246 Peninsula Rd, Medicine Lake, MN 55441

Off Market Feb 2023 for $1.4M

$1,688,261

Est. refi paymentEst. refi $8,413/mo

•

—

sq ft

246 Peninsula Rd, Medicine Lake, MN 55441

About this home

Rare opportunity to own a home on the peninsula in highly sought after city of Medicine lake. This home's main floor remodel won the 2015 Remodelers showcase award. All new windows and roof were part of the remodel. The spacious main floor offers unobstructed views of the lake, beautiful open concept living with 2 story vaulted ceilings, large cozy living rm, informal dining, large kitchen with custom cabinets and huge island. The sun room off the kitchen is perfect for morning coffee or an evening sunset. The primary ensuite bdrm with custom walk in closet, beautiful bathroom with heated floors and adjoining laundry room round out the main floor. The upper level is very large with great light, perfect space for kids or craft room and also includes guest bdrm with ensuite. Lower level walkout basement with great views of the lake has large family room and additional sitting area with fireplace, bath and bdrm (bdrm non conforming due to no closet). Dock and Lift included W/FPO

Single-familyProperty Type

1988Year Built

0.32 acresLot Size

2 car garageParking

Listed by Jesse Swanson • Compass

Listed by Sarah Niewinski

Redfin checked: 2 minutes ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #6320353

Redfin Estimate

$1,688,261

$288K since sold in February 2023$84K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 89.7% higher than the average sale price ($890K) of 6 comparable homes.

SOLD NOV 10, 2025
$547,600
A
5 beds4 baths— sq ft
11820 27th Ave N, Plymouth, MN 55441
SOLD NOV 4, 2025
$1,600,000
B
3 beds4 baths— sq ft
2870 Evergreen Ln N, Plymouth, MN 55441
SOLD JUL 10, 2026
$536,000
C
4 beds3 baths— sq ft
11730 27th Ave N, Plymouth, MN 55441
SOLD JUL 17, 2026
$1,750,000
D
5 beds4 baths— sq ft
178 Peninsula Rd, Medicine Lake, MN 55441
SOLD MAY 26, 2026
$452,000
E
3 beds2 baths— sq ft
10725 15th Ave N, Plymouth, MN 55441
SOLD FEB 27, 2026
$455,000
F
3 beds3 baths— sq ft
2610 Medicine Ridge Rd, Plymouth, MN 55441

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Earn from this home

Sell

$543,270

Est. take-home

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Refinance

Est. cash available

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Rent

$3,041/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

101.9%

+0.1% MoM

Median sale price

$500K

$20K MoM

Avg. days on market

15d

0 days MoM

Recently sold homes

16 MoM

New listings for sale

$305,000
2 beds2 baths1,485 sq ft
810 Trenton Ln N, Plymouth, MN 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 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
$499,900
2 beds3 baths2,501 sq ft
13250 39th Ave N, Plymouth, MN 55441
$350,000
3 beds2 baths1,902 sq ft
3493 Pilgrim Ln N, Plymouth, MN 55441
See all

Provided by Redfin

Sale history for 246 Peninsula Rd

Date

Event

Price

NORTHSTARMLS as Distributed by MLS Grid #6320353

Feb 10, 2023

Sold

$1,400,000

Jan 19, 2023

Pending

—

Jan 11, 2023

Contingent

—

Jan 5, 2023

Listed

$1,400,000

NORTHSTARMLS as Distributed by MLS Grid #4550220

Mar 31, 2015

Sold

$550,000

Feb 27, 2015

Pending

—

Feb 7, 2015

Listing Removed

—

Dec 19, 2014

Listed

$650,000

+13

LSAR as distributed by WIREX #2262110

Mar 31, 2015

Sold

$550,000

Dec 19, 2014

Listed

$650,000

RASM #4703293

Mar 31, 2015

Sold

$550,000

Dec 19, 2014

Listed

$650,000

+13

NORTHSTARMLS as Distributed by MLS Grid #3311162

Mar 15, 2007

Listing Removed

—

Jan 8, 2007

Listed

$959,900

NORTHSTARMLS as Distributed by MLS Grid #2173081

Aug 13, 2003

Listing Removed

—

Jul 28, 2003

Listed

$889,900

Year

Property tax

Land + Additions

Assessment*

2026

$20,255 (+3.7%)

$675,000 + $709,700

$1,384,700

2025

$19,532 (+6.5%)

