SOLD MAY 15, 2026

Sold on May 2026

$670,000

•

—

sq ft

115 Peninsula Rd, Medicine Lake, MN 55441

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About this home

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.

Multi-familyProperty Type

1961Year Built

0.57 acresLot Size

3 garage spacesParking

Listed by Jesse Swanson • Compass

Redfin checked: a few seconds ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #6811562

Redfin Estimate

$717,923

$48K since sold in May 2026$6,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 1.5% lower than the average sale price ($729K) of 6 comparable homes.

SOLD JUN 25, 2026
$635,000
A
4 beds4 baths— sq ft
8910 23rd Ave N, Golden Valley, MN 55427
SOLD JUL 10, 2026
$515,000
B
4 beds3 baths— sq ft
2115 Decatur Ave N, Golden Valley, MN 55427
SOLD JUN 3, 2026
$385,000
C
4 beds3 baths— sq ft
2420 Lancaster Ln N, Plymouth, MN 55441
SOLD JUN 29, 2026
$550,000
D
4 beds3 baths— sq ft
12715 27th Ave N, Plymouth, MN 55441
SOLD JUL 10, 2026
$536,000
E
4 beds3 baths— sq ft
11730 27th Ave N, Plymouth, MN 55441
SOLD JUL 17, 2026
$1,750,000
F
5 beds4 baths— sq ft
178 Peninsula Rd, Medicine Lake, MN 55441

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Market trends in 55441, MN

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

101.9%

+0.1% MoM

Median sale price

$500K

$20K MoM

Avg. days on market

15d

0 days MoM

Recently sold homes

16 MoM

New listings for sale

NEW 2 HRS AGO
$385,000
5 beds2 baths2,208 sq ft
1010 Kirkwood Ln N, Plymouth, MN 55441
$305,000
2 beds2 baths1,485 sq ft
810 Trenton Ln N, Plymouth, MN 55441
$479,900
4 beds3 baths2,312 sq ft
4035 Quaker Ln N, Plymouth, MN 55441
$299,900
2 beds2 baths1,325 sq ft
846 Trenton Ln N, Plymouth, MN 55441
OPEN SAT, 12PM TO 2PM
$349,900
3 beds2 baths1,544 sq ft
3531 Pilgrim Ln N, Plymouth, MN 55441
COMING SOON
$750,000
5 beds4 baths3,730 sq ft
12515 Sunset Trl N, Plymouth, MN 55441
3D WALKTHROUGH
$500,000
4 beds3 baths2,344 sq ft
9900 41st Ave N, Plymouth, MN 55441
$499,900
2 beds3 baths2,501 sq ft
13250 39th Ave N, Plymouth, MN 55441
$350,000
3 beds2 baths1,902 sq ft
3493 Pilgrim Ln N, Plymouth, MN 55441
OPEN SAT, 12PM TO 2PM
$425,000
4 beds3 baths2,532 sq ft
4270 Quaker Ln N, Plymouth, MN 55441
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Sale and tax history for 115 Peninsula Rd

Sale History
Tax History

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Year

Property tax

Land + Additions

Assessment*

2026

$8,306 (+4.1%)

$217,000 + $402,300

$619,300

2025

$7,982 (+6.2%)

$217,000 + $404,500

$621,500

2024

$7,517 (+2.4%)

$217,000 + $385,300

$602,300

2023

$7,339 (+9.8%)

$198,000 + $370,000

$568,000

2022

$6,687 (+5.1%)

$155,000 + $308,000

$463,000

2021

$6,361 (+4.8%)

$150,000 + $297,000

$447,000

2020

$6,073 (−2.0%)

2019

$6,198 (+2.3%)

$120,000 + $240,000

$360,000

2018

$6,057 (+12.8%)

$120,000 + $221,000

$341,000

2017

$5,368 (+30.0%)

$120,000 + $206,000

$326,000

2015

$4,130

2014

$4,130 (−4.8%)

2013

$4,340 (−3.1%)

2012

$4,478

Public record

Beds

Baths

3.5

Stories

Lot width

120 ft.

Lot depth

200 ft.

Lot size

0.57 Acres

Year renovated

1990

Sq. Ft.

3,096

Year built

1961

Style

Other

County

Hennepin County

APN

25 118 22 33 0040

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 20, 2026.

Property details

Parking

Parking Information
Parking Features: Asphalt, Multiple Garages, Shared Garage/Stall
Garage Spaces: 3
Garage Dimensions: 33x25
Garage Sq. Ft.: 825
Garage Door Height: 7

Interior

Bedroom Information
# of Bedrooms: 6

Laundry Room Information
Laundry Features: Lower Level

Basement Information
Has Basement
Basement Features: Block

Heating & Cooling
Heating Information: Forced Air

Exterior

Building Information
Foundation Area: 1,700
Roof: Age 8 Years or Less

Exterior Features
Patio Porch Type: Patio

Pool Information
Pool Features: None

Property Information
Above Ground Total Sq. Ft.: 1,700
Below Ground Total Sq. Ft.: 1,250
FractionalOwnershipYN: No
Owner Occupied: Yes
Property Type: Residential Income
Property Sub Type: Duplex Side by Side
Above Grade Finished Area: 1,700
Below Grade Finished Area: 1,250

