168 Peninsula Road Medicine Lake, MN 55441

$949,500
Pending
estimated monthly payment
5 Beds  |  3 Baths  |  3,778 Sq Ft  |  Single Family  |  MLS # 7106043
  • RARE MEDICINE LAKE OPPORTUNITY offering 96 FEET OF LAKESHORE + TWO SEPARATE RESIDENCES
    RARE MEDICINE LAKE OPPORTUNITY offering 96 FEET OF LAKESHORE + TWO SEPARATE RESIDENCES
  • TWO SEPARATE RESIDENCES—166 + 168 Peninsula—BEING SOLD TOGETHER in a sought-after peninsula setting, all in WAYZATA SCHOOLS
    TWO SEPARATE RESIDENCES—166 + 168 Peninsula—BEING SOLD TOGETHER in a sought-after peninsula setting, all in WAYZATA SCHOOLS
  • TWO SEPARATE RESIDENCES—166 + 168 Peninsula—BEING SOLD TOGETHER in a sought-after peninsula setting, all in WAYZATA SCHOOLS
    TWO SEPARATE RESIDENCES—166 + 168 Peninsula—BEING SOLD TOGETHER in a sought-after peninsula setting, all in WAYZATA SCHOOLS
  • 96 FEET OF MEDICINE LAKE LAKESHORE
    96 FEET OF MEDICINE LAKE LAKESHORE
  • 30-web-or-mls-168 Peninsula Rd-25.jpg
    30-web-or-mls-168 Peninsula Rd-25.jpg
  • 96 FEET OF MEDICINE LAKE LAKESHORE
    96 FEET OF MEDICINE LAKE LAKESHORE
  • Main Home w/ 4 BRs + Office/Flex Space, real hardwood floors + tons of natural light
    Main Home w/ 4 BRs + Office/Flex Space, real hardwood floors + tons of natural light
  • Filled w/ natural light + lake views featuring real hardwood floors & oversized Family Room w/ floor-to-ceiling stone fireplace.
    Filled w/ natural light + lake views featuring real hardwood floors & oversized Family Room w/ floor-to-ceiling stone fireplace.
  • Filled w/ natural light + lake views featuring real hardwood floors & oversized Family Room w/ floor-to-ceiling stone fireplace.
    Filled w/ natural light + lake views featuring real hardwood floors & oversized Family Room w/ floor-to-ceiling stone fireplace.
  • 50-web-or-mls-168 Peninsula Rd-45.jpg
    50-web-or-mls-168 Peninsula Rd-45.jpg
  • Main Home w/ 4 BRs + Office/Flex Space, real hardwood floors + tons of natural light
    Main Home w/ 4 BRs + Office/Flex Space, real hardwood floors + tons of natural light
  • Filled w/ natural light + lake views featuring real hardwood floors & oversized Family Room w/ floor-to-ceiling stone fireplace.
    Filled w/ natural light + lake views featuring real hardwood floors & oversized Family Room w/ floor-to-ceiling stone fireplace.
  • Double doors open to the Sun Room w/ vaulted ceiling, walls of windows, front walkout + access to the oversized back deck overlooking the property + lake.
    Double doors open to the Sun Room w/ vaulted ceiling, walls of windows, front walkout + access to the oversized back deck overlooking the property + lake.
  • Double doors open to the Sun Room w/ vaulted ceiling, walls of windows, front walkout + access to the oversized back deck overlooking the property + lake.
    Double doors open to the Sun Room w/ vaulted ceiling, walls of windows, front walkout + access to the oversized back deck overlooking the property + lake.
  • Double doors open to the Sun Room w/ vaulted ceiling, walls of windows, front walkout + access to the oversized back deck overlooking the property + lake.
    Double doors open to the Sun Room w/ vaulted ceiling, walls of windows, front walkout + access to the oversized back deck overlooking the property + lake.
  • Double doors open to the Sun Room w/ vaulted ceiling, walls of windows, front walkout + access to the oversized back deck overlooking the property + lake.
