Luxury Lakefront Living on Medicine Lake ! 176 Peninsula Rd, Medicine Lake, MN Experience beautiful Medicine Lake living in this exceptional remodeled home. One of the only large, fully recreational lakes in the heart of the Twin Cities, Medicine Lake offers stunning views and year-round recreation. Just 7 miles to the North Loop, 5 miles to downtown Wayzata, and 20 miles to MSP Airport, this location delivers the perfect blend of lakeside tranquility and urban convenience. Highlights Include: Sweeping lake views from the fully remodeled main level and the upper-level primary suite and office Chef's kitchen featuring Sub-Zero and Wolf appliances, custom quartz waterfall countertops, and rich walnut cabinetry Newly remodeled main-floor 3/4 bath Expanded, maintenance-free deck overlooking the lake and professionally landscaped yard Upper-level primary suite with hardwood floors, panoramic lake views, spa-like bath with walk-in tile shower, and oversized walk-in closet with center island dresser Walkout lower level with two family rooms, 3/4 bath with steam shower, and a massive 40' x 20' sport court complete with two basketball hoops and batting cage (easily customizable into a golf simulator, yoga studio, or gym) Backyard oasis featuring extensive landscaping and a Palladium Plunge Pool that functions as both a hot tub and pool Energy-efficient solar panels (installed 2016, credits through 2026) Camera-wired home security system (installed 2022) This home is located in the award-winning Wayzata School District. Enjoy groomed cross-country ski trails right on the lake and the Luce Line Trail just steps away. Whether you're entertaining, staying active, or simply unwinding with breathtaking lake views, this property offers a rare combination of luxury, recreation, and convenience.
Amenities
In-unit amenities
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Property details
Interior
Basement Information
Basement Sq. Ft: 1,453
Basement Finish: Partially Finished
Bathroom Information
# of Full Baths: 1
# of 3/4 Baths: 2
Heating & Cooling
Heating Type: Forced Air
Fireplace Information
Has Fireplace
Room Information
# of Rooms: 9
Exterior
Exterior Information
Physical Condition: Good
Foundation Type: Concrete
Building Style Type: Contemporary
Exterior Wall: Wood
Roof Covering Type: Asphalt
Roof Framing Type: Wood
Roof Shape Type: Gable
Property Information
Subdivision Name: MEDICINE LAKE PARK 1ST DIV
Living Sq. Ft: 4,040
Gross Sq. Ft: 4,331
Adjusted Gross Sq. Ft: 3,671
Ground Floor Sq. Ft: 2,243
Building Sq. Ft: 4,331
# of Stories: 2
Stories Type: 2
Legal Description: LOT 015 BLOCK 005 MEDICINE LAKE PARK 1ST DIV
Parking & Garage Information
# of Parking Spaces: 3
Parking Type: Detached Garage
Garage/Parking Sq. Ft: 896
Garage / Carport Type: Detached
Lot Information
# of Buildings: 1
Land Sq. Ft: 13,068
Legal Lot Number: 15
Legal Block Number: 5
Municipality Name: MEDICINE LAKE
Acres: 0.3
Depth Footage: 255
Front Footage: 50
County Use Description: RESID. LAKE SHORE
Location Information
Parcel Location Influence: Lake
Utility Information
Electricity / Wiring Type: Average Wiring
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 4
Baths: 3.0
Sq. Ft.: 4,040
Stories: 2.0
Lot Size: 0.3 acres
Style: Single Family Residential
Year Built: 1925
Year Renovated: 2015
County: Hennepin County
APN: 25 118 22 23 0003
Home facts updated by county records on Jul 20, 2026
Sale and tax history for 176 Peninsula Rd
Sale History
Tax History
Date
Event
Price
APPFOLIO #1
Jul 17, 2026
Rental Removed
$7,500
$2/sq ft
Jun 1, 2026
Listed for Rent
$7,500
$2/sq ft
NORTHSTARMLS as Distributed by MLS Grid #6796833
Jan 27, 2026
Sold
$1,650,000
$408/sq ft
Dec 19, 2025
Pending
—
Sep 30, 2025
Listed
$1,650,000
$408/sq ft
+39
Beautiful Medicine Lake living. One of the only large, fully recreational lakes in the heart of the city. Just 7 miles to the North Loop, 5 miles to downtown Wayzata, and 20 miles to the airport. Enjoy sweeping lake views from the fully remodeled main level and from the upper-level primary suite and office. The chef’s kitchen features Sub-Zero and Wolf appliances, stunning custom quartz waterfall countertops, and rich walnut cabinetry. The main floor also includes a newly remodeled ¾ bath and an expanded, maintenance-free deck overlooking the lake and professionally landscaped yard. Upstairs, the primary suite and office showcase hardwood floors and panoramic lake views. The spa-like bath includes a walk-in tile shower, while the oversized walk-in closet features a center island dresser. The walkout lower level offers two family rooms, a ¾ bath with steam shower, and an incredible 40’x20’ sport court with two basketball hoops and batting cage—ideal for customization into a golf simulator, yoga studio, or gym. The backyard is a true retreat, with extensive landscaping and a Paladium Plunge Pool (Spa) that functions as both a hot tub and pool. Energy-efficient solar panels (installed 2016, credits through 2026) and a camera-wired home security system (2022) add modern convenience. All this within award-winning Wayzata Schools, with groomed cross-country ski trails on the lake and the Luce Line Trail just steps away.
