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
$1,681,500 Zestimate®
$355/sqft
$6,593 Estimated rent
Home value
$1,681,500
$1.55M - $1.82M
$6,593/mo
Zestimate® history
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Zillow last checked:
Listing updated:
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: 0.3 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 & HOA
Community
- Subdivision: Medicine Lake Park 1st Div
HOA
- Has HOA: No
Location
- Region: Medicine Lake
Financial & listing details
- Price per square foot: $355/sqft
- Tax assessed value: $1,562,000
- Annual tax amount: $22,071
- Date on market: 9/30/2025
- Cumulative days on market: 206 days
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Listing removed | $7,500$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/30/2026 | Listed for rent | $7,500$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 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 | ||
| 8/1/2025 | Price change | $1,795,000-5.5%$386/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6750492 Report a problem | ||
| 7/7/2025 | Listed for sale | $1,899,000-1.4%$408/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6750492 Report a problem | ||
| 6/26/2025 | Listing removed | $1,925,000$414/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6711070 Report a problem | ||
| 6/13/2025 | Price change | $1,925,000-3.5%$414/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6711070 Report a problem | ||
| 5/16/2025 | Listed for sale | $1,995,000+3.6%$429/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6711070 Report a problem | ||
| 6/20/2023 | Listing removed | -- |
Source: NorthstarMLS as distributed by MLS GRID #6332900 Report a problem | ||
| 5/8/2023 | Price change | $1,925,000-3.7%$414/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6332900 Report a problem | ||
| 4/4/2023 | Price change | $1,999,900-7%$430/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6332900 Report a problem | ||
| 2/28/2023 | Listed for sale | $2,150,000+209.4%$462/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6332900 Report a problem | ||
| 1/3/2013 | Sold | $695,000-0.6%$149/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1942860 Report a problem | ||
| 10/29/2012 | Price change | $699,000-4.1%$150/sqft |
Source: Coldwell Banker Burnet - Eden Prairie #4174764 Report a problem | ||
| 8/20/2012 | Price change | $729,000-8.8%$157/sqft |
Source: Coldwell Banker Burnet - Eden Prairie #4174764 Report a problem | ||
| 8/15/2012 | Price change | $799,000-3.6%$172/sqft |
Source: Coldwell Banker Burnet - Eden Prairie #4174764 Report a problem | ||
| 8/12/2012 | Price change | $829,000-2.4%$178/sqft |
Source: Coldwell Banker Burnet - Eden Prairie #4174764 Report a problem | ||
| 7/23/2012 | Listed for sale | $849,000$183/sqft |
Source: Coldwell Banker Burnet - Eden Prairie #4174764 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% |
| 2022 | $15,027 +2.4% | $1,141,000 +20.9% |
| 2021 | $14,682 -2.6% | $944,000 +0.5% |
| 2020 | $15,079 +2.7% | $939,000 +1.5% |
| 2019 | $14,682 -2.6% | $925,000 +17.1% |
| 2018 | $15,079 +21.8% | $790,000 +6% |
| 2017 | $12,384 +14.5% | $745,000 +14.4% |
| 2016 | $10,817 +10.4% | $651,000 -5.5% |
| 2015 | $9,801 -3.7% | $689,000 +10.8% |
| 2014 | $10,178 +13.3% | $622,000 +5.1% |
| 2013 | $8,986 -9.2% | $592,000 -12% |
| 2012 | $9,899 -0.1% | $673,000 -2% |
| 2011 | $9,910 +5.7% | $687,000 -1.9% |
| 2010 | $9,377 +1.8% | $700,000 -2.6% |
| 2009 | $9,212 +23.8% | $719,000 +23.3% |
| 2006 | $7,442 +16.2% | $583,300 +15% |
| 2005 | $6,405 +9.9% | $507,300 +17.3% |
| 2004 | $5,829 +6.8% | $432,500 +12% |
| 2002 | $5,456 -29% | $386,200 |
| 2001 | $7,682 | -- |
Find assessor info on the county website
Neighborhood: 55441
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Nearby schools
GreatSchools rating
- 8/10Sunset 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
$1,681,500
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Estimated market value
$1,681,500
- Minnesota
- Hennepin County
- Medicine Lake
- 55441
- 176 Peninsula Rd
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