This home's estimate is 141.1% higher than the average sale price ($495K) of 6 comparable homes.
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217 Peninsula Rd, Medicine Lake, MN 55441
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About this home
Rare Medicine Lake opportunity! Enjoy 100 feet of level, south-facing lakeshore on nearly one acre. Tucked at the end of a long private drive, this exceptional property offers a peaceful, secluded setting with an “up north” feel—just 15 minutes from downtown Minneapolis. The home features true one-level living and is filled with natural light, showcasing beautiful lake views throughout. Whether you’re looking to enjoy the home as-is, renovate, or expand the footprint, the nearly acre-sized lot and premium shoreline create outstanding long-term potential. The renovated kitchen blends timeless style with modern function, featuring white upper cabinets, navy lower cabinets, granite countertops, designer tile backsplash, stainless-steel appliances, and a center island with beverage fridge. The eat-in kitchen opens directly to a spacious maintenance-free deck with sun shading pergola, perfect for outdoor dining, entertaining, or relaxing while taking in sunset views over the lake. A vaulted informal dining and family room with fireplace and custom built-ins provides a warm and inviting space for gatherings. Located on the peninsula in the charming Village of Medicine Lake, this property offers a unique small-town atmosphere while being part of the Wayzata School District. Survey available. One owner home. Lakefront properties with this much level shoreline and land are incredibly rare—don’t miss this opportunity.
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Market trends in 55441, MN
Last updated August 2026
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Est. $2,284 per month, based on comparable rentals
Sale and tax history for 217 Peninsula Rd
- Sale History
- Tax History
$654/sq ft
$714/sq ft
$786/sq ft
$786/sq ft
$556/sq ft
$571/sq ft
$214/sq ft
Public record
Property details
Parking
- Parking Information
- Parking Features: Gravel, Asphalt, Garage Door Opener
- Garage Spaces: 3
- Garage Sq. Ft.: 670
Interior
- Virtual Tour
- Bedroom Information
- # of Bedrooms: 2
- Bathroom Information
- # of Full Baths (Total): 1
- # of Three Quarter Baths (Total): 1
- Description: Full Primary,His and Her Closets ,Private Primary,Main Floor 3/4 Bath,Main Floor Full Bath
- Room 1 Information
- Room Type: Deck
- Room Dimensions: 20x19
- Room Level: Main
- Room 2 Information
- Room Type: Deck
- Room Dimensions: 9x7
- Room Level: Main
- Room 3 Information
- Room Type: Dining Room
- Room Dimensions: 14x10
- Room Level: Main
- Room 4 Information
- Room Type: Family Room
- Room Dimensions: 17x14
- Room Level: Main
- Room 5 Information
- Room Type: Bedroom
- Room Dimensions: 17x10
- Room Level: Main
- Room 6 Information
- Room Type: Garage
- Room Dimensions: 26x20
- Room Level: Upper
- Room 7 Information
- Room Type: Informal Dining Room
- Room Dimensions: 9x8
- Room Level: Main
- Room 8 Information
- Room Type: Kitchen
- Room Dimensions: 12x9
- Room Level: Main
- Room 9 Information
- Room Type: Laundry
- Room Dimensions: 6x5
- Room Level: Main
- Room 10 Information
- Room Type: Bedroom 2
- Room Dimensions: 18x9
- Room Level: Main
- Laundry Room Information
- Laundry Features: Gas Dryer Hookup, Laundry Room, Main Level, Washer Hookup
- Basement Information
- Basement Features: Crawl Space
- Dining Room Information
- Dining Room Features: Eat In Kitchen,Living/Dining Room
- Other Rooms Information
- All Living Facilities on One Level,Main Floor Primary,Main Floor Laundry,Primary Bdr Suite,Renovated
- Fireplace Information
- # of Fireplaces: 1
- Fireplace Features: Electric, Family Room
- Heating & Cooling
- Heating Information: Baseboard, Boiler, Forced Air
- Cooling Information: Central Air
- Interior Features
- Appliances: Cooktop, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer, Water Softener Owned, Wine Cooler
Exterior
- Building Information
- Foundation Area: 1,400
- Roof: Asphalt
- Exterior Features
- Patio Porch Type: Composite Decking,Deck,Wrap Around
- Fencing: None
- Pool Information
- Pool Features: None
- Waterfront Information
- On Waterfront
- Waterfront Features: Lake Front
- Waterfront Elevation: 0-4
- Waterfront Feet: 100
- Road Between Waterfront And Home Y/N: N
- Property Information
- Above Ground Total Sq. Ft.: 1,400
- FractionalOwnershipYN: No
- Property Type: Residential
- Above Grade Finished Area: 1,400
- Amenities: Cable,Ceiling Fan(s),Deck,Dock,Hardwood Floors,Kitchen Center Island,Kitchen Window,Main Floor Primary Bedroom,Natural Woodwork,Paneled Doors,Panoramic View,Tile Floors,Vaulted Ceiling(s),Washer/Dryer Hookup
- Lot Information
- Lot Features: Accessible Shoreline, Island/Peninsula, Tree Coverage - Medium
- Lot Size Area: 0.89
- Lot Size Units: Acres
- Lot Size Dimensions: 98x395
- Road Frontage Type: City Street, Paved Streets
- Road Responsibility: Public Maintained Road
Financial
- Tax Information
- Tax Annual Amount: $14,524
- Tax Year: 2026
- Tax With Assessments: $14,524
Utilities
- Utility Information
- Water Source: Well
- Electric: Circuit Breakers, 200+ Amp Service
- 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: From Hwy 55 go N on Shore Dr, S Shore continues to your left, turn left onto Peninsula to home.
- Map Coordinate: 105-B1
Public facts
- Beds: 2
- Baths: 1.75
- Sq. Ft.: 1,400
- Stories: 1.0
- Parking Spaces: 3
- Basement: No
- Accessible: No
- Lot Size: 0.89 acres
- Style: Single Family Residential
- Year Built: 1983
- Year Renovated: 1985
- County: Hennepin County
- APN: 26 118 22 14 0057
- HOA Dues: —
- Garage: Yes
- Features: Views, Waterfront
Other
- Home Information
- Living Area: 1400
- Living Area Units: Square Feet
- Main Level Finished Area: 1400
- Building Area Total: 1400
- Foundation Details: Block
- Levels: One
Around this home
Schools
Public K-5 • Assigned • 1.9mi
Public 6-8 • Assigned • 1.6mi
Public 9-12 • Assigned • 5.3mi
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
Very good 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 217 Peninsula Rd
| Address | Redfin Estimate |
|---|---|
4 Beds | 3 Baths | 3834 Sq. Ft. | $1,329,712 |
2 Beds | 1 Baths | - Sq. Ft. | $844,786 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1372 Sq. Ft. | $621,452 |
- Beds | - Baths | - Sq. Ft. | — |
| Address | Redfin Estimate |
|---|---|
4 Beds | 3 Baths | - Sq. Ft. | $1,399,497 |
4 Beds | 3 Baths | - Sq. Ft. | $1,516,050 |
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