Rare Medicine Lake opportunity! Enjoy 100 feet of level, south-facing lakeshore on nearly one acre. Tucked at the end of a long private drive, this exceptional property offers a peaceful, secluded setting with an “up north” feel—just 15 minutes from downtown Minneapolis.
The home features true one-level living and is filled with natural light, showcasing beautiful lake views throughout. Whether you’re looking to enjoy the home as-is, renovate, or expand the footprint, the nearly acre-sized lot and premium shoreline create outstanding long-term potential.
The renovated kitchen blends timeless style with modern function, featuring white upper cabinets, navy lower cabinets, granite countertops, designer tile backsplash, stainless-steel appliances, and a center island with beverage fridge. The eat-in kitchen opens directly to a spacious maintenance-free deck with sun shading pergola, perfect for outdoor dining, entertaining, or relaxing while taking in sunset views over the lake.
A vaulted informal dining and family room with fireplace and custom built-ins provides a warm and inviting space for gatherings.
Located on the peninsula in the charming Village of Medicine Lake, this property offers a unique small-town atmosphere while being part of the Wayzata School District.
Survey available. One owner home. Lakefront properties with this much level shoreline and land are incredibly rare—don’t miss this opportunity.
Active
$1,000,000
217 Peninsula Rd, Medicine Lake, MN 55441
2beds
1,400sqft
Est.:
Residential
Built in 1983
0.89 Acres Lot
$-- Zestimate®
$714/sqft
$-- HOA
What's special
True one-level livingSpacious maintenance-free deckBeautiful lake views throughoutNearly one acreFilled with natural lightSun shading pergolaCustom built-ins
- 6 days |
- 2,654 |
- 57 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: 12 hours ago
Listed by:
Andrew Baer 612-296-2999,
Edina Realty, Inc.,
Jennifer L Morris 952-937-8600
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7027357
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Bedroom
- Level: Main
- Area: 170 Square Feet
- Dimensions: 17x10
Bedroom 2
- Level: Main
- Area: 162 Square Feet
- Dimensions: 18x9
Deck
- Level: Main
- Area: 380 Square Feet
- Dimensions: 20x19
Deck
- Level: Main
- Area: 63 Square Feet
- Dimensions: 9x7
Dining room
- Level: Main
- Area: 140 Square Feet
- Dimensions: 14x10
Family room
- Level: Main
- Area: 238 Square Feet
- Dimensions: 17x14
Garage
- Level: Upper
- Area: 520 Square Feet
- Dimensions: 26x20
Informal dining room
- Level: Main
- Area: 72 Square Feet
- Dimensions: 9x8
Kitchen
- Level: Main
- Area: 108 Square Feet
- Dimensions: 12x9
Laundry
- Level: Main
- Area: 30 Square Feet
- Dimensions: 6x5
Heating
- Baseboard, Boiler, Forced Air
Cooling
- Central Air
Appliances
- Included: Cooktop, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliance(s), Wall Oven, Washer, Water Softener Owned, Wine Cooler
- Laundry: Gas Dryer Hookup, Laundry Room, Main Level, Washer Hookup
Features
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: Electric, Family Room
Interior area
- Total structure area: 1,400
- Total interior livable area: 1,400 sqft
- Finished area above ground: 1,400
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Detached Garage, Gravel, Asphalt, Garage Door Opener
- Garage spaces: 3
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Composite Decking, Deck, Wrap Around
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: Lake, Panoramic, South
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake Front, Waterfront Elevation(0-4)
- Frontage length: Water Frontage: 100
Lot
- Size: 0.89 Acres
- Dimensions: 98 x 395
- Features: Accessible Shoreline, Island/Peninsula, Tree Coverage - Medium
Details
- Foundation area: 1400
- Parcel number: 2611822140057
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Residential
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1983
Utilities & green energy
- Electric: Circuit Breakers, 200+ Amp Service
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: Well
Community & HOA
Community
- Subdivision: Medicine Lake Park 1st Div
HOA
- Has HOA: No
Location
- Region: Medicine Lake
Financial & listing details
- Price per square foot: $714/sqft
- Tax assessed value: $1,018,400
- Annual tax amount: $14,524
- Date on market: 3/12/2026
- Cumulative days on market: 62 days
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/12/2026 | Listed for sale | $1,000,000-9.1%$714/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7027357 Report a problem | ||
| 9/27/2025 | Listing removed | $1,100,000$786/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6777074 Report a problem | ||
| 8/8/2025 | Listed for sale | $1,100,000$786/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6753299 Report a problem | ||
| 7/23/2025 | Listing removed | $1,100,000$786/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6753299 Report a problem | ||
| 7/11/2025 | Listed for sale | $1,100,000$786/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6753299 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,978 +11.5% | $1,018,400 -6.6% |
| 2024 | $13,437 +8.9% | $1,090,400 +8.1% |
| 2023 | $12,342 +10.8% | $1,009,000 +12.7% |
| 2022 | $11,142 +5.3% | $895,000 +23.8% |
| 2021 | $10,580 -2.8% | $723,000 +3.1% |
| 2020 | $10,885 +2.9% | $701,000 +1.3% |
| 2019 | $10,580 -2.8% | $692,000 +1.2% |
| 2018 | $10,885 +5.6% | $684,000 +3.6% |
| 2017 | $10,307 +9.4% | $660,000 +13.4% |
| 2016 | $9,417 +9.5% | $582,000 -3.2% |
| 2015 | $8,600 -1% | $601,000 +11.9% |
| 2014 | $8,691 +12.6% | $537,000 +3.1% |
| 2013 | $7,720 -13.1% | $521,000 -15% |
| 2012 | $8,883 -3.6% | $613,000 -5% |
| 2011 | $9,214 -1.7% | $645,000 -7.9% |
| 2010 | $9,377 -0.1% | $700,000 -4.2% |
| 2009 | $9,387 +36.1% | $731,000 +33.7% |
| 2006 | $6,895 +15.2% | $546,900 +15% |
| 2005 | $5,985 +7.4% | $475,600 +15% |
| 2004 | $5,574 +7.2% | $413,600 +12% |
| 2002 | $5,201 -31.1% | $369,300 |
| 2001 | $7,549 | -- |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$5,862/mo
Principal & interest
$4887
Property taxes
$975
More affordability tools
Climate risks
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: 5.3 mi
Local experts in 55441
- Minnesota
- Hennepin County
- Medicine Lake
- 55441
- 217 Peninsula Rd
Nearby cities
Nearby zip codes
Other Medicine Lake Topics
