168 Peninsula Road, Medicine Lake, MN 55441

• 5 beds |
• 3 baths |
• 3,778 sqft

Property 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.

Listing Status:

Active

Data Last Updated:

September 21, 2026 at 4:16AM

Listing Office:

eXp Realty : 320-500-4397

MLS ID:

7106043

Interior

• Master Bath: 0
• Dining: 0
• Laundry: Main Level
• Basement: Partially Finished
• A/C: Central Air
• Heating: Forced Air
• Fireplace: FireplaceFireplaces: 1

Exterior

• General: Brick VeneerCement BoardGuest House
• Parking: Attached GarageTuckunder Garage

Construction

• Roofing: Age Over 8 Years
• General: OneBlock

Location

• Road/Access: City Street
• HOA Amenities: 0.0
• Originating MLS: northstar
• School District: Wayzata
• County: Hennepin

Lot

• Zoning: 2511822320047
• View: Lake
• Waterfront: 96

Utilities

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

Financial

• Source: northstar