    Double doors open to the Sun Room w/ vaulted ceiling, walls of windows, front walkout + access to the oversized back deck overlooking the property + lake.
  • Double doors open to the Sun Room w/ vaulted ceiling, walls of windows, front walkout + access to the oversized back deck overlooking the property + lake.
    Double doors open to the Sun Room w/ vaulted ceiling, walls of windows, front walkout + access to the oversized back deck overlooking the property + lake.
  • Expansive back deck + lake access area are ready for the next owner’s vision, w/ existing stairs to the lake needing to be rebuilt/reworked.
    Expansive back deck + lake access area are ready for the next owner’s vision, w/ existing stairs to the lake needing to be rebuilt/reworked.
  • Expansive back deck + lake access area are ready for the next owner’s vision, w/ existing stairs to the lake needing to be rebuilt/reworked.
    Expansive back deck + lake access area are ready for the next owner’s vision, w/ existing stairs to the lake needing to be rebuilt/reworked.
  • Expansive back deck + lake access area are ready for the next owner’s vision, w/ existing stairs to the lake needing to be rebuilt/reworked.
    Expansive back deck + lake access area are ready for the next owner’s vision, w/ existing stairs to the lake needing to be rebuilt/reworked.
  • Expansive back deck + lake access area are ready for the next owner’s vision, w/ existing stairs to the lake needing to be rebuilt/reworked.
    Expansive back deck + lake access area are ready for the next owner’s vision, w/ existing stairs to the lake needing to be rebuilt/reworked.
  • Incredible lakeshore lot w/ mature trees + privacy.
    Incredible lakeshore lot w/ mature trees + privacy.
  • Incredible lakeshore lot w/ mature trees + privacy.
    Incredible lakeshore lot w/ mature trees + privacy.
  • Incredible lakeshore lot w/ mature trees + privacy.
    Incredible lakeshore lot w/ mature trees + privacy.
  • Kitchen features granite counters, SS apps (inc gas range) & abundant cabinetry.
    Kitchen features granite counters, SS apps (inc gas range) & abundant cabinetry.
  • Kitchen features granite counters, SS apps (inc gas range) & abundant cabinetry.
    Kitchen features granite counters, SS apps (inc gas range) & abundant cabinetry.
  • 43-web-or-mls-168 Peninsula Rd-38.jpg
    43-web-or-mls-168 Peninsula Rd-38.jpg
  • 44-web-or-mls-168 Peninsula Rd-39.jpg
    44-web-or-mls-168 Peninsula Rd-39.jpg
  • 45-web-or-mls-168 Peninsula Rd-40.jpg
    45-web-or-mls-168 Peninsula Rd-40.jpg
  • 46-web-or-mls-168 Peninsula Rd-41.jpg
    46-web-or-mls-168 Peninsula Rd-41.jpg
  • 40-web-or-mls-168 Peninsula Rd-35.jpg
    40-web-or-mls-168 Peninsula Rd-35.jpg
  • 39-web-or-mls-168 Peninsula Rd-34.jpg
    39-web-or-mls-168 Peninsula Rd-34.jpg
  • ML foyer + Flex Room
    ML foyer + Flex Room
  • Flex Room/ Office
    Flex Room/ Office
  • Flex Room/ Office
    Flex Room/ Office
  • ML offers 4 BRs
    ML offers 4 BRs
  • ML offers 4 BRs
    ML offers 4 BRs
  • ML offers 4 BRs
    ML offers 4 BRs
  • 68-web-or-mls-168 Peninsula Rd-63.jpg
    68-web-or-mls-168 Peninsula Rd-63.jpg
  • 38-web-or-mls-168 Peninsula Rd-33.jpg
    38-web-or-mls-168 Peninsula Rd-33.jpg
  • ML bedroom
    ML bedroom
  • ML bedroom
    ML bedroom
  • 59-web-or-mls-168 Peninsula Rd-54.jpg
    59-web-or-mls-168 Peninsula Rd-54.jpg