$712,000 + $683,600

$1,395,600

2024

$18,335 (+26.6%)

$665,000 + $680,600

$1,345,600

2023

$14,484 (+6.3%)

$578,000 + $457,000

$1,035,000

2022

$13,621 (+2.9%)

$480,000 + $384,000

$864,000

2021

$13,234 (−2.2%)

$484,000 + $371,000

$855,000

2020

$13,532 (+8.9%)

$484,000 + $355,000

$839,000

2019

$12,426 (−2.6%)

$484,000 + $324,000

$808,000

2018

$12,757 (+25.4%)

$484,000 + $321,000

$805,000

2017

$10,174 (−15.1%)

$484,000 + $222,000

$706,000

2015

$11,986 (+7.6%)

$440,000 + $356,000

$796,000

2014

$11,139 (+3.4%)

$385,000 + $336,000

$721,000

2013

$10,771 (−8.3%)

$347,000 + $345,000

$692,000

2012

$11,745

$435,000 + $347,000

$782,000

Tax history for 246 Peninsula Rd

Year

Property tax

Land + Additions

Assessment*

2026

$20,255 (+3.7%)

$675,000 + $709,700

$1,384,700

2025

$19,532 (+6.5%)

$712,000 + $683,600

$1,395,600

2024

$18,335 (+26.6%)

$665,000 + $680,600

$1,345,600

2023

$14,484 (+6.3%)

$578,000 + $457,000

$1,035,000

2022

$13,621 (+2.9%)

$480,000 + $384,000

$864,000

2021

$13,234 (−2.2%)

$484,000 + $371,000

$855,000

2020

$13,532 (+8.9%)

$484,000 + $355,000

$839,000

2019

$12,426 (−2.6%)

$484,000 + $324,000

$808,000

2018

$12,757 (+25.4%)

$484,000 + $321,000

$805,000

2017

$10,174 (−15.1%)

$484,000 + $222,000

$706,000

2015

$11,986 (+7.6%)

$440,000 + $356,000

$796,000

2014

$11,139 (+3.4%)

$385,000 + $336,000

$721,000

2013

$10,771 (−8.3%)

$347,000 + $345,000

$692,000

2012

$11,745

$435,000 + $347,000

$782,000

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

Public record

Beds

Baths

Stories

1.75

Lot width

50 ft.

Lot depth

270 ft.

Lot size

0.32 Acres

Year renovated

2015

Sq. Ft.

3,425

Year built

1988

Style

Single Family Residential

County

Hennepin County

APN

26 118 22 14 0012

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 20, 2026.

Property details

Parking

Parking Information
Parking Features: Attached Garage, Asphalt
Garage Spaces: 2
Garage Dimensions: 22x22
Garage Sq. Ft.: 484
Garage Door Height: 7
Garage Door Width: 7
Carport Spaces: 0

Interior

Bedroom Information
# of Bedrooms: 2

Bathroom Information
# of Full Baths (Total): 1
# of Three Quarter Baths (Total): 2
# of Half Baths (Total): 1
Description: 3/4 Basement,Main Floor 1/2 Bath,Main Floor 3/4 Bath,Upper Level Full Bath

Room 1 Information
Room Type: Living Room
Room Dimensions: 20x15
Room Level: Main

Room 2 Information
Room Type: Informal Dining Room
Room Dimensions: 11x15
Room Level: Main

Room 3 Information
Room Type: Family Room
Room Dimensions: 15x13
Room Level: Lower

Room 4 Information
Room Type: Kitchen
Room Dimensions: 17x12
Room Level: Main

Room 5 Information
Room Type: Bedroom 1
Room Dimensions: 15x15
Room Level: Main

Room 6 Information
Room Type: Bedroom 2
Room Dimensions: 17x15
Room Level: Upper

Room 7 Information
Room Type: Flex Room
Room Dimensions: 17x15
Room Level: Upper

Room 8 Information
Room Type: Hearth Room
Room Dimensions: 13x9
Room Level: Lower

Room 9 Information
Room Type: Laundry
Room Dimensions: 8x9
Room Level: Main

Room 10 Information
Room Type: Mud Room
Room Dimensions: 9x8
Room Level: Main

Room 11 Information
Room Type: Loft
Room Dimensions: 12x11
Room Level: Upper

Room 12 Information
Room Type: Sun Room
Room Dimensions: 15x20
Room Level: Main

Room 13 Information
Room Type: Den
Room Dimensions: 13x11
Room Level: Lower

Basement Information
Has Basement
Basement Features: Block, Finished, Walkout

Dining Room Information
Dining Room Features: Informal Dining Room

Other Rooms Information
Main Floor Bedroom,Main Floor Laundry

Fireplace Information
Has Fireplace
# of Fireplaces: 2
Fireplace Features: Gas

Heating & Cooling
Heating Information: Baseboard, Forced Air, Radiant Floor
Cooling Information: Central Air

