Date
Details
Price
Change
Source
5/08/2026
Listed
$1,700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/16
$1,700,000 Coming Soon
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Join us at 178 Peninsula Road on:
- Open House: 1:00 PM - 3:00 PM
Saturday 5/30 1:00 PM - 3:00 PM
178 Peninsula Road,Medicine Lake, MN 55441178 Peninsula RoadMedicine LakeMN55441
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1/16
Property Description
This one is MAGICAL. The kind of opportunity buyers wait decades for. UPDATED + STUNNING w/ 50 ft of lakeshore on sought-after Medicine Lake in top-rated WAYZATA SCHOOLS. Turnkey, move-in ready & meticulously maintained w/ expansive lake views on all 3 levels. Floor-to-ceiling windows span the width of the home, flooding spaces w/ natural light & bringing lake life into nearly every room. Recently updated throughout w/ designer touches & wood flooring on ML. Renovated Gourmet Kitchen w/ quartz counters & backsplash, center island, ceramic sink, SS apps (inc gas cooktop) opens to informal Dining & Living Room w/ dramatic floor-to-ceiling 2-sided stone fireplace & Formal Dining w/ built-ins. Walk out to oversized deck w/ modern cable railing overlooking the lake-an incredible extension of the living space to relax, entertain & enjoy expansive water views plus the peaceful setting w/ eagles, loons, swans & beautiful lake wildlife often nearby. ML also includes 2 Beds both opening to oversized deck above garage. UL w/ stunning Primary Suite featuring vaulted ceilings, floor-to-ceiling stone fireplace, expansive lake views, walk-in closet w/ organizational system & spa-like renovated Bath w/ stand-alone tub, tiled shower, dual sinks & quartz counters. UL also includes addt'l Bed/Office/Flex Space & tons of hidden storage. Walkout LL w/ floor-to-ceiling windows, Family Room w/ stone fireplace, gaming space & full wet bar w/ soapstone counters, white cabinetry, full range, refrigerator, microwave & sitting area. LL also w/ addt'l Bed, 3/4 Bath & Laundry Room w/ front-load washer/dryer. Walk out to LL deck w/ Jacuzzi hot tub (included), sitting area, expansive yard & stairs leading to the lake. Storage shed + storage box included. NEW ROOF in 2019. **Extensively upgraded since purchase ($450K-$500K invested), please see supplement for full list of improvements.** Enjoy lake life on Medicine Lake-the 2nd largest lake in Hennepin County-offering boating, kayaking, paddle boarding, fishing & miles of trails for walking, running & biking. Nestled on a peninsula surrounded by water, this special community feels tucked away & peaceful while still being just minutes from Plymouth, Wayzata, Ridgedale, restaurants, shops & downtown Minneapolis. Surrounded by nature, it feels up north while still enjoying all the conveniences of the city. AN ABSOLUTE GEM!
Full Property Details
Full Property Details for 178 Peninsula Rd
General
- Price: $1,700,000
- Taxes: $18,640 (2025)
- Status: Coming Soon
- Type: Single Family
- Source: NorthStarMLS_RMLS
- MLS ID: 7058094
- Updated: 5/12/2026
- Added to Site: 5 day(s) ago
- Expected Market Date: 5/29/2026
Interior
- Fireplace: Yes
- Number of Fireplaces: 3
- Fireplace(s): Family Room, Living Room, Primary Bedroom, Wood-Burning
- Appliances: Humidifier, Water Softener Owned
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 2
- 3/4 Bathrooms: 1
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Eat-in kitchen: Yes
- Dining Room: Eat-In Kitchen, Separate Formal Dining Room
- Formal Dining Room: Eat In Kitchen, Separate/Formal Dining Room
Additional Information
- Amenities: Balcony, Deck, Hardwood Floors, Kitchen Center Island, Kitchen Window, Patio, In-Ground Sprinkler, Vaulted Ceiling(s)
Exterior
- Porch/Patio/Deck: Deck, Patio
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Parking Features: Attached Garage
Location
- County: Hennepin
- Township: Medicine Lake
- Subdivision: Medicine Lake Park 1st Div
- Driving Directions: HWY 55 to 169 North to 13th Ave N exit. At bottom of exit, take left on 13th Ave N. Stay on 13th Ave N and do NOT turn on Nathan Ln N. Continue to S Shore Dr, go west to Peninsula Rd and follow the lake. Home will be on the right.
School Information
- School District: 284 - Wayzata
- High School District: Wayzata
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: Well
Structural Information
- Basement: Yes
- Finished basement: Yes
- Basement Desc.: Finished, Full
- Foundation Size: 1618
- Roof: Age 8 Years or Less
- Disability Access: None
- Square Feet: 4,001
- Above Ground: 4,001 Sq. Ft.
- Finished Down/Base.: 4,001 Sq. Ft.
- Year Built: 1978
Lot Features
- Lot Size (Acres): 0.28
- Lot Dimensions: 50 x 244 x 50 x 252
- Frontage: City Street
- Zoning: Residential-Single Family
- Lot Description: Island/Peninsula
Water Features
- Water Front Desc.: Lakefront
- Water Front Feet: 50
- Water Front Elev.: 0-4
- Lake Front: Yes
- Lake Bottom: Sand
Financial Considerations
- Tax Amount: $18,640
- Tax Year: 2025
- Terms: Conventional, VA, FHA, Cash
Disclosures and Reports
- Legal Description: LOT 016 BLOCK 005 MEDICINE LAKE PARK 1ST DIV
- Property ID: 2511822230004
Listed by eXp Realty
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NMLS#: 1598647
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Schools
Schools serving 178 Peninsula Rd
School District:Wayzata Public School District
| Name | Grades | Distance |
|---|---|---|
Sunset Hill Elementary School 13005 Sunset Trail, Plymouth, MN 55441 | K-5 | 1.9 mi |
Wayzata East Middle School 12000 Ridgemount Avenue West, Plymouth, MN 55441 | 6-8 | 1.6 mi |
Wayzata High School 4955 Peony Lane North, Plymouth, MN 55446 | 9-12 | 5.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 178 Peninsula Rd
Tax History
Tax History for 178 Peninsula Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$18,392
8%
$1,319,200
5%
2023
$17,094
9%
$1,260,300
13%
2023
$15,753
—
$1,118,000
17%
2023
$15,753
10%
$958,000
8%
2020
$14,323
8%
$883,000
3%
2019
$13,218
-1%
$854,000
2%
2018
$13,344
8%
$838,000
—
2017
$12,315
8%
$836,000
13%
2016
$11,385
—
$742,000
-2%
2015
$11,377
9%
$760,000
12%
2014
$10,400
-1%
$679,000
—
2013
$10,521
—
$678,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 178 Peninsula Rd
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- 4Total Baths
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178 Peninsula Road, Medicine Lake, MN 55441 (MLS# 7058094) is a Single Family property with 5 bedrooms, 2 full bathrooms and 2 partial bathrooms. 178 Peninsula Road is currently listed for $1,700,000 and was received on May 08, 2026. Want to learn more about 178 Peninsula Road? Do you have questions about finding other Single Family real estate for sale in Medicine Lake? You can browse all Medicine Lake real estate or contact a Coldwell Banker agent to request more information.