  • 60-web-or-mls-168 Peninsula Rd-55.jpg
    60-web-or-mls-168 Peninsula Rd-55.jpg
  • ML bedroom w/ walkout to deck
    ML bedroom w/ walkout to deck
  • 62-web-or-mls-168 Peninsula Rd-57.jpg
    62-web-or-mls-168 Peninsula Rd-57.jpg
  • 66-web-or-mls-168 Peninsula Rd-61.jpg
    66-web-or-mls-168 Peninsula Rd-61.jpg
  • 67-web-or-mls-168 Peninsula Rd-62.jpg
    67-web-or-mls-168 Peninsula Rd-62.jpg
  • 69-web-or-mls-168 Peninsula Rd-64.jpg
    69-web-or-mls-168 Peninsula Rd-64.jpg
  • 70-web-or-mls-168 Peninsula Rd-65.jpg
    70-web-or-mls-168 Peninsula Rd-65.jpg
  • GUEST HOUSE | 166 PENINSULA: Separate residence w/ its own driveway + mailbox.
    GUEST HOUSE | 166 PENINSULA: Separate residence w/ its own driveway + mailbox.
  • GUEST HOUSE | 166 PENINSULA: Separate residence w/ its own driveway + mailbox.
    GUEST HOUSE | 166 PENINSULA: Separate residence w/ its own driveway + mailbox.
  • GUEST HOUSE | 166 PENINSULA: Separate residence w/ its own driveway + mailbox.
    GUEST HOUSE | 166 PENINSULA: Separate residence w/ its own driveway + mailbox.
  • GUEST HOUSE | 166 PENINSULA: Separate residence w/ its own driveway + mailbox.
    GUEST HOUSE | 166 PENINSULA: Separate residence w/ its own driveway + mailbox.
  • GUEST HOUSE | 166 PENINSULA: Separate residence w/ its own driveway + mailbox.
    GUEST HOUSE | 166 PENINSULA: Separate residence w/ its own driveway + mailbox.
  • GUEST HOUSE | 166 PENINSULA: Separate residence w/ its own driveway + mailbox.
    GUEST HOUSE | 166 PENINSULA: Separate residence w/ its own driveway + mailbox.
  • Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
    Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
  • Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
    Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
  • Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
    Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
  • Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
    Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
  • Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
    Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
  • Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
    Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
  • Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
    Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
  • Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
    Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
  • Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
    Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
  • Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
    Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
  • Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
    Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
  • Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
    Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
  • 92-web-or-mls-168 Peninsula Rd-87.jpg
    92-web-or-mls-168 Peninsula Rd-87.jpg
  • Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
    Guest House w/ iFull Kitchen, 1 BR + Flex Room, Full Bath & washer/dryer
  • 6-web-or-mls-168 Peninsula Rd-6.jpg
    6-web-or-mls-168 Peninsula Rd-6.jpg
  • 5-web-or-mls-168 Peninsula Rd-5.jpg
    5-web-or-mls-168 Peninsula Rd-5.jpg
  • 2-web-or-mls-168 Peninsula Rd-2.jpg
    2-web-or-mls-168 Peninsula Rd-2.jpg
