$699,900
Off-Market Date: 04/24/2026115 Peninsula Road Medicine Lake, MN 55441
Pending MLS# 6811562
6 beds 4 baths 2,950 sq ft Multi-family
Details for 115 Peninsula Road
MLS# 6811562
Description for 115 Peninsula Road, Medicine Lake, MN, 55441
A rare gem in the heart of Medicine Lake, this exceptional owner-occupied duplex is a dream opportunity for both investors and homeowners alike. Featuring two generously sized units, each offering updated kitchens, three bedrooms, and two bathrooms, this property effortlessly combines comfort and practicality.Set on a sprawling half-acre lot, you'll enjoy plenty of yard space, mature trees for added privacy, and the convenience of a three-car detached garage. Nestled in the prestigious Wayzata school district and surrounded by multi-million-dollar homes, this is the only single-owner duplex in Medicine Lake—a truly unique find.Location is key, and this property shines with its proximity to the Luce Line Trail system, Medicine Lake Regional Parks, and a quick 15-minute drive to downtown Minneapolis. For investors, Unit 2 has been rented on a month-to-month basis since 2019 at $1,900 per month, with tenants covering separate utilities—making it a hassle-free income stream.Don’t miss your chance to own this one-of-a-kind property in a highly sought-after community. Whether you're looking to invest or create your own tranquil retreat, Medicine Lake offers the lifestyle and location you’ve been waiting for.
Listing Information
Property Type: Multi-family, Duplex Side by Side
Status: Pending
Bedrooms: 6
Bathrooms: 4
Lot Size: 0.57 Acres
Square Feet: 2,950 sq ft
Year Built: 1961
Foundation: 1,700 sq ft
Garage: Yes
Stories: 1 Story
Subdivision: Medicine Lake Park 1st Div
Number Of Units Total: 2
County: Hennepin
Days On Market: 50
Construction Status: Previously Owned
School Information
District: 284 - Wayzata
Additonal Room Information
Laundry: Lower Level
Interior Features
Square Footage above: 1,700 sq ft
Square Footage below: 1,250 sq ft
Basement: Concrete Block
Utilities
Water: Well, City Water - In Street
Sewer: City Sewer/Connected
Heating: Forced Air, Natural Gas
Exterior / Lot Features
Garage Spaces: 3
Open Parking: 2
Parking Description: Multiple Garages, Shared Garage/Stall, Detached Garage, Driveway - Asphalt, Garage Dimensions - 33x25, Garage Door Height - 7, Garage Sq Ft - 825.0
Exterior: Cement Board
Roof: Age 8 Years or Less
Lot Dimensions: 120x200
Zoning: Residential-Multi-Family
Topography: Sloped
Additional Exterior/Lot Features: Corner Lot, Irregular Lot, Tree Coverage - Light, Road Frontage - City
Unit Information
Unit 1 Units Total: 2
Unit 1 Actual Rent: 1900
Unit 1 Baths Total: 2
Unit 1 Beds Total: 3
Unit 1 Rooms Total: 7
Driving Directions
169 N to hwy 55 W. to S Shore Dr. N (right) Left on S. Shore Drive. Left on Peninsula road. house on left.
Financial Considerations
Owner Pays: Exterior Maintenance,Grounds Care,Insurance,Sewer,Taxes,Trash
Gross Income: 22800
Tax/Property ID: 2511822330040
Tax Amount: 8306
Tax Year: 2025
HomeStead Description: Homesteaded
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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.
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Sales History & Tax Summary for 115 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 115 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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