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Jenn Diadoo

jenn@diadoo.com +1(612) 670-4538

$ 999,900

Est. payment | -/mo

5 Beds

3 Baths

3,778 SqFt

Save

$ 999,900

Est. payment | -/mo

Save

5 Beds

3 Baths

3,778 SqFt

Open House

Sat Sep 19, 3:00pm - 5:00pm

Sat Sep 26, 11:00am - 1:00pm

Sun Sep 27, 11:00am - 1:00pm

Key Details

Property Type Single Family Home

Sub Type Single Family

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 3,778 sqft

Price per Sqft $264

Subdivision Medicine Lake Park 1St Div

MLS Listing ID 7106043

Bedrooms 5

Full Baths 2

Three Quarter Bath 1

Year Built 1955

Annual Tax Amount $15,043

Tax Year 2026

Contingent None

Lot Size 0.650 Acres

Lot Dimensions 84x338x96x305

Property Sub-Type Single Family

Property Description

RARE MEDICINE LAKE OPPORTUNITY offering 96 FEET OF LAKESHORE + TWO SEPARATE RESIDENCES 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—this unique property offers incredible proximity to downtown Plymouth, Wayzata, Ridgedale & Minneapolis. MAIN HOME | 168 PENINSULA: Filled w/ natural light + lake views, featuring real hardwood floors & an oversized Family Room w/ floor-to-ceiling stone fireplace. Double doors open to the Sun Room w/ vaulted ceiling, walls of windows, front walkout + deck access. Kitchen features granite counters, SS apps (inc gas range) & abundant cabinetry. ML offers 4 BRs + Office/Flex Space & 2 BAs. Two of the Bedrooms 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 + Storage Room w/ crawl space. NEW ROOF SEPT 2026. Incredible 96-ft lakeshore lot w/ mature trees + privacy. Lake access area is currently overgrown & existing stairs to the lake will require rebuilding/reworking, offering the next owner an opportunity to reimagine the waterfront. 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 has previously been used as a rental; future rental use offers POTENTIAL INCOME and would require buyer to apply for a new rental license + complete required City inspection/approval. A truly unique opportunity to own 96 feet of Medicine Lake shoreline w/ two residences, incredible flexibility + a prime peninsula location in WAYZATA SCHOOLS.

Location

State MN

County Hennepin

Zoning Residential-Single Family

Body of Water [{\"WaterBodyName\":\"Medicine\", \"LakeAcres\":924.37, \"WaterBodyKey\":\"101350\", \"NST_LakeClass\":\"General Development\", \"NST_LakeChain\":\"N\", \"BodyOfWaterNumber\":\"27010400\", \"LakeDepth\":49}]

Lake Name Medicine

Rooms

Basement Partially Finished

Dining Room Eat In Kitchen, Informal Dining Room

Interior

Heating Forced Air

Cooling Central Air

Fireplaces Number 1

Fireplace Yes

Laundry Main Level

Exterior

Parking Features Attached Garage, Tuckunder Garage

Garage Spaces 2.0

Waterfront Description Lake Front

View Y/N Lake

View Lake

Roof Type Age Over 8 Years

Road Frontage N

Building

Story One

Foundation 3440

Sewer City Sewer/Connected

Water City Water - In Street, Well

Level or Stories One

New Construction false

Schools

School District Wayzata

Listed by Kelly Brown • eXp Realty

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Jenn Diadoo

Agent

+1(612) 670-4538

jenn@diadoo.com

21670 Monterey Ave, Lakeville, MN 55044, Lakeville, Minnesota 55044, USA

168 Peninsula RD Medicine Lake, MN 55441

Jenn Diadoo

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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168 Peninsula RD