  • 3-web-or-mls-168 Peninsula Rd-3.jpg
    3-web-or-mls-168 Peninsula Rd-3.jpg
  • 4-web-or-mls-168 Peninsula Rd-4.jpg
    4-web-or-mls-168 Peninsula Rd-4.jpg
  • 29-web-or-mls-168 Peninsula Rd-24.jpg
    29-web-or-mls-168 Peninsula Rd-24.jpg
  • 23-web-or-mls-168 Peninsula Rd-18.jpg
    23-web-or-mls-168 Peninsula Rd-18.jpg
  • Nestled on a peninsula surrounded by water, this special community feels tucked away while still just minutes from Plymouth, Wayzata, Ridgedale, restaurants, shopping + downtown Minneapolis.
    Nestled on a peninsula surrounded by water, this special community feels tucked away while still just minutes from Plymouth, Wayzata, Ridgedale, restaurants, shopping + downtown Minneapolis.
  • Nestled on a peninsula surrounded by water, this special community feels tucked away while still just minutes from Plymouth, Wayzata, Ridgedale, restaurants, shopping + downtown Minneapolis.
    Nestled on a peninsula surrounded by water, this special community feels tucked away while still just minutes from Plymouth, Wayzata, Ridgedale, restaurants, shopping + downtown Minneapolis.
  • 31-web-or-mls-168 Peninsula Rd-26.jpg
    31-web-or-mls-168 Peninsula Rd-26.jpg
  • 24-web-or-mls-168 Peninsula Rd-19.jpg
    24-web-or-mls-168 Peninsula Rd-19.jpg
  • A unique opportunity to own 96 feet of Medicine Lake shoreline + two separate residences and bring your ideas + vision to reimagine this property and make it your own.
    A unique opportunity to own 96 feet of Medicine Lake shoreline + two separate residences and bring your ideas + vision to reimagine this property and make it your own.
  • Nestled on a peninsula surrounded by water, this special community feels tucked away while still just minutes from Plymouth, Wayzata, Ridgedale, restaurants, shopping + downtown Minneapolis.
    Nestled on a peninsula surrounded by water, this special community feels tucked away while still just minutes from Plymouth, Wayzata, Ridgedale, restaurants, shopping + downtown Minneapolis.
  • Located in the City of Medicine Lake—a hidden gem w/ a small-town lake community feel tucked into the heart of the West Metro.
    Located in the City of Medicine Lake—a hidden gem w/ a small-town lake community feel tucked into the heart of the West Metro.
  • 16-web-or-mls-Stock Photos 1.jpg
    16-web-or-mls-Stock Photos 1.jpg
  • Located in the City of Medicine Lake—a hidden gem w/ a small-town lake community feel tucked into the heart of the West Metro.
    Located in the City of Medicine Lake—a hidden gem w/ a small-town lake community feel tucked into the heart of the West Metro.
  • Walk to the newly renovated park at the end of the peninsula w/ pavilion, pickleball, tennis + basketball courts & new playground.
    Walk to the newly renovated park at the end of the peninsula w/ pavilion, pickleball, tennis + basketball courts & new playground.
  • Walk to the newly renovated park at the end of the peninsula w/ pavilion, pickleball, tennis + basketball courts & new playground.
    Walk to the newly renovated park at the end of the peninsula w/ pavilion, pickleball, tennis + basketball courts & new playground.
  • Walk to the newly renovated park at the end of the peninsula w/ pavilion, pickleball, tennis + basketball courts & new playground.
    Walk to the newly renovated park at the end of the peninsula w/ pavilion, pickleball, tennis + basketball courts & new playground.

