Information for 264 Peninsula Road

Stories-Year Built1961Building Size-Lot Size0.41 AC / 17,859 SF

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$10,703 per month

30 year fixed, 6.46% Interest

Principal and Interest

$8,988

Property Taxes

$1,714

HOA Dues

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Property Information for 264 Peninsula Road

Summary
Location and General Information
  • City Name: Medicine Lake
  • County Or Parish: Hennepin
  • County: Hennepin-MN
  • Directions: 169 to Hwy 55 W. to S. shore Drive. North on Peninsula road home is on the Right.
  • Latitude: 45.003353
  • Longitude: -93.424943
  • Nbr of Acres: 925
  • Lake Bottom: Sand, 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
  • Water Body Name: Medicine
  • Waterfront Footage: 27010400
  • Waterfront Descrip: 15-26
  • Waterfront Frontage: 123
  • Waterfront Desc: Gradual
Taxes and HOA Information
  • Additional Parcels: No
  • Association Fee: $.00
  • Association: No
  • Parcel Number: 2611822140042
  • Tax Annual Amount: $20,572.00
  • Tax Legal Description: LOT 003 BLOCK 001 REPLAT MEDICINE LK PARK 1ST DIV-BLK 8
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2023
  • Tax With Assessments: 20572.0000
School Information
  • High School District: 284 - Wayzata
  • School District Number: 284
  • School District Phone: 763-745-5000
Property
Lot Information
  • Above Grade Fin SQFT: 4090.0
  • Below Grade Fin SQFT: 900.0
  • SQFT Total: 4990.0
  • Lot Features: Irregular Lot
  • Lot Size Area: 0.41
  • Lot Size Dimensions: irregular
  • Lot Size Square Feet: 17859.6
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • SQFT Main Total: 2438.0000
  • Building Area Total: 4990.0
  • Above Grade SqFt Total: 4090.0000
  • Below Grade SqFt Total: 900.0000
Property and Assessments
  • Age Of Property: 64
Utilities
  • Electric: Circuit Breakers
  • Sewer: City Sewer - In Street
  • Water Source: Well
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Fencing: None
  • Foundation Area: 1200.0
  • Fuel: Electric,Natural Gas
  • Pool Features: Below Ground, Heated
  • Road Frontage Type: City Street
  • Road Responsibility: Public Maintained Road
  • Roof: Age Over 8 Years
  • Patio Porch Type: Deck,Patio,Screened,Side Porch
Interior Features
  • Appliances: Central Vacuum, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Humidifier, Iron Filter, Microwave, Refrigerator
  • Basement Type: Block, Finished, Walkout
  • Amenities Unit: Balcony,Cable,Ceiling Fan(s),Deck,Dock,Ethernet Wired,Hardwood Floors,Hot Tub,Kitchen Window,Primary Bedroom Walk-In Closet,Patio,Paneled Doors,Porch,Skylight,In-Ground Sprinkler,Tile Floors,Washer/Dryer Hookup
  • Bath Desc: 3/4 Basement,Private Primary,Main Floor 1/2 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: 4
  • Fireplace Features: Amusement Room, Circulating, Family Room, Full Masonry, Gas, Living Room, Primary Bedroom
  • Fireplaces Total: 4
  • FireplaceYN: Yes
  • Cooling: Central Air
  • Dining Room Description: Separate/Formal Dining Room
  • Garage Dimensions: 26x26
  • Garage Door Height: 7
  • Garage Door Width: 18
  • Garage Square Feet: 676
  • Heating: Baseboard, Forced Air, Fireplace(s), Radiant Floor
  • Levels: Two
  • Room Type: Living Room, Dining Room, Family Room, Informal Dining Room, Bedroom 1, Bedroom 2, Bedroom 3, Laundry, Kitchen, Bedroom 4, Office, Porch, Bonus Room, Recreation Room, Den, Garage
  • Room List: Living Room, Dining Room, Family Room, Informal Dining Room, Bedroom 1, Bedroom 2, Bedroom 3, Laundry, Kitchen, Bedroom 4, Office, Porch, Bonus Room, Recreation Room, Den, Garage
  • Basement YN: Yes
Room Information
Room 1
  • Room Dimensions: 13x18
  • Room Level: Main
  • Room Type: Living Room
Room 2
  • Room Dimensions: 13x22
  • Room Level: Main
  • Room Type: Dining Room
Room 3
  • Room Dimensions: 12x20
  • Room Level: Main
  • Room Type: Family Room
Room 4
  • Room Dimensions: 12x10
  • Room Level: Main
  • Room Type: Informal Dining Room
Room 5
  • Room Dimensions: 24x14
  • Room Level: Upper
  • Room Type: Bedroom 1
Room 6
  • Room Dimensions: 14x12
  • Room Level: Upper
  • Room Type: Bedroom 2
Room 7
  • Room Dimensions: 11x15
  • Room Level: Upper
  • Room Type: Bedroom 3
Room 8
  • Room Dimensions: 6x8
  • Room Level: Upper
  • Room Type: Laundry
Room 9
  • Room Dimensions: 26x12
  • Room Level: Main
  • Room Type: Kitchen
Room 10
  • Room Dimensions: 11x14
  • Room Level: Lower
  • Room Type: Bedroom 4
Room 11
  • Room Dimensions: 11x8
  • Room Level: Main
  • Room Type: Office
Room 12
  • Room Dimensions: 12x14
  • Room Level: Main
  • Room Type: Porch
Room 13
  • Room Dimensions: 25x14
  • Room Level: Upper
  • Room Type: Bonus Room
Room 14
  • Room Dimensions: 24x24
  • Room Level: Lower
  • Room Type: Recreation Room
Room 15
  • Room Dimensions: 24x26
  • Room Level: Main
  • Room Type: Den
Room 16
  • Room Dimensions: 26x26
  • Room Level: Lower
  • Room Type: Garage

Property History for 264 Peninsula Road

DateEvent & SourcePriceAppreciation
Oct 27, 2023

Sold (Public Record)

Public Record #1521095668

$1,785,000

+12.4% / yr

Oct 27, 2023

Sold

NorthStar #6443397

$1,785,000—
Oct 23, 2023

Pending

NorthStar #6443397

—
Oct 12, 2023

In Contract

NorthStar #6443397

—
Oct 5, 2023

Listed (Active)

NorthStar #6443397

$1,995,000—
May 1, 2013

Sold (Public Record)

Public Record #355668626

$525,000—
DateEvent & SourcePrice
10/27/2023

Sold (Public Record)

Public Record #1521095668

$1,785,000

+12.4% / yr

10/27/2023

Sold

NorthStar #6443397

$1,785,000
10/23/2023

Pending

NorthStar #6443397

—
10/12/2023

In Contract

NorthStar #6443397

—
10/05/2023

Listed (Active)

NorthStar #6443397

$1,995,000
05/01/2013

Sold (Public Record)

Public Record #355668626

$525,000

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

Public Records for 264 Peninsula Road

Taxable ValueLand$925,600Additions$793,300Total$1,718,900
Tax Record2025$24,355 ($2,030 / month)
Home Facts
Beds5Baths3.2Total Finished SqFt3,393 SqFtAbove Grade Finished SqFt3,393 SqFtUnfinished Basement SqFt1,100 SqFtStories2Lot Size17,860 SqFtStyleSingle Family ResidenceYear Built1961Year Renovated1995CountyHENNEPINAPN26-118-22-14-0042Fireplace TypeHas Fireplace

Schools near 264 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 11:03 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.