$1,700,000
Off-Market Date: 05/31/2026178 Peninsula Road Medicine Lake, MN 55441 - Medicine Lake
Pending MLS# 7058094
5 beds 4 baths 4,001 sq ft Single Family
Details for 178 Peninsula Road
MLS# 7058094
Description for 178 Peninsula Road, Medicine Lake, MN, 55441 - Medicine Lake
Offer Received- OFFERS DUE by 4PM on Sunday, 5/31/26. This one is MAGICAL. The kind of opportunity buyers wait decades for. UPDATED + STUNNING w/ 50 ft of lakeshore on sought-after Medicine Lake in top-rated WAYZATA SCHOOLS. Turnkey, move-in ready & meticulously maintained w/ expansive lake views on all 3 levels. Floor-to-ceiling windows span the width of the home, flooding spaces w/ natural light & bringing lake life into nearly every room. Recently updated throughout w/ designer touches & wood flooring on ML. Renovated Gourmet Kitchen w/ quartz counters & backsplash, center island, ceramic sink, SS apps (inc gas cooktop) opens to informal Dining & Living Room w/ dramatic floor-to-ceiling 2-sided stone fireplace & Formal Dining w/ built-ins. Walk out to oversized deck w/ modern cable railing overlooking the lake—an incredible extension of the living space to relax, entertain & enjoy expansive water views plus the peaceful setting w/ eagles, loons, swans & beautiful lake wildlife often nearby. ML also includes 2 Beds both opening to oversized deck above garage. UL w/ stunning Primary Suite featuring vaulted ceilings, floor-to-ceiling stone fireplace, expansive lake views, walk-in closet w/ organizational system & spa-like renovated Bath w/ stand-alone tub, tiled shower, dual sinks & quartz counters. UL also includes addt’l Bed/Office/Flex Space & tons of hidden storage. Walkout LL w/ floor-to-ceiling windows, Family Room w/ stone fireplace, gaming space & full wet bar w/ soapstone counters, white cabinetry, full range, refrigerator, microwave & sitting area. LL also w/ addt’l Bed, 3/4 Bath & Laundry Room w/ front-load washer/dryer. Walk out to LL deck w/ Jacuzzi hot tub (included), sitting area, expansive yard & stairs leading to the lake. Storage shed + storage box included. NEW ROOF in 2019. **Extensively upgraded since purchase ($450K-$500K invested), pls see supplement for full list of improvements.** Enjoy lake life on Medicine Lake—the 2nd largest lake in Hennepin County—offering boating, kayaking, paddle boarding, fishing & miles of trails for walking, running & biking. Walk to newly renovated park at the end of the peninsula w/ pavilion, pickleball, tennis, basketball courts + new playground. Nestled on a peninsula surrounded by water, this special community feels tucked away & peaceful while still being just minutes from Plymouth, Wayzata, Ridgedale, restaurants, shops & downtown Minneapolis. Surrounded by nature, it feels up north while still enjoying all the conveniences of the city. AN ABSOLUTE GEM!
Listing Information
Property Type: Residential, Single Family
Status: Pending
Bedrooms: 5
Bathrooms: 4
Lot Size: 0.28 Acres
Square Feet: 4,001 sq ft
Year Built: 1978
Foundation: 1,618 sq ft
Garage: Yes
Stories: 2 Stories
Subdivision: Medicine Lake Park 1st Div
County: Hennepin
Days On Market: 2
Construction Status: Previously Owned
School Information
District: 284 - Wayzata
Room Information
Main Floor
Bedroom 1: 13.5x11.5
Bedroom 2: 14 x 9.5
Dining Room: 16x8
Informal Dining Room: 10.5x9
Kitchen: 15x9
Living Room: 20x13
Upper Floor
Bedroom 3: 17.5x13.5
Bedroom 4: 15x14
Primary Bath: 11x10
Walk-In Closet: 9x8.5
Lower Floor
Bedroom 5: 14x12.5
Family Room: 15.4x14
Laundry: 9x9
Mud Room: 13x9
Office: 10.5x8
Recreation Room: 17.5x12.5
Second Kitchen: 13.5x12
Bathrooms
Full Baths: 2
3/4 Baths: 1
1/2 Baths: 1
Additonal Room Information
Family: Family Room,Great Room
Dining: Eat In Kitchen,Separate/Formal Dining Room
Bath Description: 3/4 Basement,Full Primary,Main Floor 1/2 Bath,Main Floor Full Bath
Interior Features
Square Footage above: 4,001 sq ft
Appliances: Water Softener - Owned, Furnace Humidifier
Basement: Finished (Livable), Full
Fireplaces: 3, Family Room, Living Room, Wood Burning, Primary Bedroom
Additional Interior Features: Hardwood Floors, Kitchen Window, Vaulted Ceiling(s), Main Floor Bedroom, Kitchen Center Island
Utilities
Water: Well
Sewer: City Sewer/Connected
Cooling: Central
Heating: Forced Air, Natural Gas
Exterior / Lot Features
Attached Garage: Attached Garage
Garage Spaces: 2
Parking Description: Attached Garage, Garage Sq Ft - 535.0
Exterior: Brick/Stone, Cement Board
Roof: Age 8 Years or Less
Lot View: Lake
Lot Dimensions: 50x244x50x252
Zoning: Residential-Single Family
Additional Exterior/Lot Features: Patio, Deck, Balcony, In-Ground Sprinkler, Island/Peninsula, Road Frontage - City
Waterfront Details
Standard Water Body: Medicine Lake
DNR Lake ID: 27010400
Water Front Features: Lake Front
Water Frontage Length: 50 Ft.
Lake Acres: 924
Lake Depth: 49 Ft.
Lake Bottom: Sand
Driving Directions
HWY 55 to 169 North to 13th Ave N exit. At bottom of exit, take left on 13th Ave N. Stay on 13th Ave N and do NOT turn on Nathan Ln N. Continue to S Shore Dr, go west to Peninsula Rd and follow the lake. Home will be on the right.
Financial Considerations
Tax/Property ID: 2511822230004
Tax Amount: 18640
Tax Year: 2025
HomeStead Description: Homesteaded
A broker reciprocity listing courtesy: eXp Realty
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Sales History & Tax Summary for 178 Peninsula Road
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 178 Peninsula Road
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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