Google street view image for 245 Peninsula Rd, Medicine Lake, MN 55441

Off Market Nov 2016 for $310K

$604,515

Est. refi paymentEst. refi $2,517/mo

•

2 ba

•

1,037

sq ft

245 Peninsula Rd, Medicine Lake, MN 55441

About this home

245 Peninsula Rd is a 1,037 square foot house on a 10,454 square foot lot with 1 bedroom and 2 bathrooms. - it last sold on November 17, 2016 for $310,000. Based on Redfin's Medicine Lake data, we estimate the home's value is $604,515.

Single-familyProperty Type

1920Year Built

10,454 sq ftLot Size

$583Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$604,515

$295K since sold in November 2016$3,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 28.6% higher than the average sale price ($470K) of 6 comparable homes.

SOLD JUN 10, 2026
$323,000
A
2 beds1 bath— sq ft
12210 28th Ave N, Plymouth, MN 55441
SOLD JUL 14, 2026
$805,000
B
2 beds2 baths— sq ft
10226 S Shore Dr, Plymouth, MN 55441
SOLD JUL 8, 2026
$395,000
C
3 beds2 baths— sq ft
1115 W Medicine Lake Dr, Plymouth, MN 55441
SOLD DEC 3, 2025
$452,000
D
3 beds2 baths— sq ft
12410 25th Ave N, Plymouth, MN 55441
SOLD AUG 3, 2026
$430,000
E
3 beds2 baths— sq ft
12100 Highway 55, Plymouth, MN 55441
SOLD AUG 17, 2026
$415,000
F
3 beds3 baths— sq ft
3015 E Medicine Lake Blvd, Plymouth, MN 55441

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Earn from this home

Sell

$371,731

Est. take-home

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Est. cash available

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Rent

$1,474/mo

Redfin rental estimate

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Market trends in 55441, MN

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

101.8%

+0.9% MoM

Median sale price

$480K

$2K MoM

Avg. days on market

15d

1 days MoM

Recently sold homes

17 MoM

New listings for sale

$479,900
4 beds3 baths2,312 sq ft
4035 Quaker Ln N, Plymouth, MN 55441
$299,900
2 beds2 baths1,325 sq ft
846 Trenton Ln N, Plymouth, MN 55441
OPEN SAT, 12PM TO 2PM
$349,900
3 beds2 baths1,544 sq ft
3531 Pilgrim Ln N, Plymouth, MN 55441
$295,000
3 beds2 baths1,752 sq ft
4118 Hemlock Ln N, Plymouth, MN 55441
COMING SOON
$750,000
5 beds4 baths3,730 sq ft
12515 Sunset Trl N, Plymouth, MN 55441
$375,000
3 beds3 baths2,083 sq ft
2705 Larch Ln N, Plymouth, MN 55441
3D WALKTHROUGH
$500,000
4 beds3 baths2,344 sq ft
9900 41st Ave N, Plymouth, MN 55441
$350,000
3 beds2 baths1,902 sq ft
3493 Pilgrim Ln N, Plymouth, MN 55441
$425,000
4 beds3 baths2,532 sq ft
4270 Quaker Ln N, Plymouth, MN 55441
OPEN SUN, 11AM TO 1PM
$300,000
3 beds3 baths1,668 sq ft
3429 Pilgrim Ln N, Plymouth, MN 55441
See all

Provided by Redfin

Sale history for 245 Peninsula Rd

Year

Property tax

Land + Additions

Assessment*

2026

$7,432 (−3.9%)

$512,000 + $51,300

$563,300

2025

$7,737 (+12.2%)

$553,600 + $51,500

$605,100

2024

$6,893 (+11.0%)

$516,000 + $43,400

$559,400

2023

$6,211 (+27.9%)

$448,000 + $45,000

$493,000

2022

$4,858 (+4.1%)

2021

$4,667 (−3.3%)

2020

$4,826 (+8.6%)

2019

$4,443 (−2.6%)

2018

$4,561 (+9.0%)

2017

$4,184 (+9.3%)

2015

$3,829 (+14.9%)

2014

$3,334 (+3.6%)

2013

$3,217 (−11.9%)

2012

$3,652

Tax history for 245 Peninsula Rd

Year

Property tax

Land + Additions

Assessment*

2026

$7,432 (−3.9%)

$512,000 + $51,300

$563,300

2025

$7,737 (+12.2%)

$553,600 + $51,500

$605,100

2024

$6,893 (+11.0%)

$516,000 + $43,400

$559,400

2023

$6,211 (+27.9%)

$448,000 + $45,000

$493,000

2022

$4,858 (+4.1%)

