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  • $670,000

    115 Peninsula Rd, Medicine Lake, MN 55441

    6beds
    4baths
    2,950sqft
    Duplex Side by Side
    Built in 1961
    -- sqft lot
    $670,700 Zestimate®
    $227/sqft
    $2,861 Estimated rent

    Home value

    $670,700

    $624,000 - $718,000

    $2,861/mo

    Zestimate® history
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    $2,861/mo

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    Rent Zestimate®

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    $4,240/mo

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    $4,240/mo

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    What's special

    Three-car detached garageTwo bathroomsSprawling half-acre lotPlenty of yard spaceThree bedroomsUpdated kitchensTwo generously sized units
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jesse Swanson 612-840-0444,

    Compass

    Bought with:

    Austin Meimaridis

    Compass

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6811562MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    Heating
    • Forced Air
    Appliances
    • Laundry: Lower Level
    Features
    • Basement: Block
    Interior area
    • Total structure area: 2,950
    • Total interior livable area: 2,950 sqft
    • Finished area above ground: 1,700
    • Finished area below ground: 1,250

    Property

    Parking
    • Total spaces: 3
    • Parking features: Detached Garage, Asphalt, Multiple Garages, Shared Garage/Stall
    • Garage spaces: 3
    • Details: Garage Dimensions (33x25), Garage Door Height (7)
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Patio & porch: Patio
    • Pool features: None
    Lot
    • Size: 0.57 Acres
    • Dimensions: 120 x 200
    • Features: Corner Lot, Irregular Lot, Tree Coverage - Light
    • Topography: Sloped
    Details
    • Foundation area: 1700
    • Parcel number: 2511822330040
    • Zoning description: Residential-Multi-Family

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex Side by Side
    Materials
    • Roof: Age 8 Years or Less
    Condition
    • New construction: No
    • Year built: 1961

    Utilities & green energy

    • Electric: Power Company: Xcel Energy
    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water - In Street, Well

    Community & neighborhood

    Location
    • Region: Medicine Lake
    • Subdivision: Medicine Lake Park 1st Div

    Price history

    DateEventPrice
    5/15/2026Sold$670,000-4.3%$227/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6811562 Report a problem
    4/25/2026Pending sale$699,900$237/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6811562 Report a problem
    3/6/2026Listed for sale$699,900+68.7%$237/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6811562 Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    11/20/2017Sold$415,000+33.9%$141/sqft
    Source: Public Record Report a problem
    5/16/2017Listing removed$1,650$1/sqft
    Source: Owner Report a problem
    5/8/2017Listed for rent$1,650$1/sqft
    Source: Owner Report a problem
    7/26/2000Sold$310,000$105/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,982 +6.2%$619,300 -0.4%
    2024$7,517 +2.4%$621,500 +3.2%
    2023$7,339 +9.8%$602,300 +6%
    2022$6,687 +5.1%$568,000 +22.7%
    2021$6,361 +4.8%$463,000 +3.6%
    2020$6,073 -4.5%$447,000 +9.3%
    2019$6,361 +4.8%$409,000 +13.6%
    2018$6,073 +0.2%$360,000 +10.4%
    2017$6,058 +12.8%$326,000 +6.5%
    2016$5,368 +0.8%$306,000 +0.7%
    2015$5,325 +29%$304,000 +3.4%
    2014$4,130 -4.9%$294,000 -3.3%
    2013$4,340 -3.1%$304,000 -7.3%
    2012$4,478 -0.6%$328,000 -2.4%
    2011$4,506 -4.6%$336,000 -10.9%
    2010$4,722 -2.2%$377,000 -6.2%
    2009$4,826 +10.8%$402,000 +38.7%
    2006$4,354 +43.9%$289,800 +15%
    2005$3,025 +9%$252,000 +15.1%
    2004$2,776 +14%$219,000 +17.7%
    2002$2,435 -27.5%$186,000
    2001$3,358 --

    Find assessor info on the county website

    Neighborhood: 55441

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $670,700
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $670,700