Lot Information
Lot Features: Corner Lot, Irregular Lot, Tree Coverage - Light
Lot Size Area: 0.57
Lot Size Units: Acres
Lot Size Dimensions: 120x200
Road Frontage Type: City Street
Road Responsibility: Public Maintained Road

Financial

Tax Information
Tax Annual Amount: $8,306
Tax Year: 2025
Tax With Assessments: $8,306

Financial Information
Conventional

Utilities

Utility Information
Water Source: City Water - In Street, Well
Power Company Name: Xcel Energy
Sewer: City Sewer/Connected
Fuel: Natural Gas

Location

Multi-Family Financial Information
Owner Pays: Exterior Maintenance, Grounds Care, Insurance, Sewer, Taxes, Trash Collection
Fuel Expense: $2,000
Electric Expense: $900
Gross Income: $22,800

Multi-Unit Information
# of Units (Total): 2

Unit Type 1 Information
Sq. Ft.: 1,500
# of Rooms Total: 7
# of Bedrooms: 3
# of Bathrooms: 2
# of Full Bathrooms: 1
# of Three Quarter Bathrooms: 1
# of Fireplaces: 2
Fireplace Location: Full Masonry
Appliances: Cooktop, Dishwasher, Dryer, Water Heater - Gas, Microwave, Wall Oven, Washer
Parking: 2
Cooling System: Central
# of Units: 2

School Information
High School District: Wayzata
School District Number: 284
School District Phone: 7637455000

Location Information
Directions: 169 N to hwy 55 W. to S Shore Dr. N (right) Left on S. Shore Drive. Left on Peninsula road. house on left.
Map Coordinate: 105-B1
Topography: Sloped

Public facts

Beds: 7
Baths: 3.5
Sq. Ft.: 3,096
Stories: 1.0
Lot Size: 0.57 acres
Style: Other
Year Built: 1961
Year Renovated: 1990
County: Hennepin County
APN: 25 118 22 33 0040

Home facts updated by county records on Jul 20, 2026

Other

Home Information
Living Area: 2950
Living Area Units: Square Feet
Main Level Finished Area: 1700
Building Area Total: 2950
Foundation Details: Block
Foundation Dimensions: 24x69
Levels: One

Around this home

Schools

Sunset Hill Elementary School

Public K-5 • Assigned • 1.8mi

8/10

Wayzata East Middle School

Public 6-8 • Assigned • 1.4mi

9/10

Wayzata High School

Public 9-12 • Assigned • 5.7mi

10/10

Provided by GreatSchools

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

2/10 Heat Factor

7 days above 99° expected this year, 13 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

2/10 Air Factor

2 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Medicine Lake, MN • 55441

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

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Provided by Shadowmap

Estimated sale price

$683,000 – $826,000

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New listings for sale in 55441

NEW 2 HRS AGO

$385,000

5 beds2 baths2,208 sq ft

1010 Kirkwood Ln N, Plymouth, MN 55441

$305,000

2 beds2 baths1,485 sq ft

810 Trenton Ln N, Plymouth, MN 55441

$479,900

4 beds3 baths2,312 sq ft

4035 Quaker Ln N, Plymouth, MN 55441

$299,900

2 beds2 baths1,325 sq ft

846 Trenton Ln N, Plymouth, MN 55441

OPEN SAT, 12PM TO 2PM

$349,900

3 beds2 baths1,544 sq ft

3531 Pilgrim Ln N, Plymouth, MN 55441

COMING SOON

$750,000

5 beds4 baths3,730 sq ft

12515 Sunset Trl N, Plymouth, MN 55441

3D WALKTHROUGH

$500,000

4 beds3 baths2,344 sq ft

9900 41st Ave N, Plymouth, MN 55441

$499,900

2 beds3 baths2,501 sq ft

13250 39th Ave N, Plymouth, MN 55441

$350,000

3 beds2 baths1,902 sq ft

3493 Pilgrim Ln N, Plymouth, MN 55441

Home values near 115 Peninsula Rd

Data from public records.

Address	Redfin Estimate
126 Peninsula Rd, Medicine Lake, MN 3 Beds \| 2.5 Baths \| 3103 Sq. Ft.	$1,440,027
118 Peninsula Rd, Medicine Lake, MN 4 Beds \| 2 Baths \| 1877 Sq. Ft.	$840,272

Address	Redfin Estimate
100 Peninsula Rd, Medicine Lake, MN 5 Beds \| 4 Baths \| - Sq. Ft.	$1,338,602
116 Peninsula Rd, Medicine Lake, MN 3 Beds \| 2 Baths \| - Sq. Ft.	$863,808

Address	Redfin Estimate
122 Peninsula Rd, Medicine Lake, MN 4 Beds \| 2 Baths \| 2583 Sq. Ft.	$1,134,643
114 Peninsula Rd, Medicine Lake, MN 3 Beds \| 2 Baths \| - Sq. Ft.	$954,727

Property information provided by NORTHSTARMLS as Distributed by MLS Grid when last listed in 2026. This data may not match . Learn more.

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