2021

$4,667 (−3.3%)

2020

$4,826 (+8.6%)

2019

$4,443 (−2.6%)

2018

$4,561 (+9.0%)

2017

$4,184 (+9.3%)

2015

$3,829 (+14.9%)

2014

$3,334 (+3.6%)

2013

$3,217 (−11.9%)

2012

$3,652

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Property details

Interior

Basement Information
Basement Sq. Ft: 576
Basement Finish: Partially Finished

Bathroom Information
# of Full Baths: 1
# of 3/4 Baths: 1

Heating & Cooling
Heating Type: Forced Air

Room Information
# of Rooms: 5

Exterior

Exterior Information
Physical Condition: Average
Foundation Type: Concrete Block
Building Style Type: Rambler
Exterior Wall: Wood
Roof Covering Type: Asphalt
Roof Framing Type: Wood
Roof Shape Type: Hip

Property Information
Subdivision Name: MEDICINE LAKE PARK 1ST DIV
Living Sq. Ft: 1,037
Gross Sq. Ft: 1,152
Adjusted Gross Sq. Ft: 1,152
Ground Floor Sq. Ft: 576
Building Sq. Ft: 1,152
# of Stories: 1
Stories Type: 1
Legal Description: LOT 011 BLOCK 009 MEDICINE LAKE PARK 1ST DIV THAT PART OF THE NWLY 55 FT LYING SWLY OF THE NELY 150 FT THEREOF

Lot Information
# of Buildings: 1
Land Sq. Ft: 10,454
Legal Lot Number: 11
Legal Block Number: 9
Municipality Name: MEDICINE LAKE
Acres: 0.24
Depth Footage: 200
Front Footage: 55
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: 1
Baths: 2.0
Sq. Ft.: 1,037
Stories: 1.0
Lot Size: 10,454 square feet
Style: Single Family Residential
Year Built: 1920
Year Renovated: 1955
County: Hennepin County
APN: 26 118 22 14 0035

Home facts updated by county records on Jul 20, 2026

Around this home

Schools

Sunset Hill Elementary School

Public K-5 • Assigned • 1.8mi

8/10

Wayzata East Middle School

Public 6-8 • Assigned • 1.6mi

9/10

Wayzata High School

Public 9-12 • Assigned • 5.2mi

10/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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, 13 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

Historical weather

Medicine Lake, MN • 55441

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

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.

10.5 hrs

3.6 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$575,000 – $696,000

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New listings for sale in 55441

$479,900

4 beds3 baths2,312 sq ft

4035 Quaker Ln N, Plymouth, MN 55441

$299,900

2 beds2 baths1,325 sq ft

846 Trenton Ln N, Plymouth, MN 55441

OPEN SAT, 12PM TO 2PM3D WALKTHROUGH

$349,900

3 beds2 baths1,544 sq ft

3531 Pilgrim Ln N, Plymouth, MN 55441

$295,000

3 beds2 baths1,752 sq ft

4118 Hemlock Ln N, Plymouth, MN 55441

COMING SOON

$750,000

5 beds4 baths3,730 sq ft

12515 Sunset Trl N, Plymouth, MN 55441

$375,000

3 beds3 baths2,083 sq ft

2705 Larch Ln N, Plymouth, MN 55441

3D WALKTHROUGH

$500,000

4 beds3 baths2,344 sq ft

9900 41st Ave N, Plymouth, MN 55441

$350,000

3 beds2 baths1,902 sq ft

3493 Pilgrim Ln N, Plymouth, MN 55441

$425,000

4 beds3 baths2,532 sq ft

4270 Quaker Ln N, Plymouth, MN 55441

Home values near 245 Peninsula Rd

Data from public records.

Address	Redfin Estimate
267 Peninsula Rd, Medicine Lake, MN 4 Beds \| 3.5 Baths \| 2834 Sq. Ft.	$1,287,763
2631 Peninsula Rd Apartment 2, Medicine Lake, MN 7 Beds \| 4 Baths \| - Sq. Ft.	$1,778,535

Address	Redfin Estimate
241 Peninsula Rd, Medicine Lake, MN 3 Beds \| 2 Baths \| 1372 Sq. Ft.	$630,331
265 Peninsula Rd, Medicine Lake, MN 3 Beds \| 2 Baths \| - Sq. Ft.	$1,208,999

Address	Redfin Estimate
229 Peninsula Rd, Medicine Lake, MN 2 Beds \| 1 Baths \| - Sq. Ft.	$843,272
263 Peninsula Rd, Medicine Lake, MN 5 Beds \| 4 Baths \| 4308 Sq. Ft.	$1,413,855

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