217 Peninsula Road, Minneapolis, MN 55441

$1,000,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,400 Lot Size (sq. ft.): 38,768 Status: Pending
Current Price: $1,000,000 List Date: 3/12/2026 Last Modified: 4/08/2026

Overview

Description

Rare Medicine Lake opportunity! Enjoy 100 feet of level, south-facing lakeshore on nearly one acre. Tucked at the end of a long private drive, this exceptional property offers a peaceful, secluded setting with an “up north” feel—just 15 minutes from downtown Minneapolis. The home features true one-level living and is filled with natural light, showcasing beautiful lake views throughout. Whether you’re looking to enjoy the home as-is, renovate, or expand the footprint, the nearly acre-sized lot and premium shoreline create outstanding long-term potential. The renovated kitchen blends timeless style with modern function, featuring white upper cabinets, navy lower cabinets, granite countertops, designer tile backsplash, stainless-steel appliances, and a center island with beverage fridge. The eat-in kitchen opens directly to a spacious maintenance-free deck with sun shading pergola, perfect for outdoor dining, entertaining, or relaxing while taking in sunset views over the lake. A vaulted informal dining and family room with fireplace and custom built-ins provides a warm and inviting space for gatherings. Located on the peninsula in the charming Village of Medicine Lake, this property offers a unique small-town atmosphere while being part of the Wayzata School District. Survey available. One owner home. Lakefront properties with this much level shoreline and land are incredibly rare—don’t miss this opportunity.

Listing Details MLS# 7027357

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
Yes
Road Btwn WF & Home?
No
Waterfront Frontage
100
Waterfront Present
Yes
Year Built
1983
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
Yes
Bath Three Quarters
Yes
Main Floor Total SqFt
1400
Above Grd Total SqFt
1400
Total SqFt
1400
Total Finished Sqft
1400.00
Lake/Waterfront Name
Medicine
Style
(SF) Single Family
Foundation Size
1400
Garage Stalls
3
Lot Dimensions
98x395
Acres
0.89
Bath Half
0
Bath Quarter
0
Below Grd Total SqFt
0
Association Fee
0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Cable; Ceiling Fan(s); Deck; Dock; Hardwood Floors; Kitchen Center Island; Kitchen Window; Main Floor Primary Bedroom; Natural Woodwork; Paneled Doors; Panoramic View; Tile Floors; Vaulted Ceiling(s); Washer/Dryer Hookup Appliances: Cooktop; Dishwasher; Disposal; Dryer; Microwave; Refrigerator; Washer; Wine Cooler Basement: Crawl Space Bath Description: His and Her Closets; Main Floor 3/4 Bath; Main Floor Full Bath; Full Primary; Private Primary Construction Status: Previously Owned Dining Room Description: Eat In Kitchen; Living/Dining Room Electric: 200+ Amp Service; Circuit Breakers Elevation Highpoint to Waterfront Slope: Level Exterior: Cedar Family Room Characteristics: Main Level Fencing: None Fireplace Characteristics: Electric; Family Room Foundation: Concrete Block Fuel: Natural Gas Heating: Baseboard; Boiler; Forced Air Laundry: Gas Dryer Hookup; Laundry Room; Main Level; Washer Hookup Lot Description: Accessible Shoreline; Island/Peninsula; Tree Coverage - Medium Parking Characteristics: Garage Door Opener Pool Description: None Road Frontage: City Street; Paved Streets Road Responsibility: Public Maintained Road Roof: Asphalt Shingles Sellers Terms: Cash; Conventional; VA Sewer: City Sewer/Connected Special Search: All Living Facilities on One Level; Main Floor Laundry; Main Floor Primary; Primary Bdr Suite; Renovated Stories: One Water: Well Waterfront View: Lake; Panoramic; South

Contract Information

Off Market Date
2026-03-28
Contingency
None
Original List Price
1000000
ListPrice
1000000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
217
Street Name
Peninsula
Street Suffix
Road
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55441
Complex/Dev/Subdivision
Medicine Lake Park 1st Div