NORTHSTARMLS as Distributed by MLS Grid #6750492
Sep 30, 2025
Listing Removed
—
Sep 3, 2025
Price Changed
$1,720,000
$426/sq ft
Aug 1, 2025
Price Changed
$1,795,000
$444/sq ft
Jul 7, 2025
Listed
$1,899,000
$470/sq ft
NORTHSTARMLS as Distributed by MLS Grid #6711070
Jun 12, 2025
Price Changed
$1,925,000
$476/sq ft
May 16, 2025
Listed
$1,995,000
$494/sq ft
May 13, 2025
Coming Soon
*
NORTHSTARMLS as Distributed by MLS Grid #6332900
Jun 20, 2023
Listing Removed
—
May 8, 2023
Price Changed
$1,925,000
$476/sq ft
Apr 4, 2023
Price Changed
$1,999,900
$495/sq ft
Feb 28, 2023
Listed
$2,150,000
$532/sq ft
Feb 21, 2023
Coming Soon
*
NORTHSTARMLS as Distributed by MLS Grid #4174764
Jan 3, 2013
Sold
$695,000
$172/sq ft
Nov 21, 2012
Listing Removed
—
Jul 22, 2012
Listed
$699,000
$173/sq ft
Public Records
Sep 12, 1995
Sold
$249,000
$62/sq ft
NORTHSTARMLS as Distributed by MLS Grid #1107078
Mar 28, 1995
Listing Removed
—
Mar 15, 1995
Listed
$254,900
$63/sq ft
NORTHSTARMLS as Distributed by MLS Grid #1053715
Mar 14, 1995
Listing Removed
—
Apr 29, 1994
Listed
$259,900
$64/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$23,022 (+4.3%)
$675,000 + $887,000
$1,562,000
2025
$22,072 (+7.4%)
$712,000 + $853,800
$1,565,800
2024
$20,547 (+27.6%)
$665,000 + $832,600
$1,497,600
2023
$16,105 (+7.2%)
$578,000 + $563,000
$1,141,000
2022
$15,027 (+2.4%)
$480,000 + $464,000
$944,000
2021
$14,682 (−2.6%)
$480,000 + $459,000
$939,000
2020
$15,079 (+24.5%)
$470,000 + $455,000
$925,000
2019
$12,116 (−2.2%)
$462,000 + $328,000
$790,000
2018
$12,384 (+14.5%)
$462,000 + $322,000
$784,000
2017
$10,817 (+6.3%)
$462,000 + $283,000
$745,000
2015
$10,178 (+8.3%)
$383,000 + $306,000
$689,000
2014
$9,397 (+4.6%)
$331,000 + $291,000
$622,000
2013
$8,986 (−9.2%)
$310,000 + $282,000
$592,000
2012
$9,899
$389,000 + $284,000
$673,000
Around this home
Schools
Places
Transit
8/10
Sunset Hill Elementary School
Public, K-5 • Assigned • 1.9mi
9/10
Wayzata East Middle School
Public, 6-8 • Assigned • 1.6mi
10/10
Wayzata High School
Public, 9-12 • Assigned • 5.4mi
Provided by GreatSchools
About
Plymouth-Wayzata
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
Public facts and zoning for 176 Peninsula Rd
Beds
4
Baths
3
Sq. Ft.
4,040
Stories
2
Lot Size
0.3 Acres
Style
Single Family Residential
Year Built
1925
Year Renovated
2015
County
Hennepin County
APN
25 118 22 23 0003
Home facts updated by county records on Jul 20, 2026.
Additional resources
Zoning
Working on getting current and accurate zoning information for this home.Learn more
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, 14 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
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Estimated sale price
$1.79M – $2.17M
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In-unit amenities
These amenities may not be available for every unit