This home's estimate is 151% higher than the average sale price ($686K) of 6 comparable homes.
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162 Peninsula Rd, Medicine Lake, MN 55441
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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.
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Last updated October 2026
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Est. $3,587 per month, based on comparable rentals
Sale and tax history for 162 Peninsula Rd
- Sale History
- Tax History
Public record
Property details
Parking
- Parking Information
- Parking Features: Attached Garage, Asphalt, Electric, Garage Door Opener, Multiple Garages
- Garage Spaces: 5
- Garage Sq. Ft.: 1,117
Interior
- Virtual Tour
- Bedroom Information
- # of Bedrooms: 4
- Bathroom Information
- # of Full Baths (Total): 2
- # of Three Quarter Baths (Total): 1
- # of Half Baths (Total): 2
- Description: 1/2 Basement,Two Basement Baths,Double Sink,Bathroom Ensuite,Full Primary,Private Primary,Main Floor 1/2 Bath,Main Floor 3/4 Bath,Main Floor Full Bath,Separate Tub & Shower,Steam Shower,Jetted Tub
- Room 1 Information
- Room Type: Deck
- Room Dimensions: 38 x 13
- Room Level: Main
- Room 2 Information
- Room Type: Dining Room
- Room Dimensions: 13 x 14
- Room Level: Main
- Room 3 Information
- Room Type: Bedroom
- Room Dimensions: 19 x 13
- Room Level: Lower
- Room 4 Information
- Room Type: Bedroom 4
- Room Dimensions: 12 x 10
- Room Level: Upper
- Room 5 Information
- Room Type: Great Room
- Room Dimensions: 22 x 15
- Room Level: Main
- Room 6 Information
- Room Type: Kitchen
- Room Dimensions: 14 x 14
- Room Level: Main
- Room 7 Information
- Room Type: Laundry
- Room Dimensions: 14 x 13
- Room Level: Lower
- Room 8 Information
- Room Type: Living Room
- Room Dimensions: 14 x 13
- Room Level: Main
- Room 9 Information
- Room Type: Recreation Room
- Room Dimensions: 23 x 14
- Room Level: Lower
- Room 10 Information
- Room Type: Bedroom 2
- Room Dimensions: 12 x 15
- Room Level: Upper
- Room 11 Information
- Room Type: Storage
- Room Dimensions: 9 x 9
- Room Level: Lower
- Room 12 Information
- Room Type: Bedroom 3
- Room Dimensions: 12 x 13
- Room Level: Upper
- Laundry Room Information
- Laundry Features: Lower Level, Laundry Room, Sink
- Basement Information
- Has Basement
- Basement Features: Block, Daylight/Lookout Windows, Finished, Full, Storage Space, Walkout
- Dining Room Information
- Dining Room Features: Informal Dining Room,Kitchen/Dining Room
- Other Rooms Information
- 3 BR on One Level,Primary Bdr Suite
- Fireplace Information
- Has Fireplace
- # of Fireplaces: 2
- Fireplace Features: Amusement Room, Family Room, Free Standing, Full Masonry, Gas, Insert
- Heating & Cooling
- Heating Information: Forced Air
- Cooling Information: Central Air
- Interior Features
- Appliances: Central Vacuum, Dishwasher, Dryer, Exhaust Fan, Humidifier, Gas Water Heater, Water Filtration System, Microwave, Range, Refrigerator, Stainless Steel Appliances, Trash Compactor, Washer, Water Softener Owned
Exterior
- Building Information
- Foundation Area: 1,900
- Roof: Age 8 Years or Less
- Exterior Features
- Patio Porch Type: Composite Decking,Covered,Deck,Patio
- Exterior Features: Stone, Vinyl
- Fencing: Invisible
- Pool Information
- Pool Features: Below Ground, Heated, Indoor
- Waterfront Information
- On Waterfront
- Waterfront Features: Lake Front
- Waterfront Feet: 75
- Road Between Waterfront And Home Y/N: N
- Property Information
- Above Ground Total Sq. Ft.: 1,900
- Below Ground Total Sq. Ft.: 1,819
- FractionalOwnershipYN: No
- Property Type: Residential
- Other Structures: Storage Shed
- Above Grade Finished Area: 1,900
- Below Grade Finished Area: 1,143
- Amenities: Ceiling Fan(s),Deck,Dock,Ethernet Wired,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Natural Woodwork,Patio,Paneled Doors,Panoramic View,Skylight,In-Ground Sprinkler,Vaulted Ceiling(s),Walk-In Closet
- Lot Information
- Lot Features: Accessible Shoreline, Island/Peninsula, Tree Coverage - Medium
- Lot Size Area: 0.52
- Lot Size Units: Acres
- Lot Size Dimensions: 75 x 335
- Road Frontage Type: City Street, Paved Streets
- Road Responsibility: Public Maintained Road
Financial
- Tax Information
- Tax Annual Amount: $20,582
- Tax Year: 2026
- Tax With Assessments: $20,582
Utilities
- Utility Information
- Water Source: City Water/Connected, Well
- Electric: Circuit Breakers
- Power Company Name: Xcel Energy
- Sewer: City Sewer/Connected
- Fuel: Natural Gas
Location
- School Information
- High School District: Wayzata
- School District Number: 284
- School District Phone: 7637455000
- Location Information
- Directions: Hwy 55 to South Shore Drive, West to Peninsula Road
- Map Coordinate: 105-B1
Public facts
- Beds: 4
- Baths: 3.0
- Sq. Ft.: 3,016
- Stories: —
- Lot Size: 0.52 acres
- Style: Single Family Residential
- Year Built: 1982
- Year Renovated: 2000
- County: Hennepin County
- APN: 25 118 22 32 0048
Other
- Home Information
- Living Area: 3043
- Living Area Units: Square Feet
- Main Level Finished Area: 1900
- Building Area Total: 3719
- Foundation Details: Block
- Levels: Four or More Level Split
Around this home
Schools
Public K-5 • Assigned • 1.9mi
Public 6-8 • Assigned • 1.6mi
Public 9-12 • Assigned • 5.5mi
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 99° expected this year, 13 days in 30 years
Minor risk of severe winds over next 30 years
2 unhealthy days expected this year, 2 days in 30 years
Sun exposure
Exceptional sunlight
SunscoreThere appears to be minimal shading by surrounding buildings, terrain, and vegetation.
Nearby similar homes
New listings for sale in 55441
Home values near 162 Peninsula Rd
| Address | Redfin Estimate |
|---|---|
3 Beds | 2.5 Baths | 2316 Sq. Ft. | $1,245,709 |
3 Beds | 2 Baths | - Sq. Ft. | $1,193,231 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 3 Baths | - Sq. Ft. | $1,956,368 |
6 Beds | 3 Baths | 7295 Sq. Ft. | — |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | - Sq. Ft. | $1,131,307 |
- Beds | - Baths | - Sq. Ft. | — |
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