About The Listing

All offers due by noon Wednesday, 11/4/26. RARE MEDICINE LAKE OPPORTUNITY offering 96 FEET OF LAKESHORE + TWO SEPARATE RESIDENCES—166 + 168 Peninsula—BEING SOLD TOGETHER in a sought-after peninsula setting, all in WAYZATA SCHOOLS. Located in the City of Medicine Lake—a hidden gem w/ a small-town lake community feel tucked into the heart of the West Metro. MAIN HOME | 168 PENINSULA: Filled w/ natural light + lake views featuring real hardwood floors & oversized Family Room w/ floor-to-ceiling stone fireplace. Double doors open to the Sun Room w/ vaulted ceiling, walls of windows, front walkout + access to the oversized back deck overlooking the property + lake. Kitchen features granite counters, SS apps (inc gas range) & abundant cabinetry. ML offers 4 BRs + Office/Flex Space & 2 BAs. Two BRs feature vaulted ceilings + share an updated 3/4 Bath. Primary Bedroom features built-ins + private walkout to the deck overlooking the lake. LL includes Laundry Room, tuck-under garage + HUGE Storage Room w/ crawl space. OVER $50,000 IN RECENT REPAIRS, MAINTENANCE + IMPROVEMENTS, including a FULL ROOF REPLACEMENT SEPT 2026 + new soffits, fascia & gutters on a portion of the back of the home—SEE SUPPLEMENTS for details. Incredible lakeshore lot w/ mature trees + privacy. Expansive back deck + lake access area are ready for the next owner’s vision, w/ existing stairs to the lake needing to be rebuilt/reworked. Addt’l front patio surrounded by mature landscaping. GUEST HOUSE | 166 PENINSULA: Separate residence w/ its own driveway + mailbox. Full Kitchen w/ oven opens to Informal Dining + Family Room w/ fireplace & walkout to backyard. ML also features 1 BR + Flex Room, Full Bath & washer/dryer. Addt’l shed for storage. Guest House was recently tenant occupied + has previously been used as a rental; future rental use would require buyer to apply for a new rental license + complete required City inspection/approval. 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 the 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 while still just minutes from Plymouth, Wayzata, Ridgedale, restaurants, shopping + downtown Minneapolis. A unique opportunity to own 96 feet of Medicine Lake shoreline + two separate residences and bring your ideas + vision to reimagine this property and make it your own.


Listing courtesy of BROWN & Co Residential, eXp Realty
Purchase Price
Loan Type
Down Payment
Interest Rate
Estimated Property Taxes
Homeowner's Insurance
HOA Dues
Private Mortgage Insurance
Ask a Question
Your message has been sent.
Oops! that doesn't seem right.
SEND
Sign Up for a Free Monthly Market Report
Never miss out on the latest stats trends and homes in your community.
Get It Now

Property Details

Features

 
 
 
Property Type: Single Family
Status: Pending
Contingency Type: None
Year Built: 1955
MLS #: 7106043
Bedrooms: 5
Square Feet: 3,778
Bathrooms (Full): 2
Price Per Square Foot: $251
Bathrooms (Half) : 0
Bathrooms (Three Quarters) : 1
Garage Spaces: 2
Parking Description: Attached Garage, Tuckunder Garage
Sewer Description: City Sewer/Connected
Air Conditioning Type: Central Air
Water: City Water - In Street, Well
Heat Type: Forced Air
Basement: Partially Finished
Foundation Type: Block
Roof Description: Age Over 8 Years
Days On Market (Continuous): 43
Disability Features: None
Latest Update: 11/10/2026
List Date: 09/15/2026
Listing Agent ID: 502043623
Listing Office: eXp Realty
Listing Office ID: 26146
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Laundry Features: Main Level
Number of Fireplaces: 1
Exterior Features: Brick Veneer, Cement Board
Lot Dimensions: 84x338x96x305
Lot Size: 0.65 Acres
View Description: Lake
Waterfront: Lake Front
School District: Wayzata
Tax Year: 2026
Estimated Taxes: $15,043
Contingency Type: None
City: Medicine Lake
Zip: 55441
County: Hennepin
Subdivision: Medicine Lake Park 1st Div
State: MN

Similar Homes

Listing last updated: 11/10/26

® Copyright 2025 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. 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 the owner of this website are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Digital Millennium Copyright Act (DMCA) Notice The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to Michael Bisping, Director, Customer Relations, Regional Multiple Listing Service of Minnesota, Inc, 2550 University Avenue West, Suite 259S Saint Paul, MN 55114 or by email to mbisping@northstarmls.com. Questions can be directed by phone to 651-251-3200. The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint. Information Deemed Reliable but not guaranteed.