Beautiful Medicine Lake living. One of the only large, fully recreational lakes in the heart of the city. Just 7 miles to the North Loop, 5 miles to downtown Wayzata, and 20 miles to the airport. Enjoy sweeping lake views from the fully remodeled main level and from the upper-level primary suite and office. The chef’s kitchen features Sub-Zero and Wolf appliances, stunning custom quartz waterfall countertops, and rich walnut cabinetry. The main floor also includes a newly remodeled ¾ bath and an expanded, maintenance-free deck overlooking the lake and professionally landscaped yard. Upstairs, the primary suite and office showcase hardwood floors and panoramic lake views. The spa-like bath includes a walk-in tile shower, while the oversized walk-in closet features a center island dresser. The walkout lower level offers two family rooms, a ¾ bath with steam shower, and an incredible 40’x20’ sport court with two basketball hoops and batting cage—ideal for customization into a golf simulator, yoga studio, or gym. The backyard is a true retreat, with extensive landscaping and a Paladium Plunge Pool (Spa) that functions as both a hot tub and pool. Energy-efficient solar panels (installed 2016, credits through 2026) and a camera-wired home security system (2022) add modern convenience. All this within award-winning Wayzata Schools, with groomed cross-country ski trails on the lake and the Luce Line Trail just steps away.
Closed
$1,650,000
176 Peninsula Rd, Medicine Lake, MN 55441
4beds
4,651sqft
Single Family Residence
Built in 1925
0.3 Acres Lot
$1,656,800 Zestimate®
$355/sqft
$4,118 Estimated rent
Home value
$1,656,800
$1.54M - $1.79M
$4,118/mo
Zestimate® history
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Zillow last checked: 7 hours ago
Listing updated: February 02, 2026 at 11:51am
Listed by:
Matt P Engen 612-817-2805,
RE/MAX Results
Bought with:
Jessica McCarthy
Real Broker, LLC
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6796833
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 2
Bedroom
- Level: Upper
- Area: 288 Square Feet
- Dimensions: 24x12
Bedroom 2
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Bedroom 3
- Level: Main
- Area: 117 Square Feet
- Dimensions: 13x9
Bedroom 4
- Level: Lower
- Area: 336 Square Feet
- Dimensions: 28x12
Other
- Level: Lower
- Area: 700 Square Feet
- Dimensions: 35x20
Deck
- Level: Main
- Area: 455 Square Feet
- Dimensions: 35x13
Dining room
- Level: Main
- Area: 252 Square Feet
- Dimensions: 18x14
Family room
- Level: Lower
- Area: 399 Square Feet
- Dimensions: 21x19
Kitchen
- Level: Main
- Area: 360 Square Feet
- Dimensions: 20x18
Laundry
- Level: Main
- Area: 56 Square Feet
- Dimensions: 8x7
Living room
- Level: Main
- Area: 400 Square Feet
- Dimensions: 25x16
Patio
- Level: Lower
- Area: 160 Square Feet
- Dimensions: 20x8
Recreation room
- Level: Lower
- Area: 286 Square Feet
- Dimensions: 26x11
Heating
- Ductless Mini-Split, Forced Air
Cooling
- Central Air, Ductless Mini-Split, Dual
Appliances
- Included: Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Water Filtration System, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer, Wine Cooler
- Laundry: Laundry Room, Main Level
Features
- Basement: Block,Drain Tiled,Egress Window(s),Finished,Full,Tile Shower,Walk-Out Access
Interior area
- Total structure area: 4,651
- Total interior livable area: 4,651 sqft
- Finished area above ground: 2,541
- Finished area below ground: 2,110
Property
Parking
- Total spaces: 3
- Parking features: Detached Garage, Concrete, Electric Vehicle Charging Station(s), Garage Door Opener, Guest
- Garage spaces: 3
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Modified Two Story
- Stories: 2
- Patio & porch: Composite Decking, Deck, Patio
- Has view: Yes
- View description: East
- Waterfront features: Lake Front, Waterfront Elevation(0-4), Lake Bottom(Sand)
- Frontage length: Water Frontage: 50
Lot
- Size: 0.30 Acres
- Dimensions: 255 x 50
- Features: Tree Coverage - Medium
Details
- Additional structures: Pool House
- Foundation area: 1632
- Parcel number: 2511822230003
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block
- Roof: Age 8 Years or Less,Architectural Shingle
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Electric: Circuit Breakers, Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Medicine Lake
- Subdivision: Medicine Lake Park 1st Div
HOA & financial
HOA
- Has HOA: No
Price history
| Date | Event | Price |
|---|---|---|
| 1/27/2026 | Sold | $1,650,000$355/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6796833 Report a problem | ||
| 12/19/2025 | Pending sale | $1,650,000$355/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6796833 Report a problem | ||
| 9/30/2025 | Listed for sale | $1,650,000-4.1%$355/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6796833 Report a problem | ||
| 9/30/2025 | Listing removed | $1,720,000$370/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6750492 Report a problem | ||
| 9/3/2025 | Price change | $1,720,000-4.2%$370/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6750492 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $22,072 +7.4% | $1,562,000 -0.2% |
| 2024 | $20,547 +27.6% | $1,565,800 +4.6% |
| 2023 | $16,105 +7.2% | $1,497,600 +31.3% |
Find assessor info on the county website
Neighborhood: 55441
Nearby schools
GreatSchools rating
- 7/10Sunset Hill Elementary SchoolGrades: K-5Distance: 1.9 mi
- 9/10Wayzata East Middle SchoolGrades: 6-8Distance: 1.6 mi
- 10/10Wayzata High SchoolGrades: 9-12Distance: 5.5 mi
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Estimated market value
$1,656,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,656,800
- Minnesota
- Hennepin County
- Medicine Lake
- 55441
- 176 Peninsula Rd