OFF MARKET

Off Market Oct 2023 for $1.7M

$2,270,882

Est. refi paymentEst. refi $6,193/mo

•

—

sq ft

264 Peninsula Rd, Medicine Lake, MN 55441

About this home

Welcome to 264 Peninsula Road, situated on one of the most desirable lots on the fully recreational Medicine Lake (less than 15 minutes from downtown). Renovated in 1998 to enjoy lake life to its fullest, the home is an entertainer's dream with just under 5000 finished sqft. This 4 bedroom, 4 bath open floor plan has a modern flair with multiple entertaining spaces. 3 decks are strategically placed on the property to enjoy the lake activity and sunsets. The home was designed with lake views in mind offering unobstructed views from front to back. A very private lake side includes a four-season porch, 2 decks on the lake side that lead down a large patio with outdoor bar, screened area surrounding a 25x15' heated salt plunge pool and hot tub. The home has 123 ft of sandy shoreline and the like-new aluminum 80ft dock and platform come with the home. With new interior and exterior paint, this home is move-in ready.

Single-familyProperty Type

1961Year Built

0.41 acresLot Size

3 car garageParking

Listed by Jesse Swanson • Compass

Redfin checked: a minute ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #6443397

Redfin Estimate

$2,270,882

$486K since sold in October 2023$131K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 128.9% higher than the average sale price ($992K) of 6 comparable homes.

SOLD JUL 17, 2026
$1,750,000
A
5 beds4 baths— sq ft
178 Peninsula Rd, Medicine Lake, MN 55441
SOLD JUN 29, 2026
$550,000
B
4 beds3 baths— sq ft
12715 27th Ave N, Plymouth, MN 55441
SOLD JUL 24, 2026
$530,000
C
4 beds2 baths— sq ft
2635 Norwood Ln N, Plymouth, MN 55441
SOLD JUL 10, 2026
$536,000
D
4 beds3 baths— sq ft
11730 27th Ave N, Plymouth, MN 55441
SOLD JAN 6, 2026
$936,750
E
4 beds4 baths— sq ft
10215 27th Ave N, Plymouth, MN 55441
SOLD JAN 27, 2026
$1,650,000
F
4 beds3 baths— sq ft
176 Peninsula Rd, Medicine Lake, MN 55441

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Earn from this home

Sell

$785,449

Est. take-home

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Refinance

Est. cash available

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Rent

$4,018/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

NEW 5 HRS AGO
$385,000
5 beds2 baths2,208 sq ft
1010 Kirkwood Ln N, Plymouth, MN 55441
$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
COMING SOON
$750,000
5 beds4 baths3,730 sq ft
12515 Sunset Trl 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
OPEN SAT, 12PM TO 2PM
$425,000
4 beds3 baths2,532 sq ft
4270 Quaker Ln N, Plymouth, MN 55441
See all

Provided by Redfin

Sale history for 264 Peninsula Rd

Year

Property tax

Land + Additions

Assessment*

2026

$24,899 (+2.2%)

$877,500 + $804,700

$1,682,200

2025

$24,355 (+9.7%)

$925,600 + $793,300

$1,718,900

2024

$22,207 (+7.9%)

$864,500 + $747,100

$1,611,600

2023

$20,572 (+6.4%)

$751,000 + $682,000

$1,433,000

2022

$19,336 (+0.2%)

$624,000 + $565,000

$1,189,000

2021

$19,300 (−3.0%)

$653,000 + $554,000

$1,207,000

2020

$19,903 (+6.2%)

$653,000 + $540,000

$1,193,000

2019

$18,745 (−2.7%)

$640,000 + $535,000

$1,175,000

2018

$19,259 (+8.3%)

$640,000 + $531,000

$1,171,000

2017

$17,782 (+12.5%)

$640,000 + $528,000

$1,168,000

2015

$15,805 (+5.1%)

$524,000 + $498,000

$1,022,000

2014

$15,043 (−0.8%)

$474,000 + $469,000

$943,000

2013

$15,161 (−8.3%)

