178 Peninsula Road, Medicine Lake, MN 55441

New Listing
$1,700,000
Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 4,001 Lot Size (sq. ft.): 12,197 Status: Coming Soon
Current Price: $1,700,000 List Date: 5/08/2026 Last Modified: 5/10/2026

Overview

Description

This one is MAGICAL. 49 feet of Lakeshore on Medicine Lake w/ recently updated 4,000 FSF home + expansive lake views on all three levels. Located in the City of Medicine Lake — a hidden gem many don’t even realize is its own city — w/ a small-town lake community vibe in the middle of the West Metro. Peninsula setting w/ water surrounding much of the community creates a tucked away, private feel while still being just minutes from downtown Plymouth, Wayzata, Ridgedale & Minneapolis… all in top-rated WAYZATA SCHOOLS. A rare opportunity in one of the most unique lake communities in the West Metro. More info coming soon!

Open Houses

Listing Details MLS# 7058094

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
3
Road Btwn WF & Home?
No
Waterfront Frontage
49
Waterfront Present
Yes
Year Built
1978
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
2
Bath Three Quarters
Yes
Bath Half
Yes
Main Floor Total SqFt
1420
Above Grd Total SqFt
4001
Total SqFt
4001
Total Finished Sqft
4001.00
FireplaceYN
Yes
Lake/Waterfront Name
Medicine
Style
(SF) Single Family
Foundation Size
1618
Garage Stalls
2
Lot Dimensions
50x245x49x254
Acres
0.28
Assessment Pending
Unknown
Bath Quarter
0
Below Grd Total SqFt
0
Association Fee
0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Balcony; Deck; Hardwood Floors; In-Ground Sprinkler; Kitchen Center Island; Kitchen Window; Patio; Vaulted Ceiling(s) Basement: Full Bath Description: Main Floor 1/2 Bath; Main Floor Full Bath; Full Primary; 3/4 Basement Construction Status: Previously Owned Dining Room Description: Eat In Kitchen; Separate/Formal Dining Room Exterior: Brick/Stone; Cement Board Family Room Characteristics: Family Room; Great Room Fireplace Characteristics: Family Room; Living Room; Primary Bedroom; Wood Burning Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Lake Details: Sand Lock Box Type: Combo Lot Description: Island/Peninsula Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Special Search: Main Floor Bedroom Stories: Two Water: Well Waterfront View: Lake

Contract Information

Contingency
None
Original List Price
1700000
ListPrice
1700000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
178
Street Name
Peninsula
Street Suffix
Road
Postal City
Medicine Lake
County
Hennepin
State
MN
Zip Code
55441
Complex/Dev/Subdivision
Medicine Lake Park 1st Div

Assessments

Tax With Assessments
18640
Assessment Balance
0

Building Information

Finished SqFt Above Ground
4001

More Information

Elevation Highpoint to Waterfront Feet

Elevation Highpoint Waterfront Feet
0-4

Lake Details

Lake Acres
924
Lake Depth
49
Sand
Yes

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
535

Public Survey Info

Range#
22
Section#
25
Township#
118

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
LOT 016 BLOCK 005 MEDICINE LAKE PARK 1ST DIV
Listing City
Medicine Lake
Map Page
105
Municipality
Medicine Lake
School District
Wayzata
School District Phone
763-745-5000
DNR Lake ID#
27010400
DNR Lake Classification
General Development
Zip Plus 4
4178
Property ID Number
2511822230004
Tax Year
2025
Tax Amount
18640
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
This one is MAGICAL. 49 feet of Lakeshore on Medicine Lake w/ recently updated 4,000 FSF home + expansive lake views on all three levels. Located in the City of Medicine Lake — a hidden gem many don’t even realize is its own city — w/ a small-town lake community vibe in the middle of the West Metro. Peninsula setting w/ water surrounding much of the community creates a tucked away, private feel while still being just minutes from downtown Plymouth, Wayzata, Ridgedale & Minneapolis… all in top-rated WAYZATA SCHOOLS. A rare opportunity in one of the most unique lake communities in the West Metro. More info coming soon!
Directions
Hwy 55 (Just East of Cty 73) to S.Shore Drive to left on Peninsula

Accessible

None
Yes

Air Conditioning

Central Air
Yes

Amenities Unit

Balcony
Yes
Deck
Yes
Hardwood Floors
Yes
In-Ground Sprinkler
Yes
Kitchen Center Island
Yes
Kitchen Window
Yes
Patio
Yes
Vaulted Ceiling(s)
Yes

Basement

Full
Yes

Bath Description

Main Floor 1/2 Bath
Yes
Main Floor Full Bath
Yes
Full Primary
Yes
3/4 Basement
Yes

Construction Status

Previously Owned
Yes

Dining Room Description

Eat In Kitchen
Yes
Separate/Formal Dining Room
Yes

Exterior

Brick/Stone
Yes
Cement Board
Yes

Family Room Characteristics

Family Room
Yes
Great Room
Yes

Fireplace Characteristics

Family Room
Yes
Living Room
Yes
Primary Bedroom
Yes
Wood Burning
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Insurance Fee

Insurance Fee
0

Lake/Waterfront

Lake Front
Yes

Lock Box Type

Combo
Yes

Lot Description

Island/Peninsula
Yes

Patio, Porch and Deck Features

Deck
Yes
Patio
Yes

Road Frontage

City Street
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age 8 Years or Less
Yes

Sellers Terms

Cash
Yes
Conventional
Yes
FHA
Yes
VA
Yes

Sewer

City Sewer/Connected
Yes

Special Search

Main Floor Bedroom
Yes

Stories

Two
Yes

Water

Well
Yes

Waterfront View

Lake
Yes

Room Information

Dining Room Dimensions: 16x8 Level: Main Family Room Dimensions: 15.4x14 Level: Lower Fifth (5th) Bedroom Dimensions: 14x12.5 Level: Lower First (1st) Bedroom Dimensions: 13.5x11.5 Level: Main Fourth (4th) Bedroom Dimensions: 15x14 Level: Upper Informal Dining Room Dimensions: 10.5x9 Level: Main Kitchen Dimensions: 15x9 Level: Main Second Kitchen Dimensions: 13.5x12 Level: Lower Laundry Dimensions: 9x9 Level: Lower Living Room Dimensions: 20x13 Level: Main Primary Bath Dimensions: 11x10 Level: Upper Mud Room Dimensions: 13x9 Level: Lower Office Dimensions: 10.5x8 Level: Lower Recreation Room Dimensions: 17.5x12.5 Level: Lower Second (2nd) Bedroom Dimensions: 14 x 9.5 Level: Main Third (3rd) Bedroom Dimensions: 17.5x13.5 Level: Upper
Listing Office: eXp Realty
IDX
Last Updated: May - 10 - 2026
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