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About this home
Private oasis on Medicine Lake, 10 Minutes from Downtown Minneapolis. Taken down to the studs after its 2004 purchase, this home sits back from the road behind mature gardens and a curving driveway — private, quiet, and in the top-rated Wayzata School District. A heated saltwater pool (rebuilt 2016) anchors the outdoor living, with multiple patios and decks, including dining deck under a fairy-lit mature vine canopy— all with panoramic views of the lake. A graded path leads down to the lake and dock. Inside, an open kitchen and great room center on an oversized slider framing the water, warmed by a slate-faced fireplace. Three upper bedrooms with three baths, and a lower-level primary suite with lake views, jetted tub, and steam shower. Attached garage with utility room, plus a detached 3-car garage with boat storage. City sewer updated and water installed in 2025. No HOA.
Plymouth-Wayzata, located between Lake Minnetonka and Medicine Lake, is a lakeside and suburban Plymouth neighborhood with wooded shorelines and polished retail pockets. The neighborhood’s character concentrates around the Wayzata Boulevard–Lake Street corridor, where marina slips, sidewalk patios, and small storefronts set a lake-town cadence. Wayzata Bar & Grill, 6Smith, and the Wayzata Depot anchor local routines with dining, gathering, and a touch of rail history. Housing ranges from mid-century ramblers to newer builds on curving, tree-lined streets. Trails and parks stitch together water views and everyday errands. The pace feels outdoors-forward, with boats, bikes, and café tables sharing the same calendar.
Provided by Walk Score and Local Logic
Offer insights
162 Peninsula Rd · $1,600,000
$1.58M and above
75% chance or better to win
Why $1.58M+ is a strong offer
DAYS ON MARKET
14 days
The average home goes pending in 19 days.
SALE-TO-LIST
100.2%
Most homes are selling 0% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bedroom
Living
Dining
Interior features
Ceiling fans
Central vacuum
Water filtration system
Water softener (owned)
Humidifier
Skylight
Vaulted ceilings
Natural woodwork
Paneled doors
Panoramic view
Primary bedroom with ensuite and double sink
Primary bedroom with private full bath and walk-in closet
Multiple main-floor baths including a full, a 3/4 and a half bath
Separate tub and shower, steam shower and jetted tub
Finished daylight basement with storage space and walkout
Two basement baths
Informal dining / kitchen dining area
Bedrooms
4 bedrooms total
Main-level and upper-level bedrooms plus a lower-level bedroom
Primary bedroom suite (private, walk-in closet, ensuite double sink)
Bathrooms
2 full baths
1 three-quarter bath
2 half baths
Primary full bath (private, double sink)
Basement includes two baths
Main level includes full, 3/4 and 1/2 bath options
Features include separate tub & shower, steam shower and jetted tub
Kitchen
Kitchen center island
Kitchen window
Range
Microwave
Dishwasher
Refrigerator
Stainless steel appliances
Trash compactor
Laundry & utility
Laundry room with sink on the lower level
Washer and dryer
Gas water heater
Heating & cooling
Forced air heating
Central air conditioning
Exterior features
Composite decking, covered deck, and patio
Dock with 75 feet of lake frontage
Below-ground heated indoor pool
Stone and vinyl exterior
Invisible fencing
In-ground sprinkler system
Accessible shoreline on an island/peninsula lot
Tree coverage (medium)
Panoramic views
Storage shed
Home design
Residential property
Four-or-more-level split design
Main entry on main level
Facing direction not specified
Parking
Attached garage with multiple bays
Garage door opener
Electric in garage
Asphalt driveway
5 garage spaces
Construction
Block foundation
Foundation area noted
Roof age 8 years or less
Utilities
City water connected and well
City sewer connected
Natural gas fuel
Electric service with circuit breakers (Xcel Energy)
Electricity and solar
View estimated energy costs and solar savings for this home