$451,000 + $487,000

$938,000

2012

$16,541

$575,000 + $490,000

$1,065,000

Tax history for 264 Peninsula Rd

Year

Property tax

Land + Additions

Assessment*

2026

$24,899 (+2.2%)

$877,500 + $804,700

$1,682,200

2025

$24,355 (+9.7%)

$925,600 + $793,300

$1,718,900

2024

$22,207 (+7.9%)

$864,500 + $747,100

$1,611,600

2023

$20,572 (+6.4%)

$751,000 + $682,000

$1,433,000

2022

$19,336 (+0.2%)

$624,000 + $565,000

$1,189,000

2021

$19,300 (−3.0%)

$653,000 + $554,000

$1,207,000

2020

$19,903 (+6.2%)

$653,000 + $540,000

$1,193,000

2019

$18,745 (−2.7%)

$640,000 + $535,000

$1,175,000

2018

$19,259 (+8.3%)

$640,000 + $531,000

$1,171,000

2017

$17,782 (+12.5%)

$640,000 + $528,000

$1,168,000

2015

$15,805 (+5.1%)

$524,000 + $498,000

$1,022,000

2014

$15,043 (−0.8%)

$474,000 + $469,000

$943,000

2013

$15,161 (−8.3%)

$451,000 + $487,000

$938,000

2012

$16,541

$575,000 + $490,000

$1,065,000

*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

3.5

Stories

Lot width

30 ft.

Lot depth

325 ft.

Lot size

0.41 Acres

Year renovated

1995

Sq. Ft.

4,932

Year built

1961

Style

Single Family Residential

County

Hennepin County

APN

26 118 22 14 0042

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, Driveway - Other Surface, Heated Garage
Garage Spaces: 3
Garage Dimensions: 26x26
Garage Sq. Ft.: 676
Garage Door Height: 7
Garage Door Width: 18
Carport Spaces: -47

Interior

Bedroom Information
# of Bedrooms: 4

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

Room 1 Information
Room Type: Living Room
Room Dimensions: 13x18
Room Level: Main

Room 2 Information
Room Type: Dining Room
Room Dimensions: 13x22
Room Level: Main

Room 3 Information
Room Type: Family Room
Room Dimensions: 12x20
Room Level: Main

Room 4 Information
Room Type: Informal Dining Room
Room Dimensions: 12x10
Room Level: Main

Room 5 Information
Room Type: Bedroom 1
Room Dimensions: 24x14
Room Level: Upper

Room 6 Information
Room Type: Bedroom 2
Room Dimensions: 14x12
Room Level: Upper

Room 7 Information
Room Type: Bedroom 3
Room Dimensions: 11x15
Room Level: Upper

Room 8 Information
Room Type: Laundry
Room Dimensions: 6x8
Room Level: Upper

Room 9 Information
Room Type: Kitchen
Room Dimensions: 26x12
Room Level: Main

Room 10 Information
Room Type: Bedroom 4
Room Dimensions: 11x14
Room Level: Lower

Room 11 Information
Room Type: Office
Room Dimensions: 11x8
Room Level: Main

Room 12 Information
Room Type: Porch
Room Dimensions: 12x14
Room Level: Main

Room 13 Information
Room Type: Bonus Room
Room Dimensions: 25x14
Room Level: Upper

Room 14 Information
Room Type: Recreation Room
Room Dimensions: 24x24
Room Level: Lower

Room 15 Information
Room Type: Den
Room Dimensions: 24x26
Room Level: Main

Room 16 Information
Room Type: Garage
Room Dimensions: 26x26
Room Level: Lower

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

Dining Room Information
Dining Room Features: Separate/Formal Dining Room

Other Rooms Information
Primary Bdr Suite

Fireplace Information
Has Fireplace
# of Fireplaces: 4
Fireplace Features: Amusement Room, Circulating, Family Room, Full Masonry, Gas, Living Room, Primary Bedroom

Heating & Cooling
Heating Information: Baseboard, Forced Air, Fireplace(s), Radiant Floor
Cooling Information: Central Air

