162 Peninsula Road

Medicine Lake MN 55441

3719 sq. ft.

0.52 ac.

Single-Family

Last sold for $1,550,000

Marta Jackson, last sold this property on 15 October 2026 after 56 days on market.

Overview

Private oasis on Medicine Lake, 10 Minutes from Downtown Minneapolis. Taken down to the studs after its 2004 purchase, this home sits back from the road behind mature gardens and a curving driveway — private, quiet, and in the top-rated Wayzata School District. A heated saltwater pool (rebuilt 2016) anchors the outdoor living, with multiple patios and decks, including dining deck under a fairy-lit mature vine canopy— all with panoramic views of the lake. A graded path leads down to the lake and dock. Inside, an open kitchen and great room center on an oversized slider framing the water, warmed by a slate-faced fireplace. Three upper bedrooms with three baths, and a lower-level primary suite with lake views, jetted tub, and steam shower. Attached garage with utility room, plus a detached 3-car garage with boat storage. City sewer updated and water installed in 2025. No HOA.

Features

4 bedrooms

5 bathrooms

5 carspaces

5 garage spaces

3719 sq. ft. floor area

0.52 ac. lot size

Single-Family

Estimated Value

Based on this property and similar 4 bedroom single-family properties sold in Medicine Lake over the last 12 months, the estimated median property value of 162 Peninsula Road is $536k.

Median value

$536k

Estimated value range

$362.5k - $1.65m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Medicine Lake. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 162 Peninsula Road

2026

Sold

$1,550,000

15 Oct 2026 by Marta Jackson, of REMAX Results | Shoreview

Happy sellers in Medicine Lake

We have insufficient information to provide an overview of customer satisfaction for Medicine Lake. Viewing the agent profiles, reviews and sales for Medicine Lake can provide insights for this location.