115 Peninsula Road, Medicine Lake, MN 55441

• 6 beds |
• 4 baths |
• 2,950 sqft

Property Description

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 Status:

Active

Data Last Updated:

March 13, 2026 at 4:16AM

Listing Office:

Compass : 952-283-0644

MLS ID:

6811562

Interior

• Laundry: Lower Level
• Basement: Block
• Heating: Forced Air

Exterior

• Pool: None
• Parking: Detached GarageAsphaltMultiple GaragesShared Garage/Stall

Construction

• Roofing: Age 8 Years or Less
• General: One

Location

• Road/Access: City Street
• Originating MLS: northstar
• School District: Wayzata
• County: Hennepin

Lot

• Topography: Sloped
• Zoning: 2511822330040

Utilities

• Water: City Water - In StreetWell
• Sewer: City Sewer/Connected

Financial

• Source: northstar