Assessments

Tax With Assessments
14524
Assessment Balance
0

Building Information

Finished SqFt Above Ground
1400

More Information

Elevation Highpoint to Waterfront Feet

Elevation Highpoint Waterfront Feet
0-4

Lake Details

Lake Acres
924
Lake Depth
49

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
670
Garage Door Opener
Yes

Public Survey Info

Range#
22
Section#
26
Township#
118

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
LOT 006 BLOCK 009 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
4179
Property ID Number
2611822140057
Tax Year
2026
Tax Amount
14524
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Rare Medicine Lake opportunity! Enjoy 100 feet of level, south-facing lakeshore on nearly one acre. Tucked at the end of a long private drive, this exceptional property offers a peaceful, secluded setting with an “up north” feel—just 15 minutes from downtown Minneapolis. The home features true one-level living and is filled with natural light, showcasing beautiful lake views throughout. Whether you’re looking to enjoy the home as-is, renovate, or expand the footprint, the nearly acre-sized lot and premium shoreline create outstanding long-term potential. The renovated kitchen blends timeless style with modern function, featuring white upper cabinets, navy lower cabinets, granite countertops, designer tile backsplash, stainless-steel appliances, and a center island with beverage fridge. The eat-in kitchen opens directly to a spacious maintenance-free deck with sun shading pergola, perfect for outdoor dining, entertaining, or relaxing while taking in sunset views over the lake. A vaulted informal dining and family room with fireplace and custom built-ins provides a warm and inviting space for gatherings. Located on the peninsula in the charming Village of Medicine Lake, this property offers a unique small-town atmosphere while being part of the Wayzata School District. Survey available. One owner home. Lakefront properties with this much level shoreline and land are incredibly rare—don’t miss this opportunity.
Directions
From Hwy 55 go N on Shore Dr, S Shore continues to your left, turn left onto Peninsula to home.

Accessible

None
Yes

Air Conditioning

Central Air
Yes

Amenities Unit

Cable
Yes
Ceiling Fan(s)
Yes
Deck
Yes
Dock
Yes
Hardwood Floors
Yes
Kitchen Center Island
Yes
Kitchen Window
Yes
Main Floor Primary Bedroom
Yes
Natural Woodwork
Yes
Paneled Doors
Yes
Panoramic View
Yes
Tile Floors
Yes
Vaulted Ceiling(s)
Yes
Washer/Dryer Hookup
Yes

Appliances

Cooktop
Yes
Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes
Wine Cooler
Yes

Basement

Crawl Space
Yes

Bath Description

His and Her Closets
Yes
Main Floor 3/4 Bath
Yes
Main Floor Full Bath
Yes
Full Primary
Yes
Private Primary
Yes

Construction Status

Previously Owned
Yes

Dining Room Description

Eat In Kitchen
Yes
Living/Dining Room
Yes

Electric

200+ Amp Service
Yes
Circuit Breakers
Yes

Elevation Highpoint to Waterfront Slope

Level
Yes

Exterior

Cedar
Yes

Family Room Characteristics

Main Level
Yes

Fencing

None
Yes

Fireplace Characteristics

Electric
Yes
Family Room
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Baseboard
Yes
Boiler
Yes
Forced Air
Yes

Insurance Fee

Insurance Fee
0

Lake/Waterfront

Lake Front
Yes

Laundry

Gas Dryer Hookup
Yes
Laundry Room
Yes
Main Level
Yes
Washer Hookup
Yes

Lot Description

Accessible Shoreline
Yes
Island/Peninsula
Yes
Tree Coverage - Medium
Yes

Patio, Porch and Deck Features

Composite Decking
Yes
Deck
Yes
Wrap Around
Yes

Pool Description

None
Yes

Road Frontage

City Street
Yes
Paved Streets
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Asphalt Shingles
Yes

Sellers Terms

Cash
Yes
Conventional
Yes
VA
Yes

Sewer

City Sewer/Connected
Yes

Special Search

All Living Facilities on One Level
Yes
Main Floor Laundry
Yes
Main Floor Primary
Yes
Primary Bdr Suite
Yes
Renovated
Yes

Stories

One
Yes

Water

Well
Yes

Waterfront View

Lake
Yes
Panoramic
Yes
South
Yes

Room Information

Deck Dimensions: 20x19 Level: Main Deck Dimensions: 9x7 Level: Main Dining Room Dimensions: 14x10 Level: Main Family Room Dimensions: 17x14 Level: Main First (1st) Bedroom Dimensions: 17x10 Level: Main Garage Dimensions: 26x20 Level: Upper Informal Dining Room Dimensions: 9x8 Level: Main Kitchen Dimensions: 12x9 Level: Main Laundry Dimensions: 6x5 Level: Main Second (2nd) Bedroom Dimensions: 18x9 Level: Main
Listing Office: Edina Realty, Inc.
IDX
Last Updated: April - 08 - 2026
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