Interior Features
Room Type: Living Room, Dining Room, Family Room, Informal Dining Room, Bedroom 1, Bedroom 2, Bedroom 3, Laundry, Kitchen, Bedroom 4, Office, Porch, Bonus Room, Recreation Room, Den, Garage
Appliances: Central Vacuum, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Humidifier, Iron Filter, Microwave, Refrigerator

Exterior

Building Information
Construction Materials: Engineered Wood, Stucco
Foundation Area: 1,200
Roof: Age Over 8 Years

Exterior Features
Patio Porch Type: Deck,Patio,Screened,Side Porch
Fencing: None

Pool Information
Pool Features: Below Ground, Heated

Waterfront Information
On Waterfront
Waterfront Features: Lake Front
Water Body Name: Medicine
Waterfront Num: 27010400
Lake Acres: 925
Lake Bottom: Sand,Weeds
Lake Classification: General Development
Lake Depth: 49
Waterfront Slope: Gradual
Waterfront Elevation: 15-26
Waterfront Feet: 123
Road Between Waterfront And Home Y/N: No

Property Information
Above Ground Total Sq. Ft.: 4,090
Below Ground Total Sq. Ft.: 900
FractionalOwnershipYN: No
Property Type: Residential
Property Sub Type: Single Family Residence
Above Grade Finished Area: 4,090
Below Grade Finished Area: 900
Amenities: Balcony,Cable,Ceiling Fan(s),Deck,Dock,Ethernet Wired,Hardwood Floors,Hot Tub,Kitchen Window,Primary Bedroom Walk-In Closet,Patio,Paneled Doors,Porch,Skylight,In-Ground Sprinkler,Tile Floors,Washer/Dryer Hookup

Lot Information
Lot Features: Irregular Lot
Lot Size Area: 0.41
Lot Size Units: Acres
Lot Size Dimensions: irregular
Road Frontage Type: City Street
Road Responsibility: Public Maintained Road

Financial

Tax Information
Tax Annual Amount: $20,572
Tax Year: 2023
Tax With Assessments: $20,572

Lease / Rent Details
RentalLicense Y/N: No

Financial Information
Conventional

Utilities

Utility Information
Water Source: Well
Electric: Circuit Breakers
Power Company Name: Xcel Energy
Sewer: City Sewer - In Street
Fuel: Electric,Natural Gas

Location

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

Location Information
Directions: 169 to Hwy 55 W. to S. shore Drive. North on Peninsula road home is on the Right.
Map Coordinate: 105-B1

Public facts

Beds: 5
Baths: 3.5
Sq. Ft.: 4,932
Stories: 2.0
Lot Size: 0.41 acres
Style: Single Family Residential
Year Built: 1961
Year Renovated: 1995
County: Hennepin County
APN: 26 118 22 14 0042

Home facts updated by county records on Jul 20, 2026

Other

Home Information
Living Area: 4990
Main Level Finished Area: 2438.0000
Building Area Total: 4990
Age Of Property: 64
Levels: Two

Around this home

Schools

Sunset Hill Elementary School

Public K-5 • Assigned • 1.9mi

8/10

Wayzata East Middle School

Public 6-8 • Assigned • 1.7mi

9/10

Wayzata High School

Public 9-12 • Assigned • 5.1mi

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

6 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

$2.16M – $2.61M

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Nearby similar homes

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3D WALKTHROUGH

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New listings for sale in 55441

NEW 5 HRS AGO

$385,000

5 beds2 baths2,208 sq ft

1010 Kirkwood Ln N, Plymouth, MN 55441

$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 2PM3D WALKTHROUGH

$349,900

3 beds2 baths1,544 sq ft

3531 Pilgrim Ln N, Plymouth, MN 55441

COMING SOON

$750,000

5 beds4 baths3,730 sq ft

12515 Sunset Trl 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

Home values near 264 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
241 Peninsula Road, Medicine Lake, MN 3 Beds \| 2 Baths \| 1372 Sq. Ft.	$666,921
238 Peninsula Road, Medicine Lake, MN 2 Beds \| 1 Baths \| - Sq. Ft.	$796,013

Address	Redfin Estimate
246 Peninsula Road, Medicine Lake, MN 2 Beds \| 4 Baths \| - Sq. Ft.	$1,688,261
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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