Interior Features
Room Type: Living Room, Informal Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Flex Room, Hearth Room, Laundry, Mud Room, Loft, Sun Room, Den
Appliances: Air-To-Air Exchanger, Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Exhaust Fan, Humidifier, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Water Softener Owned

Exterior

Building Information
Construction Materials: Cedar, Shake Siding
Foundation Area: 1,388
Roof: Age 8 Years or Less

Exterior Features
Patio Porch Type: Deck

Waterfront Information
On Waterfront
Waterfront Features: Dock, Lake Front, Lake View
Water Body Name: Medicine
Waterfront Num: 27010400
Lake Acres: 925
Lake Bottom: Sand,Soft,Weeds
Lake Classification: General Development
Lake Depth: 49
Waterfront Slope: Gradual
Waterfront Elevation: 40+
Waterfront Feet: 55
Road Between Waterfront And Home Y/N: No

Property Information
Above Ground Total Sq. Ft.: 2,016
Below Ground Total Sq. Ft.: 900
FractionalOwnershipYN: No
Property Type: Residential
Property Sub Type: Single Family Residence
Above Grade Finished Area: 2,016
Below Grade Finished Area: 840

Lot Information
Lot Features: Accessible Shoreline, Irregular Lot
Lot Size Area: 0.32
Lot Size Units: Acres
Lot Size Dimensions: 50x270xL55x300
Road Frontage Type: City Street, Paved Streets
Road Responsibility: Public Maintained Road

Financial

Tax Information
Tax Annual Amount: $13,621
Tax Year: 2022
Tax With Assessments: $13,621

Lease / Rent Details
RentalLicense Y/N: No

Financial Information
Conventional

Utilities

Utility Information
Water Source: Private, Well
Electric: Circuit Breakers
Power Company Name: Xcel Energy
Sewer: City Sewer/Connected
Fuel: Electric,Natural Gas

Location

School Information
High School District: Wayzata
School District Number: 284
School District Phone: 763-745-5000

Location Information
Directions: from 169 N, west on hwy 55, right on S shore drive. left on S. Shore drive. Left on Peninsula road, house on right.
Map Coordinate: 105-B1

Public facts

Beds: 1
Baths: 3.0
Sq. Ft.: 3,425
Stories: 1.75
Lot Size: 0.32 acres
Style: Single Family Residential
Year Built: 1988
Year Renovated: 2015
County: Hennepin County
APN: 26 118 22 14 0012

Home facts updated by county records on Jul 20, 2026

Other

Home Information
Living Area: 2856
Main Level Finished Area: 1388.0000
Building Area Total: 2916
Age Of Property: 37
Levels: Modified Two Story

Around this home

Schools

Sunset Hill Elementary School

Public K-5 • Assigned • 2.0mi

8/10

Wayzata East Middle School

Public 6-8 • Assigned • 1.7mi

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

$1.60M – $1.94M

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Home values near 246 Peninsula Rd

Data from public records.

Address	Redfin Estimate
267 Peninsula Road, Medicine Lake, MN 4 Beds \| 3.5 Baths \| 2834 Sq. Ft.	$1,313,093
262 Peninsula Road, Medicine Lake, MN 3 Beds \| 3 Baths \| - Sq. Ft.	$1,386,103

Address	Redfin Estimate
226 Peninsula Road, Medicine Lake, MN 4 Beds \| 3 Baths \| 3834 Sq. Ft.	$1,376,889
238 Peninsula Road, Medicine Lake, MN 2 Beds \| 1 Baths \| - Sq. Ft.	$796,013

Address	Redfin Estimate
241 Peninsula Road, Medicine Lake, MN 3 Beds \| 2 Baths \| 1372 Sq. Ft.	$666,921
240 Peninsula Road, Medicine Lake, MN 2 Beds \| 2.5 Baths \| 2066 Sq. Ft.	$767,051

Property information provided by NORTHSTARMLS as Distributed by MLS Grid when last listed in 2023. This data may not match . Learn more.

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