This home's estimate is 242.3% higher than the average sale price ($572K) of 6 comparable homes.
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176 Peninsula Rd, Medicine Lake, MN 55441
About this home
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.
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Last updated October 2026
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Provided by Redfin
Sale history for 176 Peninsula Rd
Tax history for 176 Peninsula Rd
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Parking Features: Concrete, Electric Vehicle Charging Station(s), Garage Door Opener, Guest Parking
- Garage Spaces: 3
- Garage Sq. Ft.: 660
Interior
- Virtual Tour
- Bedroom Information
- # of Bedrooms: 4
- Bathroom Information
- # of Full Baths (Total): 1
- # of Three Quarter Baths (Total): 2
- Description: 3/4 Basement,3/4 Primary,Main Floor Full Bath,Steam Shower
- Room 1 Information
- Room Type: Athletic Court
- Room Dimensions: 35x20
- Room Level: Lower
- Room 2 Information
- Room Type: Deck
- Room Dimensions: 35x13
- Room Level: Main
- Room 3 Information
- Room Type: Dining Room
- Room Dimensions: 18x14
- Room Level: Main
- Room 4 Information
- Room Type: Family Room
- Room Dimensions: 21x19
- Room Level: Lower
- Room 5 Information
- Room Type: Bedroom
- Room Dimensions: 24x12
- Room Level: Upper
- Room 6 Information
- Room Type: Bedroom 4
- Room Dimensions: 28x12
- Room Level: Lower
- Room 7 Information
- Room Type: Kitchen
- Room Dimensions: 20x18
- Room Level: Main
- Room 8 Information
- Room Type: Laundry
- Room Dimensions: 8x7
- Room Level: Main
- Room 9 Information
- Room Type: Living Room
- Room Dimensions: 25x16
- Room Level: Main
- Room 10 Information
- Room Type: Patio
- Room Dimensions: 20x8
- Room Level: Lower
- Room 11 Information
- Room Type: Recreation Room
- Room Dimensions: 26x11
- Room Level: Lower
- Room 12 Information
- Room Type: Bedroom 2
- Room Dimensions: 12x10
- Room Level: Main
- Room 13 Information
- Room Type: Bedroom 3
- Room Dimensions: 13x9
- Room Level: Main
- Laundry Room Information
- Laundry Features: Laundry Room, Main Level
- Basement Information
- Has Basement
- Basement Features: Block, Drain Tiled, Egress Window(s), Finished, Full, Walkout
- Dining Room Information
- Dining Room Features: Breakfast Bar,Breakfast Area,Eat In Kitchen,Kitchen/Dining Room
- Other Rooms Information
- Main Floor Bedroom,Main Floor Laundry
- Heating & Cooling
- Heating Information: Ductless Mini-Split, Forced Air
- Cooling Information: Central Air, Ductless Mini-Split, Dual
- Interior Features
- Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Water Filtration System, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Wine Cooler
Exterior
- Building Information
- Construction Materials: Block
- Foundation Area: 1,632
- Roof: Age 8 Years or Less
- Exterior Features
- Patio Porch Type: Composite Decking,Deck,Patio
- Waterfront Information
- Waterfront Features: Lake Front
- Lake Bottom: Sand
- Waterfront Elevation: 0-4
- Waterfront Feet: 50
- Road Between Waterfront And Home Y/N: N
- Property Information
- Above Ground Total Sq. Ft.: 2,232
- Below Ground Total Sq. Ft.: 2,236
- FractionalOwnershipYN: No
- Property Type: Residential
- Property Sub Type: Single Family Residence
- Other Structures: Pool House
- Above Grade Finished Area: 2,541
- Below Grade Finished Area: 2,110
- Amenities: Ceiling Fan(s),Deck,Hardwood Floors,Hot Tub,Indoor Sprinklers,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Natural Woodwork,Patio,Paneled Doors,Tile Floors,Walk-In Closet
- Lot Information
- Lot Features: Tree Coverage - Medium
- Lot Size Area: 0.3
- Lot Size Units: Acres
- Lot Size Dimensions: 255x50
- Road Frontage Type: City Street
- Road Responsibility: Public Maintained Road
Financial
- Tax Information
- Tax Annual Amount: $22,071
- Tax Year: 2025
- Tax With Assessments: $22,071
- Financial Information
- Conventional
Utilities
- Utility Information
- Water Source: City Water/Connected
- 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: 1280
- School District Phone: 7637455000
- Location Information
- Directions: From 169 to Hwy 55. West to Medicine Lake Road, north to Peninsula Rd. On the right side
- Map Coordinate: 105-B1
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
Other
- Home Information
- Living Area: 4651
- Living Area Units: Square Feet
- Main Level Finished Area: 1536
- Levels: Modified Two Story
Around this home
Schools
Public K-5 • Assigned • 1.9mi
Public 6-8 • Assigned • 1.6mi
Public 9-12 • Assigned • 5.4mi
Lifestyle
Provided by Walk Score and Local Logic
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, 14 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
In this area, properties receive around 10.5 hours in June and 3.6 hours in December, which is comparable to the U.S. average for solar exposure.
Nearby similar homes
New listings for sale in 55441
Home values near 176 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. | $1,430,923 |
4 Beds | 3 Baths | - Sq. Ft. | $1,460,923 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | - Sq. Ft. | $1,131,307 |
3 Beds | 3 Baths | 3433 Sq. Ft. | $1,156,535 |
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