# 168 Peninsula Road, Medicine Lake, MN 55441 > **TL;DR:** 5bd/3ba single family, $949,500 ($251/sqft), built 1955, 3,778 sqft. > Fireplace, Waterfront, A/C, 2-car garage. Est. $5,078/mo. Listed 60 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $949,500 | | Price/sqft | $251 | | Bedrooms | 5 | | Bathrooms | 2 full | | Square Feet | 3,778 | | Year Built | 1955 | | Lot Size | 28,314 sqft (0.65 acres) | | Garage | 2-car | | Property Type | Single Family (Other) | | Status | Active | | Days on Market | 60 | ## Why This Home Stands Out - **Waterfront** - Waterfront location listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $4,801 | | Estimated Insurance | $277 | | **Total** | **$5,078** | ## Key Amenities - Fireplace - Waterfront - A/C - 2-car garage ## Property Highlights - Built in 1955 - 0.65 acre lot - Fireplace - Waterfront ## Description ### Agent 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 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. OVER $50,000 IN RECENT REPAIRS, MAINTENANCE + IMPROVEMENTS, including a FULL ROOF REPLACEMENT SEPT 2026 + new soffits, fascia & gutters on a portion of the back of the home-SEE SUPPLEMENTS for details. 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. ## Location - **Address:** 168 Peninsula Road, Medicine Lake, MN 55441 - **County:** Hennepin - **Neighborhood:** Medicine Lake Park 1st Div - **Coordinates:** 44.999983, -93.418245 - **Google Maps:** https://www.google.com/maps?q=44.999983,-93.418245 ## Listing Agent - **Name:** Brown & Co Residential - **Brokerage:** EXP REALTY - **Broker Phone:** (612) 751-9303 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/168-Peninsula-Rd_Medicine-Lake_MN_55441_M86368-58808?f=listhub&s=RMLSMN&m=7106043&c=propsimple) ## Photos ![168 Peninsula Road - Photo 1](http://lh.rdcpix.com/ffef1322c6036b4d5e3fecfbc083b4c9l-f3669548997r.jpg) ![168 Peninsula Road - Photo 2](http://lh.rdcpix.com/ffef1322c6036b4d5e3fecfbc083b4c9l-f2200032552r.jpg) ![168 Peninsula Road - Photo 3](http://lh.rdcpix.com/ffef1322c6036b4d5e3fecfbc083b4c9l-f2186035333r.jpg) ![168 Peninsula Road - 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Photo 84](http://lh.rdcpix.com/ffef1322c6036b4d5e3fecfbc083b4c9l-f364436327r.jpg) ![168 Peninsula Road - Photo 85](http://lh.rdcpix.com/ffef1322c6036b4d5e3fecfbc083b4c9l-f895816355r.jpg) ![168 Peninsula Road - Photo 86](http://lh.rdcpix.com/ffef1322c6036b4d5e3fecfbc083b4c9l-f1240728792r.jpg) ![168 Peninsula Road - Photo 87](http://lh.rdcpix.com/ffef1322c6036b4d5e3fecfbc083b4c9l-f2538478291r.jpg) ![168 Peninsula Road - Photo 88](http://lh.rdcpix.com/ffef1322c6036b4d5e3fecfbc083b4c9l-f4632908r.jpg) ![168 Peninsula Road - Photo 89](http://lh.rdcpix.com/ffef1322c6036b4d5e3fecfbc083b4c9l-f717553057r.jpg) --- **MLS#:** 7106043 | **Updated:** 2026-10-31 **Source:** listhub *Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/168-peninsula-road-medicine-lake-mn-55441-0bdaf72583a84dcfb7d81ad717ebdaaa) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/168-peninsula-road-medicine-lake-mn-55441-0bdaf72583a84dcfb7d81ad717ebdaaa#listing", "url": "https://www.propertysimple.ai/listing/168-peninsula-road-medicine-lake-mn-55441-0bdaf72583a84dcfb7d81ad717ebdaaa", "name": "168 Peninsula Road, Medicine Lake, MN 55441", "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 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. OVER $50,000 IN RECENT REPAIRS, MAINTENANCE + IMPROVEMENTS, including a FULL ROOF REPLACEMENT SEPT 2026 + new soffits, fascia & gutters on a portion of the back of the home-SEE SUPPLEMENTS for details. 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. 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